S&P Dow Jones Indices uskutečnilo mezi společnostmi DRW a Marex první on-chain OTC swap na celkový výnos navázaný na index iBoxx USD Liquid Investment Grade Index v síti Canton Network.
S&P Dow Jones Indices has executed its first over-the-counter (OTC) total return swap using the Canton Network, marking a significant step toward digitizing traditional finance (TradFi) infrastructure with blockchain technology. The trade involved moving the swap contract onto a distributed ledger, streamlining processes previously managed manually.
TradFi meets blockchain with Canton NetworkCanton Network, a permissioned blockchain platform designed for institutional finance, aims to become the central infrastructure for traditional capital markets. While Polygon fills this role in the public Web3 sector, Canton is developing closed, configurable channels that allow financial institutions to digitize workflows while keeping operations private and secure.
Unlike public blockchains, Canton Network allows institutions to maintain greater control and privacy by limiting transaction visibility to relevant parties. Its structure enables banks and financial firms to build custom connectivity rails for trading without exposing sensitive information on public networks.
Mini dictionary: Canton Network is a privacy-focused blockchain infrastructure developed for institutional digital asset markets, offering interoperability and secure transaction channels tailored to regulated finance.
The landmark OTC swap was executed between DRW, a major market maker, and finance firm Marex via the Derivnex platform. The contract referenced the iBoxx USD Liquid Investment Grade Index, which was tokenized and distributed to the necessary participants using data provided by analytics firm Kaiko.
Operational efficiency and autonomyBoth counterparties coordinated the derivative’s full lifecycle through a unified blockchain dashboard based on International Swaps and Derivatives Association (ISDA) standards. This eliminated the need for cumbersome manual reconciliation. Future trades may further benefit from on-chain cash settlements and collateral management, as Canton seeks to expand its operational capabilities.
“Uncleared OTC derivatives are a massive market with bespoke, cumbersome workflows. By executing this trade on Derivnex on Canton, Marex and DRW are able to operate off the same immutable record, streamlining workflows,” stated Don Wilson, Founder and CEO of DRW.
The start of S&P’s on-chain activity coincided with the latest update to the Ripple Custody service, which in early October introduced support for the Canton blockchain. Ripple, known for its digital asset infrastructure solutions, provides large banks and financial organizations with custody and settlement capabilities for Canton’s native assets, including the Canton Coin (CC) token and CIP-56 digital securities.
Through Ripple’s “bring your own validator” model, institutions keep their signing keys stored internally and retain full control over their vaults. This integration grants traditional banks direct access to manage positions on Canton without exposing private keys externally.
Market reception and boundariesDespite the technological advancements, many in the retail crypto community have voiced skepticism. Critics focused on Canton’s private, institution-only architecture, arguing that it fails to embody the open and decentralized principles typically associated with blockchain technology.
Although some users have described Canton as “not a real blockchain,” the network has nonetheless become an operational platform for major Wall Street participants, with Ripple acting in a custodial gateway role.
Canton’s relationship with Ripple remains strictly technical. The network operates independently, does not rely on Ripple’s own ecosystem, and neither the XRP token, XRPL ledger, nor the RLUSD stablecoin are used in any part of Canton’s settlement process.
As the debate over decentralization versus security continues, Canton has positioned itself as the blockchain of choice for large-scale TradFi digitization while leveraging Ripple’s custody for added security and efficiency.
XRP ETF demand is holding up, but on-chain activity tells a less encouraging story. By October 12, XRP ETFs had reached $1.55 billion in total net assets, with cumulative net inflows of $1.80 billion, according to SoSoValue. That’s a solid amount of capital sticking around. Yet the blockchain figures isn’t that satisfying, number of active users has plunged from an August peak of 500,000 to fewer than 100,000.
The disconnect raises an awkward question: are investors staying interested while everyday network activity fades?
XRP ETF Inflows Hold Up Despite Cooling ActivityThe ETF data suggest interest in XRP-related investment products remains substantial. Cumulative net inflows have reached $1.80 billion, while total net assets stand at $1.55 billion.
The data from dashboard also suggest that withdrawals haven’t been as severe as those seen in BTC ETFs. Still, ETF capital and network participation measure different things. Strong inflows don’t automatically mean more people are using the network.
XRP Price Faces a Crucial $1.30 Support TestXRP rallied from $1.00 to $1.70 in August before hitting resistance and retreating toward $1.30. Since then, the $1.30 area has been tested repeatedly.
That level now matters. If it continues to hold, the recent price action could be a retest rather than a breakdown. But repeated tests aren’t risk-free; support can weaken when buyers fail to deliver fresh demand.
Can XRP Reclaim $1.50 and $1.70?A recovery depends on more than ETF headlines. Rising demand could show up through improving active-user numbers, stronger XRP ETF inflows, and a firmer token price.
If $1.30 holds and momentum returns, XRP could revisit $1.50 and $1.70, potentially moving higher. Lose that support, however, and $1.00 becomes the next downside level to watch.
For now, XRP ETF inflows remain encouraging, but falling activity is the warning sign. The $1.30 support zone is the key battleground: hold it, and recovery remains possible; lose it, and the market may have to rethink the bullish case.
Story Ends Here
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Ripple has minted a record volume of RLUSD stablecoin as it sees an uptick in treasury activity and institutional uptake.
There has been another large minting of Ripple USD (RLUSD) stablecoin, pegged to the U.S. dollar, as treasury activities increase with institutional uptake.
As per the Ripple Stablecoin Tracker, another 19.6 million RLUSD tokens, which is equivalent to $19.6 million, have been minted on the RLUSD Treasury Ethereum.
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Previously, 19 million RLUSD tokens were also minted. In these two transactions, 38.6 million RLUSD have been newly minted.
However, a number of RLUSD burns have also occurred on the treasury. Three separate burns of 13 million, 18 million, and 19.6 million RLUSD tokens have been identified, the tracker said.
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A total of five transactions were reported. In the five transactions, a total of 38.6 million RLUSD was minted, and 50.6 million RLUSD was burned, with a net burn of 12 million tokens.
It is worth noting that the burns happened on the XRP Ledger, while the two mints happened on Ethereum.
Currently, RLUSD has a market cap of around $2.42 billion, as per CoinGecko, making it one of the largest stablecoins pegged to the U.S. dollar. Its value continues to hover around the $1 peg.
RLUSD sees a huge banking breakthroughThe recent minting news comes after British banking giant Standard Chartered released some big news around RLUSD.
On Oct. 12, the bank officially launched institutional custody for RLUSD on the XRP Ledger.
Institutional custody for RLUSD issued on the XRP Ledger is now live and accessible via Standard Chartered's branch in the Dubai International Financial Centre, which is regulated by the Dubai Financial Services Authority, the bank announced.
It gets even more promising as Standard Chartered is also partnering with Ripple and LMAX Group to use RLUSD as eligible trading collateral.
In the potential partnership, the intention is for RLUSD held in Standard Chartered custody to be used as collateral for institutional investor trading on LMAX without directly moving the RLUSD tokens to LMAX for trading.
However, the collateral use has not been introduced yet and will be subject to testing, final documentation, and regulatory approval.
Stellar hostí tokenizovaná aktiva v hodnotě zhruba 3,5 miliardy USD, přesto je tržní kapitalizace XRP ve výši 84,65 miliardy USD 12,7krát vyšší než tržní kapitalizace XLM.
Stellar, a blockchain network focused on facilitating cross-border payments and asset tokenization, has become a leading platform for tokenized real-world assets. The total reported value of tokenized assets on Stellar has reached approximately $3.5 billion. Despite this growth, XRP maintains a market capitalization almost 13 times greater than Stellar’s native XLM token, underlining a persistent imbalance between tokenization adoption and crypto valuations.
Stellar’s rising tokenization volumesAs of October 13, market data from CoinCodex showed XRP’s market capitalization at around $84.65 billion, while XLM trailed significantly at about $6.67 billion. This 12.7-fold difference persists even as Stellar’s institutional tokenization offerings continue to expand.
Recent estimates place the value of tokenized assets on Stellar near $3.5 billion, and, depending on the reporting methodology, this figure can be even higher—up to $4 billion according to Stellar’s own records in early September. Comparatively, the XRP Ledger (XRPL) is estimated to host approximately $2.5 billion in tokenized real-world and financial assets under one broad reporting standard. However, specific rankings may vary based on whether they include certain stablecoins or financial products.
Stellar’s asset tokenization growth is largely supported by institutional products such as Franklin Templeton’s BENJI fund and other financial instruments. The BENJI fund, tokenized and issued on Stellar, held about $605 million as of October 6. Another project, Spiko, accounts for $1.7 billion through tokenized money-market products.
These assets are structured as investment products, granting investors digital shares backed by underlying securities such as government bonds or money-market funds. Blockchain technology powers the issuance, recordkeeping, and settlement of these tokenized shares, delivering efficiency gains for institutional investors and fund managers.
Mini dictionary: Franklin Templeton is a global asset management firm that has issued tokenized money-market funds on blockchain platforms such as Stellar, allowing for digital shares in regulated investment products.
Tokenization versus native token valuationThe growth of tokenized assets does not necessarily translate into increased demand for a blockchain’s native cryptocurrency. When institutions invest in tokenized Treasury funds on Stellar, their money is allocated directly into underlying traditional assets, such as US Treasury securities. While the process requires a minimal amount of XLM for transaction fees and account reserves, these costs are relatively low and do not result in major demand for XLM itself.
A similar dynamic is present on the XRP Ledger. Even as institutional usage and tokenization of securities or stablecoins has increased, these activities do not automatically require counterparties to accumulate large holdings of XRP. Most institutional flows are directed toward the underlying assets, bypassing the need for substantial native coin exposure.
During the past year, Treasury tokenization volumes on the XRP Ledger grew significantly, rising from $50 million to approximately $418.5 million. However, this notable growth in tokenized assets has only a limited direct impact on XRP’s price, since institutional demand is insulated from speculative or retail-driven trading of the token.
XRP’s unique demand sourcesUnlike Stellar’s tokenized products, some institutional vehicles specifically aim to give investors direct exposure to XRP as an asset. For example, Evernorth recently secured a Nasdaq listing for a public treasury product holding 473 million XRP. Furthermore, U.S.-listed spot XRP ETFs increasingly provide additional channels for institutional or retail investors to gain direct exposure to the cryptocurrency.
These investment products differ fundamentally from tokenized Treasury funds or money-market products because their value proposition centers on XRP itself, rather than stablecoins or external securities. As a result, they contribute to market demand for XRP more directly than the tokenization models adopted by Stellar partners.
MetricStellar (XLM)XRP Ledger (XRP)Market capitalization$6.67 billion$84.65 billionTokenized assets value$3.5–$4 billion~$2.5 billionMain tokenization productsMoney market, Treasury fundsTreasury, ETFs, public treasury XRP holdingsXRP’s valuation remains significantly higher than Stellar’s XLM, despite the fact that Stellar now leads in total value of tokenized real-world assets. The disconnect between native token prices and blockchain adoption continues as both networks pursue different strategies to attract institutional flows.
XRP is trading around $1.40, as the cryptocurrency attempts to recover from its recent lows, but bears continue to dominate the 4-hour chart.
The next two weeks could be critical for XRP’s price direction, as the Federal Reserve’s interest rate decision and Ripple’s biggest-ever Swell conference are both scheduled for the final week of October.
With these events still 15 days away, bearish traders may try to push XRP lower before either event gives investors a reason to change their outlook.
XRP Structure Gives Bears an Advantage
XRP remains below two key moving averages, with the 21-period exponential moving average (EMA21) at $1.4153 and the 55-period exponential moving average (EMA55) at $1.4508.
The bearish Break of Structure (BoS), which occurred last week at $1.4458, confirmed a change in market structure in favor of bears. The $1.4458 level now acts as resistance, while the EMA55 solidifies the barrier around $1.44-$1.45, giving bears an actual price zone to defend.
The $1.531 swing high also remains untouched, meaning XRP has yet to challenge the previous high that bulls would need to overcome to confirm the case for a recovery.
Although the price has rebounded from a swing low of $1.3189 recorded last week, the move has not changed the broader trend. Instead, the recovery could amount to a retest of resistance before another decline if buyers fail to push the price higher.
XRP’s performance in 2026 adds to the concerns. The cryptocurrency has fallen 17.6% since the beginning of the year, while Bitcoin has declined 3.5% and Ethereum has lost 9.5%.
XRP’s market cap currently stands at around $88.4 billion, representing around 3.1% of the entire cryptocurrency market. Its greater losses compared with these two major assets suggest that XRP continues to face significant selling pressure.
Why XRP’s Next Move Around $1.45 Matters
The current indicators suggest that XRP is trading within a narrow range, with the Average True Range (ATR) at 0.0227 and volatility compressed around the 1.5-times ATR band.
The upper volatility band sits near $1.4493, almost matching the bearish BoS level at $1.4458. This makes the $1.4450-$1.4510 range particularly important because several technical indicators confirm resistance within the same area.
If XRP climbs into this range but fails to break above it, a rejection wick could confirm that sellers still control the market and increase the likelihood of another decline. Such a move would support the bearish setup and reopen the path toward the lower volatility band.
XRP bears take over as price records bearish BoS
However, a clean four-hour candle close above $1.4510 would invalidate this immediate bearish outlook by pushing XRP above the EMA55 and showing that buyers have gained ground. Until then, sellers may continue to look for opportunities to open or add to short positions whenever the price approaches resistance.
Fed Decision and Ripple Swell Could Change XRP’s Outlook
Macroeconomic conditions could make a recovery more difficult. The Federal Reserve raised its benchmark interest rate to a range of 3.75% to 4% on Sept. 16, and investors are now watching for another increase at the Oct. 27-28 Federal Open Market Committee (FOMC) meeting.
Ripple’s Swell 2026 conference could provide a positive catalyst when it takes place from Oct. 27 to 29 at Hudson Yards in New York City. For the first time, Ripple will combine its institutional-focused Swell conference with XRPL Apex, which focuses on developers.
The agenda includes XRP ETFs, tokenization, institutional settlement, and the next phase of the XRP Ledger. U.S. spot XRP ETFs have already recorded net daily inflows, pointing to continued institutional demand for XRP-linked investment products.
XRP Price Targets as Oct 27 Approaches
If XRP fails to break through the $1.4450-$1.4510 resistance zone, the first downside target is $1.3812, the lower edge of the current volatility band.
A break below that level would bring the $1.3189 structural swing low into focus, while continued selling could push XRP toward $1.2468, the window low that marks the most extended downside target in the current analysis.
For now, the bearish technical structure, the resistance around $1.45, and uncertainty over interest rates give sellers reasons to maintain pressure on XRP.
The next few trading sessions will show whether bears can force another decline before the Federal Reserve meeting on Oct. 27-28 and Ripple Swell from Oct. 27 to 29. Both events could change investor expectations, but until then, XRP’s ability to overcome the resistance above its current price remains central to its short-term outlook.
Autonomous artificial intelligence systems are now driving the bulk of settlement activity on the XRP Ledger (XRPL), signaling a shift away from traditional retail transactions. According to on-chain data from t54.ai, machine-driven transaction flow has become central to XRPL’s commercial usage, with AI agents handling increasingly complex microtransactions.
AI agents reshape XRPL commercial landscapeTransaction activity on XRPL has surged, with daily settlements surpassing 600,000 and occasionally touching 700,000 at the turn of September and October. This uptick aligns with the growing presence of AI-infused agents and services on the network.
The infrastructure supporting automated operations has expanded rapidly, with 169 different merchants now active. The total transaction volume across these entities has exceeded 13.94 million, as developers pivot to using XRP tokens and the RLUSD stablecoin for real-time, high-frequency microtransactions, which traditional banking channels are ill-suited to handle.
Data from the t54 on-chain dashboard places the distributed inference network Heurist Inference Router at the top, having processed 9,973,942 transactions. Other major contributors include the AI search engine AskSurf (863,012 transactions), computing network Heurist Mesh (512,623), operating system LucyOS (400,663), and fintech platform ClawBank (137,836).
PlatformTransactionsHeurist Inference Router9,973,942AskSurf863,012Heurist Mesh512,623LucyOS400,663ClawBank137,836AI developers have increasingly adopted these settlement options, reflecting the network’s ability to meet requirements for automated, rapid, and small-value payments.
Mini dictionary: RLUSD, a stablecoin on the XRP Ledger, is designed to facilitate fast, cost-effective, and programmable settlements between AI agents and human users, allowing efficient microtransaction processing on-chain.
Institutional investment and the trust challengeThe widespread adoption of autonomous AI-driven software remains tied to overcoming a lack of corporate trust. Developers attribute this skepticism as a primary obstacle to scaling automated transactions. In response, the startup has introduced a “Trust Layer” leveraging the X402 standard. This system verifies digital mandates and transaction limits for AI agents in real time before settlement, and it extends Claw Credit credit lines based on established on-chain reputations.
Recently, the deployment of machine-based payment rails has attracted institutional attention. t54 Labs completed a $5 million seed funding round, counting Ripple and leading asset manager Franklin Templeton among its direct investors.
Additionally, the company has joined the Mastercard Start Path accelerator program. This initiative aims to integrate autonomous AI agents into Mastercard’s global payment infrastructure, facilitating cross-network settlements involving both digital and fiat assets.
AI agents are now generating the XRP Ledger’s main transaction flow, overtaking human-originated retail transfers and establishing themselves as the network’s dominant commercial force.
AI agents transition from expense to transaction driversOn-chain activity now shows a fundamental transformation: AI-powered agents have shifted from being categorized as operational overhead to serving as key initiators of settlement traffic. Their ability to conduct rapid, multi-party transactions is outpacing traditional human activity on the XRPL network.
The momentum created by AI-driven commerce is seen as a harbinger of broader adoption of autonomous transaction systems, particularly as institutional capital continues to enter the sector.
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.
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U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40 and briefly touched a $1.32 price low. The gap keeps the key question in focus: can concentrated fund demand defend the $1.32-$1.38 support zone, or must XRP reclaim $1.50-$1.56 before its short-term trend improves?
Bitwise supplied $10.55 million of the weekly total, nearly carrying the market-wide result by itself. Franklin Templeton’s XRPZ added $4.10 million, while Canary Capital’s XRPC recorded a $3.34 million outflow; three of the five sessions had no net flow.
Excluding Bitwise, the other funds combined added only about $760,000 net. That is the material qualification to the 12-week streak: inflows have persisted, but last week’s figures do not show evenly distributed demand across issuers. Upcoming weekly totals will test whether buying broadens or the streak remains dependent on one large fund.
ETF net assets are at about $1.57 billion, against roughly $1.8 billion in cumulative inflows since launch. The resulting gap of around $230 million is a rough mark-to-market indicator.
The contrast with other crypto funds is notable. U.S. bitcoin funds shed $681 million over the same week, while XRP was the only one of the cited bitcoin, ether, solana, and XRP fund groups to finish with net inflows. That relative resilience is real, but the single-week comparison does not establish that ETF demand can absorb continued selling in the spot market.
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Can Buyers Defend XRP $1.32-$1.38 Price Support Zone?XRP opened the week near $1.52, ended Friday around $1.40, and touched $1.32 on October 8. The close-to-close decline is at 7.3%, as the price action erased a meaningful part of the preceding level.
The $1.32-$1.38 area is the immediate support test. Holding it while ETF flows stay positive would be consistent with dip buying, but one bounce would not confirm a durable floor; a break below the zone would show that inflows have not prevented further technical deterioration.
On the upside, the primary-source levels place resistance at $1.50-$1.56. A sustained reclaim of that band, rather than a brief intraday move into it, would provide stronger evidence that the short-term trend is improving. Until then, ETF inflows are a supportive flow signal, not confirmation of a price reversal.
A separate XRP support-level assessment also examines downside scenarios around the current price area.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Evernorth Adds Another XRP VehicleEvernorth’s XRPN began trading on Nasdaq on Monday, October 12, adding another listed route to XRP exposure. The primary report says the vehicle holds about 473 million XRP, but its immediate effect on spot demand or price is not established.
The Nasdaq building in New York City. – Photo: John A. Montgomery / CC BY-SA 2.0That distinction matters for the XRP price outlook. If the token holds support and ETF flows remain positive across more issuers, the case for accumulation on weakness strengthens; if support fails or flows narrow further, the 12-week streak will offer little proof of a reliable floor.
A sustained move back through $1.50-$1.56 remains the clearest stated threshold for short-term trend improvement, while Evernorth’s XRP exposure is a potential demand factor whose market impact still needs to be demonstrated.
XRP Ledger opravil kritickou chybu, která mohla v jediné transakci umožnit vytvoření až 18,45 bilionu neautorizovaných XRP. Neexistují důkazy, že byla tato zranitelnost zneužita na veřejných sítích.
The XRP Ledger has resolved a critical security vulnerability that posed a threat to its entire token supply, reassuring its community after concerns surfaced about the network’s stability. The flaw could have enabled attackers to generate vast amounts of unauthorized XRP, raising questions about the security mechanisms protecting the cryptocurrency’s fixed supply.
Technical details and scale of the vulnerabilityLevi, a financial expert and commentator, explained in a recent video that the vulnerability represented a significant risk to the integrity of the XRP Ledger. The issue stemmed from an integer overflow in the payment engine, which processes multiple trading offers via the network’s built-in decentralized exchange.
This flaw allowed for the possibility that, if exploited, an attacker could have created up to 18.45 trillion XRP in a single transaction. For context, the total capped supply of XRP stands at 100 billion tokens, meaning the exploit could have exceeded the maximum issuance more than 184 times over.
The vulnerability also affected a security mechanism designed to validate legitimate creation of XRP during transactions. Levi drew a parallel to the Federal Reserve printing trillions of dollars without checks or balance, illustrating the potential damage such an exploit could cause to user trust and market stability.
Mini dictionary: Integer overflow, a condition in computer science where an arithmetic operation attempts to create a numeric value outside the range that can be represented with a given number of digits, potentially leading to unpredictable behavior or vulnerabilities.
MetricMaximum IntendedPossible via ExploitXRP supply100 billion18.45 trillionHow the vulnerability was discovered and patchedAccording to Levi, developers responded quickly to the threat. The security issue was detected by Veria AI, a system developed by Veria Labs, on September 21, 2026. Researchers reported the finding through the XRP Ledger bug bounty program. An emergency update, xrpld version 3.4.1, was released on September 25 to address the flaw. The development team bypassed the usual amendment process to prevent potential exploits, as revealing details could have increased the risk of misuse.
The update also fixed a separate bug related to the ledger’s batch-processing system. Security engineers from RippleX verified that the exploit could create unauthorized XRP and confirmed that the fraudulent coins could be spent, further underscoring the seriousness of the vulnerability.
The XRPL Ripple team implemented a patch for the vulnerability and confirmed that there was no evidence the issue was ever exploited on public networks.
An official vulnerability disclosure report was published on October 9, offering a detailed account of the issue and the remediation process undertaken by the development team.
Community response and security outlookLevi addressed concerns from XRP holders regarding the safety of their investments. He stressed that discovering and promptly fixing such flaws does not indicate a failure of the system, but rather demonstrates the ongoing commitment of the developer community to maintaining and improving network security.
Levi noted that developers continually review the XRP Ledger code, identify weaknesses, and release improvements, reflecting how technology should evolve over time.
He emphasized that no evidence was found of any unauthorized XRP creation or exploitation of the identified vulnerability on any public ledger, reinforcing user confidence following the patch.
The episode highlights the importance of active security research, transparent disclosure, and rapid response within blockchain development teams.
For users and investors, the main takeaway remains that although the vulnerability could have been catastrophic if exploited, timely intervention preserved the integrity of the $XRP network and its token supply.
Standard Chartered, which has recently attracted attention with its analyses of various altcoins beyond Bitcoin and Ethereum, has made a move regarding Ripple.
According to The Block, Standard Chartered has launched institutional custody services for Ripple’s stablecoin RLUSD through its Dubai International Financial Centre branch.
Institutional Custody Service for RLUSD Launched! At this point, Standard Chartered announced that it was expanding its XRP Ledger-based stablecoin infrastructure by launching institutional custody services for RLUSD.
According to the statement, the service is provided through the bank’s Dubai International Financial Centre (DIFC) branch. DIFC allows eligible corporate clients to hold their digital assets in the bank’s custody infrastructure.
The bank also added that it is working with Ripple and LMAX Group to make RLUSD acceptable as collateral under its Collateral Mirroring model. According to the bank, another aspect of this work involves extending Standard Chartered’s existing Collateral Mirroring model to LMAX Group.
This model aims to allow assets to be held in a custodian institution while the corresponding balances can be used as collateral on the trading platform. This enables institutions to access liquidity and reduce counterparty risk without transferring their assets to trading platforms.
What Does This Mean for the Institutional Cryptocurrency Market? This development has the potential to expand RLUSD’s use in institutional custody, collateral, and transaction processes. The previously announced partnership between Ripple and LMAX Group also aims to increase the stablecoin’s use in institutional markets.
Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “RLUSD was developed specifically for these types of institutional use cases. Our clients want the efficiency of a regulated stablecoin without sacrificing the custody standards they already trust. Combining RLUSD on the XRP Ledger with Standard Chartered’s custody capabilities and LMAX Group’s institutional transaction infrastructure creates a practical way for institutions to use stablecoins in global markets.”
*This is not investment advice.
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Evernorth před vstupem na Nasdaq jmenoval bývalého spoluředitele investic Coinbase Asset Management Huga Jeandesboze šéfem investic. Bude spravovat 473 milionů XRP v hodnotě zhruba 672 milionů USD.
XRP treasury company Evernorth has tapped former Coinbase Asset Management co-chief investment officer Hugo Jeandesboz as its investment chief Monday ahead of its Nasdaq debut.
The announcement follows Friday's completion of Evernorth's SPAC merger with Armada Acquisition Corp. II. At closing, Evernorth reported holding 473 million XRP (XRP) worth roughly $672 million alongside $300 million in cash before transaction expenses.
The value of its XRP holdings places it just outside the 20 largest publicly traded corporate crypto holders, based on Bitcoin Treasuries data.
Dollar value of crypto holdings of publicly traded firms. Source: Bitcoin Treasuries. Jeandesboz will lead treasury allocation, liquidity management and actively manage Evernorth's XRP holdings, under founder and CEO Asheesh Birla. During his time at Coinbase, Jeandesboz led investment strategies for the exchange's institutional clients and was Coinbase's lead derivatives trader before that.
Evernorth wants to move beyond the buy-and-hold model of many traditional crypto treasury companies. It plans to deploy XRP through lending, providing liquidity and other yield strategies to boost its XRP-per-share metric.
"Capturing them takes someone who has priced risk on institutional desks in both traditional and digital asset markets," Birla said of opportunities he sees emerging in XRP lending and DeFi.
"We would rather be a participant in this transformation than a spectator of it," he wrote.
The listing follows whipsaw trading action in Armada II shares in the lead-up to the closing of the merger. The stock rose from around $10.68 over the past two weeks to as high as $53 on Oct. 2, before closing Friday at $17.09. Shares then climbed to $18.57 in after-hours trading.
Armada Acquisition Corp. II (XRPN) stock price chart. Source: TradingView.
FSB chce do konce roku 2027 zpracovat alespoň 75 % přeshraničních plateb do jedné hodiny a snížit průměrné náklady na maloobchodní platby na maximálně 1 %.
Financial institutions and corporations continue to face costly and slow international payment systems. Global policymakers have now established concrete targets and deadlines to accelerate improvements in cross-border transfers.
G20 steps up commitment to cross-border payment reformsA participant in a SibosTV panel highlighted ongoing challenges in cross-border payments, including high transaction costs, limited access, sluggish processing, and a lack of transparency. She emphasized that pinpointing root causes has been key to developing solutions.
She indicated that G20 involvement has strengthened political support and driven progress among institutions working to modernize international payment systems. The G20, a group representing major economies worldwide, is leading initiatives to set measurable improvement goals for the financial industry.
“Sending money between countries is still too slow. The issues being discussed are problems that have persisted for years in cross-border payments,” wrote analyst X Finance Bull, pointing to the relevance of Ripple and Stellar networks.
FSB establishes deadlines to lower costs and speed up transfersThe Financial Stability Board (FSB), an international organization overseeing global financial systems, has set milestone deadlines for cross-border payment reform. By the end of 2027, at least 75% of international payments must reach recipients in under one hour. In addition, the average retail payment cost should drop to at most 1% by the same year.
By 2030, the FSB targets a further reduction in remittance expenses, expecting the average global cost to send a $200 remittance to fall to 3% or less. These benchmarks require banks and payment firms to expedite improvements in speed, affordability, and accessibility.
ObjectiveTargetDeadline75% of cross-border payments delivered within 1 hourDeadlineEnd of 2027Average retail payment cost ≤ 1%DeadlineEnd of 2027Remittance cost for $200 ≤ 3%TargetBy 2030XRP Ledger and Stellar as established solutions for global paymentsAnalyst X Finance Bull has linked these international goals to the current capabilities of XRP Ledger and the Stellar network. Both networks support rapid and low-cost asset transfers, making them suitable for addressing inefficiencies in cross-border payments. Several companies are already leveraging these technologies for instant settlement and remittance.
Ripple, a US-based blockchain firm specializing in enterprise payments, and Bitso, a major crypto exchange in Latin America, have expanded their partnership for stablecoin settlements across the US-Mexico payment corridor. Ripple’s Bitso case study highlights the use of XRP as a settlement asset in cross-border flows.
In South Korea, Jeonbuk Bank pioneered the deployment of Ripple Payments for outbound remittances. Meanwhile, Ripple has secured regulatory approvals in countries such as the United Kingdom, Luxembourg, and Australia.
Stellar, an open-source payments network, has expanded its cross-border presence with projects like MoneyGram Ramps, which links USDC stablecoin transfers on Stellar to cash-out points in over 170 countries. Financial platform BVNK integrated Stellar into its payments platform in September 2026 and reported an annualized processing volume of $39 billion.
Mini dictionary: Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system to ensure stability and coordination across jurisdictions.
Liquidity and adoption rates remain crucial for successX Finance Bull observed that as payment platforms expand into more global corridors, access to liquidity will become increasingly vital to efficiently facilitate transactions across currencies. This demand is expected to create additional opportunities for digital assets that serve as bridges between payment systems.
X Finance Bull noted, increased adoption and transaction levels in XRP and XLM networks may lead to greater liquidity requirements, but asset performance will depend on real usage and market demand, not volume alone.
In particular, Stellar’s path payments feature allows senders to pay in one currency while recipients get another, with seamless conversion handled by the network. With the proliferation of stablecoins and tokenized assets, this interoperability could significantly improve user experience and drive growth in cross-border payments.
The G20’s reform agenda will run through at least 2030. The extent to which XRP Ledger and Stellar can attract institutional partners and foster payment-related liquidity will determine their impact on making global payments faster, more affordable, and broadly accessible.
XRP Ledger je na RWA.xyz šestý s tokenizovanými aktivy v hodnotě 5,046 miliardy USD bez stablecoinů, ale jako distribuovaných je označeno pouze 9,8 % této hodnoty.
12 October 2026 | 07:41 XRP Ledger sits sixth in a major tokenized-asset ranking, where its RWA total exceeds $5 billion and raises a closer question about distribution.
The RWA.xyz network table lists XRP Ledger at number six, with $5.046 billion under RWA Total Value (Excl. Stablecoins), $4.550 billion in represented value, and 9.8% marked as distributed.
XRP Ledger is listed sixth on RWA.xyz, with $5.05 billion in tokenized assets excluding stablecoins. Read the whole XRPL row, not only the ranking The dashboard displayed three figures for XRP Ledger: $5.046 billion in “RWA Total Value (Excl. Stablecoins),” $4.550 billion in “RWA Value (Represented),” and 9.8% under “% Distributed.” Each label describes a different part of the tracker’s view of the network.
The key detail is the 9.8% distributed figure.
RWA.xyz separates the network’s total and represented values from the portion it labels as distributed. The table does not identify the holders, the relevant investor restrictions or the terms for transferring and redeeming every asset.
That leaves an important distinction between the size of financial products associated with a blockchain and the portion measured as distributed through it. A high placement in the ranking can show that major tokenized products have reached the network. It cannot, by itself, show how widely their units are held, how often they move or how easily they can be redeemed.
#6
XRPL’s listed position
The position shown in RWA.xyz’s network table at the time of checking.
$5.046B
RWA total value excluding stablecoins
The headline value displayed for the network in the ranking.
$4.550B
Represented RWA value
A separate field displayed by the tracker alongside the total.
9.8%
Share labelled “% Distributed”
The part of the row that prevents the total-value figure from being read as a simple measure of broad investor distribution.
Why Treasury and money-market products matter here XRPL’s tokenization story has grown around familiar institutional products: short-term U.S. Treasuries and money-market funds. These instruments give eligible investors a way to hold a regulated claim on cash-like assets while using blockchain infrastructure for recordkeeping, settlement or transfer processes.
Ondo Finance deployed OUSG on XRPL, bringing its tokenized short-term U.S. Treasury fund to the network for institutional investors. The product uses eligibility and compliance controls, so its availability depends on the investor and the applicable terms rather than the existence of a wallet alone.
The next part of the model is distribution through regulated market infrastructure. Archax provided access to abrdn’s U.S. dollar liquidity fund in tokenized form on XRPL. Its product page identifies the fund as available to professional and institutional investors, with investment minimums and specified dealing arrangements.
OpenEden’s partnership with Doppler Finance points to a third use: connecting Treasury-backed assets with XRPL-native liquidity. Together, these examples show how a network can carry tokenized products for cash management, fund access and settlement without turning every asset into an unrestricted retail token.
The ranking leaves out the terms that decide usefulness A tokenized fund unit can be valuable while still carrying important limits. The issuer may restrict who can subscribe, require investor verification, control transfers, set redemption windows or use an external legal register as the authoritative ownership record. Those conditions are part of the product, even when its representation appears on a public blockchain.
This is why a tokenized-asset total should be read beside the offering terms. A large represented value can signal institutional interest and a meaningful distribution partnership. It says less about secondary-market liquidity, holder concentration or how quickly a participant can enter and exit the product.
The same distinction applies across the wider onchain-finance market. Digital dollars can connect payments, treasury management and tokenized investments, but each layer has its own issuer, access rules and redemption process.
Stablecoins are deliberately outside this comparison RWA.xyz’s total shown in the XRPL row excludes stablecoins. That choice helps keep two separate financial functions visible. A stablecoin generally serves as a settlement balance, while a tokenized Treasury or money-market fund gives its holder an investment claim that may generate yield from underlying assets.
Both products can work together. An institution may use a stablecoin to settle a payment or subscribe to a fund, then hold the fund token as part of its cash-management strategy. Treating them as one measure of adoption would hide the difference between payment liquidity and investment exposure.
The ranking does not establish a fixed XRP-demand effect More tokenized assets can broaden XRPL’s role in fund distribution, asset administration and settlement. The ranking offers no fixed equation between that activity and XRP demand.
Each product has its own mechanics. Some flows may use XRP, RLUSD or another digital asset. Other arrangements may centre on issuer permissions, custodians and tokenized fund records. The $5.046 billion figure therefore provides evidence of financial products associated with XRPL; it does not provide a price target or a direct demand forecast for XRP.
The number to watch next Sixth place shows that XRPL has become a meaningful venue in the tokenized-asset landscape. The data point the headline misses is the distance between the network’s large total and the 9.8% share RWA.xyz labels as distributed.
That gap makes the next evidence easy to identify: a larger distributed share, more eligible holders, recurring subscriptions and redemptions, and tokenized assets being used repeatedly in settlement or collateral workflows. Those developments would show whether XRPL’s tokenized value is turning into a deeper and more active financial market.
This article is provided for informational purposes only and does not constitute financial or investment advice. RWA.xyz rankings and asset values may change as products are issued, redeemed, revalued or reclassified.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
XRP Ledger může 23. října 2026 aktivovat balíček oprav fixCleanup3_4_0, pokud podpora ze strany validátorů zůstane nad 80 %. V současnosti jej podporuje 26 z 32 validátorů.
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The XRP Ledger eyes crucial fixes and improvements over the next few days. According to XRPScan data, fixCleanup3_4_0 began its two-week activation window on October 5, 2026, with the earliest activation date being 9:34 AM UTC on October 23, 2026.
Validator support for the fixCleanup3_4_0 amendment must stay above 80% for it to launch. If it slips to 80% or lower even once, the amendment is rejected and the 14-day timer starts over.
This fixCleanup3_4_0 amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, trust lines, NFTs, MPTs, Escrow, Sponsorship, transaction signing, and permission delegation.
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FixCleanup3_4_0, which bundles amendment-gated fixes, was shipped in Version 3.4.0 of xrpld, the reference server implementation of the XRP Ledger protocol, and entered voting on September 17, 2026. The amendment has 81.25% consensus, with 26 out of 32 validators having voted for it.
The Permission Delegation and Batch amendments went live as a key milestone in the past week. The fixCleanup3_4_0 amendment is essential for Permission Delegation, as until it is enabled, users would not be able to delegate the PaymentBurn granular permission. Before the fix, a delegate with the PaymentBurn granular permission could also mint new fungible tokens (trust line tokens or MPTs) in certain circumstances. Other granular permissions are unaffected.
Wide-ranging protocol fixes anticipatedThis fixCleanup3_4_0 amendment is a collection of fixes: it excludes deleted domain offers from the Permissioned DEX invariant, so replacing an offer in one domain with an offer in another no longer triggers a violation.
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The fix prevents 'AMMClawback' from silently recovering zero when integer MPT rounding floors the amount, instead of burning the holder's LP tokens for nothing, and allows AMMClawback to bypass the owner-reserve check when it must auto-create the paired asset holding, so a compliance clawback is not blocked or vetoed by reserve requirements.
The fix rejects fake-XRP NFT offer amounts, exempts an IOU issuer from their own global freeze when creating an NFToken offer denominated in their own currency, and tightens permissioned DEX domain checks. It also recycles the escrow owner reserve in EscrowCancel and EscrowFinish, so returning IOUs to an owner at the reserve boundary no longer fails. It adds precision and rounding fixes across VaultDeposit, VaultWithdraw, and VaultClawback, so a vault's tracked total assets, available assets, and share supply stay consistent.
The fix refines freeze, authorization, credential, and destination handling for Single Asset Vaults and the Lending Protocol; for example, exempting loan defaults from asset freeze, refusing pseudo-accounts where they cannot participate, and validating permissioned-domain withdrawal destinations and rejecting 'PaymentBurn' payments that cross a zero balance.
Evernorth očekává zahájení obchodování na burze Nasdaq pod tickerem XRPN; drží přibližně 473 milionů XRP a před náklady získala zhruba 300 milionů USD v hotovosti.
XRP price hovered near $1.40 on Sunday, with a potential bullish move in focus before Evernorth’s expected Nasdaq debut.
Bitcoin traded above $83,000, while Ethereum price held near $2,500 and cryptocurrency market capitalization totaled $2.81 trillion. Evernorth expects its shares to start trading Monday under XRPN, following an earlier administrative delay.
XRPN Set to Bring Evernorth’s XRP Treasury to Public Markets The XRP treasury company Evernorth expects to begin Nasdaq trading Monday, October 12, under the ticker XRPN. The company confirmed its merger with Armada Acquisition Corp. II closed on October 9.
Evernorth reported holdings of approximately 473 million XRP and roughly $300 million in gross cash proceeds before transaction expenses. The listing offers investors exposure to XRP through company shares available in brokerage accounts.
🚨 TOMORROW IS A HUGE DAY FOR AS $XRP HITS THE NASDAQ!
Evernorth will officially begin trading on the Nasdaq under $XRPN, bringing a massive treasury of 473 MILLION $XRP and $300 MILLION in cash to public markets!
The largest publicly traded XRP treasury is arriving on Wall Street. Institutional adoption is accelerating! 🔥
— ALLINCRYPTO (@RealAllinCrypto) October 11, 2026
Chief executive Asheesh Birla said Evernorth plans to fund infrastructure and applications supporting wider XRP use. The company also aims to increase XRP holdings per share through its treasury strategies.
Its investors include Ripple, SBI Group, Pantera Capital, Kraken and GSR, which participated in the financing. Evernorth expects to ring Nasdaq’s closing bell on October 14.
XRP Price Eyes $1.50 as MACD Signals Early Momentum Recovery The XRP price traded at $1.4160 on October 11, with its latest four-hour candle down 0.66%. The XRP price remained above the $1.40 support after recovering from the sharp decline recorded earlier this week.
The price of XRP faced initial resistance at $1.45, where a sustained four-hour close above that level could support further gains. A successful breakout would bring $1.50 into focus, matching another resistance level marked in the source
If XRP price reclaimed $1.50 and maintained momentum, the next potential target would be the previous trading region near $1.60.
Source: XRP/USDT 4-hour chart: TradingView The MACD line stood at -0.0089, above its -0.0146 signal line, while the histogram remained positive at 0.0057. The Chaikin Money Flow measured 0.03, slightly above zero, suggesting modest accumulation during the indicator’s 20-period window.
On the downside, a sustained move below $1.40 would weaken the recovery and expose the recent lows.
XRP ETFs See No Net Inflows as Trading Hits $26.33 Million The five XRP spot ETFs reported zero net flows on October 9, according to SoSoValue data. Total net assets stood at $1.57 billion, equivalent to 1.80% of XRP’s market capitalization.
Source: Sosovalue data Trading volume totaled $26.33 million, while net inflows since launch stood at $1.80 billion. Bitwise led with $581.33 million in assets, followed by Franklin’s $413.96 million and Canary’s $339.78 million.
XRP Options Volume Surges as Derivatives Activity Picks Up The XRP derivatives market experienced more trading, with a volume of 3.71% to $1.51 billion. There was a 0.37% decline in open interest to $3.08 billion with only a little less exposure in open positions of the derivatives.
Source: Coinglass data There was a significant rise in options trading, with options volume up 302.85% to $6.90 million. The available interest increased 2.35%. to 66.04 million, and this is on top of the substantial growth in volume of options.
BNY Mellon ve své publikaci zařadila XRP vedle stablecoinů do strategie globálních plateb pro podnikovou treasury s cílem umožnit převody v reálném čase 24 hodin denně, 7 dní v týdnu, 365 dní v roce.
BNY Mellon has explicitly listed XRP as part of its global payments strategy in a recent stablecoin publication, drawing significant attention from digital asset researchers and the wider crypto community.
BNY Mellon’s approach to corporate paymentsIn a section titled “Ripple and BNY: Speeding Up Cross-Border Payments With Stablecoins,” the publication outlines collaborations between BNY Mellon and Ripple focused on digital assets. The document states that the goal is to support corporate treasuries in moving funds around the clock and in real time using both stablecoins and digital assets such as XRP.
Crypto researcher SMQKE highlighted the relevance of XRP’s mention in the report, emphasizing its role in BNY Mellon’s global payments framework and bringing the reference to the attention of X (formerly Twitter) users. He cited the text, noting how it connects XRP to BNY Mellon’s broader payments ambitions.
A recent BNY Mellon report specifies that the bank aims to help corporate treasuries move money “24/7/365, in real time, through stablecoins and digital assets like XRP.”
BNY Mellon, founded in 1784, is one of the world’s oldest and largest financial institutions, specializing in investment services and asset management. Its foray into digital assets signals the increasing role of blockchain technology in traditional banking operations.
Details on the Ripple partnership and RLUSD stablecoinThe publication confirms that BNY Mellon became the primary reserve custodian for Ripple USD (RLUSD), a stablecoin launched in July 2025 and designed primarily for corporate and institutional payments. RLUSD aims to offer greater speed, lower costs, and improved efficiency for cross-border transactions.
In October 2025, Ripple reportedly acquired a treasury management system from GTreasury to further streamline corporate money movement across digital assets, including RLUSD and XRP. Ripple’s Senior Vice President of Stablecoins, Jack McDonald, underlined the intent to strengthen, rather than replace, the connection between corporations and banks, highlighting BNY Mellon’s central role.
The report stresses the importance of interoperability between tokenized deposits and stablecoins, viewing it as crucial for deploying these solutions at scale.
Mini dictionary: RLUSD — Ripple USD is a Ripple-issued stablecoin primarily designed for corporate treasury and large-scale financial transactions, aiming to facilitate faster and more efficient cross-border settlements.
XRP’s position in BNY Mellon’s payments planWhile XRP is directly referenced as part of BNY Mellon’s payments infrastructure, the publication does not specify that the bank currently uses XRP for all payment transactions. Community members such as Zoid pointed out that necessary infrastructure might already be in place, but activation could depend on future developments or evolving demand.
Some observers highlight that although BNY Mellon includes XRP in its ecosystem, whether XRP will be actively used for direct transactions or exist alongside stablecoins remains uncertain.
David Arnal, another industry commentator, noted that XRP’s explicit mention by BNY Mellon is notable but does not guarantee that the bank will conduct payments directly with XRP rather than listing it as an available option.
Despite these uncertainties, XRP’s placement within the document has sparked renewed interest regarding its potential role in the future of institutional payments.
Zakladatel a investiční ředitel společnosti Cyber Capital Justin Bons tvrdí, že validátoři sítě XRP poslední dva týdny používají uzavřený kód, který se má brzy stát povinným, a zpochybňuje decentralizaci této sítě.
Justin Bons, the founder and chief investment officer of Dutch blockchain fund Cyber Capital, has sharply criticized $XRP and its governance model, raising questions about the cryptocurrency’s decentralization and the transparency of its validator software.
XRP validator software under scrutinyBons alleged that $XRP has been running on closed-source validator code for the past two weeks. He claimed that this code would soon become mandatory for all validators, meaning those who do not adopt it could be excluded from participating in the network.
He attributed this situation to a permissioned node list, maintained by entities responsible for the $XRP network. Validators, he argued, must comply with the software and requirements dictated by those who control these lists.
Bons asserted that the use of closed-source binaries could expose validators and the network to significant risks, suggesting that malicious code has the potential to steal funds or disrupt the system. He maintained that “selling $XRP to retail as ‘decentralized’ is straight-up fraud,” and described the mandatory implementation of closed-source code as a clear threat to the principles of open networks.
Bons also dismissed the justification that closed-source code might be necessary for critical security updates. He compared $XRP’s approach to that of Bitcoin, Ethereum, and Solana, stating that other major networks have historically implemented fixes and upgrades by inviting validators to run new, open-source code—even when security vulnerability details have not been widely disclosed.
He argued that this ongoing transparency allows validators to inspect the underlying code for themselves, achieving a balance between user security and decentralized integrity.
Criticism of Ripple’s consensus structureBons directed further criticism at the consensus system underlying the $XRP network. He labeled it as operating on a Proof of Authority (PoA) basis—a consensus mechanism where authority is established by designated entities. Ripple, a US-based enterprise blockchain company, and the XRP Ledger Foundation reportedly maintain the two critical permissioned validator lists governing network participation.
Bons argued that this system means XRP is reliant on permissioned entities rather than an open, permissionless network. He drew a comparison to Canton’s blockchain network, noting that while both platforms control validators through permissions, Canton is more transparent about its governance model.
Mini dictionary: Proof of Authority (PoA) is a blockchain consensus mechanism where a set of approved accounts, rather than anonymous or permissionless participants, are responsible for validating transactions and creating blocks. Authority is usually granted to entities selected by a central organization, often leading to greater speed and efficiency but with decreased decentralization compared to Proof of Work or Proof of Stake models.
Allegations of misrepresentation and centralizationThe Cyber Capital founder took issue with what he described as Ripple’s portrayal of $XRP as a decentralized network. He contended that externally, crypto researchers do not recognize $XRP as decentralized, viewing it as one of the most centralized blockchain projects.
He emphasized that “crypto researchers outside the $XRP ecosystem generally consider the token’s decentralization narrative a ‘bad joke’,” arguing that convincing retail investors otherwise misleads the market in a way akin to investment fraud.
Bons pointed to the token’s supply distribution as further evidence of his claims. He said Ripple originally allocated the entire $XRP supply to itself and has gradually sold tokens to the public—a process raising further concerns over centralization and the potential for manipulation.
Calls for greater decentralizationSumming up his position, Bons warned that concentrated authority within blockchains, such as he sees in $XRP’s design, could be exploited. He encouraged users to migrate to alternative blockchains that prioritize genuine decentralization, scalability, and sound governance.
Ripple na konferenci Swell 2026 v New Yorku očekává účast BNY, Mastercard, CME, Grayscale a dalších finančních institucí, což může podpořit využívání XRP Ledgeru ve finančním sektoru.
Ripple’s annual Swell conference, set for October 27–29, 2026 in New York, is expected to highlight growing interest in the use of XRP and the XRP Ledger within institutional finance. A broad lineup of major banks, global asset managers, trading firms, and payment companies are preparing to attend, suggesting Ripple may be broadening its strategy beyond traditional payment services.
Banks and asset managers strengthen XRP’s institutional prospectsCrypto commentator X Finance Bull noted that the invitation list features industry giants, including BNY, Mastercard, Aviva Investors, ZILO, CME, Canary Capital, and Grayscale. BNY, one of the world’s largest custody banks, could facilitate asset custody, enable banking transactions, and assist institutions with collateral management as they access financial markets.
Mastercard, an established player in global payments, is seen as a potential partner to expand payment settlement opportunities, building on its previous work with RLUSD and the XRP Ledger. The commentator identified Aviva Investors and ZILO as key participants in the asset management sector. Aviva Investors, known for managing extensive portfolio assets, may seek to tokenize traditional investment funds on the XRP Ledger, while ZILO provides crucial infrastructure for regulated investment products.
On the trading and investment product front, CME already lists XRP derivatives, while Canary Capital and Grayscale offer investors structured exposure to XRP. The presence of AWS, Mastercard, and Stripe further signals a push toward integrating AI-driven payments, supported by the XRP Ledger’s capabilities for facilitating payment flows involving XRP and RLUSD.
Mini dictionary: RLUSD (Ripple Liquidity USD) is a stablecoin issued by Ripple, designed to provide consistent value and facilitate settlements on the XRP Ledger.
X Finance Bull highlighted that the joint participation of such industry leaders at Swell could strengthen existing relationships and open the way for wider use of XRP and the XRP Ledger in financial markets.
Existing connections signal institutional progressRather than focusing only on new announcements, X Finance Bull emphasized the importance of current partnerships and collaborations. BNY is already an active member in the RLUSD ecosystem. Mastercard has previously explored blockchain settlement processes using the XRP Ledger infrastructure, while Aviva Investors maintains a relationship with Ripple.
CME’s derivatives and established XRP investment products from Canary Capital and Grayscale are examples of how regulated financial instruments are now part of the institutional landscape. Additionally, SBI, a Japanese financial group, has maintained a long-term relationship with Ripple, and RLUSD has already gone live in Japan. The commentator also referenced a recent initiative where BTG Pactual fund shares were issued on the XRP Ledger through CSD BR, showcasing advances in regulated securities workflows, and mentioned the expansion of Ripple Prime’s activities with leading hedge fund Brevan Howard.
Institution/CompanyRole/Focus at Swell 2026BNYCustody, collateral, and banking transactionsMastercardPayment settlements, RLUSD integrationAviva InvestorsAsset tokenization on XRP LedgerZILORegulated investment infrastructureCMEXRP derivatives tradingCanary Capital, GrayscaleXRP investment productsAccording to the commentator, these developments reinforce a bullish view that Swell could be a platform for advancing institutional custody, collateral, lending, and liquidity solutions built on the XRP Ledger.
Swell 2026 to provide direction for Ripple’s institutional roadmapX Finance Bull argued that institutional adoption requires more than investor interest in $XRP. It spans custody solutions, settlement systems, liquidity, regulatory-compliant investment products, and infrastructure enabling large-scale engagement with digital assets.
Brad Garlinghouse, CEO of Ripple, will be joined by leading industry figures in New York, where expectations are high for new strategic partnerships, technical integrations, or product demonstrations. X Finance Bull cautioned that while the presence of these institutions lays the groundwork for innovation, attendance does not guarantee immediate launches or announcements.
For XRP holders, Swell 2026 presents a unique chance to monitor the evolution of Ripple’s institutional vision and to see if initiatives announced at the event will accelerate adoption and the use of XRP Ledger technology within conventional finance.
Sentiment institucionálních investorů vůči XRP na burzách Binance a Bybit klesl do extrémně medvědího pásma; objem krátkých taker obchodů s futures za posledních 24 hodin dosáhl 1,18 miliardy USD, což představovalo 52,23 % celkové taker aktivity.
XRP smart money sentiment on Binance and Bybit has turned bearish, while the market attempts to recover from recent lows.
Coinglass data shows that smart money sentiment on both derivatives exchanges has fallen to extremely bearish levels, which has raised concerns about whether XRP can maintain its latest recovery.
The bearish outlook comes as XRP regains the $1.40 price level after losing approximately 14% of its value in just 48 hours. Although buyers have started pushing prices higher, smart money traders are doubtful that the recovery will last.
OKX is the only exception among the three major derivatives exchanges, as its smart money sentiment remains neutral. This presents some relief, but the overall picture remains negative.
XRP Smart Money Sentiment flips Extremely Bearish on Binance and OKX XRP Retail and Whale Traders Remain Bullish Retail traders and whale accounts across Binance, OKX, and Bybit show a different outlook, with several groups maintaining bullish positions despite the negative XRP smart money standing.
On Binance, retail traders have a long/short ratio of 2.41, which Coinglass classifies as bullish. Whale accounts are even more optimistic, with a 2.82 ratio, indicating extremely bullish sentiment. Binance whale position holders also maintain a bullish outlook, with a long/short ratio of 1.82.
OKX has a more mixed trend. Retail traders record a long/short ratio of 3.06, which translates to extreme bullishness.
However, whale accounts have a ratio of 0.92, suggesting a nearly neutral outlook. Whale positions are even more bearish, with the ratio falling to 0.37, a level Coinglass classifies as extremely bearish.
Bybit records strong bullish sentiment among both retail traders and whale accounts. Retail traders have a long/short ratio of 3.80, while whale accounts post a reading of 3.78. Coinglass rates both figures as extremely bullish.
However, Bybit whale positions show a more balanced outlook, with a ratio of 0.97, which falls within the neutral range.
XRP Futures Short Volume Moves Ahead of Long Volume XRP futures trading data also shows continued selling pressure. Over the past 24 hours, short taker volume reached $1.18 billion, accounting for 52.23% of total taker activity. Long taker volume stood at $1.08 billion, representing the remaining 47.77%.
Although the difference between the two sides is relatively small, short sellers currently hold the advantage. This trend also aligns with the bearish signals from smart money traders on Binance and Bybit.
XRP Recovers to $1.41 After Sudden Correction This comes despite the recent recovery attempt. For context, XRP fell from $1.52 on Oct. 6 to a local low of $1.31 on Oct. 8, losing about 14% of its value within 48 hours. The decline put pressure on the token before buyers stepped in and helped it recover.
XRP has since climbed to $1.4075. It has recorded four consecutive green four-hour candlesticks over the last 16 hours, which shows that buying activity has picked up, allowing the token to regain the $1.40 level.
XRP breaks above descending channel on 4hr chart The recovery has also pushed XRP above the upper trendline of the descending channel that formed during the Oct. 6-8 correction. This move could support further gains if buyers maintain their momentum.
However, the recovery remains at risk if buying pressure weakens. XRP could fall toward $1.37, a level near the upper trendline of the former descending channel. A break below $1.37 would push the token back inside the channel and could lead to further losses.
DMI Shows Bears Still Have the Advantage The Directional Movement Index (DMI) also shows continued bearish pressure on XRP, although the latest readings suggest that selling momentum is starting to ease.
The positive directional indicator (+DI) stands at 15.13 and is moving higher, suggesting that buyers are beginning to gain some control over price action. However, the negative directional indicator (-DI) remains much higher at 31.46.
Meanwhile, the Average Directional Index (ADX) stands at 41.11, which indicates that the prevailing trend remains strong. However, both the -DI and ADX are declining, suggesting that bearish pressure is gradually weakening.
For XRP bulls to strengthen the recovery and challenge the bearish smart money outlook, the token must hold above the $1.37 support level. Buyers would also need to push the +DI decisively above the -DI to confirm a change in momentum.
Agentic payments on the XRP Ledger (XRPL) have recorded a rapid surge, surpassing 13 million transactions, according to Chandler Fang, cofounder of t54ai and previously a product lead at Ripple. Fang noted this growth in a recent X post, describing faster-than-anticipated adoption of agent-driven payments across the XRPL ecosystem.
Transaction growth and merchant adoptionFang pointed out that agentic payment volumes have soared from roughly 1 million transactions in July to over 13 million as of early October. This sharp rise highlights strong momentum in onchain settlement facilitated by merchant agents on XRPL.
Ripplex is a core developer arm within Ripple focusing on the expansion and technical advancement of the XRP Ledger, a decentralized blockchain network designed for fast, low-fee value transfer between currencies.
J.A. Akinyele, RippleX head of engineering, stated that the XRPL has processed 13,489,468 agentic transactions supported by 168 participating x402 merchants at present. These transactions have collectively settled 6,982.32 XRP and 12,009.98 RLUSD, Ripple’s stablecoin pegged to the US dollar.
Akinyele had previously predicted that agentic transactions would cross 10 million, a benchmark now significantly exceeded. He now sees 100 million agentic transactions as a “sooner-than-expected” milestone for the XRPL network.
Mini dictionary: x402 merchants are service providers authorized on the XRPL to facilitate agentic onchain payments using the x402 protocol, which enables autonomous agents to transact with digital assets automatically.
Date/PeriodTransactionsx402 MerchantsXRP SettledRLUSD SettledJuly 2024~1,000,000Not specifiedNot specifiedNot specifiedCurrent (Oct 2026)13,489,4681686,982.3212,009.98Real-world usage and future outlookFang envisions that with the 13 million transaction milestone achieved, the next stage for agentic payments will bring more real-world merchants and services onto the blockchain. He anticipates this growth will be supported by autonomous agents handling payments in both XRP and RLUSD, settling transactions via the x402 protocol directly on the XRPL.
Developers and agents are already utilizing XRP Ledger’s AI toolkit to pay for APIs, data access, and compute resources, which enables the creation of new onchain products and services.
Agentic payments on the XRP Ledger have grown from 1 million to over 13 million in just a few months, with hundreds of merchants now participating and settling in XRP and RLUSD.
Akinyele discussed these developments at the XRP Seoul 2026 conference, which convened last week. In his keynote, he focused on the expanding role of the AI Agent Economy and its potential to impact not just payments but also broader digital services running on the XRPL.
Akinyele also stated that these agentic payments now represent approximately 25% of all activities recorded on the XRP Ledger, underlining the growing importance of automated agents within the network.
Infrastructure advancements to support growthIn response to surging demand, Ripple is actively developing infrastructure customized for agents. According to Akinyele, these features include verifiable digital identities, strict permission and spending rule enforcement, and secure smart wallets. These enhancements are intended to facilitate safe and efficient settlement for both XRP and RLUSD, with confirmation typically completed in 3 to 5 seconds.
Ripple is building specialized agent infrastructure for verifiable identities, compliance controls, and fast-settling digital wallets to meet demand for agentic payments.
As autonomous payments and the integration of artificial intelligence accelerate, XRPL appears positioned to capture more real-world use cases, especially as network participation broadens and merchant integrations expand through agentic solutions.
XRP Ledger opravil chybu z roku 2015, která mohla umožnit vytváření XRP z ničeho navzdory pevnému limitu 100 miliard XRP. RippleX nenašel žádné důkazy o jejím zneužití.
XRP Ledger patched decade-old bug that could create billions of dollars in XRP from nothing. (Unsplash)Summary
A flaw dating to 2015 could have allowed attackers to create and spend new XRP, violating the cryptocurrency’s fixed supply of 100 billion tokens.The vulnerability exploited a counting error in the XRP Ledger’s built-in exchange, allowing hundreds of accounts to receive large amounts of XRP while the buyer paid almost nothing.RippleX said it found no evidence of exploitation on public networks and fixed the flaw in the xrpld 3.4.1 software release on Sept. 25.A flaw in the XRP Ledger’s payment system could have let an attacker create large amounts of new XRP without paying for it, breaking the token’s fixed-supply rule, according to a security report published Friday.
The bug, believed to date to 2015, was found by researcher Cayden Liao and Veria AI and internally reported on Sept. 22. Engineers at RippleX, Ripple’s developer arm, reproduced the attack on a standalone server and confirmed the newly created XRP could be spent in a later transaction.
RippleX said it found no evidence the flaw was exploited on any public network.
All 100 billion XRP were created when the ledger launched in 2012, and its software is built so no more can ever be added. But the security vulnerability could have allowed an attacker to create XRP from nothing and sell it on exchanges, undercutting a supply cap that institutions using the network rely on.
The attack worked through the ledger’s built-in exchange, where accounts post offers to swap one token for another.
An attacker could have, theoretically, open hundreds of accounts, have each one offer a tiny amount of a token in exchange for an unusually large amount of XRP, then send a single payment that bought every offer at once.
The total XRP owed would be too large for the software to count correctly, so the attacker’s selling accounts would be paid in full while the buying account was charged almost nothing — leaving the attacker with XRP that hadn’t existed before.
How one payment could have printed XRP from nothing. (Shaurya Malwa/CoinDesk)The XRP Ledger runs a check after every transaction to make sure no new XRP has appeared, but that would have relied on the miscounted total and missed it. A separate limit on how much XRP a single account can receive wouldn’t have triggered either, because the attack spread the XRP across hundreds of accounts.
The researchers’ method needed only a few hundred XRP to open those accounts, most of which could be recovered, plus transaction fees.
Developers shipped the fix in xrpld 3.4.1, the ledger’s server software, on Sept. 25 without disclosing what it repaired.
The incident joins a run of long-hidden crypto security flaws surfaced with AI help since July, including the Coldcard wallet bug behind the theft of at least 1,367 BTC and the vulnerabilities that forced Core Lightning to tell bitcoin node operators to disconnect.
Read More: XRP Ledger adds new controls for banks, stablecoins and tokenized funds
SEC a CFTC mají mezi koncem roku 2026 a rokem 2027 dokončit společná pravidla pro klasifikaci tokenů a úschovu kryptoměnových aktiv; plné zavedení se očekává na začátku roku 2027.
Cryptocurrency researcher SMQKE has released a detailed regulatory timeline for the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning official rulemaking for digital assets. The schedule indicates that joint rulemaking will take place between late 2026 and 2027, with full implementation targeted for early 2027. This development signals an important countdown for exchanges and XRP holders as regulatory deadlines approach.
The regulatory timeline and phased implementationAccording to SMQKE’s overview, the legislative process starts with a Senate Committee Markup initially projected for March 2026, followed by a full Senate vote expected in April or May 2026. If approved, the bill would proceed to the President’s desk, with a potential signing in June 2026.
A presidential signature would initiate a Provisional Registration period. During this stage, crypto exchanges can register with the CFTC to avoid enforcement actions, positioning themselves for compliance before the regulations take full effect. Two main dates stand out on the timeline: the start of the Joint Rulemaking Period, projected for late 2026 through 2027, and the conclusion with full implementation in early 2027. At that point, a grace period of 18 months will end, requiring complete compliance from all platforms operating in the US digital asset market.
“Late 2026 to early 2027 marks a critical phase, with the SEC and CFTC finalizing joint rules on token classification and custody. The grace period concludes with full implementation, requiring all platforms to achieve full regulatory compliance.”
EventProjected DateMain ImpactSenate VoteApril–May 2026Bill advances to PresidentPresidential SigningJune 2026Exchanges begin Provisional RegistrationJoint Rulemaking PeriodLate 2026–2027Regulatory rules finalizedFull ImplementationEarly 2027Mandatory compliance for all platformsLegislative setbacks and agency actionSMQKE’s timeline assumed the smooth passage of the CLARITY Act, a significant piece of legislation aimed at clarifying regulations for digital assets. However, the bill failed a Senate cloture vote on September 15, falling short by 11 votes, with every present Democrat voting against it.
Despite the setback, regulatory authorities continued moving forward using their existing legal powers. SEC Chair Paul Atkins announced that the agency would proceed within its statutory bounds. The CFTC issued a similar statement.
Following the failed vote, the SEC introduced the Innovation Exemption on September 17, establishing a conditional five-year framework allowing tokenized stock trading under specific criteria. On the same day, the CFTC extended a no-action position for passive software providers engaged with digital assets. The SEC also issued a proposal regarding crypto custody for investment advisers at the start of October.
This policy approach emphasizes regulatory guidance and exemptions in the absence of clear statutory changes, with the agencies gradually building a framework for compliance across the sector.
Mini dictionary: SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) are the two primary US federal agencies responsible for regulating securities and derivatives markets, respectively. Their joint rulemaking is a process where both regulators create harmonized rules for the oversight of digital assets such as cryptocurrencies.
XRP’s role in the upcoming regulatory waveXRP stands among sixteen digital assets classified as commodities following a joint SEC and CFTC interpretation finalized in March 2026. The regulatory framework emerging during the upcoming rulemaking window will directly affect how exchanges and institutional participants handle XRP, especially in terms of custody and classification requirements.
With the failure of the CLARITY Act, more responsibility now rests with regulatory agencies rather than lawmakers. The late 2026 to early 2027 period has become the focal point as agencies advance their rules using existing statutory authority.
Regulatory agencies continue to shape the digital asset landscape by issuing exemptions, proposals, and interpretations in the absence of new legislation, underscoring the importance of the upcoming joint rulemaking period for assets such as XRP.
XRP za sedm dní klesl o 7,6 % na zhruba 1,39 USD a propadl se pod 50denní klouzavý průměr na úrovni 1,4336 USD. Průlom pod 1,32 USD by obrátil pozornost k úrovni 1,2805 USD.
XRP price has slipped below its 50-day moving average near $1.43, leaving its rebound toward $1.39 facing resistance as Evernorth prepares for its delayed Nasdaq debut.
Summary
XRP price traded near $1.39 after falling 7.6% over seven days, according to CoinGecko. The daily chart places the 50-day moving average at $1.4336 and the 200-day at $1.2805. CoinGlass shows overhead liquidation concentrations around $1.43–$1.44 and $1.53–$1.54. Evernorth expects XRPN trading to begin Oct. 12, subject to closing conditions and Nasdaq requirements. CoinGecko recorded XRP at about $1.39 on Oct. 9, with a seven-day trading range of $1.32–$1.53. The token remained down 7.6% over that period despite a 4.5% recovery over 24 hours, while its market capitalization stood near $87.6 billion.
The Binance XRP/USDT weekly chart on TradingView showed a separate calendar-week decline of 8.56%, with price retreating from an opening level of $1.5205 to $1.3905. Its weekly high reached $1.5310, while the low stood at $1.3189.
XRP falls below $1.43 as daily momentum turns negative TradingView’s daily chart places XRP at $1.3903, below the 50-day moving average of $1.4336. The gap leaves the token roughly 3% beneath that average following its retreat from the late-September trading area around $1.50–$1.60.
XRP price daily chart — Oct. 9 | Source: TradingView The daily chart shows the 50-day average rising above the 200-day average in late September. However, the latest sell-off has taken price back below the shorter average while leaving it above the longer one, which stands at $1.2805.
Based on those chart levels, a recovery first needs to regain approximately $1.43 before the recent $1.50–$1.53 trading area comes back into reach. Failure to recover that average would leave the bounce beneath the first major daily trend reference.
The daily Bull Bear Power indicator also reads negative at minus 0.1331. Its recent red bars accompany the drop below the 50-day average, giving the rebound a weaker momentum backdrop than the August surge shown on the same chart.
On the downside, the weekly low near $1.32 is the closest clear price reference from the latest sell-off. A renewed break beneath that low would put the daily 200-day average around $1.28 in focus, approximately 8% below the current price.
Weekly resistance keeps $1.56 above the rebound TradingView’s weekly Murrey Math indicator places a major support-and-resistance pivot at $1.5625. XRP remains below that level after its recent attempt to extend the recovery from the August lows.
XRP price weekly chart — Oct. 9 | Source: TradingView The same indicator marks the bottom of its trading range at $1.1719. That level sits below both the latest weekly low and the daily 200-day average, making it a more distant downside reference if the current recovery loses further ground.
The weekly Average Directional Index reads 27.46 and has declined from earlier readings above 30. The indicator measures trend strength rather than direction; the bearish direction comes from the falling price structure visible on the weekly chart.
A chart-based upside scenario would require XRP to recover $1.43, then clear the recent weekly high near $1.53 and the $1.5625 pivot. That sequence would bring the late-September highs around $1.60–$1.65 back into view.
Until those levels are reclaimed, the weekly chart shows XRP trading beneath the area where its latest recovery stalled. A move above $1.56 would weaken that bearish setup, while a break below $1.32 would strengthen the downside case.
Liquidation bands cluster above XRP’s current price CoinGlass’s one-week liquidation heatmap shows XRP falling from above $1.50 to approximately $1.32 before recovering toward $1.39. The sharpest downward move appears late on Oct. 8, followed by a rebound that remained below $1.41.
XRP liquidation heatmap | Source: CoinGlass Near the right edge of the heatmap, overhead liquidation bands appear around $1.43–$1.44, with additional concentrations near $1.46–$1.48. The brightest persistent cluster sits higher, around $1.53–$1.54.
The lower portion shows concentrations near $1.36–$1.37 and around $1.35. Those bands place leveraged positions close to the rebound’s recent trading range, while the $1.53–$1.54 cluster overlaps the weekly high area.
Taken together, the daily chart and heatmap identify $1.43 as the first nearby recovery hurdle. The higher liquidation concentration becomes relevant to the bullish scenario only after XRP moves through the intervening price levels.
Oct. 12 listing remains a scheduled XRP catalyst Evernorth attributed its postponed Nasdaq debut to an administrative delay, moving expected XRPN trading from Oct. 8 to Oct. 12. According to the company’s update, the business combination was expected to close Oct. 9, subject to customary conditions.
crypto.news reported that Evernorth expected to hold approximately 473 million XRP at closing. The proposed Nasdaq listing would give U.S. stock-market investors access to shares in an XRP-focused treasury company.
Separately, the XRP Ledger’s official release notice described version 3.4.1 as an emergency security update and scheduled the associated amendment for Oct. 9, conditional on continued validator support. The notice warned that outdated servers would lose synchronization after activation and said publication of the security-sensitive source code would follow later.
Ripple also announced on Oct. 6 that Ripple Prime would provide brokerage, clearing and financing services to Brevan Howard funds. The announcement put the investment manager’s assets at about $35 billion.
Against those developments, XRP’s immediate chart-based test remains the $1.43 average. Reclaiming it would improve the route toward $1.53–$1.56; losing $1.32 would instead expose the $1.28 longer-term average.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Spot $XRP exchange-traded funds have staged a modest comeback this week, posting net inflows of $11.31 million despite recording positive flows on just two of the week's trading sessions so far, according to @BSCNews.
ETFs Absorb a Growing Share of XRP Supply The recovery adds to a broader accumulation trend that has gathered pace throughout 2026. That figure reflects steady institutional demand since the funds launched in late 2025, even as weekly inflow volumes have fluctuated considerably.
The supply angle is equally striking. The funds now hold roughly 1.79% of $XRP's total supply, meaning ETFs collectively control close to one in every 50 tokens in existence.
Flow activity has not been evenly distributed across issuers. That kind of divergence between individual products has become a recurring pattern as investors rotate between the competing vehicles.
Context: A Strong Year for XRP ETF Accumulation This week's inflows come after a landmark period for the product class.
Despite the positive fund flows, price action has not always followed.
Still, the structural picture points to tightening supply. As ETFs lock up an ever-larger portion of circulating tokens, the available float for spot market trading continues to shrink, a dynamic that analysts have flagged as a potential price catalyst if demand accelerates.
Sources:
TokenPost: U.S. Spot XRP ETFs Hold $1.697 Billion as Inflows Lose Momentum
TokenPost: XRP Spot ETFs Record $4.7439 Million in Weekly Net Inflows
Startup Fortune: XRP Climbs Toward $1.52 as Spot ETFs Post Their Biggest Inflow Week of 2026
Avalanche founder Emin Gün Sirer has cautioned that artificial intelligence could soon identify and exploit undiscovered security vulnerabilities within the XRP Ledger, raising fresh concerns over blockchain safety. Sirer, a respected computer scientist and entrepreneur known for his work in decentralized systems and consensus protocols, believes that the threat posed by AI-driven attacks on blockchain software may surpass worries about new breakthroughs in cryptography.
AI-driven vulnerabilities take center stageSirer suggested that the cryptocurrency industry’s current preoccupation with advances in cryptography overlooks a more immediate risk: the possibility that modern AI models could detect and exploit critical software bugs. These vulnerabilities, he argued, may be missed by human reviewers but discovered by increasingly sophisticated AI systems.
Expressing his view on social media platform X, Sirer said, “We will see AI exploiting system-level bugs long before ECDSA goes away.” He added that blockchain software, along with related libraries and crypto wallets, might harbor flaws that billions of dollars could be stolen from if found and leveraged by malicious actors using AI tools.
“If you believe, for instance, that Ripple’s (or put any other high-value, low-use chain here) under-scrutiny code has no 0-day bugs that are hard for humans to see but easy for AI to detect, you’re a deluded person,” Sirer stated.
A 0-day bug refers to a security vulnerability unknown to the software’s creators and not yet patched, providing a window in which attackers may compromise the system.
Despite his warnings, Sirer did not reveal any specific unaddressed vulnerabilities in the XRP Ledger or supply evidence of AI-enabled attacks. His remarks come as the XRP Ledger—an open-source blockchain launched by software engineers David Schwartz, Arthur Britto, and Jed McCaleb—faces increased scrutiny following an emergency software patch deployed on September 25.
Mini dictionary: XRP Ledger is a decentralized public blockchain focused on fast, low-cost payments, maintained by a global community of developers. Its codebase receives frequent updates to address performance or security concerns, and Ripple Labs is a key participant in its ecosystem.
XRP Ledger emergency update and industry responseThe latest XRP Ledger update was issued to address a critical security issue. While developers initially withheld the source code for these security fixes, they pledged to publish it later alongside a technical review outlining the vulnerability and the process for patching it.
Tensions between Ripple, the company behind the cross-border payment network, and Sirer have escalated publicly, particularly after Sirer’s pointed criticisms of Ripple’s engagement with banking institutions drew a response from Ripple CEO Brad Garlinghouse.
AI and cryptography: Debates among top blockchain leadersIndustry leaders have voiced differing opinions about the likelihood and impact of AI discovering vulnerabilities within cryptographic protocols. Vitalik Buterin, co-founder of Ethereum, recently warned that AI-assisted mathematical discovery could target assumptions underlying lattice-based cryptography within two years.
Charles Hoskinson, the founder of Cardano, rejected Buterin’s projections, describing them as speculative and unsupported by existing mathematical evidence. Meanwhile, Ethereum researcher Justin Drake expressed caution regarding AI’s eventual capability to break the Elliptic Curve Digital Signature Algorithm (ECDSA), an essential standard for signing cryptocurrency transactions.
Sirer concurred that such cryptography risks cannot be entirely dismissed but recommended the crypto community focus on addressing current software security threats, emphasizing that real-world vulnerabilities could prove more urgent than hypothetical cryptographic breakthroughs.
Sirer argued that overlooking the risk of AI-exposed software bugs could lead to financial losses well before cryptographic defenses become obsolete.
Spotové ETF na XRP ve čtvrtek zaznamenaly příliv kapitálu ve výši 8,17 milionu USD, zatímco bitcoinové, etherové a solanové fondy společně zaznamenaly odliv 319,99 milionu USD.
XRP (CRYPTO: XRP) ETFs pulled in $8.17 million Thursday, the only one of four major spot crypto ETF categories to post net inflows that session.
How XRP Broke From the PackSoSoValue data showed Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH)and Solana (CRYPTO: SOL) funds collectively lost $319.99 million Thursday, while XRP funds added money:
The divergence held through the whole week, with XRP ETFs adding $11.31 million over the first four trading days while the other three categories combined shed $1.21 billion.
Ethereum logged its eighth straight session of outflows, and Solana extended its own losing streak to four sessions.
Franklin’s XRPZ (NYSE:XRPZ) accounted for the entire $8.17 million gain Thursday, while the other four XRP funds posted zero net flows, pointing to demand concentrated in one issuer rather than spread across the category.
Bitcoin’s selloff centered on Fidelity’s FBTC (NYSE:FBTC), which lost $197.09 million, roughly 81% of the category’s total outflow.
BlackRock’s ETHA (NASDAQ:ETHA) led Ethereum withdrawals at $71.12 million, while Bitwise’s BSOL (NYSE:BSOL) lost $5.26 million in Solana, outweighing inflows into two competing funds.
XRP ETFs are now on track for a 13th straight week of net inflows, having added $11.31 million through Thursday.
Friday’s numbers remain pending, and outflows would need to match that full amount to erase the week’s gain.
What the Charts Say About a BounceTrader Cryptoinsightuk said Thursday, as Benzinga reported, that XRP’s aggregated open interest fell 4.6% in token terms and 8.6% in dollar terms, a sharper drop than the price move itself suggests, pointing to leveraged positions getting closed out.
Rising spot trading volume hints buyers may be stepping in despite the broader selloff, even as funding rates turned negative, showing more traders positioned for further downside.
Cryptoinsightuk flagged a bullish RSI divergence on the four-hour chart, where XRP prints a lower low while RSI forms a higher low, a signal that selling pressure may be fading.
The trader expects a potential entry near the lower end of XRP’s range, though a brief liquidity sweep below support remains possible.
Where XRP Stands TechnicallyXRP trades flat at $1.38, after breaking below its rising trendline from August’s $1 low.
That trendline now caps price as resistance, with XRP stuck below its 20-day EMA at $1.4555 and hovering right at its 200-day EMA near $1.3788.
Key levels for XRP: $1.40 to $1.46: resistance zone, 50-day and 20-day EMAs $1.34: 100-day EMA, deeper support Photo via Shutterstock
Mastercard bude partnerem 36hodinového hackathonu XRP Ledger, který se bude konat 24.–25. října v New Yorku a zaměří se na platby s využitím AI, úvěry a nástroje pro protokol.
9 October 2026 | 12:33 Mastercard is among the partners for an XRP Ledger hackathon in New York, where developers will spend 36 hours building AI-payment, lending and protocol tools ahead of Ripple’s Swell conference.
Key Takeaways Mastercard is a partner in the October 24-25 XRPL hackathon. Teams will build AI-payment, lending and protocol tools. The event has not announced a new Mastercard product on XRPL. Public code, pilots and follow-up support will show the event’s real impact. Mastercard is joining a builder weekend in New York XRPL Commons lists Mastercard among the partners for its AI & Fintech XRPL Hackathon in Midtown Manhattan on October 24–25. Ripple, AWS, Ledger and Quicknode are also involved in the 36-hour event, which offers more than $40,000 in prizes and brings developers, product leads, designers and finance professionals together before Ripple’s Swell conference.
Confirmed
Mastercard is listed as an event partner. The event covers AI finance, lending and protocol work. Mastercard is named among the organizations on the final judging panel. Still unconfirmed
A Mastercard payment product on XRPL. Commercial deployment of a winning project. New card-network support for XRP through this event. AI payments create a control problem before they create a payment product The event’s agentic-finance track focuses on software that can pay, earn and transact on-chain. An AI agent could buy data, pay for computing capacity or settle a small invoice without a person approving every routine action.
Giving an agent the ability to pay also creates a control problem. A business needs to decide what it can spend, which recipients it can use and how an unsafe instruction can be stopped before money moves. XRPL’s developer tools already address part of that challenge by separating payment creation from the wallet authority needed to sign and submit a transaction.
Teams can use the weekend to turn those controls into working payment flows. A prototype may prove that an agent can pay for a service; a usable product must also show who approves the limits and how those limits are enforced.
Lending and protocol tools fill out the financial workflow AI payments are only one part of the program. The lending-and-borrowing category invites teams to build around the proposed XRP Ledger Lending Protocol and Single Asset Vaults, while the protocol-innovation track covers amendments, client implementations and developer tools. A fourth open track leaves room for projects that do not fit the other categories.
A company using an automated payment tool may also need working capital, limits on collateral use and a way to verify that a counterparty is approved. That is why the event combines payments with lending, vaults and core protocol work instead of treating an on-chain transfer as the whole financial product.
Mastercard’s stablecoin work gives the event a wider context Mastercard has a separate reason to follow this work closely. In June, it announced expanded settlement options involving regulated stablecoins, including RLUSD. That announcement did not create the hackathon or commit Mastercard to any project built there, but it places the company’s event role within a wider effort to explore programmable settlement.
The real test begins after the judging ends The hackathon can produce demos, prototypes and new developer connections. The first signs of lasting progress will come afterward: public code, teams that continue building, grants, pilots and follow-up support from Mastercard or the other partners.
That evidence will show whether the projects developed in New York can meet the security, compliance and user-control standards required beyond the crypto industry.
This article is for informational purposes only and does not constitute financial, investment or legal advice. Event partnerships and developer projects do not guarantee commercial deployment.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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The XRP Ledger (XRPL) experienced a sudden drop in payment activity, losing around 400,000 transactions overnight. The drop came during a volatile week for the market as a whole. The reason behind it has not been confirmed. It could be a result of the recent market crash or a reduction in automated or low-value transactions.
Network activity is certainly shaky Whatever the reason, a drop in network activity is a weak indicator. XRP's price chart shows the same stress. After falling from about $1.50 earlier this week, XRP is now trading near $1.3866. On Thursday, it dropped to about $1.32 and subsequently bounced back. A crucial level is the black long-term average near $1.38, and XRP is right on it.
XPR/USDT Chart by TradingViewThe line held in September, proving its support. Just below it, the orange average near $1.335 caught the low and serves as the next safety net. The first resistance above the price is marked by the blue average at approximately $1.40 and the cyan average near $1.43.
HOT Stories
Weakness might continueThe green line, which follows, is near $1.45. The September high near $1.66 is far away at this moment. With an RSI of approximately 42, the market is weak but not oversold. Volume increased during the decline and is minimal on the rebound.
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Up to this point, buyers have failed to show any real strength. For bulls to be optimistic, XRP needs to close above $1.40 on a daily basis, which would bring it back above the short-term averages. After that, $1.45 and $1.50 are the next targets. For bears, a move below $1.38 would indicate more downside.
After that drop, the next levels to watch are $1.335 and the $1.25 area, which marks the September low. Although the sudden drop in payments is a slight concern, the price is still maintaining its primary support level. Should XRP stay above $1.38 and network activity become steady, a bounce to $1.45 is likely. If the black line is broken, $1.30 becomes the target.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
D-Day is finally here and in a few hours the Batch amendment and its fix fixBatchV1_2 will be live. The XRP ecosystem will see a triumph in the launch of the Batch feature, which has had its share of setbacks in the past.
On February 19, 2026, security researchers and Cantina AI identified a critical logic bug in the signature-validation process of the original Batch amendment. The amendment was in its voting phase and had not been activated on Mainnet.
XRPLD v3.3.0 shipped a replacement amendment, Batch V1.1, that introduced the corrected implementation. The main focus was bug-fixing and further hardening the implementation.
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Fast forward to September 2026, and Batch had secured a majority and was about to go live on Mainnet on September 29, 2026. This timing shifted after the amendment was temporarily rejected to restart the two-week activation window.
A minor issue was detected and the fix was included in the XRPLd 3.4.1 release; the XRP community flipped their votes to allow Batch to simultaneously launch with its fix update.
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The Batch amendment remains significant as it is a prerequisite or accelerant for several high-value XRPL use cases already under contract or in active pipeline, including atomic multi-party settlements.
Batch is also expected to support ecosystem growth, being one of the most requested features by XRPL application developers and the community broadly.
In a separate development, Permission Delegation went live on the XRP Ledger on October 8, 2026, marking a major milestone for the network.
RippleX's Shota Natenadze noted that Permission Delegation, Dynamic MPTs, Atomic Batch, Confidential Transfers, and Sponsored Fees take XRPL from tokenizing to moving value the way institutions need.
XRP price awaits moveAt the time of writing, XRP was down 0.44% in the last 24 hours to $1.39, awaiting its next move following yesterday's sharp drop. Cryptocurrencies slid late Thursday after Fed minutes showed most officials expected another rate hike before year-end.
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XRP fell sharply to $1.31 on Thursday, marking four days of decline from a high of $1.52 on October 5, 2026. The price drop saw XRP trade below the daily MA 50 for the first time since August 19.
A rebound will see XRP attempt to recover above the daily MA 50, currently at $1.43, while a further drop might see XRP price test support at the daily MA 200 at $1.28.
Rozdíl mezi aktivitou velryb a drobných investorů při odlivech XRP z centralizovaných burz se mezi 30. zářím a 8. říjnem 2026 snížil ze 64 % na 46,7 %, zatímco aktivita drobných investorů vzrostla.
XRP has entered a correction alongside the broader crypto market, but retail activity has increased across exchanges as whale dominance declines.
Notably, XRP fell from a local high of $1.52 on Oct. 6 to around $1.39 at press time. Several factors have contributed to the decline, including broader market selling, higher US Treasury yields, and leveraged liquidations.
The US 30-year Treasury yield climbed toward 5.72% on Oct. 7, reaching a level not seen in about 24 years. This rise in yields has weighed on risk assets, and XRP has also felt the impact.
XRP Retail Activity Increases as Whale Dominance Falls Amid the decline in XRP’s price, exchange data shows a change in investor activity. Specifically, retail participation has increased across centralized exchanges, while the share of activity linked to larger holders has declined.
The main measure in this data is the Whale vs. Retail Spread (%). The metric assesses the difference between XRP exchange outflow activity from large holders and that from retail investors.
A falling spread does not necessarily mean whales are selling. What it does show is that the difference between whale and retail activity is becoming smaller.
Between Sept. 30 and Oct. 8, 2026, the All CEX Whale vs. Retail Spread fell from 64% to 46.7%. This represents a decline of 17.3 percentage points, or roughly 27% in eight days.
XRP Whale Vs Retail Spread | Source: CryptoQuant The sudden drop shows that retail investors have become a much larger part of XRP’s exchange outflow activity over the past week. This is important because it has happened while XRP’s price has dropped lower.
Binance Shows a Slower Change While Binance has followed the same general trend, the change has been less pronounced. Between Sept. 30 and Oct. 8, 2026, the Binance Whale vs. Retail Spread fell from 68% to 54.9%.
This marks a decline of 13.1 percentage points, or about 19.3%. While the drop is worth noting, it is smaller than the decline recorded across all centralized exchanges.
Also, at 54.9%, Binance’s current reading remains 8.2 percentage points above the 46.7% reading for all centralized exchanges.
This suggests that whale activity still has a stronger influence on Binance than it does across the wider exchange market. However, both readings have moved lower, confirming that retail activity has gained ground in both cases.
In addition, Binance’s XRP reserves provide further evidence of continued activity from large holders. The exchange’s XRP reserves fell from 2.704 billion XRP to 2.631 billion XRP between Sept. 26 and Oct. 4. Interestingly, whale-sized outflows drove much of this decline during the period.
XRP RSI Reaches Deeply Oversold Levels The recent price decline has also pushed XRP’s technical indicators toward extreme levels. According to a recent report from The Crypto Basic, the 4-hour XRP Relative Strength Index (RSI) has reached levels not seen since XRP traded at $1.05.
Similar oversold conditions can create room for a short-term rebound, but they do not guarantee one. Overall, the broader market remains under pressure, while higher Treasury yields and other macroeconomic factors could continue to limit demand for risk assets.
XRPL Emerges as a Leading Network for AI-Driven PaymentsThe XRP Ledger processed more than 8 million x402-based payments in a single 30-day period, according to @chandler_agi, co-founder of @t54ai and a former product lead at @Ripple. The figure places $XRP Ledger among the most active blockchains for autonomous, AI-driven transactions, surpassing nearly all other layer-1 networks on this measure.
The milestone is a product of rapidly accelerating momentum. The XRP Ledger crossed 10 million x402 payments in total by October 1, less than three months after recording its first million. More than 8 million payments in one month works out to an average of above 266,000 transactions per day. The live XRPL AI Hub now tracks more than 12.7 million transactions all-time alongside 164 registered merchants, with a latest seven-day average of around 350,460 payments per day.
What Is the x402 Protocol and Why Does It Matter? x402 is an HTTP-native payment protocol that revives the HTTP 402 "Payment Required" status code for instant blockchain payments. In practical terms, it lets software agents pay for digital services, such as API access or compute resources, without human involvement, account creation, or traditional API keys. On the XRP Ledger, the x402 protocol allows seamless, trust-minimized transfers in XRP and RLUSD for APIs and digital services.
The x402 facilitator, provided by Ripple partner t54, acts as a trust layer and mediator, enabling verification of agent payments and risk checks before settlement. Agent payments on the XRP Ledger also now support Mastercard's Verifiable Intent standard, which lets developers attach a cryptographic proof to each x402 payment confirming who authorized it, under what spending limits, and for which exact purchase, all screened before settlement.
The broader x402 ecosystem is growing quickly too. The Linux Foundation operationally launched the x402 Foundation on July 14, 2026, uniting Visa, Mastercard, Coinbase, Stripe, and 13 other premier members around one open standard for AI agents to pay for goods and services over HTTP.
For the XRP Ledger, the next test is expanding the merchant side. The XRPL AI Hub currently lists services spanning AI inference, crypto research, market intelligence, risk tools, and other paid APIs, with more than 160 addresses actively receiving x402 payments. As @chandler_agi noted, the focus is shifting from raw transaction counts toward bringing more merchants into XRPL's agentic economy.
Sources:
The Crypto Basic: XRP Handles 8M+ x402 Payments in 30 Days
Stablecoin Insider: XRP Ledger Adds Mastercard Verifiable Intent
Startup Fortune: XRP Ledger Agentic Payments Race Toward 10 Million
XRP whales have accelerated their withdrawal of assets from Binance, with the 30-day cumulative outflow surging from $600 million in early August to over $1.3 billion in September. The ongoing movement has drawn attention from traders and analysts, who are closely monitoring its possible impact on the market.
Whale outflows climb sharplyData from blockchain analytics platform CryptoQuant shows that large XRP holders have steadily increased their withdrawals from Binance over the past month. The 30-day rolling outflow volume, which measures the total value of assets withdrawn by major holders, exceeded $1.3 billion in September. This figure is more than double the $600 million recorded at the start of August.
Xaif, a widely followed cryptocurrency commentator, pointed to this trend on X (formerly Twitter), emphasizing that whale movements intensified dramatically during periods of price volatility.
Earlier in September, XRP posted a notable surge of over 50% within 65 hours, creating renewed optimism among investors. Analysts noted that the largest outflow spike coincided with this rally, suggesting that whales may have opted to take profits or transfer their holdings to secure storage solutions.
Whales are moving while retail is distracted, with 30-day XRP outflows jumping from $600 million to over $1.3 billion.
A similar wave of withdrawals accompanied another short-term price jump later in September, adding further weight to theories of strategic positioning by major holders ahead of or during periods of market volatility.
PeriodXRP 30-day Outflow from BinanceEarly August$600 millionSeptember$1.3 billionPrice volatility and flash crashThe discussion around whale withdrawals intensified further after a sharp price drop. Hours before publicizing the outflow figures, Xaif observed that XRP experienced a rapid decline from $1.49 to $1.45 within minutes, erasing a portion of its recent gains and cutting through previous support levels.
It remains uncertain whether this sudden drop directly resulted from whale withdrawals, but several analysts noted the alignment between extended outflow periods and heightened price swings.
Traders and market observers have weighed in across social platforms, largely agreeing with assertions that whales can significantly drive market sentiment and movement. One commenter argued that large holders typically accumulate or divest their assets quietly, while retail investors often miss the signals hidden in such on-chain activity.
Many market participants only recognize the significance of whale activity after a major shift, often wondering why they did not notice the underlying signals sooner.
Others, including experienced traders, advised monitoring whale actions closely. Several users revealed plans to buy the dip, indicating that portions of the retail community view these drops as potential entry points rather than exit signals.
Xaif, active in the cryptocurrency commentary space, has built a following for sharing on-chain data and market insights for assets including XRP.
Mini dictionary: CryptoQuant is a blockchain analytics platform offering real-time and historical data on cryptocurrency exchanges, on-chain activity, and market trends. It is widely used by investors and analysts to track large transactions and whale movements.
Ongoing trends and market impactSustained whale outflows from exchanges often precede significant price movements, though their intent—whether accumulation or profit taking—is subject to interpretation. The marked increase in 30-day outflows since August signals deliberate, ongoing realignment among major XRP holders.
While some investors remain cautious, others see the current conditions as a buying opportunity, with opinions split on whether the trend points to accumulation or an early warning sign of increased volatility ahead.
David Schwartz vystoupí na Ripple Swell 2026 poprvé od svého přechodu z pozice CTO na emeritního CTO a člena představenstva. XRP ve třetím čtvrtletí posílilo o 46 % na přibližně 1,53 USD.
David Schwartz, the influential architect behind XRP Ledger and a founding figure at Ripple, is set to return to the main stage at this year’s Ripple Swell 2026 conference in New York. The event, beginning on October 27 at The Shed cultural center, will mark Schwartz’s first public appearance since transitioning from Ripple’s Chief Technology Officer to his new role as CTO Emeritus and board member.
Schwartz’s keynote and leadership shiftSchwartz’s transition to the board of directors represented a step away from daily executive responsibilities. Nonetheless, his forthcoming keynote is drawing attention from both the crypto community and institutional partners, many of whom had not anticipated such a swift return to public thought leadership.
His participation underscores the strategic importance Ripple places on technological innovation within the XRP ecosystem. Schwartz is expected to focus on a critical question: whether the XRP Ledger, originally designed as an efficient, decentralized payment protocol, can compete with current market alternatives in speed, scalability, and security.
Schwartz returns to center stage to address the pressing question of whether XRPL can stand out as a leading payments network in today’s competitive landscape, following his shift to board-level oversight.
The conference’s agenda will reflect both continuity and change within Ripple’s leadership. Key stakeholders will observe how Schwartz’s vision as CTO Emeritus could shape Ripple’s next phase of blockchain development.
Swell 2026 speaker lineup and new partnershipsThe Swell 2026 conference introduces a new format by merging Ripple’s investor-focused Swell forum with the engineering event Apex and the academic partnership platform UBRI Connect. This convergence aims to foster collaboration among financial professionals, blockchain engineers, and university researchers, with attendance expected to reach 1,500 participants.
Speakers will include former NYSE President Tom Farley, BNY’s Head of Global Markets Laide Majiyagbe, and Ripple CEO Brad Garlinghouse. Matt Damon, known for his philanthropic work with Water.org, will join to outline how his foundation plans to leverage RLUSD, Ripple’s new dollar-pegged stablecoin, for microfinance operations in Asia and Africa.
Another highlight is the October 28 fireside chat titled “Building What’s Next for XRPL,” featuring Schwartz and Ayo Akinyele, RippleX’s head of engineering. Akinyele brings expertise in applied cryptography, private zk-transfers, and AI infrastructure, setting the stage for deep technical discussion.
Mini dictionary: RLUSD, a stablecoin designed by Ripple and pegged to the US dollar, is intended to support seamless, low-volatility transactions for businesses and development projects requiring stable value transfer across borders.
XRP performance and investor expectationsThe conference arrives at a pivotal time for Ripple, as XRP closed the third quarter with a 46% gain, trading at approximately $1.53 and reaching a market capitalization near $97 billion. This robust rally has heightened market expectations for concrete advancements, especially regarding the integration of financial markets onto XRPL’s blockchain infrastructure.
MetricQ3 2026XRP Price$1.53Market Cap$97 billionQ3 Price Growth46%Developers and institutional users are seeking assurances from Schwartz that the XRP Ledger’s architecture can support fully operational financial markets and meet the demands of a changing digital economy.
Many investors now expect actionable updates and a clear roadmap from Ripple’s top technical minds as the company pushes for greater adoption of its blockchain platform.
With its expanded lineup and renewed engineering focus, Swell 2026 is positioning Ripple to further its ambitions in blockchain-powered finance while affirming its commitment to technological leadership in the crypto sector.
Zakladatel Cyber Capital Justin Bons označil prezentování XRP jako decentralizovaného za podvod s poukazem na neveřejný kód XRP Ledger a vliv doporučených seznamů validátorů (UNL).
The XRP decentralization debate is heating up again, with Justin Bons, the founder of Cyber Capital, claiming that XRP advocates are duping retail investors ahead of a controversial XRP Ledger update.
"Selling XRP to retail as 'decentralized' is straight up fraud!" wrote Justin Bons in a recent X post.
The passionate cryptocurrency analyst cited the use of undocumented software code by the XRP Ledger in its recent development as an example showing major flaws in the network's governance and consensus system.
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Bons believes the XRP Ledger has been operating on closed-source code for around two weeks now and that the change is expected to become mandatory as of Friday, Oct. 9.
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XRP Ledger developers shipped an emergency software update on Sept. 25, version 3.4.1 for the XRP Ledger server software. It tackles security-sensitive problems and adds the fixBatchV1_2 amendment.
XRP Ledger developers confirmed that sensitive security fixes are currently not published in source code form, which they plan to release together with a technical retrospective.
Should the amendment remain adequately supported and be activated on Oct. 9, outdated software servers will be amendment-blocked and will be unable to stay in sync with the network.
Bons claims that keeping the source code undisclosed leads to unnecessary security concerns.
Is XRP really centralized?Regarding the whole debate over centralization, the key point is the Unique Node List (UNL) model of the XRP Ledger.
As opposed to Bitcoin's Proof-of-Work system, the XRP Ledger depends on validators that individual network participants must trust. Ripple and the XRP Ledger Foundation publish lists of recommended validators that are used by default in the server configurations.
Anyone can run a validator for the XRP Ledger, but that doesn't necessarily mean they have any say in consensus. The other participants need to include them in their trusted list.
Technically, node operators may use any validators they wish, but XRP Ledger documentation warns that inadequate shared lists may lead to a node diverging from the rest of the network.
In the eyes of Bons, the existence of recommended validator lists gives their publishers too much power over the network.
Paxos přidá XRP na svou regulovanou kryptomakléřskou platformu, která partnerům umožní zákazníkům toto aktivum nakupovat, prodávat, držet, vkládat a vybírat.
XRP’s growing market presence is now meeting broader access through regulated financial infrastructure. On the 7th of October, Paxos, a regulated blockchain infrastructure platform, announced that it would be adding Ripple [XRP] to their crypto brokerage platform.
XRP now spans over 8.1 million wallets utilizing XRP, while the total market value exceeds $95 billion. Moreover, all partners who utilize the platform can allow customers to buy, sell, hold, deposit, and withdraw XRP.
As a result, this eliminates the need for each partner to create their own unique custody and settlement platforms.
Source: X Paxos also runs the service through its regulated trust framework. That service provides an additional channel to the XRP ledger for institutions.
However, the success of this initiative is dependent upon the number of partners who choose to actively use XRP and facilitate customer engagement with the asset.
Ripple pushes into Wall Street That broader institutional push is now reaching deeper into traditional markets, where Ripple is targeting the financing layer behind leveraged ETFs. Through Ripple Prime, the firm finances swaps that ETF managers use to amplify daily stock returns.
As a result of the expansion of the size of this market, there are currently 593 leveraged ETFs listed in the United States, with over $256 billion in assets. Ripple’s ability to finance these swaps was acquired through their $1.25 billion purchase of Hidden Road, Inc.
Source: Wall Street Journal This added a comprehensive set of prime brokerage capabilities, including clearing, funding, and other financial services.
Moreover, it gives XRP an opening as banks face tighter capital constraints and newer ETF managers seek alternative financing. The revenue potential is also significant, with one fund paying roughly 8% annually.
On the other hand, there are risks related to extreme price movements that may lead to large losses for counterparties. In light of these risks, Ripple may be positioned to further enhance its footprint on Wall Street but simultaneously take on additional financial risk.
Can Paxos expand XRP adoption? That said, moving forward, the next test is whether the infrastructure will translate into reliable demand. This is simply because regulated access means little without measurable XRP activity. Paxos has only just enabled the asset, leaving no partner-level volume to assess yet.
Meanwhile, U.S. spot XRP ETFs hold about 1.18 billion XRP, worth roughly $1.7 billion. That provides an existing benchmark for regulated demand. Yet XRP Ledger activity remains concentrated, with daily transactions often exceeding two million while active addresses stay relatively low.
Source: SoSoValue Therefore, Paxos needs to expand participation rather than simply add another access route. Rising partner volumes, institutional holdings, and active addresses would show that easier access is creating broader XRP demand.
That would turn Paxos’ infrastructure upgrade into measurable adoption.
Final Summary Ripple gains regulated institutional access through Paxos, expanding its potential reach across financial platforms. XRP needs stronger partner adoption and on-chain activity to turn broader access into sustained demand.
The International Monetary Fund (IMF) has placed a spotlight on the rapidly expanding world of tokenized assets, referencing major public blockchains including the XRP Ledger, Stellar, Ethereum, and Solana. This comes as industry focus intensifies on how financial institutions are embracing blockchain technology for regulated stablecoin issuance and new efficiencies in payments.
IMF’s analysis of tokenized finance trendsThe IMF’s July 2026 note, “The Rise of Tokenization: Deciphering New Trends in Payments and Asset Tokenization,” examines how banks and financial institutions are increasingly adopting public distributed ledger technology (DLT) for regulated digital assets. Rather than ranking or endorsing any particular network, the report points out that multiple permissionless blockchains are being utilized for real-world financial applications.
A concrete example discussed in the report is Société Générale’s euro-backed stablecoin, EUR CoinVertible (EURCV). The bank, a leading financial group based in France, has issued this asset on several public blockchains: Ethereum, Solana, the XRP Ledger, and Stellar. This illustrates a trend among regulated entities to experiment with open, public ledgers alongside private or permissioned networks.
Mini dictionary: Société Générale is one of Europe’s largest financial institutions, headquartered in France, and is active in both traditional and digital finance sectors.
The IMF references these blockchains not as the “leading” networks, but as examples of infrastructure being used by major banks to test regulated stablecoins on public protocols. The discussion underlines that public blockchain adoption is being observed across global banking partners, including those operating within the SWIFT network.
Market size, risks, and cautious outlookIn a separate analysis, the IMF’s October 2026 Global Financial Stability Report, “The Expansion of Tokenization: New Efficiencies and Vulnerabilities,” evaluates the scale and risks associated with increased tokenization. The report estimates the value of the tokenized real-world asset market at about $65 billion as of July.
Fixed-income products currently represent the dominant share of these tokenized assets. However, the IMF flags growing operational, liquidity, and contagion risks that come with greater dependence on smart contracts and decentralized ledgers. The report adopts a notably cautious tone, raising concerns rather than serving as advocacy for rapid tokenization.
IMF analysts emphasize that while banks are exploring regulated stablecoins on public blockchains such as XRP Ledger and Stellar, the growing market for tokenized real-world assets introduces new risks alongside efficiencies for the financial system.
Blockchain networkBank stablecoin testedGlobal adoption contextEthereumEURCVYesSolanaEURCVYesXRP LedgerEURCVYesStellarEURCVYesIn both the July and October IMF reports, there is no attempt to rank blockchains or declare any one network as dominant. The documentation simply records that multiple major chains have been chosen for institutional trials and deployments of stablecoins.
Interpretation and industry reactionsSocial media conversations have resurfaced around the IMF’s coverage of blockchain networks, with particular attention to the roles of XRP Ledger and Stellar as part of Europe’s regulated stablecoin implementations. However, the IMF remains neutral and analytical, focusing on infrastructure and market assessment rather than picking favorites among blockchain networks.
Discussions within the industry reflect this perspective, interpreting mentions of individual blockchains as recognition of their infrastructure role rather than explicit endorsements. Market observers continue to monitor how future IMF reports will address the balance between innovation and risk in tokenized finance.
The leap from being cited as infrastructure in regulatory documents to being called “leading” is an interpretive step, not a factual declaration by the IMF.
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.
The XRP payment volume spiked to an unprecedented 858 million in a single day, raising doubts about whether the XRP Ledger can maintain such high daily transaction volumes. A significant jump from recent baseline activity has occurred, reigniting discussions about the network's payment capacity and its future adoption path.
XRP volume picked upThe latest data indicates that XRP payment volume currently stands at 693.6 million, which is a 19.2% decrease from the recent peak of 858 million. The 30-day average for XRP payment volume is 674.5 million, suggesting that daily transfers in the 700 million range have set a new standard.
Source: XRP LedgerThe network achieved a peak all-time high of 7 billion during its most active market period, indicating it has the technical capacity to support even higher throughput.
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Can it reach high? Achieving consistent billion daily volumes would mark a significant milestone in XRP's adoption journey. Although the network has reached 858 million, which shows it is getting close, sustaining this level of activity requires more than isolated spikes. Major volume surges typically follow regulatory clarity, exchange listings, or institutional adoption announcements, as historical patterns reveal. The distance to the billion mark is shrinking as current averages draw closer to that milestone.
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Only 48% remains to reach the next major milestone, as the daily average currently stands at 674.5 million. The expansion of payment corridors and institutional partnerships are likely to be the catalysts that push volume over this barrier, according to industry observers.
The XRP Ledger dashboard displays 20,500 ledgers closed with an interval of 3.86 seconds, showing stable network performance at current volumes. With 17,900 active accounts, the network demonstrates a healthy level of user engagement.
Real-world payment adoption, rather than speculation, is what's really important for reaching sustainable billion daily volumes. The establishment of ongoing remittance corridors in key regions such as Southeast Asia and Latin America might provide the foundation for this jump. Volume spikes often accompany each new institutional partnership or regulatory approval.
Ripple moved 200M XRP between its own addresses, then sent 20M XRP to a new address.The XRPL amendment PermissionDelegationV1_1 goes live today at 21:25 UTC, letting firms assign up to 10 roles to third-party apps without exposing master keys.BTC fell to $82,165, and liquidations reached $395.78M.Spot ETFs saw net outflows of $487.37M from BTC funds and $160.84M from ETH funds (SoSoValue).ESMA requires EU crypto firms to close positions in non-MiCA-compliant stablecoins by January 8, 2027.The cryptocurrency market continues its correction, fueled by fresh U.S. macroeconomic data. Initial jobless claims fell to 197,000. For the Federal Reserve, this is a sign of a stable labor market that reduces the likelihood of further interest rate cuts, prompting investors to reduce their exposure to risk assets.
According to CoinGlass, the daily volume of forced liquidations of leveraged positions stands at $395.78 million, of which $344.49 million comes from long positions.
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Market sentiment is further pressured by historical memory: the market is approaching the anniversary of October 11, 2025, when the U.S.-China trade conflict triggered a record $19.16 billion in liquidations in a single day.
Cryptocurrency market capitalization heat map highlighting Bitcoin, Ethereum, and major altcoin price performance on October 8, 2026, Source: CoinMarketCapCaution among major players is driving funds out of spot crypto funds. According to SoSoValue data, BTC ETFs recorded net outflows of $487.37 million over the past 24 hours, while ETH ETFs lost $160.84 million. Selling pressure is also hitting funds based on Hyperliquid (HYPE, -$32.52 million), Solana (SOL, -$5.45 million) and XRP (-$2.61 million).
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An additional negative factor comes from requirements imposed by European regulator ESMA. The agency is requiring EU crypto companies to fully close positions in all stablecoins that do not comply with MiCA rules by January 8, 2027.
Outside the speculative sector, however, blockchain infrastructure continues to develop: the capitalization of tokenized real-world assets (RWA) remains at $65 billion, while the IMF notes sustained interest in 24/7 stock trading on blockchain.
Ripple's moves: Where are millions of XRP going?A major movement of capital has been recorded on the XRP Ledger. Blockchain data detected a transaction involving 200,000,000 XRP, executed at 09:37:31 UTC. The funds moved between internal addresses, from Ripple (1) to the balance of Ripple (50). Immediately afterward, Ripple split the amount, transferring 20,000,000 XRP to a new, unknown address.
One obvious theory is that the company is building liquidity for prime brokerage operations in the U.S. market. The $1.25 billion acquisition of Hidden Road and the launch of Ripple Prime have turned the company into a counterparty in the $256 billion leveraged ETF market, where Ripple earns fees of up to 8% annually, including from funds holding SanDisk shares.
The capital transfer coincides with preparations for the activation of the PermissionDelegationV1_1 protocol amendment, which goes live today at 21:25 UTC. The update allows corporate account owners to use DelegateSet transactions to assign up to 10 specific roles, such as compliance or internal audit, to third-party applications or subsidiary teams without exposing the wallet's private master keys.
XRP Ledger explorer block explorer showing a successful 200,000,000 XRP payment from Ripple (1) to Ripple (50) on October 8, 2026, Source: XRPScanWith the development of AI tools, this type of key isolation is becoming a standard security requirement.
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The technological changes are accompanied by commercial expansion. The Wall Street Journal reports that Ripple is moving into the territory of traditional custody and brokerage services. Infrastructure provider Paxos is adding XRP to its regulated platform, opening the asset to clients such as PayPal and Charles Schwab.
XRP currently has a $95 billion market capitalization across 8.1 million wallets, while the company's native stablecoin, RLUSD, has surpassed a $2.5 billion market cap, preparing to capture a share of the European market following the ESMA directive.
‼️Permission Delegation will be activated in 10h on the XRP Ledger! New era for institutional account access management. This will open the doors to a lot of interesting players. This feature allows especially treasury and asset issuers to delegate XRP account specific jobs like compliance to designated teams, without sharing the account keys with them. Big folks. Very big.
— Vet (@Vet_X0) October 8, 2026 The infrastructure updates are complemented by the fresh release of Ripple Custody 1.43, which adds support for Canton Coin, while the launch of Evernorth's XRPN treasury instrument on Nasdaq has been postponed to October 12.
Crypto market news: AI threat to encryption and the industry's responseThe main theme on October 8, 2026, is the progress of artificial intelligence in mathematics, which is raising practical concerns among blockchain developers. While Google Cloud is rolling out its enterprise AI assistant Gemini Agent, OpenAI has published 722 complex mathematical manuscripts generated by an experimental model.
Ethereum Foundation researcher Justin Drake warns of a risk that the ECDSA signature algorithm could be effectively cracked within months due to OpenAI's mathematical breakthrough.
In response, Ethereum creator Vitalik Buterin recommends that major holders use addresses with no outgoing transactions to conceal their public keys on-chain and gradually transition to hash-based cryptography.
Amid these discussions, a Satoshi Nakamoto-era address that had been dormant for more than 16 years became active: an ancient miner transferred 100 BTC (~$8.33 million) mined back in July 2010.
CZ Binance quote retweeting Vitalik Buterin's post about AI risks to cryptography on October 8, 2026. Source: @cz_binance / X. You Might Also Like
At the same time, the industry is responding to security challenges and developing new infrastructure formats:
Starknet's maneuver: The major L2 network says it plans to transition into an independent L1 blockchain to enable autonomous implementation of quantum- and AI-resistant protection by 2027, without waiting for lengthy upgrades on Ethereum.Solana user boom: The Solana network has grown 124% since the beginning of September, according to Santiment, while in late October, Samsung is set to integrate USDC transfers across the Solana and Sui networks directly into Samsung Wallet for 82 million Galaxy devices in the U.S.Real estate-backed lending: Real-world asset tokenization is reaching practical use. On RNT Lend, a platform built with Aave on Polygon, total value locked has surpassed $20 million, while loans backed by real estate have reached $9 million.79th Vault incident: On the negative side, CertiK analysts reported a likely exploit of the DeFi project 79th Vault, resulting in $12.5 million in losses.Market outlook: What investors should prepare forThe daily capital outflow from ETFs, totaling $689 million, looks painful, but technical and intermarket analysis shows that the long-term uptrend remains intact. Bitcoin's local drop to $82,165 is a textbook technical retest of the broken descending trendline of the annual channel from above, helping to relieve overbought conditions.
Dynamic support is located at $77,086 (50 MA), while the foundation of the global trend is the 200 MA at around $66,509.
The Bitcoin-to-gold ratio chart also confirms buyer strength: BTC has held above macro support and is testing resistance, demonstrating that large capital continues to systematically choose the scarce digital asset as its primary hedge.
Meanwhile, Ethereum at $2,527.57 remains squeezed between resistance at the 200-week MA ($2,536.40) and support at the 50 MA ($2,123.05), indicating a phase of liquidity accumulation.
Intra-day price performance comparison chart for BTCUSD, ETHUSD, and OTHERS index on October 8, 2026, Source: TradingViewFor XRP/USD, the current correction to $1.3942 represents a healthy retest of the upper boundary of the broken multi-month descending wedge and the long-term moving-average cluster in the $1.26–$1.27 range.
The global reversal is also confirmed by the altcoin market capitalization index excluding the top 10 assets (OTHERS), which has turned the former heavy resistance around $206 billion into solid support, opening the way for a medium-term rally.
Key checkpoints for the near term:
October 9: Activation of the BatchV1_1 amendment on the XRPL to launch batch transactions and optimize the throughput of the Ripple network.October 12: Official launch of Evernorth's XRPN fund on Nasdaq, which will become an important marker of institutional demand for XRP in the U.S.BTC support: Monitoring whether Bitcoin holds the 50-week moving average support at $77,086.ETF flows: A slowdown in capital outflows from spot BTC and ETH funds as a signal that the local correction may be nearing its end.Late October: Launch of free USDC transfers in Samsung Wallet across 82 million Galaxy devices in the U.S., which will help determine the fundamental strength of the bullish trend in Solana and Sui. You Might Also Like
Ripple, the cryptocurrency company behind XRP, is emerging as a new player in the leveraged ETF funding market, which has long been dominated by Wall Street banks.
Ripple is expanding its operations into traditional financial markets.
According to the Wall Street Journal (WSJ), Ripple is now making its way onto Wall Street. Ripple is emerging as a new player in the leveraged ETF funding market, which has long been dominated by Wall Street banks.
Ripple Prime is Now Active! The news report stated that Ripple Prime provides funding for leveraged ETFs that track the daily returns of individual stocks and major indices multiples of their respective value.
At this point, Ripple Prime generates revenue by providing financial contracts to ETF managers who can track stock returns in multiples, and charging them fees in return.
The WSJ article cited Ripple’s funding of the Tradr 2X Long SNDK Daily ETF as an example. It noted that the SanDisk 2x leveraged ETF paid Ripple approximately 8% annually. However, Ripple has not yet disclosed the amount of revenue it receives from leveraged ETF funding or the extent to which XRP and XRP Ledger are used in these transactions.
Competition Heats Up on Wall Street! The size of the leveraged ETF market in the US also reveals why Ripple is focusing on this area. According to Morningstar Direct data, which the WSJ report cites, 593 leveraged ETFs in the country manage over $256 billion in assets.
It was also noted that banks’ limited scope for action in certain areas due to capital and risk regulations has created new opportunities for financial companies like Ripple Prime.
Ripple has also expanded its relationship with hedge fund Brevan Howard, beginning to offer prime brokerage, clearing, and financing services across multiple asset classes. These moves are interpreted as Ripple preparing to take on a larger role in the institutional infrastructure of traditional finance, extending beyond the crypto market.
*This is not investment advice.
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Crypto Eri zpochybnila uzamčení 50 000 XRP na šest měsíců kvůli výnosům a dodatečným poplatkům; tato částka nejspíše odkazuje na DAG Wealth, veřejně dostupné materiály však takový závazek nepotvrzují.
Crypto Eri Questions 50,000-XRP Yield Lock as Flare and Doppler Expand Alternatives.
XRP commentator Crypto Eri has questioned why a holder would commit 50,000 XRP for six months to generate yield while also paying for an additional management layer. Her criticism comes as XRP holders gain access to several alternatives with different custody models, withdrawal periods and sources of return.
I can’t see any reason why you would agree to *Lock Up* your 50,000 XRP for 6 MONTHS to earn yield with an additional middleman layer haircut, with the choices available. DYOR.
— 🌸Eri ~ Carpe Diem (@sentosumosaba) October 8, 2026
The 50,000-XRP figure points most closely to DAG Wealth, although the offering is not an on-chain protocol. DAG lists 50,000 XRP—or $250,000 in qualifying assets—as its standard managed-account minimum.
However, public information does not fully confirm the arrangement Eri described. Neither DAG’s website nor the launch material reviewed for this report states that clients must lock XRP for six months.
The Likely Product Behind Eri’s Criticism The strongest match is DAG Wealth’s Parataxis Systematic Trading Strategy, launched in September.
Under that structure, eligible clients contribute XRP to a separately managed account held with Anchorage Digital.
The XRP remains in the client’s name and serves as collateral while Parataxis Capital Management trades on the client’s behalf. Any gains or losses return to the same account.
This is a three-party arrangement involving the investment adviser, qualified custodian and external trading manager. Eri’s reference to an “additional middleman layer haircut” appears to concern the effect of professional fees on the holder’s net return.
Still, the exact fee schedule is not public. DAG directs prospective clients to its Form ADV and individual agreements for fees, conflicts and other terms.
The 50,000-XRP threshold is also the minimum for the broader DAG Wealth relationship, not proof that every client must place the full amount into this one strategy.
DAG has also offered XRP-focused Income and Growth Funds, but its public announcement does not disclose a six-month lock or detailed fee structure.
The precise product behind Eri’s six-month reference therefore remains unconfirmed from public materials.
Flare Offers On-Chain XRP Yield With Different Risks Flare takes a different route by representing XRP as FXRP, which can be used across lending, liquidity and structured-yield applications.
That distinction matters because XRP itself does not generate native staking rewards. Returns must come from another activity, such as lending, options, market-neutral trading, liquidity provision or underwriting risk.
One option is Firelight, which became fully operational this week. Users stake FXRP and receive stXRP while their capital supports DeFi cover markets.
Current documentation places the unstaking period at one to two days, although this is expected to expand to roughly 30–60 days when 30-day coverage periods take effect.
The shorter exit window does not make Firelight risk-free. Once cover is active, staked capital can be slashed if a validated claim exceeds the protocol’s first-loss buffer.
Flare also supports curated vaults accessible through an XRPL wallet. The earnXRP vault uses lending, liquidity and structured strategies, with withdrawals typically settling within one or two days rather than through a fixed six-month commitment.
The trade-off is exposure to FXRP infrastructure, smart contracts and the underlying strategies selected by the vault manager.
Doppler Finance Uses Native XRP but Remains CeDeFi Doppler Finance allows users to deposit native XRP directly from the XRP Ledger.
Its XRP Vault automatically compounds returns and imposes a seven-day withdrawal period. Doppler says it charges no platform fee for deposits or withdrawals beyond network costs.
Yet Doppler is not a purely on-chain alternative. Its documentation says the current vault relies on institutional custody, secure delegation and selected centralized platforms to generate CeDeFi and real-world-asset yield. No on-chain yield is currently being generated by the vault.
That introduces custody, counterparty and principal-loss risks. The XRP Vault is also unavailable to users in the United States and other restricted jurisdictions.
Every XRP Yield Route Has a Cost Eri’s broader argument centers on liquidity and the return left after every cost is deducted.
The DAG structure offers professional management and qualified custody, but introduces advisory, custody and trading-manager layers.
Flare provides transparent on-chain routes and shorter exits, while adding smart-contract, bridge and, in Firelight’s case, slashing risks. Doppler offers a seven-day exit using native XRP, but its yield currently depends on custodians and centralized counterparties.
XRPL’s built-in AMM is another option. Liquidity providers can earn trading fees without giving a manager discretion over the position, but they must supply paired assets and accept impermanent-loss exposure.
No XRP product generates yield from nothing. A meaningful comparison requires five figures that are not always presented together: net return after fees, source of the yield, custody arrangement, withdrawal time and the conditions under which principal can be lost.
Until the six-month term and complete fee schedule behind the product Eri referenced are made public, its net result cannot be compared cleanly with Flare, Doppler or native XRPL liquidity options.
XRPL může aktivovat PermissionDelegationV1_1, pokud si podporu zachová alespoň u 29 z 35 důvěryhodných validátorů. Funkce umožní delegovat vybrané operace, aniž by bylo nutné předat kontrolu nad hlavními klíči.
XRP Ledger (XRPL) Permission Delegation Nears Activation as Validator Support Holds.
The XRP Ledger is approaching activation of PermissionDelegationV1_1, an upgrade that will let accounts hand specific permissions to another account without giving away control of their main keys.
The amendment’s 14-day approval window reaches its earliest activation point at approximately 21:25 UTC today, Oct. 8.
At the latest check, it was about 14:46 UTC, leaving roughly 6 hours and 34 minutes until that threshold.
The amendment still depends on validator support remaining above the required level through the full window.
XRPL’s PermissionDelegationV1_1 amendment reached majority support on Sept. 24 and is approaching its earliest activation window on Oct. 8 at 21:25 UTC, subject to validator support remaining above the required threshold. Permission Delegation Has 30 of 35 Validator Votes The live XRPL amendment tracker showed 30 of 35 trusted validators voting yes at its latest roll call, while 29 votes are needed to keep the activation countdown running.
The current majority began on Sept. 24 at 21:25 UTC after an earlier approval period was interrupted. XRPL amendments need support from more than 80% of trusted validators for 14 consecutive days.
If support falls back to 80% or below before the timer completes, the countdown resets again.
That explains why earlier reports pointing to an Oct. 5 activation did not materialize.
The Oct. 8, 21:25 UTC mark is also not necessarily the exact second the feature turns on. Amendment votes are processed at flag ledgers, which arrive roughly every 16.5 minutes.
Based on the current ledger schedule, actual activation could occur around 21:42 UTC, provided the majority remains intact.
What Permission Delegation Changes on XRPL PermissionDelegationV1_1 introduces a DelegateSet transaction and a corresponding Delegate ledger object.
An XRPL account will be able to authorize another account to carry out selected operations on its behalf. The delegating account keeps control of its keys while choosing exactly which functions the other account can perform.
The system supports up to 10 permissions per delegation entry, and those permissions can later be changed or revoked. Examples include allowing another account to send certain transaction types or handle narrowly defined tasks such as trust-line authorization.
This gives businesses and institutions a way to separate responsibilities. A company, for example, could let an operations account handle one type of transaction without giving it unrestricted authority over the treasury account.
This Is the Revised Version of Permission Delegation The amendment scheduled for activation is PermissionDelegationV1_1, introduced with XRPL server version 3.3.0.
It replaces the original PermissionDelegation amendment, which was disabled after a critical bug was found. The revised version fixes that implementation while retaining the underlying XLS-75 model.
There is still one technical caution. XRPL documentation currently recommends avoiding delegation of the PaymentBurn granular permission until the separate fixCleanup3_4_0 amendment is enabled. Other granular permissions are not affected by that warning.
If validator support holds, the next milestone comes tonight: the 14-day threshold at 21:25 UTC, followed by activation at the next eligible flag-ledger sequence shortly afterward.
Evernorth, an XRP-focused treasury entity backed by Japan-based financial conglomerate SBI Group, has drawn the attention of the crypto sector with its declared strategy to actively increase the value of its XRP holdings. The plan, documented in official SBI slides and highlighted by crypto researcher SMQKE, marks a distinct approach compared to typical corporate assets that are simply held without further action.
Strategic investment and active measuresSBI Group invested $200 million in Evernorth through a Private Investment in Public Equity (PIPE) deal. SMQKE, a well-known independent crypto researcher, emphasized that Evernorth is not passively storing XRP but has committed to implementing strategies aimed at asset growth. These strategies include providing institutional lending and utilizing decentralized finance (DeFi) protocols.
According to official SBI materials, Evernorth’s model involves lending out XRP to institutional investors and deploying assets in DeFi operations to generate returns. Unlike typical treasury vehicles, which accumulate digital assets and await price appreciation, Evernorth intends to reinvest yields to further expand its XRP position.
Mini dictionary: SBI Group is a Japanese financial services group with major operations in banking, asset management, and digital assets, recognized for its leadership in crypto investments across Asia.
SMQKE noted that these steps by Evernorth are directly documented in SBI’s publicly released reports. The strategy is seen as a deliberate attempt to enhance Evernorth’s overall exposure to XRP and to influence the value trajectory of its significant holdings.
Digital Asset Investor, a prominent figure in the XRP community, pointed out that Evernorth is not merely forming a treasury to hold digital assets. He remarked, “You’re not creating an XRP treasury unless you’re expecting the value of XRP to go up, and expecting to do everything you can to make the value go up.”
You’re not creating an XRP treasury unless you’re expecting the value of XRP to go up, and expecting to do everything you can to make the value go up.
Evernorth currently holds 473 million XRP tokens, placing it among the largest public XRP treasury holders worldwide. Its strategy of deploying active measures, rather than solely accumulating tokens, is viewed within the community as a strong signal of intent regarding market participation.
According to publicly available information, yields generated from institutional lending and DeFi will be reinvested into acquiring additional XRP, potentially amplifying Evernorth’s influence as a major corporate holder.
AspectEvernorthTypical Corporate TreasuryAsset strategyActive (lending, DeFi, reinvesting)Passive (hold only)XRP holdings473 millionVaries, generally smallerFunding$200 million (SBI PIPE deal)VariesNasdaq listing and timelineEvernorth is scheduled to debut on the Nasdaq under the ticker XRPN on or around October 12. A brief delay has shifted the closing of its transaction to approximately October 9, with no anticipated impact on the listing process. The recent shareholder vote on September 30 approved the merger, clearing the way for the public launch.
Upon trading commencement, both retail and institutional investors are expected to access regulated exposure to XRP through standard brokerage accounts. The combined effect of Evernorth’s soon-to-be-available security and its active asset management is providing the XRP community with a concrete timeline and a strategic institutional mandate.
The combination of the imminent Nasdaq listing and Evernorth’s documented active strategy offers the XRP community a clear mandate and timeline as trading begins under the new XRPN ticker.
Emeritní technický ředitel Ripple David Schwartz a generální ředitel Flare Hugo Philion se přou o potenciál půjček XRP před spuštěním nativní funkce XRPL, o jejímž návrhu XLS-66 hlasují validátoři.
The XRP lending race is already underway, even though the XRP Ledger’s native lending feature hasn’t launched. Ripple CTO Emeritus David Schwartz and Flare CEO Hugo Philion have sparked a friendly debate over just how big the opportunity could become.
The disagreement highlights a bigger question: should developers wait for native tools, or build lending infrastructure around the ledger now?
XRP Lending Could Unlock A Bigger Financial MarketNative XRP Ledger lending would let users lend and borrow assets directly on the blockchain. Validators are still voting on XLS-66, the proposal behind the feature, while XRPL Commons says lending is about to go live and has promoted a New York hackathon with lending and borrowing tracks.
source: xSchwartz says nobody has built anything with the feature yet, leaving early developers plenty of room. He’s long viewed extending credit on the XRP Ledger as important, arguing lending is one of the biggest needs in any financial system.
Flare Wants To Build Before XRPL UpgradesPhilion praised Schwartz’s intelligence but argued he may underestimate lending’s potential. He also pointed to outside infrastructure that can connect to the XRP Ledger.
Flare plans to deploy lending logic on its own side rather than wait for major XRPL upgrades. Its approach combines Protocol Managed Wallets with the Flare Confidential Compute stack, aiming to deliver near-full smart-contract capabilities.
Native Wallet Access Could Avoid Bridge RisksThe proposed setup could let holders lend coins from native XRPL wallets without relying on traditional cross-chain bridges. That would keep assets closer to their native environment, while fees would flow to the Flare ecosystem.
For the XRP lending market, the competition is taking shape before native tools arrive. Schwartz sees room for developers to use the ledger’s existing capabilities; Philion is betting external infrastructure can expand what’s possible. The real test will be whether either approach turns the opportunity into usable lending products.
Story Ends Here
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Moscow Exchange plánuje 1. prosince zahájit obchodování s kryptoměnami v souladu s novým ruským regulačním rámcem; zpočátku očekává, že bude podporovat BTC, ETH, SOL, XRP a TRX.
Moscow Exchange (MOEX), Russia’s largest stock exchange, plans to begin offering crypto trading on December 1 under the country’s new regulatory framework. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and TRON (TRX) are expected to be the initial cryptocurrencies supported by the exchange
Moscow Exchange to Offer Crypto Trading Moscow Exchange is currently testing crypto trading with professional traders, said senior managing director for sales and business development Boris Blokhin on October 8. This is a test environment for digital currency trading, testing the functionality that will eventually be implemented in the production environment
“We will continue testing until launch. We plan to provide this cryptocurrency trading capability on December 1st, in line with the new legislation,” he added, according to TASS.
Moscow Exchange intends to use its existing trading organizer license and stock-market infrastructure for crypto assets, which the new regulations permit. “Therefore, everything is very simple – both for the participants and for us” as there is no additional inclusion in the exchange’s register is required.
The announcement follows the entry into force of Russia’s cryptocurrency market legislation in early September. The Bank of Russia has begun registering crypto exchange operators and crypto custodians such as Sberbank and VTB Bank.
As CoinGape reported, Sberbank plans to launch its first crypto products on December 1. The products will be offered via SberBank Online, SberInvestments and SberBusiness. These services are already available in the bank’s overall digital platform.
Under the framework, unqualified investors can buy only Bitcoin, Ethereum, and Tether (USDT), up to 300,000 rubles per year. Qualified investors can purchase all cryptocurrencies on the platform and over-the-counter markets, without a limit on the amount.
Moscow Exchange launched perpetual futures tied to Bitcoin, Ethereum, Solana, XRP, and TRON indices last month. The contracts are quoted in US dollars, settled in Russian rubles, and limited to qualified investors. This positions Russia’s Moscow Exchange to offer regulated crypto exposure alongside banks and other licensed intermediaries.
To understand how these state-backed initiatives compare with international providers, traders can look at our comprehensive review of the regulated crypto exchanges comparison currently operating in the market.
Ripple a jihokorejská společnost Meritz Securities budou zkoumat využití řešení Ripple Custody a infrastruktury pro tokenizaci na korejském kapitálovém trhu.
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.
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Ripple headquarters in Dubai. Ripple and South Korean brokerage Meritz Securities have signed a strategic partnership to assess Ripple Custody and Ripple’s tokenization infrastructure for the country’s capital markets. The review comes as digital assets move toward formal regulatory recognition in South Korea, while the XRP price slips below $1.50.
South Korean financial firm Meritz Securities is partnering with Ripple to bring institutional digital asset custody and tokenization to the local market.
The two companies will roll out these new services in stages as South Korea's financial regulations officially embrace… pic.twitter.com/VDEyJfeJqe
— XRP Myth Buster (@XRPMythBuster) October 7, 2026 The companies plan to begin cooperation within the limits of existing securities-business rules and regulations, then consider expanding it in stages as South Korea’s digital-asset framework develops.
Meritz Securities said it is examining possible business lines that could become relevant as digital assets enter the regulated financial system.
This list helps explain why the Ripple tie-up may matter beyond custody: Meritz is assessing how several kinds of digital-asset services could fit its capital-markets business as rules change. But the company has not tied those potential activities to Ripple, nor said that any of them will proceed.
Tokenized securities can represent financial assets on a blockchain, but issuance and investor rights depend on the product and its legal structure; tokenization’s relationship to ownership and liquidity is therefore central to assessing any future offering.
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What Does the Ripple Infrastructure Review Cover?Ripple Custody is described as Ripple’s institutional digital-asset custody solution, while the company’s tokenization infrastructure is intended for use by financial institutions. Both are currently offered to global financial institutions, and Meritz and Ripple will jointly review how they could be brought to the Korean capital market.
The announcement specifies no blockchain network, custody volume, asset-issuance process, customer group, transaction mechanics, or operating model.
For financial institutions, custody and tokenization are related but distinct pieces of infrastructure: custody concerns safeguarding and managing digital assets, while tokenization concerns representing assets in digital form. The partnership does not spell out how those functions would connect in a Korean service.
Institutional custody also involves operational controls and execution requirements beyond simply holding assets, as discussed in the evolution of institutional custody and execution.
Meritz said the arrangement is intended to combine Ripple’s global digital-asset infrastructure with the brokerage’s capital-markets capabilities, and that it plans to prepare digital-asset financial services in stages as domestic rules change.
Ripple Asia-Pacific Managing Director Fiona Murray said the company would explore how digital-asset infrastructure could support the continued development of Korea’s capital markets. Neither statement sets out a delivery milestone or commits either firm to a commercial launch.
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XRP Price Eyes A Bullish CatalystXRP is trading around $1.45, down 4.3% over the past 24 hours and 3.9% over the last seven days, according to CoinGecko. The token has also slipped from around $1.52 during the latest 24-hour range, suggesting sellers still have the upper hand in the near term.
The setup remains cautious, with XRP struggling to hold recent gains despite Ripple’s latest expansion into South Korea’s capital markets. Our prediction-market data puts the $1.40 area as a key downside level, while $1.60 represents the more notable upside target for October. CoinGecko
A sustained move above $1.60 could therefore shift the XRP price outlook toward a stronger recovery, while losing $1.40 could expose the token to deeper downside. For now, XRP appears to be caught between those levels, making the Ripple-Meritz partnership a potential catalyst rather than an immediate price trigger.
Ripple Custody 1.43 přidává podporu Canton Network, takže banky a fondy mohou v jednom zabezpečeném prostředí spravovat Canton Coin (CC) a tokeny CIP-56.
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Ripple has released an update to its institutional platform, Ripple Custody version 1.43, adding support for the Canton Network. The release allows banks and funds to custody the native Canton Coin (CC) and CIP-56 tokens within a single secure environment, marking a major strategic move by the company to dominate the Wall Street tokenization market.
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The move changes the balance of power in the race to tokenize real-world assets (RWA) and dispels a popular media myth from late 2025 that Canton was an "XRP killer." Instead of a head-on battle for banking infrastructure, major players have moved toward a pragmatic division of labor.
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Tokenization giants choose market division over all-out rivalryThe main problem with blockchain on Wall Street has been excessive transparency: banks cannot disclose their balances and transaction details to competitors. Canton Network, developed by Digital Asset, addresses this issue at the protocol level — in multi-party transactions, each participant sees only their own data.
The Ripple Custody 1.43 update gives institutions a familiar control panel for this private environment, from isolated key storage to pre-approvals and two-step transfers.
The scale of the integration is far removed from retail speculation. Canton's industrial base is already used by Goldman Sachs, BNP Paribas, and BNY Mellon. Broadridge's platform processes multibillion-dollar repo transactions through it every day, while clearing giant DTCC tokenizes U.S. Treasuries on these rails. The CIP-56 standard allows such settlements to be conducted on a delivery-versus-payment basis, atomically and without vulnerable cross-chain bridges.
Ripple Custody release documentation detailing Canton Network integration features, Source: Ripple You Might Also Like
In late 2025, amid a rally and Bitwise's preparations to launch a Canton Coin-based ETF, the media expected a war for banking corridors. The latest release has put everything in its place, clearly showing how major players have simply divided their spheres of influence in the tokenization market instead of competing head-on.
Canton Network is taking on the role of a private ledger and a "digital notary" for recording ownership rights within the banking sector. Ripple and the XRP token, in turn, remain a public liquidity bridge for transferring value across borders between fragmented systems.
Custody support for Canton allows Ripple to prevent banking clients from leaving and cement its position as a key infrastructure partner for Wall Street in a multichain world.
Ripple převedl 99 866 844 XRP v hodnotě přibližně 149,6 milionu USD do peněženky spojené s Binance; prostředky následně putovaly na další adresu spojenou s burzou.
Ripple has executed a significant transfer of XRP, moving 99,866,844 tokens valued at approximately $149.6 million. This transaction was first flagged by analyst Xaif, who shared detailed on-chain data revealing a larger pattern of fund movement.
Transaction specificsThe transfer took place on October 6, with Ripple sending the XRP from its managed wallet to an address tagged with Destination Tag 681503328. Upon settlement at 4:18 PM UTC, the transaction incurred a minimal fee of only 0.000015 XRP. Prior to the transfer, the receiving wallet held 38,196.4 XRP. After the transaction, its balance increased to 99,905,040.611845 XRP.
The low transaction cost highlights one of XRP Ledger’s main advantages in enabling large-scale fund movement at a fraction of a cent.
WalletBalance BeforeBalance AfterFee PaidDestination (681503328)38,196.4 XRP99,905,040.611845 XRP0.000015 XRPFlow of fundsBlockchain tracking service Whale Alert also monitored the transaction, identifying the recipient as an “unknown wallet.” On closer inspection, on-chain activation records link this address—and a subsequent wallet to which the funds were moved—directly to Binance, the world’s largest cryptocurrency exchange by trading volume.
Ripple’s substantial transfer did not remain idle, with the XRP later moved to a second wallet also associated with Binance. Both wallets show activation connections to the exchange. This movement suggests that Ripple may be managing liquidity or facilitating exchange-related operations.
Mini dictionary: Whale Alert, a blockchain tracking platform that monitors and reports large cryptocurrency transactions across major networks, providing real-time updates on fund movements involving exchanges, companies, and prominent wallets.
Pattern of similar XRP transfersData from Whale Alert shows that three additional major XRP transfers occurred within this period, each conveying roughly 99,865,845 tokens. Two of these were movements between wallets already associated with Binance. The earliest transfer highlighted by analyst Xaif originated directly from Ripple’s designated wallet, marking the start of this cluster of activity.
Market and community responseThese latest transactions took place only hours after another nearly 100 million XRP transfer involving Ripple. Several community members on social media argued that such transactions are routine fund movements rather than direct sales into the market. One user said the classification of “unknown wallet” simply reflects labeling conventions, not necessarily evidence of an imminent sale. The same user pointed to $1.55 as a level to watch for XRP.
“Unknown is just a tag, not proof of a sale. $1.55 continues to be a key price for $XRP,” wrote one participant.
Another community member claimed the tokens ended up in a Ripple-controlled wallet, disputing speculation about an imminent market dump by the company. On-chain data supports the assertion that funds have moved between Ripple and Binance-linked wallets, indicating operational rather than market-driven transfers.
At the time of these transactions, XRP traded at $1.47, showing a 2.35% decline on the day. One social media commenter argued the transfers carried no broader significance, while another speculated the move could relate to an acquisition, though no concrete evidence for this has surfaced. In recent years, Ripple has pursued multiple acquisitions to expand the XRP ecosystem and utility, but no new details emerged in connection with these recent transfers.
One observer suggested the community bookmark the large transaction for future reference, though no official links to any specific acquisition activity have been confirmed.
ETF společnosti Bitwise nakoupil XRP v hodnotě více než 10,55 milionu USD, což představuje jeho největší říjnový nákup; ostatní XRP ETF toho dne zaznamenaly odlivy.
Bitwise has expanded its XRP exposure again as institutional investors appear to have shown renewed interest during the last ETF trading session.
After a few days of staying silent, recent market data shows that Bitwise has bought more XRP than it has done so far this month, even though the market is currently volatile.
Bitwise attracts more capital Although XRP has failed to sustain the uptrend seen during the weekend, institutional investors remain convinced about its future price potential.
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As such, they have continued to expand their XRP exposure through Bitwise, as data shows that Bitwise has bought over $10.55 million worth of XRP.
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The purchase came after Bitwise attracted fresh capital into the XRP ETF market, representing the sole capital contributor among all XRP ETFs, as major funds like Franklin Templeton and Canary Capital only recorded withdrawals for the day.
Notably, the move represents the largest XRP purchase Bitwise has made since October began, as it had only recorded little to no inflows in the past few days.
XRP turns bearish While the size of the recent XRP purchase from Bitwise is not entirely significant, the timing of the transaction has made it most noticeable, as it suggests that investors may be buying XRP's dip.
Despite trading above $1.50 earlier this week, XRP has suddenly reversed to a deeper price level in the last day, dropping to around $1.43 earlier today.
The subtle XRP ETF demand through Bitwise marks a major divergence from its current price movement, sparking curiosity about XRP's price potential for the rest of the month.
South Korean crypto traders are shifting away from payment-focused assets such as XRP toward AI-linked cryptocurrencies, with AI tokens emerging as the country’s most traded thematic crypto category by June 2026.
The shift was highlighted in a new Chainalysis report covering crypto activity in East Asia between July 2025 and June 2026. The report measures thematic categories based on their share of trading volume denominated in the Korean won.
AI Crypto Becomes South Korea’s Top Thematic CategoryAI cryptocurrencies became the most popular thematically defined investment category in South Korea by June 2026, surpassing payment tokens such as XRP.
Chainalysis defines AI cryptocurrencies as digital assets linked to AI-focused projects or AI infrastructure. The category accounted for a significantly larger share of won-denominated trading than AI crypto markets in other major currencies.
The report said AI cryptocurrencies had become the “single most popular thematically-defined investment category” in South Korea, overtaking payment tokens such as XRP.
Worldcoin Leads Korean AI Crypto TradingSeveral AI-linked tokens recorded significant trading volumes among South Korean investors during the period covered by the report.
The five leading tokens were:
Worldcoin (WLD): $7.41 billionSAHARA: $3.2 billionVIRTUAL: $2.7 billionBIO: $2 billionNEAR: $1.7 billionThe leadership within the category has also changed. VIRTUAL and KAITO were among the leading AI-related tokens in 2025 before Worldcoin and SAHARA took the lead.
Chainalysis noted that Korean retail traders are moving through the AI crypto category faster and with greater intensity than traders in other markets covered by the report.
South Korea Stands Out In AI Crypto TradingThe strength of South Korea’s AI crypto activity is particularly notable compared with other major currencies.
In June 2026, the Korean won’s AI-crypto trading share was 19.5 times higher than that of the Japanese yen. AI cryptocurrencies accounted for 0.91% of yen-denominated trading, compared with a substantially higher share in the Korean market.
The category represented 1.02% of euro-denominated trading, 0.20% of Brazilian real-denominated trading and just 0.03% of British pound-denominated trading.
Why Korean Traders Are Turning To AI CryptoChainalysis linked the rise in AI-token trading to South Korea’s broader exposure to the artificial intelligence investment cycle.
The country’s stock market has significant exposure to SK Hynix, a major memory-chip manufacturer whose products are used in AI data centers. The report noted that AI-focused crypto trading grew alongside the company’s rise.
South Korea’s crypto market is also heavily driven by retail investors. Francis Kang, executive director of Korea Blockchain Week, described the market as “famously retail-driven,” while Chainalysis noted that Korean retail investors tend to seek high-risk, high-reward opportunities.
South Korea’s Crypto Market Continues To GrowThe shift toward AI cryptocurrencies comes as South Korea’s overall crypto market continues to expand.
South Korea recorded approximately $449 billion in crypto activity during the period covered by the report, marking a 12.3% increase and making it the largest crypto market in East Asia.
The country’s exchange ecosystem also grew by 16.3%, even as the wider East Asian crypto market contracted modestly.
For XRP, the data points to a change in South Korean retail trading preferences. While XRP remains an important asset in the market, AI-linked cryptocurrencies have taken the lead among thematic categories as traders increasingly rotate toward the AI narrative.
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Čistá aktiva amerických ETF na XRP ve třetím čtvrtletí vzrostla o 80 % na rekordních 1,77 miliardy USD. Investiční ředitel Bitwise Matt Hougan přisuzuje zájem poradců dlouhé historii XRP a jeho známému využití v platebním styku.
Bitwise Chief Investment Officer Matt Hougan has argued that XRP’s pull with certain institutional investors, especially financial advisors, rests on two plain considerations: confidence that the asset will still exist years from now, and a set of uses those advisors already recognize.
The comments appear in a video Token Relations posted on September 28, 2026, alongside a note that net assets in US XRP exchange-traded funds had climbed 80 percent through the third quarter to a record $1.77 billion. Hougan said the token “appeals for very simple reasons.”
The first, he explained, is that advisors are confident it is not going away.
Many professionals looking at crypto still ask whether the assets are genuine, whether they will last, and whether they will be around in the future. In his account, XRP’s long operating record and substantial background answer that doubt in a way newer tokens often cannot.
That distinction matters for portfolio construction. An advisor placing client money does not only weigh expected return.
The advisor also has to judge whether the holding is likely to remain a functioning market years later, when the account is reviewed, rebalanced, or passed on.
Hougan framed XRP’s history as the feature that reduces that particular uncertainty.
Belief that an asset will persist is not the same claim as a forecast that its price will rise, and his remarks did not treat price appreciation as the reason advisors are buying.
The second reason is practical familiarity. Hougan said XRP fits real-world applications advisors can already explain.
They follow stablecoins.
They follow cross-currency transfers and the liquidity required to complete those transfers.
They also follow industry news and can assess what developments in that space might mean for the broader XRP community.
Those are subjects already present in conventional market coverage, so the investment case can be discussed in language closer to payments, foreign exchange, and market plumbing than to a purely speculative token story.
XRP ETFs net assets have grown 80% throughout Q3 to an all-time high of $1.77B.@Matt_Hougan, Chief Investment Officer at @Bitwise, on what's driving institutional demand for $XRP:
"XRP appeals for very simple reasons … One is that [financial advisors] are confident it's not… pic.twitter.com/7YXqVPpOj2
— Token Relations (@TokenRelations) September 28, 2026
That framing helps explain why regulated products have become a visible channel even when short-term price action is not the main argument.
Exchange-listed funds let advisors gain exposure through brokerage accounts they already use, without building direct custody for every client.
The third-quarter jump in ETF net assets to $1.77 billion is the backdrop Token Relations used when it published the clip.
Later flow data showed that asset totals and new subscriptions can diverge once the underlying price moves, which is consistent with Hougan’s separation of durability from price performance.
Cumulative inflows across the US spot products remained large after the September 25 peak, while mark-to-market asset values eased as XRP’s market price changed.
Hougan’s firm is itself an issuer in that market.
The Bitwise XRP ETF trades on NYSE Arca and charges a 0.34 percent annual expense ratio.
Updated fund materials around the end of September kept the offering current as shares continued to be issued.
Other sponsors, including Franklin, have also gathered substantial cumulative inflows, so the advisor channel is not limited to a single product.
The remarks describe a narrow form of institutional interest.
It is not a claim that every institution is allocating, or that XRP has displaced bitcoin as the default crypto holding.
It is an account of why some advisors, once they have an exchange-listed vehicle, find XRP easier to underwrite: a long record that speaks to permanence, and applications in stablecoins, cross-currency transfer, and liquidity that they already monitor.
Příspěvek generální ředitelky MoonPay Institutional Caroline Pham s logem Ripple vyvolal spekulace o partnerství týkajícím se XRP. MoonPay ani Ripple však spolupráci ani nové služby nepotvrdily.
A recent social media post from Caroline Pham, CEO of MoonPay Institutional and former Acting Chair of the US Commodity Futures Trading Commission, has ignited fresh speculation about a possible collaboration between MoonPay and Ripple, particularly regarding XRP.
MoonPay CEO connects with RipplePham raised eyebrows after sharing an image of herself pointing to the Ripple logo. Her caption, featuring only the eyes emoji, fueled rumors across the crypto community about a significant development involving the two companies.
Caroline Pham’s involvement is attracting increased attention due to her institutional background in digital asset regulation and her leadership role at MoonPay, a payment platform that facilitates the purchase of cryptocurrencies with fiat currencies.
Ripple, known for developing blockchain-based payment infrastructure, maintains a strong presence in the enterprise segment of digital assets, with a focus on the XRP Ledger and cross-border payments.
Crypto community member Archie speculated that the photo could be a sign of a forthcoming partnership or major initiative related to XRP. Despite this, no official comments or announcements have been made by Pham, MoonPay, or Ripple.
Notably, the only direct hint is the image itself, with no formal statements from either MoonPay or Ripple confirming any partnership or upcoming project as of now.
Possible areas for collaborationArchie discussed the possible synergies between the two businesses, suggesting that a partnership could connect MoonPay’s payment infrastructure with Ripple’s suite of enterprise payment solutions. This could allow easier transitions between fiat and digital currencies for end users, streamlining processes for both institutional and retail customers.
If such integration moved forward, MoonPay could boost support for XRP and Ripple’s stablecoin RLUSD. As both platforms expand their offerings, customers may benefit from faster, more efficient ways to access and use digital assets worldwide.
However, neither company has confirmed any changes to their existing services or plans to enable new XRP-related features, leaving much of the speculation unsubstantiated.
Mini dictionary: RLUSD, Ripple’s US dollar-pegged stablecoin designed to facilitate seamless digital payments and settlements for institutional and retail customers.
Institutional payments could potentially represent another collaboration opportunity, with MoonPay Institutional offering payment solutions to businesses and Ripple driving enterprise blockchain adoption. Their combined expertise may appeal to clients seeking advanced liquidity management or digital asset settlement tools.
Archie implied that the presence of both brands in one image could suggest an unannounced collaboration, arguing, “MoonPay moves money, while Ripple moves value on the ledger.”
Market awaits official detailsDespite the speculation, the market has not received any confirmation of a formal partnership or co-developed services. Pham’s regulatory background could play a strategic role if new institutional offerings are being considered, but her post alone does not constitute an announcement.
Archie urged followers to “expect the unexpected,” reflecting a sense of anticipation among XRP holders and the broader crypto community.
Any potential collaboration would likely depend on the scope of technologies and services integrated, as well as subsequent user adoption. Until further details become available, traders and investors remain attentive to official communications from all parties involved.
