Evernorth, the largest treasury manager dedicated to XRP, has secured a $30 million convertible-note commitment from NH Investment & Securities, a leading South Korean investment firm. The infusion of capital is aimed at supporting Evernorth’s ongoing merger process and enhancing its role as a key player in the XRP ecosystem.
Major South Korean funding backs Evernorth’s XRP strategyNH Investment & Securities has provided Evernorth with $30 million via a convertible note, a financial instrument offering investors the option to convert debt to equity. The funding stands out as one of the most significant financial endorsements of an XRP-focused company to date, highlighting South Korea’s continuing interest in the digital asset sector.
The commitment arrives as Evernorth advances its merger with a special purpose acquisition company (SPAC), a corporate structure often used to fast-track public listings through reverse mergers. The capital injection is intended to secure Evernorth’s position through this transition and to enable it to expand its XRP holdings.
NH Investment & Securities is one of South Korea’s largest brokerage firms, specializing in securities trading, investment banking, and asset management.
Mini dictionary: SPAC (Special Purpose Acquisition Company), a company formed to raise capital through an initial public offering with the purpose of acquiring an existing company and taking it public.
Path to public listing and treasury expansionThe primary purpose of the new funds is to help Evernorth finalize its planned merger with the SPAC, facilitating a future listing on Nasdaq under the ticker symbol XRPN. Company representatives described the SPAC merger as a critical step toward entering public markets, where Evernorth aims to become the leading publicly traded XRP treasury management entity.
Upon completion of the SPAC merger and Nasdaq listing, Evernorth intends to give traditional investors a unique opportunity to access its corporate treasury strategy focused solely on XRP.
Evernorth specified that it plans to deploy the entire $30 million to purchase spot XRP directly from the open market. Expanding its XRP holdings, the company aims to strengthen its reserves of the digital asset in preparation for the public share offering.
First XRP-focused treasury company eyes NasdaqEvernorth’s strategy centers on offering exposure to XRP through a stock market listing, a move expected to broaden access for institutional and conventional investors. By holding substantial quantities of XRP and managing related treasury activities, Evernorth targets a leadership position among crypto asset management firms seeking mainstream capital market participation.
With the anticipated Nasdaq listing, Evernorth would become one of the first dedicated XRP treasury management companies available as a public equity, marking a significant milestone in the integration of crypto-treasury strategies with traditional financial markets.
EntityRoleContributionNH Investment & SecuritiesInvestor$30 million convertible noteEvernorthXRP Treasury FirmTo purchase spot XRP, merger, Nasdaq listingSPACAcquisition CompanyFacilitates public listing via mergerIndustry observers are watching Evernorth’s next steps closely, given the rising trend of digital asset firms seeking entry into traditional equity markets. The outcome of Evernorth’s SPAC merger and new XRP acquisitions could set important precedents for crypto-native companies moving toward public listings.
XRP price rose 6% to $1.38 over 24 hours, following a broad cryptocurrency recovery led by Bitcoin.
Bitcoin price climbed above $80,000, strengthening risk appetite and lifting tokens that often follow wider market moves.
The overall market cap of the crypto sector rose 4.79% to $2.75 trillion, fueled by positive sentiment by regulatory moves for key cryptocurrencies.
In the rebound, ETC maintained its price above $2,500, while SOL rose by more than 10% along with the bull market.
CFTC Sends Crypto Framework for White House Review The Commodity Futures Trading Commission (CFTC) proposed cryptocurrency market rules to the White House for a preliminary regulatory review.
The move follows the failure of the CLARITY Act to move in Senate, leaving legislation in limbo.
The filing initiates an executive review process, and does not imply the proposed framework has been finalized.
It shows that regulators are committed to continuing to regulate digital assets as they are now and that lawmakers are still talking.
BREAKING: 🇺🇸 CFTC sends new crypto market rules to the White House for review just days after the CLARITY Act failed to advance in the Senate.
— Bull Theory (@BullTheoryio) September 18, 2026
The development can have a significant effect on the attitude towards XRP, as it would provide transparency and clarity in cryptocurrency trading and regulation by the federal government.
However, XRP’s near-term future will continue to hinge on Bitcoin’s performance and the broader market rally.
XRP Price Rebounds Toward $1.40 as Momentum Strengthens The XRP Price traded at $1.3824 on September 18 after recovering sharply from the $1.30 region.
XRP price has broken above the $1.35 support and is moving towards the next resistance at $1.40.
A confirmed 4-hour breakout above $1.40 could give support to the ongoing bullish formation. The price of XRP may then attempt to break the next resistance level of $1.4
If XRP price continue to break higher above $1.45, the major $1.50 resistance zone will be tested. That price level has been XRP’s rejection point numerous times in the last rally.
But a further failure at $1.40 may give a bit of blow to the near-term recovery. The price could revert to $1.35 again before making another attempt to break out.
xrp/usdt 4-hour chart: TradingView The Relative Strength Index was up to 61.23 on the latest pull back. As per the current reading, there are signs of strengthening momentum, but without entering into overbought conditions for XRP
The MACD line rose above the signal line, indicating a strengthening of the momentum. The green histogram bars were extended on the most recent bull run.
Open Interest Jumps 8.68% as Trading Volume Hits $4.96B The trading volume rose to $4.96B, up 7.17% from the previous market session today, indicating the strengthening of the trading activity. Open interest also rose by 8.68% to $2.99B, indicating greater market involvement in derivatives today.
Source: Coinglass data Overall, the increases indicate that trading activity was higher and traders increased their holdings. As exposure grows, however, the volatility could rise on a loss of momentum or sudden liquidation of leveraged positions.
Senator Josh Hawley has sparked controversy in the cryptocurrency community after the U.S. Senate voted against the CLARITY Act, a bill that aimed to establish a regulatory framework for digital assets. The legislation fell short of the 60 votes needed, securing just 49 votes. This outcome disappointed advocates of clearer crypto regulation, including many in the XRP community.
Senator Hawley voices opposition concernsHawley, a Republican representing Missouri, was among four party members to vote against the bill. He attributed his decision to concerns from the state’s agricultural community, stating that local farmers worried they could lose access to loans from small-town banks if the bill passed. According to Hawley, there was a fear that investors would withdraw funds from these banks seeking higher yields enabled by the legislation, potentially putting rural lending at risk.
Hawley further explained that the provision could drain capital from community banks critical to rural economies. He referenced Senator Jerry Moran’s proposed amendments aimed at addressing these banking concerns and indicated willingness to consider fixes to ensure small banks remain operational and competitive in lending practices.
Schwartz challenges senator’s motivesDavid Schwartz, Ripple’s CTO Emeritus and a key architect of the XRP Ledger, quickly replied to Hawley’s public comments on X. Schwartz’s remarks suggested that the senator’s objection reflected a desire to protect bank profits over encouraging innovation in the financial sector.
Schwartz described the senator’s statement as “saying the quiet part out loud,” asserting that the real issue was safeguarding established banking interests.
Ripple is a fintech company focused on developing payment and settlement solutions using blockchain technology and is closely associated with XRP, a leading cryptocurrency used for cross-border transactions.
Mini dictionary: Ripple, a U.S.-based fintech company, develops blockchain-driven payment and settlement infrastructure for banks and financial institutions. XRP Ledger is its decentralized public blockchain, supporting the XRP digital asset.
Several major banking associations reportedly joined forces to lobby against the CLARITY Act, reinforcing Schwartz’s view that institutional resistance influenced the Senate’s decision more than the stated concerns for rural lending.
Arguments over impact on loans and farmersSchwartz dismissed Hawley’s argument that passing the bill would jeopardize loan access for farmers. He wrote on X that the act would not significantly reduce the ability of banks to issue loans. Even if it did, Schwartz argued, new alternative sources of capital would emerge to fill any gaps left by banks, supporting rural borrowers and agricultural businesses.
Schwartz maintained that, “A thriving ecosystem of investors seeking reasonable yields would emerge to provide those same loans, replacing any lost bank capacity.”
He challenged the premise that traditional banking structures are essential for supporting agricultural lending, suggesting the bill could enable more diverse financial options without harming rural communities.
Implications for XRP and crypto regulationThe rejection of the CLARITY Act leaves XRP and the broader crypto sector without a comprehensive federal regulatory framework. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are expected to continue overseeing the sector through guidance and enforcement actions rather than through legislation.
Paul Atkins, Chair of the SEC, has previously emphasized that regulatory guidance alone is insufficient without statutory backing. With the bill’s defeat, the crypto industry remains reliant on evolving agency interpretation.
Many XRP holders and blockchain advocates argue the Senate vote protects institutional power at the cost of industry growth and regulatory certainty.
XRP (CRYPTO: XRP) jumped 6 over the past 24 hours ,briefly touching $1.40 as whale inflows to Binance surged to a six-month high.
The sharp price rebound comes after XRP suffered a steep selloff earlier this week following the failed Senate vote to advance the Clarity Act.
How XRP Whale Inflows Help?CryptoQuant data on Friday shows cumulative XRP whale inflows to Binance over the past 30 days reaching almost 1.6 billion XRP, the highest level since March.
The metric declined steadily through May, June and July before recovering in August and accelerating in recent weeks.
Higher exchange inflows put more XRP within easy reach of the market, potentially increasing short-term selling pressure.
However, transfers to Binance do not necessarily mean whales intend to sell, as they may also reflect trading, liquidity management or portfolio repositioning.
The signal could turn more bearish if elevated whale inflows coincide with rising net exchange deposits, trading volumes and reserves. Without corresponding selling pressure, the flows may instead reflect increased trading activity.
Will Spot XRP ETF Bounce?XRP-focused treasury management company Evernorth reportedly raised $30 million through convertible notes issued to South Korean institutional investor NH Investment & Securities.
The financing is contingent on the successful completion of Evernorth’s planned SPAC merger.
Evernorth plans to deploy the proceeds into spot XRP ahead of its public-market debut.
Following the SPAC transaction, the company intends to list on Nasdaq under the ticker XRPN.
Read Next
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Something quite curious is happening around XRP. On Binance, a large part of the leverage accumulated in recent weeks is disappearing. On spot, sellers continue to push. And at the same time, UNI, NEAR, or HYPE are suddenly gaining height. The crypto market thus offers two almost opposite images. The data published by Amr Taha at CryptoQuant help to better understand the first: on XRP, traders close their positions much faster than the price declines.
In brief XRP is going through a deleveraging phase, with traders closing their leveraged positions much faster than the price falls. CryptoQuant also observes strong selling pressure on spot, indicating that the movement extends well beyond the derivatives market alone. The altcoins rebound remains very selective: UNI, NEAR, HYPE, or ZEC advance thanks to their own catalysts rather than a widespread altseason. Capital now has new playgrounds, including RWA, prediction markets, on-chain perpetuals, and millions of new tokens that fragment liquidity. XRP approaches a golden cross without guarantee of a sustained rally: its history shows signals often ephemeral, but sometimes followed by strong three-month gains. XRP traders are cutting leverage fast on Binance Let’s start with CryptoQuant’s numbers. On August 22, XRP’s open interest on Binance was around 323 million dollars. On September 17, only 219 million remained. Nearly one-third vanished in less than four weeks.
The price itself lost about 11% over the period.
This gap deserves more attention than the decline alone. Open interest sums the still open derivative positions: when it decreases, more positions close than open. However, a small rebound occurred in early September. On the 6th, the indicator rose around 244 million dollars. It did not hold.
Spot tells an even less comfortable story. The estimated CVD on centralized exchanges went from -111 million to -2.1 billion dollars. This indicator roughly measures who hits the market harder: buyers or sellers. Here, it is clearly the latter.
On Binance perpetuals, the CVD went from -361 million to -1 billion. The spot deterioration approaches 2 billion, against 639 million for the perps.
The signal is clear: XRP traders reduce their derivative exposure while aggressive selling remains high on both futures and spot markets.
There remains a paradox: cleansing so much leverage can also make the market less vulnerable to long liquidation cascades. CryptoQuant reminds us of this. Bad photo today, therefore; not necessarily a bad movie tomorrow.
Altcoins are rallying, but not for the same reasons On September 18, the scene had clearly changed elsewhere. The total market capitalization gained about 2.2% over twenty-four hours to return to 2.66 trillion dollars. FxPro noted no decline among its selection of the forty most liquid cryptos.
And the big performances did not come from the heavyweights.
Depending on the time of the reading, Uniswap gained between 26% and 31%, NEAR between 26% and 30%. Hyperliquid approached 14% at Trending Topics, Zcash exceeded 10%. Bitcoin progressed much more slowly. Its dominance even dropped below 59%, a one-month low.
But putting all these gains into the same basket would be misleading.
UNI benefits from American regulatory openness around trading tokenized stocks on certain permissioned pools, a field where Uniswap v4 had already positioned itself. Hyperliquid benefits from another story: Kraken wants to offer on-chain perpetuals in the United States via Bitnomial, subject to regulatory green light. Zcash received Paradigm’s backing while its community approved reducing blocks from 75 to 25 seconds.
So there is rotation, yes. A tide lifting all altcoins, much less. Even the Altcoin Season Index remains far from the level traditionally associated with a true altseason.
The old altseason playbook is losing its grip Perhaps this is where the 2026 market differs most from previous cycles.
Previously, the money flow seemed almost mapped out. Bitcoin gained value, part of the gains flowed to major altcoins, then risk appetite pushed capital further down the ranking. This highway now has many more exits.
The figures collected by FXStreet show the extent of the change. Between October 2025 and June 2026, altcoins’ capitalization plunged from 1.49 trillion to 543 billion dollars. Meanwhile, RWAs have built their own market.
Since January 2025, their on-chain AUM has risen from about 4 billion to 34.092 billion dollars. The open interest of perpetuals linked to RWAs now exceeds 15.9 billion. In August alone, these products traded 948.234 billion dollars.
And they are not alone in diverting attention.
Prediction markets have amassed 120.23 billion dollars in volume since January. Launchpads have absurdly multiplied available tokens: Pump.fun accounted for 12.9 million of the 32 million tokens on Solana in October 2025.
That is mainly what an investor can take away from this mutation: counting the altcoins rising is no longer enough. One must look where volumes really circulate, where open interest grows, and which platforms earn revenues.
Hyperliquid generated more than 429 million dollars in revenues since January. This figure probably tells more about the new geography of speculation than a simple index labeled “altseason”.
XRP is nearing a golden cross with a patchy track record Back to XRP, and this time to the charts.
Its 50-day moving average is about 2% below the 200-day average. If the former crosses the latter, XRP will print a golden cross, a pattern technical analysts commonly associate with the establishment of a bullish trend.
But here’s the thing: XRP already knows this signal very well.
CoinDesk found sixteen golden crosses in its history. None lasted twelve months. All ended by giving way to a death cross.
This record could be enough to throw the indicator in the trash. That would be a bit hasty. Among the ten golden crosses lasting long enough to observe their performance three months later, five produced gains ranging from 85% to more than 1,000%. The one in April 2017 was followed by a 1,009.6% increase. February 2021 gave +135%.
Not really useless. Not really reliable either.
Altcoins have accelerated sharply while major cryptos lag behind.
That’s precisely why the next crossing deserves to be read with other data. XRP arrives with open interest cut by 32%, a very negative Spot CVD, and a market starting to look away from Bitcoin.
The golden cross will give a graphic signal. The flows will say if it has legs.
Five figures to keep an eye on XRP The XRP price is quoted at 1.38 dollars at the time of writing, in a market where the recent drop in leverage far exceeds that of the price. Open interest on Binance reaches about 219 million dollars, against 323 million on August 22, a contraction close to 32%. Estimated Spot CVD reaches -2.1 billion dollars, after losing about 700 million since September 6. The 50-day moving average evolves about 2% below the 200-day one, leaving the golden cross close but not yet confirmed. Bitcoin dominance fell below 59%, while several altcoins just recorded double-digit daily gains. The coming months will create winners, laggards, and probably some buyers arriving at the station after the train has already left the platform. Tom Lee foresees an exceptional year for cryptos, with tokenization among the big drivers he monitors. There remains a difficulty as old as markets themselves: being exposed in the right place. XRP has its signals. Capital owes it no loyalty.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
XRP price has jumped to around $1.39, up 6.6% over the past 24 hours. While the gain looks positive, XRP remains far below its previous highs. Meanwhile, crypto analyst Ali Martinez has spotted a bullish inverse head-and-shoulders pattern that could push XRP toward $2 if key resistance breaks.
“XRP on the verge of triggering a 35% rally.”
XRP Forms a Bullish Reversal Pattern, Eyeing 35% RallyOn the daily chart, XRP appears to be forming an inverse head-and-shoulders pattern. The left shoulder and head are already visible, while the right shoulder is still forming around the $1.33 level.
Martinez said $1.55 is the key resistance, as it acts as the pattern’s neckline. If XRP breaks above this level, the pattern could be confirmed and trigger a 35% rally toward the $2 target.
On the flip side, XRP still needs to hold $1.20 to keep the bullish structure intact. A break below this support could weaken the setup and invalidate the pattern.
Golden Cross Adds Another Bullish SignalThe bullish chart setup is also supported by a possible golden cross. XRP’s 50-day moving average is now about 2% below its 200-day average, marking the closest gap since the token’s last golden cross in August 2024.
A golden cross forms when the 50-day moving average moves above the 200-day average. Traders often view it as a long-term bullish signal.
XRP’s history, however, shows mixed results. Five of its 10 successful golden crosses were followed by major gains within 90 days. The April 2017 crossover was followed by a 1,009.6% rally, while the February 2021 cross preceded a 135% rise.
Still, the longer-term record is less consistent. None of XRP’s previous 16 golden crosses lasted for 12 months, with each eventually followed by a death cross.
XRP Whale Inflows Hit Six-Month HighWhile the technical setup looks bullish, whale activity on Binance adds another factor for traders to watch. CryptoQuant data shows that the 30-day cumulative XRP inflow to Binance has reached around 1.6 billion XRP, its highest level since March 2026.
The figure had fallen steadily from March through July and dropped by 800 million XRP in August. It has since recovered sharply, reaching around 1.6 billion XRP in September.
Higher whale inflows do not automatically mean whales are selling. XRP can also be moved to Binance for trading, liquidity, or portfolio management.
For now, the 1.6 billion XRP figure points to higher whale activity on the exchange, rather than direct proof of selling.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
US Senator Elizabeth Warren, known for her strong criticism of cryptocurrency, has called for Congressional action on digital asset regulation. In a recently circulated video, Warren emphasized the need for crypto-specific legislation. “We need crypto legislation. I’ve been saying this for a long time,” she stated, signaling possible willingness to back targeted legal frameworks for the sector.
Senate blocks CLARITY Act in close voteOn September 15, the Senate narrowly rejected a procedural step to advance the CLARITY Act, with a 49-50 vote. None of the chamber’s Democrats supported the measure, and four Republicans—Collins, Hawley, Moran, and Tillis—also voted against it. The proposal needed 60 votes to move forward.
The CLARITY Act had been under negotiation for over a year, with Republican lawmakers incorporating 126 substantive changes at Democrats’ request. President Trump agreed to major ethics provisions covering key government officials, including Congress and the judiciary. Despite these concessions, talks broke down on the morning of the vote when Democrats submitted a final counter-offer, which Republicans declined.
Democratic senators did not back the bill, but several now say they support the goal of clearer regulation for crypto, raising the possibility of renewed negotiations.
Democrats reconsider talks after initial rejectionFollowing the failed vote, seven Senate Democrats expressed interest in reopening negotiations on the bill. These senators are now publicly voicing support for the principle of crypto legislation, even as they call for further dialogue. This marks a notable shift from their earlier position, when they blocked the measure while pushing for additional changes.
Elizabeth Warren’s recent remarks reflect this emerging stance within the Democratic Party, which appears increasingly open to addressing cryptocurrency regulation in Congress.
Procedural strategies keep the bill viableSenator Thom Tillis, one of the Republicans who voted against the measure, did so strategically to preserve the opportunity to revisit the bill. Under Senate rules, a senator who votes with the prevailing side can move for reconsideration. Tillis exercised this option within a minute of the vote’s conclusion, leaving the door open for a second cloture vote without needing a new motion to proceed.
This move ensures that the CLARITY Act technically remains alive and could return to the agenda, depending on further developments in negotiations.
Mini dictionary: CLARITY Act, a proposed US legislative bill designed to provide regulatory clarity for cryptocurrencies and digital assets. The passage of such a bill could influence how crypto projects operate and are supervised in the United States.
Prospects for renewed deal and crypto sentimentSocial media figures such as JackTheRippler have interpreted Democratic openness as a boost to the CLARITY Act’s future. He emphasized that seven Democratic senators now seek negotiations, a change from complete opposition, and pointed to statements from President Trump indicating readiness to sign the bill if passed by Congress.
The legislative timetable remains tight, with midterm elections approaching and limited available floor time in the Senate. However, given the procedural status and changing rhetoric among Democratic lawmakers, industry observers are watching for renewed momentum behind the bill.
Supporters argue the CLARITY Act remains a live issue, with both parties signaling a willingness to continue discussions on digital asset regulation.
The XRP Ledger Foundation has released version 3.4.0 of its open-source blockchain network, introducing new lending protocol amendments and a series of protocol fixes aimed at improving performance and security. The software update marks a significant step in expanding lending capabilities on the XRP Ledger, though the key features still require validator approval before they become active on the main network.
New lending protocol offers closed-ended vaults and accounting changesVersion 3.4.0 includes two major protocol amendments: LendingProtocolV1_1 and fixCleanup3_4_0. The LendingProtocolV1_1 amendment is designed to enhance the existing Single Asset Vaults by incorporating closed-ended vaults and shifting to cash-basis accounting for interest.
This updated protocol enables vaults to function through three defined phases: subscription, investment, and redemption. During subscription, network participants may deposit assets into a vault, after which the investment period begins. Once this phase starts, both deposits and withdrawals are paused, and pooled funds are allocated to originate loans.
Redemption then follows the investment period, allowing participants to claim their shares as eligible loans mature. The proposed structure would also require new loan brokers to utilize closed-ended vaults for loan origination, increasing transparency and methodical fund deployment.
A notable accounting shift means that interest income will only be recognized when borrowers actually make payments, altering the previous approach that accounted for interest at the time of loan origination.
Advancements in the protocol now allow interest to be recognized as income strictly when borrowers pay, moving away from earlier models that marked scheduled interest upfront.
Mini dictionary: XRPL (XRP Ledger), developed by Ripple Labs and the XRP Ledger Foundation, is a decentralized public blockchain optimized for fast and low-cost value transfer and tokenization.
Protocol updates and performance enhancementsBeyond lending, the fixCleanup3_4_0 amendment delivers a collection of network enhancements and issue resolutions. This update addresses protocol areas such as automated market makers (AMM), Multi-Purpose Tokens (MPT), non-fungible tokens (NFTs), escrow features, and permissioned trading.
Among the technical adjustments, the fix corrects Automated Market Maker Clawback behavior when MPT rounding yields a zero recovery, tightens balance and transfer checks on Multi-Purpose Tokens, and ensures compliance with protocol rules rather than mere log generation.
Additional improvements include the introduction of unique hash prefixes for counterparty and sponsor signatures, which aims to eliminate signature replay vulnerabilities across roles. The release also modifies node operations by pausing online deletion when ledger history gaps are detected, helping servers stay synchronized with the latest ledger entries.
Further refinements cover MPT freeze optimizations, improved peer-message handling for stronger security, and solutions for oversized transaction lists and malformed input data.
FeatureBefore 3.4.0After 3.4.0Lending Vault TypeOpen-endedClosed-endedInterest AccountingScheduled at loan originationCash-basis, when paidProtocol FixesKnown issues in AMM and MPTAddressed with fixCleanup3_4_0Node History ManagementLimited protection on ledger gapsOnline delete pauses on gapsValidator vote to determine activationAlthough XRPL 3.4.0 delivers the supporting code for new lending features, actual activation of these amendments depends on community governance. For a protocol change to become active, it must receive at least 80% approval from trusted validators for a continuous two-week period.
Until sufficient validator support is achieved, the lending protocol changes and other major updates remain dormant, serving only as technical infrastructure on the ledger. The XRP Ledger Foundation, which oversees development and network coordination, has encouraged operators to promptly upgrade to the latest version to ensure compatibility and stability.
Linux DEB and RPM installation packages for version 3.4.0 are available and signed by the Foundation. Operators may need to adjust repository configurations when updating from older versions.
The Foundation has called on server operators to adopt version 3.4.0 quickly to prepare the network for upcoming features and maintain optimal performance.
For now, the release lays groundwork for more robust lending options on the XRP Ledger, while emphasizing ongoing community participation in the network’s amendment process.
Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
Notes Convert at $10.20 After One YearEvernorth disclosed Thursday that the financing consists of $30 million of 4% convertible notes due in 2031, purchased by NH Investment & Securities as trustee for a South Korean investment fund.
After one year, the notes become convertible at an initial price of about $10.20 per share.
Armada shareholders are scheduled to vote on the merger Sept. 30.
XRP Slump Already Changed the DealEvernorth amended the merger terms in August after XRP fell from the $2.36 price used when the deal was signed. The revised structure adjusts the share count at closing based on XRP’s value, which Evernorth said should give each share a larger interest in the treasury if the token remains below that original price.
The company also bought 84.4 million XRP in November 2025 at an average price of about $2.54 per token.
Traders See $1 as More Likely Than $3Polymarket traders give XRP a 31% chance of falling to $1 again this year, against 6% for a touch of $3.
From around $1.38, a move to $1 would represent a decline of roughly 28%, while reaching $3 would require a gain of about 117%.
The market also puts the chance of XRP reaching $2.60 at 11%, roughly the level needed to exceed the $2.54 average Evernorth paid for its 84.4 million-token cash purchase.
The next major catalyst comes Sept. 30, when Armada shareholders vote on the Evernorth merger. Approval would clear a key hurdle toward the XRPN listing and release the new financing.
Image: Shutterstock
Read Next
Market News and Data brought to you by Benzinga APIs
Bitcoin (CRYPTO: BTC) has reclaimed $80,000 as Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) shot up 4%
Market commentator Bull Theory posted on X that over $170 million in shorts were liquidated in just 60 minutes and $130 billion added to the total crypto market cap in 24 hours.
The Wolf of All Streets podcast host Scott Melker said Bitcoin holding at $78,000 through a rate hike and the CLARITY Act’s defeat was itself the signal to watch.
“Bitcoin’s up 32% this quarter and nobody’s even paying attention,” Melker wrote, pointing to exchange collapses and heavy selling that failed to move price lower.
“I told you in my opinion that we had likely bottomed because bad news stopped mattering,” he added.
Meanwhile, popular market commentator Ash Crypto pointed out that the Fed will inject $16.5 billion into the economy starting Friday, with liquidity hitting markets over three consecutive weeks.
Under the New York Fed’s schedule, the central bank plans roughly $15.6 billion in Treasury bill purchases between Sept. 15 and Oct. 14, split across five operations.
The first settled Sept. 18, with the rest continuing through mid-October.
It is worth noting these are reinvestment purchases, not new quantitative easing. The buys replace principal payments from maturing agency debt and mortgage-backed securities rather than expanding the Fed’s balance sheet outright.
BTC, ETH, XRP Price Analysis: Key Levels to WatchBitcoin broke decisively above its descending triangle resistance Friday, with the 20-day EMA reclaimed as support and the path now open toward a retest of the $82,000 September high.
XRP bounces sharply off the support zone that has held since the late-August breakout from $1. The SAR sitting above price means the trend needs a clean break above $1.47 to confirm a full flip back to bullish.
Meanwhile, Ethereum pushes into the 0.5 to 0.618 Fibonacci retracement zone from its October 2025 to January 2026 decline. A weekly close above $2,672 opens the path toward $2,950 to $3,000.
Photo via Shutterstock
Read Next
Market News and Data brought to you by Benzinga APIs
Bitcoin (CRYPTO: BTC) on Friday picked up momentum to reclaim $78,000 for the first time in three days, while Ethereum (CRYPTO: ETH) followed higher to touch $2,500.
Ripple Chief Legal Officer Stuart Alderoty said politics took precedence over crypto policy this week, but argued that the roughly 67 million Americans who own or use crypto "are not going anywhere."
Why the Long-Term Outlook Remains StrongIndustry expert Scott Melker predicted about a month ago that "crypto is about to explode."
Speaking to the "When Shift Happens" podcast in August, Melker had reiterated his conviction even as near-term sentiment was subdued before Bitcoin’s surge above $75,000.
Unlike 2021–2022, when the industry faced aggressive U.S. enforcement and existential concerns, Bitcoin now has spot ETFs, governments discussing strategic reserves, Bitcoin mining, and growing adoption of blockchain infrastructure.
Melker’s thesis is to focus on Bitcoin’s long-term adoption rather than trying to predict the exact catalyst for the next rally.
ETH, XRP, DOGE Predicted To Move HigherCrypto chart analyst Ali Martinez on Friday said Ethereum remains inside its four-hour channel despite recent volatility. With ETH testing the lower boundary, he sees potential for a rebound toward $2,570.
A strong four-hour close above $2,570 with volume could confirm a breakout, putting $2,700 and potentially $3,000 in focus.
Martinez sees XRP forming the right shoulder of an inverse head-and-shoulders pattern, with $1.55 as the key neckline.
A confirmed breakout above could complete the bullish pattern and trigger a 35% rally toward $2, with potential for further upside.
Trader Tardigrade highlighted Dogecoin has touched its long-term weekly support trendline for the third time, which he views as confirmation of a potential bottom.
He said the setup mirrors previous DOGE cycles, when tests of the same trendline preceded rallies to new peaks, suggesting another major rebound could follow.
Bitcoin reclaimed $80,000 for the first time since early September as spot BTC ETF flows turned positive, adding momentum to a broader risk-on rally.
Notable Statistics:
Coinglass data shows 111,660 traders were liquidated in the past 24 hours for $547.80 million. SoSoValue data shows net inflows of $159.5 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $39.2 million. In the past 24 hours, top gainers include Akedo, NEAR Protocol and Arbitrum. Notable Developments:
XRP Skyrockets 6% as Whale Binance Inflows Hit 6-Month HighStrategy CEO Says ‘We’re Never Going To Stop’ Buying Bitcoin as MSTR Surges 11%Grayscale Says Rate Hike Is ‘Unlikely to Drive Major Shifts’ In BitcoinBitcoin Breaks Above $80,000 as CoinShares Warns Of a ‘Difficult Setup’ Into Year-EndCLARITY Act Failure ‘Begins and Ends With Trump,’ Industry Leader FumesBitcoin’s Much Less Volatile Than It Used to Be. BlackRock Says It Played a Part in That.Bitcoin Cracks $78,000 and Ethereum, XRP, Dogecoin May Be ‘About To Explode’Trader Notes:
Altcoin Sherpa predicts Bitcoin needs a strong break above $82,000 to open the door toward the $100,000 region.
Minor pullbacks could occur, but a breakout from its nearly month-long range is key.
KillaXBT plans to hedge 50% of his Bitcoin long exposure around $82,000-$84,000, with invalidation at $86,700. He remains heavily long but sees continued range-bound trading as the most likely near-term scenario.
Wick sees Bitcoin is attempting a Phase 2 continuation breakout but needs to reclaim stronger market structure to confirm further upside.
He emphasized managing risk amid heightened crypto volatility while turning daily setups into longer-term positions.
Image: Shutterstock
Read Next
Market News and Data brought to you by Benzinga APIs
Flare founder Hugo Philion has proposed a way for XRP holders to use their XRP on the XRP Ledger as collateral, borrow RLUSD through Flare, and receive the RLUSD directly in their XRPL wallet.
The idea would let users “borrow RLUSD against their XRP directly from the XRP Ledger” using Flare Smart Accounts, while keeping the borrowed RLUSD on the XRP Ledger.
However, this would require two things:
The Wormhole RLUSD bridge must be operational. XRP Ledger validators must approve the PermissionDelegationV1_1 amendment. PermissionDelegationV1_1 would allow XRPL accounts to give another account permission to perform certain transactions without sharing their private keys. This makes it easier to build more flexible account-management and application features.
How the XRP-RLUSD Flow Would Work Under Philion’s proposal, users will keep their XRP on the XRP Ledger instead of manually moving it between different wallets. Users could represent XRP on Flare as FXRP and use it as collateral to borrow RLUSD. Users can then send the borrowed RLUSD back to their XRP Ledger wallet.
In simple terms:
XRP on XRPL → FXRP on Flare → Borrow RLUSD → Receive RLUSD on XRPL
XRPL validator Vet described Flare as an “extended arm” of the XRP Ledger. In this setup, users deposit XRP on XRPL, receive FXRP on Flare, borrow RLUSD through Morpho, and get the RLUSD in their XRPL wallet without creating a new wallet or account.
The idea builds on Flare’s existing work to connect XRP with Ethereum-based DeFi. Flare has also received approval for an FXRP lending market involving RLUSD, with Morpho providing the lending infrastructure. Flare is developing Smart Accounts that could allow users to authorize the entire process directly from an XRP Ledger wallet.
Honestly, that's a very creative and impressive XRP unlock!
Flare acts as an extended arm for the XRP Ledger here.
Deposit XRP on XRPL -> Flare FXRP -> Borrows RLUSD on Morpho -> Receive RLUSD on XRPL in your wallet.
All that without new accounts or wallets. Even more bullish… https://t.co/PFDS6xsNLI pic.twitter.com/QgZ43yx8ay
— Vet (@Vet_X0) September 16, 2026
Permission Delegation Is Important PermissionDelegationV1_1 is important because it would allow an XRP Ledger account to let another account carry out certain transactions for it.
The feature uses a DelegateSet transaction to give, change, or remove specific permissions. The authorized account can then make approved transactions without taking control of the original account.
For the feature to go live, XRP Ledger validators must approve the amendment. According to XRPL documentation, it needs more than 80% validator support for two weeks before it can be activated.
For now, PermissionDelegationV1_1 is still going through the validator voting process. This means the proposed Flare lending system depends on the amendment being approved and activated.
Community Reacts to Flare’s XRP Lending Idea XRP commentator Eri said the proposal builds on infrastructure created through Ripple’s connection with Wormhole.
In simple terms, users could approve the transaction from their XRPL wallet, keep their XRP on the XRP Ledger, and receive RLUSD at the same address. The lending itself would happen through Ethereum-based infrastructure.
Another XRP community member, Krippenreiter, pointed out that users would start and finish the process on the XRP Ledger, while FXRP would represent their XRP on Flare and act as collateral.
This gives XRP holders access to decentralized lending without manually managing several blockchain accounts. For Flare, the proposal would strengthen its role as a link between the XRP Ledger and Ethereum-based DeFi.
XRP bears are currently facing resistance on the back of the recent rebound, but chart data suggests the downtrend may not be over.
XRP started the week under strong selling pressure after the U.S. Senate failed to advance the CLARITY Act, a bill that could have provided more regulatory clarity for digital assets.
The setback removed an important bullish factor for XRP and sent the token down to the $1.29-$1.30 range as sellers moved in. Since the SEC case, XRP has had links to U.S. regulatory developments, which made the Senate setback particularly important for the token.
XRP Records Bearish BoS On the 4-hour chart, XRP recorded a bearish Break of Structure (BoS) after falling below the $1.3325 swing low and closing at $1.2951.
The move took XRP below the broken support and the lower volatility band at $1.3023. At the same time, the EMA21 stood at $1.3585, while the EMA55 remained at $1.3726. Both moving averages stayed above the price, which created a strong resistance area.
The previous major swing high at $1.4961 had also remained untouched for eight bars, and this added to the signs of weak buying pressure.
XRP had already moved beyond its 1.5x ATR (Average True Range) envelope, showing that the decline had moved quickly and covered a large range in a short period. Such a sharp move can leave room for a temporary recovery before the next major price move.
The structure suggests XRP could see a possible recovery toward the $1.3325-$1.3585 area. In this scenario, the former support at $1.3325 could turn into resistance, while the EMA21 at $1.3585 could limit the recovery.
A rejection from that area would strengthen the case for another decline toward $1.2450, followed by the psychological $1.20 level and potentially $1.10 if selling pressure increased.
XRP Bearish BoS The key level that could invalidate the bearish setup remains the EMA55 at $1.3726. A 4-hour close above that level would weaken the bearish case and remove the basis for the lower targets.
Notably, the selling pressure also appeared in longer-term momentum, as XRP’s two-week RSI fell to around 33.5, the lowest reading shown across 13 years of XRP trading history.
Where XRP Stands Today Interestingly, buyers have since returned, leading to a mild XRP recovery. The token now trades around $1.33, up 2.4% over the past 24 hours, with trading volume above $2.48 billion. The broader recovery across the cryptocurrency market has also helped support XRP.
Bitcoin and Ethereum have also joined the recovery, trading above $78,000 and $2,500, at press time. This broader improvement has given XRP some support after the decline earlier in the week.
The daily chart now shows a more balanced market. XRP at $1.33 sits between the daily EMA20 at $1.34 and the EMA50 at $1.29, while the price remains almost exactly at the EMA200 of $1.33. The daily RSI at 49.56 sits near the middle of its range.
The Key Question Now Shorter timeframes now show stronger buying pressure. The 1-hour RSI stands at 65.02, while the 15-minute RSI is at 66.85. Both readings suggest that buyers have gained some strength in the short term.
The main area to watch remains $1.32-$1.34, which matches the zone identified in the earlier bearish setup. A break above this range could open the way toward $1.37 and then $1.46. Still, XRP needs to move through the wider resistance structure before the recent recovery can fully challenge the bearish setup.
Despite the ongoing rebound push, the original bearish structure remains relevant. XRP now trades closer to the $1.3726 EMA55 level that would invalidate the bearish setup.
A 4-hour close above $1.3726 would invalidate the structure and bring the $1.4961 swing high back into focus. On the other hand, a rejection from the current $1.33-$1.37 area would keep the downside levels at $1.2450, $1.20, and $1.10 relevant.
XRP, the cryptocurrency associated with fintech firm Ripple Labs, declined 7.3% on Tuesday to drop below the $1.30 mark. The move marks a 23% slide from its recent high near $1.68, pushing XRP’s market capitalization to around $81.68 billion. Trading volume over the last 24 hours stood at $4.12 billion.
Price pressure after August surgeAfter a strong performance in August, where XRP rallied from roughly $1 to almost $1.70 and delivered a 28.5% monthly gain, momentum has reversed. During that period, United States spot XRP exchange-traded funds drew $153.55 million, with most inflows—about $150.28 million—arriving in the final two weeks of the month.
Cryptocurrency analyst Cryptollica noted that XRP’s latest correction resulted in its lowest two-week Relative Strength Index (RSI) reading across the token’s entire 13-year history. Previous market downturns, such as those in 2018, during the COVID-19 turmoil in 2020, and throughout the 2022 bearish cycle, saw less severe RSI levels. Yet, Cryptollica pointed out that the coin continues to find support above its long-term rising trend.
XRP recently posted its lowest two-week RSI value since its inception, surpassing levels seen in 2018, 2020, and 2022 downturns. However, the price remains above its enduring long-term ascending structure, even as investor interest fluctuates.
Investor views and Ripple’s businessDubai-based investor Royal Kane publicly stated on X that he would not consider buying XRP at current valuations. Kane argued that with a market cap of $81.68 billion, XRP is too large for the type of high return he seeks, preferring lower-cap coins with emerging narratives such as Solana, Pepe, and Zcash.
Kane also asserted that Ripple “has no products or revenue.” In contrast, Ripple currently operates several business segments, including Ripple Payments, RLUSD (its stablecoin initiative), and Ripple Prime, an institutional brokerage established after acquiring Hidden Road.
Mini dictionary: Ripple Prime, an institutional platform for digital asset brokerage, was launched by Ripple after it acquired Hidden Road, aiming to enhance trading solutions for institutional clients.
Federal Reserve rate hike and market impactOn September 16, the Federal Reserve raised its benchmark interest rate by 25 basis points, bringing the target range to 3.75%–4%. This action, the first American rate hike since 2023, was anticipated by markets, which had priced in an 81% chance before the decision. Twelve of the 18 Fed officials signaled further increases may be likely. Higher interest rates bolster the appeal of U.S. Treasury assets when compared to more volatile investments like digital tokens.
Annual inflation in the United States reached 3.4% in August, driven in part by a 3.9% increase in fuel prices. The changing macroeconomic backdrop has contributed to recent weakness in speculative assets, including XRP.
Senate stalls digital asset legislationOn September 15, a Senate cloture vote on the Digital Asset Market CLARITY Act fell short, with 50 senators supporting and 49 opposed—missing the 60-vote threshold by 11 votes. The proposed legislation aimed to split cryptocurrency regulatory powers between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), offering the prospect of greater clarity around XRP’s regulatory status.
XRP maintains its legal standing after a 2023 decision by Judge Analisa Torres determined that programmatic sales of XRP on public trading platforms did not constitute securities offerings. Seven Democratic senators have since announced ongoing negotiations to revive the CLARITY Act, emphasizing that the failed cloture is “not the end.”
Seven Democratic senators have reaffirmed their commitment to advancing the Digital Asset Market CLARITY Act, following a narrow defeat that left the bill short of the Senate’s filibuster threshold.
Across derivatives markets, XRP open interest has fallen from $1.128 billion to $871.22 million in the past month. Meanwhile, Franklin Templeton’s XRPZ ETF brought in $3.5 million in inflows on September 16, marking a ten-day streak of positive flows, while comparable Bitcoin ETFs posted $295 million in outflows over the same period.
XRP Ledger, the distributed blockchain network that underpins $XRP, has rolled out a major software upgrade aimed at boosting efficiency, reliability, and security across its system.
Main features of version 3.4.0Version 3.4.0, launched this week, introduces a broad range of improvements, protocol changes, and bug fixes. The update also brings two new amendments, including an enhanced version of the network’s lending functionality. These changes collectively aim to streamline network operations and offer a more robust foundation for future developments.
While most adjustments take place under the hood, they are critical for how XRP Ledger servers operate. These servers are responsible for validating transactions, maintaining ledger copies, and interacting with other infrastructure nodes. By implementing these changes, the network aims to ensure smoother and more reliable performance for all participants.
Performance enhancements and protocol safeguardsAmong the notable updates, version 3.4.0 changes how servers handle the deletion of older ledger data. Previously, servers could continue removing outdated data even when recent transaction histories contained gaps. The new version alters this behavior by automatically pausing online deletion when such gaps are detected. This update is expected to help prevent servers from lagging behind in processing recent transactions during data cleanup.
Another technical enhancement focuses on Multi-Purpose Tokens, streamlining checks so that servers do not unnecessarily re-read the same data to determine if assets are frozen. These refinements are intended to increase the overall speed and efficiency of the network’s operation.
Mini dictionary: Multi-Purpose Tokens (MPTs) are a type of digital asset on the XRP Ledger that can represent various financial instruments or functions beyond simple value transfer, expanding the potential use cases on the network.
The latest release further addresses security by introducing protections against oversized transaction messages and refining server responses to unusual inputs or edge cases. These measures include stricter validation for certain transaction fields and safeguards limiting database operations that could overuse computing resources.
Software improvements and upgrade recommendationsIn addition to security and performance updates, the upgrade features significant maintenance work within the codebase. Developers have modernized numerous components, replaced outdated software libraries, and enhanced the test infrastructure, aiming for long-term network stability.
XRP Ledger’s developer community urges all node operators and administrators to transition their servers to version 3.4.0 promptly. Adopting this release is necessary for continued access to new features and uninterrupted service as the network prepares to implement its latest protocol amendments.
Version 3.4.0 of the XRP Ledger introduces crucial performance gains, a series of bug fixes, and tighter security, with a particular focus on ensuring servers remain up to date and resistant to edge-case scenarios.
The update marks another step in the ongoing evolution of XRP Ledger, which seeks to balance innovation and reliability for both institutional users and everyday participants.
Deutsche Bank, Germany’s largest financial institution, is expanding its partnership with Ripple by implementing the blockchain company’s infrastructure across key operational areas. The move has reignited interest in the XRP ecosystem as the bank leverages Ripple’s technology for faster and more efficient transactions.
Prominent crypto advocate Amelie (@_Crypto_Barbie) shared that Deutsche Bank is using Ripple’s blockchain platform for cross-border payments, adding that she sees “bright times ahead for $XRP and all its holders.” She highlighted an image from Traders Union with the caption, “Deutsche Bank adopts Ripple tech,” drawing renewed attention to the development within the XRP community.
Deutsche Bank has become another Ripple partner. Supporters believe this integration signals positive prospects for XRP and its holders.
The integration targets three core functions at Deutsche Bank: cross-border payments, foreign exchange operations, and digital asset custody. By leveraging Ripple’s blockchain, the bank aims to shorten settlement times from up to five business days to just seconds and reduce operational costs by as much as 30% according to industry estimates.
Deutsche Bank is also playing a role in SWIFT’s blockchain-based global payments initiative, collaborating with more than 40 major financial institutions. The dual engagement with SWIFT and Ripple situates the bank at the forefront of blockchain-driven financial innovation.
Mini dictionary: Deutsche Bank is one of the world’s largest multinational investment banks and financial services firms, based in Frankfurt, Germany, and recognized for its influence in both retail and institutional banking worldwide.
Area of IntegrationCurrent Settlement TimeTarget with RippleCross-border payments2–5 business daysSecondsForeign exchangeUp to several hoursSecondsCustody servicesSame day—up to several daysMinutes to secondsRipple and Deutsche Bank’s growing relationshipThe collaboration between Ripple and Deutsche Bank has strengthened over the past year. Deutsche Bank joined Ripple’s institutional platform in early 2026, entering a network of leading European financial organizations adopting blockchain solutions for operational efficiency.
In recent months, Ripple secured additional partnerships with Société Générale and Aviva Investors, major European entities collectively managing over $3 trillion in assets. Deutsche Bank remains one of Ripple’s most significant institutional clients, highlighting mainstream banking’s growing appetite for blockchain-based infrastructure.
Implications for XRP demandWhen top financial institutions adopt Ripple’s technologies, it reinforces Ripple’s role in institutional finance. Broader adoption increases potential demand for XRP, particularly if banks deploy Ripple’s On-Demand Liquidity (ODL) service. In that model, XRP functions as a bridge asset for real-time settlement between currencies, a scenario watched closely by XRP holders and market analysts alike.
The rapid integration of Ripple at scale could drive faster settlement, lower costs, and increased liquidity for banks using XRP as a core transactional asset.
Mini dictionary: Ripple’s On-Demand Liquidity (ODL) is a payment solution that uses XRP to enable instant cross-border transfers, eliminating the need for pre-funded accounts in destination currencies.
European adoption continues despite US setbacksThe news of Deutsche Bank’s commitment to Ripple’s infrastructure comes in the wake of legislative challenges in the US, where the Senate recently failed to pass the CLARITY Act aimed at regulatory certainty for cryptocurrencies.
Despite this setback, Deutsche Bank’s ongoing integration of Ripple technology highlights a trend toward accelerated blockchain adoption within Europe’s leading financial sector. The region’s institutions are making progress independently of US regulatory timelines.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Ripple Chief Technology Officer Emeritus and XRP Ledger architect, David Schwartz, has drawn the community's attention to yet another scam scheme on social network X.
By posting a pair of text GIFs under a fake post, the blockchain industry veteran personally pointed to the threat, which appears to have triggered a wave of user reports and led to the rapid suspension of accounts impersonating crypto wallet Xaman.
You Might Also Like
HOT Stories
The incident unfolded in the comments under posts by a hacked account of culture magazine "NplusOneMag", where scammers had launched an aggressive promotional campaign for a fake airdrop.
Instead of going through lengthy corporate procedures and preparing official statements, one of the chief architects of the XRP Ledger personally entered the scammers' thread and posted memes saying: "I can spot a scam from a mile away" and "This is a scam."
How XRP's "Guerrilla War" works and why it has to be fought manuallyFor the crypto community, Schwartz's reaction became a call to action. Users flooded the platform's administration with reports, helping get the fraudulent thread completely blocked before unsuspecting investors had time to lose funds.
For Schwartz, this fight is a routine guerrilla war. His profile has carried a pinned warning post for months: "Anyone claiming to be me on Instagram or Telegram is a scammer. Stay safe, XRP family."
Pinned scam alert posted by Ripple's CTO to warn the XRP community. Source: David Schwartz on X.comAcross the XRPL ecosystem, attacks targeting wallets have long become systematic. Scammers use the mechanics of hidden trading offers (Hidden Buy Offers) through NFT spam campaigns. Once a user approves a transaction in pursuit of a supposed bonus, the malicious transaction can completely drain their XRP balance.
You Might Also Like
Security in the retail sector still depends heavily on the personal vigilance of asset holders and the rapid manual response of the company's senior figures. Scammers will continue creating mirror accounts, and developers will continue getting them blocked. The only question is who will be faster during the next attack.
Ripple CTO Emeritus David Schwartz says his private XRPL hub has become noticeably more stable over the past two weeks.
Writing on X on September 17, Schwartz confirmed that active connections are back above 500. He does not know why, and that uncertainty is precisely what makes the update worth watching.
Schwartz’s Hub Recovers, With No Clear Explanation Schwartz posted that his XRPL hub had seen “fewer peer disconnects” over a two-week stretch. Charts attached to the post showed roughly 501 active peers, near a two-week high of 509.
A brief dip around September 15–16 was a monitoring glitch only, he clarified, not a real connection drop.
His follow-up post carried a dry note of self-awareness. Schwartz joked that someone might be making “meaningless inbound stable connections” just to make him feel satisfied. That humor aside, the numbers are real and the direction is positive.
Context matters here. Back in July, the hub was logging `onReadMessage: No message of desired type` errors and shedding peers.
Then came the network-wide manifest-flood period in late August. By early September, the hub was holding around ~400 peers.
Now it sits above 500, a quiet but meaningful recovery, as his earlier hub downtime during the xrpld 3.2.0 upgrade showed how quickly peer counts can slide when network stress bites.
Notably, the XRP Ledger 3.4.0 release, which shipped peer-protection improvements alongside new lending amendments.
Whether that explains the stability boost, Schwartz has not confirmed. The cause, for now, remains unknown.
Separately, the ledger itself has been printing load records. A 3,254-transaction block after fixCleanup activation showed that the protocol can absorb real throughput.
Meanwhile, Schwartz recently joined the XRP Ledger Foundation board, giving his public hub commentary added institutional weight.
What This Means for Investors, And What It Doesn’t Schwartz runs this XRPL hub as a high-capacity relay between UNL validators, other hubs, and application servers. It is not a consensus validator by itself.
When it holds 500+ healthy connections, it is a live signal that one major public relay is no longer under stress. That is relevant for operators. It is not a price catalyst.
On the market side, spot XRP ETFs have pulled in more than $1.7B in inflows, even as the XRP price has lagged under pressure from the Senate CLARITY Act cloture failure.
Hub peer counts do not close that valuation gap. Demand from ETF buyers and network-level health are different signals.
Some community accounts have already welded this XRPL hub update onto Schwartz’s older remark, that XRP could one day outpace Bitcoin in market cap, and onto unrelated token promotions.
Investors should keep those narratives separate. Schwartz has also been clear on the “ghost chain” debate, his hub is one node. It should never become a single point of reliance, or a single point of hype.
From on-chain data to charting, explore these free crypto tools every investor should know.
A recently published regulatory document has outlined how XRP can now be included in investment funds alongside traditional equities, giving investors integrated exposure through regulated financial products.
Crypto analyst Xaif Crypto shared details of a September 15 SEC filing on social platform X, focusing on the CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF. This exchange-traded fund allows investors to access both S&P 500 equities and the cryptocurrency XRP through a single instrument.
Xaif Crypto highlighted the fund’s structure, which blends established stock market assets with digital currency exposure, suggesting the traditional finance industry is embracing more hybrid products.
Investors can access a combination of S&P 500 companies and XRP in one exchange-traded product, offering a new kind of diversification.
The CYBER HORNET ETF, trading under ticker XXX, allocates 75% of its portfolio to S&P 500 companies and approximately 25% to XRP. According to its prospectus, the ETF tracks an index that merges an S&P Dow Jones Indices blend with an XRP price reference.
Nasdaq began listing the XXX ETF on January 30, 2026, enabling public trading several months before the most recent SEC filing cited by Xaif Crypto.
Mini dictionary: CYBER HORNET is an asset management company that operates funds with innovative structures, including hybrid exchange-traded products that combine traditional equities and digital assets like XRP. Such products aim to give investors diversified exposure while maintaining regulatory compliance.
ETF NameTickerS&P 500 AllocationXRP AllocationListed OnRebalancing FrequencyCYBER HORNET S&P 500 and XRP 75/25 Strategy ETFXXX75%25%NasdaqMonthlySEC filing details and structureThe September 15 filing, registered as a Form 485APOS by Harris Associates Investment Trust, includes the CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF in the list of securities within its exhibit index. Harris Associates Investment Trust is a financial institution providing regulatory filings for various funds.
This document functions as a post-effective amendment rather than an initial launch notification for the ETF. Its importance for observers like Xaif Crypto lies in showing that XRP is further integrated into conventional investment frameworks.
The post-effective amendment demonstrates how regulated investment structures can include digital assets such as XRP alongside established equity benchmarks.
Monthly rebalancing and potential implicationsThe fund is structured to rebalance monthly, as outlined in Nasdaq’s information circular. This process ensures the ETF consistently maintains the intended 75% S&P 500 and 25% XRP allocation as asset prices move.
This monthly adjustment means XRP exposure within the portfolio may rise or fall depending on market performance. However, rebalancing does not automatically produce consistent buying activity for XRP, as actual trades depend on portfolio management practices and relative asset movements.
Xaif Crypto referenced the filing as part of a broader trend, where digital assets like XRP are blended into established financial products, offering new access options for both institutional and individual investors seeking diversified exposure.
AI startup Mantic secures $25 million in funding to develop superhuman predictive capabilities.
AI developer Mantic announced Friday it has closed a $25 million seed funding round. The firm recently defeated human contestants in a prediction competition. Results from the 2026 Summer Cup, a London-based online prediction platform Metaculus that wrapped up this month, show Mantic’s probability forecasts for political, economic and cultural events outperformed human participants. The strong scores posted by Mantic and other AI entrants also mark the first time AI has dominated the competition. The funding round was led by Radical Ventures, with participation from Microsoft’s venture fund M12, AI startup Thinking Machines Lab, Balderton Capital and others; specific valuation was not disclosed. Mantic CEO Toby Shevlane said the company is focused on advancing humanity’s ability to understand the future. Founded in 2024 by Shevlane and Ben Day, Mantic enhances its forecasting capabilities by optimizing cutting-edge models developed by other AI labs specifically for prediction tasks, testing its systems against historical data, evaluating performance and iterating to improve accuracy. (Reuters)
3 minutes ago
Gravity’s G Token has surpassed $0.0085, rallying more than 100% in 24 hours.
According to HTX market data, Gravity’s token G has surged past $0.0085, currently trading at $0.00856, with a 100.24% gain over the past 24 hours. In related news, Gravity officially announced on September 17 that its testnet has integrated Chainlink CCIP cross-chain functionality.
3 minutes ago
Flap launches perpetual contract vault, and will activate its contract market simultaneously once the meme coin is issued.
According to official announcements, Flap has officially launched its Perpetual Contract Vault, powered by MYX Finance. This mechanism allows projects to open perpetual contract markets simultaneously after issuing meme tokens. Transaction taxes will flow into the vault and be automatically used to repurchase tokens, with the repurchased tokens then allocated as liquidity. Flap stated that token holders can earn two layers of returns: transaction tax rewards, and revenue from the perpetual markets, which includes trading fees and funding rate-related gains. The mechanism supports permissionless creation of perpetual markets for any asset from its launch day, eliminating the need for project audits or listing approval waits.
3 minutes ago
Grayscale's Zcash spot ETF (ticker: ZCSH) plans to implement a 3-for-1 share split.
According to a report by The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced today that it plans to implement a 3-for-1 forward share split for the fund. The split will not alter the total value of shareholders' investments.
3 minutes ago
a16z Recommends US SEC Regulate Cryptocurrency Trading Platforms Using the ATS Framework
On September 14, a16z submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), proposing that a more flexible, market-adaptable regulatory framework for crypto trading platforms (CTPs) be established by drawing on the existing Alternative Trading System (ATS) regulatory framework. a16z argues that the U.S. crypto market remains in its early stages with high retail participation, so the regulatory framework should clarify regulatory boundaries while leaving room for market deepening and innovation. The firm recommends that crypto trading platforms register with the SEC via a notice-based registration process, and allow platforms to trade both non-securities asset pairs (such as bitcoin and stablecoins) and securities-non-securities asset pairs simultaneously to prevent further fragmentation of the crypto market. Additionally, for CTPs trading NMS (National Market System) stocks like tokenized equities, Form ATS-N public disclosure requirements should only apply once they meet the trading volume thresholds set under existing Regulation ATS; information below the threshold should be kept confidential from both the SEC and platform users. a16z also suggests that crypto trading platforms should be subject to record-keeping requirements similar to those for ATS, and allow relevant records to be stored on the blockchain under specific conditions. It further proposes that platforms be permitted to set differentiated access permissions, rights, and obligations for different user groups. The firm states that the SEC should leverage the flexibility and innovative nature of ATS to set clear regulatory parameters for crypto trading platforms, while allowing operators to innovate and experiment within this framework.
@evernorthxrp has secured a $30 million convertible note funding commitment from South Korean institutional investor NH Investment & Securities, in a deal designed to deepen the company's $XRP treasury ahead of a planned Nasdaq listing.
The Structure of the Deal
Evernorth's XRP Treasury Ambitions
Sources:
Evernorth Holdings Inc. Form 425 Filing, U.S. Securities and Exchange Commission
XRP treasury firm Evernorth says SEC registration now effective, The Block
XRP Treasury Company Evernorth Secures $30 Million Convertible Bond Financing, PANews
The XRP Ledger Foundation has introduced significant updates aimed at expanding the use of the XRP Ledger (XRPL) in AI-driven payments and digital wallet interoperability. Developers can now access new tools that allow AI agents to interact with XRPL wallets and payment infrastructure, positioning XRP as a key asset in automated financial transactions.
The XRPL AI Starter Kit v1.1 now supports the Open Wallet Standard (OWS), an open-source specification that standardizes the interface for digital wallets across multiple blockchain networks. This upgrade enables developers to create wallets capable of holding addresses for XRPL as well as other networks, all within a single encrypted secure vault.
Previously, developers needed to implement a separate key management system for each blockchain network, which increased complexity and risk. The OWS integration allows agents to request signatures and handle transactions from XRPL through a consistent, policy-controlled interface.
Development documentation now outlines how to create an OWS-backed XRPL wallet, connect it to an AI agent, and conduct signed payments without directly exposing private keys to the agent. This advance is expected to streamline the development of wallet applications that span multiple blockchain systems.
Mini dictionary: XRP Ledger Foundation, a non-profit organization committed to advancing the development, adoption, and utility of the XRP Ledger protocol.
XRP enabled for machine-to-machine paymentsThe update also equips XRPL to support the Machine Payments Protocol (MPP), a standard for HTTP-based payments initiated by software agents or online services. Tempo and Stripe, known for payments infrastructure technology, co-authored the protocol. Services using MPP can now send 402 payment requests, prompting AI agents to authorize payments before granting access to requested resources.
XRPL enables single MPP payments using XRP, IOUs, and MPTs. The protocol offers rapid settlement, with XRP payments on XRPL finalizing within three to five seconds and sub-cent transaction fees. The deterministic finality feature ensures each transaction receives a clear confirmation without remaining in an ambiguous pending state.
XRP Ledger now integrates with the Open Wallet Standard and serves as a settlement option for the Machine Payments Protocol, letting AI agents process payments over native Payment Channels with deterministic finality.
Streaming payments through XRPL channelsSupport for session payments is added via XRP Ledger Payment Channels, allowing agents to issue signed payment vouchers while accessing a service. The payment channel mechanism reduces the need for recording each individual interaction on-chain. Instead, only two transactions are necessary: one to open the channel, and another to close it and settle the account.
New developer tools in the Starter Kit include the xrpl-mpp-sdk, designed to handle the 402 challenge-response authentication and manage sessions for supported payment modes. The team is also developing stablecoin support for payment channel sessions via the XLS-93d standard.
The v1.1 release introduces xrpl-up, a local XRPL testing environment, and an XRPL DEX trading skill for building autonomous trading applications driven by AI agents.
Documentation now enables developers to use XRPL’s Payment Channels for streaming session payments, allowing greater payment efficiency and automation between agents and services.
These developments mark a push by the XRP Ledger Foundation to deepen the role of AI-powered agents in financial applications, keeping XRP as the principal asset for streaming and automated transactions as XRPL connects with emerging open payment and wallet standards.
XRP's impending golden cross. (TradingView/CoinDesk)Buod
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Payments-focused cryptocurrency XRP (XRP) is on the verge of flashing a major bullish signal as bitcoin’s share of the crypto market drops and traders look to alternative coins.
That signal is the golden cross, and it could soon appear on XRP’s price charts.
A golden cross is confirmed when an asset’s 50-day moving average crosses above its 200-day average. It is widely viewed by chart analysts as a bullish long-term signal. The pattern has often delivered on that promise across many markets, including bitcoin, which recently confirmed its own golden cross.
So, in theory, XRP’s impending golden cross points to the potential for solid price gains. History, however, suggests caution. For XRP in particular, the golden cross has not been a reliable long-term predictor of sustained upside.
In fact, none of the 16 previous golden crosses lasted even 12 months and were quickly terminated by a death cross which, as the name suggests, is something of an alternative, bearish arrangement of moving averages.
That said, many of those golden crosses did produce impressive three-month gains (check Today’s Signal). Five of the 10 crosses that survived long enough to reach the three-month mark posted gains ranging from 85% to more than 1,000%, including a 1,009.6% run following the April 2017 cross and a 135% gain after the February 2021 cross.
Right now, XRP's 50-day average sits about 2% below its 200-day average, the closest since its last golden cross in August 2024.
Meanwhile, analysts are optimistic about bitcoin’s BTC$77,991.84
price prospects, given the cryptocurrency has weathered this week’s storm, marked by the Clarity Act setback and a Federal Reserve rate increase. The cryptocurrency is trading near $78,000, roughly unchanged from a week ago.
But its dominance rate, or share of total crypto market cap, has dropped to a one-month low of under 59%. That implies a rotation into altcoins and many of them, such as UNI, NEAR and ARB have surged by nearly 30% in 24 hours.
“Altcoins have accelerated sharply while the majors lag. Markets hope for SEC and CFTC crypto adoption, plus passage of the Bitcoin Reserve Bill,” Alex Kuptsikevich, the chief market analyst at The FxPro, said in an email.
“It appears that traders are cautiously shifting their focus towards altcoins, although neither the altcoin season index nor market sentiment has yet reached high levels,” he said. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trendingStocks and bonds dip as central banks jack up rates to tame inflation (Reuters): Global shares and bonds fell while the yen headed for its biggest daily slide since mid-February, after the BOJ raised interest rates to a 31-year high.Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says (CoinDesk): Iran has spent this year charging tankers between $1 million and $2 million to cross the Strait of Hormuz, and the U.S. Treasury said that since June, part of that money has moved through the Tehran-based crypto exchange BitBank.Ether and XRP ETFs post outflows as crypto majors move higher (CoinDesk): U.S. spot ether ETFs recorded roughly $39 million of net outflows on Thursday, a third consecutive day of withdrawals. XRP funds lost about $5 million, reversing a small inflow the day before. Bitcoin ETFs took in roughly $159 million.Asian shares finish higher, cheered by easing oil prices, but European benchmarks are slipping (AP): Asian equity indexes mostly rose Friday, getting a lift from a rally on Wall Street as well as declining oil prices, while European benchmarks slipped in early trading. U.S. shares look set to drift higher.Today’s signalXRP's golden cross: historical performance. (CoinDesk, TradingView)The table shows XRP's price performance three and 12 months after each of its 16 prior golden crosses, with crosses cut short by a death cross marked terminated.
Every single one was terminated within 12 months. Six didn't even survive three months. Of the 10 that did, five gained between 85% and over 1,000%, while five lost as much as 32%.
The data indicates that the golden cross, like most technical indicators, is not fully reliable when used in isolation.
Related Assets
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
XRP is setting up one of the more closely watched technical signals in crypto right now. As of early September 2026, the token’s 50-day simple moving average was sitting at roughly $1.197, closing in on the 150-day SMA at approximately $1.238. When the shorter average crosses above the longer one, traders call it a golden cross, and they tend to treat it as a sign that momentum has decisively shifted upward.
At the time of writing, XRP was trading near $1.33 to $1.35, having pulled back slightly from a September 8 price of around $1.39. That’s still a meaningful recovery from lows near $1.00 in August.
What the charts are actually saying The golden cross forming here involves the 50-day and 150-day simple moving averages, which is a slightly shorter setup than the classic 50/200 crossover most textbooks describe. That distinction matters, because on the longer exponential moving average timeframe, XRP is still firmly in death-cross territory. The 50-day EMA stands at $1.2860 while the 200-day EMA sits at $1.3539, meaning the short-term average is still below the long-term one.
A prior analogous moving-average configuration preceded a rally of more than 63%, lifting XRP from roughly $2.20 to above $3.60. That historical precedent is why the current formation is generating attention rather than being dismissed as noise.
Near-term, analyst targets cluster around the $1.50 to $1.70 range as the first meaningful resistance zone. Analyst EGRAG, working from an Elliott Wave framework, has outlined a longer-term scenario pointing toward $6.19 to $8.07, though that figure sits well beyond what the near-term chart action can confirm on its own.
Altcoin rotation is doing some of the heavy lifting XRP isn’t rallying in a vacuum. Bitcoin confirmed its own golden cross around September 8 to 9, 2026, which historically has been one of the conditions that allows capital to start rotating into altcoins.
Ripple’s broader ecosystem is also adding fundamental texture to what might otherwise be a purely chart-driven story. The company’s RLUSD stablecoin continues to expand its footprint in cross-border payments, giving XRP’s native network additional transaction volume and use-case legitimacy. Ripple has spent years building institutional rails in markets that traditional correspondent banking has historically served poorly, particularly in corridors across Southeast Asia and Latin America.
Where the risk lives The case for caution is straightforward. A golden cross between the 50-day and 150-day SMAs is a meaningful signal, but it’s not a guarantee of follow-through. The ongoing death cross on the 50/200 EMA chart is a real counterargument, not a technicality to wave away.
If XRP fails to hold above the $1.33 range and the moving averages begin to converge back rather than cross, the setup dissolves. A failure to confirm the breakout at $1.50 resistance could push price back toward the $1.20 to $1.25 zone where both moving averages currently reside.
Volume is the variable to watch. A golden cross confirmed on thin volume is the technical equivalent of a handshake without a signature. Institutional and retail buying would need to show up in meaningful size for the crossover to translate into a sustained trend rather than a brief spike followed by retracement.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A rare chart pattern in XRP’s history is pointing to a number that sounds almost too big to believe, $11, and the analyst behind the call says it’s not a guess, it’s based on math the market has followed before. XRP price is sitting at a make-or-break support zone right now. Hold it, and the next big rally could begin. Lose it, and a deeper pullback becomes more likely.
Where Does $11 Actually Come From?
This isn’t a random guess. It comes from a common pattern in technical analysis where one price swing tends to match the length of an earlier one. Looking back at XRP’s 2021 high and the moves since, the chart suggests XRP may have already completed two legs of a bigger pattern. If a third leg is now forming, and it moves the same distance as the first one, that math points almost exactly to $11.
Level That Decides Everything
For the path toward $11 to stay alive, XRP needs to hold the $1.10 to $1.38 zone. If it holds, the door stays open for a strong, sustained rally. If it breaks, or if the bounce looks weak and choppy instead of strong and structured, that would point toward a bigger pullback instead of a breakout.
What’s Happening Right Now, Up Close
Zooming into the shorter-term chart, XRP looks like it’s finishing a smaller pullback, currently testing support between $1.10 and $1.29. One more small dip wouldn’t be surprising, possibly down to $1.21 or even $1.15, though reaching that exact level isn’t necessary.
The main sign that this dip is over would be XRP climbing back above $1.49. After that, the next real test is whether it can break above its high from August 22.
Why This Will Take Time
XRP can rally fast once it gets going, like it did right after its August low. But pullbacks and corrections like the one happening now tend to drag on much longer than the rallies that follow them. Reaching $11 isn’t something that happens overnight. It would take holding support now, then building real strength over the coming weeks and months.
$11 is a real target based on the chart’s structure, but it’s a long-term possibility, not a next-week prediction. The immediate focus is simple: can XRP hold its current support? If yes, the bigger bullish story stays alive. If not, a deeper correction becomes the more likely path instead.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP treasury firm Evernorth Holdings has secured a $30 million convertible-note commitment from South Korea’s NH Investment & Securities. The financing is tied to Evernorth’s planned SPAC merger with Armada Acquisition Corp. II.
It is expected to give the company more capital for XRP purchases as it prepares for its Nasdaq listing under the ticker XRPN.
Evernorth Secures $30M Convertible FinancingAccording to the SEC Form 8-K filing, Evernorth entered into a Note Purchase Agreement with NH Investment & Securities, which is acting as trustee for Kyobo AIM Corporate Finance General Private Investment Trust.
Under the agreement, Evernorth will issue $30 million of 4% Convertible Senior PIK Notes due 2031. The notes can be converted into cash, Evernorth Class A shares, or a combination of both, at the purchaser’s election.
The filing also identifies Ripple as Evernorth’s sole stockholder as of the date of the Note Purchase Agreement. It shows Ripple had provided Evernorth and Pathfinder with related-party revolving credit facilities.
Pathfinder had approximately $5.05 million outstanding under its $7 million facility as of March 31, 2026.
Evernorth Moves Closer to Nasdaq ListingThe $30 million financing is tied directly to Evernorth’s planned public listing through its merger with Armada Acquisition Corp. II. The SEC filing states that the note issuance will close only if the business combination is completed, which is currently expected in the fourth quarter of 2026.
Evernorth’s Form S-4 registration statement was declared effective on August 27, bringing the company closer to completing the SPAC transaction.
As part of its strategy, Evernorth plans to deploy capital across the XRP economy through different strategies designed to increase XRP per share over time.
Meanwhile, Armada shareholders are scheduled to vote on the business combination on September 30. If approved and completed, the combined company is expected to begin trading on Nasdaq under the ticker XRPN.
Evernorth Builds Its XRP TreasuryThe new financing gives Evernorth another potential source of capital as it builds its XRP-focused treasury ahead of its planned public listing. The deal also brings South Korean institutional capital into Evernorth’s XRP strategy.
Earlier, Evernorth founder and CEO Asheesh Birla said,
“We set out to build an actively managed XRP treasury with the transparency and governance public markets demand.”
Evernorth has received early backing from Ripple, Pantera Capital and SBI Group. The company is using a corporate treasury model similar to MicroStrategy, raising capital through convertible debt to expand its digital asset holdings.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) This week, Ethereum is up 2% after buyers defended support at $2,400. As long as this key level holds, the price has a good chance to make higher highs in the near term.
Previously, sellers returned at $2,500 and pushed ETH into a pullback, which appears to be ending at the time of this post. Another test of this level could lead to a breakout and a renewed rally, as long as the buy volume supports it.
Looking ahead, Ethereum remains in an uptrend with clear higher lows. This places bulls at an advantage, which they can capitalize on by breaking above $2,500. That would also allow ETH to expand all the way to $2,800 before sellers make their presence known again.
Source: TradingView Ripple (XRP) XRP also closed the week in green, albeit with a modest 1% gain. Still, this allowed buyers to push it above the support at $1.3, which was momentarily lost. This recovery is a positive sign and could encourage further gains in the near future.
The recent correction was also somewhat expected considering that this cryptocurrency rallied to $1.6 in less than a week. Forming a strong base around $1.3 is also critical if XRP wants to break $1.6.
Looking ahead, XRP is forming a clear bullish pattern with higher highs and lows. If the current resistance breaks, then $2 becomes the next major target and will likely act as a magnet for buyers.
Source: TradingView Cardano (ADA) ADA had a good week with an 8% rally that saw the price reverse the recent losses and return on the offensive, with the $0.23 resistance as its major target. Should $0.23 break on a renewed push, this cryptocurrency will aim for $0.30 next.
The current support is just under $0.20 and held well in the recent test. This allowed Cardano to attract new buyers, who are currently dominating the chart. The question is if sellers will return again at $0.23.
Looking ahead, ADA needs to break the current resistance to confirm its bottom under $0.15 and allow the price to expand quickly toward $0.30 and beyond. For that to happen, buyers will have to bring stronger volume.
Source: TradingView Binance Coin (BNB) Binance Coin closed 4% higher after buyers managed to re-confirm the support at $690. This returned confidence in the price action, which is now aiming to make a higher high and, hopefully, aim for $900 next.
This also suggests that the drop under $580 in July was a bearish trap and local low. That’s because, since then, the price has been going up only, despite any pullbacks, which are normal.
Looking ahead, it is likely that BNB will continue its rally and revisit the price levels from early 2026 at around $900. That’s where buyers and sellers will become very active, and the winner will decide how this cryptocurrency closes the year.
Source: TradingView
Source: TradingView Hype (HYPE) This week, Hyperliquid concluded its correction and pumped by 11%, making it the best performer on our list. While the price did not make a new record, it’s very close to doing so and may soon move beyond $90, if this momentum persists.
Hopefully, buyers will turn $85 into a key support. That would allow the price to expand further and eventually aim for $100, which is a key psychological level that everyone is waiting for.
Looking ahead, HYPE’s rally has a good chance to continue, but it is likely to face difficulties as soon as it approaches a three-digit valuation. That’s because sellers could return there to book profits just as another record price is made.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Bitget Widens Reserve Coverage to 19 AssetsCrypto exchange Bitget has significantly broadened its Proof of Reserves (PoR) framework, . The update brings a much larger share of user holdings into its reserve verification infrastructure.
Merkle Tree Checks and a 122% Reserve Ratio
Bitget CEO Gracy Chen framed the expansion as a matter of user empowerment.
Bitget Official Blog: Bitget Expands Proof of Reserves to 19 Assets | Invezz: Bitget Broadens Proof of Reserves as 15+ Assets Become Verifiable | Chainwire: Bitget Publishes 45th Consecutive Monthly Proof-of-Reserves Report
XRP (CRYPTO: XRP) gained Thursday as Ripple expanded the XRP Ledger into AI-driven payments, adding XRP support to the Machine Payments Protocol co-authored by Stripe and Tempo.
Why XRP, RLUSD Could Be Top Developer ChoicesRipple released version 1.1 of its XRP Ledger AI Starter Kit, adding support for the Machine Payments Protocol (MPP) and the Open Wallet Standard.
MPP is an open standard developed by Stripe and Tempo that allows AI agents to pay for online services without traditional accounts or checkout flows.
The integration makes XRPL a settlement option within MPP, allowing AI agents to make single payments using XRP, issued assets such as Ripple USD (CRYPTO: RLUSD) and Multi-Purpose Tokens.
XRP also supports MPP session payments through XRPL Payment Channels.
Stablecoin-based session payments are not yet available and depend on a proposed XRPL upgrade.
"Agentic payments will be multi-platform and multi-rail," RippleX Head of Product Jazzi Cooper said, adding that Ripple’s goal is to make XRP and RLUSD "first-class options wherever developers are building."
Will XRP Hold $1.30?XRP traded around $1.30 on Thursday after suffering a sell-off earlier this week.
Trader Cryptollica highlighted an extreme momentum reading, saying XRP’s two-week relative strength index has fallen to its lowest level in the 13-year chart history.
It is below the readings recorded during the 2018 bear market, the 2020 COVID crash and the 2022 downturn.
Despite the deeply oversold reading, the trader noted that XRP remains above its long-term rising structure.
Cryptollica argued that the combination of washed-out momentum and intact long-term support could become significant if the structure continues to hold.
Image: Shutterstock
Read Next
Market News and Data brought to you by Benzinga APIs
XRP is now back under scrutiny with popular Dubai crypto investor Royal Kane bowing to “never” buy the crypto. His comments coincided with a prolonged XRP downtrend as the price dropped below the crucial $1.30 threshold.
Dubai Investor Stays Firm Against Investing In XRP Kane wrote on X, “I would never invest in Ripple at this stage because its market cap is already too large.” He pointed to XRP’s roughly $81 billion market capitalization as a major concern.
He also claimed Ripple has “no products or revenue whatsoever.” However, these comments are Kane’s investment thesis and should not be construed as being a stand-alone statement.
Moreover, he attached his analysis of a chart of the XRP price performance over the last year, and how quickly it has fallen. At the beginning of 2025, the XRP price was trading for around $3.04. It then fell to under $1.70 and suffered a loss in strength all year 2026.
The chart shows that the price of XRP is currently hovering around $1.30. It has a market cap of $81.68 billion as well. It was traded 24 hours worth of $4.12 billion. The chart shows that XRP is down 29.18% YTD.
$XRP Analysis
Many people have been asking me for an analysis of Ripple.
I would never invest in Ripple at this stage because its market cap is already too large , market cap is $81B but it has no products or revenue whatsoever
Instead, I look for coins with smaller market cap… https://t.co/PQCAyHO9FT pic.twitter.com/tWbWjVVXM8
— Royal Kane (@RoyalKane_X) September 17, 2026
Kane likened XRP to tokens with lesser market caps, which were able to cash in on robust market stories. He pointed to the “ETH killer” story of Solana and Pepe’s community growth. Additionally, he spoke about the Zcash and said that it has an adoption trajectory similar to Bitcoin’s, but with a different story regarding its supply.
Kane said investors should instead “find a coin with a compelling narrative for the coming years.”
The Fed & CLARITY Act Pressure For context, Ripple’s XRP is underperforming in the recent times and the pressure from macro and regulatory side.
The Fed on Sept. 16 raised rates by an astounding 25 basis points. The new target range is 3.75% to 4%. No objections were raised. Forecasts by Fed officials also showed 12 of 18 officials expect additional gains this year.
This mood has been weighing on risk assets. Traders on prediction markets also are betting on the chance of more hikes later this year.
The CLARITY Act setback is further acting as a catalyst. The Senate failed to advance the crypto market structure bill on Tuesday. It needed 60 votes for passage but only managed to get 49 votes in favor with 50 against. There were four Republicans, who voted against the measure with the Democrats.
After the setback, XRP price lost 7.3% to trade at $1.31 on Tuesday. This is the latest drop coming after it recently surged to a high of $1.68 level, which shows a 23% plunge from recent peak.
XRP posted one of its most extreme momentum indicators on record this week, touching levels unseen throughout its trading history while maintaining position above a major long-term technical support.
XRP’s momentum at historic lowsCryptollica, an independent on-chain analyst, highlighted that XRP’s two-week Relative Strength Index (RSI) has fallen to the lowest mark in 13 years, registering below figures recorded during previous significant downturns, including the 2018 bear market, the COVID-19 crash of March 2020, and the 2022 sector downturn.
XRP is currently trading near $1.30 following a rapid correction earlier in the week. The RSI on the two-week timeframe is close to 33.5, based on Cryptollica’s analysis, indicating a deeply oversold condition by historical standards.
XRP’s two-week RSI has dropped below levels seen during every major selloff since 2011, pushing the market into territory that raises fresh questions about potential exhaustion among sellers or risks of deeper declines.
This development stands out as the indicator reflects both an unusually weak momentum reading and continued defense of a technical structure. The long-term rising channel in which XRP has traded since early cycles remains intact, acting as a support through several market drawdowns.
Key price levels to watchEarlier this week, XRP’s price fell sharply from approximately $1.49 to an intraday low close to $1.27, before partially recovering to the current $1.30 mark. Such price action leaves XRP testing the lower boundary of its multiyear upward channel.
While an extreme RSI often attracts attention as a signal for a potential reversal, analysts caution that momentum indicators alone do not confirm a market bottom. Prices can continue to fall for extended periods despite deeply oversold readings.
Technical analysis also highlights the 20-week exponential moving average (EMA) near $1.29 as a crucial threshold. Closing below this level on a weekly basis could open the door to a further correction toward the psychological $1.00 region.
Technical LevelValueImplication20-week EMA$1.29Support; break could trigger more sellingKey Resistance$1.34 – $1.36Near-term resistanceRecovery Zone$1.38 – $1.40Potential rebound areaSupport Target$1.00Next major support if $1.29 failsResistance between $1.34 and $1.36, along with a stronger potential recovery zone around $1.38 to $1.40, will challenge any rebound effort. These price areas have previously acted as pivot points for the token.
Outlook for XRPXRP now stands at what traders consider a critical juncture for its technical outlook. If the $1.29 support holds, and the two-week RSI begins to improve, market observers may view this period as a sign of seller exhaustion. Conversely, a convincing breakdown below this level could shift attention toward lower support zones and diminish the relevance of the long-standing rising channel.
Current conditions leave XRP at a rare intersection of historically weak momentum and a still-viable multi-cycle price structure, making the next few sessions pivotal for its trend direction.
XRP’s fate over the coming weeks likely depends on whether buyers defend these key thresholds or if continued weakness drives further declines.
Mini dictionary: Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements. Values below 30 are typically considered oversold, while those above 70 are viewed as overbought. The two-week RSI provides a longer-term momentum perspective than the daily or weekly RSI.
David Schwartz has spotted an unexplained improvement in the performance of his XRP Ledger infrastructure.
His XRPL hub has climbed back above 500 connected peers after becoming noticeably more stable over the past two weeks.
The Ripple executive says he has been seeing fewer peer disconnects, but he admits that he does not yet know what is behind the improvement.
HOT Stories
“Over the past two weeks my hub has mysteriously gotten more stable and reliable with fewer peer disconnects. I'm not sure of the cause, but I'll take it. I'm back over 500 peers!” Schwartz wrote on X.
The accompanying chart shows that the hub had 501 active peers at the latest reading, very close to its two-week high of 509.
What Schwartz actually meansSchwartz is talking specifically about his own XRPL hub server.
A hub server maintains connections with numerous other servers participating in the XRP Ledger network. These peer-to-peer connections allow servers to exchange ledger data, transactions, and other network information.
You Might Also Like
A server that repeatedly loses peers has to re-establish those connections. Fewer disconnects therefore generally mean that its connections are remaining alive for longer, giving the operator a more stable and predictable networking environment.
That is what Schwartz appears to mean when he says his hub has become “more stable and reliable.”
The two-week chart covering Sept. 3 through Sept. 17 makes the improvement particularly visible.
That does not by itself explain why the connections are also disconnecting less frequently, however. Schwartz did not offer a theory about what changed.
The unexplained improvement naturally prompted speculation among Schwartz's followers.
One user asked whether he had a theory for the sudden change, while another wondered whether an AI model was being used on the hub.
Others responded more playfully. One commenter joked that some kind of “Stablegeist” might be responsible, while another demanded to know which XRP community “Riddler” was currently on duty.
For now, however, Schwartz himself appears just as uncertain about the cause.
The Federal Reserve’s upcoming rate decision has captured widespread attention in the crypto sector, as traders brace for key signals on US monetary policy. Crypto analyst EGRAG CRYPTO suggested that the actual market driver will be Federal Reserve Chair Kevin Warsh’s statements following the Federal Open Market Committee (FOMC) meeting, rather than the anticipated 25-basis-point hike itself.
Senate blocks CLARITY Act, XRP and Bitcoin declineThe US Senate blocked the CLARITY Act in a narrow 49-50 vote, removing a potential catalyst for regulatory reform in digital assets. The failure of the legislation led to a sharp decrease in XRP’s price, which fell nearly 10%. Bitcoin also traded lower, dropping below $76,000 after the vote.
The CLARITY Act aimed to provide clearer regulatory definitions for cryptocurrencies, a move that market participants believed could foster industry growth and investor confidence. Instead, the legislative setback weighed heavily on sentiment, overshadowing other events for many traders.
The defeat of the CLARITY Act sent XRP down almost 10%, while Bitcoin slipped below $76,000 in the immediate aftermath.
Kevin Warsh’s policy style compared to PowellKevin Warsh, who succeeded Jerome Powell as Federal Reserve Chair, has adopted a markedly different communication style. While Powell favored consistent forward guidance, Warsh has chosen to keep markets guessing about upcoming moves. At the recent Jackson Hole Economic Symposium, Warsh stated he is committed to a “discipline, not to a decision,” declining to signal future rate changes in advance.
In the same speech, Warsh emphasized that “underlying inflation trends have not meaningfully improved” and said the Federal Reserve’s job is not done. This stance shifted market expectations, which had previously predicted little likelihood of a rate hike before December, to a strong consensus for a 25 basis point increase at the September meeting.
EGRAG CRYPTO highlighted that markets now widely anticipate a hike to the 3.75%–4.00% range. He expects Warsh to deliver the increase to assert his credibility on inflation.
Mini dictionary: Kevin Warsh is the current Chair of the US Federal Reserve, a central banking system that determines key US interest rates and influences global financial conditions.
Fed ChairPolicy StyleMarket ApproachJerome PowellForward guidanceTransparent, advance signalsKevin WarshDisciplined, noncommittalLimited signals, more uncertaintyWarsh described his strategy at Jackson Hole as “a discipline, not to a decision,” making it clear he would not give advance signals about future rate hikes.
Rate hike expected, focus turns to press conferenceAccording to EGRAG CRYPTO, the market has already priced in a 25bps rate increase, shifting attention to Warsh’s subsequent press conference. Investment bank JPMorgan predicts the S&P 500 could move between +1% and –2% based on the tone of Warsh’s statements. A hawkish signal is expected to create pressure on risk assets, including stocks and cryptocurrencies, while indications of the end of the tightening cycle could lift sentiment.
Black Swan scenario and outlook for XRPEGRAG CRYPTO also suggests that a significant “Black Swan” economic event could force the Federal Reserve to reverse course and introduce aggressive rate cuts. Historically, lower interest rates and easing liquidity have provided strong tailwinds for digital assets, including $XRP.
For XRP holders, the analyst advises maintaining cash reserves and focusing not just on the rate hike, but on the possibility of a rapid policy shift if economic conditions deteriorate. The broader context of monetary policy now takes center stage after the CLARITY Act’s failure to pass.
Mini dictionary: A “Black Swan” event refers to a rare and unpredictable occurrence with significant market impact, typically beyond standard expectations.
XRP Price Holds Above $1.29 as Futures Leverage Resets
Ahmed Barakat
Author
Ahmed Barakat
Part of the Team Since
Mar 2024
About Author
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
Has Also Written
Fact Checked by
CryptoNews Editorial Team
Author
CryptoNews Editorial Team
Part of the Team Since
Sep 2018
About Author
The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...
Has Also Written
Last updated:
XRP price trades near $1.30, going up by as little as 1%, even as open interest across its derivatives market has fallen from $1.128 billion in August to $871.22 million now, a decline of more than $250 million in under a month.
That gap between a resilient spot price and a shrinking futures book forces a specific question: is this a genuine retreat of bullish conviction, or a leverage reset happening alongside steady spot demand?
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Why Falling Open Interest Does Not Yet Confirm a Bearish Turn?A drop in open interest typically means traders are closing futures positions, getting liquidated, or repositioning ahead of a move. This particular decline does not automatically signal a bearish shift in Ripple’s token; it may simply reflect traders cutting exposure rather than committing to a directional bet.
The venue-level numbers back that reading. Binance open interest fell from $558 million to $423 million, while Bybit dropped from $379 million to $291 million over the same stretch, a broad-based contraction rather than a single-exchange anomaly.
What keeps this from reading as outright capitulation is positioning and funding. Binance’s OI-weighted funding rate remains positive, meaning long exposure still outweighs short exposure among the contracts that are still open. The overall 24-hour long/short ratio sits at 0.9904, close to balanced, but that headline number masks a lopsided picture among larger accounts.
MetricLong/Short RatioOverall XRP long/short (24h)0.9904Binance XRP/USDT (accounts)2.5311OKX XRP (accounts)3.08Binance top traders (accounts)2.9293Binance top traders (positions)1.7289Binance and OKX account-level data show traders leaning long by a factor of roughly 2.5 to 3, and even Binance’s top traders remain net long by both account count and position size. Liquidations over the past 24 hours totaled $9.67 million, split almost evenly between $4.87 million in longs and $4.80 million in shorts – hardly a one-sided flush.
The 12-hour window told a different story: $500.96K in long liquidations against just $148.49K in shorts, lining up with a stretch of price weakness that preceded today’s bounce. That imbalance matters for timing but doesn’t override the broader positioning picture once the 24-hour window is considered.
Spot demand adds another layer to the deleveraging narrative. XRP ETFs pulled in $3.5 million on September 16 through Franklin Templeton’s XRPZ fund, extending a ten-day inflow streak even as the price dipped that day. Bitcoin ETFs saw $295 million in outflows, and Ethereum ETFs lost $224 million over the same period, making XRP one of the few crypto ETF categories still attracting net buyers.
Context from earlier in September adds nuance without contradicting the current picture. A September 7 report noted Binance funding had briefly turned negative that week following heavy liquidations, before the positive readings referenced in today’s data returned. ‘
Separately, CryptoQuant contributor Amr Taha flagged an “unusual structure” around that same date, where rising open interest coincided with persistently negative perpetual CVD, a reminder that open interest and taker-side flow don’t always move in lockstep, and that today’s contraction sits within a market that has already whipsawed through several leverage cycles this month.
Discover: The Best Token Presales
The $1.29 XRP Price Support Test That Could Put $1 Back in FocusXRP is currently sitting mid-range inside an 8-hour parallel channel, bounded by a descending resistance line and a descending support line that have contained price for weeks.
On the weekly chart, that compression maps directly onto two moving averages: the 50-week EMA resistance at $1.52 and the 20-week EMA support at $1.29.
The 0.382 Fibonacci retracement level lines up almost exactly with that 20-week EMA near $1.29, reinforcing it as the level bulls need to defend. At $1.3059, XRP is trading just above that zone, inside a channel midline roughly between $1.30 and $1.35.
A daily or weekly close below $1.29 would break both the 20-week EMA and the Fibonacci confluence at once, putting the psychological $1 support zone back in play. On the upside, clearing $1.40 would break the descending channel resistance and open a path toward $1.60–$1.70, closer to the 50-week EMA.
For a closer look at how this range has formed, this technical outlook near the same $1.30 area covers the same compression from a different angle.
XRP has fallen below the key $1.30 level after losing 7.3% on Tuesday, while Dubai-based crypto investor Royal Kane has ruled out buying the token because of its $81 billion market value.
Summary
XRP has dropped 23% from its recent high near $1.68. Royal Kane cited XRP’s large market capitalization in rejecting an investment. The Federal Reserve raised interest rates by 25 basis points on Sep. 16. The CLARITY Act failed to advance after a 50-49 Senate vote. Royal Kane, a Dubai-based crypto investor, wrote on X that he would not invest in XRP at its present valuation, pointing to the token’s market capitalization as the main reason for his position.
“I would never invest in Ripple at this stage because its market cap is already too large,” Kane said.
Market data included in the source report placed XRP near $1.30, with a market capitalization of about $81.68 billion and 24-hour trading volume of $4.12 billion. The token was also down 29.18% since the start of 2026.
Kane argued that assets with lower valuations may offer more room to benefit from a strong investment story. He cited Solana’s earlier “Ethereum killer” label, the community growth surrounding Pepe, and Zcash’s adoption case as examples of narratives that attracted traders.
Rather than presenting a price target for XRP, he told investors to “find a coin with a compelling narrative for the coming years.”
XRP price has dropped 23% from its recent peak Selling pressure has erased much of XRP’s latest rebound, pulling its price from a recent high near $1.68 to approximately $1.30. A move between the two levels amounts to a decline of about 23%.
The retreat followed a stronger period for XRP in August, when the token climbed from around $1 to a monthly high near $1.70. According to September escrow data, XRP gained 28.5% in August even after Ripple released 1 billion tokens from escrow on Sep. 1.
Ripple’s scheduled release was valued at about $1.38 billion at the time. The company historically returns much of each monthly allocation to escrow, limiting the amount that can enter circulation.
Institutional demand also supported the August rally. The report found that U.S. spot XRP exchange-traded funds attracted $153.55 million during the month, including $150.28 million over its final two weeks. XRP Ledger payment volume rose 521% in one week, driven by larger transfers rather than an increase in transaction count.
Price action has since reversed as traders have reacted to tighter U.S. monetary policy and another delay in federal crypto legislation. XRP fell 7.3% on Tuesday and traded around $1.31 after the Senate vote, according to figures cited in the source report.
Kane’s criticism focuses on XRP’s $81B valuation At an estimated $81.68 billion, XRP’s market capitalization remains one of the largest in the digital asset market. Kane views that size as a limit on potential returns because the token would require substantial new capital to produce the percentage gains available to smaller assets.
His comments also included a claim that Ripple has “no products or revenue whatsoever.” Ripple is privately held and does not publish the same quarterly financial statements required from a U.S.-listed public company, leaving investors with less information about its revenue than they would receive from an exchange-listed business.
However, the company publicly operates several products and services. Its businesses include Ripple Payments, the RLUSD stablecoin, and Ripple Prime, the institutional brokerage formed after its acquisition of Hidden Road. Ripple has also announced custody and treasury services for corporate clients.
Kane’s investment thesis therefore separates XRP’s market value from his assessment of Ripple’s commercial operations. XRP is the native asset of the XRP Ledger, while Ripple is a private technology company that holds a substantial quantity of the token and develops services that can use the network.
The distinction matters because buying XRP does not provide equity ownership in Ripple, a claim on the company’s revenue or voting rights over its business. XRP holders instead gain exposure to the market price of the token, which can respond to network activity, liquidity, speculation, regulations, and Ripple-related developments.
Fed rate increase has raised pressure on risk assets Macroeconomic conditions have added another source of uncertainty for XRP and other cryptocurrencies. On Sep. 16, the Federal Reserve raised its benchmark interest rate by 25 basis points, taking the target range to 3.75% to 4%.
The unanimous decision delivered the first U.S. rate increase since 2023. Projections released by the central bank showed that 12 of 18 officials expected additional increases during the year, according to the source report.
Higher interest rates can increase returns on U.S. government debt and money-market products, giving American investors more yield-bearing alternatives to cryptocurrencies. Digital assets do not provide a fixed return, and tighter financial conditions can reduce demand for speculative investments.
Before the decision, U.S. inflation data had strengthened expectations for a rate increase. As crypto.news previously reported, annual inflation reached 3.4% in August, while consumer prices rose 0.4% from the previous month.
Energy costs rose 2.1% during August, with gasoline prices climbing 3.9%. Core consumer prices, which exclude food and energy, increased 0.3% on the month, exceeding the 0.2% estimate cited in the report.
Prediction-market traders raised the probability of a quarter-point increase to 81% after the inflation release. Although such contracts represent wagers rather than official Fed guidance, their pricing showed that traders had largely prepared for higher borrowing costs before the meeting.
CLARITY Act defeat has left XRP policy questions open Regulatory pressure increased on Sep. 15 when the U.S. Senate rejected cloture on the Digital Asset Market CLARITY Act. The motion received 49 votes in favor and 50 against, falling 11 votes short of the 60 needed to open formal debate.
The vote carried particular importance for XRP because the legislation would divide oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Its treatment of network tokens could affect how XRP and other crypto assets are classified in U.S. markets.
Hours before the vote, Senate Republicans circulated a revised 635-page draft that added language covering ancillary assets. The proposal described an ancillary asset as a network token whose value depends on the managerial or entrepreneurial work of an originator or a related party.
Under the draft’s wording, XRP could have been treated as a digital commodity in secondary-market transactions regardless of the quantity controlled by Ripple. The proposal did not receive enough support to move into debate, leaving the existing legal and regulatory framework in place.
XRP still benefits from the 2023 ruling by U.S. District Judge Analisa Torres, who found that Ripple’s programmatic XRP sales on public exchanges did not constitute securities transactions. The same ruling found that the company’s direct institutional sales violated securities law, creating different treatment based on how the tokens were offered.
Negotiations have not ended despite the failed vote. Seven Senate Democrats have since reopened CLARITY Act talks and said the rejected cloture motion was “not the end” of the legislative effort.
The Senate’s official roll call shows that 49 lawmakers supported advancing the measure while 50 opposed it, meaning any renewed attempt would require at least 11 additional votes to reach the cloture threshold.
Ripple has announced the integration of XRP and RLUSD for AI agents’ online service payments via a new payments standard co-developed with Stripe and Tempo. This development involves the Machine Payments Protocol (MPP) and Open Wallet Standard, which are part of Ripple’s broader strategy to enhance the XRP Ledger’s capabilities. The integration reflects Ripple’s ongoing efforts to support multiple machine-payment standards and boost the utility of its native token, XRP, and its stablecoin, Ripple USD (RLUSD).
The market for XRP appears to be taking note of this announcement, as it suggests a potential increase in adoption and utility for XRP. Market pricing indicates a slight increase in the perceived likelihood of XRP reaching certain price thresholds in September. Despite this, the current market odds remain relatively low, with the probability of XRP reaching $3.00 by October 1st standing at 1%.
Key Takeaways Ripple’s integration of XRP and RLUSD for AI payments appears to enhance the utility of its digital assets. Market pricing suggests participants see a potential, albeit moderate, increase in XRP’s adoption due to this development. The probability of XRP reaching $3.00 remains low, but the announcement could influence future market movements. What to Watch Watch for any further announcements from Ripple that could impact XRP’s utility and adoption. Developments related to the U.S. Senate’s CLARITY Act and broader crypto market conditions may also influence XRP’s price trajectory. Any significant partnerships or technical upgrades announced by Ripple could provide additional support for a YES outcome in reaching higher price thresholds.
Get live prediction-market analysis, powered by Vera. Sign up for Vera.
Term Structure
Contract Odds Δ since publish Volume 24h October 1 2026 0.8% 0.0¢ $11K View market → October 1 2026 1.7% -0.1¢ $599 View market → October 1 2026 3.1% 0.0¢ $477 View market → October 1 2026 5.1% -0.4¢ $960 View market → October 1 2026 0.4% 0.0¢ $529 View market → October 1 2026 1.2% 0.0¢ $41 View market → October 1 2026 2.1% -0.6¢ $200 View market → October 1 2026 9.3% +0.5¢ $3K View market → October 1 2026 13% -1.5¢ $5K View market → Updated 6min ago
David Schwartz, Chief Technology Officer at Ripple, has reported a significant and unexplained improvement in the stability of his personal XRP Ledger (XRPL) hub server. Over the past two weeks, Schwartz observed that his server’s peer connections have become more reliable, helping the number of active connections rise above 500 for the first time in several weeks.
XRPL hub server reaches new stabilitySchwartz stated that his server has sustained connections with over 500 peers, compared to previous periods of frequent disconnects. At its most recent reading, the chart he shared showed 501 active peers, which is near the recent two-week high of 509.
“Over the past two weeks my hub has mysteriously gotten more stable and reliable with fewer peer disconnects. I’m not sure of the cause, but I’ll take it. I’m back over 500 peers!” Schwartz wrote on X.
Over the last two weeks, Schwartz noticed his XRPL server operating more predictably, with fewer dropped connections and a more stable presence in the network.
This improved connection stability comes after a period when the server had experienced frequent interruptions, requiring it to continuously re-establish peer connections. Sustained connectivity typically indicates a healthier server environment, with better data consistency and network participation.
Understanding XRPL infrastructureAn XRPL hub server, such as the one operated by Schwartz, is responsible for maintaining connections with many other servers on the XRP Ledger network. Through these peer-to-peer links, servers exchange ledger data, transaction information, and other vital messages for the functioning of the decentralized network.
When a server repeatedly drops connections, operators may struggle to maintain a steady network presence. Reliable connections reduce resource consumption and foster a more predictable environment for validating transactions and sharing data.
Mini dictionary: XRPL hub server — A specialized server within the XRP Ledger network that maintains numerous connections with other servers, enabling efficient communication, data propagation, and transaction processing.
No clear explanation for the changeDespite noting this marked improvement, Schwartz admitted he was unaware of what caused his hub’s new stability. The two-week data chart covering September 3 to September 17 visually reflects the positive trend, but does not identify the underlying reason for the reduced disconnects.
His post prompted speculation from followers on social media. Some suggested possible explanations, including advanced interventions such as an artificial intelligence model operating on the server. Others took a more humorous approach, mentioning supernatural causes or fictional characters within the XRP community.
Schwartz, however, stated that he remains just as uncertain as his audience, with no clear theory about the sudden change in server performance.
Crypto analyst CasiTrades has highlighted three key price levels that could shape the next steps for $XRP, following recent volatility and consolidation. CasiTrades, known for her technical analysis, suggested traders should monitor macro Fibonacci levels instead of reacting to short-term price moves.
$1.10 becomes first major supportOn a 4-hour XRP/USD chart, CasiTrades highlighted the region around $1.105 as the primary support zone. This level coincides with the macro .786 Fibonacci retracement and, according to her analysis, shows heightened confluence and significance for a potential XRP purchase.
She indicated that if XRP holds above this support, the focus would remain on a larger Wave 3 structure, opening the possibility for a move above $2. The attached chart in her research places the .786 Fibonacci level at approximately $1.0851, in line with the $1.105 area mentioned.
CasiTrades outlined her strategy by stating that she expects only three possible moves, viewing most of the activity between the macro .786 and .618 Fibonacci levels as insignificant compared to broader price trends. She regards $1.105 as the first significant support and a priority for any buy orders.
The analyst explained that her approach is focused on waiting for XRP to approach these larger zones rather than reacting to fluctuations within the consolidation range.
$0.87 identified as potential deeper entryCasiTrades also pointed to the macro .854 Fibonacci level near $0.87 as a second area of interest. On her chart, this zone appears around $0.8619, with the analyst suggesting a broader range centered on $0.87.
Rather than attempting to time the exact low, CasiTrades plans to set buy orders with a buffer near $0.94 to increase the likelihood of filling an entry. She indicated that a visit to the .854 level would not invalidate her bullish outlook, but it would require recalibrating the trend count from this new low and could extend the duration of the anticipated structure.
She stresses that the larger trend would persist as long as significant support zones are respected, despite potential dips below current levels.
$1.65 becomes relevant after a move to $1.78The third scenario CasiTrades described involves a stronger breakout from current consolidation. If XRP climbs above the macro 0.618 resistance—approximately $1.64 on the chart—and pushes to $1.78, the relevance of the lower support levels would diminish.
In such a case, the analyst expects that $1.65 could become a fresh support level after a successful retest of the .618 Fibonacci line, which may allow the bullish structure to rebuild from a higher base.
Throughout her analysis, CasiTrades emphasized the importance of avoiding emotionally driven decisions and focusing on price behavior at major technical levels rather than smaller, unpredictable moves during market consolidation.
She summarized her method by concentrating on $1.10 as initial support, $0.87 for possible deeper buying, or $1.65 as support following a move to $1.78. She advised maintaining discipline and patience in the face of uncertainty.
As market structures develop between major Fibonacci bands, the trend toward direct exposure to real-world assets within the crypto sector has accelerated. While traditional markets often involve multiple brokers and intermediaries, major institutions such as Wall Street are adopting Web3 platforms. Investors have begun using services like 1stepSwap, where they can hold shares of leading US companies—as well as gold and silver—directly in their crypto wallets. These platforms achieve this by tokenizing real-world assets, automatically securing the most competitive prices instantly and removing the need for middlemen.
XRP Ledger version 3.4.0 is now available, bringing changes to its lending framework alongside new amendments, stronger peer protections and performance updates aimed at improving how network nodes operate.
XRP Ledger 3.4.0 Brings Lending Changes The XRP Ledger Foundation released version 3.4.0 with Lending Protocol v1.1 among the amendments open for voting. The improvement introduces closed-ended vaults and cash-basis accounting to the lending framework.
XRPL features lending loans based on the XLS-66 specification, which offers fixed-term loans with the use of Single Asset Vaults. The model uses off-chain underwriting and risk assessment instead of requiring each loan to have on-chain collateral.
However, installing XRPL 3.4.0 does not automatically activate the new lending functions. Before the network can adopt the amendment, validators need to support the amendment.
Formal verification is also being used for the Lending Protocol by the developers. This method leverages mathematical proofs to verify the protocol’s behavior under specific inputs, in addition to traditional software testing.
Version 3.4.0 Adds Fixes and Node Updates Another amendment included with the release is fixCleanup, which groups several fixes into one proposal. The update comes after previous cleanup efforts of Single Asset Vaults, lending and automated market makers and other functions of XRPL.
Version 3.4.0 also modifies the behavior of nodes regarding missing ledger history. Online deletion now pauses when the software detects a gap, helping a node remain closer to the latest validated ledger.
Meanwhile, the developers made changes to the peer protocol and the Multi-Purpose Token freeze checks. These modifications are targeted to the network communication and the pace of particular checks that XRPL software carries out.
XRPL Moves Packages to New Repository XRPL software packages have been replaced on packages.xrplf.org and now have an XRP Ledger Foundation signing key. The update requires a node operator to update their repository configuration prior to installing the release if they are using version 3.3.0 or below.
This upgrade will require the running of one or more additional commands on some operators. The XRPL documentation provides manual instructions for Ubuntu installations affected by the repository change.
The amendments will take effect based on the outcome of validator voting. XRPL amendments must reach the required support level and maintain it through the activation period before the network adopts them.
Version 3.4.0 therefore provides the software for the proposed lending changes while leaving their activation to the XRP Ledger’s amendment voting process.
For more on XRPL, multi-purpose tokens support real-world asset issuers expanding on-chain debt and credit markets.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The intersection of artificial intelligence and blockchain is rapidly evolving as large-scale networks push beyond theoretical discussions toward tangible applications. Two significant developments highlight the growing role of AI in enhancing both security and transaction capabilities within the crypto ecosystem.
Ethereum’s AI-assisted code verification advancesEthereum co-founder Vitalik Buterin has advocated for integrating AI-assisted formal verification to secure critical segments of blockchain code. Buterin envisions a future in which artificial intelligence not only proves complex mathematical theorems but also verifies program security with lasting assurances for developers and users.
Formal verification involves writing mathematical proofs by hand and checking them with computer assistance to guarantee that software behaves strictly according to its specifications. Unlike traditional testing, this approach seeks complete trust in the code base.
Not all AI models are equally reliable in this context. OpenAI’s EVMbench research reported that current models may produce misleading outputs by hallucinating vulnerabilities or missing intricate dependencies in Solidity, Ethereum’s primary smart contract language. Such gaps risk overlooking security flaws that might persist if reviews depend solely on AI.
Buterin maintains that the implementation of AI-assisted verification—supported by robust mathematical proofs—addresses these risks. He argues this approach is essential for developers, auditors, and institutions as reliance on blockchain technology rises.
AI-assisted code verification offers lasting protection, allowing developers to trust that critical software components remain secure even as systems expand.
Previously, teams would verify only select, sensitive parts of their software, often leaving networking and server layers unchecked. According to Buterin, advances in AI now enable comprehensive verification across broader sections of blockchain frameworks.
The Ethereum Foundation and Lean Ethereum lead the initiative, leveraging the Lean prover and Arklib—an open-source package for verified STARKs—to validate clients, zero-knowledge technologies, and Ethereum Virtual Machine implementations.
Mini dictionary: Lean prover, Lean is an open-source formal proof software system designed to help mathematicians and developers create and check mathematical proofs for software correctness. Arklib is a specialized library used to verify zero-knowledge cryptographic proofs (STARKs) within blockchain clients and systems.
XRP Ledger integration with Machine Payments ProtocolWhile Ethereum focuses on AI-driven security, the XRP Ledger (XRPL) has been incorporated as a settlement option in the Machine Payments Protocol (MPP), an open standard co-developed by Stripe and Tempo for autonomous agent payments. This integration enables AI agents and automated software to use XRPL for direct settlement of microtransactions.
MPP is designed for agentic commerce, allowing AI systems to carry out payments for accessing APIs, data, compute, or commercial services without human involvement. XRP settlement offers near-instant finality in three to five seconds, low transaction fees, and built-in support for diverse assets.
The collaboration includes contributors from Ripple and XRPL, Stripe, and Tempo, which specializes in payments for agent-based systems. The protocol’s design allows enterprises to use XRPL for distribution without requiring merchants to directly custody cryptocurrency, addressing a common hurdle for widespread adoption.
For exchanges and digital wallets, this signals a potential rise in demand for microtransaction infrastructure and irreversible settlement flows, a market segment where conventional card networks may not effectively compete.
XRP integration into the Machine Payments Protocol enables rapid, efficient, and neutral settlement for automated software agents, laying the groundwork for widespread machine-to-machine transactions.
Network/ProtocolFocusAI RoleKey Technical BenefitEthereumCode VerificationAI-assisted formal verificationEnhanced security via proven mathematical correctnessXRP Ledger (via MPP)SettlementAI-driven automated paymentsFast, low-cost, and neutral transaction settlementOutlook: Regulatory clarity and technical innovation to drive adoptionThese developments come as regulators in the US and EU increase scrutiny on software reliability in financial infrastructure. The focus is shifting toward clear standards for stablecoins, automated payments, and legal responsibilities surrounding autonomous agents under frameworks such as MICA.
Networks capable of delivering software with verified code and auditable payments position themselves to adapt to evolving regulations. For Ethereum, upcoming milestones include the Lean Ethereum release and progress on verified EVM precompiles, which may guide industry best practices. For the Machine Payments Protocol, pilot transaction volumes, software development kit rollouts, and multi-chain support will be key factors to watch.
An amendment under review by trusted validators could introduce a significant new financial tool to the XRP Ledger, enabling native borrowing of RLUSD stablecoin against XRP. The proposed amendment, called Permission Delegation and established on the XLS-75 standard, would allow XRP Ledger accounts to delegate transaction permissions without sharing signing keys.
Flare Network’s Vision for RLUSD on XRPLHugo Philion, co-founder of Flare Network—a blockchain network focused on smart contract interoperability—outlined a scenario where users could borrow RLUSD, a decentralized USD-pegged stablecoin, directly against their XRP. He proposed using Flare’s smart account technology so that RLUSD would be delivered on the XRP Ledger itself, rather than requiring users to move assets to other blockchains or exchanges.
For this feature to become a reality, the Wormhole bridge for RLUSD must be activated, and this process depends on validators approving the Permission Delegation amendment. Flare Network is known for facilitating interoperability between blockchains, aiming to expand DeFi access on networks such as XRP Ledger.
Mini dictionary: Wormhole bridge, a cross-chain protocol that enables asset transfers between different blockchains, allowing tokens like RLUSD to move between Flare Network and the XRP Ledger.
Philion stressed his ambition for users to directly borrow RLUSD using their XRP holdings via Flare smart accounts, receiving those funds natively on the XRP Ledger. He emphasized that for this to be achieved, both the Wormhole bridge for RLUSD and the Permission Delegation amendment must be in place.
Validator Voting ProgressThe amendment vote commenced with the launch of XRP Ledger’s version 3.3.0 on August 12, 2026. Data from XRPScan as of September 16 indicate that 23 out of 35 trusted validators have expressed support for the change, equating to a consensus rate of nearly 66%. The amendment will require at least 29 affirmative votes, representing over 80% validator approval, maintained over a two-week window for activation. Consequently, six more validators are needed before the amendment can be implemented.
The validator voting chart highlights gradual and steady growth in support, rising from zero at launch to the current levels, with the pace of adoption accelerating recently. While the outcome remains uncertain, the trend points towards broader acceptance.
RequirementCurrent SupportNeeded for ActivationTotal Validators3535Votes in Favor2329Consensus (%)65.71%80%+Potential Impact on XRP UtilityIf enacted, Permission Delegation would for the first time allow XRP holders to borrow RLUSD against their assets without leaving the strict confines of the XRP Ledger. At present, users seeking such liquidity need to rely on third-party exchanges or external protocols. Flare’s collaboration and the introduction of the Wormhole bridge infrastructure aim to address this limitation and promote XRPL-native lending.
Enabling on-chain collateralized borrowing is expected to appeal to institutions looking to deploy capital efficiently as well as retail holders seeking liquidity without sacrificing their XRP positions. This broader access to liquidity could attract new participants and increase the appeal of holding XRP within the ecosystem.
Bringing new financial tools such as on-chain RLUSD borrowing to the XRP Ledger strengthens its overall utility and encourages broader adoption by both individual and institutional participants.
By enhancing the productive use of XRP as collateral, the amendment and accompanying infrastructure could create fresh demand within the network. Supporters argue that such developments often correlate with heightened interest and potential price gains for the underlying token.
Interim Solutions and OutlookWhile the full integration awaits validator consensus, Philion highlighted that Flare is working on a temporary solution. Until the Wormhole bridge is fully operational, users will be able to receive borrowed RLUSD credits to their exchange accounts rather than directly to their XRPL addresses. The ultimate goal remains for validators to cross the 80% approval threshold, unlocking the envisioned cross-chain borrowing capabilities.
No timeline has been set for when the final votes may be cast, but the amendment’s gradual progress is being closely watched within the broader XRP and Flare communities.
Five Validator Votes Between XRP Holders and Native RLUSD Borrowing@FlareNetworks co-founder Hugo Philion (@HugoPhilion) has outlined a plan that would let $XRP holders borrow RLUSD directly on the XRP Ledger, without moving assets to another chain. The mechanism relies on Flare smart accounts and the Wormhole bridge for RLUSD.
That amendment is now within striking distance. Support has since climbed to 24 of the 35 trusted validators, five short of the 29 needed to trigger the two-week activation countdown.
A Rocky Road: Why the Amendment Was Pulled Once BeforeThe road to this vote has not been straightforward. An earlier version of the Permission Delegation amendment was withdrawn in 2025 after a serious flaw was discovered.
The replacement, PermissionDelegationV1_1, underwent a thorough independent review before returning to the vote.
Meanwhile, Flare has already taken a first step toward putting $XRP to work in DeFi. Philion has described the longer-term ambition as removing that complexity entirely.
With 24 of the 35 required validators already on board, the remaining five votes could unlock a native borrowing experience that keeps users entirely within the XRP Ledger ecosystem.
Sources:
Crypto News: XRP as DeFi collateral via Flare and Morpho
CoinDesk: Flare's wrapped XRP wins approval in $280 million RLUSD lending vault
CoinTurk: Flare co-founder pushes XRP Ledger for RLUSD borrowing
XRP slipped below the Ichimoku Cloud on the back of the latest price crash, flipping the $1.33 level to the most immediate support.
XRP fell 9% on Sept. 15 after the CLARITY Act vote failed, pushing the cryptocurrency below the Ichimoku Cloud on its daily chart. The drop also took XRP below $1.3300, turning an important support level into resistance.
Currently, XRP trades around $1.3010, just above the 0.5 Fibonacci retracement at $1.2950. The sell-off has weakened several parts of XRP’s technical structure, but some indicators still leave room for a possible recovery.
XRP’s September Crash XRP entered September in a stronger position after its August rally pushed the token out of a long period of consolidation.
The move took XRP above $1.3300, which then became an important support level after it pulled back from the $1.69 high. However, the Sept. 15 failure of the CLARITY Act vote triggered a massive sell-off, sending XRP about 9% lower in one session.
The drop erased weeks of consolidation and pushed XRP below $1.3300. It also weakened several technical structures that had supported the earlier rally.
By the time of this press, XRP had fallen to around $1.3010 and was trading close to the $1.2950 0.5 Fibonacci level. The next few sessions could help in determining whether XRP can stabilize or face another decline.
XRP Falls Below the Ichimoku Cloud The Ichimoku Cloud has now become one of the main technical hurdles for XRP. On the daily chart, XRP trades below both cloud boundaries, with Senkou Span A at $1.3850 and Senkou Span B at $1.3426.
Notably, trading below both levels gives the Ichimoku setup a bearish reading and places the cloud above XRP as resistance.
XRP Ichimoku Cloud The Tenkan-sen also sits above the current price at $1.3701, while the Kijun-sen sits at $1.3999. With XRP around $1.3010, the token remains below both lines.
This shows that XRP has lost several important short- and medium-term levels. The Kijun-sen at $1.3999 is especially important because XRP needs to recover above it to improve the daily chart’s technical structure.
The future cloud gives a slightly different signal. The projected Kumo is narrowing in the near term and could later twist, meaning the longer-term trend could change if XRP improves. Before that can happen, however, XRP needs to reclaim $1.3426 at Senkou Span B and move back into the cloud.
$1.3300 Becomes XRP’s Key Resistance The $1.3300 level is now critical because it had served as support after the August breakout. XRP lost that level during the Sept. 15 crash, flipping it from support to resistance. A daily close above $1.3300 would give buyers an important technical level to work with.
Several resistance levels sit above $1.3300. Senkou Span B stands at $1.3426, while Senkou Span A rests at $1.3850 and the Kijun-sen at $1.3999.
The 0.618 Fibonacci retracement at $1.3802 also falls within this area, creating a resistance zone between about $1.38 and $1.40. Above that, XRP faces major horizontal resistance at $1.4900.
A confirmed daily close above $1.4900 would change the current range structure. For now, though, XRP must first recover the lower resistance levels before $1.4900 becomes a realistic focus.
XRP DMI Shows a Strong Trend but Mixed Pressure The daily Directional Movement Index gives a mixed view of XRP’s current setup. The Average Directional Index stands at 35.28, above the 25 level commonly used to identify a meaningful trend. This shows that XRP remains in a strong directional market.
Meanwhile, the +DI, which measures bullish pressure, stands at 25.41, while the -DI, which measures bearish pressure, sits at 17.18. With these figures, the +DI remains above the -DI despite the September 15 sell-off.
The -DI rose sharply during the crash but has since stabilized. At the same time, the +DI dropped during the sell-off but has managed to hold its current position. This leaves the DMI picture mixed.
XRP Fibonacci Levels The Fibonacci retracement drawn from XRP’s August low of $0.9887 to its high of $1.6962 shows the key levels on both sides of the current price. At $1.3010, XRP sits only slightly above the 0.5 Fibonacci retracement at $1.2950.
XRP Fibonacci Levels A daily close below $1.2950 could bring the next major Fibonacci level at $1.1815 into focus. That level represents the 0.33 retracement. A deeper decline could then expose the 0.236 level at $1.1230. For the current technical structure to hold, buyers need to defend the $1.2950 area.
On the upside, XRP first needs to recover $1.3300 before it can challenge the 0.618 Fibonacci level at $1.3802. Above that, the 0.786 level sits at $1.5112, followed by the 0.888 level at $1.5967.
The longer-term Fibonacci extension targets stand at $1.9644 and $2.1208, although these levels only become relevant if XRP first breaks convincingly above the $1.6962 August high. For now, $1.3300 remains the key level XRP needs to reclaim after the Sept. 15 breakdown.
XRP Ledger (XRPL) activity has intensified, with both transaction volume and the network’s built-in burn rate climbing noticeably, according to recent network data. Amid this trend, the XRP burn mechanism—which permanently removes a portion of tokens in the form of transaction fees—has become a focal point for observers tracking the asset’s supply and overall health.
Ledger activity and burn mechanism pick up paceRecent XRPL data show that the network processed roughly 2.1 million transactions, marking a 23.9% increase compared to previous periods. Successful transactions reached 1.6 million, up 15.7%, while the number of transactions per ledger rose by 24.6% to 103.33. Payments led the surge with a 31.5% jump to 708,100.
XRPL, launched by Ripple Labs as a decentralized blockchain focused on fast, low-cost cross-border payments, stands out among public blockchains because transaction fees are permanently destroyed rather than distributed to validators. This burning of XRP tokens means network activity directly influences the rate at which XRP is removed from circulation.
The latest figures indicate that 337.2 XRP were burned in transaction fees, slightly above the 30-day average of 319 XRP. Over the past year, the network recorded several spikes in burn rate, including a September incident where burn volume exceeded 1,000 XRP.
Mini dictionary: XRPL Burn Mechanism, the process by which a small amount of XRP is permanently destroyed as each transaction fee, reducing token supply modestly over time while helping prevent spam transactions.
Despite an uptick in activity, analysts say that the number of tokens destroyed remains minuscule relative to XRP’s circulating supply, which totals in the tens of billions. Consequently, these small burns do little to influence market scarcity or price in the short term. Instead, a rising burn rate is most important as a sign of growing XRPL usage.
XRP technical outlook and key price levelsXRP’s price action has turned cautious after a sharp decline from the $1.40–$1.45 consolidation range. The price currently stands near $1.30, having briefly touched lows around $1.27 and slipping below the long-term moving average set at $1.35. This technical breakdown was paired with a noticeable increase in selling volume.
A secondary moving average now offers support in the $1.27 to $1.30 range, while the area between $1.24 and $1.25 has become significant for risk management. During most of the rally after August, the relative strength index (RSI) stayed elevated but has since eased back toward neutral readings.
Price rangeStatusSupport/Resistance$1.40–$1.45Previous consolidationResistance$1.35Long-term moving averageResistance$1.27–$1.30Recent supportSupport$1.24–$1.25Lower supportSupportTo regain momentum, bulls would first need to push XRP back above $1.35, then reclaim the $1.40–$1.45 range. While higher XRPL activity is constructive for long-term fundamentals, current burn rates remain too low to create any immediate impact on XRP’s supply dynamics.
Market participants are closely watching the ability of buyers to defend support near $1.27–$1.30. The short-term price outlook may depend on whether recent selling pressure can be absorbed at these levels, preventing a deeper technical breakdown.
