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'Unsavable': Lawyers Told Ripple Execs to Abandon Company

https://en.wikipedia.org/wiki/Brad_Garlinghouse

Ripple’s CEO, Brad Garlinghouse, disclosed that the company considered shutting down in 2020 and distributing its XRP holdings to shareholders. This revelation highlights the strategic decisions Ripple faced during its legal battle with the U.S. Securities and Exchange Commission (SEC). At the time, Ripple owned a significant portion of XRP’s supply, which could have been transferred to equity holders if the company had dissolved. The decision to persist instead of dissolving reflects a deliberate choice to maintain the separation between XRP as a digital asset and Ripple’s corporate equity, amid regulatory challenges.

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Key Takeaways The disclosure by Ripple’s CEO suggests that the company once contemplated a significant strategic shift in response to regulatory pressure. Ripple’s decision to continue operating indicates a strategic choice to separate XRP’s digital asset status from corporate equity. Current market pricing suggests reduced confidence in XRP reaching the $3.00 mark in July, reflecting a potential impact from this revelation. What to Watch Market participants will likely monitor Ripple’s ongoing legal developments with the SEC and any strategic shifts by the company. Changes in regulatory clarity or major announcements from Ripple could affect market confidence in XRP’s price trajectory. Observers may also watch for any further comments from Ripple’s leadership that could influence perceptions of the company’s stability and the asset’s future.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 3.5% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.3% — — View market → August 1 2026 8.5% — — View market → August 1 2026 1.5% — — View market → August 1 2026 4.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.5% — — View market →

Ripple Lawyers Once Told Executives to Walk Away From the Company

Ripple’s journey from a small blockchain startup to a major player in digital payments narrowly avoided an early end, according to recent remarks from co-founder Chris Larsen. During a recent interview, Larsen revealed that several lawyers had once advised Ripple’s leadership to abandon the company, arguing it was “unsavable” due to steep legal and regulatory barriers.

Ripple’s early struggles and legal risksFounded in 2012, Ripple developed blockchain-based infrastructure aimed at transforming global payments. At the time, the company faced significant skepticism from banks, regulators, and industry insiders about the viability of cryptocurrency solutions for cross-border financial transfers.

Larsen explained that some external legal teams concluded that Ripple’s business faced challenges too severe to overcome. These advisers reportedly urged company executives to withdraw rather than risk further difficulties.

Instead, Ripple’s leadership chose to continue building its payment infrastructure and pursued strategic partnerships worldwide. Over the years, Ripple formed relationships with banks and financial institutions across different continents, steadily growing its presence in the financial sector.

This resilience was later put to the test when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in late 2020. The SEC alleged that the company had conducted unregistered securities offerings through the sale of XRP, Ripple’s native digital asset. The legal proceedings produced a period of uncertainty for both Ripple and the broader XRP ecosystem.

Rather than close the business, Ripple’s founders continued expanding global payment services and investing in blockchain-based settlement solutions, even as regulatory concerns and court actions mounted over the years.

Despite these challenges, Ripple pressed on, maintaining operations internationally and contesting the SEC’s charges in court. Several decisions in the case have since influenced regulatory discussions across the digital asset industry in the United States.

Diversification and a focus on transparencyToday, Ripple has diversified its business beyond cross-border payments. The company recently introduced RLUSD, a USD-backed stablecoin, and continues to support development on the XRP Ledger for various tokenization projects.

Chief Executive Brad Garlinghouse stated that Ripple remains committed to reinforcing XRP’s role in the ecosystem while also creating complementary financial products. He said Ripple’s substantial XRP holdings ensure that its long-term success remains tightly connected to the future of the asset and its network.

Ripple’s leadership has also addressed ongoing speculation. Chief Technology Officer David Schwartz has dismissed unfounded rumors of secret government partnerships or undisclosed catalysts, emphasizing that the company operates transparently and that its escrow system and commercial activities are publicly accessible.

Routine treasury activities, such as XRP escrow releases and internal wallet transfers, continue to attract attention but represent standard practices within Ripple’s operational strategy.

As one of the sector’s most prominent firms, Ripple now serves institutional clients worldwide and invests in a range of blockchain solutions, from payments to tokenization and stablecoins.

The company’s transformation from a startup that some advisers deemed “beyond saving” to a recognized global firm highlights the lasting impact of perseverance in the fast-evolving cryptocurrency industry.

Mini dictionary: Ripple, a US-based fintech company founded in 2012, develops blockchain-based solutions for real-time cross-border payments. Its native asset, XRP, serves as a bridge currency for international transactions on the XRP Ledger.

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.

LendProtocol is a fixed-rate lending platform built on the XRP Ledger that allows XRP and RLUSD holders to earn 12% APR with daily interest payouts. Unlike variable-rate DeFi protocols, LendProtocol offers a predictable, fixed return with no lock-up periods and no exposure to lending risk for depositors.

Table of Contents

What Is LendProtocol?Why Does XRP Need a Lending Platform?How Does LendProtocol Work?Key Features at a GlanceWho Are the Borrowers?Is LendProtocol the Same as Ripple’s XLS-66 Protocol?How Is LendProtocol Secured?Bottom LineFrequently Asked Questions LendProtocol is a CeFi (centralized finance) platform for XRP lending and RLUSD lending, connecting depositors with overcollateralized borrowers. Depositors earn a fixed 12% APR, paid daily, while borrowers post 120% collateral to access XRP or RLUSD liquidity. LendProtocol sits in between as the risk-bearer: if a borrower defaults, the platform absorbs the loss, not the lender.

That last point is the product’s core differentiator. Most DeFi lending platforms distribute default risk across all depositors. LendProtocol does not.

Why Does XRP Need a Lending Platform? XRP cannot be staked. The XRP Ledger runs on Federated Byzantine Agreement (fBFT) consensus — not Proof-of-Stake — so there is no protocol-level reward for holding XRP. Ethereum holders stake for yield. Solana holders stake for yield. XRP holders, before LendProtocol, were left with centralized exchange savings products or simply holding idle capital.

LendProtocol fills that gap with a fixed-rate, collateral-backed lending product. No bridging to other networks, no variable rates, no lock-up.

How Does LendProtocol Work? The mechanics are straightforward:

A lender deposits XRP or RLUSD into LendProtocol. The platform matches those funds with a borrower. The borrower posts overcollateralized collateral — 120% of the loan value — in accepted assets (BTC, ETH, SOL, XRP, RLUSD, or USDT). The loan is issued at 12.7% APR; the lender earns 12% APR. The 0.7% spread is platform revenue. Interest accrues daily and compounds — a stated 12% APR becomes approximately 12.75% effective annual yield through daily compounding (where each day’s interest is added to the principal before the next day’s interest is calculated). If the borrower repays: principal and interest go back to the lender. If the borrower defaults: LendProtocol absorbs the loss. The lender’s principal is not at risk from borrower defaults. That is the explicit platform guarantee.

Key Features at a Glance Fixed 12% APR on XRP and RLUSD deposits Daily compounding — ~12.75% effective annual yield No lock-up — withdraw at any time Platform assumes all lending risk — depositors are not exposed to defaults Overcollateralized loans — borrowers post 120% collateral Cold storage for the majority of deposited assets AES-256 GCM encryption for data at rest 2FA required on all accounts RLUSD support — earn 12% APR on Ripple’s USD stablecoin 13,713+ active lenders on the platform 743 million XRP lent to date Who Are the Borrowers? Borrowers on LendProtocol are individuals and institutions who want liquidity without selling their crypto holdings. A trader holding BTC, for example, can post it as collateral and borrow RLUSD for operational expenses — keeping their BTC position intact.

Borrowers pay 12.7% APR on the loan and must post collateral worth at least 120% of the borrowed amount. Accepted collateral: BTC, ETH, SOL, XRP, RLUSD, and USDT. Collateral is returned in full upon repayment.

The 0.7% spread between the borrower rate (12.7%) and the lender rate (12%) is LendProtocol’s operating revenue, used to cover risk management, infrastructure, and platform operations.

Is LendProtocol the Same as Ripple’s XLS-66 Protocol? No. This is worth stating clearly.

LendProtocol is a consumer CeFi product built on the XRP Ledger. It is not an implementation of XLS-66, the native lending standard developed by Ripple and the XRPL community. The two share the same underlying blockchain, but they are separate products with different risk models, borrower types, and rate structures.

LendProtocol XRPL Native Lending (XLS-66) Type Consumer CeFi platform Open blockchain protocol Developer LendProtocol team Ripple / XRPL community Collateral model 120% overcollateralized Uncollateralized (off-chain underwriting) Rates Fixed 12% / 12.7% Negotiated per vault Website lendprotocol.io xrpl.org LendProtocol uses the XRP Ledger as its settlement and custody layer. It is built on top of it, not as part of it.

How Is LendProtocol Secured? Cold storage: The majority of deposited assets are held offline, keeping them inaccessible to remote attacks. Only the liquidity needed for operational withdrawals is held in hot wallets.

AES-256 GCM encryption: All data at rest is encrypted with AES-256 GCM, the same standard used by banks and government institutions.

Two-Factor Authentication: 2FA is required on all accounts without exception.

Bottom Line For XRP holders, the core problem is simple: XRP produces no yield on its own. LendProtocol offers the most direct solution currently available on the XRP Ledger — a fixed 12% APR, paid daily, with no lock-up and no depositor exposure to default risk. RLUSD holders get the same rate without XRP price exposure, which makes it an option for more conservative investors and treasury operations.

The trade-off is centralization. LendProtocol is a CeFi platform. Users trust the operator’s risk management and security infrastructure rather than an open smart contract. For some investors, that is a feature; for others, it is a limitation. The product numbers — 13,713+ lenders, 743 million XRP lent — suggest meaningful traction either way.

Learn more or start earning at lendprotocol.io.

Frequently Asked Questions What is LendProtocol?
LendProtocol is a fixed-rate CeFi lending platform built on the XRP Ledger, offering 12% APR on XRP and RLUSD deposits with daily payouts, no lock-up, and platform-guaranteed protection of depositor capital. As of 2026, LendProtocol has 13,713+ active lenders and 743 million XRP lent on the platform.

Is LendProtocol safe?
LendProtocol uses cold storage for the majority of assets, AES-256 GCM encryption, and mandatory 2FA on all accounts. Crucially, LendProtocol assumes all default risk — if a borrower fails to repay, the platform absorbs the loss rather than distributing it to depositors. That said, LendProtocol is a CeFi platform, meaning users trust a centralized operator rather than an autonomous smart contract. Prospective depositors should weigh that structure against their own risk tolerance.

How does LendProtocol generate 12% APR?
LendProtocol lends depositor funds to overcollateralized borrowers at 12.7% APR. Lenders receive 12% of that rate as yield; the remaining 0.7% covers platform operations. Borrowers must post 120% of the loan value in accepted collateral (BTC, ETH, SOL, XRP, RLUSD, or USDT), which provides a buffer against price volatility and supports the platform’s ability to cover losses in the event of default.

Is LendProtocol the same as Ripple’s Lending Protocol?
No. LendProtocol is a separate, independent consumer product that happens to be built on the XRP Ledger. Ripple’s XLS-66 is a native lending standard at the blockchain-protocol level — designed for institutional, credentialed borrowers with uncollateralized loans and negotiated rates. LendProtocol operates as a CeFi platform above that layer, targeting retail and institutional depositors with fixed rates and overcollateralized lending.

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Markus Infanger, an executive at Ripple, will speak at a major XRP event.

Infanger, who is RippleX's senior vice president (SVP), is expected to participate in XRP Seoul 2026, an event hosted by XRP Ledger Korea scheduled for October 3 during KBW (Korea Blockchain Week). This event connects XRP holders, builders, and ecosystem projects worldwide.

The official XRP Seoul 2026 X account announced that Infanger will be among the featured speakers at the event. This follows an earlier announcement in June that Ripple president Monica Long would be among the key speakers at the event.

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We're honored to welcome @markusinfanger, SVP of @RippleXDev

Markus oversees Ripple's contributions to XRPL, from product development to partnerships and developer ecosystem growth.

Want to take the stage with the leaders shaping XRPL's future? Join XRP Seoul 2026 as a speaker… pic.twitter.com/x3STtZeVwc

— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) July 12, 2026 In making the announcement, the XRP Seoul 2026 team stated it was "honored to welcome" Infanger, highlighting his leadership role in Ripple's contributions to the XRP Ledger.

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As SVP of RippleX, Infanger oversees Ripple's work on the XRP Ledger, including product development, partnerships, and growing the developer ecosystem. He is therefore well-positioned to discuss upcoming product developments, including collaborations and advancements in the developer ecosystem.

Korea has long been one of XRP's most active speculative markets, with expectations rising in the XRP community ahead of the event. Currently, XRP is the second most traded asset by volume on Upbit Korea, South Korea's largest cryptocurrency exchange in terms of both trading volume and customer base.

Momentum buildsRipple and the XRP Ledger are seeing increased momentum, which is why the timing of the upcoming event matters.

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Ripple recently received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF). The authorization confirms Ripple as fully MiCA-compliant, with its solutions underpinned by XRP and RLUSD made available to financial institutions, corporates, and businesses across all 30 countries of the European Economic Area.

The XRP Ledger surpassed 1,000,000 agentic payments via x402 in the past week. The XRPL AI Hub represents a comprehensive new ecosystem platform for builders, users, and enthusiasts, providing a boost for the agentic economy.

Ripple’s XRP has shown signs of stabilization after its prolonged downtrend, with buyers successfully defending a key support region and triggering a short-term market structure shift. Although the broader trend remains bearish, the recent price action suggests that selling pressure is weakening, and the market may be preparing for a larger recovery attempt if current support levels continue to hold.

XRP Price Analysis: The Daily Chart On the daily timeframe, XRP remains inside a broader descending channel and continues to trade below the 100-day and 200-day moving averages, which are both trending lower and maintaining the long-term bearish structure.

However, the recent decline toward the $1.02-$1.06 support zone appears to have attracted significant demand. This region aligns with a previous liquidity sweep below the April lows, where the market briefly traded beneath support before quickly recovering. Since then, the asset has established a higher low and has begun building a base above this demand area.

The price recently bounced from the support zone and is now attempting to reclaim the horizontal resistance region around $1.22-$1.28. This area is particularly important because it also coincides with the descending 100-day moving average and the upper boundary of the broader bearish structure.

A successful reclaim of the $1.22-$1.28 resistance zone would strengthen the recovery scenario and potentially open the path toward the major supply area near $1.55. Until that breakout occurs, the broader trend remains corrective within a larger downtrend.

XRP/USDT 4-Hour Chart The 4-hour chart presents a more constructive outlook. Following the sweep of liquidity below the $1.02-$1.06 support region, XRP formed a market structure shift (MSS), marking the first indication that sellers were losing control of the short-term trend.

The subsequent rally produced a change of character (ChoCh) as the price broke above a previous lower high and challenged the descending trendline that has capped rallies since mid-June. Although the token initially faced rejection near trendline resistance around $1.16-$1.18, the pullback has remained relatively shallow, and buyers continue defending the former breakout zone.

Importantly, the market has not returned to the lows despite the rejection, suggesting that demand remains active beneath current prices. As long as XRP holds above the $1.03-$1.06 support area, the bullish structure established after the liquidity sweep remains intact.

The key level to monitor now is the descending trendline and the $1.15-$1.18 resistance area. A decisive breakout above this region would confirm a higher-high formation and could accelerate momentum toward the larger daily resistance zone between $1.22 and $1.28.

Conversely, failure to break the trendline could lead to additional consolidation between support and resistance before a larger directional move develops.

Overall, the recent price action favors gradual recovery, but XRP still needs to reclaim the trendline resistance and the $1.22-$1.28 supply zone before a broader bullish reversal can be confirmed.

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XRP continued to trade without clear directional momentum, staying near $1.10 despite minor intraday gains. Over the past 24 hours, XRP rose 1.22% to $1.11, but this move was not enough to offset the 4.93% decline registered over the last week.

XRP price holds in tight range as support levels defendedMarket participants have kept a close eye on XRP, as the cryptocurrency held a largely sideways pattern in recent sessions. At present, traders are monitoring whether the quiet trading activity could lead to a breakout, with the daily 50-day moving average (MA 50) at $1.16 seen as an initial target level. A push above $1.16 could attract more attention toward the daily 200-day moving average (MA 200) near $1.45.

Analysts noted that a move above $1.40 would serve as a more convincing signal of a possible breakout from XRP’s wider trading range. In recent days, buyers have frequently shown a willingness to defend support levels in the $1.00–$1.05 zone. These defense actions signal that traders remain cautious but alert to further dips.

Golden cross forms amid weak XRP Ledger activityOn the technical front, XRP displayed a golden cross on the four-hour chart, with the 50-period moving average climbing above the 200-period moving average. This formation drew attention as a potential bullish signal, particularly as the token continues to lack fundamental catalysts.

Despite the appearance of this bullish technical pattern, on-chain activity on the XRP Ledger fell sharply. Blockchain analytics platform Santiment reported that the network recorded just 25,350 active wallets in the recent session, marking the second-lowest daily count in 2026. In addition, new wallet creation totaled only 2,130, the lowest number since November 2024.

Mini dictionary: Santiment is a blockchain analytics company providing on-chain and social data analytics for cryptocurrencies, including activity levels, sentiment, and key wallet metrics.

Santiment observed that while late June experienced a surge in dip-buying activity, traders now appeared to be turning cautious, waiting for a significant development before making further large-scale purchases. The subdued activity on the XRP Ledger coincided with price action remaining below the $1.10 threshold for much of this period.

MetricCurrent LevelTime FrameNotable PointActive wallets25,350Recent session2nd-lowest in 2026New wallet creation2,130Recent sessionLowest since Nov 2024Price support$1.00–$1.05Current rangeFrequently defendedBreakout level$1.40TargetSign of strong momentumXRP’s golden cross on lower timeframes has attracted trader interest, but analysts remain watchful for a decisive catalyst, noting that network activity and new wallet creation are both running at multi-year lows.

The broader XRP community is now watching key price levels and monitoring on-chain trends for signs that current sideways trading could give way to a pronounced breakout in either direction. Until a new catalyst emerges, volatility may stay subdued and range-bound trading is likely to persist.

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.

On July 6, Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, upgraded Ripple’s preliminary Crypto-Asset Service Provider authorization into a full license under the European Union’s Markets in Crypto-Assets framework. The approval means Ripple can passport regulated crypto services across all 30 countries of the European Economic Area, from Lisbon to Helsinki, under a single national authorization. Cassie Craddock, Ripple’s managing director for the UK and Europe, framed the moment plainly: the company enters the post-transitional MiCA era fully compliant and ready to scale.

Summary

Ripple secured a full MiCA license in Luxembourg, allowing it to offer regulated crypto services across the European Economic Area. While Europe has given Ripple regulatory certainty, XRP’s legal classification in the U.S. still depends on the CLARITY Act. The article explores whether Ripple’s expanding regulatory footprint can eventually translate into stronger XRP demand. Five days later, on the other side of the Atlantic, the legislation that would finally tell American regulators what XRP actually is remained stuck in the Senate. A merged draft of the CLARITY Act is expected the week of July 13, floor action is penciled in for the week of July 20, and the whole effort still needs roughly 7 Democratic votes it does not currently have. Galaxy Research has cut its odds of passage in 2026 to a coin flip.

That is the strange position Ripple occupies in the summer of 2026. A company born in San Francisco, hardened by a 4-year fight with the Securities and Exchange Commission, and lobbying harder than almost anyone for American crypto legislation, is now more comprehensively regulated in Europe than it has ever been at home. The Luxembourg license is not just a compliance milestone. It is a measuring stick for how far apart the two largest Western markets have drifted, and a live experiment in whether regulatory certainty actually converts into business, and eventually into token demand.

What Ripple actually won in Luxembourg The July 6 approval was the second half of a two-part regulatory build that Ripple has been assembling in the Grand Duchy for most of a year. The first half arrived on February 2, when the CSSF granted Ripple full approval as an Electronic Money Institution. The EMI license lets the company issue electronic money and run regulated fiat payment services across the European Union. It followed a preliminary EMI approval a month earlier and came shortly after Ripple picked up an EMI license and a cryptoasset registration from the UK’s Financial Conduct Authority, extending the same regulated posture to Britain.

The CASP license completes the picture on the crypto side. Under MiCA, a Crypto-Asset Service Provider authorization covers custody, exchange, transfer, and related services for cryptoassets. Ripple received preliminary CASP approval from the CSSF on June 23, then satisfied the remaining conditions in under 2 weeks, converting the in-principle nod into a full license just after MiCA’s transition period closed on July 1. As crypto.news reported, the timing put Ripple inside the licensed perimeter at the exact moment the perimeter became a hard wall.

The combination matters more than either license alone. With the EMI approval, European banks, fintechs, and corporates can move regulated fiat and e-money through Ripple. With the CASP approval, the same clients can move cryptoassets and stablecoin flows through the same provider under the same rulebook. Ripple Payments, the company’s cross-border settlement product, has processed more than $100 billion across more than 60 markets globally. The Luxembourg stack gives that product a clean legal wrapper in a bloc of roughly 450 million people, with one regulator to answer to and 30 countries to sell into.

Ripple says its global license count now exceeds 75 authorizations, registrations, and approvals, a portfolio that spans Singapore, Dubai, New York’s BitLicense regime, and now the heart of the EU. Few crypto-native companies carry anything comparable. That was a deliberate strategy long before MiCA existed: sell to banks, and you must look like something a bank compliance department can approve.

The graveyard on the other side of the deadline The value of a MiCA license is easiest to see in what happened to the companies that do not have one. The regulation’s transition period ended on July 1, 2026. From that date, any firm offering covered crypto services in the EEA without CASP authorization must limit or stop those services. The European Securities and Markets Authority added 57 newly approved firms to its register right after the deadline, bringing the total to around 300 authorized providers. Set that against the more than 1,200 firms that operated in Europe under the old patchwork of national regimes, and the scale of the cull becomes clear. By some counts, only around 210 of those incumbent companies completed the licensing process in time.

The casualty list includes names that would have seemed untouchable 2 years ago. Binance, the largest exchange in the world by volume, failed to secure authorization in time through its Greek application and has told customers in several European markets that services are suspended while it seeks approval elsewhere. Tether chose not to apply at all, citing objections to MiCA’s stablecoin requirements, and USDT has been delisted from European venues as a result. Hundreds of smaller firms now face a choice between merging with licensed competitors, shrinking to non-covered activities, or exiting the region entirely.

The passporting mechanism is what makes a single national license so valuable. Under MiCA, a firm authorized in one member state can offer covered crypto services throughout the EU and the wider EEA without seeking separate national approvals, the same single-market logic that has governed European banking and investment services for decades.

Before MiCA, a crypto company wanting continental coverage needed a patchwork of national registrations, each with its own rules, timelines, and supervisory quirks, and each revocable on its own schedule. After MiCA, the choice of home regulator became a strategic decision, because one supervisor now stands behind a firm’s entire European footprint. That concentration cuts both ways.

A company with a Luxembourg license answers to a regulator with a long institutional finance pedigree and a reputation for rigor, which reassures bank counterparties. It also means a single supervisory dispute could, in theory, imperil access to 30 markets at once. Firms accepted that trade because the alternative, 30 separate relationships, was worse.

Luxembourg, meanwhile, has become one of the main gateways for the firms that made it through. Coinbase won its MiCA license from the CSSF in June 2025, opened a physical hub in the country, and migrated its EU operations into a dedicated Luxembourg entity.

Standard Chartered received its authorization through the same regulator. B2C2 took the Luxembourg route for its European trading business. Ripple now joins that group, which turns the Grand Duchy into something like the institutional crypto capital of the EU, a jurisdiction that courted the industry with dedicated blockchain legislation and a regulator willing to process serious applications quickly.

For Ripple specifically, the competitive math is straightforward. Every payments client it pitches in Europe now faces a shrunken menu of fully licensed providers. The company spent years and considerable money building a compliance posture that most rivals treated as optional. MiCA just made it mandatory, and Ripple crossed the line while much of the field did not.

The license lands on top of an institutional build-out The Luxembourg approval did not arrive in isolation. It caps 12 months in which Ripple assembled more institutional infrastructure than in the previous decade combined, which is what makes the token’s indifference so striking and the license so strategically loaded.

Start with the prime brokerage. Ripple closed its $1.25 billion acquisition of Hidden Road in October 2025, folding a multi-asset prime broker into the company and rebranding the operation as Ripple Prime. On March 2, 2026, Ripple Prime appeared in the participant directory of the National Securities Clearing Corporation, the DTCC subsidiary that clears the vast majority of American equity trades.

The Depository Trust and Clearing Corporation processes transactions measured in the quadrillions of dollars annually and safeguards roughly $100 trillion in assets. Having XRP-linked infrastructure inside that machine is the kind of positioning that takes years to arrange and cannot be improvised later. DTCC has since named Ripple Prime to the industry working group of more than 50 firms shaping its tokenization service for Russell 1000 stocks, major ETFs, and US Treasuries, scheduled to launch in October 2026.

Then the ledger itself. Tokenized real-world assets on the XRP Ledger grew from $991 million at the start of 2026 to roughly $3.5 billion by midsummer. In early May, JPMorgan, Mastercard, Ondo Finance, and Ripple completed the first cross-border tokenized US Treasury redemption on XRPL, clearing in under 5 seconds.

Daily transactions on the ledger hit 3 million on March 15, roughly triple the averages of mid-2025. RLUSD, the stablecoin at the center of Ripple’s settlement strategy, reached a market capitalization of $1.72 billion in under a year, with more than $18 billion in transfer volume in the first quarter of 2026 alone. And in July, Ripple joined Open USD, the consortium dollar stablecoin backed by Visa, Mastercard, Stripe, BlackRock, and more than 140 other companies, hedging its own stablecoin bet with a seat at the industry table.

Every item on that list is the kind of development that, in a friendlier market, would have carried its own rally. Instead, each landed on a chart grinding lower, which is a useful reminder of how much of crypto pricing in 2026 is macro beta and how little is project-specific fundamentals. The relevance to the Luxembourg story is this: the license is not a standalone trophy. It is the regulatory layer of a stack that now includes clearing access, tokenization rails, a stablecoin, and a prime broker. Europe is where that full stack can operate legally today.

Meanwhile in Washington: a bill, a deadline, and seven missing votes The contrast with the United States is not subtle. The CLARITY Act, the market structure bill that would sort digital assets into commodity and security buckets and hand spot market oversight of digital commodities to the Commodity Futures Trading Commission, has traveled further than any crypto legislation in American history. The House passed it 294 to 134 in July 2025. The Senate Banking Committee advanced its version 15 to 9 on May 14, 2026, with Democrats Ruben Gallego and Angela Alsobrooks crossing over. The bill sits on the Senate Legislative Calendar, eligible for a floor vote whenever leadership schedules one.

And there it sits. A unified draft merging the Banking and Agriculture Committee texts, reportedly more than 70 pages longer than the earlier versions and heavier on consumer protections, is expected as soon as the week of July 13, with floor action targeted for the week of July 20. The Senate breaks for recess on August 7.

Senator Cynthia Lummis has warned that failure in this window likely means no market structure law before 2030. Galaxy Research has lowered its passage odds for 2026 to 50%, down from 75% right after the committee vote, and Stifel’s Washington strategist has written that the bill’s prospects deteriorate materially if it misses the recess deadline.

The blockage is not primarily about crypto. It is about ethics. Senate Democrats have demanded language barring senior government officials, including the president, from holding business interests in the crypto industry, a demand aimed squarely at the Trump family’s estimated $2.3 billion in crypto exposure across memecoins, World Liberty Financial, and mining ventures.

The White House has said it will accept rules that apply across the board but not language that singles out one officeholder. A tentative compromise involving state attorney general enforcement fell apart. Even Gallego and Alsobrooks have said their floor votes depend on the ethics fix. As crypto.news covered, disputes over vacant SEC and CFTC commissioner seats have layered a second standoff on top of the first.

Two more fault lines complicate the count. Senator Amy Klobuchar has proposed an amendment that would block new CFTC rules from taking effect until at least four commissioners are confirmed, effectively turning the agency staffing dispute into a statutory switch on the entire regulatory framework the bill would create. CFTC Chair Selig has pushed back, arguing on July 9 that the bill is being derailed by matters extraneous to its substance and that the agency does not need a quorum to write rules.

And law enforcement groups have raised objections to Section 604, the developer protection language drawn from the Blockchain Regulatory Certainty Act, worried it could complicate illicit finance cases. Senator Ron Wyden countered on July 8 with a letter to Senate leadership urging that the BRCA provisions be preserved, giving the DeFi industry its one clear win of the month. Lummis, for her part, has answered the illicit finance critique by pointing to more than 16 safeguards in the text and $150 million in dedicated enforcement funding.

Add it together, and the arithmetic is unforgiving. Three working weeks remain in July, a defense spending bill competes for floor time, and every unresolved dispute needs to close simultaneously for 7 Democrats to move. The committee vote on May 14 offered a preview of what passage would be worth: within an hour of the 15-9 result, Bitcoin jumped to $81,449, and XRP gained 4.5% on the day. Citi has a $143,000 Bitcoin target and Standard Chartered a $150,000 target contingent on the bill becoming law. Markets have, in other words, priced regulatory clarity as a real asset. The Senate simply has not delivered it.

So the American question that matters most to Ripple, whether XRP is a digital commodity under CFTC oversight or something the SEC can still reach, remains formally unanswered. The 2023 court ruling in the SEC’s case against Ripple found that programmatic sales of XRP on exchanges were not securities transactions, and the SEC case itself ended in a settlement in 2025. But a court ruling in one district and a dropped enforcement action are not a statute. They are precedents that a future administration, a future commission, or a future judge could narrow. That is precisely the uncertainty the CLARITY Act exists to remove, and precisely the uncertainty Europe has already removed for Ripple’s payments business.

Does a license move a token? Here is where the bull case and the bear case split, and both deserve a fair hearing.

The bear case is blunt: the Luxembourg license is a company milestone, not a token catalyst. Ripple’s own announcement barely mentions XRP. The approval covers Ripple’s regulated payments services, not its tokens, and MiCA runs a separate authorization track for stablecoins that RLUSD has not yet cleared. Until that happens, Ripple’s own dollar token cannot be offered to the European public, a gap rivals like Circle’s USDC do not have.

Most Ripple Payments volume today settles in RLUSD or fiat, not XRP, and where XRP does route payments across the XRP Ledger, the fees burned per transaction amount to fractions of a cent. When the preliminary CASP approval landed in June, XRP fell about 3% that week alongside the broader market. The market looked at the news and, quite rationally, did not treat it as a buy signal.

The token’s price action through 2026 supports that reading. XRP peaked near $3.65 in July 2025, closed last year around $1.90, and has spent this summer defending the $1 level, trading recently in the $1.05 to $1.13 range. None of Ripple’s regulatory wins arrested the slide, because the slide was never about Ripple. It tracked a market-wide drawdown that pulled Bitcoin below $60,000 and cut altcoins far deeper.

The bull case asks for a longer clock. Regulatory moats compound slowly. Ripple can now sell regulated crypto payments to European banks and corporates at a moment when much of its competition legally cannot, and enterprise procurement cycles that begin in 2026 produce volume in 2027 and 2028. If that volume increasingly touches the XRP Ledger, whether through On-Demand Liquidity corridors, RLUSD flows that settle on XRPL, or tokenized asset activity, the token accrues usage that exists independently of speculative sentiment.

Institutional demand channels are also open in a way they were not a year ago: spot XRP ETFs have logged roughly $1.49 billion in cumulative net inflows since launching in November 2025, and as crypto.news noted, that streak recently stretched to 8 consecutive weeks even as the price languished. Standard Chartered and JPMorgan have both projected $4 to $8.4 billion in first-year ETF inflows if the CLARITY Act passes and unlocks allocators who cannot touch unclassified assets.

The honest synthesis is that the license changes Ripple’s revenue trajectory with high confidence and XRP’s demand trajectory with low confidence. The link between the two runs through actual ledger usage, and that is a metric to watch, not a headline to trade.

The deeper pattern: Two systems, two bets Step back from Ripple and the transatlantic gap looks like two different theories of how to regulate an industry.

Europe chose comprehensiveness first. MiCA is a single rulebook, written once, applied across 30 countries, with a hard deadline and real exclusion for non-compliance. Its critics have a point: the regime’s stablecoin rules, including a blanket ban on interest and heavy bank-deposit reserve requirements, pushed the largest stablecoin issuer on earth out of the market, and the European Commission has already opened a consultation on whether parts of the framework need repair. A rulebook that excludes Tether and stalls RLUSD is not obviously optimized for growth. But it exists, it is enforceable, and a company that clears it knows exactly where it stands.

The United States chose litigation first and legislation later, maybe. The SEC’s enforcement campaign defined the rules by lawsuit, Ripple’s case being the canonical example, and the current Congress is attempting to replace that regime with statute under intense time pressure and presidential conflict-of-interest baggage that no other financial bill has ever carried. The fallback if CLARITY fails is the SEC’s administrative framework known as Regulation Crypto, which Chair Paul Atkins has described as a bridge to legislation. A bridge built by one commission can be dismantled by the next, which is exactly the problem statutes exist to solve. Similar dynamics played out in the stablecoin fight that preceded this one, where, as crypto.news reported, even a bill that eventually passed spent months hostage to fights over state versus federal authority.

For a company like Ripple, which sells to the most conservative buyers in finance, the European bet pays off immediately, and the American bet pays off only if Congress acts. Cross-border payments are also a business where network effects follow regulatory access. Japan already shows what deep institutional integration looks like, with SBI running XRP-based remittance corridors that have no real American equivalent, a story crypto.news has examined in depth. Europe is now the second major bloc where Ripple can attempt that playbook with full regulatory cover. The United States, the company’s home market, is the one place where it still cannot.

There is one more wrinkle worth naming. If the CLARITY Act does pass before the August recess, the transatlantic gap closes fast, and it closes in a way that favors assets with existing institutional plumbing. XRP would enter CFTC jurisdiction as a digital commodity with ETFs already trading, a prime brokerage arm already inside the DTCC’s clearing ecosystem, and a European license portfolio already generating regulated volume. The pieces would connect. If the bill dies, the gap becomes the story for another year at minimum, and Ripple’s center of commercial gravity keeps shifting toward jurisdictions that gave it an answer.

What to watch from here Three markers will tell the story faster than any press release.

First, RLUSD’s European stablecoin authorization. The EMI license gives Ripple the corporate foundation to seek approval for its stablecoin under MiCA’s separate e-money token rules. Until that clears, the most natural settlement asset in Ripple’s European stack stays off the shelf for public offering, and the license story remains half finished.

Second, disclosed European client wins. Licenses are permission, not demand. The proof that regulatory certainty converts into business will arrive as named banks, payment providers, and corporates routing volume through Ripple Payments in the EEA. Watch for whether those announcements specify XRPL settlement or quietly settle in fiat and RLUSD, because that distinction is the entire XRP investment case in miniature.

Third, the Senate floor in the last 2 weeks of July. The merged CLARITY draft, the ethics compromise or its absence, and the 7-Democrat math will determine whether the United States joins Europe in giving Ripple a rulebook or hands the company another year of asymmetry. Either outcome is informative. One of them is also tradable.

The Luxembourg license will not move XRP this week, and anyone claiming otherwise is selling something. What it does is quietly settle an older argument. For years, skeptics said Ripple’s compliance-heavy strategy was expensive theater in an industry that rewarded speed over permission.

In Europe, in July 2026, permission became the product. The companies that skipped the theater are locked out of a market of 450 million people, and the company that endured 4 years of litigation from its own government is, for the moment, more welcome in Brussels than in Washington. That inversion says less about Ripple than it does about the two systems that produced it, and the next month will reveal whether the American half of the story finally catches up.

Ripple CEO Brad Garlinghouse has revealed that his company also shut down after the Securities and Exchange Commission (SEC) sued it in 2020. He highlighted how they faced a dilemma after the Commission sued them, seeing as the government had unlimited resources to see the lawsuit through to the end.

Ripple CEO Says The Crypto Firm Almost Shut Down In an appearance at the KU School of Business, Garlinghouse said that they almost decided to shut down the company after the SEC sued them. He noted that the government had “infinite power and resources,” signaling that they faced a tough decision about whether to challenge the lawsuit.

The Ripple CEO further remarked that shutting down the company would likely have been an easier choice. Under such a scenario, he said that they would have simply distributed their XRP holdings to shareholders on a pro rata basis and informed the SEC that they no longer held ay XRP since the Commission said it was a security.

However, he added that such a decision would have been a bad outcome, seeing as hundreds of people would have lost their jobs. In line with this, he said he was glad they did not make such a decision, although it wasn’t easy at the time. The SEC sued Ripple in 2020 over the sale of XRP, and both sides eventually settled the long-running lawsuit last year after the Trump administration took office.

It is worth noting that the SEC had also sued Garlinghouse and Ripple co-founder Chris Larsen, claiming that they had sold XRP as an unregistered security. However, Judge Analisa Torres eventually ruled that XRP was not a security in itself. Interestingly, the Ripple lawsuit judge recently handed Kalshi a major loss in its case against New York, ruling that New York state gambling laws apply to Kalshi’s sports-related event contracts.

XRP Community Member Reflects On The Journey Commenting on how far Ripple and XRP have come, community member BankXRP noted that Ripple’s U.S. business is fully back and that the company has secured licenses across multiple jurisdictions. As CoinGape reported, Ripple recently secured a new EU license, making it MiCA-compliant.

I remember December 2020 like it was yesterday.

SEC sues Ripple. Exchanges start delisting XRP overnight. Coinbase, one by one, others follow.

XRP is done. It’s over, sell before it goes to zero. Ripple is finished, the SEC just killed it.

For almost 2 years, that was the…

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 11, 2026

Meanwhile, BankXRP added that institutional partnerships are stacking up globally for the crypto firm, while banks are building on the XRP Ledger (XRPL) rather than just talking about it. “The same “dead” project people wrote off in 2020 is now sitting at the center of institutional adoption,” he said.

The XRP community member also declared that bear markets and lawsuits do not kill real conviction; rather, they just test who actually understood the thesis in the first place.

For more on regulated crypto firms, please check out Best Regulated Crypto Exchanges in Europe in July 2026 – MiCA Compliant List

Avalanche Stablecoin Supply Jumps 46% in Seven DaysAvalanche's stablecoin supply has posted one of its sharpest weekly gains on record. According to data shared by @BSCNews, the total stablecoin supply on @Avax surged 46% in just seven days, pushing the figure above $1.8 billion at time of writing. The move has lifted $AVAX into 11th place among all stablecoin networks globally, overtaking both @Plasma and @ripple's $XRP Ledger in the process.

The milestone is notable not just for its speed but for the broader trajectory it reflects. According to Token Terminal data, the combined market cap of stablecoins and tokenized funds on Avalanche climbed from roughly $1.2 billion in January 2024 to just above $2 billion in January 2026, representing a roughly 70% increase over two years. The latest weekly spike suggests that pace is now accelerating.

Institutional Momentum and Network Growth Behind the MoveThe stablecoin surge does not exist in isolation. Avalanche has been building institutional momentum across several fronts in 2026. Avalanche formally launched the Avalanche Payments Collective, an alliance of 28 major organisations including Franklin Templeton, VanEck, and Paxos, aimed at unifying stablecoin settlement, treasury infrastructure, and foreign exchange into a single blockchain-based framework spanning more than 150 countries.

Major financial institutions such as J.P. Morgan, Apollo, and Citi are also using Avalanche for real-world asset tokenization and backend infrastructure. That institutional engagement has helped attract deeper stablecoin liquidity to the network, providing a structural foundation beneath the latest supply figures.

On the technical side, Avalanche's C-Chain can process roughly 88% more transaction throughput than Ethereum while pricing transactions at approximately one-fiftieth of the cost, and it can rapidly increase block size during periods of high demand. Those performance characteristics make it a practical choice for stablecoin issuers and settlement-focused applications looking for speed and low cost.

The credit for building the infrastructure that underpins these results sits largely with the @AvaLabs team, whose continued development work has positioned Avalanche as a credible institutional-grade settlement layer heading into the second half of 2026.

Sources:
Yahoo Finance: Avalanche posts 70% surge in stablecoin and tokenized fund market cap in 2 years
VanEck: Avalanche 201, The Institutional Platform
DefiLlama: Avalanche Stablecoin Market Cap and Supply

XRP Demand Cools Across 3 Metrics, but Funding Hints at Rebound

XRP recorded a 1.27% increase on Friday, reaching $1.10, as the broader cryptocurrency market advanced 1.54% to a total capitalization of $2.19 trillion. Bitcoin closed at $64,002 after a 1.48% rise, while Ethereum demonstrated greater strength, gaining 3.03% to $1,790.

Technical outlook: Key support and resistance levelsIn the four-hour timeframe, technical analysis shows a moderate uptick in buying activity for XRP, but momentum remains limited below the key resistance at $1.12. The Relative Strength Index currently stands at 47.48, slightly under the neutral 50 line, pointing to a cautious market environment. The MACD histogram flipped positive at 0.0018, with the MACD line crossing above the signal line to suggest a possible price rebound.

Should XRP decisively move above the $1.12 barrier, it could aim for $1.15 next, followed by $1.20. On the downside, $1.07 acts as immediate support. Failure to maintain this level may push the price towards $1.05 or even the psychologically important $1.00 threshold.

XRP holders face a critical resistance at $1.12, with $1.07 as key support; a breakout could set sights on $1.20, while a dip might test $1.00.

Analysts highlight accumulation range and cycle targetsSeveral market analysts have outlined price bands where they see strategic accumulation opportunities for XRP. Analyst Celal Kucuker argued that, “smart money accumulates when everyone is bored.” He marks the $0.85–$1.20 range as a prime accumulation zone, with $1.65 as a momentum pivot, $3.00–$3.50 as macro breakout points, and a cycle target set at $15. Kucuker’s approach emphasizes the value of patience rather than reactive trading.

EGRAG CRYPTO, another well-followed analyst, views $0.85–$1.20 as a historic macro support area. According to his analysis, a decline toward $0.85 does not compromise XRP’s long-term structure. He points to $1.65 as a trigger for renewed momentum, with $3.00–$3.50 acting as major resistance, and $15 as a cycle target.

Crypto Patel positions the accumulation range slightly lower, between $0.70 and $1.10. His MACD-based technical setup indicates a bullish crossover, referencing earlier similar patterns that led to gains exceeding 1,000%. Patel believes that maintaining current support and breaking above $3 could send XRP to $9 or higher.

Mini dictionary: MACD (Moving Average Convergence Divergence), a trend-following technical indicator that shows the relationship between two moving averages of a security’s price, widely used to identify changes in momentum and potential price reversals in crypto markets.

AnalystAccumulation RangeMomentum PivotMacro BreakoutCycle TargetCelal Kucuker$0.85–$1.20$1.65$3–$3.5$15EGRAG CRYPTO$0.85–$1.20$1.65$3–$3.5$15Crypto Patel$0.70–$1.10–$3+$9+ Smart money, according to Celal Kucuker, accumulates in the $0.85–$1.20 range, setting ambitious targets up to $15 for the cycle if key levels are reclaimed.

CLARITY Act: Regulating digital assetsThe CLARITY Act, a legislative proposal to establish a regulatory framework for digital assets, cleared the House on July 17, 2025, with support from 294 representatives. The Senate Banking Committee advanced the bill on May 14, 2026, by a 15-9 vote. The Senate, set to reconvene from recess on July 13, could hold a key procedural vote between July 13 and July 17.

Should both the House and Senate approve identical versions of the bill, it may reach President Trump’s desk before September. The process, however, faces opposition from Senate Democrats, who have raised concerns about President Trump’s personal investments in cryptocurrencies and potential conflicts of interest.

If enacted, the CLARITY Act would build a comprehensive national structure for digital asset commerce, sharing regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This could clarify asset classifications such as XRP’s and allow broader institutional participation.

Mini dictionary: The CLARITY Act is a proposed US federal law designed to provide clear guidelines for the regulation and oversight of digital assets, distributing responsibilities between the SEC and CFTC.

XRP ETF flow and institutional activityRecent data shows that exchange-traded fund (ETF) products linked to XRP registered no net daily inflows on July 9. Accumulated inflows have reached $1.48 billion, and combined net assets now total $989.46 million. Bitwise leads the field with $308.15 million in assets under management, followed closely by Canary and Franklin at $252.97 million and $249.54 million, respectively.

ETF ProviderNet Assets ($ million)Bitwise308.15Canary252.97Franklin249.54Disclaimer: 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.

Grayscale, one of the world’s largest digital asset managers, has released a new framework mapping out the dominant investment narratives within the cryptocurrency market, positioning XRP as the foremost blockchain for global payments.

Distinct roles for major blockchainsGrayscale highlighted that the crypto sector is evolving away from treating coins as direct competitors. Instead, the company sees each leading network as playing a unique, practical role tailored to specific real-world applications.

Under this model, Bitcoin takes the role of digital money, Ethereum functions as the foundation for decentralized computing, and XRP stands out for enabling seamless cross-border transactions. Solana, on the other hand, focuses on powering high-performance applications.

According to Grayscale, “XRP was specifically engineered to move value across borders quickly and at minimal cost, making it well-suited for global settlements and cross-border transfers.”

The firm also identified other networks serving critical infrastructure needs: Hyperliquid enables round-the-clock on-chain trading; Chainlink provides tokenization tools and oracle services; Sui is developing next-generation blockchain technology; and Avalanche offers highly customizable blockchain networks.

Mini dictionary: Hyperliquid is a decentralized derivatives exchange operating 24/7 entirely on-chain, without intermediaries. It offers perpetual trading and aims to deliver low-latency performance for crypto traders.

XRP’s utility in global paymentsXRP’s identification as a global payments blockchain reflects its original design. The XRP Ledger was built to process fast, low-cost transactions, allowing value to move worldwide in just seconds, often at a fraction of traditional costs. This efficiency has attracted financial institutions, fintech companies, and payment providers that seek to modernize international money transfers.

Unlike platforms focused primarily on decentralized application development, XRP Ledger’s primary objective remains streamlined, scalable cross-border payments and settlements.

BlockchainMain NarrativeMain Use CaseBitcoinDigital moneyStore of value, paymentsEthereumProgrammable computerSmart contracts, dAppsXRPGlobal paymentsCross-border settlementsSolanaHigh performanceScalable appsRipple expands XRP’s ecosystem and visibilitySan Francisco-based Ripple, the company behind much of XRP’s ecosystem development, has continued to grow its payment network and improve the XRP Ledger with robust enterprise-grade infrastructure.

The introduction of Ripple’s RLUSD stablecoin, pegged to the US dollar, has further solidified XRPL’s foundation for financial applications and has enhanced its capabilities beyond speculative trading.

Ripple CEO Brad Garlinghouse recently marked a new milestone by announcing a partnership with the University of Kansas. The Kansas Jayhawks became the first major collegiate athletics team to wear XRP-branded jerseys, broadening XRP’s reach beyond finance and into mainstream sports.

Grayscale’s perspective reflects a broader change in how institutions view digital assets, shifting focus toward the specific use cases addressed by these technologies rather than just their market cap or trading volume.

Grayscale’s report suggests that, while Bitcoin remains dominant as digital money and Ethereum as the leading programmable platform, XRP has secured its reputation as the backbone for global payments.

With ongoing institutional adoption and the continued push for tokenization and efficient cross-border transfers, Grayscale sees XRP as one of the most established real-world applications in digital assets.

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.

XRP Ledger activity has dropped substantially in the past few months. Separately, a popular analyst outlined why the current range is very important for XRP.

Ripple’s cross-border token has stagnated around $1.10 ever since it defended the $1.00 support a few weeks ago during the darkest hours of the overall market’s crash.

Worrisome on-chain data shows that the demand for the XRP Ledger has dwindled lately, but other factors are at play for Ripple and its token. The question now is whether a new rally is brewing.

XRP Network Activity Plummets CryptoPotato reported that, after the first quarter of the year, network activity on Ripple’s XRP Ledger had rocketed throughout the period despite the painful price performance of the native token. Messari’s report at the time indicated that there were still strong network fundamentals, including stablecoin adoption, real-world tokenization, and transaction activity, which were all showing solid increases.

However, more recent data from Santiment Intelligence shows a major shift. XRP Ledger activity has “gone unusually quiet” in recent weeks, while the token’s price fails to break out of the $1.05-$1.15 range.

The network registered only 25,350 wallets, which became the second-lowest day of the year. New wallet creation dropped to 2,130, the lowest level in almost two years.

“After late-June dip-buying excitement, this looks like traders are waiting for a real catalyst instead of chasing another small bounce,” said Santiment.

Nevertheless, the company remains optimistic about XRP’s future due to other ecosystem factors. It added that XRP still has several “potential sparks beyond” price alone, such as RLUSD’s growth, tokenized-asset activity, and institutional payment use cases. All of these, combined with possible lending tools, could “bring users back on-chain if momentum improves.”

Key Macro Support Zone Meanwhile, popular crypto analyst and long-term XRP bull, EGRAG CRYPTO, weighed in on the asset’s short-term potential, explaining that it is currently trading inside what has historically been one of its most important accumulation zones. It stretches between $0.85 and $1.20.

You may also like: XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Japanese Firms Are Boosting BTC and XRP Holdings – SBI VC Trade Reveals Why XRP Suffered 22% June Loss, but History Favors a Major July Rally EGRAG argued that this range has repeatedly acted as macro support during previous market cycles, but still believes that a dip to $0.85 is in the cards. Nevertheless, even if XRP drops to that level, which would be a new multi-year low, the analyst expects it to bounce and keep the broader bottoming structure intact.

On the other hand, EGRAG added that the first major resistance in XRP’s path forward is at $1.65. If broken, the token can head toward $3.00-$3.50. The ultimate goal, according to this analysis, would be $15, described as “the full cycle expansion target,” but it sounds rather far-fetched at the moment.

#XRP – BENT FORK 🍴 – $15 (Accumulation Band):

Right now, $XRP is sitting near the historical accumulation band around:

▫️ $0.85–$1.20

This zone has acted as macro support in previous cycles.

Can $XRP wick lower toward $0.85? Yes.

But as long as this band holds, the macro… pic.twitter.com/LQ6mMPdcUb

— EGRAG CRYPTO (@egragcrypto) July 10, 2026

Tags:

Ripple CTO Emeritus David Schwartz has joined in the recent debate about the impact of XRP sales by Ripple on the holders of the leading altcoin.

While growing speculation about this move suggests that token holders often end up as victims of such actions by Ripple, Schwartz has publicly dismissed these claims, noting that the company's XRP sales do not come at the expense of token holders.

Ripple's business model questionedSchwartz aired his views in response to an ongoing debate that started after pro-crypto lawyer Bill Morgan mentioned that Ripple sells XRP directly to retail investors, noting that the company has not done so for years.

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The statement triggered a debate when a Chainlink executive argued that Ripple primarily monetizes its pre-mined XRP holdings to fund operations, acquisitions, and shareholder returns.

The Chainlink executive went further to declare that every time Ripple sells XRP, the company essentially shifts the costs and risks to XRP holders while the company itself and its shareholders enjoy the benefits.

He further mentioned that XRP does not serve as a bridge asset, claiming that stablecoins such as Ripple's RLUSD have overtaken that use case.

Schwartz clears misconceptionsSchwartz argued that the claims are misguided, explaining that the actual cause of most negative outcomes is solely dependent on investor sentiment.

He explained that if investors reasonably expect Ripple's future XRP sales to negatively affect the price of the asset, such expectations are already reflected in today's market price.

According to him, this causes buyers to purchase XRP at a lower price to account for those anticipated sales, and they are likewise expected to sell at correspondingly lower prices later.

XRP Holds $1.11 as ETF Flows Flip Negative for First Time Since May

Ripple (XRP) price is up slightly by 0.02% today, July 11, to trade at $1.10 at the time of writing. The slight gain comes as trading volumes cool into the weekend, with CoinMarketCap showing that XRP’s volume are down by 25% to $762 million.

Traders are now bracing for volatility in the coming week with the CLARITY Act coming back in focus as the US Congress resumes sessions on July 13 after the July 4 recess.

Congress Schedules CLARITY Act Hearing Data from the US Congress website shows that the House Financial Services Committee will have a field hearing in New York regarding the CLARITY Act on July 17.

CLARITY Act Hearing This hearing was even confirmed by Congressman French Hill during an interview with FOX, where he said that lawmakers want to ensure that CLARITY can be merged with old legislation.

“We’ve got to get this market framework in place to be combined with the GENIUS Act”,” Hill said.

The Congressman’s remarks come after a CoinGape report revealed that the final draft for the CLARITY Act could drop between July 13 and July 17 and potentially move the XRP price.

Pro-crypto senators like Cynthia Lummis say that this final draft will be the last chance that the CLARITY Act has to pass before the mid-term elections happen in November.

The resumption of the US Senate from the July 4 holiday recess has also caused a slight increase in the odds of the CLARITY Act being approved from 40% on July 8 to 44% today, July 11.

XRP Price Eyes Wedge Breakout as Bearish Momentum Fades The price of XRP trades within a falling wedge pattern. This pattern has a depth of 22%, and it usually appears when the trend is about to change from a bearish one to a bullish one.

The RSI reading of 47 also suggests that bears might be losing their grip. This RSO has moved from 32 on June 30 to 47 on July 11, suggesting that buyers are slowly replacing sellers.

This RSI needs to make a higher high above 50 to confirm that the momentum has changed to bullish.

XRP value faces resistance at $1.16. Moving above this obstacle could pave the way for a 22% gain to $1.42.

XRP Price Chart But if XRP fails to close above $1.16, bears might force it back into consolidation within the falling wedge pattern, and the price could drop to the support of $1.03.

XRP Ledger Activity Hits Rare Lows SWIFT recently partnered with several banks affiliated with Ripple, but that did not increase network activity like is usually the case.

Instead, data from Santiment shows that the level of activity on the XRP Ledger is at the second-lowest level in 2026.

XRP Ledger saw only 25,350 active wallets on July 11 and 2,130 new wallets.

The number of new wallets on XRP Ledger is at the lowest point since November 2024, with Santiment saying that buyers are hesitating until there is a real catalyst that can push the price up.

The XRP Ledger has entered a period of noticeably weaker on-chain activity, as key network metrics fall to some of their lowest levels this year.

Data from Santiment shows that daily active addresses recently dropped to 25,350, marking the second-lowest level recorded this year. Meanwhile, new wallet creation fell to 2,130, its lowest point since November 2024. 

Notably, these figures show that activity on the network has slowed sharply, even though XRP continues to show resilience above the crucial $1 psychological mark.

This decline did not happen all at once, as active addresses gradually trended lower over several weeks after reaching stronger levels earlier in June. Each drop settled below the previous one until the latest reading, showing that participation on the network kept fading. 

The trend has also continued beyond the lows highlighted by Santiment. Specifically, daily active addresses have since fallen further to 22,888.

Mid-June Recovery Lost Momentum While network activity saw a decline in early June, this trend briefly paused on June 15, when increased dip buying lifted XRP’s price and the number of active addresses. For a short time, the move suggested that interest in the network had returned and that activity could begin to recover.

XRP Network Activity | Santiment However, the momentum was short-lived. XRP soon corrected back to its familiar $1.05 to $1.15 trading range, while active addresses resumed their decline. The network never regained the activity levels seen before or during the brief rally.

Market data suggests that the rebound emerged as a result of short-term buying from existing holders rather than fresh demand entering the market. Notably, the network did not attract a noticeable wave of new users during that period. 

Data on XRP wallet creation supports this idea, as new address growth rose but failed to match the rally and uptick in wallet activity. Essentially, the increase in activity came mainly from users who were already on the network, not newcomers joining the XRP Ledger.

Stable Price Hides Falling Network Activity Now, the XRP ecosystem is witnessing a widening gap between XRP’s price and XRPL on-chain activity. Specifically, while network participation has continued to weaken, XRP has held relatively steady around $1.0962. 

The token has avoided a major price breakdown below $1 even as active addresses and wallet creation have fallen to multi-month and year-to-date lows.

This gap suggests that existing liquidity and large holders have persistently supported the price despite fewer users actively engaging with the network. In a stronger market, price stability at these levels would usually come with growing network activity. 

XRP Still Needs a Strong Catalyst Santiment believes several developments could help reverse the current trend and support a move toward $1.50. 

These include wider adoption of RLUSD, more tokenized assets on the XRP Ledger, increased institutional payment activity, continued expansion of the EVM sidechain, and the launch of lending tools. 

If these developments gain real traction, they could bring more users to the network and provide stronger support for higher prices. However, for now, the data shows little sign that those catalysts have started driving network activity.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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XRP, the digital asset associated with Ripple, has drawn renewed attention from major investors after a retreat from its 2026 highs above $3 per coin. This resurgence comes amid a challenging period for broader crypto markets, with technical signals pointing to the possibility of a significant upward move.

Technical analysis: Oversold signals and key support levelsThroughout the current week, XRP experienced heightened volatility, dropping to $1.1018 and approaching the lower Bollinger Band at $1.0562 on the weekly chart. Market analysts noted that the current price action is subjecting XRP to a rigorous stress test that could define its direction for the remainder of the year.

Recent technical data highlights that sellers may be losing momentum. The relative strength index (RSI) on the weekly timeframe declined to 33.78, placing XRP in oversold territory. Historically, highly oversold conditions can increase the chances of a strong rebound, suggesting bearish pressure may be nearing exhaustion.

On the monthly chart, key support continues to hold. Investors are maintaining the position above the Bollinger Bands midline, represented by the 20-period simple moving average (SMA) at $1.1039. As long as this support endures, the broader bullish outlook remains intact. The monthly RSI remains near 41.87, leaving room for further upward movement.

Technical compression across multiple timeframes has occurred alongside supportive news developments in early July, which analysts believe has helped cushion XRP’s recent decline.

Most observers view the $2 target as increasingly plausible, citing robust technical foundations and ongoing institutional engagement, while noting that holding $1.10 will be key for bulls in the near term.

Institutional flows and regulatory progressInstitutional interest in XRP remains strong. XRP-focused exchange traded funds (ETFs) reported capital inflows for nine consecutive weeks, with total assets under management reaching $1.49 billion. While retail investors have been realizing losses, larger entities appear to be positioning for potential upside.

Ripple, the company behind XRP, recently secured a complete Crypto-Asset Service Provider (CASP) license in Luxembourg under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This gives both XRP and RLUSD regulated access to banking services throughout all 27 EU member states. Investors have also begun to anticipate the approaching US CLARITY Act, which may further influence expectations around regulatory certainty for XRP.

Mini dictionary: MiCA (Markets in Crypto-Assets) is a regulatory framework adopted by the European Union to create clear rules for the operation and oversight of crypto assets and their service providers throughout the EU, aiming to safeguard investors while promoting innovation.

Emerging trends and milestonesIn addition to institutional interest and regulatory achievements, on-chain trends reveal new sources of utility-driven demand. Autonomous AI agents have begun conducting direct settlements using native XRP, with total transactions surpassing one million. This development introduces a potential new use case, contributing to network activity and liquidity.

Looking ahead, maintaining support above $1.10 is considered crucial for the continuation of the bullish scenario. The first major resistance is positioned at the weekly Bollinger Bands midline of $1.3021. If this barrier is overcome, analysts expect XRP could advance toward $1.54 and ultimately approach the $2.00 target in the coming months.

Support/Resistance LevelCurrent ValueLower weekly Bollinger Band (support)$1.0562Key support (monthly midline)$1.1039First resistance (weekly midline)$1.3021Next resistance$1.54Target$2.00Disclaimer: 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.

Although most AIs didn't agree on which is the winner, they all believe it won't be bitcoin.

We are already more than halfway through the year, and it’s safe to say that it hasn’t been kind to the largest cryptocurrencies. All three of the ones that we will explore in this article are deep in the red YTD after dipping to new local lows.

But let’s be more optimistic about the rest of 2026 and ask ChatGPT, Perplexity, Gemini, and Grok which they believe has the most potential to post the biggest gains in the next 5-6 months.

ChatGPT and Gemini Say… Perhaps the most widely known and used AI outlined the realistic and bullish peaks of all three assets: $95,000 for BTC, $3,200 for ETH, and $2.50 for XRP in one of the cases, and $135,000, $4,500, and $4.50, respectively, in the other. Consequently, their realistic and bullish upside potentials ranged between 48% and 110% for the market leader, 97% and 117% for the largest altcoin, and 136% and 325% for Ripple’s cross-border token.

Its winner is quite clear: “XRP has the greatest percentage upside, followed by ETH, which is the best balance between upside and fundamentals.” Bitcoin, on the other hand, is described as the one with the “highest probability of a rally, but the lowest potential returns.”

Gemini had a slightly contrasting opinion. It placed Ethereum as the “highest theoretical upside contender,” since it is currently the most beaten down. It outlined the upcoming Glamsterdam update as a potential catalyst for future gains, as it promises to fix the fee structures.

“Because it is starting from such a compressed level, its upside multiplier is massive,” Gemini added.

It categorized XRP as the “clearest binary catalyst,” while BTC falls under the same category – the highest probability for a run, but the lowest percentage potential.

Grok and Perplexity Add… Grok agreed to a large extent with Gemini. It said XRP “edges out for explosive relative gains,” since it’s smaller in size, while its pent-up narrative (payments and regulatory resolution), alongside its sensitivity to positive news, makes it the “highest beta play among the three.”

You may also like: Bitwise Report: Crypto Fundamentals Are Getting Stronger Despite Third Straight Negative Quarter STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In “In risk-on environments with altcoin rotation, XRP often amplified moves. However, this comes with higher risk – if macro weakens or catalysts delay, it could underperform,” Grok explained.

BTC is the safest “big rally” bet, while ETH balances utility and adoption but may “lag in pure speculative rallies unless specific narratives catch fire.”

Perplexity took ChatGPT’s side, indicating that “ETH probably has the best asymmetric rally potential in H2 2026, while BTC is the most likely to be steady, and XRP is the wild card with the sharpest upside if catalysts hit but the highest execution risk.”

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A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions.

Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback.

Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000.

Up or Down for XRP? Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days.

Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price levels as “lifetime opportunity entry” and set a target of over $5.

Crypto Coral noted that XRP is compressing within a triangle pattern, with the valuation reacting sharply from a major support zone. “Structures this large often lead to significant moves once resistance gives way,” the analyst added.

Ali Martinez also gave his two cents. He spotted a potential bearish flag on XRP’s price chart, which could lead to a renewed correction toward $1.04 in the near future.

What’s New With SHIB? The second-largest meme coin continues to struggle in the bear market, suppressed by the broader crypto sector’s decline and waning interest in the meme coin niche.

You may also like: XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow?  Shiba Inu’s ecosystem has also barely shown signs of life lately, as Shibarium’s activity has plummeted, investor enthusiasm has faded, and the team behind the project hasn’t unveiled any meaningful updates.

Among the few rays of hope is the recent resurgence of the burning program. As CryptoPotato reported, the SHIB team and community destroyed nearly 110 million coins on July 8, marking the largest burn in the last six months. Still, the USD value of the amount sent to a null address is negligible and insufficient to trigger a rally in the meme coin.

ETH’s Potential The cryptocurrency took a huge blow last month, with its price slipping to around $1,500. Since then, the bulls have stepped in, and now ETH is trading just south of $1,800.

Not long ago, X user Ted claimed that a decisive breakout above $1,750 could open the door for a jump to $2,000, while Poseidon envisioned an ascent to $2,500 before September.

The growing institutional interest supports the bullish outlook. The spot ETH ETFs recently experienced five consecutive green days for the first time since April, indicating that major investors such as pension funds and hedge funds have increased their exposure to the asset. However, over the past 24 hours, outflows exceeded inflows, thus breaking the positive streak.

Spot ETH ETFs, Source: SoSoValue Tags:

Bitcoin, XRP, and Shiba Inu have each begun to display tentative signs of recovery, following extended periods of downward pressure and market uncertainty. The three assets are currently facing pivotal technical resistances that could determine whether their recent gains mark the start of a sustained rebound or are merely short-lived corrections.

XRP attempts to break resistanceXRP has begun to recover after weeks of trading below declining resistance levels, which had consistently halted upward momentum. The asset rebounded from its late-June lows near $1.00, avoiding another lower low and preventing a further extension of the bearish trend.

Currently, XRP is testing a key resistance formed by the intersection of its 26-day exponential moving average (EMA) and a downward trendline at $1.12. This area represents a significant decision zone for traders. Should XRP break above this barrier, it would mark a shift in control away from sellers for the first time in several weeks.

The structure of XRP’s current move differs from classic technical reversal patterns, such as double bottoms or capitulation spikes. Instead, prices have gradually stabilized and slowly attracted renewed buying interest. Momentum indicators, including the Relative Strength Index (RSI), have turned higher and are moving toward neutral territory, reflecting a measured return of demand without triggering overbought signals.

XRP buyers stepped in at $1.00, preventing further losses and returning the asset to a familiar resistance zone that had halted previous rallies.

If demand persists, the next upside target is $1.17 near the 50-day EMA, with more substantial resistance expected in the $1.25 to $1.30 range. On the downside, bulls need to maintain support near $1.05 to sustain the recent recovery. While the broader trend remains negative, with both the 100-day and 200-day moving averages above the current price, market sentiment has turned more optimistic than in recent weeks.

Resistance LevelSupportKey Moving Averages$1.12 (26-day EMA/trendline), $1.17 (50-day EMA), $1.25-$1.30$1.05100-day / 200-day EMA above priceShiba Inu finds stabilityShiba Inu (SHIB), a meme-based cryptocurrency known for its high volatility, is beginning to stabilize after enduring one of its toughest stretches this year. Despite an ongoing negative trend, SHIB has managed to defend its late-June lows, now trading near $0.00000440.

The asset is consolidating, with buyers stepping in to prevent new lows even in the face of significant resistance from moving averages above its current price. This consolidation phase may set the stage for a larger market recovery, though confirmation is still lacking.

The RSI for SHIB has climbed back from oversold conditions but remains below the thresholds usually linked to robust bullish reversals. Recent increases in trading volume suggest a shift toward accumulation, indicating that sellers are losing dominance, though resistance at the 26-day EMA around $0.00000460 persists.

Should buyers clear this initial hurdle, the next resistance levels include the 50-day EMA near $0.00000480 and the 100-day moving average around $0.00000530. Still, as long as SHIB trades well below its 200-day moving average, analysts warn that a definitive trend change is yet to occur.

PriceKey ResistanceKey Moving Averages$0.00000440$0.00000460 (26-day EMA), $0.00000480 (50-day EMA), $0.00000530 (100-day MA)200-day MA above priceDespite a prolonged downturn, SHIB’s move to consolidation hints at a potential reversal if buying momentum continues.

Bitcoin nears critical resistanceBitcoin is now trading at $64,500 after rebounding from lows below $60,000. This recovery has been supported by steady trading volumes and an RSI reading that has moved above 50, suggesting genuine market demand. However, the main challenge lies ahead at the 50-day EMA, currently at $65,400, which has repeatedly acted as a barrier during prior recovery attempts.

A clean break above $65,400 is seen as a crucial step for Bitcoin in shifting the medium-term narrative. Such a move could draw in additional buyers and open the path toward the 100-day EMA at $69,000 and, potentially, the 200-day moving average at $75,000—a widely watched level separating long-term bullish and bearish sentiment.

If Bitcoin fails again to clear the 50-day EMA, analysts say this would reinforce existing downward pressure and could send prices back to the $60,000 support region. Many traders note that between the 50-day and 100-day moving averages, there is little major resistance, making a successful breakout likely to trigger rapid price gains if bulls prevail.

Until $65,400 is reclaimed, the current move is viewed as a promising recovery but not a confirmed shift into a new bullish trend.

Current PriceKey ResistanceKey Support$64,500$65,400 (50-day EMA), $69,000 (100-day EMA), $75,000 (200-day MA)$60,000Mini dictionary: Exponential Moving Average (EMA), a technical indicator that places greater weight on recent price data to measure trends, often used to identify potential support or resistance levels in asset trading.

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.

XRP (CRYPTO: XRP) continues trading around $1.10 as weekly ETF data through July 9 shows $7.29 million in net outflows that put a nine-week inflow streak at risk.

The Nine-Week Streak Could End TodayXRP spot ETFs pulled in cumulative inflows of $1.48 billion across nine straight positive weeks, including through some of the heaviest price weakness of the year. 

The weekly data through July 9 already shows $7.29 million in net outflows, meaning Friday’s unreported numbers will decide whether the streak survives or snaps for the first time in ten weeks.

Even if the streak ends, the cumulative $1.48 billion in inflows remains intact.

But a first negative weekly close would mark a notable shift in sentiment at exactly the moment XRP is attempting its most technically important breakout of the year.

XRP Holders Are Frustrated With The Kansas Jayhawks Jersey DealRipple’s sponsorship deal with the University of Kansas, placing XRP patches on Jayhawks team jerseys, drew sharp backlash from the XRP community this week. 

While CEO Brad Garlinghouse called it a rare moment where his professional and personal worlds collide, many holders responded with frustration rather than enthusiasm.

One user wrote directly to Garlinghouse: “Why don’t you do what you said you would do with XRP and become the bridge asset of world finance? Stop ding around.” 

Others questioned whether jersey patches served XRP holders at all, with one writing “Sell XRP to the bag holders then spend the proceeds on jersey patches” and another asking “Yo what the actual f yall got XRP on these jerseys but the price of XRP is at $1.08.”

Third Breakout Attempt Carries More Weight Than The First TwoXRP is pressing against the year-long descending trendline for the third time. The first attempt failed at $1.30. 

The second collapsed. RSI bullish divergence backs this third attempt, with price printing lower lows while RSI held higher lows, confirming underlying momentum building even through the price weakness.

RSI now sits at 47.16, recovering from June’s oversold extreme. The full EMA stack remains bearish with the 20 EMA at $1.1119, 50 EMA at $1.1705, 100 EMA at $1.2712, and 200 EMA at $1.4801 all sitting overhead as resistance levels. 

A daily close above $1.1119 would be the first confirmation this attempt is different from the last two. Until that prints, the channel rules still apply with $1.00 to $1.05 as the demand zone floor below.

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