The ratio of the circulating XRP supply in profit has surged back above 57%, reaching highs last recorded in January 2026.
This comes as XRP’s price continues to hold above the crucial $1.40 level following the rally witnessed in August and September. For context, after dropping to $0.98 in mid-August, XRP embarked on a rebound campaign, closing August around $1.379, a 30% gain that month.
The uptrend spilled into September, and despite facing periodic roadblocks and selling pressure toward the end of the month, XRP also closed September with another gain, up nearly 8% for the month. While October has introduced a pullback, the August and September gains have already made much of XRP’s supply profitable.
XRP Supply in Profit Rises According to on-chain data provided by market research firm Glassnode, the ratio of the circulating XRP supply in profit has risen to 57.172% as of the time of this press.
XRP Supply in Profit | Source: Glassnode For the uninitiated, this metric measures the percentage of an asset’s circulating supply that is currently in profit. Essentially, it looks out for those XRP coins that investors last moved at prices lower than the current XRP price. It assumes these coin movements refer to purchases.
The latest reading indicates that 57.172% of XRP’s circulating supply was last moved at prices lower than $1.51. For context, XRP currently boasts a circulating supply of 68.4 billion tokens. This indicates that about 39.12 billion XRP is now in profit.
This is an impressive rise from the 37.27% rate recorded on Aug. 16, when the XRP price stood at $0.99. At this rate, only about 25.5 billion XRP tokens were profitable, leaving nearly 43 billion XRP in loss at the time. Now, there are only 29.2 billion XRP tokens in loss, a 42.8% share.
A 9-Month Peak Notably, the recent top in profitable supply represents highs last recorded nine months ago, in January 2026, when prices stood around $2.
As the market-wide downtrend persisted into this year, XRP faced intense selling pressure that resulted in a considerable drop in the percentage of supply in profit. Specifically, on Jan. 5, XRP saw 77.25% in profit as the price rose to $2.4.
However, this figure dropped to 60% two weeks later alongside a decline in prices to $2.06 by Jan. 17. When XRP slumped further to $1.99 the next day, the percent of supply in profit also dropped to 56.27%. Since then, the metric has continued to decline, slipping below 50% by the end of January.
For three months, the percent of XRP supply in profit remained under 50% despite not recording steeper declines. This bearish trend persisted as the XRP price stayed below $1.50.
The metric finally recovered above 50% as XRP’s price hit $1.47 in May. However, this uptrend did not last, leading to a drop toward the 37% low in August, right before XRP’s price recovery resulted in the latest push back above 50%.
The cryptocurrency market slipped into negative territory in early Wednesday trading, as investors awaited upcoming economic reports that could shape sentiment. Market volatility resulted in $607.18 million in liquidated crypto positions, with a pronounced skew toward longs accounting for $541.14 million, while shorts were responsible for $66.22 million.
XRP and major altcoins fall amid broader selloffXRP posted a 3.48% drop over the last 24 hours, trading at $1.44 during the session. Other leading cryptocurrencies experienced even steeper losses, with Ethereum, Dogecoin, Cardano, Uniswap, and Shiba Inu falling between 6% and 11% as the market downturn intensified.
The swift decline caught many XRP investors off guard, particularly those in leveraged long positions. The scale of liquidations indicated that market participants had largely been positioned for further upside, only to be forced out by the rapid drop in prices.
XRP experienced $12.5 million in liquidations in the past 24 hours, with long positions bearing most of the losses, totaling $11.96 million, compared to just $540,210 for shorts. The imbalance reached 2,213%, underscoring the vulnerability of bullish traders during the market reversal.
Liquidation imbalance reveals market leverageThe pronounced 2,213% liquidation imbalance between long and short XRP positions highlighted the extent to which bulls dominated recent market activity. As the broader crypto market shifted lower, leveraged long positions faced forced liquidations, resulting in rapid position closures.
For many market watchers, this substantial disparity pointed to an over-leveraged environment, where optimism about further price increases exposed traders to significant risk when momentum shifted the other way.
Asset24h Liquidations (Total)Longs LiquidatedShorts LiquidatedPrice Change (24h)XRP$12.5 million$11.96 million$540,210-3.48%Crypto Market (Total)$607.18 million$541.14 million$66.22 millionN/AInvestors monitor macro events and network upgradesIn addition to asset volatility, the market’s attention turned to upcoming economic developments. At 2 p.m. ET on Wednesday, the US Federal Reserve will release the minutes from its Federal Open Market Committee (FOMC) meeting, a key event for market participants seeking direction on monetary policy. The September FOMC gathering resulted in the first interest rate hike since 2023. Traders now estimate a 78% probability that the Fed will maintain rates at its next meeting.
On the technical side, three significant amendments—Permissions Delegation, Batch, and fixBatchV1_2—are poised for activation on the XRP Ledger this week if validator support remains above 80%. Permissions Delegation is set for October 8, while fixBatchV1_2 and BatchV1_1 are expected on October 9. These features will only take effect if the threshold for validator backing stays above 80% without interruption; otherwise, the amendments are rejected, and a new 14-day evaluation period begins.
Permissions Delegation, designed for the XRP Ledger, aims to allow accounts to delegate certain transaction permissions without transferring full control. Batch and fixBatchV1_2 amendments focus on enhancing efficiency and addressing bugs related to batch transactions.
Mini dictionary: XRP Ledger Amendment, a formal upgrade proposal requiring validator majority for changes to the protocol, ensuring community agreement before new features are activated.
Evernorth plánuje kvůli administrativnímu zpoždění vstoupit 12. října na burzu Nasdaq pod tickerem XRPN; po fúzi s Armada má držet přibližně 473 milionů XRP.
Evernorth postponed to October 12 the expected start of its listing on Nasdaq under the symbol XRPN, due to an administrative delay. This schedule coincides with two major upgrades of the XRP Ledger, but their activation does not guarantee an increase in XRP, which is trading around $1.46.
In brief Evernorth postpones to October 12 the expected start of its Nasdaq listing under the symbol XRPN. The company is expected to hold approximately 473 million XRP after its merger with Armada. Two major upgrades of the XRP Ledger are expected around October 8 and 9. XRPN will offer indirect exposure to XRP, without equating a direct purchase of the token. The impact on the XRP price will mainly depend on future Evernorth purchases and the actual adoption of new functions. XRP and Evernorth: key dates to watch Shareholders of Armada Acquisition Corp. II approved their merger with Evernorth on September 30. The deal was initially expected to close on October 7, with trading under the symbol XRPN starting the next day.
However, Evernorth announced a slight delay. The company now plans to close the transaction on October 9 and start its listing on October 12. These deadlines remain subject to usual conditions and final Nasdaq approval.
Several events are concentrated over a short period :
The merger between Evernorth and Armada is to be finalized around October 9 ; XRPN stock should begin trading on Nasdaq on October 12 ; Evernorth is expected to hold around 473 million XRP at the time of the transaction ; The company is expected to receive nearly $300 million in gross cash ; Two amendments to the XRP Ledger could be activated on October 8 and 9. Evernorth attributes this schedule change to “an administrative delay that should not affect the closing”. According to the company, it is therefore not a challenge to the deal. However, the postponement reduces the calendar effect highlighted by investors who were expecting multiple simultaneous catalysts.
Evernorth will offer indirect exposure Evernorth intends to become the largest publicly traded company exclusively focused on an XRP treasury. Unlike a company that merely holds its cryptos, it plans to deploy part of its assets into yield strategies, infrastructure, and activities related to the ecosystem.
Its founder, Asheesh Birla, states he wants to build “an actively managed XRP treasury, with the transparency and governance required by public markets”. Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital are among the announced investors.
However, buying an XRPN share will not correspond to directly acquiring XRP. Investors will be exposed to a company owning the token, but also to its fees, governance, allocation choices, and stock market valuation fluctuations.
The listing will not necessarily trigger new purchases equivalent to the expected 473 million XRP. A significant part of this reserve comes from contributions already made in kind. The future effect on demand will mainly depend on the use of the $300 million raised and Evernorth’s treasury decisions.
Two upgrades expected on the XRP Ledger The XRP Ledger is concurrently preparing conditional activation “of PermissionDelegationV1_1 and BatchV1_1”. These amendments must maintain the required support from validators during their entire approval period.
PermissionDelegationV1_1 will allow an account to grant specific permissions to another address without giving full control of its keys. A company could, for example, authorize an operator to perform certain predetermined payments or operations.
This function can facilitate the separation of responsibilities and access control. However, official documentation recommends not to temporarily delegate the PaymentBurn permission until a complementary fix is activated. Other granular permissions are not affected by this warning.
BatchV1_1 will allow grouping up to eight transactions. Depending on the chosen mode, they may be executed entirely or canceled together if one fails. This mechanism can simplify atomic swaps, delivery versus payment settlements, and certain operations on tokenized assets.
XRP still has to break its resistance XRP is trading near $1.46 after a drop of more than 2% in 24 hours. The $1.55 zone constitutes the main short-term resistance, while the $1.45 level serves as the first benchmark in case of a pullback.
A successful Evernorth listing would broaden stock market access to the XRP ecosystem. The new ledger functions could also improve its institutional use. However, none of these events guarantees an immediate demand for the token.
The market will mostly watch later Evernorth purchases, XRPN trading volume, and the actual use of new network features. Without measurable flows or concrete adoption, these announcements could have limited effect on the price.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The XRP community is on alert over a new wave of unidentified projects requesting users' private keys to connect to decentralized applications.
The warning comes amid the rise of so-called "vibe-coded" projects, where applications can be created and deployed quickly by developers whose identities or security practices may be difficult for users to verify.
Along these lines, Robert Kiuru, COO at XRPL Labs and Xaman, shared a strong warning to the XRP community, urging them never to share their private keys under any circumstances. "Your keys are the keys to your kingdom. Keep them private, secure and never enter them anywhere," Kiuru wrote.
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NEVER SHARE YOUR PRIVATE KEYS, UNDER NO CIRCUMSTANCES. YOUR KEYS ARE THE KEYS TO YOUR KINGDOM. KEEP THEM PRIVATE, SECURE, AND NEVER ENTER THEM ANYWHERE.
— Robert @XamanWallet (@robertkiuru) October 7, 2026 An X user, Jenna, pointed out that some vibe-coded XRPL projects with unknown developers are asking users to enter their private keys for Xaman Wallet as a way to connect to their site/app, urging them never to enter their private keys in a random app, with Kiuru engaging with this post.
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This warning, however, extends beyond a single application or project. As development across the XRPL ecosystem accelerates, users may encounter an increasing number of new decentralized applications, making basic wallet security practices increasingly important.
XRP Ledger eyes major developmentsThe warning remains significant as XRP Ledger eyes key developments in the days ahead.
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At the recently concluded XRP Seoul 2026 event, builders shared how they are creating real-world utility on the XRPL, from risk management and RWA to onchain finance.
Through the "Permission Delegation" feature, DeFi activity will run directly on XRPL. Users can borrow XRP from Ethereum liquidity pools, receive RLUSD, and bridge it back to XRPL. The vaults are expected to grow across the ledger.
The native compliance and low settlement costs of the XRPL are making it the choice of institutional builders over general-purpose chains.
Complete on-chain transparency has, however, been a barrier for traditional finance, and to solve this, the XRP Ledger is introducing "confidential transfers" powered by Zero-Knowledge Proofs (ZKPs).
Brevan Howard si vybral Ripple Prime pro služby prime brokerage, clearing a financování napříč tradičními i digitálními aktivy. Využití XRP, RLUSD či XRP Ledgeru nebylo potvrzeno.
Brevan Howard, a global alternative investment manager overseeing approximately $35 billion in assets, has selected Ripple Prime as its provider for multi-asset prime brokerage, clearing, and financing services spanning both traditional financial and digital asset markets. This deepening partnership follows Brevan Howard-affiliated funds’ participation in Ripple’s $500 million strategic investment round scheduled for 2025.
Ripple Prime’s Platform ExpansionRipple Prime emerged as a result of Ripple’s $1.25 billion acquisition of Hidden Road, which granted Ripple ownership of a global multi-asset prime brokerage business. Today, Ripple Prime processes over $3 trillion in annual clearing volume, serving more than 300 institutional clients. Its platform extends across digital assets, foreign exchange, fixed income, derivatives, swaps, and precious metals.
While the acquisition established potential bridges between global financial markets and Ripple’s blockchain solutions, using Ripple Prime is not synonymous with mandatory exposure to XRP in every transaction. The company has explicitly stated that its platform includes support for a wide array of digital assets, as well as conventional investment products.
Uncertainty Over Specific Asset UsageDespite the expansion of this business relationship, Ripple has not specified which assets Brevan Howard will trade through Ripple Prime, nor whether transactions will utilize the XRP Ledger, XRP itself, or RLUSD. Ripple Prime’s US spot brokerage now features both XRP and RLUSD among its offerings, and Ripple has previously discussed their use as institutional collateral. However, the company has yet to confirm the exact mechanisms that Brevan Howard will employ under its new mandate.
Ripple emphasizes its institutional services by stating that both XRP and RLUSD form the foundation of its wider institutional capabilities, and that Ripple Prime is adapting its platform to incorporate blockchain-powered settlement infrastructure for its clients.
This integration opens up several potential avenues for institutional exposure to XRP, including settlement, collateralization, liquidity, or market transfer. Still, none of these routes have been specified in the context of Brevan Howard’s activities with Ripple Prime.
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Stablecoin Growth and RLUSD’s RoleIndustry analysts point to RLUSD as the digital asset with the clearest near-term prospects among Ripple’s offerings. Stablecoin liquidity on the XRP Ledger has recently achieved approximately $1.3 billion, with RLUSD accounting for over 90% of this figure. Ripple continues to develop institutional credit markets anchored in RLUSD and the XRP Ledger ecosystem, targeting increased adoption from institutional clients seeking stable liquidity options.
Despite Ripple’s growing integration of blockchain settlement tools and a diverse range of digital assets, Brevan Howard’s specific use of XRP, RLUSD, or direct blockchain settlement through the XRP Ledger has not been confirmed and remains subject to further disclosures.
On October 6, 2026, Flare announced that Firelight Protocol was live with aggregate staked positions capped at $115 million in $XRP. The launch puts staked FXRP behind cover for Sentora’s USD Protected Vault and Protected RWA Vaults. Sentinel Labs develops and maintains Firelight, while Sentora incubated it.
Firelight pools the capital for every covered vault in one Firelight Vault on Flare. Stakers deposit FXRP into that vault, and the pooled capital backs the full portfolio of coverage elected by participating operators. The capital sits outside the protocols it covers. Stakers receive emissions for supplying it, but their principal and compounded rewards can be slashed when a covered loss is approved.
The initial deployment embeds cover in two Sentora products. The USD Protected Vault allocates across dollar-denominated strategies on established DeFi protocols. The Protected RWA Vaults use strategies around real-world assets, including lending and leveraged looping in markets that accept those assets as collateral. Their underlying strategies continue to run as before. Firelight adds cover against defined protocol failures at the deposit level.
That structure removes a separate purchase step for depositors. A user entering a covered vault receives its protection under terms registered onchain. The user does not need to compare and buy an individual policy. The operator selects the coverage, while Firelight records its scope, parameters, price and capacity.
What the cover can pay for The published launch details name smart contract exploits, oracle failures, governance exploits, bad debt, mechanism-driven depegs and redemption failures as covered event categories. An event still has to satisfy the terms set for the affected vault. Firelight describes the product as coverage rather than insurance.
A payout begins with identifying every eligible active position in the affected market. ZeroShadow, Firelight’s designated security partner, then publishes an exploit report. A five-firm Risk Consortium independently checks the event, confirms the loss and publishes an onchain attestation. Its members are Hypernative, Native, Credora, Cyfrin and GFX Labs. The protocol cannot release a payout until the consortium authorizes the event against the published coverage criteria.
This creates a defined claims path, but it also puts a practical condition on protection. A vault label alone does not determine whether a loss qualifies. Users need the registered terms for that vault and the consortium’s eventual attestation. Operators need to keep the advertised risk scope consistent with the parameters recorded onchain.
Veda and Upshift are integrating Firelight at their infrastructure layers. Operators building on either platform will be able to switch on protection for their own vaults while drawing on the same Firelight Vault. That shared pool is the mechanism Firelight is using to extend capacity beyond the first Sentora products.
For an operator, enabling the integration does not make every loss payable. The operator still needs to select cover with a stated scope, price and capacity. Its users remain subject to the event categories and criteria recorded for that vault. The shared-pool design also connects operator demand to available staker capital. Adding a vault consumes capacity from the same pool that supports existing products, rather than creating a ring-fenced reserve for the new strategy. That makes the registered capacity a practical constraint for both vault marketing and deposit limits.
For depositors, the relevant comparison is between the vault’s published protection and its underlying strategy risk. Firelight can cover the named protocol failures, but the launch does not say that every investment loss or market move qualifies. The consortium’s review and attestation determine whether a reported event meets the terms before capital can be released.
How $XRP enters the protection pool $XRP holders can supply the pool through Flare Smart Accounts. A holder connects a supported XRPL wallet and selects the mint-and-deposit flow. The wallet sends $XRP on XRPL with the instruction attached. Flare’s Data Connector verifies the transaction, FAssets mints FXRP at a 1:1 representation on Flare, and the system deposits the FXRP into Firelight. The holder receives stXRP in a smart account controlled by the originating XRPL address.
The flow does not require the user to hold $FLR. Fees are charged in FXRP. Protocol emissions also stream in FXRP, including fees that operators pay in $USDC and that the system converts before adding them to a staker’s position. Firelight says emissions follow protocol revenue, so the amount available to stakers rises as operators enable more cover.
The return comes with direct exposure to covered losses. The staked deposit has no Firelight cover of its own, and slashing applies to accrued rewards as well as principal. Depositing through a Flare Smart Account also adds contract exposure to the account, FAssets and Firelight layers. Firelight lists OpenZeppelin, Coinspect and 0xMacro as contract auditors and says it completed a public Immunefi bug bounty, but it also states that contract risk remains.
Withdrawals are not immediate. Stakers initiate an exit through the web application and wait through the unstaking period. As cover becomes active, that window increases to match the 30-day coverage periods. A completed withdrawal returns FXRP, which the holder can redeem to $XRP at the XRPL address that opened the position. For allocators, the exit delay and slashing exposure are part of the yield calculation rather than operational details.
Capacity and the open question Flare says capital backing onchain cover equals about 0.14% of nearly $100 billion in DeFi. Firelight starts with a $115 million cap in $XRP on aggregate staked positions. The cap limits the capital available to support the first portfolio, while the exact protection available to each vault depends on its registered capacity and terms.
The broader integrations could add more covered vaults without creating separate capital pools. That may improve capital use, but it also means the same staker pool can stand behind a wider portfolio of risks. The unresolved point is how Firelight will price and allocate capacity as Veda and Upshift operators join, especially when several covered vaults depend on the same protocol, oracle or collateral. Firelight has not published that portfolio-level concentration detail in the launch announcement.
Grayscale adds Anchorage Digital to its XRP ETF custody setup and enables in-kind GXRP creations and redemptions using XRP alongside cash orders.
Grayscale has expanded the operating setup of its XRP ETF, allowing certain institutional participants to move XRP directly into and out of the fund while also adding Anchorage Digital Bank as another custodian.
The changes give the Grayscale XRP Trust ETF (GXRP) more flexibility in how shares are created, redeemed, and backed by XRP.
Grayscale’s Oct. 5 prospectus update adds Anchorage Digital Bank as an additional custodian for GXRP and allows eligible Authorized Participants to create or redeem ETF shares directly with XRP. Source: Grayscale/SEC. The update appears in an Oct. 5 prospectus supplement and related SEC filing. The changes were put in place after agreements signed on Sept. 29. GXRP trades on NYSE Arca.
GXRP Can Now Accept XRP Directly The biggest change concerns how new ETF shares can be created and existing shares redeemed.
GXRP previously relied on cash orders. Under that structure, an Authorized Participant provided cash rather than delivering XRP directly.
Now, eligible Authorized Participants or their designated firms can submit in-kind orders. For a creation, XRP is transferred directly to the trust and corresponding GXRP shares are issued.
For a redemption, the process works in reverse, allowing XRP to leave the trust in exchange for redeemed shares. Cash orders remain available.
This does not mean ordinary GXRP shareholders can take their shares to Grayscale and withdraw XRP.
The in-kind mechanism operates through Authorized Participants. Grayscale’s filing names Macquarie Capital (USA) and Virtu Americas among firms whose agreements were amended to support the process.
For XRP, the change is notable because the primary-market process can now involve the asset itself rather than requiring every creation or redemption to begin with cash.
Anchorage Digital Added Alongside Coinbase Custody Grayscale also added Anchorage Digital Bank as an additional custodian for GXRP’s XRP holdings.
Coinbase Custody remains the fund’s primary custodian, so Grayscale is not replacing its existing custody arrangement. Instead, the sponsor can divide XRP between the two custodians at its discretion.
Grayscale has not yet disclosed how much XRP it intends to move to Anchorage.
The filing says XRP held with Anchorage is expected to remain in cold storage, although some tokens may temporarily move through hot wallets when needed for creations, redemptions, or trust expenses. Grayscale described the extra custodian as part of its risk-management approach as the trust grows.
The two changes affect different parts of GXRP’s infrastructure: Anchorage expands custody options, while in-kind creation and redemption changes how institutional participants can move XRP against ETF shares.
Objem futures na XRP v září dosáhl šestiměsíčního maxima; Binance vedla s 32,36 miliardy USD, následovaná Bybit s 12,5 miliardy USD a OKX s 11,32 miliardy USD.
XRP continues to gain momentum across both its spot and futures markets as trading activity across both markets is also on the rise.
As the trend progresses, the latest onchain data from CryptoQuant shows that the XRP futures market has recorded strong trading activity throughout September.
While this signals sustained interest from traders and liquidity in the derivatives market, it has drawn attention from market watchers as it paints a bullish picture for the asset.
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XRP futures hit 6-month highAccording to the data, XRP futures volume across all major exchanges has continued to increase since August. As such, its futures activity has remained among the highest levels recorded over the past six months.
While the strongest XRP futures growth was witnessed last month, the analyst revealed that September's increase compared with August suggests that traders remained highly active despite futures volumes gradually retreating from earlier record levels.
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With XRP seeing sustained activity in its derivatives market, it appears that demand for leveraged XRP exposure and active positioning among market participants has persisted.
While its futures volume has spiked notably over the past months, this propels XRP toward greater liquidity while positioning its price for upside momentum.
Binance takes dominance Amid the surge in futures activity, the data shows that Binance led all major exchanges in the XRP futures surge in September, recording about $32.36 billion in trading volume.
Meanwhile, Bybit followed closely with about $12.5 billion, while OKX also saw sustained activity, recording $11.32 billion during the month.
Ripple Custody nasazuje službu Gas Station, která automaticky odesílá XRP ze sponzorského účtu k úhradě transakčních poplatků klientů v síti XRP Ledger.
Institutions that hold stablecoins or tokenized assets on the XRP Ledger face a small but real problem: every transaction needs a little XRP to pay the fee. Ripple Custody’s documentation describes a tool built to remove that problem, and it treats XRP as the fuel for those accounts.
What the tool does
The feature is called Gas Station. According to the documentation, Gas Station pays transaction fees for “sponsored” accounts. A firm funds one sponsor account with the network’s native token. When a client account needs to transact but has no native token, the sponsor account sends it the required amount.
On the XRP Ledger, that native token is XRP.
Why institutions would want it
A bank or fintech may hold RLUSD or tokenized assets for thousands of clients. Without a tool like this, each client account would need its own XRP balance just to move funds.
Gas Station uses “just-in-time” funding. It sends XRP only when a fee is actually due, so firms do not have to pre-fund every account. The documentation says this cuts “operational friction” for users who hold non-native tokens.
How it works, step by step
The system detects that an account needs fee funding.It checks whether the account is sponsored, either directly or through its domain.It estimates how much native token is required.The sponsor account sends that amount to the client account.The activity is recorded for audit and monitoring.If no sponsor is found, the transaction waits for manual funding.
Not only XRP
Gas Station is not limited to the XRP Ledger. It also supports Solana, Tron and EVM-compatible networks, and uses each chain’s own token for fees. A sponsor account can only fund accounts on the same network.
What changed in the latest release
Earlier versions used a dedicated “bot user” to sign funding transactions. The current release switches to system-signed intents, where the service authenticates through the firm’s identity provider and holds no user signing key. Existing deployments must set this up or automated funding will stop.
What it means for XRP
The tool gives XRP a working role inside Ripple’s institutional custody product. Every sponsored XRPL transaction needs XRP, and XRPL fees are burned when paid.
The effect on demand should be kept in perspective. A standard XRPL transaction costs a fraction of a cent, so the amount of XRP involved is small. The feature shows how XRP is used in practice more than it changes the token’s supply and demand.
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Společnosti Ripple, Circle, QRT a SC Ventures investovaly do burzy OKX při ocenění před investicí ve výši 25 miliard USD. Výše nových investic nebyla zveřejněna.
Ripple, a blockchain firm, has continued its string of investments in the crypto space, becoming part of the consortium of big names investing in crypto exchange OKX.
OKX revealed on Tuesday that the firm had secured investments from Ripple, stablecoin behemoth Circle, quant investment firm Qube Research and Technologies (QRT), and SC Ventures, the VC arm of Standard Chartered. It did this at a valuation of $25 billion (pre-money). Details on the latest investment in the exchange are, however, not disclosed.
The exchange's new round of investment is an extension of its previous funding round. This previous round was led by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. In March, ICE had invested about $200 million in OKX. The valuation then was $25 billion.
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OKX CEO and founder Star Xu revealed that the company did not look for new investors due to a shortage of funds. The company had sought strategic investors aligned with its vision in stablecoins, payments, institutional markets, and financial infrastructure.
OKX is trying to move beyond being a crypto exchange and become a financial technology platform. This platform links crypto markets to traditional finance.
Ripple's investment blitzRipple's investment in OKX is the latest in a string of strategic investments the firm has been making in its bid to expand into the institutional financial market and tokenization.
In August, for instance, the firm announced an investment in two firms: ZILO and Licuido. These firms are focused on digital capital market infrastructure.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A leadership change has taken place in the most tangible segment of the real-world asset (RWA) tokenization market. XRP Ledger (XRPL), long viewed primarily as a network for cross-border interbank settlements, has officially overtaken Ethereum in the growth of tokenized commodity market capitalization.
Joint data from analytics platforms Token Terminal and RWA Foundation for October 2026 recorded this tectonic shift: since the start of the year, net capital inflows into tokenized commodities on XRPL totaled $2.2 billion. Ethereum attracted $1.6 billion over the same period, moving into second place.
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Other major L1 networks fell well behind the market leaders: Avalanche ranked third with $334.5 million, followed by BNB Chain with $57.5 million.
Why industrial businesses are choosing XRPL over EthereumThe shift in leadership is driven by fundamental differences in the networks' architecture. Unlike Ethereum, where issuing assets involves unpredictable gas costs and requires developers to write complex smart contracts, XRP Ledger lets users tokenize real-world assets at the protocol level. Its built-in IOU mechanism reduces transaction costs to fractions of a cent, while settlement takes just 3–5 seconds.
XRP Ledger leads YTD tokenized commodity market cap growth, ahead of Ethereum, Source: RWA Foundation / Token TerminalThe main driver that enabled XRPL to overtake Ethereum was the energy sector. The largest share of liquidity came from the launch of tokenized electricity-generation contracts, JMWH, by Latin American company Justoken.
Where the new money is goingAccording to on-chain data from RWA.xyz as of October 5, 2026, XRPL's rise to the top triggered a sharp increase in activity across the network:
Monthly RWA transfer volume increased more than 224-fold, reaching a record $7.03 billion.The total value of represented assets (Represented Asset Value) rose 56% in 30 days to $4.52 billion.XRPL's stablecoin market capitalization reached $1.25 billion, largely thanks to the integration of the new native token RLUSD. Monthly stablecoin turnover totaled $5.01 billion. You Might Also Like
Alongside the commodities market, major players from adjacent RWA sectors are beginning to adopt XRPL infrastructure. The ecosystem now includes investment fund Franklin Templeton ($48.3 million), platform Ondo Finance ($187.5 million), and Middle Eastern developer DAMAC, which tokenized pools of ownership stakes in premium Dubai real estate projects Park Ridge Tower, Prive, and J One.
Ethereum retains global dominance in the total value of RWA assets locked, primarily thanks to U.S. government bonds. But in physical goods and commodities, industrial capital has shown a clear preference for Ripple-backed technology.
$XRP has reclaimed the top spot on South Korean crypto exchanges, with the latest data showing the token overtaking Bitcoin in trading volume days after the XRP Seoul 2026 conference wrapped up in the capital.
The move extended a pattern that has become a regular feature of Korean markets.
XRP Seoul 2026 and Institutional Interest The event drew some of the country's most prominent financial names.
XRPL Activity and a Note of Caution Beyond trading volumes, on-chain activity on the XRP Ledger has also been growing. AI infrastructure startup t54.ai reported more than 12 million XRPL robot transactions, pointing to expanded programmatic use of the network beyond simple retail trading.
Analysts caution, however, that the confluence of institutional interest, conference momentum, and on-chain metrics does not automatically translate into sustained token demand. High trading volume can reflect speculative positioning as much as genuine adoption. For now, South Korea remains one of the most closely watched markets for clues on where $XRP moves next.
Sources:
CoinDesk: XRP tops Bitcoin, Ether volumes on major South Korean exchanges
Startup Fortune: Korean Banks Show Up in Force as Ripple Headlines XRP Seoul 2026
Bitcoin Haber: XRP Overtakes Bitcoin and Ethereum in South Korean Trading Volume
In This Article What Changes in the CPOOL-to-CLEAR Migration?More Ledger Utility Does Not Automatically Mean More XRP Ripple DemandWhat Would Make the XRP Catalyst Stronger? Clearpool holders approved an expansion to the XRP Ripple Ledger with 97% support, backing a one-for-one conversion from CPOOL to the new CLEAR token.
But the institutional credit product tied to the move lends and repays in RLUSD, not XRP-a distinction that could lift activity on the ledger without creating much direct demand for XRP.
Governance vote passed ✅
The Clearpool community has approved expansion to the XRP Ledger and the 1:1 migration of CPOOL → CLEAR with 97.16% in favor.
Migration is targeted for Q4. More details on next steps to come 🙏 pic.twitter.com/fyb7hcg5eB
— Clearpool (@ClearpoolFin) October 5, 2026
According to multiple reports, the migration was reported on October 5, 2026, with the transition expected in the fourth quarter. XRP was about $1.51 that day, up 0.8% over 24 hours and 1.9% over seven days.
Clearpool is adding credit infrastructure to XRPL, but the announced product’s dollar-based settlement does not require borrowers to use XRP Ripple tokens, a caveat that investors should be taking note of.
What Changes in the CPOOL-to-CLEAR Migration? CPOOL, Clearpool’s token, will convert to CLEAR at a 1:1 ratio on the XRP Ledger, with an initial circulation of 1.1 billion CLEAR tokens. The token migration changes how transactions are recorded but does not affect Clearpool’s borrowers or loan sizes, as the Ethereum marketplace will continue to operate alongside the XRPL expansion.
Clearpool partners with Ripple and Cicada Partners: Clearpool provides lending infrastructure, Cicada assesses borrowers, and Ripple is a limited partner without loss guarantees. Target borrowers include fintechs and payment processors seeking working capital. Since 2021, Clearpool has facilitated over $930M in loans, while Cicada has underwritten over $ 860M.
Loans are processed in RLUSD, a dollar-pegged stablecoin, with XRP used for network fees that are burned. Clearpool plans to allocate half of its protocol fees to buy back and burn CLEAR, benefiting CLEAR holders but not creating direct demand for XRP. The distinction between RLUSD usage and XRP demand is significant, as using a dollar stablecoin does not equate to needing XRP for loans.
🔥 CLEARPOOL EXPANDS TO XRPL 🔥
Clearpool’s community has approved its expansion to the XRP Ledger with 97.16% support, alongside the migration from CPOOL to CLEAR.
Another institutional credit project is moving toward XRPL.
The infrastructure keeps expanding. pic.twitter.com/Du2sXKTzyC
— John Squire (@TheCryptoSquire) October 6, 2026
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More Ledger Utility Does Not Automatically Mean More XRP Ripple Demand Clearpool’s governance forum describes the XRPL initiative as part of a broader move toward institutional credit, with the lending infrastructure still subject to technical rollout. Its proposal says the product was being tested on XRPL Devnet and that the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol were in the amendment process. Those details make execution-not just the vote-an important part of the story.
For the XRP price case, the primary article’s October 5 snapshot provides difficult context: XRP was down 50% over the prior year and about 59% below its reported $3.65 all-time high from July 2025. It put XRP’s market capitalization near $95 billion, with approximately 63.1 billion tokens circulating against a maximum supply of 100 billion.
A project migration alone is a small demand signal for an asset of that scale. The primary article also notes that Ripple continues to release XRP from escrow reserves over time, another supply factor investors may weigh alongside any new demand.
XRPL activity and XRP demand are related, but they are not interchangeable. The use of RLUSD across Ethereum and the XRP Ledger helps illustrate why a stablecoin can support ledger activity without making XRP the principal asset in a transaction.
(SOURCE: DefiLlama)
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What Would Make the XRP Catalyst Stronger? Bull case: Future Clearpool or Ripple products could use XRP as collateral, require XRP liquidity, or connect currencies through XRP. Those uses would create a more direct link between credit activity and demand for the token, but the current RLUSD-denominated product doesn’t establish them.
Base case: The migration brings a credit platform and more RLUSD activity to XRPL, while XRP’s role remains mainly transaction fees. In that scenario, the ledger gains utility but the price effect stays limited.
Bear case: Loans remain in RLUSD and protocol-fee buybacks support CLEAR, leaving little incremental reason for borrowers or lenders to hold XRP. That would reinforce the distinction between network growth and token demand highlighted by XRP Ledger activity and demand for XRP.
The 97% vote is meaningful evidence that Clearpool intends to expand institutional credit on XRPL. It is not, on its own, evidence of a strong XRP-price catalyst: the announced loans use RLUSD, while the planned fee buybacks target CLEAR.
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BlackRock nadále neplánuje spotový XRP ETF, přestože sedm konkurenčních amerických ETF drží aktiva v hodnotě zhruba 1,77 miliardy USD, což odpovídá 1,9 % oběžné nabídky XRP.
BlackRock, the asset manager overseeing roughly $15 trillion, still has no plans to launch a spot XRP ETF. The firm first said so in August 2025 and has held that position through late September 2026.
A recent Motley Fool analysis argues that BlackRock’s absence is reason enough to be bearish on the token for now.
What BlackRock has actually said In August 2025, after Ripple’s long-running lawsuit with the SEC was resolved, the firm said it had no plans for either an XRP or a Solana ETF. The firm has kept its crypto ETF lineup focused on Bitcoin and Ethereum, two markets where it has launched products and now dominates in the US.
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In September 2025, Robbie Mitchnick, BlackRock’s head of digital assets, laid out a five-factor framework the firm uses to evaluate new crypto ETFs. Those factors are client demand, market value, liquidity, maturity and portfolio fit. Mitchnick ranked client demand as the most important of the five.
By BlackRock’s own criteria, XRP does not currently clear the bar. The firm appears to view the token as falling short on market maturity, liquidity and fit within client portfolios.
The XRP ETF market is moving on without it Seven US issuers have already launched spot XRP ETFs. As of September 25, 2026, those funds collectively held around $1.77 billion in assets. That works out to approximately 1.18 billion XRP tokens, or about 1.9% of the token’s circulating supply.
The Ripple connection that isn’t an XRP connection BlackRock accepts Ripple’s RLUSD stablecoin as collateral in BUIDL, its tokenized Treasury fund. RLUSD is a dollar-pegged stablecoin, designed to hold a steady value. XRP is a volatile crypto asset whose price moves with the market. Accepting the first as collateral says nothing about launching an ETF built on the second.
Why the Motley Fool analyst is bearish BlackRock’s absence from the XRP space is reportedly contributing to a more cautious market outlook on the token compared with Bitcoin and Ethereum. If the largest asset manager on the planet keeps looking at XRP and deciding its clients don’t want it, that is a signal other institutions may notice.
What this means for XRP investors The roughly $1.77 billion already sitting in rival XRP ETFs is a live experiment in whether the token can attract steady institutional flows without BlackRock’s brand attached. If those seven funds keep growing, it would feed directly into the client demand metric that Mitchnick says matters most to BlackRock.
The key data points to track are assets under management across the seven existing XRP ETFs, any change in BlackRock’s public language on the token, and whether the circulating supply share held by ETFs climbs meaningfully above its current 1.9%.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Objem plateb na XRP Ledger za posledních 24 hodin vzrostl o 386 % na zhruba 583,3 milionu XRP, stále však zůstává pod 30denním průměrem 638 milionů XRP.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP Ledger activity has staged a sharp comeback, with payment volume surging 386% over the latest 24-hour period. The rebound brings daily payment volume to approximately 583.3 million XRP, suggesting that network activity is recovering rapidly after a particularly weak reading.
Payments volume in the normal rangeAccording to XRP Ledger data, the current figure remains slightly below the 30-day average of roughly 638 million XRP. A 386% daily increase looks enormous primarily because activity rebounded from an unusually low base. Still, the recovery puts payment volume much closer to its recent normal range.
Source: XRP LedgerThe one-year chart also shows how volatile this metric can be. XRP Ledger has repeatedly recorded daily payment volumes above one billion XRP, with several spikes exceeding two billion. The all-time high stands near seven billion XRP. Consequently, the latest 583 million reading does not represent an exceptional level historically, but the speed of the rebound is notable.
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The next question is whether the recovery can persist. A sustained move above the 638 million 30-day average would provide stronger evidence that transactional activity is accelerating rather than simply normalizing after a weak session. Returning above one billion XRP would make the change considerably more significant.
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Meanwhile, XRP's price is holding relatively firm at approximately $1.51. The asset continues consolidating following September's breakout, when it surged from around $1.30 toward $1.60. Recent price action has formed a relatively narrow range around $1.48–$1.53, despite several failed attempts to resume the rally.
XRP is in comfort zoneTechnically, XRP is doing just fine. XRP trades above its rising short-term moving average around $1.45 and comfortably above the major longer-term averages concentrated around $1.35–$1.40. RSI remains in neutral-to-bullish territory rather than signaling an overheated market.
For another expansion, XRP needs to reclaim approximately $1.55 before challenging the major $1.60–$1.65 resistance region. Conversely, losing $1.45 would materially weaken the current setup.
The 386% payment-volume recovery therefore adds a positive on-chain signal, but one day does not establish a trend. Sustained volumes above the 30-day average would provide much stronger confirmation that XRP Ledger activity is genuinely gaining pace.
XRP is currently trading close to $1.50, reflecting a drop of about 49% compared to the same period last year. This decline comes even as the XRP Ledger (XRPL) achieves new usage milestones that appear disconnected from the price movement of the XRP token.
XRPL network processes $1 trillion in transfersRipple, the blockchain company behind XRPL, reported that the ledger has processed more than $1 trillion in cumulative value between counterparties and handled billions of individual transactions to date. This milestone spotlights the network’s extensive usage over its lifespan, although the figure represents total value transferred, not capital currently held on the platform.
Ripple also noted increased interest from regulated financial institutions in experimenting with tokenized assets on XRPL. At the same time, the network’s stablecoin liquidity continues to grow, and new credit products are under development, highlighting its expansion beyond payment solutions.
Ripple reports that regulated institutions are exploring tokenized assets on the XRP Ledger, while stablecoin liquidity and credit products are expanding across the network.
Expansion into financial asset records and stablecoinsRecent initiatives demonstrate the growing versatility of XRPL. In Brazil, CSD BR, a financial-market infrastructure provider, has begun using XRPL to mirror ownership records for financial assets, starting with shares in the BTG Pactual investment fund. CSD BR manages over BRL 22 trillion in registered assets through its existing systems, which continue to serve as the official source of record.
Mini dictionary: CSD BR is a Brazilian central securities depository that provides infrastructure for financial market operations, including registration and settlement of assets, ensuring transparency and security in the country’s financial markets.
Meanwhile, stablecoins are gaining momentum within XRPL. The total value of stablecoins issued on the ledger recently approached $1.3 billion, with Ripple USD (RLUSD) representing the vast majority of this amount.
MetricValueLifetime value transferred on XRPL$1 trillionStablecoin supply on XRPL$1.3 billionXRP price (current)$1.50XRP price change (1 year)-49%Credit products and implications for XRP demandClearpool, a decentralized lending protocol, is preparing to launch institutional credit products on XRPL. The company stated it has already issued over $965 million in loans across existing platforms and intends to introduce RLUSD-based lending solutions on the ledger.
However, higher activity on XRPL does not directly lead to increased demand for the XRP token itself. Tokenized funds can be transacted on XRPL without participants needing to acquire large XRP holdings. Dollar-based transactions can clear in RLUSD, while XRP’s primary use is for network fees and as a source of liquidity.
The gap between XRPL’s growing network activity and weak XRP price reflects the reality that widespread adoption alone does not automatically drive token demand or appreciation.
This divergence suggests that broader adoption on XRPL must eventually translate into greater liquidity, increased transaction usage, or improved investor outlook if it is to have a meaningful impact on the valuation of XRP.
Ripple [XRP] and XRP Ledger have been two sides of a coin for the longest time. Is that about to change?
Ripple wants XRP to fund payments At XRP Seoul 2026 on 3rd October, Ripple President Monica Long discussed moving customer transaction volume directly onto XRPL. She went on to add that the company wants to expand a payment pilot that runs through the ledger’s DEX. They’d also link the payments business with the lending plumbing being built on XRPL.
The lending part of it all is very important here.
Ripple already has credit pilots in motion, and the proposal is for XRP to be in lending pools that could fund Ripple’s payment customers. With this, the native token would actually be a source of income for the businesses. That’s a very different job from just shuttling money between banks.
Could it move the token’s price? Yes, but also…no.
A very busy ledger and a more valuable token aren’t the same thing, and XRP holders need the second.
Can any of this help XRP? So far, the market isn’t paying for the plan.
At the time of writing, XRP was trading at $1.49; down 1.7% in 24 hours. The token has spent two weeks between $1.47 and $1.55 since going up near $1.65 in late September.
Source: TradingView Pace wasn’t that great either. RSI was near-neutral at 55. Chaikin Money Flow was back at zero after most of September in the red. That implied that while the sellers have been shaken off, the buyers haven’t showed up either.
The derivatives side of things also looked similar.
Source: Coinalyze Open interest (OI) was flat at about $1.45 billion, and funding was back to a mild 0.0079%. This, after a brief negative turn a few days prior.
If Ripple actually turns XRP into loan capital for payment businesses, that could change.
Final Summary Ripple wants to move customer payment volume onto the XRP Ledger in 2027. The native token’s mild reaction proves that traders don’t care enough right now.
Investoři do XRP 1. října realizovali čistý zisk ve výši 258,189 milionu USD, což byla nejvyšší denní hodnota v roce 2026, přestože XRP během seance vzrostlo jen o 0,27 %.
XRP investors recorded a major profit-taking event on Oct. 1, 2026, with the market posting $258 million in net realized profit in a single trading session.
According to Glassnode’s on-chain data, this marked the largest daily realized profit XRP has recorded in 2026. Interestingly, this occurred on a day when XRP saw limited price movement.
For context, XRP gained 0.27% on Oct. 1, closing the day at $1.4934. The price briefly climbed to around $1.51, but the session did not witness any sharp rally or major price catalyst. Despite the quiet price action, investors realized more profit that day than during any other session this year.
What the XRP Realized Profit Shows For the uninitiated, net realized profit shows the difference between what investors originally paid for XRP and the price at which they later sold or transferred their tokens.
As a result, a large realized profit figure does not necessarily mean the asset posted a large daily gain. It could indicate large amounts of XRP changing hands after investors bought the tokens at much lower prices.
This appears to have happened on Oct. 1. Essentially, investors moved large amounts of XRP at a profit while the price traded around $1.50.
XRP Net Realized Profit | Source: Glassnode The $258.189 million figure shows that holders locked in substantial profits even though XRP gained only 0.27% during the session. The profit-taking also added selling pressure around $1.51, which made it harder for the price to move higher.
The XRP Rally in August XRP’s performance in August 2026 helped create the conditions for the October profit-taking. Specifically, XRP gained 36.9% during August, making it the third-best August in the asset’s history. The rally followed a low of $0.98 on Aug. 19.
Investors who bought XRP near the $0.98 August low had built significant unrealized gains by the time the price remained above $1.40 through September and into October.
When XRP moved toward $1.51 on Oct. 1, these investors could lock in gains of more than $0.50 per token. With large amounts of XRP involved, these gains help explain how the market reached $258.189 million in realized profit.
Quiet Trading Came Before the Large Exit Glassnode data shows that XRP’s net realized profit/loss ranged from a low of -$1.575 million to a high of only $8.24 million during the five days before Oct. 1. This suggests that investors were largely holding their XRP tokens during this period until Oct. 1.
The Oct. 1 figure also broke the previous 2026 record, which involved $188.575 million worth of profit on Jan. 5. For context, XRP gained 12.28% that day, with this impressive push setting the stage for the yearly peak of $2.41 the next day.
XRP also recorded several notable realized-profit figures earlier in the year, although none came close to the Oct. 1 reading. The market recorded $70.3 million in net realized profit on March 12. During the August 20-25 recovery period, daily figures ranged between $24.1 million and $69.4 million.
XRPL nasadil devátý Smart Escrow Devnet, což je podle RippleX významný krok k zavedení programovatelných úschov. Migrace WebAssembly z C++ do Rustu zrychlila hostitelská volání o 30 až 50 %.
The XRP Ledger (XRPL) continues its journey toward the deployment of programmable escrow features as developers just deployed the ninth release of the Smart Escrow Devnet.
Mayukha Vadari, a senior software engineer at RippleX and one of the authors of the Smart Escrows proposal, said it's a "big step toward launch." She added that they are still in the process of reviewing and testing the Smart Escrows framework before the release.
"Programmability on the XRPL keeps moving," said Vadari.
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Those who are trying out the Smart Escrow tech would need to update their configurations for the new Devnet.
Big tech overhaulThe ninth release includes a lot of under-the-hood changes. One of the key changes in this release is the full migration of the WebAssembly virtual machine integration from C++ to Rust.
Vadari said this new architecture brings a single point of entry for gas accounting, error handling, and checks. Moreover, this migration improved performance by 30%–50% for every host function call.
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In addition, the developers also updated the names of host functions, fields in the ledger, result codes for the transaction engine, and the entry point for execution with production-ready names.
Smart Escrow explainedThe standard XRPL escrows allow users to lock funds for a certain period of time or wait until some cryptographic condition is met. With Smart Escrow, you can add a small WebAssembly program to the escrow itself.
This program can decide whether to allow the escrow to complete. This gives the opportunity to have much more complex release conditions.
As described in the XLS-100 proposal, Smart Escrows is the initial layer of programmability for the XRP Ledger. Possible use cases for Smart Escrows could include approvals from a notary, holding for compliance reasons, real estate deals, auctions, and other conditional peer-to-peer arrangements.
In theory, the assets can only be released from the escrow if some approval is entered, if some compliance check is fulfilled, or if some external information is provided via an oracle that satisfies certain criteria.
Účast čtyř jihokorejských finančních institucí na XRP Seoul nepotvrzuje, že používají XRP pro vypořádání plateb. Zveřejněné informace neuvádějí konkrétní dohody o vypořádání v XRP ani objemy XRP transakcí.
In This Article What Does the Partnership Actually Mean for XRP Ripple SettlementWhat the Seoul Participants’ Disclosed Activity ShowsWhat Would Confirm Bank-Driven XRP Ripple Demand? XRP Ripple is trading at $1.52 on October 5, as four Korean financial institutions appeared alongside Ripple at XRP Seoul. The event put institutional adoption in the spotlight, but a stage appearance and a Ripple relationship do not prove a bank is buying or settling payments in XRP.
Reports named Woori Bank, Kbank and Kyobo Securities, while leaving the fourth participant uncertain between Jeonbuk Bank and Kakao Bank. Ripple also introduced XRP Asia as a regional initiative to promote the XRP Ledger.
The distinction matters for XRP holders because using Ripple’s products does not necessarily create demand for the token. A Ripple Payments partnership with Jeonbuk Bank, for example, signals use of Ripple’s payment infrastructure, not automatically XRP settlement.
Today in Seoul, at $XRP Seoul with Ripple as title sponsor:
Kbank. Kyobo Securities. Woori Bank. JB Bank.
Four Korean financial firms on one stage, talking cross-border payments and tokenized deposits.
→ JB Bank already settles cross-border payments through Ripple Payments.… pic.twitter.com/XMxswi0tbD
— DexDad (@DexDadHQ) October 3, 2026
What Does the Partnership Actually Mean for XRP Ripple Settlement Ripple payment software can help a bank communicate who should be paid, how much they should receive, and in which currency. That arrangement can operate using conventional money such as dollars, won, or yen, without routing the payment through XRP.
A different model uses XRP as a bridge asset: value is converted from the sending currency into XRP, transferred through the XRP Ledger, then converted into the recipient’s currency. In that setup, XRP is part of the settlement path. Whether that creates meaningful token demand depends on transaction activity and other details, not just a bank’s relationship with Ripple.
According to reports, Ripple Payments may settle using local currencies, Ripple’s RLUSD stablecoin, or XRP. That is why a claim that a bank uses Ripple Payments does not identify which asset it uses.
Similarly, a custodian holding XRP for clients is safeguarding the token, not necessarily using it to settle payments; growth in Ripple’s stablecoin ecosystem also does not, by itself, establish greater demand for XRP.
What the Seoul Participants’ Disclosed Activity Shows The 24/7 Wall St. report noted that Kbank launched a Ripple remittance pilot in April 2026 for the UAE and Thailand, but did not identify XRP as the settlement asset or specify payment volumes.
Jeonbuk Bank uses Ripple Payments for cross-border settlements, but it’s unclear if it was the fourth participant in the Seoul event. Kyobo Life is working with Ripple to settle tokenized government bonds, while Woori Bank collaborates with BDACS, a custodian managing XRP for institutions; neither confirms XRP use in transactions.
These activities involve different aspects of Ripple’s technology and do not provide evidence of XRP’s use as a settlement asset. The disclosures did not confirm any specific XRP settlement agreements or volumes, despite Ripple President Monica Long’s comments on future growth for the XRP Ledger.
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What Would Confirm Bank-Driven XRP Ripple Demand? Listen to what the President of Ripple just said, because she said it calmly and most people will scroll straight past it.
Pools of XRP, loaned into the pool, used as collateral, to fund payments for Ripple's customers.
Her words: payments credit meets the XRP Ledger.
Here is… pic.twitter.com/rAOwzrzi0G
— Jacob Marquez (@JacobMarquez__) October 3, 2026
The event signals public institutional exposure to Ripple-related products, but the XRP Seoul event page cautions that participation alone does not establish a partnership or affiliation. That caveat is particularly relevant to Woori Bank’s BDACS custody connection: the report describes XRP being held for institutional clients, not a Ripple contract or payment route involving the bank.
The report also notes that publicly identified XRP users have largely been payment companies rather than banks, citing Japan’s SBI Remit and its transfers to the Philippines since 2021. That example shows how XRP can be used in payments, but it does not establish that the Korean institutions have adopted the same model.
The clearest evidence would be a formal agreement that explicitly names XRP as the settlement asset and specifies transaction volumes. Payment or wallet data showing actual XRP routing would further strengthen the case.
Until then, Ripple’s institutional footprint is a meaningful development for its business and ecosystem, but it is not a measured XRP-demand catalyst; if the partnerships rely on software, custody, or stablecoins instead, direct demand for XRP remains unconfirmed.
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David Schwartz hájil nízké poplatky v síti XRP Ledger: příjmy z poplatků jsou podle něj ukazatelem tření, které uživatelům dosud nebylo odstraněno. Poplatky se spalují; dosud bylo spáleno 14 403 762 XRP.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ripple CTO Emeritus David Schwartz defended XRP Ledger's near-zero fees in a recent X conversation. An X user asked the Ripple CTO Emeritus for his perspective on XRP Ledger's relatively low fees compared with other Layer 1 blockchains.
According to the X user, investors and analysts increasingly value L1s by fee revenue, and by that metric XRP Ledger looks tiny, because its base fee is a fraction of a cent.
The X user noted that XRP Ledger is different in a way the market overlooks: fees aren't paid to validators; they are burned instead. "So on XRPL, fee revenue is really permanent supply reduction for every XRP holder," he noted.
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On the XRP Ledger, transaction fees are systematically burned, applying deflationary pressure to XRP's permanently capped 100 billion total supply. Since the XRP Ledger's inception, 14,403,762 XRP (0.014% of the supply) has been burned, according to XRPscan data. This low burn rate is due to the relatively low transaction fees.
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The X user suggested the XRP Ledger could consider increasing its transaction fees to generate a greater volume of XRP burned: "validators could vote the base fee up modestly, say 10x or even 100x, and transactions would still cost well under a cent while burn volume rises meaningfully."
The X user asked whether XRP Ledger's near-zero fees matter more for payments and tokenization adoption, with Schwartz justifying the low fees on the network.
XRP Ledger low fees explainedXRP Ledger network's fast and cheap transactions relative to other public blockchains make it particularly attractive for institutional use at scale.
@Holo_Thunder I think fee revenue is a terrible metric since it measures how much friction the chain *didn't* remove. If you represent the people who collect the fees, then fees are great. But what about the people who *pay* the fees? Who cares about their interests?
— David 'JoelKatz' Schwartz (@JoelKatz) October 4, 2026 "I get that cheap, fast settlement is the whole point. But if the market insists on judging chains by fees, is there a case for XRPL leaning into it? Or does near zero cost matter more for payments and tokenization adoption?" the X user asked.
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In response, Schwartz, an original architect of the XRP Ledger, pushed back against using fee revenue to primarily evaluate Layer-1 blockchains, arguing that the metric can overlook the interests of network users.
"I think fee revenue is a terrible metric since it measures how much friction the chain 'didn't' remove," Schwartz said.
"If you represent the people who collect the fees, then fees are great. But what about the people who 'pay' the fees? Who cares about their interests?" Schwartz argued.
XRPL’s stablecoin market capitalization climbed to approximately $1.32 billion as of October 3, according to data from DefiLlama. The figure marks a 14.6% increase over seven days, as $169 million was added to the network’s stablecoin supply. This growth has brought XRPL close to Avalanche and Plasma in the ranking of blockchains by stablecoin capitalization.
RLUSD’s increasing dominanceRipple’s RLUSD stablecoin continues to dominate the XRPL network, representing just over 93% of all stablecoin value held there. Snapshot data for October 3 indicated about $1.24 billion of RLUSD on the ledger, with only minor fluctuations in its share since then. RLUSD’s rise has sharply accelerated in 2024.
In June, XRPL overtook Ethereum as the largest network for RLUSD, with approximately $801 million of the stablecoin held on XRPL at that time. RLUSD circulation has since surpassed $2.4 billion, backed by reserves in excess of $2.53 billion. Ripple stated RLUSD remains fully backed by segregated cash and cash-equivalent reserves and can be redeemed 1:1 for U.S. dollars.
Ripple documentation emphasizes that RLUSD is always backed by segregated, liquid reserves and is available for direct redemption at par value for the U.S. dollar.
The distinction between key components of the network is important: RLUSD is the stablecoin issued by Ripple, while XRP continues as the native digital asset powering the XRP Ledger.
Stablecoin integration and network infrastructureOn XRPL, RLUSD is issued using the ledger’s native token infrastructure. Accounts seeking to hold RLUSD must establish trust lines for the stablecoin, and transactions involving RLUSD settle through the XRP Ledger itself. Additionally, setting up a trust line for RLUSD requires maintaining an XRP account reserve, integrating XRP’s utility into the stablecoin’s circulation mechanics.
Although the growing adoption of RLUSD on XRPL raises overall network activity, each new issuance of the stablecoin does not directly translate to equal demand for XRP. The reserve requirement creates a connection but not a one-to-one correlation between RLUSD’s growth and XRP’s transactional demand.
Mini dictionary: DefiLlama – A leading data platform tracking decentralized finance metrics, including blockchain TVL (Total Value Locked) and stablecoin capitalization across protocols.
Shifting usage on the XRP LedgerCoinpaper previously reported that the introduction of RLUSD, alongside assets like FXRP and native lending solutions, is expanding XRPL’s role beyond traditional payments. The latest stablecoin growth further supports this trend, as the network now hosts substantial dollar-denominated liquidity in tandem with XRP settlement functions.
BlockchainStablecoin Supply (Approx.)Main StablecoinRecent 7-Day ChangeXRPL$1.32 billionRLUSD+14.6%AvalancheNear XRPL levelVariesN/APlasmaNear XRPL levelVariesN/AThese developments reflect XRPL’s strengthening position in the blockchain ecosystem and indicate that stablecoins, led by RLUSD, are likely to play an increasingly central role on the network in the months ahead.
Infinex přidal NEAR Chain Signatures a NEAR Intents, takže uživatelé mohou přes platformu spravovat Bitcoin, Dogecoin a XRP bez samostatných mostů a peněženek. Tím zjednodušuje transakce mezi různými blockchainy.
Infinex has introduced NEAR Chain Signatures and NEAR Intents, allowing its users to manage assets like Bitcoin, Dogecoin, and XRP directly through the platform. This move removes the need to operate distinct bridges or individual wallets for every blockchain, significantly simplifying cross-chain transactions.
Unified Cross-Chain AccessWith this integration, Infinex leverages NEAR’s chain-abstraction infrastructure. This system enables applications to interact with multiple different blockchains via a single, unified interface. NEAR Chain Signatures deploy a multi-party computation network overseen by NEAR validators, authorizing transactions on external blockchains securely.
As a result, users can handle assets not native to a specific chain without interacting with the complexities underlying cross-chain actions.
Mini dictionary: NEAR Chain Signatures use a decentralized network of parties to jointly sign and authorize actions on other blockchains. This approach improves security and flexibility in cross-chain asset management by preventing any single party from controlling the process.
According to NEAR protocol documentation, NEAR Intents offers connectivity with 31 different blockchains and supports over 100 digital assets. The cross-chain settlement process typically completes in about 30 seconds.
NEAR’s mechanism employs “solvers”—automated services—which compete to execute users’ requests and route their transactions across networks. Instead of requiring individuals to select a bridge or execution path, users simply specify their desired outcome. The protocol then manages task routing and settlement in the background.
Examples detailed in NEAR’s bridging guides include transfers such as BTC to TON, XRP to Arbitrum, and DOGE to Base. These routes highlight the potential to bring assets from non-EVM chains into broader blockchain ecosystems via a single protocol layer.
This approach redefines Infinex’s integration as more than adding another bridge. It enables assets like Bitcoin, Dogecoin, and XRP to be accessible across a wider array of decentralized applications, broadening their usability within the blockchain space.
NEAR’s Strategic Shift to Cross-Chain InfrastructureNEAR, a smart contract platform originally launched as a Layer 1 blockchain, is now seeking to establish itself as a universal execution layer and cross-chain infrastructure provider. The protocol describes its Intents network as a liquidity layer supporting wallets, DeFi platforms, and AI-driven agents, signaling a move beyond its origins.
The network claims more than $30 billion in total trading volume, spanning activity across 35 blockchains. NEAR’s approach aligns with a wider industry trend of minimizing user reliance on traditional, often complex bridge workflows in favor of seamless cross-chain operability.
NEAR highlights that its Intents network provides cross-chain settlement in around 30 seconds, connecting over 100 assets across 31 blockchains without requiring users to manage technical processes or select individual bridges.
With platforms like Infinex adopting these tools, NEAR aims to position itself at the forefront of cross-chain application development, offering a simplified experience for managing digital assets in multi-chain environments.
Ripple na konferenci v Soulu oznámil přípravu nového úvěrového protokolu na XRP Ledgeru, který má institucím umožnit používat XRP jako zástavu pro financování plateb zákazníků. Cílí hlavně na vydavatele kreditních karet.
Ripple is advancing its payment infrastructure by preparing to launch a new lending protocol on the XRP Ledger that could reshape how financial institutions fund customer payments. At the XRP Seoul conference in South Korea, Ripple President Monica Long introduced a mechanism designed to place XRP at the center of the collateral process for large-scale payment providers, particularly those issuing credit cards.
Ripple’s institutional ambitions at XRP SeoulLong explained that Ripple is actively developing and integrating a lending protocol within the XRP Ledger. This protocol, once activated, will enable pools of XRP to be lent out as collateral to support the payment flows of Ripple’s enterprise customers. She drew a direct connection to credit card institutions, outlining a vision where “payments credit meets XRP Ledger and the lending protocol” to facilitate new forms of funding within payment networks.
According to Long, the necessary infrastructure for this system already exists on the XRP Ledger, with efforts now focused on bringing the lending protocol to operational status. Long emphasized that this project is not merely theoretical—integration and development efforts are already in progress.
Ripple President Monica Long stated that the lending protocol is designed to allow credit card institutions and other businesses to use XRP as collateral when funding customer payments.
Amelie, a well-known crypto influencer in the XRP community, highlighted Long’s remarks to her audience, underlining the opportunity for real-world adoption and strategic growth for XRP.
Mini dictionary: XRP Ledger, the decentralized blockchain powered by XRP and developed by Ripple, supports fast and low-cost currency exchanges and payments for banks and financial institutions.
Impact on XRP demand and community responseAmelie described this initiative as a direct catalyst for XRP’s price and adoption prospects. Establishing XRP as the required collateral for institutional payment flows would drive demand, since organizations would need to acquire and hold substantial XRP balances to participate. This shift could produce continuous, structural buying pressure, distinguishing it from short-term trading or speculative movements.
Institutions integrating this system—such as credit card issuers—would be expected to maintain specific XRP reserves proportionate to their payment volumes. As transactional activity rises, so does the collateral requirement, transitioning XRP further toward a role as a utility asset within institutional finance.
XRP RoleBefore Lending ProtocolAfter Lending ProtocolMain usageBridge currency for cross-border paymentsCollateral for credit and lending in paymentsInstitutional holdingOptional, transactionalRequired, structuralSource of demandSpeculative/adoption-drivenCollateral-backed, utility-drivenReactions within the XRP community showcased a range of emotions. Some users expressed confidence that the system would reach active production and encouraged patience, citing the complexity and long-term potential of the infrastructure being developed. Others voiced frustration about the lack of immediate impact on XRP’s price, emphasizing their expectation for tangible results and market reactions.
Some XRP holders maintain optimism about the protocol’s progress, highlighting the scale and ambition of Ripple’s ongoing development, while others await visible effects on price performance.
Institutional adoption and next stepsThe Seoul conference underscored Ripple’s strategy to expand XRP’s function to a collateral asset used within financial products, shifting its role beyond merely enabling cross-border payments. This integration of lending capabilities with institutional payment networks could position XRP as core infrastructure within enterprise-grade payment solutions.
For investors monitoring XRP’s real-world usage, Long’s statements provided clear confirmation that development is not only ongoing but also approaching a major milestone. Activating the lending protocol on the XRP Ledger will be the critical turning point where these plans transition into real-world implementation.
Ripple přidal do XRPL důvěrné převody pro instituce. Confidential Transfers skrývají zůstatky a částky převodů, zatímco validátoři stále ověřují platnost transakcí.
Ripple, a leading blockchain company focused on enterprise crypto solutions, has introduced selective confidentiality directly into the XRP Ledger (XRPL) protocol. This development aims to address privacy concerns for institutional users without relying on a separate or private version of XRPL. Instead, Ripple is embedding confidentiality at the core protocol level to combine public transaction settlement with private financial information.
Selective confidentiality on the public ledgerThe official documentation for XRPL’s Confidential Transfers outlines the use of EC-ElGamal encryption and zero-knowledge proofs as foundational technologies. These cryptographic methods help conceal Multi-Purpose Token balances and transfer amounts from being visible on the public blockchain, while still allowing verifiers to confirm transaction validity.
With this structure, validators can approve that transactions meet system requirements without accessing the underlying transaction amounts. At the same time, issuers have the capability to designate specific auditors who can decrypt balances for compliance and regulatory checks, ensuring responsible oversight in financial operations.
This balance provides banks and regulated institutions with a model that preserves the transparency benefits of blockchain—such as public settlement—while maintaining privacy over sensitive financial details.
Mini dictionary: EC-ElGamal encryption is a public-key cryptosystem considered secure for both confidentiality and supporting zero-knowledge proofs; zero-knowledge proofs allow validators to confirm the validity of a statement without revealing any other information.
Institutional features and regulatory complianceThe XRPL 3.3.0 protocol upgrade introduced ConfidentialTransfer for amendment voting, alongside other new features aimed at institutional requirements such as Batch processing and Permission Delegation. These updates reinforce XRPL’s strategic push toward serving regulated entities and facilitating compliance in decentralized finance frameworks.
Developers are also testing permissioned liquidity pools that limit Automated Market Maker (AMM) participation to credentialed users. When paired with features such as Credentials, Permissioned Domains, and confidential token transfers, the system is increasingly positioned as regulated financial infrastructure—distinct from anonymous open DeFi models but still built on a public blockchain foundation.
Potential use cases for confidential transfersRipple has highlighted confidential collateral as a key use case for institutions. In this model, a financial entity can provide proof that sufficient collateral exists to meet regulatory requirements without revealing the actual size of the client’s position, trading counterparties, or specific strategies.
Ripple’s institutional DeFi roadmap references applications including proof of reserves, private settlements, and compliance verification, all of which may benefit from integrating zero-knowledge technology into public blockchain systems.
This approach underscores Ripple’s emphasis on compliance with privacy, aligning with growing demand from banks and regulated firms seeking both transparency and confidentiality in their blockchain transactions.
Ripple has revealed the agenda for Swell 2026, highlighting “the first year of a spot XRP ETF” as a key topic for its Institutional track. Other main themes include bank-grade digital asset infrastructure and the integration of artificial intelligence in payments. The annual conference, set for New York, will gather about 1,500 participants and for the first time merge Swell with two other major events, Apex and UBRI Connect, which focus on the XRP Ledger and academic blockchain research, respectively.
XRP ETFs build institutional momentumSpot XRP exchange-traded funds only recently received regulatory approval in the US, marking a significant shift in the asset’s accessibility for institutional investors. Earlier this year, Ripple stated that the availability of spot ETFs has helped move XRP from over-the-counter desks and private placements into broader institutional portfolios.
Coinpaper reported that cumulative inflows to XRP ETFs reached approximately $1.7 billion by mid-September, despite XRP trading well below its record high. This influx of institutional capital has made ETF demand a central theme for the asset, driving dialogue about its evolving role in professional markets.
MetricValueXRP ETF inflows (mid-September 2026)$1.7 billionStrongest weekly inflows (late August 2026)$110.49 millionParticipants at Swell 20261,500SEC oversight and evolving ETF productsThe US Securities and Exchange Commission (SEC) recently disclosed that a post-effective amendment for the Bitwise XRP ETF became effective on September 28, indicating continued development in the regulated ETF product landscape. This regulatory attention points to an industry still refining its offerings instead of plateauing after the first launches.
Mini dictionary: Apex is an annual summit dedicated to the XRP Ledger ecosystem, bringing together developers, enterprises, and the broader community to discuss protocol advancements and use cases.
Speakers announced by Ripple include executives from Intercontinental Exchange, major banks, asset managers, fintech firms, and digital asset infrastructure providers. These participants will discuss XRP ETFs alongside topics like tokenized collateral and advanced market plumbing, positioning XRP ETFs as a key component within institutional investment frameworks rather than as isolated crypto products.
Institutional demand and price actionInstitutional interest in XRP ETFs has become increasingly important, as noted by the divergence between regulated ETF flow and XRP’s spot price performance. In late August, XRP ETFs saw record weekly inflows of $110.49 million even while XRP’s market price was declining.
Despite a strong wave of inflows into XRP ETFs during their top week of 2026, the asset’s price continued to fall, highlighting that institutional investment does not always result in short-term price gains.
This separation between ETF inflows and price action suggests that regulated capital, while significant, does not unilaterally dictate price trends in the short term. The theme is expected to feature heavily as institutional audiences review the asset’s first year in the spot ETF format at Swell 2026.
On October 2, American XRP ETFs recorded net outflows of 3.28 million dollars, exclusively concentrated on the Bitwise fund. However, their assets experienced a decline of 37 million dollars during the session, a gap notably triggered by the drop in the price of Ripple’s cryptocurrency.
In brief XRP ETFs recorded net outflows of $3.28 million on October 2. Bitwise alone concentrates all outflows observed during the session. The combined assets of XRP ETFs fell by $37 million in one day. The gap is mainly explained by the drop in XRP price, not by massive sales. Despite this negative session, the cumulative collection of XRP ETFs remains largely positive. ETFs lose $37M, but only $3.28M goes out The cumulative net assets of XRP ETFs went from $1.695 billion on October 1 to $1.658 billion the next day. This 37 million decrease does not mean investors withdrew an equivalent amount.
Actual redemptions are limited to 3.28 million dollars. The difference, close to 33.7 million dollars, mainly comes from the depreciation of XRP held by the funds. The key figures allow us to distinguish these two phenomena :
3.28 million dollars actually left the ETFs ; The Bitwise XRP fund concentrates all withdrawals ; The other listed products recorded no net flow ; Combined assets fell to $1.658 billion ; Historic net inflows remain close to $1.79 billion. A net outflow corresponds to investors reselling their shares, possibly forcing the manager to reduce reserves. Conversely, a decrease in assets can simply reflect the XRP variation, without any holder leaving the fund.
The XRP drop explains most of the decline XRP rose up to about $1.55 on October 2 before falling to around $1.44 at the end of the US session. It then traded around $1.49, representing a daily drop of more than 3%.
This correction automatically reduces the net asset value of XRP ETFs. These products hold tokens to mirror their price: when XRP loses value, their assets under management decrease even if investors keep all their shares.
The movement is also part of a broader market pullback. Bitcoin dropped from around $87,220 to below $85,000, dragging several altcoins along with it. The contraction of XRP fund assets therefore does not necessarily reflect distrust unique to Ripple.
The gap between $1.79 billion in cumulative inflows and current assets of $1.658 billion reaches about $133 million. However, this amount does not represent a realized loss for all investors. It notably reflects the variation in token value, while the individual result depends on the price at which each holder bought or sold their shares.
Bitwise alone concentrates ETF outflows The Bitwise fund recorded all $3.28 million of outflows observed on October 2. Yet it remains the leading product in the category in terms of collection, with about $677 million in cumulative net inflows.
Franklin Templeton follows with nearly $505 million, ahead of the Canary Capital fund, which totals about $490 million. None of these competing products showed net movement during the session.
This is not the first time Bitwise has concentrated a negative day. On September 2, XRP ETFs had $7.2 million in outflows, already entirely attributable to its fund. Its size and liquidity can make it the preferred vehicle for investors wishing to quickly adjust their exposure.
One day alone is therefore not enough to identify a lasting trend. The concentration of outflows on a specific product offers a different perspective than a movement that would have simultaneously affected all managers.
ETFs maintain a largely positive collection Outflows come after a favorable period. Between September 22 and 25, XRP funds attracted about $75.6 million. Their net collection over the entire month reached 121.4 million.
October had also started with $4.07 million in inflows before the reversal the next day. The $3.28 million withdrawn therefore do not erase either this first positive session or the amounts accumulated since the launch of the products.
XRP ETFs now represent about 1.79% of the token’s total capitalization. However, their $1.658 billion in assets remain lower than the $1.91 billion held by Solana ETFs.
The next sessions will determine if Bitwise’s withdrawal remains isolated. It will be especially important to observe both net flows and the XRP price: without this distinction, another drop in assets could be mistakenly interpreted as a wave of investor sales.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ripple oznámil, že konference Swell 2026 v New Yorku poprvé propojí Swell, summit Apex zaměřený na technologii XRP Ledger, a UBRI Connect, akademickou blockchainovou iniciativu, do jedné akce s lídry z BNY, ICE, TD Securities a Robinhood. Očekává se účast asi 1 500 lidí.
Ripple has announced that the Swell 2026 event in New York will bring together senior leaders from major financial institutions, including BNY, Intercontinental Exchange (ICE), TD Securities, and Robinhood. The conference, set to attract approximately 1,500 participants, will for the first time integrate Swell, the Apex summit focused on XRP Ledger technology, and UBRI Connect, an academic blockchain initiative, into a single event.
Prominent Financial Leaders to Discuss Industry TransformationThe event’s guest list reflects Ripple’s ambition to strengthen connections across various areas of traditional and digital finance. Each institution is positioned to address distinct elements such as custody, trading, liquidity, stablecoins, tokenized securities, and broad consumer access.
Representing Bank of New York Mellon (BNY), Laide Majiyagbe is scheduled to lead a discussion on how tokenized money-market funds, stablecoins, liquidity, and settlement innovations are influencing institutional markets. This collaboration between Ripple and BNY has moved beyond discussion; BNY was chosen as the primary custodian for RLUSD reserves, with this arrangement beginning in 2025.
Ripple’s RLUSD reserves have recently grown to about $2.53 billion, with a circulating supply now over $2.4 billion, enhancing the importance of BNY’s custodial role.
Ripple aims to connect diverse sectors of finance, from custody and stablecoins to trading, onchain securities, and consumer access, by assembling industry leaders from global banks, exchanges, and fintech platforms.
ICE, a global operator of financial exchanges and clearing houses and parent company of the New York Stock Exchange, adds perspective on market infrastructure. Michael Blaugrund, ICE’s Vice President of Strategic Initiatives and a former NYSE Chief Operating Officer, will speak on institutional adoption of tokenized equities, digital funds, and collateral management.
Mini dictionary: RLUSD, acronym for Ripple Liquidity USD, is Ripple’s institutional-grade stablecoin designed for settlement and liquidity purposes in digital asset markets.
TD Securities and Robinhood Extend the ConversationTD Securities, a Canadian investment bank and capital markets firm, will also participate through Elizabeth St-Onge, who is set to join a panel exploring the future of digital currency models. The discussion will consider whether market dominance will rest with single-issuer stablecoins or consortium-driven approaches.
Ripple’s RLUSD has become increasingly embedded in institutional liquidity solutions, including payments, tokenized assets, and prospective lending structures on the XRP Ledger (XRPL).
Robinhood, a US-based trading platform known for providing retail access to stocks and cryptocurrencies, will be represented by its Head of Crypto, Johann Kerbrat. He and Ripple President Monica Long will examine the growing convergence between retail and institutional participation in the digital asset ecosystem.
Industry experts from major banks, trading houses, and platforms will address how stablecoins and tokenized assets are reshaping liquidity, access, and market structure.
XRP Asia spustila v Singapuru a Ripple chce v roce 2027 přesunout více zákaznických plateb na XRPL. Firma zároveň rozšiřuje pilotní projekt s DEX a propojení plateb s úvěrovou infrastrukturou.
TLDR: XRP Asia launches in Singapore as Ripple prepares to route more customer payment volume onto XRPL in 2027. Ripple’s 1 billion XRP developer commitment supports Asia expansion, including Japan and Korea funding. Ripple plans to expand an XRPL DEX payments pilot while linking payment customers with lending infrastructure. XLS-66 would enable fixed-term uncollateralized XRPL loans, but validator approval is still required. XRP Asia has launched as a Singapore-based regional organization while Ripple prepares a broader 2027 push to move more customer activity onto the XRP Ledger. The October 3 debut links regional ecosystem development with a company-wide payments strategy centered on routing more transaction volume, liquidity, and credit activity through XRPL.
The XRP Ledger Foundation said the group will support builders, startups, and regional communities. Jointly founded by Ripple and the foundation, it is led by Sabrina Tachdjian.
XRP Asia Launch Supports Ripple’s 2027 XRPL Payments Push The organization plans to build from established communities in Korea and Japan while extending its programs into additional technology hubs across the region. Its developer programs will include learning resources, system-integrator training, hackathons, office hours, and ship-it clinics designed to help teams move projects toward deployment.
Startup support will extend beyond engineering through go-to-market assistance, partner introductions, incubation, grant connections, joint events, and introductions to relevant investors. That approach follows earlier ecosystem investment.
Ripple created an XRPL Japan and Korea Fund under its 1 billion XRP developer-support commitment. Tens of millions of dollars were targeted toward opportunities in those markets. The company also expanded university blockchain research across South Korea, Japan, Singapore, Taiwan, and Australia.
XRP Asia debuted alongside XRP Seoul 2026, where sessions covered payments, tokenized deposits, and on-chain finance involving banks and securities firms. The agenda also featured Tachdjian and Ripple executive Tatsuya Kohrogi discussing what comes next for the XRP ecosystem across the region.
Ripple Connects 2027 Payments Plans With XRPL Credit At the Seoul event, Ripple President Monica Long said the company is discussing a 2027 objective to route more customer transaction volume directly onto XRPL. The strategy includes infrastructure already built for payments and an expanded pilot using the ledger’s decentralized exchange within the company’s payments operations.
Beyond transaction routing, the company plans to deepen its credit business by connecting payment customers with XRPL lending infrastructure. Long said XRP deposited into lending pools could provide funding for payment customers, linking pooled liquidity with credit used within the payments business.
One component is XLS-66, an XRPL-native proposal for fixed-term, uncollateralized loans funded through pooled assets held in Single Asset Vaults. Under the specification, credit assessment and risk management remain off-chain.
The ledger would handle loan creation, repayments, and defaults. However, XLS-66 remains a draft amendment and requires validator approval before mainnet activation, meaning the proposed lending structure is not yet live.
That makes regional ecosystem expansion relevant to the same ledger infrastructure targeted for payments and lending. Together, the regional builder network and 2027 payments plan connect developer growth with potential institutional transaction, liquidity, and credit activity on XRPL.
Ripple vrátil do escrow 700 milionů XRP v hodnotě přes 1 miliardu USD, čímž omezil okamžitý dopad říjnového uvolnění na nabídku. XRP zároveň naráží na resistance v pásmu 1,54 až 1,59 USD.
Ripple recently returned 700 million XRP, valued at more than $1 billion, to escrow accounts following the scheduled October token release. This move has put renewed focus on both XRP’s available supply and its short-term price trend.
XRP price hovers near key resistanceXRP traded at approximately $1.49 in early October, with the price repeatedly testing the $1.55 range but struggling to hold above it. Technical analysts have highlighted the $1.54 to $1.59 zone as an area of significant selling pressure. Analysts such as Xaif Crypto have identified resistance in this band and see support between $1.44 and $1.47.
According to Xaif Crypto, a decisive move above $1.54 to $1.56 could signal a stronger short-term recovery for XRP, while a drop below support could trigger a deeper decline. On the upside, a sustained breakthrough above the resistance zone may attract further buying interest.
XRP’s near-term outlook depends on how it handles the $1.59 barrier, which several analysts see as defining the next momentum shift.
Another chart review by TheaG_eii singles out $1.59 as a trigger for a potential momentum change, defining the $1.54 to $1.59 region as a supply zone. The analysis also points to $1.39 and $1.29 as areas of interest if XRP faces rejection at resistance.
In recent weeks, XRP’s price climbed as high as $1.65 on September 23 and $1.62 on September 25 but retreated to around $1.50, demonstrating the difficulty of holding gains above resistance levels.
A daily or weekly close above $1.59 would be a clear technical signal, while the market remains confined by established overhead resistance and the $1.44 to $1.47 support band for now.
LevelSupportResistanceCurrent$1.44–$1.47$1.54–$1.59Potential breakout$1.39, $1.29$1.70, $1.75Ripple returns 700 million XRP to escrowRipple, a financial technology company known for its global payments network, conducted its monthly scheduled XRP escrow transactions at the start of October. The company initially unlocked 1 billion XRP in four separate transactions: 400 million, 200 million, 300 million, and 100 million tokens. Shortly after, Ripple returned 700 million tokens—valued at $1.05 billion based on market prices—to new escrow contracts, executed in two large tranches of 400 million and 300 million tokens.
This activity forms part of Ripple’s long-standing escrow system, initiated in 2017, which unlocks up to 1 billion XRP at the start of each month. Historically, the company returns a substantial portion of these tokens to escrow, smoothing out the impact on circulating supply.
Following the October activity, about 31.845 billion XRP remained in escrow, according to estimates by TheStreet. Out of the 1 billion tokens released, 300 million were left outside escrow contracts. As a result, the latest monthly release did not directly inject the entire $1 billion amount into the market.
Ripple’s predictable monthly transactions are closely watched by traders, who see the net change in circulating supply as more significant than the gross tokens unlocked each month.
Mini dictionary: Ripple, a US-based technology company, is best known for its XRP Ledger and software solutions aimed at simplifying cross-border payments for financial institutions.
XRP price scenarios in focusWith XRP trading near $1.49, the market is closely monitoring whether buyers can push the token above the $1.59 technical barrier, as recent attempts around $1.55 have not held. Xaif Crypto suggests that a move above resistance could send the price toward $1.75, while CarolinaTCWNL outlines a sequence of targets at $1.43, $1.50, $1.58, $1.62, and $1.75 following the market’s rejection near $1.70.
If XRP closes above $1.59 on a daily or weekly basis, analysts argue it would mark a significant shift, confirming support at previous resistance and opening the door for further upside.
However, until such a breakout is confirmed, the $1.44 to $1.47 range will remain a critical support area. A decline below this band could prompt a shift toward lower support zones, as identified by technical observers.
Ripple’s escrow transaction lowers the immediate impact of October’s token release on circulating supply, though 300 million tokens remain outside of escrow and could affect short-term liquidity. Market participants are therefore focused primarily on price chart patterns and whether the $1.59 level will act as a ceiling or give way to renewed buying momentum.
XRP Asia oficiálně spustila iniciativu s cílem podpořit růst a adopci XRP Ledgeru v Asii. První velké vystoupení proběhne v Soulu, kde má zaznít i oznámení pro ekosystém XRP v regionu.
The XRP Ledger now has a dedicated regional cheerleader. XRP Asia has officially launched with a mission to promote growth and adoption of the XRP Ledger, or XRPL, across Asia.
XRP Asia is led by President Sabrina Tachdjian. She joins from the Hedera Foundation, where she served as VP of Fintech & Payments.
Seoul gets the first big stage XRP Asia’s first major public moment is already scheduled. Tachdjian is set to speak at an event titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia.”
The session is slated for October 3, 2026, at the Grand Hyatt Seoul during Korea Blockchain Week. It will be co-presented with Tatsuya Kohrogi of Ripple.
South Korean institutions including Woori Bank and Kakao Bank are slated to participate in the XRP Seoul event.
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Discussion topics are expected to cover cross-border payments and tokenized deposits. Think of a tokenized deposit as an ordinary bank balance that has been given a digital twin on a blockchain. The money is still a bank deposit, but it can move with the speed and programmability of a crypto token.
Japan already has a head start Ripple already has a notable regional foothold through SBI Ripple Asia, a joint venture between SBI Holdings and Ripple.
SBI Ripple Asia’s token issuance platform was registered under Japan’s Fund Settlement Act on March 26, 2026. Registration under it gives the platform an official stamp to operate.
The regulatory green light was followed by an announcement in early April 2026 that development of the full platform was complete.
Daily XRP trading on leading South Korean exchanges such as Upbit has surpassed the volumes recorded on several major global platforms.
Upgrades on the technical side The XRPL itself is also due for changes around the same window. Upcoming protocol upgrades named Batch and Permission Delegation are planned for early October 2026.
What this means A dedicated body, a Ripple executive on stage, and two Korean banks in attendance form a clearer institutional narrative than XRP has historically had in Asia.
Tachdjian’s move from the Hedera Foundation to XRP Asia illustrates how competitive the race for institutional blockchain business has become.
Japan’s Fund Settlement Act registration for SBI Ripple Asia shows that a compliant path exists in at least one major Asian market.
The key dates to circle are early October 2026, when the Batch and Permission Delegation upgrades are planned, and October 3, 2026, when the Seoul announcement is set to take place.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
A sharp divergence has emerged in the crypto market between Evernorth’s new treasury stock, XRPN, and the underlying XRP token. On October 2, crypto commentator Nate observed that XRPN, the stock associated with Evernorth’s XRP holdings, soared by 68.25% in a single day and posted a 272.6% increase on the week.
XRPN listing triggers market disconnectEvernorth Holdings, a digital asset treasury company focused on XRP, recently completed a merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC). Armada shareholders voted to approve the business combination on September 30, and the announcement followed on October 1. XRPN, now listed on Nasdaq, is scheduled to officially begin trading on October 8.
Evernorth holds the position as the largest XRP treasury among public companies, managing approximately 473 million XRP. The firm’s backers include Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The deal raised over $1 billion in new funds for Evernorth’s operations.
Unlike passive crypto funds, Evernorth aims to actively manage its substantial XRP assets through lending, liquidity provision, and participation in on-chain projects. The management’s objective is to grow the amount of XRP per share with an active strategy rather than simple holding.
Mini dictionary: SPAC (Special Purpose Acquisition Company), a publicly traded company created to merge with or acquire a private company, enabling the target to be publicly listed more quickly than through a traditional IPO.
XRP price drops despite positive newsWhile news of Evernorth’s public listing would be expected to bolster XRP’s price, the token declined by 2.67% to $1.46, trading on $4 billion in 24-hour volume. Market participants voiced their frustration at this counterintuitive move, as Evernorth’s concentrated XRP holdings and institutional backing were considered positive drivers.
XRPN’s stock soared before trading had even officially begun, while XRP slipped in value despite news that could have increased institutional demand.
Evernorth’s listing theoretically simplifies institutional access to XRP by enabling traditional investors to gain exposure through regulated stock markets, without needing to hold the token directly. This increased visibility was anticipated to generate additional demand and price support for XRP.
AssetOne-day changeHeld by EvernorthCurrent statusXRPN (Nasdaq)+68.25%N/A (Stock represents XRP holding)Will begin trading Oct 8XRP (token)-2.67%473 million (held by Evernorth)Actively tradingCommunity reaction and skepticismThe sudden rise in XRPN prompted confusion among market observers. Several community members noted that XRPN’s stock price had jumped ahead of its formal launch. Some commenters expressed concern that early investors and insiders might be benefiting disproportionately, raising questions about exit liquidity for long-held XRP positions.
Skepticism persists within parts of the XRP investor base, with some individuals repeating long-standing criticisms about the token’s inability to capitalize on ostensibly favorable developments. Uncertainty remains around whether XRPN’s trading debut will meaningfully affect the price of XRP itself.
Many community members questioned how XRPN could rally while the underlying XRP asset slipped, underscoring persistent doubts about market dynamics and fairness.
Outlook for XRPN and XRPAs XRP’s price dipped and XRPN’s valuation rose dramatically, attention turned to whether this gap will close once XRPN begins formal trading on Nasdaq. The relationship between public XRP treasuries like Evernorth and the token’s market value remains the subject of intense debate.
XRP Asia se oficiálně spustila a v Soulu představila plán na urychlení adopce XRP Ledgeru mezi bankami v Asii. Na pódiu byly i Woori Bank a Kakao Bank.
XRP Asia officially launched on October 3, 2026, and it did not start quietly. The newly formed regional body debuted with a live session at the Grand Hyatt Seoul during Korea Blockchain Week.
Its mandate: accelerate XRP Asia Ledger adoption across the region, support builders, and bring banks onto the rails.
Woori Bank and Kakao Bank were among the institutions on stage alongside Ripple’s Tatsuya Kohrogi, signalling that this is not a community-only play.
Korean Banks Are Already Moving, XRP Asia Arrives as Rails Go Live Leading the entity is President Sabrina Tachdjian, who previously served as VP of Fintech and Payments at the Hedera Foundation.
That background matters. Tachdjian brings regulated-finance experience at a moment when XRP Asia is trying to move Korean and broader Asian institutions past pilots and into production.
The launch lands on a foundation of real deployments, not promises.
South Korea’s Jeonbuk Bank already replaced multi-day SWIFT windows with real-time Ripple Payments, a shift that showed cross-border rails can run inside a regulated Korean bank.
Shortly after, SBI and Kyobo completed a direct yen-to-won stablecoin transfer, a pilot that skipped the dollar leg entirely for the first time in the Japan-Korea corridor.
Retail appetite in Korea is equally visible. XRP has repeatedly led volume on Upbit, including stretches where weekly exchange volume hit roughly $8 billion on South Korea’s top exchange.
That kind of retail flow gives institutions a liquid market to build around.
In Japan, SBI Ripple Asia went further. The joint venture registered a regulated token issuance platform under Japan’s Fund Settlement Act in March 2026, completing an institutional-grade bridge between XRPL and Japanese financial law.
SBI Holdings has also moved to deepen that position, signing a deal to acquire Bitbank, a timeline that tightens Japan’s XRP banking stack.
Protocol Upgrades Add Institutional Tooling at the Right Moment The timing of XRP Asia’s launch aligns with two protocol changes that matter for banks.
Permission Delegation and Batch amendments are inside the early-October activation window on XRPL.
Permission Delegation lets one account grant another narrowly scoped rights, payments, compliance approvals, without sharing master keys.
That is built for bank-style separation of duties. Batch allows grouped transactions to settle or fail together, enabling atomic multi-party flows.
RippleX shipped an audited Batch V1.1, and the amendment has now entered its validator vote, a step that moves atomic settlement from proposal to near-activation.
For the institutions at Seoul discussing tokenized deposits and cross-border payments, these are not background upgrades. They are infrastructure the use cases depend on.
The ledger’s credibility with institutions also stretches beyond Asia.
South Africa’s Absa became the first African bank to offer XRPL-based custody, a data point that frames the ledger as a global bank stack, not a regional experiment.
The Bank for International Settlements has also used XRPL to anchor official statistics, making data tamper-proof, a use case that adds regulatory legitimacy to what the Seoul sessions are pitching.
The XRP Ledger Foundation welcomed the new entity, noting that APAC is already one of the most active parts of the XRPL ecosystem. BankXRP framed it more directly.
Asia is deploying financial rails while Western regulatory debate continues. Ripple eyes the $155 trillion cross-border payments market, and the Seoul event suggests Korean banks are now a named part of that plan.
XRP Asia has officially launched at XRP Seoul 2026, with a focus on growing the XRP Ledger (XRPL) across the Asia Pacific region. The new group aims to bring more businesses, developers, and financial institutions onto the network.
The launch comes just before two major XRPL upgrades, Batch and Permission Delegation, planned for early October 2026.
XRP Asia is led by Sabrina Tachdjian, former vice president of the Hedera Foundation. She is set to speak on 3 Oct, at the Grand Hyatt Seoul during Korea Blockchain Week at an event titled “Special Announcement: What’s Coming Next for the XRP Ecosystem in Asia.”
The event also featured representatives from Woori Bank, K Bank and JB Bank in a panel on cross-border payments and tokenized deposits.
Its strategy covers four areas, technology, startup success, community, and marketing.
The group plans to support developers through training, micro-grants, early stage investments, and go-to-market support. Its focus also extends beyond DeFi to retail applications, AI-based payments and non-financial enterprise use cases.
XRP Moves From Payments Toward CreditThe next phase will move beyond ecosystem building. At XRP Seoul 2026, Ripple President Monica Long said the company plans to connect the XRP Ledger (XRPL) with payment infrastructure.
She further said,
“We are running credit-related pilots with the goal of activation next year.
The plan includes using pooled XRP as collateral to help fund customer payments
The plan follows SBI Ripple Asia approval under Japan’s Payment Services Act as a Third-Party Prepaid Payment Instrument Issuer, supporting regulated prepaid token activity on the XRPL
October Core Protocol UpgradesThe regional rollout is also arriving alongside two planned protocol upgrades, including Permission Delegation Infrastructure and Batch Amendment.
First, the Permission Delegation Infrastructure update is set for 8 Oct. It will allow companies to delegate transaction signing without giving up control of their main wallets.
Second, the Batch Amendment is set for 9 Oct. It will allow multiple transactions to be grouped and processed in a single ledger entry, helping improve speed and efficiency for high-volume activity.
Both upgrades will need more than 80% validator support during the activation period.
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Chainalysis připsala zářijovou krádež 387 milionů USD na Bitgetu severokorejským aktérům. Uvedla, že tímto útokem přesáhly krádeže kryptoměn spojené se Severní Koreou v roce 2026 hranici 1 miliardy USD.
Chainalysis attributed the September 24 theft of $387 million from Bitget to North Korean actors, according to its October 1 investigation report.
The firm said the attack brought crypto thefts linked to North Korea above $1 billion in 2026.
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Within three hours, the stolen funds moved in 23 transfers across Ethereum, XRP, Zcash and Tron. Chainalysis put their shares at 49.7%, 40.8%, 7.6% and 1.8%, respectively.
Attackers converted stolen XRP into Bitcoin through a cross-chain liquidity protocol. Investigators matched deposits with payouts and followed tens of millions of dollars to attacker-controlled Bitcoin addresses.
Chainalysis said AI-built automation reduced one bridge-reconciliation task from more than 20 hours to under 10 minutes. Human investigators reviewed outputs and directed the work.
The firm said it would continue monitoring destination addresses and sharing information with exchanges and law enforcement.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Akcionáři Armada Acquisition Corp. II schválili fúzi s Evernorth Holdings, která má 8. října 2026 debutovat na burze Nasdaq pod tickerem XRPN. Firma plánuje držet asi 473 milionů XRP.
Evernorth Holdings has cleared a decisive shareholder hurdle on the way to a planned Nasdaq listing, after investors in its blank-check merger partner backed the deal that would turn the firm into a publicly traded vehicle centered on XRP.
Evernorth and Armada Acquisition Corp. II said on October 1, 2026, that Armada’s shareholders approved the proposed combination at an extraordinary general meeting held the day before.
The vote removes one of the last formal obstacles before closing.
The parties still expect the transaction to finish on October 7, provided the remaining customary conditions are satisfied or waived.
Class A common stock of the combined company, which will continue under the Evernorth Holdings name, is then scheduled to start trading on Nasdaq on October 8 under the ticker XRPN.
The financing picture is large relative to most single-token treasury listings.
Together, the business combination and related private placements have brought in more than $1 billion.
Cash expected from the deal is more modest: roughly $300 million in gross proceeds before expenses, made up of about $225 million from associated private placements, $30 million of additional convertible-note financing, and approximately $48 million left in the SPAC trust.
Backers have also put XRP into the transaction directly.
On that basis, Evernorth expects to hold about 473 million XRP when the deal closes, a balance the company says would make it the largest pure-play XRP treasury listed on a public exchange.Support from committed capital looks intact.
The companies said every advanced and delayed funder is still participating.
The investor roster includes Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR, among others.
Founder and chief executive Asheesh Birla framed the listing as a regulated, transparent route for investors who want XRP exposure and a stake in the broader blockchain economy, and he thanked shareholders for backing the final stretch of the deal.
Armada itself is a special purpose acquisition company sponsored by Arrington XRP Capital Fund, LP.
It was formed on October 3, 2024, and is led by chief executive Taryn Naidu, with Michael Arrington as chairman and Kyle Horton as chief financial officer.
Once public, Evernorth intends to operate as a digital asset treasury that gives holders liquid exposure to XRP, rather than simply parking tokens.
Management has said it will try to increase XRP per share over time through yield approaches, participation in the token’s ecosystem, and capital-markets activity.
The path to the vote ran through US securities disclosure.
A registration statement on Form S-4 covering the combination and related placements was declared effective by the Securities and Exchange Commission on August 27, 2026, after which the definitive proxy materials went to Armada holders.
An SEC filing on the meeting shows a quorum: 21,877,045 common shares, about 69 percent of those entitled to vote, were represented in person or by proxy.
The business-combination proposal passed with 20,514,034 votes in favor, 1,362,081 against, and 930 abstentions.
A related merger resolution passed on a similar margin.
Approval does not by itself complete the listing.
Closing still depends on leftover conditions, and the share price will remain tied to a volatile token, redemption levels in the SPAC trust, and whether the company can meet and keep Nasdaq standards. Even so, the September 30 vote moves Evernorth from a pending SPAC merger to a near-term public debut as one of the more closely watched XRP treasury structures in US markets.
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XRP ETF přilákaly 1. října čistý příliv 4,07 milionu USD, zatímco Ethereum ETF zaznamenaly odliv 55,37 milionu USD. XRP tak na začátku měsíce výrazně překonalo Ethereum v denních tocích o zhruba 59,44 milionu USD.
XRP has started off October on a strong note as its ETFs have recorded a decent influx of fresh capital on October 1, after their performances fell flat at the close of the last month.
While momentum appears to be building again in the XRP ecosystem, latest data from SosoValue shows that XRP saw a fresh influx of capital while Ethereum only saw investors withdraw their funds as the new month began.
XRP flips Ethereum According to the data, XRP ETFs attracted about $4.07 million in net inflow during their daily trading session on October 1, while Ethereum ETFs posted a net outflow of $55.37 million on the same day.
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As such, the data shows a major divergence between the performances of both assets, revealing that XRP ETFs outperformed Ethereum ETFs by about $59.44 million in daily flows at the start of the new month.
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While XRP ETFs also recorded $25.87 million in total trading volume on the same day, it signals renewed interest in the asset after their performance slowed in the past week, drawing attention from market analysts.
Franklin takes dominance from Bitwise Although XRP performed better than Ethereum during their latest trading session, the amount of capital pulled in by XRP funds was pretty low.
While Bitwise and Franklin Templeton attracted about $3.18 million and $4.06 million in new capital respectively, the inflows were partly offset by a $3.18 million outflow from Canary's XRP ETF.
Ethereum, on the other hand, was significantly subdued as it saw investors pull a higher amount of capital from its spot ETFs as October began.
Notably, the asset recorded a $55.37 million net outflow, pushing its cumulative net inflows to $13.84 billion.
XRPL má během 18hodinového okna mezi 8. a 9. říjnem zavést tři zásadní upgrady, včetně PermissionDelegationV1_1, BatchV1_1 a bezpečnostní opravy fixBatchV1_2. Změny mají rozšířit autorizaci účtů, umožnit atomické dávky transakcí a opravit zranitelnost protokolu.
The XRP Ledger is set for one of its most active upgrade periods in 2026, as three significant amendments are scheduled for activation within an 18-hour window between October 8 and 9. These amendments, if endorsed by sufficient validator support, are expected to bring advanced capabilities to the XRPL protocol, enhancing features for institutional and advanced users.
Upcoming upgrades and timelinesThe planned activation sequence starts with PermissionDelegationV1_1 at approximately 21:25 UTC on October 8. This will be followed by fixBatchV1_2 at around 14:12 UTC and BatchV1_1 at 14:46 UTC on October 9. The upgrades will only be confirmed if validator participation remains above the necessary consensus threshold.
Each amendment targets a different aspect of XRPL operations. PermissionDelegationV1_1 aims to introduce more flexible account authorization systems. BatchV1_1 enables atomic groups of transactions, while fixBatchV1_2 addresses a recently discovered protocol vulnerability.
Features tailored for institutionsPermissionDelegationV1_1 is designed to allow XRPL account holders to delegate specific authority to other accounts without relinquishing control of their master keys. This structure supports institutions such as banks and stablecoin issuers, offering the ability to allocate compliance, payment, and operational functions to different accounts for improved segregation of duties.
The updated model for institutional account control nearly missed its revised activation target due to previous dips in validator support. However, with consensus restored, PermissionDelegationV1_1 could go live on October 8.
BatchV1_1, arriving less than a day later, will allow users to group up to eight transactions within a single atomic operation. This capability is particularly useful in scenarios like settlement, atomic swaps, and complex multi-party deals, where all steps must either execute together or not at all.
BatchV1_1 was initially planned for September but saw its deployment delayed when validator backing dropped below the needed threshold, pushing activation to October 9.
Emergency security updateNotably, BatchV1_1 will be launched alongside a critical security measure. XRPL developers have distributed xrpld 3.4.1 as an emergency update to address security-sensitive issues that came to light during recent protocol reviews. This fix, titled fixBatchV1_2, will go live at approximately 14:12 UTC on October 9.
Servers operating on outdated software when fixBatchV1_2 activates risk becoming amendment blocked, a status that prevents them from participating in future ledger consensus until updates are applied.
With three amendments scheduled in rapid succession—including an urgent security patch—XRPL’s October 9 window stands out as one of its most critical upgrade points in recent years.
PermissionDelegationV1_1 will provide organizations with granular authorization, making it possible to separate compliance, payments, and operations across several accounts without transferring primary control.
Mini dictionary: XRPL (XRP Ledger), is a decentralized, open-source blockchain developed by Ripple that facilitates fast and low-cost international payments and supports unique features such as multi-signing, decentralized exchange, and advanced transaction types tailored primarily for institutional and enterprise use.
Ripple uvedl, že nabídka RLUSD přesáhla 2,4 miliardy USD a rezervy ji převyšují o 122,5 milionu USD, tedy asi o 5 %. Stablecoin tak zůstává plně krytý.
Ripple has reported that its RLUSD (Ripple Liquidity USD) stablecoin now has a circulating supply surpassing $2.4 billion, according to updated figures published on the company’s official transparency page. The latest disclosure, dated September 24, indicates that RLUSD reserves are higher than the circulating supply by approximately $122.5 million, or about 5%.
RLUSD reserve management and transparencyRipple stated that the reserves backing RLUSD are maintained in segregated accounts and consist of a mix of US dollars and highly liquid cash equivalents. The company also collaborates with Standard Custody & Trust Company, the regulated entity responsible for issuing RLUSD. This custodian operates under supervision from the New York Department of Financial Services.
To support transparency, Ripple publishes monthly, independently conducted CPA attestations that detail circulating supply figures and reserve assets. These reports are available for public review and are intended to provide assurance regarding RLUSD’s full backing and regulatory compliance.
RLUSD’s reserve surplus reportedly places it among the most conservatively managed stablecoins in the regulated dollar token sector.
Mini dictionary: Standard Custody & Trust Company, a regulated digital asset custodian, provides institution-grade storage, transfer, and settlement of digital assets, operating under New York state financial regulations to enhance client asset security.
Growth milestones and market positioningRLUSD crossed the $2 billion mark in late August, and its growth has continued at a brisk pace. The total supply has expanded by more than $400 million within roughly one month, solidifying RLUSD’s position as one of the fastest-growing regulated stablecoins in the sector. Ripple aims to elevate RLUSD’s role within its broader institutional finance services, viewing it as an anchor for liquidity products and infrastructure.
Recent developments have positioned RLUSD at the center of new Ripple initiatives involving institutional payments, tokenized assets, and participation in credit markets. Efforts to integrate RLUSD with related technologies, such as FXRP (a synthetic XRP token) and lending infrastructure, reflect Ripple’s strategy to embed RLUSD more deeply in institutional liquidity operations.
RLUSD now functions as a foundational element across multiple blockchain environments, which Ripple has described as key to its evolving financial and payment products.
Multichain expansion and liquidity strategyDistribution of RLUSD is becoming increasingly multichain. On Ethereum, RLUSD holdings recently stood at about $1.38 billion, while XRPL accounted for roughly $1.03 billion. This shift extends Ethereum’s lead, with each network having swapped the top spot during several periods earlier in the year. Ripple’s approach deliberately aims to build liquidity for RLUSD across multiple ecosystems rather than centralizing the token on a single ledger.
BlockchainRLUSD SupplyEthereum$1.38 billionXRPL$1.03 billionRipple has emphasized that operating RLUSD on several blockchain networks enhances both liquidity and accessibility, moving the token beyond its original payment-focused use case. This multichain strategy is expected to play a central role as RLUSD’s adoption continues to broaden within institutional marketplaces.
Integration with diverse lending, payments, and asset tokenization infrastructures suggests RLUSD is expanding from a simple stablecoin into a core piece of Ripple’s institutional liquidity ecosystem.
Absa se stala první bankou v Africe, která po schválení regulátory spustila institucionální custody službu pro digitální aktiva. Podporuje BTC, ETH, XRP Ledger a USDC.
Absa Breaks New Ground in African BankingSouth Africa's @Absa has officially launched Africa's first bank-grade digital asset custody service, securing formal regulatory approval from South African authorities before going live. The service, called Absa Digital Asset Custody, went live on September 21, 2026, and positions the banking group as the first commercial bank on the continent to offer this capability to institutional clients.
The platform provides licensed custody, asset administration, and rails for asset movement. It targets institutional customers including hedge funds, asset managers, non-bank financial institutions, and corporate treasuries, giving them a regulated banking environment in which to hold and manage digital assets.
The service currently supports $BTC, $ETH, the $XRP Ledger, and $USDC, with additional assets expected to be added as institutional demand develops. Bitcoin accounts for the largest share of assets under custody at launch.
Ripple Technology and a Growing MarketAbsa built the platform on Ripple's custody technology, the result of an 11-month partnership that began in October 2025. The platform provides private-key management, transaction and approval controls, and bank-grade governance and compliance, functioning as a secure vault rather than a trading venue.
Rob Downes, Head of Digital Assets at Absa Corporate and Investment Banking, said the bank plans to extend the service to additional client segments and, subject to regulatory approval, expand into other African markets. Ripple's Managing Director for the Middle East and Africa described the launch as "a major milestone" for bank-grade digital asset infrastructure on the continent.
The backdrop is a rapidly growing local market. According to the South African Reserve Bank, crypto assets held by the country's three largest licensed service providers, Luno, VALR and Ovex, more than doubled to R25.3 billion (approximately $1.5 billion) at the end of 2024, up from less than R10 billion at the start of 2023. Globally, the digital asset custody market is estimated at around $953.5 billion in 2026 and could reach $4.38 trillion by 2033.
With this launch, Absa joins a small group of regulated global banks to offer an institutional-grade digital asset custody proposition, and brings Africa meaningfully into that conversation for the first time.
Sources:
Engineering News: Absa Becomes First Bank in Africa to Secure Regulatory Approval for Digital Asset Custody
BusinessDay: Absa Becomes First African Bank to Offer Digital Asset Custody
Nairametrics: Absa Becomes Africa's First Bank to Offer Crypto Custody
Klienti spotových XRP ETF od Bitwise a Franklin Templeton nakoupili další XRP za 7,24 milionu USD. Celkové čisté přílivy do XRP ETF už dosáhly zhruba 1,79 miliardy USD.
Clients of the Bitwise and Franklin Templeton spot XRP ETFs bought another $7.24 million worth of XRP. In ETF land, that counts as a quiet day.
A steady drip, not a firehose On September 23, 2026, combined net inflows into the two funds totaled $18.04 million. Bitwise accounted for $11.54 million of that, while Franklin Templeton brought in $6.50 million.
Two days later, the pace picked up. On September 25, combined net inflows reached approximately $22.65 million, with Bitwise responsible for around $18.39 million.
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Total inflows across XRP ETFs have climbed to around $1.79 billion. Net assets sit somewhere between $1.7 billion and $1.8 billion, nearing that upper figure.
Bitwise leads the pack, with cumulative net inflows in a range of $613 million to $677 million. Franklin Templeton trails but is closing in on the $500 million mark.
How XRP ETFs got here Bitwise and Franklin Templeton launched their US spot XRP ETFs in November 2025. The pitch was simple: give investors XRP price exposure without making them manage the token themselves.
The products have also benefited from a friendlier regulatory backdrop around Ripple and XRP. XRP ETFs have since become a popular diversification pick, often sitting in portfolios alongside Bitcoin and Ethereum exposure.
Inflows up, price not so much The token has been trading under pressure near the $1.5 level, even as ETF money keeps arriving. Inflows into these funds have not tracked neatly with XRP’s price moves.
What this means for XRP and the ETF market Bitwise’s cumulative inflows outpace Franklin Templeton’s, and its daily contributions have been larger in recent sessions. Franklin Templeton is approaching $500 million in cumulative inflows.
What to watch next: whether daily inflows return to the $18 million to $22 million range seen in late September, whether cumulative inflows push past the $1.8 billion area, and whether XRP can hold or reclaim ground around $1.5.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
RLUSD dosáhl zhruba 2,4 mld. USD tržní kapitalizace a za měsíc vzrostl o více než 50 %. Ripple ale uvádí, že to samo o sobě nezaručuje vyšší poptávku po XRP.
The XRP Ripple RLUSD stablecoin has reached roughly $2.4Bn in market capitalization, with stablecoins gaining another source of dollar liquidity for digital-asset markets.
In a September 30 update, Ripple senior vice president of stablecoins Jack McDonald said RLUSD had grown more than 50% in a month and that average daily activity had more than tripled since the start of the year.
The $RLUSD monthly independent attestation for August is now live! And your quick rundown of the latest…
1/ $RLUSD continues to climb, reaching ~$2.4B in market cap, up more than 50% in a month. What’s more exciting… average daily activity has more than tripled since the start…
— Jack McDonald (@_JackMcDonald_) September 30, 2026
Ripple’s transparency dashboard listed $2.409Bn in circulating tokens against $2.5315Bn in reserve funds as of September 24. The figures show the scale of the dollar-linked token, but its expanding supply does not by itself establish higher demand for XRP or a higher XRP price.
RLUSD’s growth also comes with distribution across the Ethereum network and the XRP Ledger (XRPL), Ripple’s public network for transferring assets. The expansion may add liquidity and more settlement activity across those networks, while the investment case for XRP remains distinct from the stablecoin’s dollar-pegged function.
What do the RLUSD Reserve Figures Show?
(RWA.xyz)
The September 24 dashboard snapshot records circulating RLUSD and reserve funds at different amounts, with reserves about $122.5M above circulation. That comparison is specific to that date; it should not be merged with the separate August attestation, which covers earlier snapshots.
For August 31, the independent attestation recorded 2,325,969,308 outstanding tokens and reserve assets valued at $2,446,312,864, roughly $120.3M above the token amount. The examination, dated September 29, covered August 17 and August 31. Ripple’s transparency dashboard publishes monthly reserve reports, giving readers dated figures rather than a single undifferentiated balance.
RLUSD is designed to track the U.S. dollar. Reserve backing and redemption mechanisms help support that target: in practical terms, reserves provide assets intended to support tokens in circulation and their exchange for dollars.
What Does the Growth of RLUSD Mean for XRP Ripple? Ripple issues RLUSD through its subsidiary, Standard Custody & Trust Company, regulated by the New York State Department of Financial Services. RLUSD’s backing is separate from the issuer’s property, protecting the assets supporting the tokens.
As of September, RLUSD had a market cap of approximately $2.4Bn, with around $1.37Bn on Ethereum and $1.05Bn on the XRP Ledger. This expansion lets businesses use digital dollars for invoicing and settlements without relying on unstable cryptocurrencies.
In its first week on Spark’s Stablecoin FX Layer on Uniswap v4, RLUSD/USDS processed over $600M. The updated XRP Ledger AI Starter Kit allows AI agents to make one-time payments using XRP or RLUSD. While this boosts liquidity and usage, it doesn’t guarantee increased demand or value for XRP, as RLUSD is designed to maintain a dollar value, distinct from XRP’s fluctuating market price.
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Ripple has performed its scheduled monthly release of 1 billion XRP from escrow as October begins. Blockchain tracker Whale Alert reported four transactions that saw a total of 1 billion XRP unlocked from escrow.
The transactions are given as 400,000,000 XRP worth $595,636,565 at the time of unlock; 200,000,000 XRP worth $297,818,282; 300,000,000 XRP worth $446,727,424; and 100,000,000 XRP worth $148,909,141.
The release follows Ripple's established practice of unlocking XRP at the beginning of each month from its escrow accounts. While the headline figure is 1 billion XRP, the entire amount does not necessarily enter the circulating market.
Ripple has often returned a large portion (about 700 to 800 million XRP) of unlocked XRP to escrow, with the remainder used for operational purposes, ecosystem initiatives, and other activities.
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According to XRPScan data, the total XRP escrowed is given as 31,845,130,805 XRP (31.9% of supply), while the XRP circulating supply is given as 68,126,080,636 (68.1% of total supply of 100 billion XRP). A total of 14,394,279 XRP has been burned so far (0.014% of supply).
The next 24 hours will be watched to see how much Ripple returns to its escrow to get the exact amount of XRP left. For now, 31.845 billion XRP remains escrowed, down from over 32.4 billion XRP reported months back.
Ripple newsLendingProtocolV1_1 is open for validator voting. It introduces closed-ended vaults and cash-basis accounting for XRPL lending, and it must activate before the Lending Protocol and Single Asset Vault amendments can proceed.
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In a recent milestone, over 10 million x402 payments have now settled on the XRP Ledger, less than 3 months after hitting the 1 million milestone.
According to RippleX head of engineering JA Akinyele, the volume is still dominated by AI agents paying for inference and data, but a broader range of x402 services are beginning to show up across financial data, risk, credit, and other agent APIs. In addition, the latest 7-day run rate is now 500,000 payments per day'
In a major milestone, central securities depository CSD BR is recording securities ownership on a public blockchain for the first time—on the XRP Ledger. CSD BR is partnering with Ripple to bring Brazil's regulated capital markets onchain, starting with BTG Pactual fund shares secured by Ripple Custody.
XRP Ledger has processed more than 10 million x402 payments. The network now averages about 500,000 x402 payments daily. AI agents remain a major driver of automated payment activity. x402 supports payments using XRP and RLUSD for digital services. Ripple joined the x402 Foundation as a Premier Member to support protocol development. The XRP Ledger has passed 10 million x402 payments, less than three months after reaching its first million. RippleX head J. Ayo Akinyele said the network averages 500,000 x402 payments daily. He linked the rise to AI agents paying for online services.
XRP Ledger Records Rapid x402 Payment Growth The x402 protocol lets software send payments through HTTP requests. Coinbase launched the protocol in May 2026 using the HTTP 402 “Payment Required” code. Agents can pay for APIs, data, and digital services without accounts or manual approval.
We are excited to introduce x402–a new open source payments protocol built on HTTP rails.
Let’s break it down: pic.twitter.com/9PNI49NK7A
— Coinbase Developer Platform🛡️ (@CoinbaseDev) May 6, 2025
XRPL joined x402 through an implementation from t54. It supports XRP and RLUSD, while settlement usually finishes within seconds. The growth follows x402 adoption for AI agent payments, with networks connecting to the protocol.
AI Agents Drive Automated Payment Activity Akinyele said AI agents remain the source of most x402 activity on XRPL. These agents can locate services, pay for access, and continue tasks without waiting for manual approval.
The network crossed one million x402 payments within weeks of adding support in June. Activity rose after developers gained the XRPL AI Hub and AI Starter Kit. The kit lets agents send and receive XRP and RLUSD.
Low Fees Support Machine-to-Machine Payments XRPL charges a transaction fee near $0.0002, supporting frequent low-value payments. Payments settle within three to five seconds, giving automated systems a result before another task. Recent RLUSD growth across the XRP Ledger shows another payment asset gaining use on the network.
t54 said APIs and data services account for much of x402 activity. New services are appearing in financial data, credit, and risk tools. These uses give agents more options for buying digital resources directly.
Ripple Joins Wider x402 Standards Effort Ripple joined the Linux Foundation-backed x402 Foundation as a Premier Member. The group launched in July 2026 with 40 members from payments, cloud services, finance, and technology. Ripple can take part in technical and governance discussions around the protocol.
XRPL development continues beyond agent payments. Recent XRP Ledger upgrade activity includes work on features for linked transactions and other payment functions. For x402, the milestone shows automated payments now account for more network activity.
Akinyele previously said he expected XRPL to pass 10 million x402 payments quickly. He also said the network could reach 100 million over several years if AI agent use and supporting infrastructure continue to grow.
Uphold spustil Vault Inheritance pro Bitcoin, XRP a HBAR, aby držitelé mohli určit dědice svých digitálních aktiv. Po úmrtí Uphold po kontrole dokumentů schválí převod na účet dědice.
Uphold has rolled out Vault Inheritance, which is described as a legacy-planning option for customers who keep Bitcoin, XRP, and Hedera in the platform’s assisted self-custody wallet.
The company framed the product as a response to a problem unique to crypto: legal title can pass to an heir, but the cryptographic control needed to move coins often does not.
Vault itself launched in late 2023 as a 2-of-3 multisignature wallet inside the Uphold app.
Two keys belong to the user and one belongs to Uphold.
Two signatures are required to move funds, so the firm cannot unilaterally spend customer assets, while users still get help replacing a lost key and can trade without first leaving the app.
Inheritance is now layered on that structure. A holder invites a beneficiary from the Vault dashboard.
The invitee must be at least 18 and hold an Uphold account.
That person receives no view of balances, history, or addresses while the owner is alive, and the designation can be changed at any time.
After a death, the beneficiary starts a claim in the app and submits official records such as a certified death certificate or probate order.
Uphold’s compliance team reviews the paperwork.
Only after that review does the firm co-sign a transfer of Vault holdings into the beneficiary’s own Uphold wallet.
The company says the beneficiary needs no prior crypto experience.
For XRP, the ledger’s reserve rules still apply, so a small amount of XRP must remain in the account.
Nancy Beaton, Uphold’s president of consumer, said digital assets have become part of how many people build wealth, yet few simple tools exist to pass them on securely, “especially for XRP holders.”
The firm cited widely circulated estimates that millions of bitcoin—valued in the hundreds of billions of dollars—sit in wallets that are effectively unreachable because owners died or lost keys.
Those figures mix several kinds of inaccessibility and should be treated as industry estimates rather than a precise inventory.
Even so, they capture the practical gap the product is meant to close.
Vault currently supports BTC, XRP, HBAR, and a short list of XRPL tokens, with more networks planned.
Availability follows Uphold’s existing footprint, including the United Kingdom, the European Economic Area, most US states, and other supported regions.
The design is a compromise.
Users keep day-to-day control and can still move coins independently if Uphold’s systems fail.
They also accept a paid subscription and place trust in the firm to verify claims and co-sign the final transfer.
That is different from leaving seed phrases in a will or relying on a purely self-managed wallet, where a missing phrase can lock an estate out of the funds forever.
It is also different from a conventional brokerage account, where beneficiary designations are usually free and the custodian already holds the assets.
For holders who want self-custody without treating key management as a family project, Vault Inheritance is a narrower, productized path: name one adult beneficiary, keep the coins private in life, and let a documented claim, plus Uphold’s remaining key, complete the handoff after death.
Coinbase získala schválení od CFTC pro spuštění vlastního amerického clearingového centra pro kryptoderiváty. Analytici to spojují s potenciálem pro XRP a cílem 10 USD.
Coinbase has secured approval from the Commodity Futures Trading Commission (CFTC) to launch its own US-based crypto derivatives clearinghouse, a development that could have significant implications for XRP within the regulated derivatives market.
XRP’s integration with Coinbase derivativesXRP is already traded on Coinbase’s derivatives platform, underscoring its established presence within the exchange’s trading ecosystem. Market observers note that Coinbase focuses its infrastructure efforts around assets that are actively supported, not marginalized. This move signifies that XRP is situated within a market Coinbase views as important for the future of regulated crypto trading.
Crypto analyst Levi Rietveld from Crypto Crusaders emphasized the importance of regulated infrastructure, stating that the development is not about short-term price speculation, but rather an expansion of robust market foundations. Rietveld noted, “This isn’t about guessing where XRP’s price goes next; it’s about Coinbase expanding the regulated infrastructure around a market where XRP is already traded.”
This development centers on Coinbase increasing regulated infrastructure in markets where XRP is already present, which analysts say could make the asset more accessible to institutional participants.
The focus remains on infrastructure and compliance, moving beyond volatile sentiment to highlight the environment in which XRP now operates.
Institutional adoption through regulatory clarityInstitutional investors often require regulatory certainty before allocating significant capital to crypto markets. The establishment of Coinbase Clearing LLC as a CFTC-registered derivatives clearing organization addresses this need, supporting fully collateralized instruments such as futures, options on futures, and swaps, with USDC as collateral and 24/7 settlement available for participants.
Coinbase, a leading American cryptocurrency exchange, now controls all key components of a regulated derivatives infrastructure: a futures commission merchant, a derivatives exchange, and a clearinghouse. This comprehensive structure is expected to provide the support and confidence institutions look for when considering large-scale entry into digital assets.
Rietveld explained that if institutional investment in crypto continues to rise, regulated infrastructure such as this gives XRP an advantage as it is already included on Coinbase’s derivatives platforms.
Mini dictionary: CFTC-registered derivatives clearing organization, an entity approved by the CFTC to clear and settle derivatives trades in compliance with US regulations, offering transparency and security for institutional and retail participants.
$10 price projection linked to infrastructure developmentRietveld connected the regulatory advancement directly to a potential XRP price target of $10 and higher, suggesting that the growth of regulated infrastructure is critical for unlocking institutional participation at scale. He argued that significant financial flows are likely to move through venues with strong compliance frameworks, which could boost demand and liquidity for XRP moving forward.
He further indicated that as Coinbase’s regulated clearinghouse expands and supports XRP, it could facilitate access for institutional traders, who are typically required to operate within regulated environments.
Access to regulated clearing venues could be the catalyst that increases institutional demand for XRP, a trend that some analysts believe is essential for major price appreciation.
The projection draws a direct line from regulatory clarity and market infrastructure to potential price milestones, highlighting the role of institutional engagement in driving expansion.
Broader market impactCoinbase’s approval marks one step in a larger shift toward more regulated frameworks within US crypto markets. This trend, characterized by clear regulatory oversight and expanded access to compliant derivatives, is seen as a catalyst for higher trading volumes and potentially greater price discovery.
XRP’s position within this environment is notable, as regulated infrastructure developments support larger market participation and may differentiate XRP from assets lacking similar integration. Rietveld and other analysts point out that the long-term significance of these developments may outweigh short-term speculation on price movements.
RippleX otevřel hlasování validátorů o aktualizaci LendingProtocolV1_1 pro XRPL. Aktivace ale vyžaduje i schválení původních návrhů LendingProtocol a SingleAssetVault.
The XRP Ledger has now inched closer to launching its long-awaited native lending infrastructure. The new LendingProtocolV1_1 amendment is now open for validator voting.
RippleX announced on Sept. 30 that validators can now evaluate and vote on LendingProtocolV1_1.
The upgrade comes with two significant changes to the XRPL lending architecture: closed-ended lending vaults and cash-basis accounting.
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The amendment extends two other proposed pieces of XRPL infrastructure (LendingProtocol and SingleAssetVault).
According to RippleX, LendingProtocolV1_1 must activate alongside the original LendingProtocol and SingleAssetVault amendments.
The amendment changes how that pooled capital can be used for lending.
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It was included in XRP Ledger server version 3.4.0, released on Sept. 16. The release formally introduced LendingProtocolV1_1 to 'xrpld.'
Opening validator voting is not the same as activation.
A proposed change must receive support from more than 80% of trusted validators. Furthermore, it must maintain that level of support for two weeks. If support falls back to 80% or below during that period, the two-week countdown resets.
Closed-ended vaultsLendingProtocolV1_1 has introduced the ability to create a second type of Single Asset Vault.
Single Asset Vaults pool one type of asset from multiple depositors and make that capital available to another protocol. A vault can hold XRP, a trust line-issued token or a Multi-Purpose Token.
An open-ended vault works like an investment pool that remains continuously accessible. Users can deposit capital and receive shares based on the prevailing price per share.
Approving V1_1 alone would not suddenly create a functioning XRPL lending market.
RippleX says all three amendments (SingleAssetVault, LendingProtocol and LendingProtocolV1_1) are required for operational lending.
The Sept. 30 vote should be viewed as a procedural milestone.
Brad Garlinghouse řekl, že Ripple používá XRP hlavně pro přeshraniční platby díky rychlosti a nízkým poplatkům. Zároveň dodal, že XRP není vhodné pro každý případ použití.
Ripple CEO Brad Garlinghouse has outlined the company’s approach to XRP, cross-border payments and the wider digital asset market, while highlighting the need for clear regulations around cryptocurrencies.
Speaking in a recent interview, Garlinghouse said cryptocurrencies need to have practical use cases and address specific problems. He cited cross-border payments as one of the areas where Ripple uses XRP.
Garlinghouse Highlights XRP’s Payment Use CaseGarlinghouse said Ripple uses XRP to address challenges in cross-border payments, pointing to the asset’s transaction speed and relatively low transaction costs.
He also discussed potential applications for digital assets in machine-to-machine and small-value payments. According to Garlinghouse, such use cases could require payment systems capable of processing transactions worth fractions of a cent.
At the same time, he said XRP is not suitable for every use case and that different digital assets can serve different purposes.
Ripple Sees Regulatory Clarity as ImportantGarlinghouse also discussed the impact of regulation on cryptocurrency adoption.
He said financial institutions are cautious about adopting digital assets when regulatory requirements are unclear. He pointed to the GENIUS Act as an example of legislation that provided greater clarity for stablecoins, particularly around disclosures and reserves.
According to Garlinghouse, stablecoin payment activity increased following the introduction of clearer rules.
He also referred to Ripple’s legal case involving the U.S. Securities and Exchange Commission, saying the company spent four years and about $150 million defending the case.
Garlinghouse pointed to the court’s finding that XRP itself is not a security as providing greater clarity for Ripple. He added that the wider cryptocurrency industry still faces regulatory uncertainty around how different digital assets should be classified.
Ripple Expands Its Payments BusinessGarlinghouse said Ripple initially focused on banks and payment providers but is now expanding its reach through acquisitions.
He highlighted Ripple’s acquisition of GTreasury, a treasury management company that serves large businesses. According to Garlinghouse, companies using GTreasury collectively handled about $13 trillion in payments during the previous year.
Ripple sees the network of corporate finance teams and treasurers using the platform as a potential distribution channel for its payment technologies.
Garlinghouse said Ripple could introduce stablecoin or XRP-based payment options to companies looking for alternatives for international transactions.
Garlinghouse Separates Ripple From XRPThe Ripple CEO also addressed the relationship between the company and XRP.
He said the XRP Ledger is open-source and decentralized, while Ripple controls about 2% of its validators. According to Garlinghouse, ownership of XRP does not provide control over the network’s governance because the ledger does not use a proof-of-stake system.
He argued that Ripple’s ownership of XRP should therefore not be interpreted as control over the XRP Ledger.
Garlinghouse Says Crypto Could Serve Different RolesGarlinghouse also discussed the potential role of cryptocurrencies as long-term financial assets.
He described Bitcoin as a store of value and said other digital assets could develop around different use cases. He specifically identified payments as an area where XRP is focused.
Garlinghouse said he expects financial institutions to continue exploring digital assets as the cryptocurrency industry develops.
For XRP, the focus remains on payments, financial institutions and the use of blockchain technology for moving value across borders.
Story Ends Here
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XRP získává pozornost, protože je nativně kompatibilní se standardem ISO 20022, který banky a platební firmy zavádějí pro přeshraniční platby. Ripple jej vnímá jako bridge asset pro tyto transakce.
The growing alignment between Distributed Ledger Technology (DLT) and the ISO 20022 global financial messaging standard is drawing renewed attention to XRP, the native digital asset of Ripple. Unlike other cryptocurrencies such as Stellar Lumens and Hedera Hashgraph, XRP’s protocol was developed for native compliance with ISO 20022, positioning it as a key participant as banks and payment providers move toward the new standard.
ISO 20022 standard reshapes paymentsISO 20022, an internationally recognized protocol for electronic data interchange among financial institutions, offers richer, more structured data and enables faster cross-border transactions. Global payment network SWIFT has mandated a transition to ISO 20022 messaging for all banks by the end of the year, pushing the entire financial industry to update their systems.
Recent coverage in nocash Magazine described scenarios where XRP operates as a bridge currency alongside Central Bank Digital Currencies (CBDCs) within centralized payment systems. By using On-Demand Liquidity (ODL), Ripple’s technology allows major banks to exchange XRP for local currencies almost instantly, directly addressing challenges tied to cross-border settlements for SWIFT-participating financial organizations.
The practical implications of this integration could see a significant portion of legacy payment volume being moved on-chain, streamlining international transactions and potentially increasing reliance on digital assets designed for compliance with global standards.
Mini dictionary: ISO 20022, a global standard for financial messaging, promotes interoperability and faster, more secure payments across international banks and financial institutions. Its adoption is reshaping how data is exchanged for cross-border transactions.
XRP’s positioning and projected impactRipple, a US-based fintech company focused on real-time cross-border payments, has emphasized XRP’s potential role in the global payments landscape. Previously, Ripple CEO Brad Garlinghouse projected that XRP could capture up to 14% of SWIFT’s $155 trillion annual transaction volume.
Last year, Ripple strengthened its payment offerings through the acquisition of GTreasury, a treasury management platform that processed $13 trillion in transfers – although these volumes did not yet include digital assets. Ripple has indicated plans to bridge this gap in 2024 as financial institutions accelerate ISO 20022 adoption.
EntityAnnual VolumeRoleSWIFT$155 trillionTraditional global paymentsRipple$13 trillionCorporate payments (GTreasury, 2023, not digital)SWIFT’s move to ISO 20022 is expected to bring more cross-border activity on-chain, with Ripple promoting XRP as a bridge asset for these transactions.
Debate over Bitcoin and complianceIndustry observers hold differing views on how the ISO 20022 migration might affect established cryptocurrencies such as Bitcoin. Blockchain researcher SMQKE has argued that Bitcoin’s global market dominance could weaken if financial institutions value compliance with ISO 20022, a standard where XRP is already positioned favorably.
However, analyst Macro Bombastic countered this perspective, suggesting Bitcoin’s robust infrastructure and deep liquidity would maintain its relevance regardless of the standard. “Bitcoin doesn’t need ISO 20022 to keep doing its thing,” Macro Bombastic commented, noting that Bitcoin continues to lead daily trading volume among digital assets by a wide margin.
ISO 20022 may be a key test for traditional finance institutions adapting to new technology, with Ripple’s XRP holding a unique position due to its native compatibility with the standard.
Interplay with CBDCs and global adoptionThe convergence of CBDCs and ISO 20022 adoption creates further opportunities for XRP. Current research indicates that nearly 80% of countries are piloting or developing their own digital currencies. XRP’s integration with emerging CBDC platforms as a bridge asset could reinforce its role in facilitating efficient, cross-border digital settlements.
As Ripple’s technology enters new corporate and governmental channels, XRP’s alignment with global financial messaging standards is drawing wider institutional attention, especially as banks seek interoperability in a rapidly digitizing landscape.
Ripple oznámil partnerství s CSD BR za účelem tokenizace brazilských kapitálových trhů na XRP Ledgeru, přičemž se začíná s podíly fondu BTG Pactual. Současně XRP čelí odporu v pásmu 1,50–1,70 USD.
Among the giants, Ripple may be at the most critical turning point.
Technically speaking, the $1.5-$1.7 region remains a formidable barrier for XRP. The altcoin has failed to overcome this obstacle since the beginning of the year.
Moreover, the altcoin has been moving sideways around this level for over four weeks now. At first glance, this looks like textbook accumulation where buyers take control and absorb supply.
However, on-chain data says otherwise. According to a CryptoQuant report, XRP’s Binance Scarcity Index (BNI) is at its lowest level since January 2025, which means there is a growing supply of XRP on Binance.
Thus, the lower the scarcity, the higher the amount of tokens available for selling in the market, which undermines the long accumulation thesis.
Source: CryptoQuant Interestingly, XRP’s Open Interest is also seeing its strongest growth since August 2025.
Since late August, XRP has gained more than 70% and is currently trading at $1.50, a roughly 50% increase over the past month. Binance Open Interest has been increasing as well, indicating that leveraged funds are flowing into the market.
With monthly Open Interest growth averaging nearly 1.3%, XRP has seen its strongest increase since August 2025. This implies that the recent increase in price is being driven not only by spot buying but by futures as well.
Put together, this makes XRP’s setup look less like ideal accumulation and more like a potential bull trap. However, as far as the XRP Ledger is concerned, things are looking good, and the fundamentals continue to improve.
The question now is whether Ripple [XRP] can catch up to its fundamentals or whether rising leverage will keep the rally vulnerable.
XRP’s strong fundamentals face rising on-chain risks Ripple is kicking off Q4 with a major strategic move.
In a post on X, Ripple announced that CSD BR is partnering with Ripple to tokenize Brazilian capital markets on the XRP Ledger, starting with the shares of the BTG Pactual fund, secured through Ripple Custody.
This could give the XRP Ledger a bigger role in Brazil’s growing tokenization market, adding another layer to Ripple’s growing institutional momentum.
The timing is also critical. As the chart below shows, the supply of stablecoins on the XRP Ledger has hit a new all-time high of $1.2 billion, up 4% this week alone.
That means more than $50 million in fresh liquidity has entered the network. With more than 90% of this supply being RLUSD, the stablecoin’s own supply has also hit a record $2.5 billion, further boosting XRPL’s liquidity setup.
Source: DeFiLlama Together, liquidity and new institutional use cases point to increased activity across the XRP ecosystem.
This, in turn, could keep XRPL activity, tokenization, and liquidity growing in the short term. But the bigger picture remains mixed.
On-chain weakness and rising leverage are creating pressure, while Ripple’s institutional moves, record RLUSD supply, and strong technical strength provide support.
That puts XRPL’s fundamentals at a crucial juncture for this cycle. Breaking above the $1.50 resistance without a significant leverage unwind would demonstrate that the increased network activity is beginning to have a material price impact.
More importantly, it provides investors with an area to watch as Ripple enters Q4, which makes it an interesting trend to follow for XRP’s next move.
Final Summary XRP faces strong resistance at $1.50–$1.70 as leverage and selling pressure rise. Growing XRPL activity and record RLUSD supply could support XRP in Q4.
