The crypto market rallied on Monda, with Bitcoin, Ethereum and XRP continuing to rise following reports that U.S. President Donald Trump has backed off plans to launch attacks against Yemen’s Houthis. The announcement brought relief from immediate worries regarding the other U.S. military move in the Middle East. Thereafter, Houthi officials revealed that Washington had contacted the group after its advance toward the Bab el-Mandeb Strait.
Bitcoin, Ethereum, XRP Surge As US Cancels Yemen Attack The overall crypto market surge pushed the total market cap of cryptocurrencies to $2.87 trillion, up by 4.48%, in the last 24 hours, per CoinMarketCap.
Meanwhile, Bitcoin price climbed to $84,468.29, gaining 5.11% over 24 hours and 8.65% over seven days. At press time, BTC boasted a market cap of about $1.68 trillion and 24-hour trading volume of $29.02 billion.
Bitcoin price chart today. Source: TradingView Ethereum price also appreciated, trading at $2,707.70 with a 4.98% increase during the last 24 hours. Further, ETH has risen by 7.68% over the last seven days, and has a market cap of $329.49 billion and a daily volume of $15.92 billion.
Ripple’s XRP was moving even higher on a daily basis. As of writing, the XRP price traded around $1.47, up 6.77% in 24 hours and 6.64% over seven days. The total market valuation of XRP hit $92.73 billion mark. Whilst, the trading volume for XRP reached $3.77 billion.
The crypto market rally came in the wake of reports that Trump temporarily put an end to a planned U.S. strike against Iran-linked Houthi targets in Yemen after Saudi Crown Prince Mohammed bin Salman had urged Washington to act. Reports indicated U.S. military preparations had made some progress before Trump changed tacks.
Houthis Reply After Trump Calls Off Strikes Mohamed al-Bukhaiti, a member of the Houthi political bureau, noted that Washington has reached out to the group after it took control of parts of the Red Sea chokeppoint.
Hence, Yemen’s Houthis promised the U.S. that American ships would not be attacked, the official said. Al-Bukhaiti stated, “We confirmed that we are not targeting the United States, or any other nation, in the strait, with the sole exception of the Saudi enemy,”
Al-Bukhaiti stated that the situation “still the same,” according to Euronews report. He also cautioned that if other countries are to join Saudi Arabia in its campaign, the group will fight on several fronts.
He also predicted that Houthis will continue to attack Saudi Arabia until Riyadh lifts the blockade on Houthis-controlled areas and allows ships to enter Red Sea ports under the control of the group. The comments came after renewed tensions and fighting erupted near the Bab el-Mandeb strait, which provides access to the southern Red Sea port of Aden, a strategic gateway for the Red Sea states.
Though the latest news is a relief to Bitcoin and the crypto market, the tensions in Saudi Arabia could spell trouble later on, per macro experts.
Africa’s institutional crypto market just reached a new threshold.
South Africa’s Absa Corporate and Investment Banking has launched Absa Digital Asset Custody, a live institutional platform built on Ripple’s custody technology.
Absa CIB confirmed the go-live on September 21, 2026, calling it “a digital first for Africa.”
Ripple’s Managing Director for the Middle East and Africa, Reece Merrick, described the launch as a “major milestone” for bank-grade digital asset infrastructure on the continent.
From Partnership to Live Product: What Absa Is Now Offering The roots of today’s launch go back to October 2025. That is when CoinGape first reported Ripple’s 2025 Absa custody partnership, which outlined Absa’s plan to bring regulated digital asset storage to its corporate banking clients.
Today, that agreement has become a named product.
Absa Digital Asset Custody provides institutional clients with private-key management, transaction and approval controls, and bank-grade governance and compliance wrapping.
Introducing Absa Digital Asset Custody, bringing institutional-grade security, governance and control to digital assets.
A digital first for Africa, built to institutional standards.
— Absa Corporate and Investment Banking (@Absa_CIB) September 21, 2026
The platform is designed for clients who already trust Absa with traditional assets and now want the same security standard applied to digital holdings.
Absa is not positioning this as a trading venue. It is positioning it as a vault.
Robyn Lawson, Head of Digital Product Custody at Absa CIB, made the bank’s intent clear at the time of the original deal, clients needed “secure, compliant, and robust custody solutions.”
That language is now reflected in a live product page at cib.absa.africa. Absa says the platform covers safekeeping, key control, audit trails, and a familiar regulated counterparty.
Ripple provides the underlying custody software and blockchain broadcast capability. Absa provides the banking wrapper.
Merrick’s framing today is the commercial one. He wrote that Absa is now setting “a new benchmark for secure, compliant, and bank-grade digital asset management on the continent.”
That benchmark has been a deliberate goal. Ripple’s broader custody expansion has long been framed as a precondition for institutional adoption, not a side product.
A Bank-Custody Race With Continental Stakes Absa’s launch arrives during a global sprint among major banks to establish crypto custody. Deutsche Bank’s crypto custody plan was announced in the same week, covering Bitcoin, Ether, and select stablecoins for institutional clients.
The timing underscores a structural shift: large balance sheets want vaults before they want trading screens.
Absa Digital Asset Custody sits inside a wider Ripple infrastructure push across the continent. Ripple’s RLUSD push in Africa has extended dollar stablecoin rails through regional fintechs.
Ripple’s Chipper Cash payments deal connected African cross-border flows to the Ripple network. Ripple’s Flutterwave stake gave the company equity exposure to one of Africa’s largest fintech payment processors.
Custody completes that infrastructure loop. Payments move value. Stablecoins settle value. Custody now lets a regulated bank hold value.
Ripple has demonstrated the same custody-first model elsewhere. BBVA’s Ripple custody rollout brought Bitcoin and Ether custody to retail banking clients in Spain.
Ripple Custody in tokenized bond settlement showed the same rails applied to sovereign debt. Africa is now the third region where a major bank has taken Ripple custody to market.
The regulatory backdrop strengthens the case. SEC path for Ripple as a custodian opened the door for Ripple-adjacent institutions to operate as qualified custodians under US guidelines.
BNY Mellon as RLUSD reserve custodian established a high-trust institutional precedent for Ripple-backed assets. Absa Digital Asset Custody now adds a live African bank to that stack.
Whether Absa Digital Asset Custody expands beyond South Africa to Absa’s other African markets, and whether tokenized assets or stablecoins follow as product extensions, will define how significant today’s launch becomes.
From on-chain data to charting, explore these free crypto tools every investor should know.
Ripple has expanded its banking footprint in Africa as Absa Corporate and Investment Banking launches Absa Digital Asset Custody using Ripple’s custody technology.
The service gives institutional clients access to bank-backed digital asset storage, bringing cryptocurrencies and tokenized assets into a regulated banking setup.
Absa Deploys Ripple’s Digital Asset Custody PlatformOn September 21, 2026, Ripple Middle East and Africa Managing Director Reece Merrick confirmed the partnership with Absa Corporate and Investment Banking.
Merrick said, “We’re proud to partner with Absa Corporate and Investment Banking on the launch of Absa Digital Asset Custody.
Under the partnership, Absa will use Ripple’s custody technology to securely store and manage cryptocurrencies such as Bitcoin and XRP, along with tokenized real-world assets. The platform will also support settlement for corporate clients and asset managers.
Absa Head of Digital Product, Custody Robyn Lawson said the bank chose Ripple’s technology because it meets high security and operational standards.
The launch is important for XRP because it puts Ripple’s custody infrastructure directly inside a major African banking group.
Ripple Expands Its Banking Footprint in AfricaThe launch builds on a partnership announced in October 2025, when Absa became Ripple’s first major custody partner in Africa.
With Absa managing more than 2.07 trillion South African rand ($119.5 billion) in assets, the deal gives Ripple a major banking partner for expanding digital asset custody services across the continent.
The deal also adds to Ripple’s growing regional presence. The company already works with Chipper Cash on crypto-based cross-border payments and has expanded its RLUSD stablecoin through partnerships with Chipper Cash, VALR and Yellow Card.
$205B Africa Crypto Market Drives DemandThe launch comes as crypto activity continues to grow across Africa. According to Chainalysis data, Sub-Saharan Africa recorded more than $205 billion in on-chain transaction value over the 12 months through June 2025, making it the third-fastest-growing crypto region globally.
Ripple’s 2025 New Value Report also found that 64% of financial leaders across the Middle East and Africa see faster payments and settlement as a major reason to adopt blockchain-based currencies.
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Ripple (XRP) price is up by 8.3% to trade at $1.49 at the time of writing. Following these gains, XRP price now trades above resistance at the 200-week EMA.
The gains coincide with a 663% increase in inflows to the Binance exchange and a surge in XRP’s open interest to $3.1 billion.
XRP Inflows to Binance Surge Data from CryptoQuant shows that XRP inflows to Binance in the week ending September 18 averaged at 21.7 million daily. Analyst CryptoonChain notes that the inflows were 663% above the quarterly daily average.
The analyst also notes that the count of addresses making deposits averaged at 788 during the same week, with this also being a 129% increase above the quarterly daily average.
Source: CryptoQuant However, the analyst notes that most of these deposits occurred between September 16 and 17. These were the dates when the Federal Reserve hiked rates.
“The deposit clusters may reflect venue rebalancing around the decision rather than distribution,” the analyst said.
The inflow of XRP to Binance also occurred after the CLARITY Act bill failed to get approval from the US Senate, creating panic among traders because of the regulatory uncertainty.
Open Interest Nears One-Month High Data from CoinGlass shows that XRP’s open interest has reached $3.37 billion as the broader crypto market gains. This marks the highest OI reading since August 28.
XRP Open Interest (Source: CoinGlass) The OI reading is climbing despite ongoing short liquidations, with $7.92 million in shorts being squeezed out today, September 21, per CoinGlass.
Still, short sellers continue to open new positions on XRP as they bet that the price will drop. The long/short reading of 0.93 shows that there are more short accounts than long accounts. In fact, the long/short reading is at its lowest point since September 11.
The Hyperliquid whale tracker on CoinGlass also shows that two out of three positions opened by whales on Hyperliquid are short positions.
XRP ETFs Record 10 Consecutive Weeks of Inflows XRP inflows have recorded ten straight weeks of inflows, per data from SoSoValue. The ETFs have also recorded $41.85 million in inflows in September 2026 alone.
XRP ETFs Inflows/Outflows (Source: SoSoValue) These inflows point towards rising demand for XRP ETFs amid the adoption of Ripple by institutions, as earlier reported by CoinGape.
The inflows also come after the SEC and the CFTC stepped in to fill the gap left by the CLARITY Act bill after failing to pass.
XRP Price Tests 200-Week EMA Resistance XRP price has moved above the resistance at the 200-week EMA of $1.37. XRP’s uptrend has also pushed it above the 61.8% Fib of $1.42.
If the uptrend continues, XRP will move to the 50-week EMA of $1.52. If it also closes above the resistance at the 50-week EMA, it will confirm that the trend has shifted from a bearish one to a bullish one.
The fear and greed index also shows that the crypto market is in a state of “extreme greed” as buying pressure increases. This buying pressure could support a strong uptrend to the 161.8% Fib of $2.14.
XRP/USDT 1W Chart (Source: TradingView) The AO bars that are green and growing in length also suggest that the momentum is favoring bulls, and this could push XRP price towards $2.14.
However, if the momentum fades and XRP price moves below the 200-week EMA, the price might retest the support at $1.34.
While Bitcoin, Ethereum, and altcoins have continued their upward trend in recent days, some altcoins in South Korea have experienced a notable increase in trading volume.
Accordingly, Upbit, one of South Korea’s leading cryptocurrency exchanges, recorded a remarkable increase in weekly trading volume.
According to data from Upbit, compiled by The Block, the exchange’s total trading volume last week increased by 22.4% compared to the previous week, reaching $9.9 billion.
In addition, XRP was the most traded cryptocurrency on Upbit last week, surpassing Bitcoin and USDT.
XRP Ranks First in Trading Volume! Upbit’s weekly trading volume by asset saw XRP take the top spot. XRP was followed by Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), respectively. Thus, XRP became the most actively traded cryptocurrency by Upbit users during that week.
High trading activity for XRP on Upbit is nothing new. There have been previous reports of XRP surpassing Bitcoin and USDT in daily trading volume on Upbit.
Significant Recovery in Weekly Volume! A trading volume of $9.9 billion indicates a significant increase in trading activity on Upbit compared to the previous week. However, a rise in trading volume alone does not necessarily mean new capital inflow into the market or a rise in cryptocurrency prices.
Because transaction volume shows the total size of transactions that took place within a specific period, it does not reveal the net purchase amount. Therefore, it is not possible to conclude from the available data whether investors are clearly buyers or sellers.
*This is not investment advice.
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The XRP market is showing signs of a reversal in its medium-term downtrend. After a brief decline in the middle of the month, the token's price recovered to $1.48, posting a daily gain of around 7%.
The price stabilized amid a massive wave of institutional buying and a broader strengthening of the altcoin market.
The asset's decline to a local low of $1.29, recorded last week, was primarily technical and emotional in nature. The retail sector's reaction to local regulatory debates in Washington proved short-lived, as XRP's underlying legal status as a digital commodity remains unchanged, supported by the 2023 court precedent and official regulatory guidance issued in March 2026.
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Weekly XRP/USD chart showing a trend breakout and recovery to $1.48, Source: TradingViewThe price decline to psychological support levels prompted large holders to step in. According to on-chain metrics, 1.54 billion XRP was withdrawn to institutional addresses within 96 hours of the dip. The total amount of liquidity directed toward buying the dip is estimated at $2.2 billion.
This capital inflow fully offset selling pressure and stabilized daily trading volume at around $92.6 million.
From $1.50 to $1.80: What technical analysis says about XRP's futureThe weekly timeframe on Bitstamp confirms a shift in the market balance in favor of buyers. The current weekly candle is closing up 5.45% at around $1.48716, marking a breakout above the long-term descending channel.
Momentum indicators: The long-term TradingView oscillator has completed a crossover in its lower range, generating a technical buy signal (Bull) and confirming a gradual shift in momentum toward buyers.Consolidation zones: A strong block of buying interest has formed in the $1.25–$1.38 range. The volumes accumulated here in July and August point to the formation of a solid price foundation. You Might Also Like
At present, XRP is approaching key resistance and the moving average near $1.50. A sustained move above this level could accelerate the classic rotation of capital from Bitcoin, which is holding above $76,000, into liquid altcoins, opening the way for XRP to reach medium-term targets around $1.80.
Financial analyst Versan Aljarrah has detailed a model examining how XRP could reach much higher prices if global financial institutions adopt the token for large-scale settlement purposes.
Liquidity Needs and Price DynamicsAljarrah’s analysis centers on the liquidity demands created when transferring large sums across global markets. If major institutions rely on XRP to move significant amounts of value, the token would need to serve as inventory for settlement operations.
He explained that larger transfers require robust market depth. Without sufficient liquidity, institutions risk facing slippage, where large orders alter the market price and increase the cost of transfers. According to Aljarrah, this direct relationship ties XRP’s required market depth to its price.
XRP must work as inventory so settlement flows with the least possible friction. When more value has to move quickly and efficiently, market depth becomes crucial. Transfers that cannot be absorbed easily by the market lead to slippage, which then reflects the real cost of settlement activity.
Aljarrah noted that a higher XRP price would improve efficiency, enabling large value transfers with fewer XRP tokens for each transaction. This shift can reduce operational costs for institutions adopting XRP as a bridge asset.
Settlement Function and Market CapitalizationThe analyst distinguished between XRP’s market capitalization—the value assigned by current buyers—and the value XRP would need to support as a settlement intermediary. He argued that price expectations based solely on market capitalization overlook how much liquidity might be necessary if XRP assumes a central role in global payments.
Aljarrah emphasized that the true price of XRP should be calculated from its actual utility in settlement networks and its ability to handle large-scale transaction flows without excessive market disruption.
His model therefore suggests that XRP’s valuation is not just a product of public perception but a reflection of its technical necessity in international settlement corridors.
Historical Context and Technical FeaturesIn previous research, Aljarrah explored how XRP’s features may support this vision. He cited divisibility into one million drops, which allows even high-priced XRP to process smaller transactions.
By using an example of a $1 billion settlement, he illustrated that at $1 per XRP, 1 billion XRP would be needed, while at $10,000 per XRP, only 100,000 XRP would be required to move the same value. This demonstrates how a higher price per token could reduce the number of XRP needed for institutional settlements.
Aljarrah’s argument also considered demand from sectors like cross-border payments, foreign exchange markets, derivatives, and other institutional use cases. Each scenario points to a future where deeper liquidity and higher token prices could be necessary for operational efficiency.
Meme Token Market and Investor ActivityAs market trends often hinge on both liquidity and timing, the meme token segment illustrates how investor choices and technical triggers can accelerate volatility. In this area, rapid momentum can transform an internet trend into millions of dollars in days.
Data from Fomo App highlighted a recent trade involving “Niu Lai,” where an initial $99 investment became approximately $370,000, exemplifying this dynamic. Tools like Fomo App provide integrated platforms that combine token discovery, investor rankings, social feeds, and trade notifications, enabling users to track prices and investor activity in real time.
Aljarrah’s model places settlement utility at the core of the price debate. If global institutions adopt XRP for large-scale settlement, the token would need a market structure deep enough to limit slippage and deliver reliable, cost-efficient transfers for high-value corridors.
As with all financial models, these projections do not serve as investment advice and should be considered in the context of ongoing market developments. Readers are encouraged to conduct their own research before making decisions involving digital assets.
XRP has once again become a focal point for both institutional investors and analysts as recent price swings attract widespread attention. Fresh discussions about its future price trajectory have picked up following notable volatility in recent weeks.
ChatGPT forecasts $1.55 central estimateAsked to project XRP’s price for October 1, 2026, artificial intelligence tool ChatGPT offered a central estimate of $1.55, citing a range of likely outcomes. The analysis is grounded in a review of recent price action and factors such as Exchange-Traded Fund (ETF) inflows and ongoing regulatory events.
ChatGPT stated that while $1.55 is its central expectation, a more practical near-term trading range for the digital asset stands between $1.40 and $1.70. This range accounts for the inherent volatility in cryptocurrency markets and potential market catalysts.
The model outlined four primary factors shaping its projections: recent price performance, ETF market flows, regulatory context, and the sharp movement seen in August. Four scenarios were described for October 1, 2026.
Scenario breakdown for XRP priceIn the bearish scenario, XRP could fall to a zone between $1.15 and $1.30, primarily if ETF inflows weaken, the crypto market undergoes a broader selloff, or XRP breaks below the $1.30 support level.
The base case, described as the most probable outcome, lands in a band between $1.40 and $1.65. This assumes ETF demand remains steady and that the broader crypto market does not experience significant shocks. According to ChatGPT, XRP may not require any new “blockbuster” announcement to reach $1.55 to $1.65, as consistent institutional participation could be sufficient.
In the base case scenario for October 1, 2026, XRP is expected to trade between $1.40 and $1.65, assuming steady ETF inflows and relative market stability; reaching the upper end of this range may not necessitate a major new development, but rather continued institutional demand.
Key resistance and bullish prospectsThe bullish scenario envisions XRP moving toward the $1.70 to $2 range. This outcome relies on a combination of surging ETF inflows, a successful break above the $1.70 technical resistance level, and an overall rally in the cryptocurrency market. ChatGPT identified $1.70 as a crucial technical threshold, noting that a move beyond this level—which was rejected in August—would mark a significant shift in the market structure.
An additional “extreme upside” scenario posits XRP surpassing $2, though this was attributed only to major institutional or Ripple-related developments combined with market-wide momentum.
Given the complexity and influence of real-time market shifts, investors increasingly seek platforms that streamline technical analysis and news monitoring. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
ETF inflows and regulation shape outlookSustained inflows into US spot XRP ETFs were highlighted as a key support for the $1.55 estimate. Several large institutions have declared positions in XRP ETFs, and ChatGPT cited roughly $1.72 billion in net inflows, including an 11-session streak that contributed about $170 million in early September.
Regulatory developments also play a critical role. The US Senate’s recent decision not to advance the CLARITY Act by a narrow 49-50 vote in September removed what would have been a possible near-term catalyst. Accordingly, this legislative outcome is cited as a reason why XRP may have difficulty reaching the $1.70 to $2 range in the near future.
Hotly anticipated moves in ETF inflows and legislative decisions, such as the Senate’s failure to pass the CLARITY Act, stand as decisive factors for XRP’s ability to break into new price levels in coming months.
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The XRP Community has a big date ahead of it as the Permission Delegation amendment is getting closer to activation, with the upgrade set to go live on October 5.
Gaining 29 Yes votes, PermissionDelegationV1_1 entered a two-week activation window on September 21, 2026. Starting from this date, the earliest activation of the Permission Delegation feature will be in the next 13 days on October 5, 2026, at 11:18 AM UTC, according to XRPScan data.
This marks the earliest possible activation date, as validator support for the Permission Delegation amendment must stay above 80% the whole way. If it slips to 80% or lower even once, the amendment is rejected, and the 14-day timer starts over.
Permission Delegation allows accounts to delegate some permissions to other accounts. PermissionDelegationV1_1, bundled in the xrpld version 3.3.0, replaces Permission Delegation, fixing a critical bug discovered in the original implementation of the feature. Standard: XLS-75.
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The XRP community is also looking ahead to the Ripple Swell event, scheduled for October 27 to 29, 2026.
Permission Delegation: "Big enabler for institutions"According to Hussein Zangana (Vet), the Permission Delegation feature is a big enabler for institutions, being a compliance & operations building block.
With 29 Yes votes Permission Delegation is
now also in 2-Week activation on the XRP Ledger! ✅
Big enabler for institutions, get ready to see them come on chain on the XRP Ledger!
What is this feature again?
Permission Delegation is compliance & operations building block 🧵:… pic.twitter.com/SB1HwMhEG0
— Vet (@Vet_X0) September 21, 2026 According to Ripple stablecoin product lead, Lauren Berta, Permission Delegation has the potential to unlock an important capability for institutions issuing regulated assets on XRPL and matters for RLUSD and every regulated token on the ledger.
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Permission Delegation allows issuers to delegate specific actions to separate accounts while keeping the issuer account secure. Stablecoin issuers, RWA tokenizers, and asset managers bringing regulated instruments onchain all need ways to separate the teams moving assets, enforcing compliance, and managing security.
This separation of duties is how stablecoin issuers operate on other chains: different teams are responsible for different functions.
Permission Delegation will enable that same type of operational structure for RLUSD on XRPL, natively at the protocol level.
Importantly, delegation does not mean giving up control: certain account-level permissions cannot be delegated, preventing delegates from escalating their own access. The issuer maintains control over which permissions are granted and can revoke them instantly.
Berta disclosed that the RLUSD team was building and testing against the functionality on devnet in parallel, highlighting interest in the feature.
According to RippleX software engineer Mayukha Vadari, a retail-specific use case of Permission Delegation (XLS-75) is for blackholed issuers. Before blackholing their issuer accounts, users can delegate some responsibilities (like setting the account domain) to a separate account they still control. So even after blackholing, they still control a few settings.
The crypto market is witnessing a sudden recovery today, with Bitcoin rebounding 4% in just two hours to hit a 9-month high of $85,299. This follows the liquidation of nearly $270 million in short positions across BTC, ETH, SOL, XRP, DOGE, ZEC, HYPE, and other top altcoins in just an hour.
The global crypto market cap surged more than 2.25% to $2.87 trillion in the last 24 hours. The Crypto Market Fear & Greed Index has also improved to 70 (greed) from a neutral sentiment a week ago.
Crypto Market Recovery amid Massive Bitcoin, ETH, XRP Liquidations The crypto market saw another short liquidation-driven recovery. According to CoinGlass data, the broader market saw nearly $450 million in liquidations across BTC, Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE), Hyperliquid (HYPE) and SUI in the past 4 hours.
In the last 24 hours, $750 million in total crypto assets were liquidated. Almost $650 million were short liquidations, triggering bullish sentiment and recovery in the broader crypto market.
Bitcoin alone saw almost $300 million liquidated in the last 4 hours. On the other hand, ETH recorded $72 million in short liquidations, significantly lower than BTC.
BTC price has surged nearly 6% in the past 24 hours to hit a 9-month high of $85,299 today. The price is currently trading at $84,537, with a 58% increase in trading volume over the last 24 hours.
Crypto Market Short Liquidations Trigger Recovery. Source: CoinGlass
Why Are Bitcoin and Altcoins Rising Suddenly Today? As already priced-in Fed rate hike sentiment faded, hopes of an end to the US-Iran war triggered inflows into spot Bitcoin and Ethereum ETFs. Oil prices also extended their fall for the fourth straight day. Crude oil prices dropped almost 3% to $97 on Monday.
This drove BTC to close above its 50-week moving average (WMA) for the first higher high since November 2025. On-chain platform Santiment noted that this signals a bear market bottom, with rising social volume, large transactions, and derivatives open interest.
$BTC closed the week above the weekly 50 MA for the first time since the bear market began.
And now it’s working on a higher high.
A close at these levels and bear market argument is dead.
Some would say this move has already killed it.
$82,814 is broken. pic.twitter.com/f4XiymJZNZ
— The Wolf Of All Streets (@scottmelker) September 21, 2026
Galaxy Research’s Alex Thorn also flagged a bear market bottom. He claimed the 50-WMA has historically been a strong confirmation that a bear market bottom is in. BTC price rally to drive a massive recovery in the crypto market.
In addition, Bitcoin’s hashrate is rising again after ending a recent downtrend, indicating renewed miner activity. As CoinGape reported earlier, miner MARA Holdings acquired BTC for the first time in months.
Bitcoin Network True Hashrate. Source: CryptoQuant Crypto Market Recovery Sentiment Sustained The crypto market recovery began last week itself when the crypto market saw $300 million in liquidations over four hours. BTC surpassed $81,000 as US regulators SEC and CFTC advanced crypto regulatory developments.
The SEC issued its innovation exemption to grant a five-year exemption to facilitate the trading of tokenized stocks in a major move for crypto. Meanwhile, the CFTC sent crypto rules to White House for regulatory clarity as the CLARITY Act stalled in the Senate.
Veteran trader Peter Brandt also predicted a crypto market recovery and massive rally in the coming years. He also posted his BTC prediction for the first time in more than a month.
“A bear trap immediately followed by a spring board. This is not something to be taken casually. This can be powerful,” he said.
Bitcoin Price in Daily Timeframe. Source: Peter Brandt The crypto market recovery has sparked “Uptober” buzz. PlanB says this could be the last time BTC is under $100K. On-chain data remained bullish for weeks ahead. Notably, CryptoQuant’s Bull-Bear Market Cycle Indicator, used by long-term whales, showed that the broader cycle signal is bullish.
Bitcoin Bull-Bear Market Cycle Indicator. Source: CryptoQuant Also Check: Best Crypto Tools for Research and Analysis
Bitcoin approached $84,000 on Monday, rising nearly 2% in the past 24 hours and maintaining momentum from late last week, according to CoinDesk data. The gains reflected a broader strength across major cryptocurrencies, with several large-cap tokens rallying alongside traditional risk assets.
Gains led by Monero, Dogecoin, and XRPAmong leading digital assets, Monero (XMR) delivered the most notable performance, jumping 13% to nearly $588 before trimming 4% of that gain within the hour. Dogecoin gained 5%, while XRP moved up 4% to cross $1.45. Ethereum, Solana, and HYPE each climbed approximately 3%. Binance Coin (BNB) and Zcash (ZEC) advanced 2%.
Tron (TRX) lagged behind, posting an increase of less than 1% over the same period. The upward momentum in the crypto sector mirrored the strength seen across other financial markets.
Token24h ChangePriceBitcoin (BTC)+2%~$84,000Monero (XMR)+13%~$588Dogecoin (DOGE)+5%N/AXRP+4%>$1.45Ethereum (ETH)+3%N/ASolana (SOL)+3%N/AHYPE+3%N/ABNB+2%N/AZcash (ZEC)+2%N/ATron (TRX)N/AMonero is a privacy-focused cryptocurrency known for its advanced cryptographic features that enable confidential transactions. XMR prioritizes anonymity for both senders and receivers, distinguishing it from many other leading crypto assets.
Mini dictionary: Monero (XMR), a digital currency launched in 2014, employs privacy technologies such as ring signatures and stealth addresses to obscure transaction details and enhance user confidentiality.
Traditional assets follow risk-on sentimentBroader markets exhibited similar optimism. S&P 500 futures rose more than 0.5%, and Nasdaq 100 contracts climbed nearly 1%, led by strength in technology stocks globally. Treasury securities gained across maturities, with European bonds outperforming and the dollar remaining little changed.
The upward move in cryptocurrencies and equities coincided with continued declines in oil prices, providing additional support to risk assets.
Oil prices drop further amid diplomatic talksBrent crude oil registered its fourth consecutive daily decline, marking its longest slump in three months. Analysts pointed to ongoing diplomatic efforts aimed at reducing tensions between the United States and Iran and facilitating Middle East crude shipments. The fall in oil prices played a role in moderating inflation fears, a factor that has influenced the Federal Reserve’s cautious monetary policy stance this year.
US President Donald Trump indicated in an interview with Fox News that he would “probably” consider meeting Iranian President Masoud Pezeshkian during the upcoming United Nations General Assembly.
Diplomatic initiatives to lower Middle East tensions and ensure steady oil supplies have contributed to the extended decline in Brent oil prices and helped ease inflation concerns in financial markets.
Investors were also adjusting positions ahead of a scheduled summit between President Trump and Chinese President Xi Jinping later in the week.
The global crypto market has started the week on a strong note, with total market cap rising around 5% to $2.93 trillion. Bitcoin, Ethereum, XRP, and Solana are all posting sharp gains as buying pressure returns.
Overall sentiment is also strong, with the Crypto Fear & Greed Index at 76, showing high risk greed among traders.
So, why is the crypto market rallying today?
Oil Prices Slide as Trump Calls Off Houthi StrikesOne of the main reasons behind today’s crypto rally is the sharp drop in oil prices. Brent crude fell 2.80% to around $101 a barrel, easing fears of higher inflation pressure.
The decline came after U.S. President Donald Trump called off planned strikes on Houthi positions in Yemen at the last minute. The Pentagon had earlier prepared for the operation after a request from the Saudi crown prince, but the strikes were cancelled before they began.
Trump decided not to launch U.S. strikes on the Houthis in Yemen, reversing course after the Pentagon had already prepared for the operation.
After Saudi Crown Prince Mohammed bin Salman urged him to intervene, Trump ordered the Pentagon to prepare airstrikes. But by Sunday, he… pic.twitter.com/1LqNwSzTwS
— Clash Report (@clashreport) September 21, 2026 Following the decision, Yemen’s Houthis said they would not attack U.S. vessels in the Red Sea. The statement further reduced concerns about a wider conflict that could disrupt oil supplies.
Short Liquidations Add Fuel to the Crypto RallyAnother major reason behind today’s crypto rally is the wave of short liquidations. Over the past 24 hours, 115,490 traders were liquidated, with total liquidations reaching $769.80 million. Short positions accounted for an 85% share of the losses, around $647 million.
Bitcoin led the liquidations with $421.5 million, while Ethereum followed with $180.31 million. In the latest hour alone, liquidations reached $634.62 million, with about 84% coming from short positions.
Bitcoin, Ethereum, XRP and Solana SurgeFollowing the surge, Bitcoin climbed to $85,000, its highest level since January, gaining 5.57%.
Ethereum also jumped 5.80% to $2,720, while XRP surged 8.58% to $1.49. Solana followed with a 7.55% gain, reaching $116.26.
Are Altcoins Outperforming Bitcoin?Bitcoin dominance has risen slightly to 58.94%, while the CMC Altcoin Season Index stands at 51/100. The index has climbed 35% over the past week, showing stronger interest in altcoins, although it remains below 75.
As Bitcoin led, capital rotated into higher-beta altcoins. Tokens like NEAR Protocol have gained around 20%, while TAO, SUI, AVAX, HBAR, and ADA have all risen more than 10%.
The rally now faces another test with the U.S. PCE inflation report due September 26. Continued weakness in oil prices could support crypto if it helps ease inflation concerns.
Story Ends Here
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A surge of large-scale XRP accumulation has sparked renewed interest in the cryptocurrency, as market data reveals that major holders—commonly referred to as whales—have added 1.54 billion XRP to their portfolios over a 96-hour period. This influx is valued at approximately $2.2 billion.
Whale accumulation signals bullish intentCrypto analyst Ali Martinez shared data showing a marked increase in whale activity on the XRP network. On-chain records indicate that wallets with substantial XRP balances executed these acquisitions in a distinctly compressed timeframe, diverging from more typical, gradual accumulation patterns.
Martinez emphasized the significance of this buying spree, suggesting it may precede increased price volatility or even a bullish breakout for XRP. His analysis highlights how concentrated whale accumulation tends to absorb available supply, potentially altering market dynamics by reducing the circulating float on exchanges.
Ali Martinez drew attention to the magnitude of recent whale buys, noting the $2.2 billion spike as a “significant accumulation” that has historically foreshadowed notable price movements for XRP.
Beyond Martinez’s observations, on-chain analysis has identified related developments in leveraged trading positions. One individual wallet on Hyperliquid reportedly established a long position in XRP valued at $51.10 million, leveraging the trade 10 times with an average entry price of $1.2533, and currently holding $11.51 million in open profit.
Technical patterns and exchange outflowsXRP’s price chart is reportedly shaping into an inverse head and shoulders structure—an indicator many technical analysts associate with potential bullish reversals. This formation, along with accumulating whale positions, is drawing attention among traders anticipating upward price movement.
Recently, a substantial exchange outflow occurred when 231 million XRP was transferred away from Binance—the largest single withdrawal from the platform in the past six months. Analysts interpret such outflows as a sign of whales moving tokens to self-custody, which often coincides with expectations of longer-term holding or strategic repositioning.
Analysis of on-chain activity reveals that when high-value wallets accumulate XRP at this pace, the reduced token availability on public exchanges can shift market sentiment and fuel speculation over potential price action.
Broader market trends and investor behaviorOn Coinbase, whale order book activity indicates large buy clusters at current price levels. Industry analyst Steph Is Crypto has noted that some Coinbase whales are targeting price objectives as high as $33 for XRP, aligning their positions with recent accumulation trends identified by Martinez.
Monitoring technical formations such as contracting triangles and key support or resistance levels remains important for market participants. In the meme token space, trends can be even more rapid and unpredictable. Data from Fomo App illustrates this point with an example where a $99 investment in the meme token “Niu Lai” grew to approximately $370,000, showcasing how quickly internet trends can create significant movements. Tools like Fomo App, which combines token discovery with social feeds, investor rankings, and trade notifications, have become increasingly valuable for tracking not only prices but also the timing and choices made by influential investors.
As significant accumulation events and technical indicators line up, investors are closely watching XRP for signs of a breakout or sustained momentum shift driven by the recent surge in whale interest.
Dom Kwok, co-founder of the blockchain education platform EasyA, sparked significant discussion in the crypto community after claiming that $1,000 for XRP is “more likely than ever.” Although Kwok did not mention XRP explicitly in his social media post, his established reputation for strongly backing XRP made the intended reference apparent to many observers.
Kwok’s conviction on XRP’s futureKwok has routinely predicted that XRP, the cryptocurrency developed by Ripple, could reach $1,000 by 2030. In his latest post, he reiterated this view, stating that the prospect is “more likely than ever.” The message attracted hundreds of thousands of views and garnered widespread reactions from XRP holders and traders.
Earlier this year, Kwok commented on reports that Goldman Sachs had accumulated over $150 million in XRP-backed exchange-traded funds. With a previous career at Goldman Sachs, Kwok’s background lent credibility among some investors. In March, he responded to the institution’s ETF holdings by remarking, “No such thing as a coincidence,” reinforcing his belief in XRP’s long-term potential.
Kwok has also argued that entry price is irrelevant for those who share his ambitious target, emphasizing a long-term conviction in XRP rather than focusing on short-term price movements.
XRP’s performance in late August briefly fueled optimism behind his projection, as the cryptocurrency jumped from close to $0.99 to a peak of $1.68, gaining more than 50% in less than two days. Following this rally, Kwok suggested that “the most hated rally is about to begin,” maintaining that his long-term outlook for XRP has not changed.
Kwok’s posts about XRP price targets have drawn both enthusiasm and skepticism, with the community closely following his predictions and market calls.
Mini dictionary: EasyA, a blockchain-focused educational app and community platform, aims to lower barriers to learning about cryptocurrencies, smart contracts, and Web3 development.
Responses to Kwok’s latest statement ranged from support to outright skepticism. Some XRP holders stated that his comments inspired them to add further to their positions, while others speculated that the price could potentially climb even beyond the $1,000 target.
Not all community members shared Kwok’s optimism. A number of commentators questioned the logic behind the $1,000 goal, raising concerns about the feasibility of such a dramatic price increase within the given time frame. Others cited current market cap calculations or suggested more modest targets, such as $3 to $4, would be more realistic, with $20 already appearing as a stretch for XRP.
Several users urged Kwok to maintain his credibility, warning against setting unrealistic targets and drawing comparisons to other influencers who made exaggerated claims that did not materialize.
Ongoing debate on price targetsKwok’s advocacy for a $1,000 XRP has become a focal point in ongoing debates within the crypto community, with reactions highlighting the divide between long-term holders and skeptics. While supporters welcome bold predictions as motivating, others highlight the importance of careful analysis and caution regarding price forecasts for digital assets.
One user suggested that while $1,000 remains a remote possibility, seeing $3 or $4 would already be a significant milestone for the token in today’s market conditions.
No significant change in Kwok’s public stance on XRP’s long-term potential has been observed, and his recent post indicates that he remains confident about his vision for the asset as 2030 approaches.
XRP is trading at $1.41, roughly flat on the day but still up 2.9% over the past week, as experts weigh a mix of weakening technical signals and rising geopolitical tension heading into the new week.
A Failed Breakout Attempt
Earlier this week, XRP rallied toward $1.45, pushing into the top of its recent trading range. But the token failed to break above a key resistance level and has since slipped back below $1.41, an important line within its broader range. That kind of fakeout, rallying just above resistance before falling back below it, is often read as a bearish technical signal.
XRP Is Losing Ground Against the Broader Market
Looking at how XRP is performing relative to Bitcoin, the picture looks worse. XRP had dipped below its recent trading range, briefly recovered back into it on Friday, but then got rejected and slipped below the range again. One expert following the chart called this a pattern he’s seen many times before, and it’s rarely a good sign.
Order Flow Is Leaning Slightly Bearish Too
Market positioning data shows a wave of new short bets building up since September 18, though those shorts haven’t been forced to close yet since funding rates remain positive. Overall, order flow is being described as neutral to slightly bearish, not screaming danger, but not offering much support either.
Why Geopolitical News Adds to the Caution
Beyond the charts, rising geopolitical tension is adding another layer of uncertainty. The analyst said that the fear in the market isn’t automatically bad for trading opportunities, some of the best trades happen during fearful periods, but that logic works best when prices have already dropped significantly. Right now, XRP has just rallied to the top of its range, meaning fresh bad news landing at these levels is a bigger risk than if it had come after a deeper pullback already.
What The Week Ahead Could Look Like
Taking all three signals together, weaker technical structure, cautious order flow, and rising geopolitical uncertainty, the more likely path for next week is continued sideways trading with some downward pressure, rather than an immediate rally toward higher levels.
Support is expected first around $1.36, with a possibility of testing the low $1.30s if selling pressure builds. A move toward $1.51 remains possible down the road, but it now looks less likely to happen quickly than it did just a day earlier.
Story Ends Here
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TLDR: Dom Kwok renewed his $1,000 XRP forecast after meeting the White House Council of Economic Advisers. XRP traded near $1.40 on Sept. 20, with 62.88B tokens circulating and an $87.9B market capitalization. A $1,000 XRP price at the current circulating supply would imply a market capitalization near $62.9 trillion. EasyA also met SEC, CFTC and House lawmakers after the Senate’s 49-50 CLARITY cloture vote failed to advance. EasyA co-founder Dom Kwok has revived his long-standing $1,000 XRP forecast after a series of Washington meetings focused on U.S. crypto policy. Kwok said he met with the White House Council of Economic Advisers before later writing that “$1,000 is more likely than ever.”
XRP commentator Bird then amplified the statement, pointing to the XRP Ledger’s role in tokenization, settlement, and liquidity. However, the price call predates the latest Washington visit.
Huge XRP advocates walk into the White House for meetings, step out, and say $1,000 XRP is more likely than ever.
You need to understand what’s been built guys.
The XRP Ledger was designed for the Internet of Value > tokenization, settlement, liquidity and the movement of value… https://t.co/2Av5WgSYiS
— Bird (@Bird_XRPL) September 20, 2026
Kwok previously said XRP could reach $1,000 around 2030, citing institutional adoption and clearer regulation. He and EasyA co-founder Phil Kwok repeated the projection earlier this year, making the latest comment a renewed endorsement rather than a new target.
Washington Crypto Talks Intensify After CLARITY Setback The policy context is important as EasyA’s meetings came days after the Senate failed to advance the CLARITY Act on September 15. Cloture failed 49-50, below the 60 votes required, leaving the legislation stalled.
That outcome increased attention on how agencies may shape digital-asset regulation without immediate congressional action. EasyA said Phil and Dom Kwok traveled to Washington to meet the SEC and CFTC.
Dom Kwok also reported meetings with Representatives Bryan Steil and William Timmons. Both lawmakers serve on the House Financial Services Digital Assets Subcommittee, which Steil chairs. Kwok later disclosed the White House Council of Economic Advisers meeting.
Still, no White House statement cited an XRP-specific initiative, and the council did not endorse any XRP price target. The meetings therefore establish policy engagement, not government support for Kwok’s forecast.
XRPL Adoption Grows as $62.9T Valuation Gap Remains The infrastructure supporting Kwok’s thesis has continued expanding across tokenization and settlement. XRPL includes native token issuance, a decentralized exchange, automated market makers, and settlement within seconds.
Institutional use has also broadened. Ondo Finance launched its OUSG tokenized Treasury product on XRPL with 24/7 minting and redemption through RLUSD. Guggenheim Treasury Services later brought digital commercial paper to the network.
Aviva Investors also announced plans in February to tokenize traditional fund structures with Ripple. Even so, the valuation gap remains substantial. XRP traded near $1.40 on September 20, with 62.88 billion tokens circulating and a market capitalization near $87.9 billion.
The comparison places the renewed call against both Washington policy activity and the network’s growing institutional use, while keeping valuation arithmetic separate. At that circulating supply, a $1,000 XRP price would imply a market capitalization of roughly $62.9 trillion.
That figure does not equal required new capital. Instead, it illustrates the scale of repricing needed for Kwok’s forecast to materialize, even as EasyA continues linking its outlook to institutional adoption and regulatory engagement.
EasyA co-founder Dom Kwok has repeated his longstanding forecast of $1,000 for XRP following a series of discussions with federal regulators and lawmakers in Washington, D.C. The meetings included members of the White House Council of Economic Advisers and came at a time of heightened debate over US crypto policy.
Policy talks heat up after CLARITY Act stallsDom Kwok and his brother, EasyA co-founder Phil Kwok, visited the capital for several high-profile meetings shortly after the US Senate failed to move forward with the CLARITY Act. On September 15, the act fell one vote short of the 60 required for cloture, leaving federal crypto policy in a holding pattern and shifting attention to regulatory agencies.
During their trip, the Kwok brothers also met with key figures from the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and members of the House Financial Services Digital Assets Subcommittee, including Representatives Bryan Steil and William Timmons. Steil currently serves as subcommittee chair.
Although the White House Council of Economic Advisers received the delegation, it made no public statement regarding XRP or any price targets for the token. No government official or agency has signaled support or endorsement for Dom Kwok’s $1,000 projection.
Renewed $1,000 XRP forecast amid ongoing network developmentKwok has discussed a $1,000 XRP valuation dating back to at least 2023, citing potential for institutional adoption and improved regulatory clarity by 2030. While the most recent meetings have brought those views back into focus, the core premise remains unchanged: Kwok argues that broader institutional use, combined with a favorable policy environment, could drive dramatic changes in XRP pricing.
Some XRP advocates pointed to the network’s capabilities in comments following the Washington visits. In one such reaction, an XRP community figure emphasized the importance of understanding the platform’s design and evolution as a foundation for large-scale tokenization, rapid settlement, and liquidity movement.
The XRP Ledger was designed as the Internet of Value, supporting tokenization, instant settlement, and robust liquidity. With increased institutional interest and advancing regulatory discussions, advocates see growing potential for the network’s adoption.
The XRPL ecosystem has expanded across multiple fronts. Projects like Ondo Finance have launched tokenized US Treasury products on the platform, offering continuous minting and redemption. Guggenheim Treasury Services and Aviva Investors have also integrated the XRP Ledger into their digital asset strategies, signaling increased institutional traction.
Despite these developments, XRP traded near $1.40 on September 20, circulating 62.88 billion tokens for a total market capitalization of $87.9 billion. Achieving the $1,000 price forecast at that supply would push the market cap close to $62.9 trillion, a figure vastly higher than today’s global crypto asset market values.
A $1,000 XRP price with the current number of tokens in circulation would require a $62.9 trillion market capitalization, making the forecast a significant leap from today’s valuation benchmarks.
Kwok maintains that such a market cap does not equate to an influx of equivalent new capital but highlights the scale of repricing necessary for this scenario to occur. The outlook remains tied to a combination of institutional interest and an improving US regulatory stance.
Monitoring network trends, investor behavior, and emerging technology is particularly vital in fast-moving segments such as meme tokens. In the meme token space, internet-driven trends can rapidly generate millions of dollars in market activity. Fomo App data recently showed a “Niu Lai” trade that turned an initial $99 investment into approximately $370,000, exemplifying the volatility and opportunities in this sector. Success in this market often depends on timing and token selection, making it essential for investors to not only track price but also stay alert to market movements and peer strategies. Fomo App positions itself as a one-stop platform, combining token discovery, trading, social feeds, investor rankings, and real-time notifications, and aims to facilitate investor engagement in the meme token field.
XRP investor Edo Farina has outlined why he continues to buy and favor XRP, citing Ripple’s established financial infrastructure and its potential significance in the broader adoption of blockchain technology.
RippleNet as the groundwork for adoptionIn a recent post on social media, Farina shared a video in which the speaker offered an analogy tying Ripple’s role in the financial sector to the practicality of transportation infrastructure. The speaker explained that just as people would not invest in cars if roads did not exist, financial institutions need reliable infrastructure to facilitate the adoption of new technology.
According to the speaker, Ripple has built a network that functions like roads connecting towns and cities, improving the flow of value between financial institutions. The analogy positions RippleNet as the underlying system that makes efficient movement possible, while emphasizing that this foundation is central to the future integration of digital assets.
The speaker then compared XRP to the car that could travel seamlessly on the roads Ripple has constructed. This framework, he suggested, illustrates why XRP could play an increasingly important role as blockchain solutions become more widely adopted.
The speaker described RippleNet as the set of roads and XRP as the car designed to use them, asserting that Ripple’s infrastructure could facilitate growth in the use of digital assets across the financial sector.
The relationship between XRP, RippleNet, and institutional adoptionThe video also explored the argument that banks and other institutions might make use of RippleNet without necessarily adopting XRP. The speaker acknowledged that many organizations already leverage RippleNet’s infrastructure, but posited that the expansion of blockchain within financial systems may prompt a greater reliance on digital assets like XRP.
He pointed out that since Ripple owns and maintains the metaphorical “roads,” XRP, as an asset, is uniquely positioned to benefit as new use cases emerge within Ripple’s established network.
The discussion emphasized the idea that institutions could ultimately turn to XRP when seeking a digital asset compatible with Ripple’s infrastructure, particularly as blockchain use advances in the industry.
Long-term outlook for XRPFarina’s commentary focused less on the immediate price action and more on how existing infrastructure can guide the selection of digital assets by institutions. The video concluded by reinforcing the analogy, asking which vehicle users would prefer once the necessary roads are already in place—implying that XRP stands out as a logical choice if blockchain incorporation continues to grow.
The narrative draws on Ripple’s ongoing efforts to create industry connections and build a foundation for potential adoption of XRP in future payment systems.
Monitoring technical signals, investor movements, and potential timing in the digital asset sector has become increasingly important. In the context of meme tokens, rapid shifts fueled by internet trends can lead to significant returns for early participants. Fomo App reported that a $99 trade in the “Niu Lai” meme token recently soared to approximately $370,000 in value, serving as a vivid example of the volatility and opportunity in this market. Tools like Fomo App, which offer social feeds, real-time investor rankings, and trade notifications, are becoming popular for those looking to navigate these fast-changing environments and capture similar opportunities.
Volatility Shares has postponed its proposed 3x XRP ETF, pushing the effective date to October 18, 2026. This development provides traders in XRP, a major digital asset in the crypto market, with a new regulatory milestone to monitor but does not guarantee the fund will launch or begin trading on that date.
Details of regulatory filingA regulatory document submitted on September 18 designates October 18, 2026 as the updated effective date for Volatility Shares’ registration statement related to the 3x XRP ETF. The filing clarifies that its sole objective is to delay the already amended registration covering the 3x leveraged fund, rather than signal a definitive trading start.
This distinction is important in an environment where new ETF filings, approval dates, and launch announcements are often confused. Currently, the market for XRP exchange-traded funds includes both spot and leveraged products, contributing to occasional misinterpretations of regulatory updates as go-live announcements.
Expansion of leveraged XRP productsVolatility Shares already provides multiple XRP-based ETFs, among them a standard spot ETF and the XRPT 2x leveraged fund. These offerings underscore that the prospective 3x ETF would add to an established suite of products rather than mark Volatility Shares’ first foray into XRP-related investments.
Leveraged ETFs are structured to amplify the daily returns of their underlying assets by a set factor. In the case of a 3x ETF, the fund seeks to deliver approximately three times XRP’s daily movement, recalibrating exposure each trading day. This daily reset means the actual outcome over longer periods can diverge significantly from the expected multiple, particularly in turbulent markets.
Mini dictionary: Leveraged ETF – An exchange-traded fund designed to multiply the daily performance of an underlying asset, such as 2x or 3x, by using derivatives and debt. Over multiple days, performance may vary substantially due to compounding effects and volatility risks.
For example, if $XRP gains 5% in a single session, a perfectly tracking 3x ETF would theoretically move about 15% before fees and other influences are applied. However, these amplified returns can also accelerate losses, as the same formula operates in both directions.
ETF TypeLeverageTargeted Daily PerformanceCurrent StatusXRP Spot ETFNoneTracks XRP priceActiveXRPT 2x XRP ETF2x2x daily XRP moveActiveProposed 3x XRP ETF3x3x daily XRP moveFiling delayed to Oct. 2026Market context and institutional interestThe delay for the 3x XRP ETF comes at a time when leveraged exposure to XRP continues to expand in the US. While some proposals, such as a 2x short XRP ETF, remain on hold after several postponements, bullish leveraged products have already reached investors. This highlights ongoing demand for a diverse array of risk profiles for XRP-related funds.
Spot XRP ETFs have attracted roughly $1.7 billion in historical net inflows, despite $XRP’s market price remaining below its all time high. Coinpaper recently analyzed why significant demand for these ETFs has yet to generate a breakthrough in price levels.
Spot XRP ETFs have seen approximately $1.7 billion in net inflows, but the token continues to trade well beneath its former record value.
Institutional investors are broadening their exposure as well. Morgan Stanley, a leading global financial services firm, has previously disclosed positions in XRP-linked ETFs, including products from Volatility Shares. Competitors in the market continue to offer a mix of leveraged and income-focused ETF options to meet institutional and retail client demand.
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The amount of XRP destroyed by transaction fees has increased significantly, according to XRP Ledger data, which presents an intriguing shift in network activity as XRP tries to escape its current consolidation.
Is XRP burn rate relevant?According to the most recent XRPL data, 771.7 XRP were burned as fees, which is an 84.3% increase over the prior comparable period. Every transaction on the XRP Ledger slightly lowers the amount of XRP in circulation because transaction fees are permanently destroyed rather than paid to validators.
XRP/USDT Chart by TradingViewAn 84% increase should not be seen as a significant supply shock because the absolute amount is still very small in comparison to XRP's massive supply. What the rise indicates about network activity and fee consumption is the more pertinent signal.
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It is interesting to note that the burn surge coincides with a number of headline activity metrics that are declining. Successful transactions decreased by 6.5% to 1.6 million, total transactions decreased by 5.6% to 2.2 million, and payments decreased by 7% to roughly 759,200.
Burn rate surges substantiallyThis divergence increases the significance of the burn-rate increase. Despite a decrease in overall transaction and payment activity, the XRP Ledger is destroying significantly more XRP in fees. The change implies that fee expenditure per unit of activity has increased significantly, rather than simply reflecting network-wide transaction growth.
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In the meantime, XRP's price is approaching a crucial technical juncture. XRP is currently trading at about $1.38, just below a declining resistance line that formed from the August peak. The psychological $1.40 level and that trendline now converge, forming a distinct short-term barrier.
The pattern of falling local highs would be broken by a confirmed move through $1.40–$1.42, which could reopen $1.45 and then the $1.50–$1.52 area. Support is still concentrated between $1.34 and $1.35, where the long-term moving average is presently located. The next crucial defensive area is between $1.28 and $1.30 below that.
Therefore, the increase in burn does not produce scarcity that can move XRP on its own. However, the abrupt divergence between significantly higher fees burned and weaker headline activity represents a significant change in XRPL's recent on-chain profile, which coincides with XRP testing its declining resistance.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP holders using the DCENT App Wallet are urged to take immediate security precautions according to a recent X update by the Korean wallet provider.
As reported, DCENT detected abnormal transfers involving its software-based App Wallet and launched an investigation that identified potential impact across several networks, including XRP Ledger (XRPL).
In a post, DCENT urges App Wallet (software wallet) users to take action now. They are urged to update the DCENT app to v10.0.0 first and then run "Check if action is needed" and follow the result shown in the app.
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DCENT App Wallet (software wallet) users: please take action now.
Update the app, check whether action is required, and move your assets if needed.
Please share this notice with anyone who may still be using the App Wallet. https://t.co/DScmkYb6qO
— DCENT Wallet (@DCENTWALLETS) September 20, 2026 Specifically, this applies to users who use the DCENT App Wallet (software wallet) or have ever entered or restored their hardware wallet recovery phrase in the App Wallet.
DCENT noted that the most important step now is to prevent further damage by moving assets out of the DCENT App Wallet (software wallet) to a secure wallet.
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Users should not make any transactions through the App Wallet before updating. They should move their assets to a wallet created with a new recovery phrase and never reuse the old recovery phrase.
In the wake of the incident, DCENT continues to send out scam warnings, saying it has separate support accounts on X and no official Telegram or Discord support channels. Also, it will never request a recovery phrase, wallet key, or PIN, or instruct users through a direct message to transfer funds.
9.3 million XRP stolenIn an update shortly after the unauthorized transactions were flagged, DCENT highlighted user addresses that might be affected by the incident.
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This includes addresses whose recovery phrase was at some point entered into the DCENT App Wallet; addresses that have a history of sending (signing), including token and NFT transfers, token approvals, and dApp transactions; the signing took place on an app version below 8.1.0 (released 2025-11-05); and the address is on Bitcoin, Ethereum, XRP Ledger, TRON, an EVM-based network, or another potentially affected chain.
A recent update by the XRPL intel X account identifies 6,160 potential victim addresses and 9.3 million XRP stolen.
The tracked funds are mixed with XRP received from other sources: 2 million XRP are held in tracked wallets, while 7 million XRP were sent to unidentified services.
Two wallets have been identified where issued tokens stolen from D'CENT App users were collected: one holds RLUSD, and another holds multiple XRPL-issued tokens.
Token issuers have been urged to freeze the affected trust lines to prevent the scammers from moving these assets, which will apply to RLUSD in this case.
TLDR: Saudi Arabia ended its mBridge proof of concept on May 13, 2025, after joining as a full participant in 2024. Riyad Bank’s Jeel unit is exploring Ripple for payment corridors, digital asset custody, and tokenization. Neither SAMA nor Jeel has linked the mBridge exit to XRP, RLUSD, or a replacement cross-border payment plan. SAMA first partnered with Ripple in 2018, while Saudi British Bank later used Ripple for India transfers. Saudi Arabia has ended its participation in mBridge, the China-linked wholesale CBDC project designed to improve cross-border settlement between banks. The move became public on September 20, 2026, but the Saudi Central Bank said the decision followed an earlier participation plan.
SAMA said it completed its proof of concept on May 13, 2025, marking the end of the kingdom’s planned experiment. The central bank joined mBridge as a full participant in June 2024 after previously observing the network.
JUST IN: 🇸🇦🇨🇳 Saudi Arabia withdraws from China's blockchain payment system designed to reduce reliance on the US dollar and SWIFT.
• Saudi Arabia withdrew from mBridge, China's blockchain-based cross-border payment project.
The exit coincides with separate blockchain work involving Riyad Bank and Ripple, creating a broader picture of Saudi payment experimentation. However, no available evidence links the withdrawal to XRP, RLUSD, or a replacement strategy built around Ripple.
Saudi Arabia Ends mBridge Participation After Planned CBDC Trial mBridge supports direct cross-border payments and foreign-exchange transactions using wholesale central bank digital currencies. Its distributed ledger was designed to reduce settlement friction between participating commercial banks.
The network reached minimum viable product status in 2024 and could process real-value transactions where participating jurisdictions were ready. Its structure could also reduce reliance on correspondent banks and intermediary currencies during cross-border settlement.
Still, the Bank for International Settlements described the project as a payment-efficiency initiative rather than a BRICS system designed to bypass the dollar or sanctions. The BIS itself left in October 2024 after four years of involvement.
Then-General Manager Agustín Carstens said the organization had “graduated out” and rejected suggestions that political concerns drove the decision. SAMA used a similarly operational explanation, saying its participation ended after the planned proof of concept.
Riyad Bank Tests Ripple for Payments, Custody and Tokenization Meanwhile, Riyad Bank is examining other blockchain applications through Jeel, its innovation and technology arm. In January, Jeel signed an agreement with Ripple covering payment corridors, digital asset custody, and tokenization.
The two sides also planned proofs of concept through Jeel’s regulatory sandbox. The arrangement extends earlier Saudi blockchain testing rather than replacing the central bank’s mBridge work.
SAMA had already partnered with Ripple in 2018, allowing domestic banks to test xCurrent for cross-border payments. Saudi British Bank later launched a Ripple-powered transfer service after testing payments to India.
Yet neither Jeel nor SAMA has said the latest collaboration involves XRP or RLUSD. Jeel’s announcement referred to Ripple’s broader blockchain technology without naming either asset.
A separate Saudi-XRP link also remains outside government policy. Prince Abdulaziz bin Turki Abdulaziz Al Saud led VivoPower’s $121 million private placement for an XRP-focused treasury strategy in May 2025.
That transaction was a private investment, not a central bank decision. Together, the developments show parallel experiments in digital settlement, not evidence that one system is replacing another.
South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb, have recorded remarkable trading volumes in some altcoins over the past 24 hours. A combined analysis of data from both exchanges reveals that XRP, Gravity (G), and Ethereum (ENA) in particular have attracted significant interest from South Korean investors.
According to Upbit and Bithumb data, XRP’s total trading volume in the last 24 hours reached approximately $213.8 million. This makes XRP the altcoin with the highest trading volume by far on these two major South Korean exchanges.
XRP was followed by Gravity (G) with a total volume of approximately $119.6 million. The majority of G’s trading volume came from Upbit, while Bithumb also saw over $16.5 million in volume.
Ethereum (ENA) ranked third on the list, reaching a total trading volume of $72.1 million across two exchanges. Volumes exceeding $50 million were also recorded on both Cap (CAP) and Derive (DRV) platforms.
The total trading volume of the most prominent altcoins on Upbit and Bithumb over the last 24 hours is as follows:
XRP – $213.8 million Gravity (G) – $119.6 million Ethereum (ENA) – $72.1 million Cap (CAP) – $58.2 million Derive (DRV) – $57.1 million Ondo (ONDO) – $49.4 million Zilliqa (ZIL) – $47.6 million Bifrost (BFC) – $39.1 million Solana (SOL) – $38.6 million Avalanche (AVAX) – $34.3 million Zama (ZAMA) – $30.5 million Celer Network (CELR) – $27.2 million MultiversX (EGLD) – $23.4 million Worldcoin (WLD) – $16.8 million Lorenzo Protocol (BANK) – $16.1 million Dogecoin (DOGE) – $7.1 million *This is not investment advice.
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Circle CEO Jeremy Allaire expressed optimism that the CLARITY Act could eventually be approved by lawmakers, despite its recent failure to advance through a crucial cloture vote in the United States Senate. His comments have drawn attention among industry watchers, especially in the XRP community, as Congress weighs the future of digital asset regulation.
Allaire compares CLARITY Act path to GENIUS ActSpeaking on CNBC’s Squawk Box, Allaire drew a parallel between the current situation of the CLARITY Act—which seeks to provide a clearer regulatory framework for digital assets—and the earlier legislative journey of the GENIUS Act. Although the GENIUS Act failed its initial cloture vote, lawmakers later went on to pass the bill after further negotiation.
“If you remember, like the GENIUS Act, it failed cloture vote too, right? And it was like, oh my God, what are we going to do? And then weeks later, it passed,” Allaire said. He also acknowledged that the fate of the CLARITY Act remains uncertain, explaining that a resolution will require lawmakers to address a small number of outstanding issues.
Allaire stopped short of guaranteeing the bill’s passage, describing the situation as fluid while discussions in Congress continue. His remarks have sparked debate, especially on social media, where observers argue that legislative precedent could favor supporters of the CLARITY Act in the coming weeks.
Allaire commented that, while the outcome of the CLARITY Act is still unknown, prior experience with the GENIUS Act shows that the legislative process can progress after initial setbacks.
Mini dictionary: Cloture vote, a procedure in the U.S. Senate used to end a filibuster or bring debate to a close, allowing a bill to proceed to a final vote. Reaching cloture typically requires a qualified majority.
GENIUS Act establishes framework for digital dollarsIn addition to his remarks on the CLARITY Act, Allaire outlined the significance of the GENIUS Act in establishing a federal legal foundation for digital dollars. The GENIUS Act, now federal law, introduces a regulated framework for blockchain-based digital dollars and is set to take effect within months. According to Allaire, this development integrates such digital assets into the global financial system under a clear legal regime.
Allaire also pointed out that U.S. firms and capital markets continue making progress on digital asset initiatives. He emphasized that companies are adapting to the emerging legal standards and broadening their participation both domestically and internationally.
Allaire said that with the passage of the GENIUS Act, blockchain-based digital dollars now function under federal rules, forming part of the wider global financial infrastructure.
The ongoing debate around the CLARITY Act has generated particular interest within the XRP community. Online commentator JackTheRippler cited Allaire’s perspective to support his own expectation that the bill will eventually pass, pointing to the GENIUS Act’s prior experience with a failed cloture vote. He stated that regulatory advances depend on both acts, arguing that the GENIUS Act holds limited value without the additional clarity provided by the CLARITY Act.
Other community members, such as RIPPLE LORD and XRP HERALD, agreed that a failed cloture vote does not mark the end of legislative progress for a digital asset bill. They highlighted that U.S. congressional procedure allows bills to be revisited after setbacks.
While Allaire refrained from making definitive predictions, his remarks have given fresh momentum to conversations about digital asset regulation in the United States. Supporters now look to Congress to resolve remaining issues with the CLARITY Act in upcoming sessions.
The XRP Ledger has recorded a notable surge in the amount of XRP destroyed as transaction fees, even as overall on-chain activity, including payments and transaction counts, continues to decline.
Sharp rise in burned XRP feesRecent data from the XRP Ledger reveals that 771.7 XRP were burned over the latest measured period. This marks an 84.3% increase compared to the previous period, signaling a significant uptick in fee destruction relative to network activity.
Each transaction on the XRP Ledger requires a small amount of XRP, which is permanently destroyed rather than awarded to validators, incrementally reducing the circulating supply. While the latest burned amount remains minor in the context of XRP’s vast total supply, the sudden increase in XRP burned per unit of activity provides a more telling indication of network dynamics.
Decline in network activity metricsAt the same time, several headline network metrics have shown declines. Successful transactions dropped 6.5% to 1.6 million, overall transaction volume decreased 5.6% to 2.2 million, and payments fell 7% to around 759,200 over the same period.
This trend suggests a divergence: even as fewer transactions occur, the amount of fee expenditure per transaction has increased. The change may reflect shifts in transaction types, fee adjustments, or evolving on-chain behavior by network participants.
The XRPL’s recent period featured a sharp increase in burned fees, with 771.7 XRP destroyed—a rise of 84.3% over the previous interval—even as successful transactions and payments declined. This anomaly signals that fee expenditure per transaction has spiked, rather than reflecting broader growth in activity.
Key price resistance levels approachedMeanwhile, XRP trades near a pivotal technical resistance. Current prices hover around $1.38, just beneath a downward-sloping resistance line that has capped gains since the peak reached in August. This trendline converges with the psychological $1.40 level, forming an important short-term barrier for the asset.
A sustained move above the $1.40–$1.42 range could set the stage for tests of higher resistance at $1.45 and the $1.50–$1.52 region. On the downside, immediate price support is observed between $1.34 and $1.35, near the long-term moving average, with the next major support spanning $1.28 to $1.30.
With these technical levels in focus, market participants continue to monitor both changes in XRP’s on-chain activity and pricing. To anticipate future trends, investors are not only tracking consolidation patterns and resistance tests but also the evolution of fee dynamics and transaction costs.
This combination of shifting technical resistance and increased fee-related burns mirrors recent trends seen in the meme token market, where sudden internet phenomena can generate millions of dollars in trading within days. Data from Fomo App highlights a standout case: a trade involving the meme token “Niu Lai,” where a $99 stake was turned into roughly $370,000. Monitoring both investor timing and token selection is considered vital in such markets. Fomo App integrates token discovery, trading, investor rankings, and real-time trade notifications on a single platform, enabling users to follow meme token trends alongside visible investor activity.
Despite the notable rise in burned XRP fees, analysts indicate that the relatively small quantities destroyed remain insufficient to create immediate scarcity or drive pricing alone. The development does, however, mark a significant departure from previous on-chain trends, as the fee burn rate increases sharply in contrast with weaker overall network activity.
How these trends evolve may impact sentiment around XRP, especially as the token approaches significant resistance levels and faces shifting transaction economics on its native ledger.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP Ledger is counting down to a major payments upgrade, with Batch V1.1 now in its two-week activation window and about nine days left for it to arrive on the mainnet.
Batch V1.1 is a replacement amendment that ships the corrected Batch implementation in xrpld v3.3.0 and achieved majority (above 80% support) on September 15.
The XRP Ledger's amendment system uses a consensus process to approve changes that affect transaction processing. If an amendment gets over 80% support for two weeks, it passes and the change applies permanently to all subsequent ledger versions.
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Batch V1.1 is currently fulfilling this requirement, now at 85.71% consensus. Based on data from xrpscan, Batch V1.1 is expected to activate no earlier than Sep 29, 2026 at 2:06 PM UTC, if support holds at or above 80% during the activation window.
Next big payment upgrade for XRP?Batch (XLS-56) allows multiple XRPL transactions from multiple accounts to be executed atomically in a single ledger close. If an inner transaction fails in the all-or-nothing mode of the feature, the entire batch is rolled back. This simplifies a variety of atomic activities and serves as the foundation for multi-party coordination on the XRPL, including atomic swaps, coordinated settlements, and any workflow in which two or more parties must proceed in lockstep without relying on trust.
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Batch is required or serves as an accelerant for several high-value XRPL use cases already under contract or in active pipeline, such as atomic multi-party settlements.
Institutional workflows (custody transfers, DvP settlement, and cross-border payment finalization) require two or more accounts to act simultaneously. Batch eliminates the need for trust in execution ordering, thereby removing a category of race conditions and partial-execution concerns.
Batch allows for the native implementation of programmatic chain patterns (such as multi-call, atomic bundles, and flash loans) on XRPL without the need for smart contracts, lowering the barrier to entry for new builders. Batch also allows DEXs, wallets, and marketplaces to monetize the transactions they execute by bundling the base transaction (such as a payment) with a platform fee.
XRP is approaching a crucial decision zone after nearly a decade of price consolidation, according to technical analysis shared by EGRAG CRYPTO. The analyst points to a notable confluence of moving averages, Fibonacci retracement levels, and a falling wedge formation on XRP’s monthly chart, which collectively shape expectations for the asset’s next significant move.
EMA confluence shapes price structureEGRAG CRYPTO highlights the importance of three exponential moving averages (EMAs)—the 21 EMA, 50 EMA, and 100 EMA—on the monthly timeframe. Historically, the 100 EMA has marked cycle bottoms, with price support reliably forming at that level. At present, the 50 EMA continues to act as a foundation, keeping the structure from breaking down. The analyst considers the 21 EMA the primary threshold yet to be reclaimed, which would mark a potential bullish breakout.
Observing recent price data, XRP is currently trading at $1.4114. Despite maintaining price action above the 50 EMA, EGRAG CRYPTO notes that the bullish confirmation remains elusive. According to the analyst, reclaiming the 21 EMA is critical before considering a shift toward a sustained upward trend.
Technical analysis is not about certain outcomes, as financial markets behave chaotically and often nonlinearly. The primary objective is to identify critical levels where the probability of a significant move begins to shift.
Key triggers for a bullish scenarioEGRAG CRYPTO outlines three essential conditions that must be satisfied to confirm a bullish outlook for XRP. First, the asset needs to secure a close above the 21 EMA on the monthly chart. Second, price action must convincingly break out and close above the upper boundary of the falling wedge pattern. Third, XRP must reclaim the Fibonacci 0.382 level, which sits between $1.63 and $1.65.
The analyst emphasizes that only when all three triggers align does the probability “shift heavily toward an upside breakout.” These requirements individually carry weight, but together they mark a confluence considered essential for a reliable trend reversal.
Within technical trading circles, analysts are also watching the timing and formation of contracting patterns on charts. This approach mirrors strategies in the meme token market, where sudden online trends can spark large-scale movements across tokens. Recent data from Fomo App, for example, illustrates how an investor transformed a $99 outlay in “Niu Lai” into $370,000. Monitoring both timing and token selection often proves vital, and Fomo App combines discovery, trading tools, and social feeds to track these rapid developments.
Bearish potential and Fibonacci targetsDespite outlining upside triggers, EGRAG CRYPTO maintains that downside risks remain. If XRP closes below the 50 EMA on higher timeframes, the probability of revisiting the 100 EMA increases. The analyst highlights that during the previous cycle, XRP tested the 100 EMA three times, whereas only a single touch has occurred in the current cycle.
Looking at potential bullish outcomes, the chart’s Fibonacci levels indicate targets at $2.4785 (0.702), $3.6692 (1.0), and ultimately $8.2782 (1.618 extension). Realizing these projections depends on securing bullish confirmation via the triggers previously mentioned.
Probability and investor strategyEGRAG CRYPTO frames his entire analysis with a probabilistic approach, cautioning that technical analysis is designed to capture shifts in probability rather than deliver certain predictions. According to this view, the current development in XRP’s structure does not yet warrant aggressive positioning, but ongoing consolidation is creating the potential for major asymmetric moves.
For the bullish scenario to activate, XRP must close above the 21 EMA, the upper wedge boundary, and the 0.382 Fibonacci zone around $1.63 to $1.65. Securing all three triggers would signal a decisive shift in market sentiment, increasing the probability of an upward breakout toward targets as high as $8.27.
An image circulating on social media recently sparked intense discussion within the XRP community. Crypto enthusiast Paul White Gold Eagle drew attention to a document titled “The Great Sovereign Reset,” which is publicly accessible through the Securities and Exchange Commission’s (SEC) website. His post suggested the document reflected an official SEC stance, prompting mixed reactions and swift scrutiny from other community members.
Document details and authorshipThe file in question is formally identified as SEC Rulemaking Petition File No. 4-867. Submitted by Boyd Roberts of Big Picture Group in August 2025, the petition proposes a new global monetary system built around a gold-oil-XRP structure. According to Roberts, gold would serve as a sovereign reserve anchor, oil as a real-economy transaction layer, and XRP as a bridge asset for liquidity between markets.
Roberts lays out a hypothetical scenario in which the United States would revalue its entire gold reserve of 261.5 million troy ounces and simultaneously acquire a sovereign stash of 10 billion XRP. However, the petition clearly states it does not make any claim that the US government, Ripple, or any central bank has adopted or endorsed this framework. Furthermore, the document notes that the concept of XRP as a central financial bridge remains unproven.
This petition updates a previous version from Roberts. In the original edition, he presented a timeline model that forecasted a likely reset in August-September 2025—a scenario that ultimately did not occur. The revised submission now frames the proposal as a form of scenario analysis instead of making direct predictions.
The author emphasizes that his proposal “does not claim that the United States, Ripple, any central bank or any foreign government has adopted the proposed architecture,” adding that “the selection of XRP remains unproven.”
Regulatory momentum takes center stageBeyond the attention this petition received online, actual regulatory developments now play a more substantial role for XRP and digital assets broadly. SEC Chair Paul Atkins recently affirmed the agency’s commitment to providing transparent guidance to cryptocurrency investors and entrepreneurs. Atkins confirmed that the SEC intends to clarify market rules with or without new legislative action from Congress.
Meanwhile, the Senate failed to secure the required 60 votes to advance the CLARITY Act, a bill that would have introduced formal digital asset regulations. Following the vote, Atkins reiterated the SEC’s willingness to use its existing powers to drive regulatory clarity for the sector.
The Commodity Futures Trading Commission (CFTC) is also active in this regard. CFTC Chair Michael Selig instructed staff to explore the creation of new market structures tailored specifically for crypto assets. Selig proposed the possibility of granting both registered and non-registered digital asset platforms a distinct market designation, further aligning the agency’s agenda with the need for well-defined regulatory frameworks.
These measures, according to both agencies, intend to reduce legal uncertainty for institutions and encourage broader market participation, including through improved custody, brokerage, and capital market integrations.
SEC Chair Paul Atkins stated that the agency is prepared to provide certainty for investors and entrepreneurs in the digital asset sector regardless of congressional developments.
Importance of context and market monitoringWhile speculative scenarios like the Roberts petition garner online traction, industry analysts note that official regulatory action by the SEC and CFTC now has greater influence on XRP’s trajectory. The public docket for rulemaking petitions, including Roberts’ submission, contains thousands of such documents from diverse individuals and organizations. The direction now taken by federal agencies will have more direct implications for both institutional and retail adoption than any independent scenario analysis.
Drawing parallels with trend-driven segments of crypto, industry experts also highlight that technical market monitoring plays a crucial role in multiple sectors. In the meme token market, for example, rapid viral trends can generate multi-million dollar interest within days. Data from Fomo App demonstrates how a single “Niu Lai” trade converted a $99 investment into roughly $370,000. In such highly reactive environments, it’s essential to track not only price action but also investor timing and token selection. Fomo App provides a unified platform for token discovery, trading, social feeds, investor rankings, and trade notifications, facilitating real-time meme token market tracking alongside investor activity.
TLDR: XRP trades at $1.43, up 3.13% in 24 hours and 4.10% over seven days, on $3.41 billion in volume. Ali Charts sees an inverse head-and-shoulders pattern with a $1.55 neckline and a 35% rally target. Large holders accumulated about 1.54 billion XRP, worth around $2.2 billion, over the past 96 hours. XRP price trades at $1.43 at the time of writing, according to Coingecko market data. The token gained 3.13% over the past 24 hours and 4.10% across the past seven days. Trading volume stands at $3,408,218,413 during the same 24-hour period.
Source: Coingecko
Analysts now track a possible inverse head-and-shoulders pattern, a key Fibonacci zone, and rising whale accumulation. Together, these factors point to a test of resistance between $1.45 and $1.55 in the coming trading sessions.
Inverse Head-and-Shoulders Pattern Targets $2 In a post on X, Ali Charts shared a technical view of XRP on the daily chart. According to the analyst, the asset appears to be forming the right shoulder of an inverse head-and-shoulders pattern. The post carried the headline XRP targets $2.
XRP TARGETS $2
On the daily chart, $XRP appears to be forming the right shoulder of an inverse head-and-shoulders pattern.
If the setup continues to develop, I’m watching for a move toward the neckline near $1.55.
That’s the key level.
A confirmed breakout above $1.55 could… pic.twitter.com/HQfEkWiDoj
— Ali Charts (@alicharts) September 18, 2026
The neckline sits near $1.55, which the analyst described as the key level. A confirmed breakout above that mark could validate the pattern. In that case, Ali Charts expects a 35% rally toward $2, and possibly higher.
However, the pattern remains incomplete. Ali Charts noted the setup must continue to develop before a move toward the neckline takes shape. The XRP price currently sits $0.12 below that level. Without a breakout, the pattern stays unconfirmed.
Separately, Ali Charts pointed to a surge in whale activity on the XRP network. The activity spans the past 96 hours. Large holders appear to have accumulated roughly 1.54 billion XRP.
That amount is worth around $2.2 billion. The analyst described the increase as a notable accumulation spike in recent days. According to Ali Charts, such buying could soon translate into price action and a bullish breakout.
$2 BILLION IN XRP BOUGHT BY WHALES
Whale activity on the XRP network has surged over the past 96 hours.
Large holders appear to have accumulated roughly 1.54 billion $XRP, worth around $2.2 billion.
That’s a significant accumulation spike that could soon translate into price… https://t.co/cBssFmv3wQ pic.twitter.com/Ty3ukakDvi
— Ali Charts (@alicharts) September 19, 2026
Both posts come from Ali Charts and focus on a possible bullish breakout. The first outlines the chart pattern, while the second cites large-holder buying. The whale data covers 96 hours, while the pattern appears on the daily chart.
XRP Price Faces Key Fibonacci Zone Analyst ChartNerd offered a separate view based on Fibonacci levels. According to the analyst, XRP is breaking out of its descending resistance structure. The token is also pushing through the 0.382 Fibonacci level.
The next test lies between $1.45 and $1.51, where the 0.5 and 0.618 Fibonacci pockets sit. ChartNerd noted these zones have historically acted as strong decision points.
The XRP price sits just below the lower edge of that range. ChartNerd added that the structure currently favors continuation, though confirmation is key.
Additionally, the weekly chart shows nearly five weeks of tight compression between the 20 and 50 moving averages. The 50-week EMA at $1.51 also comes into play as a critical dynamic level.
ChartNerd said the setup is coiling for a potentially sharp expansion. Decisive weekly closes above $1.51 would support further upside momentum. Conversely, rejection at the Fibonacci levels could send the XRP price back into its range.
The XRP Ledger is approaching a significant upgrade to its payments infrastructure as the Batch V1.1 amendment enters its two-week activation phase. With approximately nine days remaining before it reaches the mainnet, Batch V1.1 continues to hold strong majority backing across the network.
New consensus-backed upgradeBatch V1.1 was introduced to correct the original Batch feature, with the updated amendment included in xrpld version 3.3.0. On September 15, it surpassed the key threshold of 80% support required by the XRP Ledger’s amendment system. This system relies on community consensus, demanding that an amendment remains above 80% support for two consecutive weeks before being permanently integrated into the protocol.
At last count, Batch V1.1 had achieved 85.71% consensus, reflecting broad validator confidence. Data from xrpscan indicates that, provided this support is maintained, the upgrade will activate no earlier than September 29, 2026 at 2:06 PM UTC. If this timeline holds, the change will become a permanent component of all subsequent ledger versions.
Atomic transactions and institutional use casesThe Batch (XLS-56) feature enables the execution of multiple transactions from multiple accounts atomically in a single ledger close. Should any transaction within the batch fail when using its all-or-nothing setting, the entire batch is rolled back. This advancement streamlines atomic operations and ensures participants proceed together, without the need for mutual trust.
Batch is regarded as essential for several high-value XRP Ledger applications, including ongoing contracts and pipeline initiatives like atomic multi-party settlements. The ability to coordinate finalization for actions such as custody transfers, delivery versus payment (DvP) settlements, and cross-border payments is central to many institutional workflows.
By mandating simultaneous actions from two or more accounts, Batch mitigates race conditions and removes concerns about partial execution, improving reliability for enterprise clients.
Building innovations and new revenue modelsBatch further simplifies the development of advanced on-chain patterns, such as multi-call operations, atomic bundles, and flash loans, directly on the XRP Ledger. Crucially, it delivers this without requiring smart contracts, thereby reducing technical barriers for new developers and teams entering the ecosystem.
The upgrade is also poised to open new business models. Decentralized exchanges, wallets, and marketplaces can use Batch to combine core transactions, like payments, with platform fees, offering streamlined and monetizable user flows in a unified step.
Batch allows multiple XRPL transactions from multiple accounts to be executed atomically in a single ledger close, and by using the all-or-nothing mode, any failed transaction within a batch results in the entire group being rolled back, supporting trustless collaboration and advanced workflows.
With the technical trajectory of upgrades like Batch, effective market monitoring tools are increasingly critical for both institutional and individual participants. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
XRP has recently been consolidating between $1.33 and $1.44, a move that caught the attention of cryptocurrency analyst Dark Defender. The analyst believes that the digital asset has established a robust technical setup and points to significant price targets that may be attainable if current trends persist.
The orange resistance line breaksA major development is XRP’s breakout above a persistent orange resistance trendline, which had capped its gains for several weeks. According to Dark Defender, the price has now stayed above this long-standing barrier, opening up the possibility for further upward movement.
“Our 5-Wave Structure is rock solid. XRP is coiling inside $1.33–$1.44 and said bye-bye to the Orange resistance capping the price. A jump towards $1.6992 and $1.8815 at sight,” the analyst emphasized while highlighting the technical importance of current levels.
With the orange resistance behind it, XRP remains positioned within its consolidation range. The analyst marks the immediate resistance at $1.4445, which aligns with the 70.20% Fibonacci extension. This level sits just above the current market price, creating a scenario where sustained momentum could quickly propel prices to the next threshold.
Upside targets and momentum signalsDark Defender has drawn attention to two key price targets for XRP. The first is $1.6992, reflecting a recent chart high, and the second is $1.8815, which represents the 161.80% Fibonacci extension. The analyst’s outlook relies on both the technical breakout and the supporting momentum indicators.
The chart also incorporates an ABC corrective pattern, which recently completed as XRP rebounded toward the $1.44 mark. Momentum data show the Relative Strength Index (RSI) at 57.21, and the signal line at 53.97. These levels signal moderate strength and show a bullish crossover, an event some traders consider pivotal. If sustained, this could provide an additional boost for upward price action.
The current XRP consolidation follows the completion of a 5-wave Elliott Wave structure, signaling exhaustion of the previous trend and laying the foundation for a possible new impulse upward. From the recent low at $0.9852, the asset rallied into the $1.60 range before correcting. This pullback completed Wave (2) of the new sequence, and current moves may indicate the start of Wave (3), typically a strong phase in Elliott Wave theory.
Technical patterns and broader market activityThe analyst’s focus on technical details is echoed in other sectors of the cryptocurrency market, particularly in the meme token segment. Here, technical patterns and breakout moves often coincide with rapid capital inflows and shifts in investor sentiment.
In the meme token market, viral trends can catalyze significant increases in interest and capital within a matter of days. For instance, Fomo App data highlights a trade involving “Niu Lai,” where a $99 investment rapidly grew to approximately $370,000. This reflects the value of continuously monitoring both price action and the strategies adopted by other investors. With features like real-time trade notifications, investor rankings, and social feeds, Fomo App offers a comprehensive platform, combining token discovery and trading and helping participants stay current with meme token movements and community behavior.
XRP traded at $1.43, rising 3.13% in the past 24 hours and posting a 4.10% gain over the past week, according to Coingecko data. In the same period, trading volume reached $3.41 billion, reflecting renewed activity and interest in the token.
Technical pattern targets $2 breakoutAli Charts, a well-followed market analyst, identified a developing inverse head-and-shoulders formation on the XRP daily chart. The neckline of this pattern currently sits at $1.55, positioned as a crucial resistance level. If XRP confirms a breakout above this threshold, the technical projection points to a potential 35% rally toward the $2 mark.
The setup, however, remains incomplete. Ali Charts noted that XRP first needs to establish the right shoulder of the pattern and then attempt to close decisively above the $1.55 resistance before a sustained move can develop. Until that breakout occurs, the bullish structure stays unconfirmed and the price action is likely to remain volatile.
On the daily chart, XRP appears to be forming the right shoulder of an inverse head-and-shoulders. The neckline sits near $1.55. A confirmed breakout above that level could validate the pattern, supporting a move toward $2.
Whale accumulation surpasses $2 billionIn addition to technical signals, XRP has attracted significant buying from large holders over the past 96 hours. Ali Charts reported that whales accumulated approximately 1.54 billion XRP, with a total value around $2.2 billion. This level of accumulation often suggests that market participants with greater resources are positioning themselves for potential moves.
Such pronounced accumulation coincides with repeated attempts by XRP to challenge resistance zones, aligning technical setups with increased investor interest on the network. Market watchers view these movements as an indication of possible upcoming volatility.
Whale activity on the XRP network has surged over the past 96 hours, with large holders adding roughly 1.54 billion XRP, worth about $2.2 billion. This notable accumulation spike could soon translate into price action.
Key Fibonacci levels and market signalsAnother perspective comes from analyst ChartNerd, who highlighted XRP’s test of key Fibonacci retracement levels. ChartNerd observed that XRP recently broke out of its descending resistance structure, crossing the 0.382 Fibonacci level. The next significant areas to watch lie between $1.45 and $1.51, where the 0.5 and 0.618 Fibonacci pockets converge and historically act as decision points for trend continuation or reversal.
Further analysis of the weekly chart shows XRP trading tightly between the 20 and 50 moving averages for nearly five weeks. The critical dynamic support of the 50-week EMA, positioned at $1.51, adds to the significance of this range. ChartNerd suggested that a strong weekly close above $1.51 would offer confirmation of a continuation to the upside, while rejection could see XRP return to previous consolidative ranges.
As traders monitor these key technical setups and accumulation patterns, attention has also shifted towards meme tokens as a hotbed for rapid market shifts. In the meme token market, an internet trend can quickly convert minor investments into substantial gains. Data from Fomo App revealed a notable example where an initial $99 trade in “Niu Lai” ballooned to approximately $370,000 within days. In such rapidly evolving markets, monitoring not just price but also investor timing and token selection becomes essential. Fomo App supports users in navigating this landscape by combining token discovery, trading, social feeds, investor rankings, and trade notifications into a unified platform.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
One of the largest XRP buying campaigns of the second half of 2026 is unfolding on the market. In just 96 hours, large investors have absorbed approximately 1.54 billion tokens from the market.
At the current exchange rate, this amount is valued at $2.2 billion. Against this backdrop, $2.00 per coin has once again become a tangible target.
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Data from the analytics platform Santiment clearly confirms a sharp shift in sentiment among key network participants. The supply distribution chart shows a vertical surge in holdings. The combined balances of whale addresses have broken out of a prolonged plateau in just a few days and surged toward peak levels.
XRP whale accumulation jumps to 9.81 bililon tokens, Source: Ali Martinez / SantimentThe buying spree comes amid the formation of a rare technical pattern, the inverse head and shoulders, on the daily XRP/USD chart. The anatomy of this move is as follows:
Defense zone: Large investors have established strong support around $1.33, forming a solid right shoulder of the pattern.Current base: The token's price is currently holding around $1.40, demonstrating firm stability.Main barrier: The key resistance for buyers remains the neckline at $1.55.The main barrier is $1.55. What happens if XRP breaks through?The market is successfully absorbing massive volumes of incoming liquidity. According to on-chain trackers, a large inflow of XRP to the Binance exchange has been recorded. Under normal conditions, the arrival of such volumes on trading platforms triggers panic and a decline in prices.
However, the current aggressive buying demand is fully absorbing this supply. Tokens are being rapidly withdrawn from exchanges to cold wallets for long-term holding. This factor significantly reduces selling pressure and limits the risk of sudden sell-offs.
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The fate of the large-scale rally is being decided within the current price range. If the current 96-hour momentum allows bulls to secure a daily close above the $1.55 resistance level, the bullish pattern will be confirmed. In that case, the technical setup could open a direct path for XRP toward the psychological $2 mark.
A major accumulation of XRP is taking place, with large investors purchasing roughly 1.54 billion tokens over the past 96 hours. At current prices, this acquisition represents a value of $2.2 billion, marking one of the most significant buy campaigns for the cryptocurrency in the latter half of 2026.
Whale buying sparks optimism for $2 targetSantiment, a blockchain analytics provider, reported that the supply held by key network participants has surged after a period of stagnation. The platform’s charts show a steep rise in the combined balances of so-called ‘whale’ addresses, quickly approaching historical peak levels for XRP ownership.
This surge in activity suggests renewed confidence among major holders, fueling speculation that $2 per coin is once again within reach. The increased concentration of XRP in large wallets coincides with a powerful technical formation spotted on the daily trading chart.
Santiment’s data highlights a sharp reversal in sentiment as leading XRP holders rapidly escalate accumulation, breaking a months-long plateau.
According to chart analysts, XRP has developed an inverse head and shoulders pattern, often seen as a bullish signal in financial markets. The structure is supported by several key price levels emerging over the past week.
Technical pattern and price structureMarket participants have identified a defense zone around $1.33, regarded as the right shoulder base of the formation and an area where large investors have provided significant support. The token is currently stabilizing near $1.40, demonstrating resilience above this level. Meanwhile, resistance remains concentrated at the pattern’s neckline, currently set at $1.55.
Recent on-chain tracking has monitored a substantial inflow of XRP to the Binance exchange, the world’s largest crypto trading platform. Typically, such inflows raise concerns about potential sell-offs; however, the significant demand has quickly absorbed new supply, with many tokens being transferred from exchanges to cold wallets for long-term storage.
This swift withdrawal to cold wallets reduces immediate selling pressure and decreases the likelihood of abrupt price corrections. It also signals a preference among whale investors to hold rather than liquidate their XRP positions in the near term.
The eventual direction of XRP now hinges on its ability to close a daily trading session above the crucial resistance at $1.55. If this threshold is breached and sustained, analysts state that the technical setup would validate the inverse head and shoulders pattern, suggesting a potential move toward the psychological $2 milestone.
Mini dictionary: Santiment, a blockchain data analytics platform, provides real-time insights into cryptocurrency network activity—including supply movements by large holders, known as whales—that help traders and analysts assess market sentiment and underlying trends.
Price LevelRole in Pattern$1.33Defense zone (right shoulder)$1.40Current base$1.55Main resistance (neckline)$2.00Target if confirmed
Carolina, a well-followed cryptocurrency enthusiast on social media, has identified a recurring pattern on the XRP daily chart that previously triggered a significant price increase earlier in the year. This pattern, known as the AMD cycle—Accumulation, Manipulation, Distribution—appears to be unfolding once again, based on her technical analysis.
The AMD Cycle on XRP’s ChartThe initial AMD cycle began in late June, featuring an extended accumulation period when XRP remained above $1. A sudden manipulation phase emerged, briefly pushing the price down to approximately $0.98, before a sharp recovery during the distribution phase sent the coin to a peak of $1.68. Carolina’s current analysis suggests that a second AMD cycle is developing on the chart, mirroring the earlier sequence.
Mini dictionary: AMD cycle, a technical analysis framework describing three phases in asset prices—accumulation (when investors quietly build positions), manipulation (where the price is moved lower, often to cause weak hands to sell), and distribution (when holders sell into upward momentum, often leading to a price surge).
Carolina’s chart shows one AMD cycle completed and a second currently underway. The pattern’s repetition has caught the attention of many traders tracking XRP’s performance in recent months.
Analysis describes the earlier AMD sequence: accumulation above $1, manipulation down to $0.98, and a distribution run that drove XRP up to $1.68 within a few months. Chart patterns suggest this powerful structure may be repeating.
The Manipulation Phase is Now ActiveCarolina states that XRP has entered the manipulation phase, which she describes as “happening RIGHT NOW.” The asset is currently trading at $1.3049. After previously climbing close to $1.70 in the first distribution, XRP pulled back and entered a zone of consolidation near $1.30. This price action, according to Carolina, signals the manipulation stage within the AMD cycle.
In this phase, prices tend to dip lower, applying downward pressure that causes many retail traders to exit their positions. Such conditions, she claims, are necessary to set up the larger distribution rally that often follows.
According to the chart, this period may offer an opportunity for strategic investors, similar to the earlier dip that preceded XRP’s substantial move higher in the first AMD cycle.
Distribution Phase: Potential Upside for XRPThe next expected step is the distribution phase. According to Carolina’s projection, this stage would follow current price activity and could push XRP from levels near $1.30 to a target above $2.30, if the previous cycle serves as a guide. The prior distribution phase saw XRP climb from $0.95 to $1.68, marking one of the strongest rallies for the asset so far this year.
Carolina’s analysis depends on observing structural repetition between the current and previous AMD cycles. The chart highlights a green box to the right, indicating the projected area for upward movement in the anticipated distribution phase. Technical traders are monitoring these signals to determine whether XRP will repeat its earlier breakout performance.
AMD Cycle PhaseFirst Cycle Price RangeSecond Cycle Price Range (Projected)Accumulation$1.00+$1.30 (consolidation)Manipulationdown to $0.98current dip near $1.30Distributionup to $1.68projected to $2.30+Carolina maintains that if the AMD cycle continues to repeat, XRP could experience another round of significant upside. However, she reminds traders that market conditions remain volatile and outcomes can differ from historical patterns.
TLDR: XRP Ledger Batch V1.1 has support from 30 of 35 tracked validators, but activation depends on maintaining at least 80% support through September 29. The feature groups up to eight transactions, allowing asset transfers, payments and platform fees to settle together or fail as one operation. Ripple says asset managers and commercial projects are building around delivery-versus-payment, while partner details have not been disclosed. Developers withdrew Batch V1.0 after a signature flaw, then released V1.1 with redesigned authorization and reviews by Halborn and Common Prefix. Ripple says asset managers are preparing for XRP Ledger Batch V1.1, a payments upgrade for linked transactions. It can group eight XRP Ledger transactions in one operation. The all-or-nothing setting completes every transaction or cancels the group.
The design supports delivery-versus-payment, linking asset transfers with payment. RippleX engineering head Ayo Akinyele said commercial projects already account for XRP Ledger Batch V1.1.
The XRPL Dashboard lists support from 30 of 35 tracked validators. The amendment needs 28 votes to start its countdown. That process began September 15 at 14:06:41 UTC. Activation could follow September 29 if support stays above 80% for fourteen days.
XRP Ledger Batch V1.1 Moves Toward Conditional Activation The vote gives XRP Ledger Batch V1.1 a conditional path toward activation. Validators can change their positions during the countdown. If support falls below 80%, the clock stops. A new fourteen-day period must begin after the amendment regains the threshold.
XRP Ledger Batch V1.1 groups transactions under a parent operation. Users can submit as many as eight linked transactions, with each transaction retaining its details. The all-or-nothing setting prevents partial settlement when one transaction fails.
Unlike a multi-step workflow, the grouped operation gives counterparties a settlement condition. If one leg fails, the ledger does not complete the other leg. That design may simplify settlement for funds, trading venues and token issuers using the XRP Ledger. It also gives developers a way to combine transfers without relying on callbacks or manual reconciliation. The feature does not guarantee adoption, since projects still need testing, compliance and preparation.
That function matters for asset managers building digital markets. A fund can transfer a tokenized asset while receiving payment within the same ledger operation. The use case gives XRP Ledger Batch V1.1 a direct role in atomic settlement.
Akinyele identified delivery-versus-payment as a key use case. The method links asset delivery and payment, rather than asking one party to send first. This can reduce exposure to incomplete settlement during a trade.
Ripple also identified fees as another application. Exchanges, wallets and marketplaces can attach service charges to a customer transaction. The payment and fee can then process as one grouped operation.
RippleX has not named the commercial projects using the feature. Akinyele said more details will follow after partners formally finalize plans and launch timing. He added that activation would move development work closer to production.
Delivery Versus Payment Shapes the Upgrade Use Cases The planned activation follows the withdrawal of Batch V1.0. Researchers found a critical signature-validation flaw in February. Under certain conditions, the code could stop checking signatures early. An attacker could then include transactions from another account without authorization.
Validators had not activated the original amendment when developers withdrew it. The vulnerable code therefore never controlled the live ledger. The flaw exposed no user funds directly.
RippleX used the incident to redesign parts of the signing and authorization model. The replacement shipped in xrpld version 3.3.0 on August 6. Ripple said the code now under consideration matches that release.
The review covered internal adversarial testing and AI-assisted analysis. It also included a Sherlock attack contest. Security firms Halborn and Common Prefix conducted assessments.
RippleX also used internal adversarial testing before seeking validator approval. The company said its wider review covered the work before V1.1 returned to the vote.
The expanded process supports the return of XRP Ledger Batch V1.1 to the validator process. Akinyele said the team raised the review standard, addressed the defect and submitted Batch V1.1 for another validator vote.
The amendment will continue through September 29 under the current schedule. Support must stay at or above 80% throughout the window. Any decline below that level would pause activation and require another countdown after support recovers.
XRP analyst JD has shared a new market outlook following the cryptocurrency’s significant decline from its $3.37 peak to $1.01. JD, known in the XRP community for accurately predicting previous price movements, stated that he previously identified $3.37 as a local high before the sharp drop, and highlighted $1.01 and the $1.25 “grey box” zone as critical support areas during the correction.
Market structure signals potential bottomIn his recent technical assessment, JD pointed to signs of a changing weekly price structure for XRP. He noted that the asset produced a higher high (HH) after the pronounced fall, describing this move as potentially significant for future price direction.
According to JD, the creation of this higher high, alongside the prior low marked by the “grey box” zone, could indicate that a bottom may have been set if the $1.20 to $1.26 support range holds. He highlighted these technical signals on a weekly chart shared with his followers.
JD wrote that XRP created a higher high on the weekly timeframe and suggested that if the grey box was the higher low, this could signify the end of the corrective move.
JD emphasized the importance of these levels by noting the $1.01 area aligns closely with the 0.786 Fibonacci retracement, often watched by chart analysts for reversal points.
Mini dictionary: Fibonacci retracement, a popular technical analysis tool that identifies potential support and resistance levels by measuring price movements relative to specific ratios defined by the Fibonacci sequence.
LevelPrice RangeSignificancePeak$3.37Recent top before crashSupport (Grey Box)$1.20–$1.26Potential higher low regionFibonacci 0.786~$1.01Possible reversal pointAnalyst maintains caution despite bullish signalsWhile JD’s outlook highlights a possible market recovery, he made clear that he remains cautious. He revealed that he has prepared additional buy orders in a separate “pink box” area below the current price levels, indicating that another leg down remains possible if XRP cannot hold current support.
JD connected his present view to his earlier successful prediction of the $3.37 peak and the steep 73% decline. His current attention is directed at maintaining vigilance until price action confirms the market’s intended direction.
JD stated he continues to monitor price behavior closely, with buy orders placed in lower zones as a precaution, underlining his wait-and-see approach despite the latest higher high structure.
He also invited followers to view his detailed trading calls through his Patreon account, where he regularly posts technical analysis updates for the XRP community.
JD’s recent analysis generated wide discussion among XRP supporters and traders. One community member, Freddie Zuiddam, questioned the validity of JD’s previous $3.37 target, suggesting a difference in interpretation. Another participant, John, shared that he prefers an accumulation strategy until he identifies a convincing profit-taking opportunity.
A further comment from Ghost_wolf supported the view that the $1.20 to $1.25 range could act as an attractive buying zone, aligning with JD’s grey box analysis.
Overall, JD’s most recent assessment centers on XRP sustaining its higher-high formation and holding the grey-box support region. The coming weeks are likely to determine whether this technical pattern leads to a sustained reversal or renewed downward pressure.
Crypto analyst Austin Hilton has highlighted recent developments that he believes mark a positive turn for XRP holders and the broader digital asset space. Hilton, a well-known commentator in the cryptocurrency community, shared his optimism on social media following a series of significant market and regulatory events.
XRP gains as crypto market shows resilienceAcross the digital asset market, prices responded positively after a week marked by key legislative and monetary policy developments. Hilton emphasized that XRP traded around 1% higher at the time of his video update, in contrast to a 2% gain in the broader crypto market. As of now, XRP trades at $1.40, reflecting an 8.35% increase in the last 24 hours.
Additional strength was observed in Solana, Zcash, and Hyperliquid, which also recorded gains. Hilton noted that major coins such as Bitcoin, Ethereum, BNB, XRP, and Solana managed to avoid a substantial downturn following several pressure points.
He specifically referenced events including the failure of the CLARITY Act in the Senate, the US Federal Reserve’s recent rate hike, and the Bank of Japan’s interest rate increase. According to Hilton, these could have triggered a sharp decline, but the market’s recovery illustrated investor confidence and robust sentiment.
Despite setbacks like the CLARITY Act not advancing, prices have rebounded and the market has largely discounted the negative news. The resilience of digital assets is, in my view, encouraging for holders.
AssetPrice24h ChangeXRP$1.40+8.35%BitcoinNot specifiedModest gainSolanaNot specifiedPositiveZcashNot specifiedPositiveHyperliquidNot specifiedPositiveRegulatory updates: SEC and CFTC offer new guidanceHilton pointed to regulatory actions from the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) as another source of optimism. He explained that both agencies have begun establishing clearer rules in the crypto industry, reflecting a shift toward more defined regulatory boundaries.
In particular, Hilton highlighted the CFTC’s stance on self-custody wallets. The agency reportedly signaled that individuals who maintain wallets on their mobile phones would not be required to register those wallets, alleviating concerns over potential regulatory hurdles for everyday crypto users.
Hilton connected this proactive approach to earlier expectations that, if the CLARITY Act did not pass in the Senate, regulatory clarity would instead be shaped by the SEC and CFTC. He indicated that their ongoing measures could help shape a more stable environment for digital assets moving forward.
Mini dictionary: CFTC — The Commodity Futures Trading Commission is a US government agency responsible for regulating derivatives markets, including futures and certain aspects of cryptocurrency trading.
New guidance by the SEC and CFTC, including their approach to self-custody, is seen as a step toward providing regulatory clarity and safeguarding users in the $XRP and wider crypto ecosystem.
Ongoing political and regulatory risksDespite the current positive sentiment, Hilton cautioned about future legislative uncertainties. He observed that new regulatory measures from the SEC and CFTC do not carry strong legal weight and could be challenged by future shifts in political leadership.
Hilton explained that political changes in the Senate could significantly reshape the environment for crypto regulations, potentially impacting lawmakers who support the industry.
Nevertheless, he maintained a favorable view for the near term, citing recent recovery in digital asset prices and evolving regulatory stances as key factors supporting his optimism. Hilton also noted that the Bank of Japan’s rate decision exerted little immediate pressure on the cryptocurrency market.
Reiterating his investment approach, Hilton described himself as a long-term holder and expressed continued confidence in the market’s prospects given the current trajectory of events.
Ripple’s On-Demand Liquidity (ODL), a solution designed to facilitate global cross-border payments, has been directly compared to the Federal Reserve’s FedNow Service for its round-the-clock liquidity management capabilities. The analysis, conducted by crypto researcher SMQKE, used documentation from both Ripple and the Federal Reserve to examine how each system addresses the challenges of providing instant payments at all hours.
Ripple ODL and XRP in Continuous PaymentsAccording to Ripple’s official documentation, ODL enables customers to transfer funds internationally and exchange between various currencies without the need for pre-funding accounts in each country. By leveraging XRP as its bridge currency, ODL allows for real-time liquidity sourcing and settlement, aiming to lower operational costs and free up working capital for its users.
SMQKE highlighted that ODL’s use of XRP provides continuous, 24/7 liquidity management, aligning with the requirements set for private sector instant payment services like FedNow. Screenshots of supporting documents from both Ripple and the Federal Reserve were provided in the researcher’s X post to underline the point.
Ripple’s documentation notes that XRP plays a central role as a bridge asset within ODL, delivering real-time funds movement and supporting always-on settlement across global corridors.
This approach has attracted attention in the industry, as real-time and cost-effective cross-border settlement remains a key demand for financial institutions and fintechs seeking to modernize payment rails.
FedNow’s Liquidity Management MechanismFedNow, launched by the US Federal Reserve to facilitate instant payments across the country, incorporates a dedicated Liquidity Management Tool (LMT) in its platform. This tool is designed to ensure that financial institutions have the necessary liquidity to process payments throughout the day and night.
The Federal Reserve states that FedNow allows for fund transfers not only between master accounts at the central bank, but also between master and joint accounts. These features target the specific liquidity needs of private-sector instant payment providers, ensuring uninterrupted operations at all hours.
According to documentation, FedNow participants can assign service providers to execute liquidity transfers on their behalf. The process also enables correspondent institutions to settle transfers initiated by participating banks. The Federal Reserve emphasizes the implementation of controls so that the liquidity management feature is used strictly for supporting instant payment operations.
Mini dictionary: FedNow, launched by the US Federal Reserve in July 2023, is a real-time gross settlement service. It aims to enable instant domestic payments 24/7 for participating US depository institutions, supporting the modernization of the American payments ecosystem.
FeatureRipple ODLFedNowLiquidity mechanismXRP-based bridge assetTransfers between central bank accountsOperational hours24/7/36524/7/365Settlement scopeCross-border, multi-currencyDomestic US, central bank moneyPre-funding requiredNoNo for liquidity, yes for account balanceBoth systems emphasize around-the-clock liquidity management to support instant payment settlement. However, Ripple ODL relies on a digital asset (XRP) for cross-border transactions, while FedNow settles liquidity transfers within domestic central bank accounts.
Industry Response and InterpretationThe discussion attracted nuanced commentary from industry participants. Contributor MEPH argued that the true value proposition for both systems is their continuous liquidity infrastructure rather than potential impacts on XRP’s price. MEPH further referenced the XRPL 3.4.0 update and its lending features, suggesting that ongoing validator activation and actual settlement volumes will demonstrate network utility and adoption.
In contrast, Jamie Williamson noted important structural differences in the two systems. Williamson explained that FedNow’s liquidity transfers occur purely within central bank accounts, using US dollars, while ODL utilizes XRP as an intermediary asset between mismatched foreign currencies. This distinction, Williamson argued, sets the two solutions apart in terms of cross-border versus domestic operations.
The comparison underscores ongoing conversations about the role of digital assets like XRP in global liquidity and the differing infrastructure choices in real-time payment systems.
Crypto market watcher Evelyn (@Evelyn31602006) has brought renewed attention to XRP’s recent performance, pointing out that a key price breakout occurred just as she anticipated. Her analysis focused on a persistent descending trendline that began at XRP’s all-time high in July 2025 and consistently deterred price advances for more than a year.
The trendline rejections and breakoutSince reaching its peak in July 2025, XRP repeatedly faced resistance along the same downward trendline, which acted as a ceiling for the asset. Over this period, sellers maintained control, resulting in at least five clear rejections at progressively lower highs. Throughout the first half of 2026, XRP compressed around the $1 range while still respecting this resistance.
In August 2026, XRP decisively breached the trendline. The move was swift, with the token soaring more than 50% in less than three days. However, the rally stalled after the CLARITY Act failed to pass the Senate, which brought renewed selling pressure and pulled XRP below $1.30. Despite the pullback, the price managed to hold above a crucial support level.
The weekly chart showed repeated failures at the descending trendline, confirming its significance until XRP’s August breakout led to a rapid 50% gain before facing renewed headwinds.
Evelyn had previously highlighted the significance of repeated trendline rejections and warned of a coming move. As the breakout materialized, her prediction about a major price shift proved timely.
Evelyn’s next targets for XRPWith the trendline broken, Evelyn charted a detailed price path for XRP’s next moves. She expects the price to retrace from $1.34 down to $1.17, then rebound to $1.90 in the first sequence. From there, she projects the second sequence to propel the asset from $1.90 to $3.10 and, eventually, to $5.20—a new all-time high.
Evelyn stated that XRP should not be expected to drop too soon, suggesting any pullback could be limited and may precede a stronger upward move into 2027.
Evelyn’s track record has drawn attention after a 50% XRP gain followed her previous forecast. The next phases, if realized, would mark significant price milestones for XRP through late 2026 and into 2027.
Mini dictionary: CLARITY Act, a proposed US legislative bill intended to clarify the regulatory status of digital assets, which, if enacted, could have significant implications for cryptocurrency markets and compliance standards.
MovePrice TargetStatusBreakout surge+50% from previous levelsCompletedShort-term pullback$1.17ProjectedFirst rebound$1.90ProjectedSecond sequence$3.10ProjectedAll-time high$5.20ProjectedXRP’s technical setup moving forwardThe long-standing trendline that restrained XRP’s price action for over a year has now been surpassed. A potential pullback to $1.17 would reflect a typical retest of the breakout level, which technical analysts often view as a healthy setup in strong upward moves.
With the trendline now acting as support, further gains remain possible if the structure holds. The $5.20 target represents a substantial climb from the current price and is seen by some analysts as contingent on broader market developments and clarity in regulatory issues.
XRP has long faced allegations that Ripple, the well-known company at the center of its ecosystem, exerts too much control over the network. However, the way the XRP Ledger (XRPL) operates means that Ripple’s influence does not translate into unilateral power to impose protocol changes.
Decentralized Amendment Process Sets Network RulesThe XRPL governs changes to its protocol through a strict amendment process. For an amendment to be enabled, it must receive support from more than 80% of trusted network validators for at least two consecutive weeks. This system is designed to prevent any single organization from dictating major updates or features on the ledger.
Ripple can propose changes and contribute significant technical resources as one of the primary code maintainers for the project. But proposals alone do not guarantee activation. As with all amendments, the wider validator community must endorse any changes that become part of XRPL’s live environment.
Operators maintain their own Unique Node Lists (UNLs), determining which validators they trust. Network consensus results from the overlap between these lists, producing a decentralized decision-making framework that is not vulnerable to control by a single entity, even one as active as Ripple.
This distributed model means that Ripple, despite its scale and expertise, cannot enforce an amendment on its own authority. Validator consensus is always necessary to move forward.
Mini dictionary: Unique Node List (UNL), a list of validators that a node operator trusts to maintain correct network consensus in the XRPL. The overlap between UNLs among nodes is key to reaching agreement without central control.
Recent Upgrade and Lending Feature Highlight the ProcessThe ongoing BatchV1_1 upgrade provides a recent example of the amendment process at work. This change was slated for a projected September 29 activation date, but only reached the final stage after passing the 80% validator threshold. The upgrade did not become active when its code was released; it required strong and consistent validator support.
This process is even more evident in the case of native lending features proposed for XRPL. Although this functionality exists in the current software, it has not yet reached live status because it remains short of necessary validator approval. This scenario shows that inclusion in software code is not equivalent to network-wide adoption.
Reaching the 80% validator threshold signals broad community consensus, but unless support is sustained for two weeks straight, amendments awaiting activation can stall indefinitely, regardless of who contributed the code.
Ripple’s stature in the ecosystem clearly affords it significant influence, thanks to its engineering team, history, and ongoing operation of network infrastructure. Still, validators from around the world retain final authority over what changes become active.
Process StepDescriptionAmendment ProposalChange is submitted by developers, including Ripple engineers or others.Validator VoteValidators review amendment and indicate support or rejection.Threshold PhaseAmendment must reach >80% validator approval for two weeks.ActivationChange becomes live if threshold maintained throughout the period.Decentralization Limits Ripple’s ControlWhile Ripple plays a critical role as a company focused on advancing enterprise blockchain solutions, the amendment process ensures that changes cannot proceed without sufficient community and validator buy-in. This governance method is a core part of XRPL’s design to sustain decentralization.
Influence and contribution are not the same as control; validators, node operators, and independent developers all participate in the governance structure that underpins XRPL.
Disagreements or lack of consensus within the community or validator group can cause amendments to stall, regardless of the level of involvement by Ripple’s engineering team. This dynamic continues to shape the evolution of the XRPL, ensuring that upgrades undergo thorough review before adoption.
Ripple has long advocated for clear regulations to guide U.S. crypto companies, warning that ongoing uncertainty could stifle digital asset innovation. However, hopes for legislative progress suffered a setback when the CLARITY Act failed to advance in the Senate on September 15, falling short of the 60 votes required.
Ripple’s response to the legislative setbackThe company described the missed Senate vote as a significant lost opportunity, stating that the bill could have provided clear guidance for both consumers and the broader digital assets industry. Ripple emphasized that establishing such rules remains essential for industry growth and investor protection.
For Ripple specifically, the failure of the CLARITY Act lands differently than it might have in earlier years. The firm recently weathered one of the sector’s most high-profile legal challenges, as the SEC filed a lawsuit in 2020 focused on the legality of XRP sales. That years-long battle brought uncertainty around the legal classification of XRP, but recent court decisions have given the company and investors greater confidence in the token’s regulatory status.
Broader industry implicationsDespite Ripple’s progress, the larger U.S. digital asset landscape remains unsettled. The CLARITY Act sought to clarify the regulatory boundaries between securities and commodities, giving the CFTC more defined oversight within digital-asset markets. However, the legislation’s failure preserves the current divide between the SEC and CFTC, leaving questions unanswered and the regulatory environment fragmented.
As a direct consequence, the central question for XRP holders has evolved. It is no longer exclusively about whether XRP qualifies as a security; instead, attention has shifted to how exchanges, brokers, tokenized markets, and other crypto businesses will operate under U.S. law without unified legislative guidance.
The uncertainty affected market sentiment. XRP’s price dropped sharply in response to the failed vote, even while U.S. XRP ETFs maintained substantial holdings of around 1.1 billion tokens. This contrast between increased institutional involvement and regulatory ambiguity has added new complexity for investors.
Ripple highlighted the tension between expanding institutional infrastructure for XRP, such as regulated ETFs, and the persistent uncertainty affecting the rest of the U.S. crypto market as Congress once again failed to deliver comprehensive rules.
Ongoing coverage from industry analysts has underscored how the unresolved split in authority between the SEC and CFTC remains an obstacle to national policy clarity for digital assets.
Next steps for regulation and market adaptationThe setback for the CLARITY Act does not mean federal agencies have paused activity. The SEC has already proposed Regulation Crypto Assets, seeking to outline a framework for certain investment contracts involving crypto, while the CFTC is continuing its work within the commodity and derivatives sector.
In an environment where a single Federal Reserve decision or a major altcoin listing can trigger rapid market shifts, investors have increasingly sought integrated solutions for tracking data and news efficiently. Many are now turning to privacy-first platforms like CryptoAppsy for real-time charts, customizable price notifications, market news, and access to macroeconomic trends—all consolidated on one interface and available without creating an account.
Looking at the XRP ecosystem, Ripple now enjoys a stronger regulatory position thanks to its recent legal progress. However, the wider industry is still navigating the division of authority between agencies, unresolved treatment of stablecoins, and questions over tokenized assets on U.S. exchanges.
Another key development is the growth of regulated investment products for XRP. While these have drawn substantial demand, analysts have noted that ETF-driven interest has not yet propelled XRP back to its previous all-time price levels. The performance of XRP underlines that institutional adoption and legal clarity do not always result in immediate price recovery.
Overall, Ripple and market participants continue to call for comprehensive national rules as fragmented oversight persists and the landscape remains in flux.
Although Ripple has achieved greater legal certainty for XRP, investors and businesses across the U.S. crypto sector still await clear, unified regulations to guide long-term growth.
Ripple (CRYPTO: XRP) rose for a second straight day, reaching its highest level since Tuesday and climbing 15% from this week’s low. The rebound could continue after the token formed a bullish flag pattern and as inflows into its exchange-traded funds (ETFs) kept rising.
XRP Price Rebounding Amid the Crypto Market RallyXRP token continued rising on Saturday as the crypto market rally intensified. Bitcoin (CRYPTO: BTC) price crossed the important resistance level of $81,000, while Ethereum (CRYPTO: ETH) jumped above $2,600. The market capitalization of all cryptocurrencies jumped to $2.8 trillion, while the Altcoin Season Index has continued to soar.
XRP’s fundamentals are also improving. For example, spot XRP ETFs continued to add assets this week, a sign that American retail and institutional investors expect it to keep rising. The funds have added $41 million in inflows this month, continuing a winning streak that started in April this year.
Ripple USD (CRYPTO: RLUSD) has continued to add assets this month. The stablecoin now has $2.37 billion in assets, with $1.03 billion being on the XRP Ledger and the rest being on Ethereum (CRYPTO: ETH). This performance is a sign that XRPL’s utility is growing.
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Ripple Labs believes that RLUSD will continue growing, driven by key areas like corporate treasury, payroll, and cross-border payments. A surge in usage will lead to more fees, which will translate into more XRP burns.
XRP price has also jumped because of the rising volume and open interest. Its 24-hour volume rose by 2.7% to $4.07 billion, with its futures open interest rising to over $2.7 billion.
Ripple Price Technical Analysis Points to More GainsTechnicals, especially on the daily chart, suggest that the XRP price has more gains to go. It formed a morning star candle on September 16. This pattern is made up of a small body and small upper and lower shadows, and is one of the most bullish reversal signs in technical analysis.
The token is in the process of forming a bullish flag pattern. This pattern happens after a strong rally followed by a descending channel. It is now trading along the upper side of the descending channel.
XRP is about to form a golden cross pattern as the spread between the 50-day and 200-day Exponential Moving Averages (EMA) narrows. Therefore, this pattern points to a strong bullish breakout, potentially to last month’s high of $1.70. A move above that level will point to more gains to $2.
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