Track market-moving stories before they get noisy

XRP’s recent upward momentum seems to be supported by increased accumulation from large investors. On-chain analytics provided by Santiment, a blockchain intelligence firm, show that wallets holding between 100,000 and 100 million XRP expanded their combined balances by 2.8% over the past five weeks. In contrast, the smallest retail wallets, those holding less than 0.01 XRP, have reduced their holdings by 5.2% during the same period.

Large holders accumulate as price reboundsThe data indicates a clear divergence between the strategies of major investors and smaller retail participants. As XRP traded within a relatively narrow range between $1.05 and $1.12, the larger wallets seized the opportunity to buy while prices were low, effectively “buying the dip.”

XRP recently rose above the $1.16 level, marking a gain of over 3% in the past week, according to CoinGecko. This price recovery came as smaller holders were exiting the market, while large investors were increasing their exposure.

On-chain data reveals that whales stepped up accumulation during XRP’s recent consolidation, even as smaller traders scaled back their positions.

Historically, XRP’s price action has often mirrored the behavior of these large holders rather than the smallest participants, Santiment noted. While the recent accumulation trend among whales may be seen as a bullish indicator, analysts maintain that macroeconomic conditions, ETF flows, and overall crypto market sentiment remain more significant in determining XRP’s next move.

ETF inflows signal renewed interestIn a further sign of institutional confidence, spot ETFs for XRP recorded substantial net inflows in recent days. On July 21, these funds brought in $5.09 million, following $2.27 million in net inflows on July 20 and $6.10 million on July 16. This positive trend came after a brief period of outflows at the beginning of the month, highlighting renewed interest from institutional investors.

DateXRP Spot ETF Net InflowsJuly 16$6.10 millionJuly 20$2.27 millionJuly 21$5.09 millionTechnical upgrades on the XRP LedgerBeyond investor activity, the XRP network is poised for significant technical enhancements. In the coming weeks, validators are expected to vote on a major upgrade package for the XRP Ledger, Ripple’s decentralized blockchain platform.

The proposed amendments include the introduction of batch transactions, which would allow multiple transfers to be processed simultaneously, and confidential transfers, designed to strengthen on-chain privacy. Other improvements are targeted at optimizing the Multi-Purpose Token (MPT) standard of the XRP Ledger.

Mini dictionary: XRP Ledger (XRPL), developed by Ripple, is a decentralized blockchain platform used for fast and low-cost digital asset transfers. Validators are entities that participate in the consensus process to validate transactions and amendments on the XRPL network.

Santiment highlighted that while whale accumulation tends to precede periods of price strength, there is no guarantee of continued gains. Market observers are watching upcoming developments on both the trading and technical fronts to gauge the momentum behind XRP’s ongoing rally.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

A long-standing theory within the XRP community has returned to the spotlight after crypto analyst ALLINCRYPTO pointed to a series of numerical patterns involving the number 589. The discussion reemerged on social media as the analyst gathered several instances that XRP supporters have associated with Ripple, XRP, and related developments over the years.

The 589 sequence in XRP’s historyIn a video presentation shared through ALLINCRYPTO’s social media, crypto commentator NFAdotcrypto argued that the number 589 appears persistently throughout the history of Ripple and its products, extending beyond internet speculation. According to NFAdotcrypto, the most notable example can be traced back to XRP’s debut trading price, which was $0.00589. This initial value continues to be cited by enthusiasts as a key connection to the 589 narrative.

He further identified XRP’s trademark registration, emphasizing that the number assigned to the trademark incorporates the digits 5, 8, and 9, reinforcing the numerical link. The serial number for the trademark, starting with 985, was noted as a reshuffled version of the same digits. Similar patterns were found in the trademark filings for Ripple’s Real USD (RLUSD) stablecoin, which also begins with 985.

Several XRP supporters reference the first trading price of $0.00589 and trademark numbers containing 589 or its variations as evidence of a lasting association. For some, these recurring digits are more than coincidence, becoming part of the cryptocurrency’s community identity.

Mini dictionary: RLUSD (Real USD) – RLUSD is a US dollar-pegged stablecoin launched by Ripple, designed to facilitate faster settlements and increased liquidity for payments across the Ripple network.

Expanding the 589 patternNFAdotcrypto expanded the scope of the pattern, citing Ripple’s relationship with other entities. He referenced EverNorth Holdings Inc., identified as Ripple’s treasury company, and suggested that the initials E (fifth letter), H (eighth), and I (ninth) again mirror the 5-8-9 sequence.

Mini dictionary: EverNorth Holdings Inc. – EverNorth Holdings Inc. is a financial entity reported to manage Ripple’s treasury operations, overseeing corporate liquidity and asset allocation.

He further linked the 589 motif to Ripple’s acquisition of Hidden Road, stating that the company operated from 589 Fifth Avenue and that its office on the eighth floor, together with parts of its ZIP code, reproduced another instance of the 589 sequence.

Bank of America, a major US financial institution, was also mentioned. NFAdotcrypto noted one of its office addresses as 589 Broadway, continuing the numerical theme.

Entity/EventReported Connection to 589XRP First Trading Price$0.00589XRP Trademark Number4458993 (includes 589)RLUSD Trademark SerialStarts with 985Evernorth HoldingsE-H-I = 5-8-9 (alphabet positions)Hidden Road589 Fifth Avenue (address)Bank of America Address589 BroadwayLegal milestones and personal detailsBeyond company milestones, NFAdotcrypto referenced the settlement of Ripple’s well-known legal dispute with the U.S. Securities and Exchange Commission. He stated the settlement occurred on May 8, 2025, and suggested that by interpreting the date numerically—the fifth month and eighth day of a year ending in five—the digits could once again be arranged as 5-8-9.

Another example was drawn from the legal timeline, noting that Judge Analisa Torres, presiding over the Ripple case, concluded the proceedings 589 weeks after her appointment.

A final claim referenced personal details, asserting that David Schwartz, Chief Technology Officer at Ripple, was born 589 days before business magnate Elon Musk.

Supporters within the XRP community continue to share these patterns, speculating on intentional design, though external verification for causal links between major events and the 589 motif remains absent.

While the theory continues to engage a segment of the XRP community, the examples remain interpretations. There is no official confirmation from Ripple or associated entities that the repeated appearance of these numbers has any intentional significance or impact on product development or corporate strategy.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

https://www.tripadvisor.com/Attraction_Review-g60887-d107430-Reviews-Old_State_Capitol_State_Historic_Site-Springfield_Illinois.html

The Digital Chamber (TDC), a prominent crypto lobby group, has filed a lawsuit against the state of Illinois to halt the enforcement of a new 0.2% tax on digital asset transactions. This tax, part of the Digital Asset Tax Act, was signed into law last month by Governor J.B. Pritzker and is scheduled to take effect on January 1, 2027. TDC argues that the tax unfairly targets digital assets and has requested a court to block its implementation. This legal challenge marks the first reported opposition to the Illinois crypto tax within industry media and could have significant implications for the regulatory landscape surrounding digital assets.

Advertisement

Market activity around XRP suggests that participants are closely monitoring the situation in Illinois. The lawsuit’s outcome could influence the market’s perception of regulatory risks associated with digital assets. Current pricing in the XRP markets indicates a cautious stance, with most sub-markets showing low implied probabilities for significant price increases by August 2026.

Key Takeaways The lawsuit against Illinois’ digital asset tax appears to be a pivotal development for the crypto sector, suggesting potential regulatory shifts. Market pricing implies limited expectations for XRP to reach higher price levels by early August, consistent with a cautious outlook on regulatory impacts. Recent market activity suggests that participants are evaluating how the legal challenge might affect broader market conditions and the appeal of digital assets. What to Watch Observers will be closely watching the legal proceedings in Illinois to see if the court grants the injunction sought by TDC. A decision in favor of TDC could indicate a more favorable regulatory environment for digital assets, potentially impacting market sentiment. Additionally, any announcements or developments from Ripple or key industry figures could further influence XRP market dynamics. As the court proceedings unfold, market participants will be assessing their potential impact on the pricing and adoption of digital assets.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 1.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 5.6% — — View market → August 1 2026 0.9% — — View market → August 1 2026 2.6% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 51% — — View market → August 1 2026 13.5% — — View market → August 1 2026 0.7% — — View market →

Whales Add While Small Holders Exit$XRP has climbed back above $1.16, its highest level in two weeks, as a clear divide opens up between large and small holders. According to on-chain analytics firm Santiment, wallets holding between 100,000 and 100 million XRP accumulated 2.8% more coins over the past five weeks. At the same time, wallets holding less than 0.01 XRP declined by 5.2%, pointing to a steady exit by smaller retail participants.

The pattern is one that crypto markets have seen before. While many retail investors were selling the dip, large holders were quietly accumulating. Such behaviour is often viewed as a sign of long-term conviction, particularly when accumulation continues during periods of widespread fear and uncertainty.

A Familiar DivergenceThe broader on-chain picture supports the same narrative. Millionaire-tier wallets now control roughly 74.1% of the circulating supply, according to Santiment, adding approximately 1.53 billion tokens over six months. That concentration has been building quietly even as retail sentiment has remained subdued.

Whale accumulation during retail fear has historically preceded price recoveries. The pattern played out in mid-June when XRP surged 13% in a single session after months of quiet large-holder buying.

XRP has gained more than 4% over the past 24 hours, climbing to $1.13 on July 21, and traders are watching for signs of a broader breakout. The latest rally comes as XRP continues to consolidate within a short-term symmetrical triangle, a technical pattern that often precedes a sharp move.

As always, on-chain signals are one input among many. Macro conditions and broader market direction remain key variables, and accumulation alone does not guarantee a sustained price recovery. Still, the divergence between whale and retail behaviour is a dynamic worth watching closely in the sessions ahead.

Sources:
CoinPaper: XRP Jumps 13% as Whales Buy Dip, Retail Sells Panic
Memeburn: XRP Whale Activity Climbs While Retail Traders Hold Back
Finbold: XRP Price Prediction 2026 Amid Upcoming XRP Ledger Upgrade

Altcoins

22 July 2026 | 12:14 XRP is trading around $1.13 after recovering above its 50-day simple moving average at $1.117. The rebound has brought the price back toward $1.16, a resistance level that has repeatedly capped recovery attempts since late June.

Key Takeaways XRP trades above the 50-day average. $1.16 remains the immediate breakout level. Large wallets added 2.8% in five weeks. Micro wallets cut holdings by 5.2%. Bearish moving-average alignment still limits confirmation. Price is now compressed between that horizontal ceiling and a rising support line extending from the cycle low near $1.01. The resulting structure can be read as an ascending triangle with inverse head-and-shoulders characteristics, but neither interpretation is confirmed while XRP remains below the neckline.

The technical test is developing alongside a clear divergence in wallet behavior. Santiment data shows that wallets holding between 100,000 and 100 million XRP increased their combined holdings by 2.8% over five weeks. At the same time, micro wallets holding less than 0.01 XRP reduced their balances by 5.2%.

XRP whales accumulate tokens over five weeks / Source: Santiment Large Holders Accumulate Into the Recovery The wallet split adds context to the rebound because larger holders have been increasing exposure while the smallest wallet cohort has been moving in the opposite direction. It does not guarantee that resistance will break, but it shows that the recovery is occurring alongside accumulation from wallets with substantially larger positions.

That makes the current test different from a bounce driven only by broad short-term participation. Large-wallet holdings have increased across the same period in which XRP built higher lows above the late-June bottom, creating alignment between the onchain trend and the developing price structure.

Micro-wallet selling also needs to be interpreted carefully. A 5.2% decline in holdings among addresses with less than 0.01 XRP represents a change in the behavior of the smallest cohort, not necessarily substantial market-wide selling pressure. The more relevant signal is the contrast between the two groups: larger wallets are accumulating while the smallest wallets are reducing exposure.

The $1.16 Level The immediate question is whether XRP can convert $1.16 from resistance into support. Price has approached that area while holding above the 50-day average, but it has not yet produced a confirmed daily breakout.

Daily XRP technical price chart / Source: TradingView The structure has tightened as the rising trendline moves closer to the horizontal ceiling. That compression reduces the space available for price to continue moving sideways and brings the market closer to a directional decision.

Momentum has also improved without becoming stretched. The daily relative strength index stands near 55 and has been forming higher lows, indicating that buying pressure has strengthened while remaining below overbought territory. This leaves room for continuation, but momentum alone cannot confirm the pattern.

Upside Scenario A daily close above $1.16, supported by increasing volume, would confirm that buyers have cleared the neckline and the upper boundary of the base. The measured move from the structure could then point toward the $1.30 to $1.32 region.

The path toward that target would not be free of resistance. XRP’s falling 100-day simple moving average stands near $1.254, making the area around $1.25 the first major supply zone above the breakout level. Price would need to reclaim that average before the broader recovery could extend toward the full measured target.

A breakout without stronger volume would carry less conviction. XRP has already tested the resistance zone several times, so confirmation requires more than a brief move above it. The daily close and the market’s ability to hold the level would matter more than an intraday spike.

Rejection Scenario Another rejection from $1.16 would keep XRP inside the base and return attention to the 50-day average near $1.12. That level is currently providing the first layer of short-term support and separates the latest recovery attempt from another move toward the lower boundary of the pattern.

If the 50-day average fails, the rising support line around $1.07 to $1.08 becomes the more important defense. That trendline connects the higher lows formed after the late-June bottom and defines the constructive side of the current setup.

A decisive loss of the rising support would invalidate the triangle structure and weaken the inverse head-and-shoulders interpretation. Under that scenario, $1.05 would return as the next visible support, followed by the cycle low near $1.01.

The Larger Trend Has Not Reversed Although the short-term structure has improved, XRP is still building a countertrend base inside a broader downtrend. The 50-day average remains below the falling 100-day average at $1.254, while the 200-day average sits considerably higher near $1.412.

That bearish alignment shows that the longer-term trend has not yet turned. Holding above the 50-day average is an early improvement, but it is not equivalent to reclaiming the larger market structure.

This article is provided for informational purposes only and does not constitute financial, investment or legal advice.

Author

Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain on the front foot on Wednesday as the broader crypto market extends its gains so far this week. BTC leads gains after closing above key resistance while ETH and XRP near key technical hurdles where a breakout could pave the way for additional gains.

Bitcoin extends gains after closing above 50-day EMABitcoin price trades around $66,300 on Wednesday, holding a neutral-to-bullish tone as it advances above the 50-day Exponential Moving Average (EMA) at $65,150 but remains capped beneath the 100-day EMA at $68,082 and the longer-term 200-day EMA at $73,982. This configuration suggests an improving short-term trend within a broader corrective phase, with buyers gradually regaining control. 

The Relative Strength Index (RSI) at 60 is bullish without reaching overbought territory. At the same time, the Moving Average Convergence Divergence (MACD) indicator remains in positive territory, suggesting that upward momentum is building but not yet decisive against the overhead daily EMAs.

On the topside, immediate resistance emerges at the 100-day EMA near $68,082, followed by the 200-day EMA at $73,982, ahead of a more distant horizontal barrier at $84,410. 

On the downside, initial support is seen at the 50-day EMA at $65,150, with a deeper protective floor at the horizontal level of $64,004; a sustained break below this area would weaken the current constructive bias and open the door to a broader corrective slide.

Ethereum could extend gains if it closes above the 100-day EMAEthereum price trades at $1,937 on Wednesday, maintaining a constructive near-term bullish bias after holding above the 50-day EMA at $1,827. ETH is advancing toward a dense overhead area where the 100-day EMA at $1,937 and the psychological $2,000 handle form successive resistance barriers, while the longer-term 200-day EMA at $2,171 caps the broader upside. 

The RSI at 64 suggests bullish momentum without yet signaling overbought conditions, and the MACD remains in positive territory, hinting that buyers still retain control.

On the topside, immediate resistance emerges at the 100-day EMA near $1,937, followed by the horizontal barrier at $2,000, with the 200-day EMA at $2,171 acting as a more distant cap should the rally extend.

On the downside, initial support is provided by the 50-day EMA at $1,827, while a deeper pullback would look toward the more structural horizontal floor around $1,385, where underlying demand could reappear.

XRP nears the 50-day EMAXRP trades at $1.14 on Wednesday, maintaining a bearish near‑term bias as it holds beneath the key EMAs. The 50‑day EMA at $1.14, together with the 100‑day EMA at $1.23 and the 200‑day EMA at $1.43, all sit overhead and suggest the broader trend remains under pressure despite the latest bounce. 

Momentum is constructive, with the RSI at 56 and the MACD above zero with a mildly positive line, hinting that sellers are losing some control but still defending the cluster of moving‑average resistance.

On the topside, immediate resistance is at the 50‑day EMA at $1.14, followed by the 100‑day EMA at $1.23 and a horizontal cap near $1.30. In contrast, the 200‑day EMA at $1.43 and the higher horizontal barrier at $1.90 define a broader supply zone.

On the downside, initial structural support appears around the parallel channel boundary at $1.00; a decisive break under this area would reopen the path toward deeper losses, whereas a daily close above $1.14 would be the first sign that bulls are beginning to challenge the prevailing bearish structure.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

Several leading cryptocurrencies are displaying renewed signs of strength after extended periods of downward movement, with technical signals pointing to potential trend reversals across the digital asset market.

XRP builds bullish pattern amid low volumeXRP, the token associated with Ripple Labs, has shown a notable turnaround after a lengthy decline earlier this year. Currently trading at $1.13, XRP has formed an ascending triangle on the daily chart—a pattern frequently linked to bullish continuation or possible upward reversals.

The current price structure is reinforced by a series of higher lows that have formed throughout July, illustrating steady buying interest as buyers stepped in earlier on each successive pullback. The rising trendline beneath the price supports this optimistic configuration.

Meanwhile, XRP continues to encounter resistance from several moving averages positioned just overhead. The 50-day exponential moving average (EMA), located near $1.17, serves as the first major obstacle. A sustained break above this level could shift market focus toward the 100-day EMA at approximately $1.24.

XRP’s relative strength index (RSI) has moved above the neutral 50 mark after months of softness, signaling an upswing in trader optimism, although trading volumes remain subdued as the market awaits confirmation.

Beyond these resistance points, the $1.30 area marks a key psychological and technical barrier. Conversely, failing to hold the rising trendline could leave XRP vulnerable to further losses, potentially targeting the $1.05–$1.00 support zone and invalidating the bullish outlook.

Resistance LevelApproximate Price50-day EMA$1.17100-day EMA$1.24Key psychological level$1.30200-day EMA$1.44Cardano targets $0.20 as recovery stabilizesCardano (ADA), a blockchain platform known for its research-driven approach, is emerging from one of its longest downturns. Trading now at $0.175, ADA has reclaimed several key short-term moving averages and is holding above its June lows, strengthening the technical picture despite still lagging major resistance levels.

A notable breakout from the prolonged horizontal range near $0.15–$0.16 has helped shift momentum in favor of buyers. This move established a firm higher low structure, which has been reinforced by continued support from both the 20-day and 50-day EMAs.

ADA’s RSI has climbed above 56, reflecting increased bullish momentum while not yet suggesting overbought conditions, and the next hurdle to watch is the $0.20 mark near the 100-day EMA.

A decisive move above $0.20 could open the path toward the $0.22–$0.25 zone. Improved trading volume since earlier in the year also points to renewed investor interest. However, the $0.16 support remains critical for ADA’s ongoing recovery prospects.

LevelApproximate PriceJune lows/support$0.16Current price$0.175Next resistance (100-day EMA)$0.20Potential target range$0.22–$0.25Stellar’s uptrend supported by strong baseStellar (XLM), known for its blockchain-based cross-border payment solutions, continues to quietly build a robust recovery structure. As of now, XLM trades near $0.19, consolidating above key moving averages after rebounding from its June lows.

Three critical EMAs—the 20-day, 50-day, and 100-day—have converged near its current price, setting the stage for an increase in volatility. Large volume surges seen in June signal growing market engagement, even as sellers have repeatedly tested the $0.18 support zone.

Despite multiple pullbacks, XLM has not set lower lows since the rallies, indicating that buyers are absorbing ongoing supply. Momentum indicators such as the RSI, which is near 52, further bolster the case for extended gains without the threat of immediate overheating.

A move above the $0.20–$0.21 resistance could see XLM revisiting previous highs near $0.23 and $0.25. Maintaining support above $0.18 is key for the integrity of the current uptrend, while a breakdown could shift attention back to $0.16.

Mini dictionary: Stellar (XLM) is a decentralized open-source protocol focused on enabling low-cost, fast international transfers and asset issuance.

Bitcoin faces crucial battle at $68,000Bitcoin, the market-leading cryptocurrency, has staged a recovery from its sharp June decline and is now trading near $66,300. The token has set successive higher lows, a pattern suggesting buyers are gradually regaining control of price action.

This rebound has lifted Bitcoin above both short- and medium-term moving averages. Yet, the region surrounding the 100-day EMA at $68,000 has proved a major challenge during recent rallies, repeatedly capping upside attempts.

A confirmed break above $68,000 could open the door for an advance to the $72,000–$75,000 range and reinforce a stronger medium-term trend for BTC. On the flip side, support between $63,000 and $64,000 remains pivotal for maintaining the current recovery phase.

The RSI has surpassed 60, highlighting improved demand, while trading volumes have steadied after the June sell-off. Whether Bitcoin can retake the $68,000 barrier in the coming days may prove decisive in setting the tone for the next market phase.

Key LevelApproximate PriceSupport zone$63,000–$64,000Current price$66,300Major resistance (100-day EMA)$68,000Potential target range$72,000–$75,000Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Major cryptocurrencies rose on Tuesday as investors digested reports that the White House agreed to an ethics package accompanying the cryptocurrency Clarity Act.

Some Clarity Finally?Bitcoin rallied to a 5-week high above $66,900, and is now up 13% month-to-date. Ethereum hit an intraday high of $1,950, while XRP and Dogecoin also climbed.

The spike followed reports that the White House agreed to add an ethics provision to the Clarity Act, a key sticking point that has kept the bill tied up amid President Donald Trump’s cryptocurrency business interests.

Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with $160 million in bearish shorts erased, according to Coinglass data

Bitcoin’s open interest jumped 4.21% to over $50 billion, indicating an influx of new money into the derivatives market. Retail and whale futures traders on Binance were positioned “Neutral” on BTC.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.27 trillion, representing a 1.28% increase over the last 24 hours.

Stock Market ReboundsStocks rallied sharply on Tuesday. The Dow Jones Industrial Average spiked 385.38 points, or 0.74%, to end at 52,224.64. The S&P 500 climbed 0.89% to close at 7,509.20, while the tech-focused Nasdaq Composite gained 1.29% to end at 25,837.21.

U.S. forces, meanwhile, carried out their eleventh consecutive day of strikes against Iranian military assets, while reiterating that the Strait of Hormuz remains open to commercial shipping.

Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin has faced repeated rejections at the Short-Term Holder Realized Price since November, framing it as the apex cryptocurrency’s biggest test.

“With BTC back near $66,000, all eyes are now on $69,340,” the analyst added. “If history repeats, that’s where the bulls will have to prove themselves.”

On-chain analytics firm CryptoQuant said that wallets holding between 1,000 and 10,000 BTC just accelerated their buying “at the fastest pace in months

“The total balance of this cohort has returned to the same level as before the February drop, 3.09 million Bitcoins, even with the price much lower now,” the research firm said. “This is the type of institutional trading pattern.”

Photo: KateStock / Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Ripple exec explains why XRP Ledger was designed for instant, low cost payments

https://coinpedia.org/crypto-live-news/ripple-expands-dubai-presence-with-new-mea-headquarters/amp/

Ripple Prime, the institutional arm of Ripple Labs, has reached a significant milestone by processing $3 trillion annually. This achievement highlights the growing institutional adoption of Ripple’s services. The division, which was formed following Ripple Labs’ acquisition of Hidden Road in 2025, services over 300 institutional clients, including hedge funds and banks. Despite this impressive volume, the transactions largely utilize Ripple’s RLUSD stablecoin, leaving the direct impact on XRP demand relatively limited.

The development marks Ripple’s continued expansion into the institutional finance sector. While the processing volume is substantial, the use of RLUSD rather than XRP may not directly influence the token’s market price. However, the scale of operations could indirectly boost confidence in Ripple’s ecosystem, potentially affecting market sentiment towards XRP.

Advertisement

Current market activity reflects a mixed outlook for XRP. Markets appear to be evaluating the potential impact of Ripple Prime’s growth on XRP’s price. The likelihood of XRP reaching various price targets in July remains varied, with significant activity observed around the $1.20 mark, where a 64% probability of reaching this target is noted, suggesting some optimism.

Key Takeaways Ripple Prime’s processing of $3 trillion annually suggests strong institutional engagement, consistent with growing interest in Ripple’s services. The predominant use of RLUSD stablecoin may limit direct demand for XRP, but institutional activity could bolster overall ecosystem confidence. Market pricing implies a cautious stance on XRP price targets, with significant probabilities observed only for moderate price increases. What to Watch Observers should monitor further developments in Ripple’s institutional partnerships and any shifts in the use of XRP within these frameworks. Additionally, any regulatory changes or announcements regarding Ripple’s financial products could influence market sentiment. As the July period progresses, shifts in market pricing for XRP’s price targets will offer insights into broader confidence levels in Ripple’s growth trajectory.

Get live prediction-market analysis, powered by Vera. Sign up for Vera.

Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 7.2% — — View market → August 1 2026 0.7% — — View market → August 1 2026 2.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.4% — — View market → August 1 2026 63.5% — — View market → August 1 2026 10% — — View market → August 1 2026 0.7% — — View market →

THE BLOCK: RippleX sees XRP Ledger agentic transactions hitting 10-million mark soon

Ripple Prime has been shortlisted in four categories at the Hedgeweek US Awards 2026.

The company has been nominated for Prime Broker of the Year: Client Service, Prime Broker of the Year: Technology, Prime Broker of the Year: Specialist Markets, and Prime Broker of the Year: Start-up & Emerging Managers. Winners will be determined through public voting, with the awards ceremony scheduled for October 8, 2026, in New York.

The nominations place Ripple Prime alongside established names in the traditional financial services industry, including major banks, trading platforms, fund administrators and technology providers competing across Hedgeweek’s institutional investment categories.

HOT Stories

Ripple Prime's journey Ripple Prime’s origins trace back to Ripple’s acquisition of Hidden Road, a global prime brokerage and institutional credit network, in 2025. The deal, valued at approximately $1.25 billion, is one of Ripple’s largest moves into institutional financial markets.

Hidden Road was founded in 2018 by Marc Asch and specialized in providing prime brokerage services to hedge funds, asset managers, proprietary trading firms, and institutional investors. 

Following the acquisition, Hidden Road was rebranded as Ripple Prime, becoming a dedicated institutional-grade platform within Ripple’s broader financial ecosystem.

Expanding beyond payments For much of its history, Ripple has been primarily associated with blockchain-based payments and the development of the XRP Ledger (XRPL). The company’s flagship institutional product, Ripple Payments, has focused on helping financial institutions and businesses move money internationally using blockchain technology.

The acquisition of Hidden Road signaled a broader strategy: rather than only providing payment rails, Ripple began positioning itself as a provider of financial infrastructure for institutions.

The platform inherited Hidden Road’s existing institutional network and infrastructure, which was built to support trading and financing activities across areas such as digital assets, foreign exchange, derivatives and fixed income products.

The Hedgeweek nominations recognize several aspects of this model, including technology capabilities, specialist market services and support for emerging managers.

The “Specialist Markets” nomination is particularly notable because digital assets remain a developing institutional market compared with traditional asset classes. 

Ripple Prime’s nominations place the company in competition with established financial market providers.

The recognition also comes at a time when institutional adoption of blockchain technology is moving beyond simple cryptocurrency exposure.

Whether the company ultimately wins any of the four categories, the nominations show the increasing presence of digital asset-focused firms. 

XRP’s recent market structure is sending mixed signals as activity shifts away from Spot trading and into the derivatives market.

Price remained consolidated between $1.086 and $1.113 despite steadily declining trading volume, suggesting neither buyers nor sellers held a decisive advantage.

Ordinarily, weakening Spot activity would reduce speculative interest. Despite this, Open Interest increased by approximately 5.9% to 423.8 million Ripple [XRP]. At the same time, the estimated leverage ratio for XRP rose to .162.

Source: CryptoQuant This divergence matters because derivatives can sustain positioning without introducing fresh capital into the market. As Spot inflows and outflows collapsed by roughly 99%, leveraged traders increasingly became the dominant force behind XRP’s price discovery.

That explains why the price continued consolidating instead of breaking decisively. However, unless Spot demand returns to validate those positions, the growing leverage leaves XRP increasingly vulnerable to a sharp unwind if sentiment suddenly shifts.

The sustainability of this increasing leverage now depends on one key factor: holder profitability. Recent buyers have finally moved back into profit after XRP’s 30-day MVRV crossed above neutral to 1.03.

That improvement broadly matched Bitcoin’s [BTC] 1.04, Ethereum’s [ETH] 1.11, Cardano’s [ADA] 1.07, and Chainlink’s [LINK] 1.07. As such, it implies that investor sentiment continues recovering across large-cap assets rather than simply being limited to XRP.

Source: Santiment This shift in profitability has changed the incentive structure in the markets. As more short-term holders leave unrealized losses behind, the pressure to hold typically gives way to a greater willingness to lock in gains.

Although the altcoin remains below the historical sell zone, the price action is becoming increasingly difficult to sustain. This is due to a lack of new demand coming into the space and the potential emergence of profit-taking.

Final Summary XRP holders are back in profit, but the rally is being driven more by leverage in derivatives markets than by real Spot demand.The $1.10 support level is at risk, as profit‑taking pressure grows and doubts grow about sustainability.

XRP price moved higher as renewed progress on the CLARITY Act improved confidence across the cryptocurrency market. 

Bitcoin price gained 2% to $66,310, helping major digital assets extend their recovery during Tuesday’s session. The total crypto market value rose 1.25% to $2.25 trillion within the latest 24-hour period. 

The sentiment was reinforced when the White House was reported to have accepted an ethics package as attached to the legislation. 

The agreement eliminated a significant barrier to the expansion of United States crypto regulation. XRP price could target the $2 level if buying pressure continues.

White House Reaches Ethics Deal on CLARITY Act The White House has reportedly reached an agreement on ethics provisions connected to the CLARITY Act.

Journalist Eleanor Terrett disclosed that officials exchanged new verbiage with top Republicans in the Senate. The progress could eliminate the significant barrier that slowed down the negotiation.

🇺🇸🚨 CLARITY UPDATE 🚨🇺🇸

According to Eleanor Terrett, the White House has reached an agreement on the ethics package tied to the CLARITY Act and has already shared the updated text with key Senate Republicans.

The updated bill could be released very soon. ⏳ pic.twitter.com/CzTy3SNutJ

— John Squire (@TheCryptoSquire) July 21, 2026

The updated package is undergoing review by lawmakers before the bill goes through the legislative process again. The revised text can be published any time in the future, but there is no publication date mentioned by officials.

The CLARITY Act seeks to establish clearer federal rules for digital assets. It continues to be a closely monitored development in the cryptocurrency sector.

XRP ETFs Attract $2.49 Million as Total Inflows Reach $1.49 Billion XRP exchange-traded funds recorded $2.49 million in daily net inflows as of July 20, led entirely by Bitwise. The fund also had the biggest total assets of 320.82 million assets, the biggest amount of listed XRP products. 

Source: Sosovalue data The cumulative net inflows of all funds were at $1.49 billion. The combined net assets were 1.02 billion, which is 1.46% of the market capitalization of XRP. The total trading value amounted to 11.67 million and Canary, Franklin, 21Shares, and Grayscale had no new daily inflows. The daily price increases were also made in all the listed products.

XRP Price Prediction: Can Bulls Push XRP Toward $2? As of the reporting, the XRP price surged to $1.16, extending gains inside a rising four-hour channel. Buyers forced the XRP past the $1.12 resistance, making the level an immediate support.

The most recent action puts the next significant upside target of $1.20. A long term breakout of above $1.20 might open the way to $1.25. And if bulls mount more pressure, the XRP price could surge to $1.80-$1.90 in the near term

Momentum indicators however indicate that the rally can be short-term cooled. The RSI stood at 78.46, which means that XRP was squarely in the overbought region. Meanwhile, the MACD line remains above its signal line, supporting continued bullish momentum.

Source: XRP/USDT 4-hour chart: TradingView The pullback might re-test $1.12 then buyers will make another move forward. Failure to hold that level may expose XRP price to $1.07 support. A close under $1.07 would negatively affect the structure of the bullishness and make the downward risks more risky.

The Russian State Duma has advanced new legislation aimed at regulating major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, officially classifying them as property. The proposed law would allow these digital assets to be traded commercially among businesses, while restricting retail investors to an annual cap of 300,000 rubles, approximately $3,800.

Retail limits and commercial use definedIf enacted, the new regulation would enable merchants to accept selected cryptocurrencies for commercial transactions. However, private citizens would remain prohibited from using Bitcoin, Ethereum, Solana, or XRP for in-store purchases or online payments for goods and services. Regulators reportedly view major-cap crypto primarily as investment assets or as payment vehicles for cross-border trade, rather than for retail consumption in the domestic economy.

Under the measures, Russian citizens would only be permitted to invest in or use these cryptocurrencies in strictly regulated ways, while businesses could leverage them for commercial transactions, especially in international contexts.

The restrictions reflect Russia’s ongoing preference for maintaining the ruble as the exclusive means of payment within its borders, while seeking greater flexibility for international settlements amid continuing Western sanctions.

New tiered investor system and reporting rulesThe bill, titled “On Digital Currency and Digital Rights,” is scheduled for completion by July 22, 2026. It introduces a tiered system for retail investors, who must pass a knowledge-based assessment to access higher limits. Successful participants can reportedly purchase up to 3 million rubles in crypto and transfer up to 1 million rubles abroad each year.

In 2024, Russian President Vladimir Putin approved a law legalizing crypto mining, indicating continued regulatory experimentation rather than an outright ban in the sector.

The latest draft of the legislation also proposes easing certain disclosure requirements. Retail holders would no longer need to report individual wallet addresses; instead, regulatory focus would shift to aggregate wallet balances and transaction volumes.

Despite these changes, the Bank of Russia will continue overseeing all cryptocurrency transactions, with the legislation expected to take effect on September 1, 2026. The country’s approach mirrors aspects of the SWIFT international payment system, aiming to facilitate external trade while maintaining oversight.

Mini dictionary: State Duma – The lower house of the Federal Assembly of Russia (the Russian parliament) responsible for drafting and passing legislation.

CategoryCommercial UseRetail LimitPermitted cryptocurrenciesBTC, ETH, SOL, XRPBTC, ETH, SOL, XRPAnnual capNo cap for merchants300,000 rubles (~$3,800)In-store/online paymentsAllowed for merchants (B2B)Not permitted for individualsGlobal context and parallel approachesRussia has increasingly used digital assets to circumvent Western sanctions, particularly following the disconnection from major European financial networks in 2022. This year, significant European financial institutions introduced multi-chain ledgers for cross-border payments, reflecting a broader move toward digital solutions for global finance.

Japan recently finalized its digital asset regulatory framework, reclassifying Bitcoin, Ethereum, and XRP as financial instruments. This move aligns with the growing global trend of establishing formal oversight for digital assets.

Meanwhile, the United States continues to consider new regulations. The CLARITY Act, which could see adoption by August 2026, is under discussion amid broader ethics reforms in the White House. The U.S. market sees widespread use of crypto both as investment and for transferring money among the public. Notably, American stablecoins such as USDC and RLUSD play a key role in tokenization and digital finance.

Unlike Russia, the United States allows wider use of digital assets for everyday transactions, and American stablecoins remain prominent in domestic and international markets.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

CRCL, BMNR, and MSTR stock prices have seen a surge over the past 24 hours following the crypto market surge

Bitcoin price rose to over $66,000, and Ethereum reached over $1,900 and XRP price rose to over $1.14. 

The total crypto market cap increased 2.08% to $2.26 trillion within 24 hours. 

The investor mood was lifted by new steps toward more definitive United States digital asset regulation. CRCL, BMNR, and MSTR stocks gained during Tuesday’s session as cryptocurrency prices strengthened across the market.

The anticipations about the CLARITY Act also favored firms that had high exposure to cryptocurrency markets.

What’s Next For CRCL, BMNR and MSTR Stock Price Ahead of FOMC Meeting  The Federal Reserve will meet on July 28 and July 29, with markets expecting unchanged interest rates. Investors will closely watch Chairman Kevin Warsh’s comments for guidance on inflation, growth, and future policy decisions. 

FedWatch data Bitcoin and crypto-related equities could be backed by a balanced message, such as CRCL, BMNR, and MSTR. Nevertheless, the hawkish cues can put pressure on the digital assets and lead to profit-taking in these stocks. The short-term trend will likely be determined by whether Bitcoin will remain above $66,000 following the meeting.

Circle Internet Group (CRCL) CRCL stock jumped 6.91% to $69.97 on Tuesday, strengthening its short-term outlook before the upcoming FOMC meeting. The stock shot up on opening, and was momentarily touching the $72.50 resistance area. 

The breakout also saw a significant increase in trading volume, which justified a high level of buying interest at the start of the market. The price however, consolidated around $70 later on when the early momentum faded. 

CRCL stock A long-run above $70 would lead to the reopening of the route to $72.50. Additional gains can be aimed at $74 should buyers retain control following the Fed decision. 

The nearest support is around $67.50, where buyers have supported the trend in the past. Further pullback might reveal $65.45, undermining the bullish arrangement. The volatility can be high during the time of the policy announcement.

Bitmine Immersion Technologies, Inc. (BMNR) BMNR stock rose at $17.02, with a share gain of 2.35%, as investors evaluated the growing Ethereum treasury of BitMine prior to the FOMC meeting. BitMine purchased 7,430 ETH in the week, increasing total holdings to 5.78 million tokens. The company has staked 4.92 million ETH, representing about 85% of its holdings. 

It also repurchased 5.5 million shares at an average price of $15.62. Cumulative crypto, cash, and investments were $11.5 billion. 

BitMine Adds 7,430 ETH, Holdings Reach 5.78M ETH

BitMine said it acquired 7,430 ETH over the past week, bringing total holdings to 5,777,468 ETH, or about 4.8% of Ethereum’s supply. The company has staked 4.92 million ETH, representing roughly 85% of its holdings, and also… pic.twitter.com/5fBRTYIuar

— Wu Blockchain (@WuBlockchain) July 20, 2026

Technically, BMNR has a resistance of about $17 and $17.20. Breakout may be at $18. The support is about $16.90, then $16.80 and $16.63 in the event of a rise in selling pressure. The FOMC action can decide whether momentum will further build up.

Strategy Inc (MSTR) MSTR stock climbed 4% to $102.39 on Tuesday after Strategy reported a stronger cash reserve position. Shares gained $4.57 as buyers defended the important $100 level during active trading. 

Michael Saylor said Strategy increased its dollar reserves by $225 million. The company now holds 843,775 Bitcoin and $3.2 billion in cash reserves. 

Strategy has increased its USD Reserve by $225 million. As of 7/19/2026, we hodl ₿843,775 in our BTC Reserve and $3.2 billion in our USD Reserve. $MSTR $STRC https://t.co/sci7bZHzsy

— Michael Saylor (@saylor) July 20, 2026

Technical momentum is still in a positive state as long as the stock is above $100. A break out over $105 may hit $107 then clear a road to $110 this week. But a drop to even less than $100 can also reveal support at 97.82. Further downward movement would break the existing bullish pattern and decrease the short-term upward potential.

Kalshi is applying to the U.S. Commodity Futures Trading Commission (CFTC) for permission to introduce perpetual futures contracts on gold, silver and platinum. This move comes part of the company’s latest strategy to expand its derivatives trading from crypto perpetual futures.

Kalshi To Launch Gold, Silver, Platinum Perps For this, Kalshi went through the CFTC’s self-certification process with the proposed contracts, per a Bloomberg report published Tuesday. Within this structure, the regulator will have 45 days to determine if the products can proceed for approval, or whether it should be rejected.

The proposed agreements would not have expiration dates. Traders would have the ability to hold their positions open without going into new futures contracts periodically. It’s not like a traditional futures contract, which has an expiration date.

Kalshi is planning to open for 24-hour derivatives trading from Monday to Friday. Those hours would follow a similar time frame to that used by the underlying precious metals markets.

The company will consider trading hours further down the road, Chief Risk Officer Udesh Jha said.

Perpetual futures were the first to become popular in the crypto trading space. They enable traders to obtain leveraged exposure without a settlement deadline. Generally, the price is maintained in close proximity to the underlying asset by periodic transactions of funding payments between traders.

In recent months, there has been a growing interest in similar contracts of traditional assets. There are already a few crypto-native trading platforms that have launched commodities-based perpetual products, like gold and crude oil.

There was also an increase in demand during the US-Iran conflict. The crypto-based trading platforms that were set up for oil-linked perpetual contracts continued to operate while conventional futures markets were closed.

Recent Legal Battle With CME Group Earlier this year, Kalshi became the first regulated U.S. marketplace to be approved to offer crypto perpetual futures. It launched Bitcoin, Ethereum, XRP futures among other crypto products. This later became the basis for a lawsuit brought by CME Group.

In June, CME filed a lawsuit against the CFTC, claiming perpetual contracts should be classified as swaps, rather than futures. Kalshi says the lawsuit will not affect their product plans.

The move is the latest in an arms race among exchanges to make trading accessible. CFTC just rejected a proposal from the CME to trade oil continuously. CME is also readying up to offer gold futures trading 24/7, adding to the competition in the precious metals derivatives market.

XRP price is showing signs of a bigger move as whale selling continues to slow down. Large investors are sending fewer XRP tokens to Binance than at any time since 2025, reducing selling pressure on the market. 

Meanwhile, crypto analyst Ali Martinez says if XRP breaks above the key $1.13 level, it could start a strong rally and climb toward $1.35.

XRP Price Jumps 4% as Buying Activity SurgesXRP price rose more than 4% in the last 24 hours, climbing close to $1.13 as the overall crypto market recovered. Coinglass data shows that trader activity increased sharply, with XRP futures open interest rising nearly 10% to $2.47 billion. 

This shows that more traders are opening new positions and expecting bigger price moves. The rally also forced many traders who had bet against XRP to close their positions. 

In total, more than $3.29 million worth of XRP positions were liquidated, including nearly $2.93 million from short sellers alone. 

When short positions are liquidated, traders are forced to buy back XRP, adding more buying pressure and helping the price move even higher.

Also Read : Ripple Executive Explain Why XRPL Was Built for Speed From Day One     

Whale Selling Pressure Drops to Lowest Level Since 2025Following this surge, CryptoQuant analyst Darkfost believes XRP is entering an important stage of its recovery.

According to his Binance whale inflow chart, large investors are sending far fewer XRP tokens to the exchange than before. Whale inflows have dropped sharply from a peak of 583 million XRP (about $1.36 billion) earlier in the cycle to just 25.3 million XRP (around $23 million) now.

The longer-term trend tells the same story. The 90-day average of whale inflows has fallen from roughly $460 million in early 2025 to only $69 million today.

This suggests that many of the biggest sellers have already slowed down, reducing selling pressure while XRP continues trading near the $1 support zone. Darkfost says the next step for XRP will depend on fresh buying demand returning to the market.

Also Read : What Could 500 XRP Be Worth by the End of 2026? Three Scenarios Explained

Analysts See $1.35 as the Next TargetMeanwhile, crypto analyst Ali Martinez also sees bullish signs forming. He noted that XRP’s monthly TD Sequential indicator has flashed a buy signal, while the hourly chart is forming a symmetrical triangle. 

According to Martinez, a breakout above $1.13 could open the door for a rally of nearly 20%, pushing XRP toward $1.35.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Bitcoin climbed back above the $66,000 mark after the White House reportedly reached an agreement on an ethics package tied to the CLARITY Act.

Up until now, Democrats demanded stronger guardrails on Trump’s crypto business ties as a non-negotiable condition for their votes. The bill needs 60 Senate votes to advance, making bipartisan support mathematically necessary.

The rally also pushed crypto sentiment into the Neutral zone (40) for the first time in nearly a month after an extended period of Fear and Extreme Fear.

Notable Statistics Coinglass data shows 73,177 traders were liquidated in the past 24 hours for $225.70 million.        SoSoValue data shows net inflows of $226.9 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $38.09 million. In the past 24 hours, top losers include DeXe, Pi and Pyth Network. Latest DevelopmentsTrader NotesCrypto Poseidon highlighted that Bitcoin bottomed near $60,000 despite calls for $45,000, but renewed euphoria at the range high could signal another reversal. He expects BTC to peak around $70,000 before gradually falling back toward $60,000 by September.

CryptosBatman sees Bitcoin testing the daily 50-day EMA, a level that has capped every major rally this year. A decisive breakout could signal a broader trend reversal, while another rejection would reinforce the prevailing bearish structure.

MN Fund founder Michael van de Poppe noted Bitcoin has climbed to its highest level in more than a month, signaling improving market momentum, but the rally has yet to accelerate.

The analyst says a decisive break above last month’s $67,000 high could open the path toward $73,000.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Standard Chartered’s roadmap has XRP at $28 by 2030. Read the fine print and every dollar above $3 depends on one bill passing a Senate that has sat on it for a year. The most institutional price target in crypto is a bet on Congress, trading at one-in-three odds.

Summary

Standard Chartered’s Geoffrey Kendrick cut his 2026 XRP target 65% in February, from $8 to $2.80, the deepest cut across the bank’s crypto coverage, while raising his long-range ladder to $7 in 2027, $12.60 in 2028, and $28 by 2030. The conditions are explicit: the near-term target needs only a macro recovery, but the 2027 and 2028 legs require the CLARITY Act to pass and spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core financial infrastructure at a market cap near Bitcoin’s 2025 peak. Both conditions are currently failing. CLARITY has gone a year without a Senate floor vote, its text keeps slipping, and prediction markets price 2026 passage near one in three. ETF inflows have collapsed from $200 million a week to roughly $2 million. The honest math is stark: Bitwise’s formal valuation model spans $29.32 to 13 cents for 2030, a 200-fold range driven by the same binary assumptions, and analyst consensus clusters at $5 to $10 only “if CLARITY clears.” XRP trades near $1.10. Every institutional target above roughly $3 is, mechanically, a legislative forecast wearing a price target’s clothes, and holders pricing the roadmap without pricing the Senate are reading half the document. Price targets are supposed to be about assets. The most cited institutional forecast in XRP is, on inspection, about a legislature. Standard Chartered’s Geoffrey Kendrick, the closest thing crypto has to a house analyst on Wall Street, maintains a roadmap that carries XRP from roughly $1.10 today to $28 by 2030, and he has been unusually honest about the machinery underneath it: the near-term number needs nothing but a market recovery, while every rung above it requires the bill the roadmap depends on to become law and ETF money to arrive in billions. Those are not market variables. One is a bill that has spent a full year without a Senate floor vote, whose text has slipped repeatedly, and which prediction markets price near one-in-three for 2026; the other is a flow that has decayed from $200 million a week at launch to roughly $2 million now. The roadmap is rigorous, transparent, and conditional to its core, and the market that quotes its endpoints has mostly declined to read its conditions. This piece reads them, prices them, and asks what an XRP holder actually owns: an asset with an institutional bull case, or a leveraged position on the United States Congress.

The roadmap, with its fine print restored Kendrick’s forecast deserves to be laid out properly, because its evolution is more informative than any single number in it.

The original ladder, published in April 2025 while Ripple was still litigating with the SEC, projected $5.50 by the end of 2025, $8 by the end of 2026, and $12.50 by 2028, resting on three named catalysts: resolution of the SEC case, spot ETF inflows of $4 billion to $8 billion, and growing payments use. What happened next is the interesting part: the catalysts substantially arrived, the SEC dropped its appeal, spot XRP ETFs launched in November and pulled in over a billion dollars faster than any product since Ethereum’s, Ripple spent roughly $2.7 billion assembling a prime brokerage and treasury stack, and the price went to $1.16 anyway, its lowest in fifteen months, dragged by a market-wide selloff Kendrick described as capitulation-prone. His February response was the deepest cut in the bank’s crypto book, the 2026 target from $8 to $2.80, alongside reductions for Bitcoin, Ethereum, and Solana.

And then the detail most coverage skipped: he raised the far end. The revised ladder runs $2.80 this year, $7 in 2027, $12.60 in 2028, $19.60 in 2029, $28 in 2030, with the long-range numbers lifted even as the near ones fell. The conditions attached are explicit in the bank’s work and in every serious reading of it. The $2.80 leg requires only macro repair, lower rates, risk appetite, a crypto market that stops falling. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative ETF inflows to scale beyond $4 billion. The $28 endpoint requires XRP to stop being a traded asset and become, in the bank’s own blunt framing, core global financial infrastructure, at a market capitalization near $1.7 trillion, which is approximately what all of Bitcoin was worth at its October 2025 peak. The roadmap is not a prediction that compounds; it is a staircase where each step has a named gatekeeper, and from the second step up, the gatekeeper is the federal government.

The conditions, marked to market Take the two named conditions and price them with current data, because that exercise is the entire article.

Condition one: CLARITY becomes law. The bill’s year has been a study in almost. It cleared the Senate Banking Committee in May on a bipartisan 15-9 vote, which was real progress and is also the last floor-adjacent event it has produced. The revised text has slipped repeatedly, most recently after a White House meeting failed to break the deadlock, with the merged draft’s ethics provisions, the Trump family’s crypto holdings, and Democratic co-sponsorship all unresolved; not one Democrat currently backs the draft in circulation, and the August recess eats the calendar from the other end. Prediction markets, which watched the same year happen, price 2026 passage around 32%, down from near 50% in the spring. Senator Lummis has warned publicly that missing this window could shelve the bill for years. None of this makes passage impossible, majorities want a market-structure law in the abstract, but a one-in-three market probability is what the condition is currently worth, and the roadmap’s $7-and-above rungs inherit that discount factor whole.

Condition two: ETF inflows past $4 billion. For readers needing the base mechanics, crypto.news has explained how the flow condition is measured. The products launched spectacularly, $667 million in the first month, a billion dollars faster than any recent debut, an eight-week inflow streak that ran even as Bitcoin funds bled. Then the decay set in, and the current run-rate is the condition’s obituary: weekly flows that touched $200 million now measure around $2 million, July has printed zero-inflow days and the first outflows, cumulative inflows sit near $1.49 billion, barely a third of the condition’s threshold, and the assets that did arrive are roughly $493 million underwater against a $1.10 token. The internals are thinner than the totals: some 82% of complex assets sit in three funds, and a category-level inflow day increasingly means two issuers’ sales desks had a decent Thursday while five products recorded nothing. Analysts modeling the flows tie their recovery to, of all things, condition one, arguing institutional allocation resumes when legal status is permanent, which means the two conditions are not independent. They are one condition wearing two hats, and the hat that matters sits in the Senate.

The case for the conditional bull The strongest honest version of the roadmap’s defense is worth stating fully, because Kendrick is not naive and the structure of his call has real merit.

Conditional targets are what rigorous analysis looks like. A forecast that names its dependencies, CLARITY, $4 billion of flows, infrastructure adoption, is falsifiable and updatable in a way that round-number moonmath never is, and Kendrick’s willingness to cut his own headline number 65% in public is the behavior of an analyst marking to reality instead of defending a franchise. Note also what he did at the long end: raised it, on the argument that the fundamental build-out, the acquisitions, the licenses, the ETF wrapper existing at all, improved XRP’s decade even as its year collapsed. That is a coherent position, not a hedge.

The legislative bet itself is less speculative than a one-in-three market price makes it sound, on this view. Market-structure legislation has bipartisan support in principle, an industry spending historic sums to get it, a White House demanding it, and a predecessor, GENIUS, that proved the votes exist when text and politics align. Bills look dead until the week they pass; prediction markets priced GENIUS pessimistically inside its own final month. If CLARITY or any successor framework lands in 2027 instead of 2026, the roadmap’s ladder shifts a year without breaking, and an asset priced at $1.10 against a $7 conditional target offers the kind of asymmetry institutional allocators are paid to notice. The Bitwise model’s bull leg reaching $29.32 says a formal valuation framework, not just a bank’s conviction, can generate these numbers when the assumptions fire.

And beneath both conditions sits the quiet third catalyst the roadmap only gestures at: the institutional stack behind the thesis, the trust-bank charter awaiting final approval, the pending Fed master account that would be a first for a crypto-native firm, the prime brokerage clearing trillions. If that stack converts into settled volume that actually requires the token, the fee-and-utility floor under the price rises regardless of Washington’s calendar. The bulls’ summary is fair: the conditions are named, the discount is priced, and the asymmetry is the product.

LATEST: Ripple accelerates its evolution with deep liquidity, growing $XRP reserves, native stablecoin, Hidden Road integration, banking access, and institutional settlement engine pic.twitter.com/CoXOfAYveE

— crypto.news (@cryptodotnews) April 19, 2026 The case that a conditional target is not a target The skeptical reading does not dispute Kendrick’s numbers. It disputes what kind of object they are.

A price target whose upper rungs require an act of Congress is a legislative forecast, and banks are not better at those than prediction markets are. The one-in-three CLARITY price is not an inefficiency waiting to be arbitraged by people who read committee schedules; it is the aggregated judgment of a market that has watched this specific bill slip for a year, and the roadmap’s expected value collapses once the conditions are weighted honestly. Multiply the ladder out: $7 in 2027 at a one-in-three legislative probability, further discounted by an ETF condition running at a third of its threshold with decaying flows, prices the conditional rungs somewhere far below the headline, which is, notably, roughly where the market actually trades the token. On this reading, XRP at $1.10 is not ignoring the institutional bull case. It is pricing it correctly, conditions included, and the gap between spot and roadmap measures the conditions’ improbability rather than the market’s ignorance.

The Bitwise spread makes the point mathematically. A formal model that outputs $29.32 in its bull state and 13 cents in its bear state for the same asset in the same year is not describing a range of outcomes for a business; it is describing a binary event with a token attached. Two hundred-fold spreads do not appear in the valuation of assets whose futures are continuous; they appear when everything depends on a switch, and the switch here, the regulatory ground under the target plus the institutional adoption it gates, sits outside the asset entirely. Holders own exposure to the switch without any influence over it, which is a structurally different proposition from owning a claim on a growing system, and it deserves a different name than price target.

History supplies the uncomfortable base rate. XRP’s community has already lived one complete cycle of this structure: years of arguing the SEC case was the only thing suppressing the price, followed by the case resolving, the ETFs launching, the acquisitions closing, and the token underperforming the entire asset class anyway, down more than 60% from its 2025 high while its catalysts fired one by one. The lesson the tape taught, that clearing the named obstacle does not deliver the promised repricing, is precisely the risk the new roadmap reproduces at a higher level of government. And the flows condition has already offered its preview: the ETFs arrived, the inflows came, the price fell through all eight weeks of the streak, and the buyers stopped. A thesis that failed its own dress rehearsal does not become sturdier by moving the decisive scene to the Senate floor.

The roadmap’s quiet third catalyst deserves fuller treatment before the verdict, because it is the one input whose calendar Washington does not control alone. Ripple’s institutional stack has kept compounding straight through the price collapse: the national trust bank charter, conditionally approved in December, awaits final OCC sign-off, with only one crypto-native firm ever having completed that journey; the Federal Reserve master account application, which would give a crypto company direct access to the central bank’s payment rails for the first time, sits in a queue the Fed has formally paused for new Tier 3 decisions until the end of 2026, with Kraken’s five-year path to approval as the only precedent; and the prime brokerage assembled from the Hidden Road acquisition now clears institutional volume at a scale no other crypto firm matches. Analysts modeling the master-account scenario describe it as the catalyst no price target has fully priced, the event that would move XRP’s story from regulatory permission to infrastructure incumbency. The honest caveat is that this catalyst shares the others’ defect at one remove: charters and master accounts are also government decisions, made by regulators instead of legislators, on calendars measured in years. The stack is real, its compounding is observable, and its conversion into token demand remains the same unproven step the whole thesis keeps deferring. It widens the bull case’s foundations without shortening its timeline, which is precisely why the bank parked it under the 2029 and 2030 rungs, not the near ones.

The comparison set inside the ETF complex sharpens the flow condition further, because the aggregate numbers hide a structure that matters for whether $4 billion is even reachable. Seven US spot XRP products launched within weeks of each other, and the field has already stratified beyond recovery: Bitwise, Canary, and Franklin hold roughly 82% of complex assets, the remaining funds regularly print zero-flow days, and the best single day of July, under $7 million, came almost entirely from two issuers’ distribution. That concentration converts the headline condition into a narrower question than the roadmap implies. Getting from $1.49 billion to $4 billion does not require a market-wide change of heart about XRP; it requires two or three sales organizations to find another two and a half billion dollars of allocator demand for a product their clients currently hold at a half-billion-dollar unrealized loss. Fund flows follow performance with a lag in both directions, which is how the launch streak ran eight weeks into a falling price and why the decay since has been so complete. The precedent that haunts the setup is the launch itself: XRP reached its first billion of ETF inflows faster than any asset since Ethereum, an achievement the roadmap’s original version treated as the catalyst arriving, and the price fell throughout. A condition that was substantially met once, at maximum velocity, without producing the predicted repricing, now needs to be met again, from a lower base, against worse performance, before the next rung unlocks. That is the version of the flow condition an allocator actually faces, and it is meaningfully harder than the single cumulative number in the bank’s fine print suggests.

What a holder actually owns Strip the argument to its usable core and the position clarifies.

Below roughly $3, XRP’s institutional targets are macro calls, and the asset trades like the rest of the risk complex, with the same Fed, the same liquidity, the same beta. In that band, the roadmap says little that Bitcoin’s chart does not. Above roughly $3, every institutional number in circulation, Kendrick’s $7 and $12.60 and $28, the consensus $5-to-$10 cluster, Bitwise’s bull leg, is conditioned on the same two-headed event: American market-structure law passing and the institutional allocation it is assumed to unlock. A holder at $1.10 therefore owns three stacked exposures, a crypto-market beta, a Washington binary priced near one-in-three, and a residual bet that legal clarity converts into token demand, the step the SEC-resolution cycle already failed to deliver once.

None of that makes the position irrational; binaries with asymmetric payoffs are a legitimate thing to own, and the roadmap’s transparency about its conditions is exactly what makes the position priceable at all. What it makes irrational is quoting the ladder without its gates, and the gates have a calendar. The floor-vote window before the August recess, the fall session after it, and the 2027 political cycle beyond are, mechanically, the price target’s actual chart. Watch Polymarket’s CLARITY line before watching XRP’s, watch the weekly ETF prints for any sign the $4 billion condition resurrects, and watch whether the text that keeps slipping ever stops slipping. The bank told everyone precisely what has to happen. The market is telling everyone precisely how likely it thinks that is. The only mistake available to a holder is reading one document and not the other. Crypto.news has also explained why reading institutional positioning honestly means treating delayed disclosures and flow headlines as conditions, not proof.

Frequently asked questions What is Standard Chartered’s current XRP forecast? The bank’s revised roadmap, published with its February cuts, projects $2.80 for end-2026, $7 in 2027, $12.60 in 2028, $19.60 in 2029, and $28 by 2030. The 2026 target was cut 65% from $8, the largest reduction across the bank’s crypto coverage, while the longer-range targets were raised. At $28, XRP’s market capitalization would reach roughly $1.7 trillion, near Bitcoin’s October 2025 peak value.

What conditions does the roadmap depend on? Explicitly stated ones. The $2.80 leg requires only a broad crypto-market recovery. The $7 and $12.60 legs require the CLARITY Act to pass and cumulative spot ETF inflows to scale past $4 billion. The $28 endpoint assumes XRP becomes core global financial infrastructure rather than a traded asset. The bank’s original 2025 roadmap carried similar named catalysts: SEC case resolution, ETF inflows, and payments adoption.

How likely is the CLARITY Act to pass? Prediction markets currently price 2026 passage around 32%, down from near 50% in spring. The bill cleared the Senate Banking Committee 15-9 in May but has gone a year without a floor vote, its revised text has slipped repeatedly including after a failed White House meeting, no Democrat backs the current draft, and the August recess shortens the calendar. Senator Lummis has warned a missed window could shelve it for years.

How are the ETF inflows tracking against the $4 billion condition? Poorly. Cumulative net inflows sit near $1.49 billion since the November launch, roughly a third of the threshold, and the run-rate has collapsed from about $200 million a week at launch to around $2 million, with July printing zero-inflow days and the streak’s first outflows. Assets are roughly $493 million underwater at current prices, and about 82% of the complex sits in just three funds.

Why did XRP fall even as its earlier catalysts arrived? That is the cycle’s hardest lesson. The SEC dropped its appeal, spot ETFs launched with record early demand, and Ripple deployed roughly $2.7 billion on institutional acquisitions, yet the token fell more than 60% from its 2025 high with the broader market. Analysts attribute the gap to macro conditions, persistent early-holder selling, and the structural fact that network adoption does not automatically create token demand.

What does the Bitwise model’s range mean? Bitwise’s formal valuation framework outputs 2030 scenarios from $29.32 down to 13 cents, a roughly 200-fold spread. Ranges that wide indicate a binary structure: the outcomes depend overwhelmingly on whether legal clarity and institutional adoption fire, not on incremental business performance. It is the same conditionality as the bank roadmap, expressed as a probability distribution rather than a ladder.

Is a conditional price target still useful? Yes, if read whole. Named conditions make a forecast falsifiable and updatable, and Kendrick’s public 65% cut shows marking to reality. The danger is quoting the ladder without its gates: above roughly $3, every institutional XRP target in circulation depends on the same legislative and flow conditions, so the honest way to use the roadmap is to track the conditions, Polymarket’s CLARITY odds and weekly ETF prints, alongside the price.

What should XRP holders watch next? Three calendars. The Senate floor window before the August recess and the fall session, since the legislative condition dominates everything above $3. The weekly ETF flow prints, for any sign the $4 billion condition revives, including whether inflows broaden beyond the three dominant funds. And Ripple’s institutional stack, final trust-bank approval and the pending Fed master account, which is the roadmap’s quiet third catalyst. This is not investment advice.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. It discusses analyst forecasts and legislative probabilities that can change quickly and may prove wrong in either direction. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 21, 2026.

PANews reported on July 21, citing The Block, that the decentralized trading platform Arcus has officially launched on Robinhood Chain, offering zero-fee, 24/7 trading for over 95 U.S. stock tokens and introducing a beta of perpetual contracts that use the USD stablecoin USDG as margin, covering underlying assets such as U.S. stocks, ETFs, commodities, and crypto assets. Users can trade with cross-margin through a single self-custodial account, supporting leading tech stocks like Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet, and Amazon, as well as products linked to SPY, QQQ, GLD, USO, BTC, ETH, SOL, and XRP. Arcus was founded by Eddie Zhang, with early development involvement from the dYdX team, Robinhood Crypto as a strategic investor, and integration of infrastructure from Paxos Labs and Privy.

TLDR Table of Contents

TLDRWhale Deposits Fall From Earlier HighsThirty-Day Inflows Reach Two-Month LowLower Exchange Supply Supports Current RecoveryGet 3 Free Stock Ebooks XRP reclaimed the $1.13 level as whale deposits to Binance declined sharply. Daily whale inflows fell from 583 million XRP to about 25.3 million XRP. The 90-day average value of whale inflows dropped from roughly $460 million to $69 million. Binance’s 30-day whale inflows declined to 947.4 million XRP, the lowest level in two months. The 30-day total fell 34.4% from its late-June peak of 1.445 billion XRP. XRP returned above $1.13 as large-holder deposits to Binance declined sharply, reducing potential exchange supply. XRP whales now send fewer tokens to the platform, according to recent CryptoQuant data. The shift marks a clear slowdown in large transfers during XRP’s latest price recovery.

Whale Deposits Fall From Earlier Highs CryptoQuant data showed daily whale inflows dropping to 25.3 million XRP, valued near $23 million. Earlier readings reached 583 million XRP, worth about $1.36 billion at prevailing prices. Therefore, XRP whales have reduced the volume available for immediate trading on Binance.

The longer-term trend also shows lower transfer activity from major holders. The 90-day average fell from roughly $460 million in January to about $69 million. This decline indicates XRP whales have moved substantially less value onto Binance over recent months.

Exchange inflows often rise when holders prepare tokens for trading or possible sales. However, lower deposits do not prove that selling has ended across the wider market. They show XRP whales currently send fewer large transfers into Binance accounts.

Thirty-Day Inflows Reach Two-Month Low Arab Chain reported that Binance’s 30-day whale inflows fell to about 947.4 million XRP. The total marks a two-month low as XRP whales continue reducing exchange transfers. Large holders had transferred about 1.445 billion tokens during the late-June peak.

The latest figure reflects a 34.4% decline in less than one month. That reduction highlights slower activity among large holders using the world’s largest crypto exchange. It may also show that XRP whales prefer private wallets or other trading venues.

Arab Chain said declining inflows can signal weaker selling intent or reduced trading activity. Still, the analyst warned against treating one metric as a complete market signal. Price, volume, derivatives data, and broader exchange flows remain necessary for balanced analysis.

Lower Exchange Supply Supports Current Recovery XRP price reclaimed $1.13 while large deposits continued falling on Binance. The price move placed the token back in positive territory during the latest session. Meanwhile, XRP whales supplied fewer coins to the exchange as spot trading conditions improved.

Reduced deposits can limit the amount of XRP immediately available for sale. However, existing exchange balances and smaller transfers can still influence market supply. XRP whales therefore represent one part of the wider liquidity picture.

The current data confirms a meaningful slowdown in large-holder transfers to Binance. XRP whales have reduced both short-term deposits and longer-term average inflows. XRP remains above $1.13 as exchange supply from major holders continues shrinking.

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

US-Iran strikes persistThe US military pressed on with a tenth straight day of strikes, with explosions reported in Sirik, Bandar Abbas, Qeshm Island, Chabahar, and Konarak. Iran responded by targeting US assets throughout the Gulf region.

Geopolitical tensions remain elevated as US President Donald Trump has warned Iran of repercussions following US service member casualties.

The Fear & Greed Index dipped to 25 on Tuesday, placing market sentiment firmly in Extreme Fear territory, down from 29 the day before.

Crypto Fear & Greed Index | Source: AlternativeIf sentiment continues to weaken, the recovery may lose traction. Conversely, a rebound in sentiment could fuel a more constructive market outlook.

“Looking ahead, macro developments are likely to be the main catalysts for the market. The European Central Bank (ECB) and Federal Reserve (Fed) rate decisions, particularly the July 29 Federal Open Market Committee (FOMC) meeting, will be closely watched, while the escalating conflict between the US and Iran remains an additional source of uncertainty for broader risk sentiment,” researchers at K33 stated in Tuesday’s Ahead of the Curve report.

XRP attracts modest on-chain activityInterest in XRP is growing mildly but broadly, as reflected in the Active Addresses metric. CoinGlass data shows that the number of wallets interacting with the XRP Ledger (XRPL) by sending or receiving assets has remained steady around 23,000 on Monday and Tuesday, up from 20,000 last Sunday. This growth suggests that user interest is returning, which may continue to boost demand and support recovery in the short to medium-term.

XRP Active Addresses | Source: SantimentPrice analysis: XRP bulls eye short-term breakout XRP trades at $1.13, keeping a capped tone as price remains below the 50-day, 100-day and 200-day Moving Average Exponentials (EMAs), which align as overhead resistance at $1.15, $1.24 and $1.44 respectively.

The recovery off the recent lows near $1.00 is underpinned by constructive momentum, with the Relative Strength Index (RSI) hovering above the midline at 55 on the daily chart and the Moving Average Convergence Divergence (MACD) ticking higher in positive territory. However, these signals only hint at improving demand rather than a clear trend reversal while the pair is still trapped beneath the EMA stack.

XRP/USDT daily chartOn the topside, immediate resistance emerges at the 50-day EMA around $1.15, and a sustained break above this level would expose the next bullish objective at the 100-day EMA near $1.24, ahead of the more strategic barrier at the 200-day EMA around $1.44. On the downside, the latest close at $1.13 acts as a near-term pivot, while the former downtrend-line break level at $1.09 offers a more significant support area. A daily close back below this latter floor would likely revive selling pressure and re-open the path toward deeper retracement levels.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.

XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.

XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.

XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.

XRP demonstrated renewed positive momentum on Tuesday, July 21, 2026, as the token advanced above short-term resistance levels. Buyers are attempting to extend the recovery, yet major longer-term barriers remain in place for the sixth-largest cryptocurrency by market capitalization.

Ripple achieves regulatory breakthrough in EuropeRipple, the company behind XRP, recently secured full authorization under the Markets in Crypto-Assets (MiCA) regulatory framework. The company received this license on July 6 following a preliminary nod in late June, marking a significant step forward in its European expansion efforts.

The new license officially permits Ripple to operate across all 30 member states of the European Economic Area without needing to obtain separate authorizations in each country. This streamlines cross-border operations for Ripple and increases its appeal to banks, fintech firms, and payment service providers seeking reliable digital asset solutions.

Ripple Payments currently serves 90 payout markets globally, processing millions of US dollars in transaction volume. The platform enables payments in fiat currencies, stablecoins, and XRP, facilitating broad adoption and onboarding within the financial sector.

Stronger adoption of Ripple Payments promotes heightened activity on the XRP Ledger. This raises demand not only for the XRP token but also for the associated ecosystem services.

Mini dictionary: Markets in Crypto-Assets (MiCA) — A regulatory framework launched by the European Union to provide licensing, oversight, and consumer protection for digital asset service providers operating in Europe. MiCA aims to standardize the regulatory environment for cryptocurrencies across EU member states.

XRP market structure and key analyst projectionsAt the time of reporting, XRP traded around $1.13, reflecting a daily increase of 3.34%. The token opened at $1.11152 and posted an intraday high of $1.13715, with a low at $1.11043 and closing at $1.13230. There are currently about 62.47 billion XRP in circulation and a market capitalization near $70.8 billion.

Technical analyst Egrag Crypto outlined a long-term path for XRP, referencing a developing triple-bottom pattern visible in the price chart. According to Egrag, this formation includes a sequence of rising cyclical lows, but the latest cycle lacks full technical confirmation.

According to Egrag Crypto, the chart suggests the third bottom may form between $0.90 and $1.00, though the confirmation of this pattern remains pending. He noted that $1.23 acts as the first critical reclamation level and that a major breakout region lies between $2.38 and $3.54. If confirmed, the analyst’s Fibonacci projections indicate possible targets of $9.28, $15.35, and even $31.65 on extended rallies.

XRP price levels and technical signalsXRP’s near-term technical landscape is defined by its position above some moving averages and below others. The 20-day Exponential Moving Average (EMA) stands at $1.10456, while the 50-day EMA sits at $1.14500. XRP is currently trading above the 20-day but just beneath the 50-day average.

The 100-day and 200-day EMAs, at $1.23706 and $1.44027 respectively, remain above the present price, indicating continued overhead resistance. The Relative Strength Index, a momentum indicator, improved to 55.16 with its moving average at 46.41. These readings position the RSI above the neutral level of 50 but well below overbought thresholds, signaling healthier market sentiment in the short term.

Market focus is currently directed toward resistance at $1.14500 and the key reclamation target of $1.23. A drop below the 20-day EMA could bring renewed attention to support levels just under the current price action.

IndicatorValueCurrent XRP price$1.1320-day EMA$1.1045650-day EMA$1.14500100-day EMA$1.23706200-day EMA$1.44027RSI55.16Traders and analysts will closely monitor these technical levels, along with volume and momentum indicators, as XRP continues to consolidate its gains amid Ripple’s regulatory progress in Europe.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

HomeCryptoMARKETSRipple Labs CTO Emeritus David Schwartz regrets selling XRP.

David Schwartz, Ripple Labs CTO Emeritus and one of the founding architects of XRP Ledger, has one regret: selling XRP.

It was on Jan. 29, 2026, that a crypto user asked him if he regretted selling XRP at $0.10 and Ethereum (ETH) at $1.

Schwartz responded around six months later and said,

"Obviously, I wish I hadn't done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but I'm just not that person."

David Schwartz, CTO Emeritus at Ripple, speaks during the Annual Non-Fungible Token (NFT) Event in New York, U.S., on Thursday, Nov. 4, 2021.

Getty Images

The veteran Ripple developer said he hates risks and kept selling his crypto holdings every time their value hit new all-time highs (ATHs), owing to an agreement with his wife.

Scroll to Continue

Recommended Articles

Schwartz added that although he wished he were more willing to take on risks, he is risk-averse.

Trending on TheStreet Roundtable:Ripple Prime processes $3T annually as institutional adoption acceleratesXRP eyes bigger move as Binance open interest hits 2026 highRipple wants AI agents to pay with XRP and RLUSDXRP fails to recover after multiple ATHs in previous yearsXRP is the sixth-largest cryptocurrency with a market capitalization of $71.16 billion.

The cryptocurrency has been reaching new ATHs every few years. It hit $3.40 in January 2018 during the crypto peak before it retreated to previous lows. While the 2021 peak wasn't as bullish as 2018, XRP again hit $1.84 in April 2021.

XRP hit its ATH of $3.65 on July 17, 2025, when its regulatory status in the United States got nearly settled.

But the crypto flash crash on Oct. 10 a few months later has led to a price decline from which the cryptocurrency is yet to recover.

Over the last 24 hours, XRP's value has grown 3.7% and was trading at $1.14.