XRP is trading at $1.46, up 9.4% over the past 24 hours, after breaking through a downward trend line it had been stuck under for days. The move took XRP from roughly $1.33 to $1.46, one of its strongest single-day gains recently.
A Key Support Level Was Just Defended
XRP had dropped to a critical support level around $1.36 the day before, a level that needed to hold or risk a deeper fall toward $1.27. XRP held that line, then pushed higher, an important sign that buyers stepped back in.
What Needs to Happen Next
If XRP can close today’s session above the resistance line it just broke, the next real target becomes $1.54. But XRP still hasn’t cleared a bigger obstacle above that, a long-term resistance zone between $1.50 and $1.80 that has capped rallies for months.
Until XRP breaks cleanly above that zone with real follow-through, the bounce could still turn out to be temporary rather than the start of a bigger rally.
Why This Moment Matters
XRP is currently sitting in a tight, undecided zone. If buyers keep control and push above resistance, the path opens toward $1.80 to $2, an area that acted as strong support for most of 2025 before XRP lost it and fell sharply, eventually bottoming near 98 cents.
But if XRP fails to clear resistance and starts drifting sideways for a couple of weeks instead, a retest of that low remains a real possibility, echoing a similar pattern that played out after XRP’s 2022 bottom, when the token rallied, stalled out in a similar zone, and eventually slid back down.
Bottom Line for September 4
XRP has bounced back impressively, but the token hasn’t proven the rally is durable yet. There’s real hope XRP breaks out for good, but if it stalls and drifts sideways over the next couple of weeks instead of pushing higher with strength, that wouldn’t be a reason to panic, it would simply mean XRP needs more time to build a base before its next real move.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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A prominent supporter of Jake Claver on X has published a chart analysis comparing XRP’s potential 2026 price action to its historic rally in 2024. According to the post, the patterns appear nearly identical, fueling speculation among XRP investors.
Descending triangle pattern observed againThe fan account highlighted a descending triangle on both the 2024 and 2026 XRP charts. In 2024, XRP registered two clear lows inside a narrowing triangle and pressed against long-term support before staging a dramatic upside move.
During that period, XRP surged from $0.50 to more than $3 within several weeks, representing a gain of over 500%. The 2026 chart appears to be replicating this structure, once again displaying two lows within a descending triangle, both marked with green circles on the shared chart.
The second low for 2026 emerged as XRP dipped below $1 in August. The price then rebounded sharply, rising by more than 50% within just a few days. However, the asset remains within the triangle formation, and the chart indicates that there could be one final test of the lower boundary before another significant breakout, mirroring the previous cycle.
Mini dictionary: Descending triangle, a technical analysis chart pattern defined by a horizontal support line and a downward-sloping resistance line. Traders commonly watch for a breakout from this structure, which can indicate a strong price movement in the direction of the breakout.
In the post, readers were encouraged to “Imagine XRP at $20,” suggesting that 5,000 XRP could be valued at $100,000 if the asset follows the projected path.
Projection and analysis for 2026The chart’s detailed structure points to the importance of the retest. Many analysts previously predicted that XRP would drop below $1 in 2026, which recently occurred before the asset staged a rapid recovery. The analysis suggests that a more substantial move could occur before any decisive breakout.
The projection line on the shared chart targets the $4 range as an initial upside objective. The $20 target, discussed in the account’s post, represents a far more optimistic scenario, and is tied to continued positive developments for the XRP ecosystem.
YearPattern ObservedInitial PricePeak PricePrice Target2024Descending triangle$0.50$3$3+2026 (Projected)Descending triangle$1Not reached$4–$20 The account linked the $20 price target to the scenario in which Ripple, the company behind the asset, prevails in its ongoing initiatives, suggesting holders of 5,000 XRP could benefit from significant gains.
Ripple’s role in the projectionRipple, known for its work in payments technology and blockchain solutions, continues to expand institutional infrastructure and promote XRP’s use cases globally. The community’s enthusiasm for such a steep price rise rests partly on the belief that regulatory outcomes and institutional adoption will foster new highs.
The post described the possibility that with Ripple’s progress, XRP holders could see their holdings surge in value and called XRP “the next big thing,” framing the asset as a potential opportunity for early investors.
Community expectations draw on the price explosion observed in 2024, with many investors monitoring technical signals for a repeat performance.
The Bank for International Settlements (BIS) tested the XRP Ledger as a tool for making official statistics tamper-resistant, using blockchain hashes to verify data origin and integrity.
BIS Working Paper No. 1374, published September 2, anchors cryptographic fingerprints of official datasets directly onto XRPL rather than storing the data itself on-chain.
How the BIS Proof of Concept Actually WorksThe paper addresses a specific gap in SDMX, the standard international organization that is used to exchange official economic and financial statistics. SDMX lacks a native cryptographic mechanism to validate data once it has been redistributed.
Researchers generated a cryptographic fingerprint for each dataset using SHA3-512 hashing, grouped multiple fingerprints into a Merkle tree, and anchored the resulting root value on XRPL.
A signed W3C Verifiable Credential identifies the publisher, allowing users to verify authorship and integrity with a single ledger lookup.
“…Specifically, a particular type of blockchain – the XRP Ledger (XRPL) – has been used as a proof of concept because of its low nominal fees, fast consensus finality, availability of developer resources and technical analysis of the consensus protocol…,” The Bank for International Settlements said.
Only the fingerprints get recorded on-chain. The underlying statistics remain off-chain, preserving confidentiality while allowing one ledger entry to cover thousands of datasets simultaneously.
The prototype showed median publication times of 3 to 5 seconds and verification times of 1 to 2 seconds, according to the paper’s own performance measurements. BIS published the reference implementation as open source through BIS Open Tech.
Properties Preserved Under Each Isolated Compromise. Source: BISWhy the XRP Token Itself Played No PartEvery anchoring transaction in the prototype carried a minimal, fixed value of 10 drops, roughly 0.00001 XRP, solely to satisfy the network’s technical requirement for ledger acceptance. The token functioned only as a transaction cost, not as an asset being tracked, exchanged, or referenced by the system.
The paper’s own architecture makes this explicit. Its cost model treats the XRPL fee as a negligible line item, noting that on-chain costs become economically irrelevant compared to storage and processing once datasets are batched efficiently.
That framing matters. The research paper adds another institutional use case for XRPL as infrastructure, though it does not indicate the BIS has adopted the network for official operations, nor does it engage with XRP as an asset in any capacity.
“Consistent with institutions testing public rails over time. They don’t want a press tour, they just published the test. Once a ledger is good enough for official records, the next phase comes,” Vandell Aljarrah, co-founder of Black Swan Capitalist, said.
Most traders on the XRP Ledger (@XRPLF) never see it happen, but $XRP is quietly stepping into the middle of thousands of trades every day, improving prices that would otherwise come out worse.
How Auto-Bridging Works When two tokens on the XRP Ledger lack a deep direct market between them, the ledger does not simply accept a poor rate. Instead, it routes the trade through $XRP automatically. The protocol triggers this only when the bridged route produces a better outcome, not by default on every trade.
A single order can also take both paths simultaneously. Part of the order fills against the direct book, and the remainder routes through $XRP, with the ledger handling the split automatically.
The same logic applies to cross-currency payments. A dollar-to-peso payment, for example, can pass through $XRP when that corridor offers a cheaper path.
Liquidity Requirements and the AMM Addition Auto-bridging only delivers better prices when the $XRP pairs involved hold sufficient liquidity. Thin XRP order books would erode rather than improve the final rate, so the depth of those markets matters.
The liquidity picture has expanded since 2024.
The practical effect is that $XRP functions as quiet infrastructure inside the ledger, connecting markets that would otherwise struggle to price efficiently against each other, without the user needing to do anything at all.
In brief Spot Ethereum ETFs posted $48.08 million in net outflows Wednesday, ending a 12-day inflow streak that had pulled in $1.62 billion. Spot XRP ETFs recorded $7.2 million in outflows, snapping an 11-session run that brought in roughly $170 million and pushed cumulative inflows to $1.68 billion. Bitcoin ETFs rebounded with $101.15 million in net inflows, a day after posting $236.5 million in outflows, their largest single-day exit since July 31. US spot Ethereum and XRP ETFs broke their winning streaks on Wednesday. Bitcoin funds went the other way, pulling in $101.15 million in fresh money, per SoSoValue and Decrypt data.
ETFs, or exchange-traded funds, are funds that trade like stocks and let investors buy exposure to a cryptocurrency's price through a regular brokerage account instead of holding the coin itself. Crypto ETFs have been extremely popular among investors, and market observers keep a close eye on the money going in and out of these funds as a key indicator of current sentiment.
Bitcoin ETF Net Flows. Image: DecryptEthereum ETFs had logged 12 straight days of net inflows, meaning more money came into the funds than left them every single day for two and a half weeks. That streak gathered $1.62 billion before ending Wednesday with $48.08 million walking out the door.
BlackRock's iShares Ethereum Trust (ETHA) led the exodus with $53.4 million in outflows. Fidelity's FETH lost $26.2 million, and Grayscale's Ethereum Staking ETF (ETHE) shed $23.5 million. BlackRock's staked Ethereum ETF, ETHB—a fund that locks up its Ethereum to earn network rewards and passes some of that yield to shareholders—absorbed part of the damage with $52.9 million in inflows.
Ethereum ETF Net Flows. Image: DecryptXRP told a similar story on a smaller scale. Its 11-session streak had brought in about $170 million, lifting cumulative inflows to $1.68 billion, before Wednesday's $7.2 million outflow. The withdrawal came almost entirely from Bitwise's XRP fund, while the four other XRP products, issued by Franklin, Canary, 21Shares and Grayscale, recorded no flows either way.
Bitcoin moved in the opposite direction. Wednesday's $101.15 million inflow reversed Tuesday's $236.5 million outflow, the category's largest single-day exit since July 31, when BlackRock's IBIT alone accounted for 85% of the damage. This time IBIT led the comeback, pulling in $115.45 million on its own, more than the day's entire net total, while Grayscale's original GBTC fund still lost $56.21 million.
The whiplash caps a volatile stretch. Bitcoin ETFs pulled in $3.52 billion in August, their best month of 2026, a run that included a $606 million single-day haul in mid-August, the biggest since May. Total net assets across the category now sit at $97.22 billion, with cumulative inflows near $54.7 billion since the funds launched in January 2024.
XRP ETF Net Flows. Image: DecryptSeptember has a habit of testing that momentum. Bitcoin has closed the month lower in eight of the past 13 years, a pattern Decrypt has tracked as Red September, and this year's version arrives with the Federal Reserve's rate decision landing September 15 to 16, the first hike debate since the central bank's 2022-2023 tightening cycle
Why the money picked BitcoinWednesday's split wasn't just Ethereum and XRP losing steam. Solana ETFs also posted a $6.13 million outflow the same day, meaning three of the four major crypto ETF categories retreated while only Bitcoin advanced. That's a narrower signal than "crypto is cooling"—it looks more like capital consolidating into Bitcoin specifically rather than spreading across digital assets broadly, a pattern that also showed up during last month's institutional buying spree.
In the most overly simplistic explanation, Bitcoin is the bigger, thus safer asset in the ecosystem.
Myriad: Bitcoin's next price move? Click to make your prediction.Another thing to consider comes with simple market expectation. Ethereum and XRP had each just run their longest inflow streaks in months, 12 and 11 sessions respectively, so a pause to lock in gains was overdue on both. Bitcoin, by contrast, was coming off Tuesday's outflow and had room to bounce.
The rest is macro nerves. Fed Chair Kevin Warsh's hawkish Jackson Hole remarks pushed September rate-hike odds above 60% on the CME's FedWatch tool, and when crypto investors get defensive, Bitcoin is typically the first asset they buy back into and the last one they exit, since it carries the deepest liquidity and the longest institutional track record of any crypto ETF on the market. XRP and Ethereum, both newer and thinner by comparison, tend to see that caution show up as outflows first.
The simplest explanation tends to be the right one.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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The crypto market rallied sharply Thursday as easing rate fears, Treasury liquidity measures, and renewed institutional demand strengthened risk appetite.
Bitcoin price surpassed $81,000, Ethereum price regained above $2,490, and XRP price led other major tokens. Reductions in employment indicators and large liquidations were impetus throughout the digital assets in the expansive market growth.
Crypto Market Rallies as Bitcoin, ETH, XRP and Major Altcoins Surge The total cryptocurrency capitalization increased by 5% over 24 hours, with tokens in the broad gains. Bitcoin price climbed nearly 5%, adding $3,200 within four hours before moving above $81,000. The progress wiped five days of losses and stretched the recovery of August.
Bitcoin price gained roughly 25% last month, its best monthly performance since November 2024. Ethereum price rebounded to $2,490, and Solana price rose to over $104 and XRP price rose approximately 10%.
Cardano price increased by 13%, Dogecoin price increased by 10%, and Sui price by over 17%.
Coin360 data Cryptocurrency stocks surged as the mood rose among the digital asset markets. The coordinated returns indicated that investors were flocking back to risky assets.
Cooling US Labor Data and Falling Rate Expectations Boost Risk Assets Thursday’s releases encouraged expectations for easier monetary policy. The first jobless claims were 206,000, which surpassed 205,000 expectation and 203,000 level. ADP also showed 38,000 payroll additions, short of the expected 47,000 and an indicator of employment weakness.
The numbers reduced Treasury yields and undermined the dollar with investors reviewing the Fed policy. The labor softness was against the ISM Services Index that was 55.4. The reading was higher than the 54.3 prediction and ensured further growth of service-sector.
The reports were considered by investors to favor a potential rate cut, which tends to favor risk assets. The next market direction and policy expectation test is the jobs report on Friday.
Bitcoin ETF Inflows and Short Liquidations Accelerate the Market Rally Liquidity improved after the Treasury announced up to $12.5 billion in short-term debt buybacks. Settlement is Friday, although the operation does not represent quantitative easing. Long-term buybacks were considered by investors as they could enhance liquidity in the market.
Spot Bitcoin ETFs recorded $101 million in Wednesday inflows, restoring demand. September began with $236.46 million leaving, followed by another $9.3 million the next session. Spot Ether funds reported an outflow of 48 million and their 12-day streak of positive performance came to a close.
Bitcoin’s advance liquidated over $300 million in shorts, forcing traders to repurchase exposure. The cascade accelerated Bitcoin’s move above $81,000 and lifted the cryptocurrency market.
CLARITY Act Senate Vote Fuels Regulatory Optimism Ahead of September 15 There was optimism with regulatory expectations approaching end of September 15. The CLARITY Act is likely to be voted on in a Senate procedural vote. It would not determine final passage, but only signify that lawmakers take the proposal into account.
SEPTEMBER 15 IS GETTING CLOSER.
The CLARITY Act is now just days away from a key Senate test.
The vote is on whether to move forward with consideration of the bill, not final passage.
If it clears this hurdle, the U.S. gets one step closer to finally having a proper regulatory… pic.twitter.com/e5KVc6xv4N
— That Martini Guy ₿ (@MartiniGuyYT) September 3, 2026
The act of clearing it would bring Congress nearer to a federal cryptocurrency market structure. Proponents feel that regulation would promote investment and decrease uncertainty to the exchanges, issuers and institutions. Nevertheless, the procedural vote is just a part of a legislative process.
This has traders waiting to see whether the measure will get enough Senate support to pass. Important near-term factors include the macroeconomic data, ETF demand, Treasury yields and the jobs report on Friday.
The total crypto market cap climbed to $2.7 trillion, up 0.9% over 24 hours, with $73.5 billion in trading volume. But the headline number hides a clear divergence. Bitcoin is up just 2% over the past 24 hours, while several altcoins are posting far stronger moves.
Zcash Leads the Comeback
Zcash has emerged as one of today’s standout performers, up 6.3% in 24 hours and 8.2% over the week to trade at $851.99. XRP is close behind, up 4.8% on the day to $1.39, with a 7-day volume of $2.59 billion. BNB also outpaced Bitcoin, gaining 4.5% to reach $711.78. Ethereum sits at $2,426.89, up 1.9% daily and down 3.1% weekly, while Solana gained 3.8% to $101.47.
Why the Rotation Is Happening
Several macro threads are feeding into today’s move. Gold futures surged above $4,500 an ounce, adding more than $1 trillion in market cap in a single day, as inflation expectations mounted alongside rising oil prices.
Inflation has now stayed above the Fed’s 2% target for 65 consecutive months, framing the broader rally across commodities as a signal that the US dollar is losing purchasing power in real time.
Labor market data added fuel to rate-cut expectations. Jobless claims came in at 206,000 against a forecast of 205,000, while ADP payrolls rose just 38,000 versus an expected 47,000.
Kobeissi called it a “double miss” that strengthens the case for a Fed rate cut, a dynamic historically supportive of risk assets including crypto, while pressuring Treasury yields and the dollar. Friday’s official jobs report remains the next major catalyst for markets.
ETF Flows Stay Positive for Bitcoin
Despite Bitcoin’s comparatively slower price action, institutional demand hasn’t dried up. According to Wu Blockchain, US spot Bitcoin ETFs pulled in $101 million in net inflows on September 2, led by BlackRock’s IBIT with $115 million. Spot Ether ETFs saw the opposite trend, posting $48.08 million in net outflows, even as BlackRock’s Staked ETH ETF attracted $52.91 million.
A Seasonal Wildcard
Analyst and trader Crypto Rover flagged a historical pattern worth watching. Bitcoin has just entered September, historically its weakest month, with an average return of -2.92%. October, by contrast, has been stronger, averaging +19.92% and posting gains in 10 of the last 13 years.
What It Means
Today’s move looks less like a broad Bitcoin-led rally and more like capital rotating into altcoins, Zcash, XRP, and BNB in particular, while Bitcoin consolidates near recent highs. With inflation running hot, gold surging, and labor data reinforcing rate-cut bets, the setup heading into Friday’s jobs report could determine whether this rotation extends or Bitcoin reclaims its usual leadership role.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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The total crypto market cap jumped to $2.8 trillion, up 3.9% over the past 24 hours, as Bitcoin surged roughly 5% to break above $81,000, triggering a wave of short liquidations across the market.
Bitcoin Leads, But Altcoins Are Outrunning It
Bitcoin is trading at $80,958.93, up 5.6% on the day. Roughly $140 million in crypto shorts were liquidated within 60 minutes as BTC broke through the key $81,000 level.
But the bigger story today is how far altcoins are outpacing Bitcoin’s already strong move. Zcash is the standout, surging 17.7% in 24 hours and 20% over the week to trade at $943.48, with volume more than doubling to $750 million. XRP jumped 10% to $1.46, Solana climbed 6.3% to $104.63, Cardano rallied 12.7% to $0.2227, and Dogecoin gained 9.6% to $0.08981. BNB and Chainlink both rose more than 5.8%, while Hyperliquid added 4.4%.
Why Altcoins Are Catching Fire
Crypto trader Michaël van de Poppe pointed to a pattern now playing out in real time. When Bitcoin stalls within a range, momentum tends to rotate into altcoins, and the longer that range holds, the stronger altcoin outperformance tends to get. With Bitcoin now breaking decisively higher rather than stalling, that rotation appears to be accelerating rather than pausing.
Experts also pointed to broader altcoin market structure, arguing that the “OTHERS” category, altcoins excluding Bitcoin and Ethereum, is on the verge of breaking out of a large bullish pattern, calling it an early sign that the altseason is just getting started.
A Strong Close to the Summer
The rally caps what one market update described as crypto’s best month of 2026 so far. Bitcoin posted one of its strongest monthly performances of the year in August, while the combined market cap of the top 100 altcoins slightly outperformed it. However, the strength wasn’t confined to a handful of large-cap names, both average and median altcoin returns came in solidly positive for the month.
What It Means
With Bitcoin breaking key resistance, over $140 million in shorts wiped out, and altcoins like Zcash, XRP and Cardano posting double-digit gains, today’s move looks like a broad-based rally rather than a Bitcoin-only rebound. If the current rotation pattern continues, traders will be watching whether altcoins keep extending their lead into the historically stronger months ahead.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Bitcoin (CRYPTO: BTC) is back above $80,000 after Fed Governor Christopher Waller said he is willing to hold rates steady at the Sep. 15 meeting.
Waller Backs September Rate Hold as Inflation CoolsAs Benzinga reported Thursday, Waller told Reuters that he supports holding rates provided August inflation does not surprise to the upside.
“If there is continued progress toward our 2% goal, then I am willing to support holding the policy rate at its current level,” Waller said, adding that a hot inflation print would put a hike back on the table.
His case rests on the three-month core inflation run rate falling from 4.76% in February to 3.05% through July, a pace he called encouraging despite annual PCE still running at 3.3%.
Trending
Fed futures currently price in a 51% chance of a September hike according to CME FedWatch, making August CPI the swing input for markets.
Bitcoin Jumps 5% and Challenges $82,207 ResistanceA rate hold removes one of the most immediate headwinds for risk assets. BTC surged 5% to $80,600 Thursday, pushing into the resistance band that has capped price since May.
Moreover, RSI at 71.27 confirms genuine momentum behind the move with the 20-day EMA at $75,164 sitting well below as fresh support.
Key levels for BTC: $82,207 — 1.0 Fib resistance, close above opens path to $97,278 $76,983 — 0.786 Fib, first support on any pullback Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are up 4% and 8%, respectively, on the news.
XRP is breaking decisively out of the descending triangle that compressed price for two weeks after August’s spike to $1.70.
RSI at 72.46 matches the sharpest reading since the initial August 19 breakout, with the EMA cluster at $1.37 now flipping to support below.
Key levels for XRP: $1.50 — next psychological resistance $1.37 — EMA cluster, breakout retest support Read Next
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
The Bank for International Settlements (BIS) has tested the XRP Ledger (XRPL) to make official statistics easier to verify.
The researchers created a system that uses blockchain technology to link statistical data to the organization that published it. This lets governments, banks, and automated systems verify that the data is authentic and hasn’t been changed. Notably, the team tested the system on the XRP Ledger’s development network.
The project addresses a trust problem with official statistics. Organizations commonly use SDMX to share data, but users often have no independent way to confirm that the data came from the claimed organization or remained unchanged after publication.
BIS Uses XRPL to Create a Permanent Data Fingerprint The BIS system first creates a unique digital fingerprint, called a hash, for each statistical dataset. It can also fingerprint individual data series for more detailed verification.
The hashes are then combined into a Merkle tree, which produces one final fingerprint for a group of datasets. The system records this final fingerprint on the XRP Ledger with a timestamp. Once recorded on the ledger, it cannot be changed.
The original data stays off the blockchain. Instead, the published file contains the information needed to verify its fingerprint and confirm who published it. Users can calculate the file’s fingerprint and compare it with the fingerprint stored on XRPL.
This allows the system to prove that the data has not changed without putting the actual data on the blockchain.
In testing, the BIS system took about 3–5 seconds to publish the fingerprint and 1–2 seconds to verify the data. The results show that blockchain-based verification is fast enough for interactive applications and automated systems.
XRPL’s Role Gets Attention From the XRP Community The research has attracted attention from the XRP and XRPL community.
XRPL validator Vet highlighted the BIS prototype’s use of the XRP Ledger’s memo field. He said the experiment demonstrates that XRPL’s public and immutable design has uses beyond conventional payments.
Vet also discussed using NFTs to store data fingerprints more permanently. NFTs remain on the ledger and can link to external storage systems such as IPFS or Arweave.
This is very interesting!
The Bank of International Settlement used in their research paper the XRP Ledger (dev net) for its immutability and public verifiable properties!
So what did they do? Spoiler, they used the memo field, i suggest to use something else at the end.
The… pic.twitter.com/mtFdiTCiqW
— Vet (@Vet_X0) September 2, 2026
Crypto Eri also highlighted the experiment, explaining that the BIS placed a digital fingerprint of an official statistics file on the XRP Ledger. This gives users a way to check whether the file changed after publication.
Potential Uses Beyond Official Statistics The BIS research applies beyond SDMX datasets. The system is data-format agnostic and supports other structured data formats, including XBRL, which is widely used for financial and regulatory reporting.
The researchers also analyzed the costs of using the blockchain. Because a single XRPL transaction can represent thousands of datasets, the cost of recording data fingerprints becomes negligible when datasets are grouped into appropriately sized batches. Processing and storage remain the larger costs.
The system is still a proof of concept, not a production-ready product. However, the experiment demonstrates that XRPL provides a practical way for institutions to prove that financial, statistical, and regulatory data is authentic.
For XRP holders, the development is another institutional use case for the XRP Ledger. If blockchain-based verification systems move from research into production, public ledgers such as XRPL will become part of the infrastructure used to establish trust in financial, statistical, and regulatory data.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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The new "Earn on XRP" feature will affect a colossal pool of 1.62 billion tokens held on one of the largest trading platforms. Uphold Chief Product Officer Paul Underwood has officially confirmed that the long-awaited passive income tool is in the final stages of development.
The announcement was made at the XRP Vegas conference and later repeated on X. Underwood acknowledged that development had taken longer than planned but assured users: "The wait is almost over, with details coming in the next few weeks."
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The intrigue surrounding this release is purely technical. By design, the XRP Ledger (XRPL) does not support native staking in the same way as networks such as Ethereum or Solana.
To give users the opportunity to earn interest, Uphold has to implement workarounds—for example, by using DeFi lending protocols such as Exactly Protocol or wrapped tokens through its partner, Flare Network.
At my talk at XRP Vegas, I shared that Uphold is working on a way to earn on XRP. We're getting closer to launch! It has taken longer than planned - but the wait is almost over. Will be sharing more in the coming weeks.
— Paul U. (@PaulWavelength) September 2, 2026 In addition to the technical side, the exchange is also addressing legal issues. In his responses to users, Underwood confirmed that the company is currently working to obtain New York's strict BitLicense. This is a clear signal that the new Earn tool is being prepared under the strict oversight of U.S. regulators.
Why does the exchange need it? (Spoiler: to retain its XRP Army)For the platform, launching this product is a strategic move backed by enormous figures. According to its official Proof of Reserves report, the exchange currently holds around 1.62 billion XRP.
This is a colossal amount:
It represents 1.63% of all XRP in circulation worldwide.It places Uphold among the world's top three exchanges by XRP holdings, behind only South Korea's Upbit and global exchange Binance.XRP is the largest asset on the platform by market capitalization, with user holdings backed at a 1:1 ratio. You Might Also Like
Uphold has long positioned itself as the main haven for the XRP community. The exchange already offers debit cards in the U.S. with up to 6% cashback in XRP, as well as bonuses of up to 3% for recurring purchases.
The launch of a full-fledged Earn program will address the main need of long-term investors—the ability to safely monetize their holdings within a regulated platform without moving them to complex and risky third-party DeFi platforms. The company has promised to disclose the official terms and interest rates in the coming weeks.
XRP generated more questions than any other cryptocurrency during a Bitwise presentation to approximately 400 wealth managers, research analyst Ryan Rasmussen said on Sept. 2.
Summary
About 400 wealth managers attended Bitwise’s presentation, where XRP generated the most audience questions overall. 67% of surveyed participants said they did not currently allocate client portfolios to cryptocurrency investments. 60% expected crypto prices to rise by year-end, according to Bitwise analyst Ryan Rasmussen’s poll. Another 60% said they planned cryptocurrency allocations within one year, although intentions may change materially. U.S. spot XRP funds ended eleven inflow sessions with approximately $7.2 million leaving September 2. Rasmussen and Bitwise chief investment officer Matt Hougan discussed Bitcoin, Solana, Hyperliquid, stablecoins and tokenization during the event. When asked about XRP afterward, Rasmussen said it was “the most asked about throughout the presentation,” adding that there was “a lot of interest.”
The statement provides evidence of attention among attendees at one Bitwise event. It does not establish that XRP is the most popular cryptocurrency among wealth managers generally, nor does it show that participants intend to invest specifically in XRP.
XRP interest contrasts with limited crypto allocations Rasmussen’s audience poll found that 67% of participants did not currently allocate to cryptocurrency. The wording did not specify whether the question concerned personal investments, client portfolios or firm-wide allocations.
Another 60% said they expected cryptocurrency prices to be higher by the end of 2026. The same share said they planned to allocate to the asset class within the next year.
XRP was the most asked about throughout the presentation. A lot of interest.
— Ryan Rasmussen (@RasterlyRock) September 3, 2026 Those responses reflect expectations and stated intentions rather than completed investment decisions. Market conditions, compliance policies and client risk limits could affect whether the planned allocations occur.
Bitwise did not publish the participants’ firms, assets under management, geographic distribution or sampling method. The results should therefore be treated as an informal event poll rather than a representative survey of the wealth-management industry.
XRP ETF flows provide a regulated access route U.S. spot XRP exchange-traded funds recorded 11 consecutive trading sessions of net inflows through Sept. 1, attracting approximately $170 million during the period, according to SoSoValue data.
The products had accumulated roughly $1.68 billion in net inflows since launching in November 2025. However, the streak ended on Sept. 2, when the funds recorded approximately $7.2 million in combined net outflows.
One negative session does not establish a longer-term reversal. Daily ETF flows can change because of portfolio rebalancing, short-term trading and broader market conditions.
Crypto.news previously reported that XRP’s recovery increasingly depended on sustained ETF inflows and regulatory progress. At the time, cumulative inflows had already exceeded the threshold used in one external bullish forecast, although the pace of new investment remained uneven.
Institutional filings show exposure, not investor intent Goldman Sachs was the largest disclosed institutional holder of U.S. spot XRP ETFs at the end of the second quarter, according to Bloomberg Intelligence data compiled from Form 13F filings.
The bank disclosed approximately $87.4 million in XRP ETF exposure. Jane Street followed with about $16.6 million, while Millennium Management reported roughly $16.2 million.
Form 13F filings provide quarterly snapshots of certain securities held by large investment managers. They do not explain whether positions are proprietary investments, client holdings, hedges or inventory supporting market-making operations.
The filings are also backward-looking. Second-quarter reports show positions as of June 30 and do not reveal changes made afterward. They support the conclusion that regulated XRP products have attracted professional market participants, but they do not prove a directional view on XRP.
Wealth managers still face allocation barriers Wealth managers considering cryptocurrency exposure must assess volatility, custody, liquidity, suitability and regulatory requirements. Approval processes can also differ between independent advisers, broker-dealers and larger financial institutions.
Spot ETFs remove the need to manage wallets or private keys directly. They nevertheless retain exposure to movements in the underlying cryptocurrency and can experience substantial price declines.
Interest in XRP may reflect several developments, including ETF availability, Ripple’s institutional expansion and activity across the XRP Ledger. In related coverage, crypto.news reported that Ripple’s regulated financial businesses continued expanding even as XRP’s price weakened.
The next measurable development will be whether the stated allocation plans produce sustained fund inflows. Future 13F filings will also show whether large managers increased, reduced or exited their XRP ETF positions during the third quarter.
For now, Bitwise’s event indicates curiosity rather than confirmed demand. XRP dominated questions from the audience, but most participants had not yet made any cryptocurrency allocation.
TLDR The Bank for International Settlements published a working paper on September 2, 2026, describing a blockchain system built on the XRP Ledger. The system creates cryptographic fingerprints of official datasets and anchors them on-chain so users can verify data has not been altered. The prototype achieved 3-5 second publication times and 1-2 second verification times with very low costs. This was tested on XRPL’s DevNet, not the live mainnet, and the full code was released as open source. XRP was trading at $1.37 at the time of publication, up 1.42% over 24 hours but down 2.40% over the past week. The Bank for International Settlements has published a working paper describing a blockchain tool meant to protect official economic data from tampering. The research was built and tested on the XRP Ledger.
The paper, numbered 1374, came out on September 2, 2026. It tackles a problem with how international organizations share financial data.
Most groups use a data format called SDMX to publish economic statistics. That format has no built-in way to check if a file has been changed after it was released.
Governments, researchers, and AI systems pull this data regularly. If a third party alters a file, even by accident, there is currently no fast way to catch it.
How the System Works The BIS team designed a fix using cryptography. Each dataset gets a unique digital fingerprint called a hash.
Thousands of these fingerprints can be combined into one summary value known as a Merkle root. That root then gets recorded on the XRP Ledger, where it is timestamped and cannot be edited.
The published data file also carries a signed credential linked to the publisher’s identity. This lets users confirm both who released the data and whether it has changed.
All of this can be checked with a single lookup on the ledger. Only the fingerprints go on-chain, not the actual data, so sensitive information stays private.
The prototype delivered publication times of 3 to 5 seconds and verification times of 1 to 2 seconds. On-chain costs were described as very low, and one ledger entry can cover thousands of datasets at once.
BIS released the full codebase as open source, allowing other institutions to review or build on the work.
XRP Price and Market Context This paper adds to a growing list of institutional projects built on the XRP Ledger. JPMorgan, Ripple, Mastercard, and Ondo recently completed a tokenized Treasury settlement on the same network in about four seconds.
Other recent developments include RLUSD stablecoin supply passing Ethereum on XRPL, new ETF products, and a live XRP listing through OSL Hong Kong.
At the time of publication, XRP was trading at $1.37. The token gained 1.42% over the past 24 hours, with $2.46 billion in trading volume during that period.
XRP’s market cap stood near $85.7 billion, based on a circulating supply of 63 billion tokens. Over the past seven days, the price was down 2.40%.
It is worth repeating that this project ran on XRPL’s DevNet, a testing environment. It is not a sign that BIS has adopted the XRP Ledger for live central bank operations.
Community members on social media platform X discussed the paper after it was released. Some highlighted the technical details, while others pointed out that this remains a research prototype rather than a deployed system.
The BIS paper does not confirm any use of XRP tokens for settlement. It focuses only on using the ledger’s infrastructure to timestamp and verify data.
For now, the project stands as one more example of institutions testing the XRP Ledger for specific technical tasks, separate from the token’s trading activity.
A federal judge in Washington dismissed a defamation lawsuit filed by XRP-focused influencer Jake Claver against content creator Zach Rector on September 2.
The court ruled that Rector’s 2025 videos about Claver’s businesses contained no actionably false statements.
Today, the U.S. District Court for the Western District of Washington granted my motion under Washington's Uniform Public Expression Protection Act, dismissing the existing lawsuit brought against me by Jake Claver. The Court found no actionably false statement in my videos and…
— Zach Rector (@ZachRector7) September 2, 2026
What Rector’s Videos Actually ReferencedThe dismissed lawsuit centered on three videos Rector posted alleging misconduct tied to Claver’s Digital Ascension Group and Digital Wealth Partners, according to reports on X. Those videos drew directly on Claver’s own admissions in a separate New York lawsuit filed by payments processor Verivend Inc.
In that case, Claver acknowledged fabricating emails, wire transfer confirmations, and a screenshot of a Verivend wallet dashboard showing a false balance exceeding $1 million, according to court documents.
Court filings also show Jake Claver admitted to impersonating Verivend employees on multiple occasions to generate fake email threads.
Judge Kymberly K. Evanson granted Rector’s motion under Washington’s Uniform Public Expression Protection Act, the state’s anti-SLAPP law designed to protect speech on matters of public concern.
“We may not agree with each other sometimes, but for Jake Claver to sue Zach Rector, a fellow XRP community voice, turning price‑call criticism into a $30m federal fight, only to be told the speech was protected, reflects more on the plaintiff than on the videos…,” one user said on X.
Follow us on X to get the latest news as it happens.
XRP Influencer’s Defamation Suit Dismissed Under Anti-SLAPP Law. Source: X/@SugarXRPLThe court dismissed all of Claver’s claims, including defamation, tortious interference, conspiracy, and breach of contract, without prejudice. Evanson also ruled that Rector is entitled to recover his attorneys’ fees and litigation costs. Claver has until September 23 to file an amended complaint.
Rector confirmed the ruling directly, saying the court found no false statement in his videos and that he is entitled to recover his fees because Claver’s suit targeted his free speech rights on a matter of public concern.
A Familiar Pattern in Crypto Defamation CasesThis is not the first time a prominent crypto influencer’s defamation claim against a critic has collapsed. In 2022, BitBoy Crypto founder Ben Armstrong sued fellow YouTuber Erling Mengshoel Jr., known as Atozy, over a video accusing him of promoting a failed token.
Armstrong voluntarily withdrew the case within weeks after Atozy crowdfunded more than $200,000 for his defense, as public backlash mounted. Unlike Claver’s case, no judge ever ruled on it, so it set no formal legal precedent.
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Still, both episodes illustrate a recurring dynamic in the crypto space: defamation suits filed against outspoken critics have repeatedly struggled to survive public and legal scrutiny, often ending in withdrawal or dismissal rather than victory for the plaintiff.
The ruling drew a strong reaction within the XRP community online, with several observers characterizing it as a clear vindication of Rector’s reporting and a warning against using defamation claims to suppress criticism within the space.
Binance's $XRP reserves have dropped to their lowest level in nearly two and a half years, raising fresh questions about where the tokens are going and what the outflow signals for the market.
500 Million XRP Gone in Under a Year
Accumulation, ETFs, or Something Else?
Whether the current drawdown marks a structural shift in holder behaviour or simply reflects the mechanics of a prolonged correction remains an open question.
Sources:
The Crypto Basic: 500 Million XRP Leave Binance as Exchange Reserves Fall to 2024 Levels
Yahoo Finance: XRP Price Faces Crucial September Test as Binance Reserves Fall
Finbold: Monster 551 Million XRP Leaves Binance in 21 Months
Evernorth, a company aiming to become the first publicly traded XRP treasury, is approaching a key milestone as it awaits a final shareholder vote to move forward with its public listing plans. The development has drawn attention from the cryptocurrency community, particularly after a recent statement by crypto analyst Dark Defender, who suggested that major changes could be ahead for XRP’s market dynamics.
Evernorth’s proposed transition to a public company centers around its business combination with Armada Acquisition Corp. II, a special purpose acquisition company listed on the stock market. Following recent regulatory steps, the combined entity would become one of the first public companies with a primary treasury focus on XRP, the digital asset developed by Ripple Labs.
On August 27, the US Securities and Exchange Commission (SEC) declared effective Evernorth’s Form S-4 registration statement, clearing a compliance hurdle but not signaling endorsement of the business model, the merger, or XRP as a security or investment. This action allows Armada’s shareholders to vote on the proposed transaction.
The shareholder vote is scheduled for September 30, 2026. If the remaining closing requirements are met and shareholders approve, Evernorth expects to begin publicly trading on Nasdaq under the ticker XRPN.
Dark Defender described these developments as bringing Evernorth “one shareholder vote away” from trading on Nasdaq, but noted that the listing is still conditional on completing all necessary steps.
Publicly available transaction documents show that Evernorth could begin with approximately 473 million XRP as its treasury holding if the plan is approved.
Evernorth’s major backers include Ripple, the founding company behind XRP, as well as Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR.
Mini dictionary: Armada Acquisition Corp. II – A special purpose acquisition company (SPAC) is a publicly listed firm formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company and taking it public without a traditional IPO process.
EventDateStatusSEC Form S-4 effectivenessAugust 27, 2026CompletedShareholder vote (Armada)September 30, 2026PendingExpected Nasdaq listingPost-approvalNot completedAnalyst highlights potential XRP supply impactCrypto analyst Dark Defender, who regularly comments on XRP market trends, linked Evernorth’s transition to the possibility of an XRP supply shock. In a series of social media posts, he referenced the recent SEC milestone and noted Evernorth’s apparent shift from quietly accumulating XRP to a more public-facing approach.
Dark Defender pointed to messages from the company, including a teaser that “someone new will be joining the Evernorth story,” interpreting this as a sign that its initial accumulation phase may be ending.
He observed, “A treasury (Evernorth) has one job: buying quietly. But they started teasing. You only start talking when the quiet part is done.”
He concluded by predicting that “an XRP supply shock is inevitable,” though this perspective remains an analyst’s view and is not confirmed by Evernorth.
Outlook for Nasdaq listing and XRP marketIf the business combination is approved and Evernorth lists on Nasdaq, public investors will gain exposure to a company holding a significant amount of XRP and pursuing growth strategies linked to the XRP ecosystem. The company’s business plan includes not only holding XRP but deploying capital into projects and infrastructure built around the asset, aiming to increase its value and utility.
Any supply reduction in available XRP on the market would depend on the scale and pace of Evernorth’s purchases, overall market liquidity, and future decisions regarding its treasury management. The timing and impact of such changes are still uncertain and will be closely monitored by market participants.
Uphold’s U.S. president, Nancy Beaton, says XRP and the XRP Ledger (XRPL) are in a position to benefit as traditional finance moves onto blockchain technology.
In a video on Ripple’s official YouTube channel, Beaton said the shift from traditional banking to blockchain finance is already underway. She believes companies like Ripple, Uphold, and other fintech firms will need to work together to make this transition happen.
Beaton also explained that Uphold is more than a platform for buying and trading digital assets. Its API-based technology lets other businesses use its infrastructure to build and offer financial services.
This infrastructure is useful for banks and financial institutions that want to offer digital assets to customers without building their own blockchain systems.
Uphold and Ripple Work More Closely on XRPL Beaton said Uphold is “constantly working together” with Ripple and the XRP Ledger (XRPL), while also pointing to opportunities to work with other companies in the XRPL ecosystem.
She said Uphold, Ripple, and XRPL can work together to give banks and other financial institutions a complete solution for offering digital assets to their customers.
This positions XRPL as more than just a cryptocurrency network. The blockchain is also becoming part of the infrastructure supporting financial services moving onto the blockchain.
Meanwhile, Ripple increasingly focuses on using XRP and XRPL in regulated financial markets. Its 2026 plans include regulated finance, tokenization, cross-chain liquidity, and other financial infrastructure use cases.
XRP Has an Advantage Beaton believes XRP and the XRP Ledger have an important role to play as the financial system moves to blockchain. Specifically, she said XRPL and XRP could lead this transition, giving them a “leg up” in the market.
One major advantage of blockchain is the ability to make financial transactions faster and cheaper. Blockchain networks operate 24/7 and offer lower-cost transactions compared with many traditional payment systems.
Blockchain also makes international money transfers faster. Instead of waiting days and paying high fees to move money across borders, transactions can take place continuously and at much lower costs.
These benefits give banks and other financial institutions a strong reason to adopt blockchain technology.
From Payments to a Blockchain-Based Economy Beaton sees blockchain as a way to give people greater control over their money and assets. It allows people to move assets across borders, earn returns, and use digital assets in different financial services.
She said sending money will eventually become as easy as sending an email. Digital assets will also allow people to earn returns on their holdings and use crypto as collateral for loans.
This goes beyond simply making payments faster. Blockchain is building a financial system where asset ownership, payments, lending, and transaction settlement operate on shared infrastructure.
As more banks and financial institutions use blockchain for payments and settlement, demand for the XRP Ledger and XRP will increase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple News: BIS Turns to XRP Ledger for 3–5 Second Data Verification presales XRP
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XRP is holding steady while a quieter Ripple news out of Basel gets less attention than it probably deserves. The Bank for International Settlements just published a working paper describing a proof of concept that used the XRP Ledger to anchor tamper-evident fingerprints of official economic data.
BIS Working Paper No. 1374, released Sept. 2, tackles a real gap in SDMX, or the standard institutions use to exchange official statistics, which has no native cryptographic integrity check. Researchers built dataset fingerprints, compressed them into a Merkle root, and anchored that root on XRPL using a public DevNet node.
BIS working paper anchors official statistics to the XRP Ledger in a proof of concept
A Bank for International Settlements (@BIS_org) working paper published this month sets out a system for publishing official statistics with cryptographic proof of integrity, using the XRP… pic.twitter.com/OczFDErQX8
— BSCN (@BSCNews) September 2, 2026 According to the report, Median publication times landed at 3–5 seconds, verification at 1–2 seconds. Analyst Diana from InvestWithD flagged the experiment publicly.
Institutional plumbing tests like this rarely move price on their own, but they do shape the narrative traders lean on when deciding whether to hold through chop. XRP’s chart right now is arguably more interesting than the paper itself.
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Can XRP Price Hit $2 This Week Amid The Bullish Ripple News?XRP sits at $1.36, fresh off a violent 48 hours. It saw a $369 million in leveraged longs liquidated as price dipped toward $1.34, a forced reset after August’s 70% run from $0.99 to $1.70.
The $1.32–$1.38 zone is doing the heavy lifting now; it’s the highest-volume support band on recent URPD data and the line separating consolidation from breakdown.
Momentum isn’t broken. A September 1 MACD buy signal paired with RSI in the low-60s points to cooling, not reversal. If XRP can hold $1.32–$1.38, and clear $1.60 and $1.68–$1.72 resistance, $1.90–$2.10 becomes the September target.
The most likely scenario is a continued chop in the $1.35–$1.55 range while positioning resets. But a clean break under $1.30 opens the door to $1.20, maybe the $1.00–$1.15 macro floor. Our recent Bitwise-linked XRP forecasts still lean toward the upper scenario, but the $1.32 line is the one to watch into the weekly close.
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Maxi Doge Targets Early Mover Upside as XRP Tests Key LevelsXRP holders who bought the August dip are sitting comfortably, but let’s be honest, a move from $1.37 to $2.00 is a 46% gain on an asset with a market cap already in the tens of billions. That math doesn’t excite everyone.
Traders chasing asymmetric upside are increasingly looking at earlier-stage plays, and institutional flow data around XRP suggests capital is rotating, not just holding.
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XRP faces a critical technical challenge as its price approaches a significant resistance zone, drawing attention from traders and analysts closely watching for signals of a sustained upward move.
Key resistance level highlightedCrypto researcher BankXRP recently shared insights from a German market analyst, who outlined that XRP’s next major test centers on overcoming resistance between $1.15 and $1.60. The analyst emphasized that traders should remain cautious until XRP achieves both a clean breakthrough and a successful retest of this price band.
According to the analysis, only a decisive move above this range, followed by confirmation through a retest, would signal that XRP is emerging into higher retracement levels. The analyst views this process as essential before any consensus can form regarding a new uptrend for the digital asset.
The analyst explained that a breakout above $1.15 to $1.60, followed by a backtest and further upward continuation, would provide the confirmation needed for investors to view the move as sustainable.
BankXRP, which publishes crypto market research, summarized the perspective on X, noting that the “next big test is the resistance zone” and that XRP requires a “clean break + retest” before recent gains can be considered the start of a true rally.
Price structure and previous cycles comparedThe German analyst also compared XRP’s current market structure to previous cycles, describing the pattern as “somewhat comparable” to earlier scenarios in the market. He noted that XRP remains below the resistance area, in contrast to other assets such as Elysium, which have already managed to break through similar technical barriers.
Elysium, a digital asset network, recently cleared its major resistance, while XRP continues trading below its second critical level. The analyst attributed some of the difference to XRP’s historically slower reaction compared to its peers.
He suggested that XRP could follow a recurring pattern involving consolidation phases, strong upward movement, and subsequent new periods of sideways trading. This “ranging, pumping, ranging” structure points to the possibility of additional consolidation after any short-term surge.
Mini dictionary: Elysium, a blockchain project, is known for its decentralized infrastructure and focus on asset tokenization. It is less widely recognized than platforms such as Ethereum or Solana but serves as an example in technical analyses due to its distinctive market cycles.
He argued that confirmation should come from clear price structure changes, not simply from a move above resistance, and highlighted that traders should wait for both a breakout and follow-through rather than acting on the first impulse.
Spot XRP ETF market performanceThe analyst also touched on recent performance in spot XRP exchange-traded funds (ETFs), describing the past week as “fantastic” following similar strength the previous week. Spot ETFs allow investors to gain direct exposure to XRP’s market price, making their performance an indicator of institutional sentiment.
While acknowledging these positive signals in the ETF space, the analyst reiterated that the primary technical challenge for XRP remains the $1.15 to $1.60 resistance range. He stated that only a clear break above this area, validated by a retest and extended move, would confirm the start of a larger upward trend for XRP.
AssetResistance LevelStatusXRP$1.15–$1.60Below resistanceElysiumComparable zoneAbove resistanceUntil such a breakout occurs, both the researcher and the analyst urge market participants to seek confirmation in the price structure before concluding that XRP has entered a sustained upward cycle.
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.
Fintech entrepreneur Emi Yoshikawa commented on plans by a consortium of 21 banks to launch its own U.S. dollar stablecoin.
Reacting in Japanese to the official announcement of the megaproject led by Goldman Sachs and Japan's MUFG Bank, the former Ripple vice president of strategic initiatives wrote on X that she felt "a sense of déjà vu," adding that "this is exactly how it was supposed to go."
Former Ripple VP Emi Yoshikawa's reaction to the Goldman Sachs and MUFG stablecoin initiative, Source: Emi Yoshikawa via X.comBehind this comment is Yoshikawa's eight years of experience at Ripple from 2016 to 2024, during which she developed XRP's institutional presence in Asia.
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Such a reaction points to a pattern typical of TradFi: the world's largest banks spent years exploring third-party blockchain solutions but ultimately chose to create isolated structures that allow them to control liquidity, compliance, and transaction fees instead of integrating with networks such as the XRP Ledger.
What is behind the former Ripple strategy executive's "déjà vu"This context overlaps with developments in Japan, where MUFG Bank, the only Asian participant in the dollar project, is simultaneously involved in a domestic initiative. By March 2027, MUFG, together with megabanks SMBC and Mizuho, plans to launch settlements using a yen-denominated stablecoin based on Progmat, a platform originally created within MUFG.
This could potentially allow the bank to conduct international yen-to-dollar conversions entirely within a controlled banking blockchain environment.
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At the same time, the banking consortium is targeting use cases already covered by regulated crypto-native instruments such as Ripple's RLUSD. By September 2026, RLUSD's market capitalization had exceeded $2 billion, with more than $1 billion issued on the XRPL, while in June the asset was officially approved by Japanese regulator JFSA for trading through the SBI VC Trade exchange.
This overlap in objectives could lead to market segmentation. The banking token is aimed at internal settlements between consortium members and large corporations that require direct interbank auditing.
The technology won, but there's a catchMeanwhile, tokens such as RLUSD and USDC could maintain their positions in the open fintech sector, retail payments, and DeFi ecosystems, where rapid implementation without excessive coordination is critical.
Yoshikawa's position combines recognition of the viability of blockchain-based settlements with skepticism: historical experience shows that alliances comprising 21 major stakeholders face complex governance challenges.
While the consortium works to agree on internal rules ahead of its planned 2027 launch, independent regulated stablecoins could retain their time advantage.
The Bank for International Settlements (BIS) has highlighted XRP and its native blockchain, the XRP Ledger, 101 times in a newly published working paper exploring blockchain technology for official data verification purposes.
Focus on blockchain for official statisticsThe BIS working paper, titled “Verifiable Official Statistics: A Blockchain-Based Approach,” introduces a proof of concept for anchoring official statistical data to blockchain using the XRP Ledger. The system cryptographically secures metrics such as gross domestic product (GDP), consumer price index (CPI), and consolidated banking figures.
The approach utilizes datasets formatted in SDMx, an international data standard adopted by organizations such as the BIS, International Monetary Fund (IMF), and European Central Bank (ECB). Each dataset receives a unique cryptographic fingerprint, with multiple fingerprints grouped into a batch and committed to the XRP Ledger as a single transaction. This process enables data verification by any party, ensuring the information remains unaltered since publication.
Mini dictionary: BIS (Bank for International Settlements), a Switzerland-based international financial institution, serves as a bank for central banks, helping coordinate financial stability and policy across countries.
Performance testing on the prototype recorded a median publication latency of 3 to 5 seconds, highlighting the speed of the XRP Ledger. The verification process for each batch took roughly 1 to 2 seconds. The paper notes that each anchoring transaction cost about $0.000003, achieving what the researchers described as “near real-time data verification” with strong cryptographic guarantees.
The system demonstrated the capacity to verify the integrity of official statistics in near real time, with each anchoring transaction on the XRP Ledger completed in seconds and for a fraction of a cent.
Reasons for choosing the XRP LedgerThe paper explains the rationale behind the choice of the XRP Ledger as its reference blockchain. The authors cite the low fees, rapid consensus finality, and abundance of developer resources available for the ledger, in addition to a well-documented technical analysis of the platform’s consensus protocol. The XRP Ledger can process approximately 1,500 transactions per second, while Ethereum’s Layer 1 processes around 15.
Mini dictionary: SDMx (Statistical Data and Metadata Exchange) is an ISO standard for the exchange of statistical data, ensuring compatibility across major financial institutions and statistical offices.
BlockchainTransactions per Second (tps)Median Confirmation TimeTransaction CostXRP Ledger1,5003–5 seconds$0.000003Ethereum (Layer 1)1515–60 secondsVariable, higherThe BIS designed its proof of concept to be blockchain-agnostic, meaning it could be applied to other networks. However, for this initial deployment and analysis, the organization selected the XRP Ledger due to these noted advantages and prior recognition in similar research.
Beyond verification: Path to tokenized assetsThe report indicates potential applications extending past basic data verification. The authors outline a framework in which verified economic data can underpin programmable digital assets, including tokenized bonds and financial derivatives with automatically adjusting terms linked to real economic indicators.
This development positions the XRP Ledger as more than just a data integrity tool. It could serve as a settlement infrastructure for sophisticated financial products built on top of verified economic statistics. Citing this reference implementation, observers point to an evolving role for blockchain within institutional finance.
The ability to automatically adjust bond terms based on on-chain, verified SDMx data provides a bridge between statistical integrity and programmable finance.
Industry implications for XRPInstitutional blockchain adoption has historically preceded growth in digital asset utility and interest. The BIS adopting the XRP Ledger as its reference blockchain for official statistics verification demonstrates a use case for XRP that extends well beyond speculative trading.
As more central banks and global financial institutions explore tokenized securities and on-chain asset settlement, a ledger chosen and validated by the BIS gains additional credibility and competitive advantage in the marketplace.
The BIS paper documents real-world network activity from a highly respected financial institution, mentioning XRP over 100 times throughout its pages.
Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious stance amid renewed tensions between the United States (US) and Iran.
The two nations re-escalated tensions last weekend, with strikes continuing early this week. Risk aversion is already evident, considering outflows from spot Exchange-Traded Funds (ETFs) on Wednesday.
XRP ETFs turn bearish amid growing investor cautionUS-listed XRP spot ETFs saw outflows of $7 million on Wednesday, breaking an extended 11-day bullish streak. Despite the single-day outflow, cumulative inflows hold steady at $1.68 billion, up from $1.51 billion in early August, according to SoSoValue.
Similarly, total assets under management averaged $1.42 billion, up from $1 billion over the same period. If inflows return, they could cushion XRP from broader crypto headwinds, raising the chances of a sustained recovery above $1.40 and $1.50 levels, respectively.
XRP ETF flows | Source: SoSoValueMeanwhile, retail demand remains steady, with perpetual futures Open Interest (OI) at 2.25 billion XRP on Thursday, down only marginally from 2.26 billion XRP the day before. CoinGlass data shows the decline against the backdrop of the OI spiking to 2.78 billion XRP on August 15. Retail interest in XRP is needed to support the short to medium-term recovery outlook.
XRP Futures OI | Source: CoinGlassTechnical analysis: XRP shows subtle recovery signsXRP trades above $1.36 while holding above a rising cluster of Exponential Moving Averages, with the 200-day EMA at $1.35 underpinning the latest breakout and the 50-day and 100-day EMAs at $1.22 and $1.22 reinforcing a constructive medium-term structure. Although the Moving Average Convergence Divergence (MACD) indicator slipped below its signal line and turned negative, the Relative Strength Index (RSI) near 60 suggests ongoing bullish bias rather than exhaustion.
XRP/USDT daily chartImmediate support lies at the 200-day EMA at $1.35, followed by a deeper demand zone around the 50-day EMA at $1.22 and the 100-day EMA at $1.22. With no clear overhead technical levels on the daily chart, price action around $1.36 acts as a near-term pivot. A sustained hold above this area would keep the bullish tone intact, while a daily close back below $1.35 would hint at a broader correction toward the EMA cluster in the low $1.22s.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
A new consortium of 21 global banks, led by Goldman Sachs and Japan’s MUFG Bank, has unveiled plans to develop its own U.S. dollar stablecoin, drawing significant attention from industry leaders. Emi Yoshikawa, a longtime fintech entrepreneur and former vice president of strategic initiatives at Ripple, reacted to the announcement by expressing a strong sense of “déjà vu,” noting that this is the precise trajectory she had anticipated for major banks and digital assets.
TradFi’s approach: control and isolationYoshikawa’s eight years at Ripple, where she helped shape the company’s institutional growth in Asia, inform her remarks. She highlighted a common pattern in traditional finance: after years of evaluating external blockchain solutions, leading banks ultimately prefer to create their own closed frameworks. By doing so, they maintain control over liquidity, compliance, and transaction fees, rather than integrating with established platforms such as the XRP Ledger from Ripple.
Yoshikawa emphasized that the largest banks repeatedly move toward systems they can fully oversee, rather than adopting open networks, reflecting consistent strategic priorities across the industry.
Goldman Sachs, one of the world’s largest financial institutions, is collaborating with Mitsubishi UFJ Financial Group (MUFG), Japan’s leading bank by assets, to spearhead this stablecoin initiative. The project is characteristic of a shift where top banks avoid third-party blockchain integration and build bespoke solutions for institutional needs.
Mini dictionary: MUFG Bank, or Mitsubishi UFJ Financial Group, is the largest banking institution in Japan and a major global financial services provider.
Japan’s dual-track stablecoin developmentThe news coincides with developments in Japan, where MUFG Bank is active in another ambitious digital asset project. By March 2027, MUFG, along with fellow megabanks SMBC and Mizuho, plans to launch interbank settlements using a yen-based stablecoin. This product, built on the Progmat platform originally developed within MUFG, could potentially enable controlled blockchain-based yen-to-dollar conversions for cross-border transactions.
As the only Asian participant in the U.S. dollar stablecoin initiative, MUFG’s involvement in both projects places it at the intersection of global and domestic stablecoin innovation.
Mini dictionary: Progmat is a blockchain-based platform established by MUFG to support digital assets and programmable money, helping banks issue and manage stablecoins in Japan.
Stablecoin competition and market segmentationThe bank consortium aims to serve internal settlements among member banks and large corporate clients, offering direct interbank payments and coordinated audits. However, this focus overlaps with use cases already targeted by established, regulated crypto-native stablecoins such as RLUSD from Ripple and USDC.
By September 2026, RLUSD’s market capitalization rose above $2 billion, with over $1 billion of the asset issued on the XRP Ledger. In June, Japanese financial authorities officially approved RLUSD trading on the SBI VC Trade exchange.
StablecoinIssuerTarget UsersMarket CapitalizationRegulatory StatusBanking consortium USD stablecoinGoldman Sachs, MUFG and partnersInterbank, large corporatesN/A (to be launched)Planned for 2027RLUSDRippleOpen fintech, retail, DeFi$2 billion (Sep 2026)Approved by JFSA (June)The overlap in objectives could drive market segmentation. Banking tokens concentrate on closed-loop, highly auditable transactions between consortium members, while regulated open-market stablecoins like RLUSD and USDC remain active in fintech, retail, and decentralized finance sectors, where fast and flexible implementation is important.
Yoshikawa noted that alliances with as many as 21 major participants often struggle to achieve timely consensus and effective governance, giving independent stablecoins a practical time advantage as the banking network works to finalize its rules for a 2027 launch.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
As of September 3, 2026, XRP experienced a strong rebound in August, briefly approaching $1.70 before retreating to around $1.36 with the rally mainly driven by continued accumulation by whales, inflows into spot XRP ETFs, and increased institutional investment demand.
Summary
XRP spot ETFs recorded $170 million in inflows over 11 consecutive days, with cumulative net inflows reaching about $1.57 billion by late August. Wallets holding between 1 million and 10 million XRP added roughly 380 million tokens, showing continued accumulation among large holders. XRP traded near $1.36 after briefly approaching $1.70 in August, with ETF flows and U.S. regulatory developments remaining in focus. UE Crypto offers cloud mining contracts promising fixed daily returns, including a plan advertising 1.58% daily income. On-chain data shows that wallets holding between 1 million and 10 million XRP recently increased their holdings by approximately 380 million XRP, indicating that some large investors continue to accumulate XRP. Meanwhile, as of late August, cumulative net inflows into spot XRP ETFs had reached approximately $1.57 billion, providing important capital support for the market.
Entering September, investors will continue to focus on developments in U.S. cryptocurrency regulation, ETF fund flows, and changes in whale holdings. These factors could become important drivers influencing XRP’s next phase of price performance.
Los Altos, California, September 3, 2026 (GLOBE NEWSWIRE) — XRP is currently trading at approximately $1.36 to $1.37, down from its recent high in late August. The adjustment is in line with the broader cryptocurrency market’s periodic volatility. Despite short-term price pressure, market analysts believe that XRP’s future performance will be influenced by multiple factors, including institutional capital flows, demand for spot ETFs, on-chain activity, and developments in U.S. cryptocurrency regulation.
Entering September, market attention has increasingly shifted toward the U.S. Senate’s upcoming September 15 vote on cloture for the CLARITY Act, which could become an important catalyst affecting short-term market sentiment surrounding XRP. At the same time, spot XRP ETFs continue to attract attention from institutional investors, indicating that institutional demand for exposure to the digital asset remains strong.
Therefore, despite XRP’s recent pullback and relatively high volatility, its future performance will depend on factors including regulatory expectations, ETF fund flows, market liquidity, and overall risk appetite. Investors are closely watching whether XRP can break through key resistance levels again and regain upward momentum in a new market cycle.
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XRP price moved higher Thursday as crypto sentiment encouraged traders to target a breakout above $1.40. The broad crypto market rose by 1.67% in 24 hours and its total capitalization is now at $2.63 trillion.
Bitcoin price regained $78,000, as ETF inflows resumed, and Ethereum recovered after support at $2,400. Market pressure was alleviated with liquidations declining by 69% forced selling was diminished in major assets. The Fear and Greed Index has risen to 72, which indicates that market participants have become optimistic again.
SEC Chair Paul Atkins Expects Senate to Advance CLARITY Act SEC Chair Paul Atkins said he expects and hopes the Senate will advance the CLARITY Act. There will be a cloture vote on September 15 that it takes 60 senators to vote in favor of further debate. Approval would move the cryptocurrency market structure bill closer to President Donald Trump’s desk.
Atkins described the legislation as significant to the American cryptocurrency policy on Fox Business Wednesday. He claimed that more explicit regulations would stimulate a domestic operation of companies under the United States law. The action would support the goal of President Trump to transform America into a top digital asset hub.
Atkins mentioned that SEC is working on its own proposal of cryptocurrency to supplement the legislation. The comments on the framework of the agency are open to the public.
💥HUGE: 🇺🇸 The SEC Chair, Paul Atkins, announced that the US Senate will hold a VOTE on the Crypto CLARITY Act on September 15.
The chairman also mentioned that regulators had the potential to take action using the current securities laws in the event that the bill is not passed by Congress. But he said that laws would offer a more sustainable basis of market regulation and entrepreneurship.
Advancements in Washington may favor the price of XRP sentiment since regulatory transparency is vital to securities debate asset. Any prolonged movement towards more than $1.40 might reinforce the short-term momentum, and softer sentiment might postpone the breakout.
Ripple Price Analysis As of the report, the XRP price traded at $1.3817 after gaining 3% over four hours.
The XRP price regained its position at $1.33 and headed to the immediate resistance at $1.40. This was a reversal after a few consolidation periods above the mark of $1.30.
The Relative Strength Index climbed to 54; this indicates improving momentum without overbought conditions.
The histogram of MACD became positive at 0.0044. Meanwhile, the line of MACD had crossed the signal line.
Both MACD lines remain below zero despite the bullish crossover. Thus, XRP might need to have a more intense demand to sustain the recovery.
XRP Price Targets $1.40 and $1.50 An approved break past the $1.40 level would reveal the next big target at the $1.50 level. That was the level that constrained the growth of XRP price in the past.
Source: TradingView Falling below $1.50 may lead to a breakthrough at $1.60. The extended bullish target would be the previous high of the swing of $1.68.
On the downside, the first significant support is at $1.33. Further pullback may challenge the consolidation floor at large around $1.30.
Inability to hold onto $1.30 could result in a shift of focus to $1.20. This would be a setback to the existing recovery framework.
Ripple (XRP), Cardano (ADA), and Solana (SOL) show mild gains on Thursday, holding at crucial support levels amid easing bullish momentum. The technical outlook for XRP, ADA, and SOL indicates downside risk as the US-Iran war weighs on the broader crypto market.
Ripple pulls back below 200-day EMARipple trades around $1.3685 on Thursday, holding a bullish near-term bias as price advances above the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.2227 and $1.2191, respectively.
Despite this constructive positioning, the 200-day EMA at $1.3827 now acts as the overhead barrier. A confirmed breakout above this level could see XRP extend its recovery toward the August 23 high at $1.5507.
The Moving Average Convergence Divergence (MACD) has moved below its signal line, with a slightly expanding negative histogram, suggesting that upside momentum is softening as the Relative Strength Index (RSI) near 60 approaches the neutral zone from overbought territory.
XRP/USDT daily price chart.On the downside, initial demand is seen around the clustered dynamic supports provided by the 50-day and 100-day EMAs near $1.2227 and $1.2191, with deeper structural support traced back toward the prior breakout area around $1.0573.
Cardano rebounds from key support clusterCardano is up nearly 2% on Thursday, advancing its 2% rise from the previous day. The mild recovery suggests a constructive near-term bullish bias, with price trading above both the 50-day EMA at $0.1925 and the 100-day EMA at $0.1975 while tracking an upward-sloping support trendline around $0.1838.
However, the broader recovery is still capped by the 200-day EMA at $0.2531 overhead, reinforced by an ascending trendline. Cardano must clear above this zone for a sustained recovery toward the February 2 high at $0.2991.
The MACD declines below its signal line and remains marginally above zero, suggesting that upside momentum is waning, while the RSI, at 54, drops from the overbought zone into neutral territory.
ADA/USDT daily price chart.Immediate support is seen at the recent $0.2051 area, with stronger demand clustered around the 100-day EMA at $0.1975 and the 50-day EMA at $0.1925.
Solana is back at $100Solana trades around $100 at press time on Thursday, maintaining a bullish near-term bias as price holds above the 50-, 100- and 200-day EMAs clustered between roughly $83.85 and $93.58, which collectively underpin the broader uptrend.
The RSI at 63 is declining from overbought territory, indicating easing bullish momentum, while the MACD has slipped marginally below its signal line, hinting at waning upside momentum.
The next notable structural barrier is the horizontal resistance line at $116.88, marked by the December 18 low, which would come into focus only if buyers extend the ongoing advance.
SOL/USDT daily price chart.On the downside, immediate support is at the current price level near the $100 psychological threshold, reinforced by the February 1 low at $98.02, followed by the 200-day EMA around $93.58.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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On September 2, U.S. investor demand for cryptocurrency ETFs was clearly divided, with Bitcoin drawing in new investment, while Ethereum, XRP, and Solana products all saw daily net outflows.
Surge of spot ETF inflowsThe most recent ETF data shows that during the session, Bitcoin spot ETFs saw net inflows of $101.15 million. As a result, their total net assets increased to $97.22 billion, while their cumulative net inflows reached about $54.73 billion. Additionally, daily trading volume for Bitcoin ETFs was approximately $1.73 billion, significantly higher than that of any other category of cryptocurrency ETF.
XRP/USDT Chart by TradingViewThe picture for the main altcoins was significantly worse. Despite maintaining positive 30-day flows of $1.83 billion, Ethereum ETFs saw daily net outflows of $48.08 million. Their total inflows are still around $13.03 billion, indicating that the most recent withdrawal is not as large as the total amount of capital that has been accumulated over time.
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Withdrawals are spikingEvery day, XRP had to deal with an even greater withdrawal. Together, the five XRP ETF products recorded outflows of $57.20 million. Nonetheless, cumulative net inflows are approximately $1.68 billion, and XRP's 30-day figure is still positive at $165.22 million.
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Of the three, Solana had the biggest outflow, losing $6.13 million over the course of the day. Its overall figures are still positive: SOL ETFs have drawn $197.60 million over the past 30 days and roughly $1.34 billion overall.
The divergence indicates that, rather than completely giving up on cryptocurrency ETF exposure, investors are currently viewing Bitcoin as the safer option during a time of uncertainty. Some of this hesitancy is also reflected in price action.
Following its spectacular August surge toward $1.70, XRP is currently trading at $1.36, testing the 200-day moving average at $1.35. If XRP is to avoid the correction continuing toward its 20-day EMA at $1.29, it is crucial to hold onto this level.
As a result, the ETF data shows conflicting results. Although altcoin products are experiencing short-term redemptions, their 30-day flows are still positive. While its biggest rivals moved in the opposite direction, Bitcoin has regained the strongest immediate institutional demand, adding more than $100 million.
XRP is working to stabilize following a sharp retreat from its recent highs, as trader attention focuses on a crucial support band. The token climbed 71.8% from $0.988 to $1.698, but has since lost about 20% of its value, consolidating around a heavily traded range that will help determine whether the next move brings a push toward $2.
Critical Support Levels and On-Chain DataAnalyst Ali Martinez, widely followed for his technical and on-chain research, has identified the $1.31 to $1.38 band as the main level to watch. This zone is supported by significant trading activity: more than 4.8 billion XRP were acquired within this range, creating a large group of holders now sitting at or near their cost basis. The zone acts as a buffer against further declines but could just as easily flip to resistance if breached.
Martinez highlighted that earlier data mapped 3.2 billion XRP changing hands between $1.35 and $1.38. With an expanded view, the size of this cluster underlines the importance of the support. If it gives way, these holders could become sellers, adding to downward pressure.
More than 4.8 billion XRP were previously acquired between $1.31 and $1.38, creating a critical support cluster that is determining near-term price action.
Overhead resistance is also densely populated. Key “liquidity shelves” for XRP appear at $1.60 (with 1.99 billion XRP), $1.68 (1.98 billion XRP), and $1.86 (3.47 billion XRP). Martinez suggests that a clean move above $1.86 could open the path toward $2.19, based on another concentration of 3.12 billion XRP acquired at that level, making $2 only an intermediate milestone rather than the immediate target.
Price LevelXRP Volume Acquired$1.31-$1.38 (Support)4.8 billion$1.60 (Resistance)1.99 billion$1.68 (Resistance)1.98 billion$1.86 (Major Resistance)3.47 billion$2.19 (Upper Target)3.12 billionETF Inflows and Short-Term Price TriggersSupporting demand has emerged from U.S. spot XRP exchange-traded funds (ETFs), which attracted $105 million in inflows last week, equal to about 73.2 million XRP. This institutional buying came while XRP was still in correction, highlighting strong interest in regulated crypto investment products.
These ETF flows have not yet translated into consistent price gains for XRP, and analysts continue to scrutinize whether the sustained demand will eventually fuel a breakout. Uncertainty prevails, with traders monitoring how ETF-driven buying might interact with technical resistance and the broader risk environment, particularly as Bitcoin struggles below $80,000.
On lower timeframes, XRP’s hourly chart is forming a bullish flag pattern, which traders interpret as a potential precursor to a breakout. For Martinez, an hourly close above $1.38 would confirm this pattern’s resolution and shift attention back to the $2 target.
Until the hourly chart prints a close above $1.38, the recovery remains fragile and the push for $2 must wait for confirmation.
If bulls fail to hold the $1.31 support, the prospect of reclaiming $2 will likely be postponed, and the recent advance could continue to unravel.
XRP is the native token of the Ripple network, a blockchain-based system designed to facilitate fast, low-cost international payments.
Mini dictionary: ETF (Exchange-Traded Fund), a regulated investment fund that tracks the price of an asset (such as XRP) and is traded on stock exchanges, allowing larger investors to gain exposure to crypto without buying the underlying tokens directly.
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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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XRP is down today, which puts our price prediction centered around the modest pullback that undersells what just happened in Seoul. For a brief stretch on two of South Korea’s biggest exchanges, XRP wasn’t just keeping pace with Bitcoin, it was outtrading it.
Ripple trading volume on Upbit jumped 273% in a single day, hitting approximately $1.84 billion, with one dataset showing XRP volume near $418.9 million as the price climbed 25.2% to around $1.37, even as Bitcoin sits at $77,700 over the same stretch.
A wealth-focused YouTube host, Dr. Kamilah Stevenson, went further, suggesting some of that buying power rotated out of Korean semiconductor stocks and into XRP, though she stopped short of confirming the flow directly.
Korean retail is famous for fast rotation between high-momentum assets, so this could be pure speculation rather than conviction buying. Either way, it’s a fresh data point in the ongoing “kimchi premium” story, where local demand periodically detaches Korean prices from the global tape.
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Can XRP Price Hit $1.50 This Week?XRP’s weekly trend is still negative after the Korea-fueled spike faded. Volume remains elevated in the $1.8–2.5 billion range, keeping XRP inside the top tier of tracked assets by turnover.
Support has formed near $1.32–1.34, right where price is sitting now, while resistance clusters at $1.37–1.40, a level XRP has failed to clear decisively in recent sessions.
The bull case: a reclaim of $1.37 opens a retest of the $1.44 Korea-spike high, with continued Asian retail flow acting as the catalyst. The base case: consolidation between $1.32 and $1.37 while the market digests the volume surge, mirroring the kind of range-bound cooldown analysts flagged in a recent XRP price prediction toward $2. The bear case: a break below $1.32 invalidates the near-term setup and opens room toward the low $1.20s. None of this happens in a vacuum, as ETF inflow data will matter for which scenario plays out.
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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key LevelsXRP’s Korea-driven pop validated holders’ patience, but let’s be honest about the math: even a clean breakout to $1.44 is roughly an 8% move from here. At an $84–85 billion market cap, XRP simply can’t deliver the multiples that come from catching an asset before liquidity arrives. That’s the gap early-stage infrastructure plays are built to fill.
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BIS Uses XRP Ledger to Verify Statistical DataThe Bank for International Settlements (@BIS_org) has published a working paper this month describing a system that uses the XRP Ledger (@XRPLF) to anchor cryptographic fingerprints of official statistical datasets. The goal is to give data consumers a way to verify that published figures have not been altered after release, using the ledger as a tamper-evident record.
The project is developed as an open source initiative in collaboration with German financial consultancy d-fine. Rather than storing data on-chain directly, the system writes a cryptographic hash of each dataset to the XRP Ledger, allowing any third party to independently confirm whether a published dataset matches its on-chain fingerprint.
DevNet Deployment and ArchitectureThe paper reports that the current implementation runs on the XRP Ledger Foundation's DevNet rather than the main network, and the authors are clear that this is a proof of concept rather than a hardened production system. In testing, the system recorded publication latencies of three to five seconds, which is consistent with the XRP Ledger's typical transaction finality window.
One notable design choice is the use of a gateway layer that sits between the application and the ledger. That abstraction is intended to make migration to other chains technically straightforward, keeping the architecture flexible rather than tightly coupled to any single network.
The paper adds to a broader pattern of institutional interest in the XRP Ledger as infrastructure for regulated use cases. The ledger's compatibility with the ISO 20022 messaging standard and its open source governance have drawn attention from financial authorities looking at blockchain-based settlement and data integrity systems.
Sources:
Bank for International Settlements Working Papers
XRP Ledger (XRPL.org) official documentation
XRP Ledger order-book volume has increased 79% year over year in the second quarter of 2026, even as the number of daily trading accounts has fallen 40%, according to Evernorth.
Summary
XRPL order-book volume averaged 3.57 million XRP per day, up 79% from Q2 2025. Daily order-book traders fell from 1,864 to 1,111, while average volume per account nearly tripled. Average RLUSD balances on XRPL rose 642% year over year to $539 million. Value held on the ledger reached a quarterly average of $4.26 billion. Evernorth’s Q2 2026 XRP Liquidity Report showed that fewer accounts were responsible for heavier trading activity during the three months through June, creating a more concentrated market even as the amount of value held on the network continued to rise.
Order-book activity averaged 3.57 million XRP per day during the quarter, compared with about 1.99 million XRP a year earlier. Daily accounts initiating order-book trades declined from 1,864 to 1,111 over the same period, leaving each participating account to trade an average of 3,217 XRP per day.
A year earlier, the average account traded 1,072 XRP daily. Evernorth’s figures therefore put the increase in volume per trader at close to threefold, indicating that larger orders offset the drop in the number of active participants.
XRP Ledger trading has become more concentrated Total decentralized exchange volume on the XRP Ledger averaged 4.42 million XRP per day in Q2, about 20% above the same quarter in 2025, the report said. Order books accounted for 81% of that activity, up from 54% a year earlier.
Compared with the first quarter of 2026, however, total trading volume decreased by 16%. Evernorth described Q1 as an unusually active period, making the yearly and quarterly comparisons important when assessing whether the second-quarter pace can continue.
Average daily trading accounts across the XRP Ledger DEX fell to about 2,435, while order-book accounts recorded a steeper 40% decline. The report did not identify individual traders or determine how much of the remaining activity came from institutions, market makers, or automated strategies.
Institution-focused infrastructure may have contributed to the concentration, according to Evernorth, after permissioned domains and permissioned trading features became available in February. Such tools allow approved participants to transact within controlled environments, although the report did not assign a specific portion of Q2 volume to those venues.
The reduced account count also extended beyond trading. Daily transacting accounts averaged 16,587, while new accounts averaged 2,783 per day, with both measures down about 25% year over year.
Evernorth compared the decline with weaker activity across other crypto networks. According to the report, on-chain exchange volume across seven major programmable networks fell 46% from the previous year, while transaction fees paid on Ethereum, BNB Chain, Base, Arbitrum, Polygon, Optimism and Avalanche collectively dropped 38%.
Account counts are among the report’s most retail-sensitive measures, Evernorth said. The simultaneous decline across multiple chains therefore placed XRPL’s lower participation within a marketwide contraction in trading rather than attributing it solely to conditions on the ledger.
RLUSD liquidity has accelerated on XRPL Ripple USD activity produced one of the quarter’s largest yearly increases. Evernorth found that average RLUSD balances on the XRP Ledger reached $539 million, rising 642% from $73 million in Q2 2025.
Value moved through RLUSD increased 925% over the same period, while the XRP Ledger’s share of the stablecoin’s total supply grew from 20% to 34%. The report measured quarterly averages, meaning its $539 million balance figure differs from later point-in-time supply readings.
By the end of June, RLUSD supply on XRPL had reached about $676.9 million. The stablecoin continued expanding after the reporting period and passed $1 billion in circulating supply on the ledger on Aug. 28, when it represented about 82% of XRPL’s stablecoin market.
Ripple’s stablecoin also crossed $2 billion in total market value across supported networks in late August, less than two years after its December 2024 launch. As crypto.news previously reported, around $963 million was issued on XRPL, and approximately $1.05 billion was held on Ethereum when the total passed that level.
Because RLUSD seeks to maintain a value of $1, increases in its market capitalization mainly represent additional issuance rather than token price gains. Ripple reported $1.98 billion in reserve assets against $1.87 billion in circulation as of Aug. 20, with monthly independent attestations prepared by Deloitte.
Earlier in 2026, Evernorth reported that RLUSD pairs had generated more than $2.5 billion in XRPL trading activity since launch. The RLUSD/XRP pair contributed about $900 million over six months, while the stablecoin’s share of on-chain trading increased from below 1% to about 12%.
The earlier liquidity findings also placed monthly RLUSD trading transactions near 1 million. Each transfer or trade settling natively on XRPL requires network fees paid in XRP, although transaction activity does not automatically show how much lasting demand it creates for the token.
During Q2, RLUSD also expanded through Wormhole’s Native Token Transfers system to Base, Optimism, Ink, Unichain and the XRPL EVM sidechain. Ripple already supported the stablecoin natively on XRPL and Ethereum.
Value held on XRPL has reached a quarterly record Average value held on the XRP Ledger rose to $4.26 billion during Q2, according to Evernorth, setting the highest quarterly reading in the report’s series. Six quarters earlier, the comparable figure stood at $99 million.
The measure increased in every quarter across that period, even when trading participation weakened. It includes value represented by issued assets on the ledger and is separate from XRP’s total market capitalization, which tracks the circulating token supply multiplied by its market price.
Tokenized assets and stablecoins contributed to the increase. A portion of a tokenized U.S. Treasury fund also completed its on-ledger asset settlement in under five seconds during the quarter, although the reported timing covered the blockchain leg rather than the entire banking and payment process.
RLUSD’s growth formed a large part of the asset increase, while XRP produced a strong market move after Q2 ended. The token gained about 37% in August, rising from a 2026 low of $0.9874 on Aug. 15 to a six-month high of $1.6963 on Aug. 22 before moving back into the $1.35 to $1.50 range near month-end.
U.S.-listed spot XRP exchange-traded funds recorded $110.49 million in net inflows during the week ending Aug. 28, their highest weekly total of 2026. Seven funds had accumulated more than $1.66 billion in net inflows by that point, while combined August trading volume reached $723 million.
Evernorth’s U.S. listing ties the data to public investors Evernorth’s report also carries relevance for U.S. investors because the Ripple-backed company is seeking to become a publicly traded XRP treasury business through a merger with Armada Acquisition Corp. II.
Under an amended SEC registration, the proposed company expects to list on Nasdaq under the ticker XRPN if the transaction closes. Investor commitments exceed $1 billion and include Ripple, SBI Holdings, Pantera Capital, Kraken, and Arrington Capital.
Evernorth previously disclosed $387.1 million in XRP holdings, while Ripple contributed more than 126.7 million XRP to the treasury plan. The company has also said it plans to operate XRPL validators, use RLUSD in institutional decentralized finance services, and support tokenized real-world assets.
The SEC must declare the registration statement effective before Armada Acquisition Corp. II shareholders can vote on the business combination. The filing remained under SEC staff review, with the regulator providing comments on the proposed transaction.
On September 1, 2026, cryptocurrency commentator Xaif (@Xaif_Crypto) claimed Ripple had sent 1 billion XRP back into escrow, citing three transactions: 300 million XRP, 500 million XRP, and 200 million XRP, all directed to Ripple-linked wallets. The announcement circulated widely, prompting immediate debate and scrutiny within the XRP community.
Breakdown of the September Escrow TransactionsRipple followed its established monthly protocol by releasing 1 billion XRP from escrow at the start of September, as dictated by a program introduced in 2017. The release happened in three tranches: 500 million XRP, 400 million XRP, and 100 million XRP, all enabled by time-based contracts on the XRP Ledger.
Historically, Ripple has re-locked between 600 million and 800 million XRP after each monthly unlock. This month, blockchain data revealed two confirmed escrow lock transactions: one for 500 million XRP and another for 200 million XRP, bringing the re-locked total to 700 million XRP. This pattern is consistent with Ripple’s customary escrow practices.
Although several analysts, including Chad Steingraber, amplified the claim that Ripple sent 1 billion XRP back into escrow, further review of the transactions and third-party monitoring platforms clarified only 700 million XRP were re-locked. The remaining 300 million XRP was handled differently.
Community Response and Transaction DetailsThe disputed transaction involved the 300 million XRP transfer directed to Ripple (1). Numerous community members, including Ben Smith, highlighted that this specific transfer was a payment rather than an escrow lock, mirroring similar transactions executed in previous months.
Screenshots shared online from the whale monitoring service Whale Alert displayed clear distinctions: of the three major outgoing transactions, only the 500 million XRP and 200 million XRP movements qualified as escrow locks, while the 300 million XRP was flagged as a payment.
Ben Smith pointed out evidence showing Ripple unlocked 1 billion XRP as usual, then re-locked 700 million XRP into escrow, with blockchain records treating the remaining 300 million XRP as an internal payment.
Recurring Debate Surrounding Ripple’s Escrow ProcessRipple’s monthly escrow cycle frequently prompts discussion among traders and analysts, especially concerning the volume of XRP returned to lockup and its potential market implications. Despite the routine nature of these transactions, speculation persists regarding the future use of unlocked tokens.
Some community members have previously questioned Ripple’s intentions, linking regular escrow releases to token sales or hypothesizing about undisclosed partnership deals. Notably, rumors have circulated about a potential multi-billion XRP partnership with a major corporation, although no extraordinary event transpired in this cycle.
Amid ongoing debate about market mechanisms and escrow transparency, broader trends in the financial industry are reshaping how investors engage with digital assets. While traditional markets depend on complicated intermediaries, platforms such as 1stepSwap are driving change by enabling users to hold tokenized shares of blue-chip U.S. companies and precious metals like gold and silver directly in crypto wallets. This shift is eliminating middlemen by tokenizing real-world assets and delivering the best available market prices within seconds.
For now, Ripple’s monthly unlock and relock procedures remain a closely followed event, with minor discrepancies in transaction interpretation continuing to spark lively discussion.
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are flashing a bearish “Bart Simpson pattern” as analysts warn the sharp August rally could fully reverse if key levels fail to hold.
How the Bart Simpson Pattern FormsAccording to CoinDesk, the Bart Simpson pattern has three phases. First comes a sudden sharp price spike that tricks buyers into chasing momentum.
Then price moves sideways in a tight range as volume drops off. Finally, price snaps back sharply in the opposite direction of the original spike.
Put together on a chart, the shape looks unmistakably like Bart’s spiked hairline.
The pattern first appeared in crypto in 2015 when Bitcoin traded at $229 and has not been widely discussed in at least three years.
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Analyst Benjamin Cowen flagged the formation in his X post on Sep. 1, reigniting the conversation.
Bitcoin and XRP Enter the Pullback PhaseFor Bitcoin, the spike began August 19 at $64,420 and ran to nearly $80,700 by Aug. 25 before stalling.
Bitcoin now trades around $76,500, with the flat range phase giving way to what looks like the beginning of a snap back.
For XRP, the spike began the same day, climbing from $1 to $1.52 by Aug. 22. XRP has since drifted lower to around $1.32, tracing a similar shape on the chart.
Analysts Flag Deeper Downside RisksQuantum Economics founder Mati Greenspan told CoinDesk that a true Bart Simpson completion requires a 20% pullback, though he doubts Bitcoin gets there given how much deeper and more institutional the market has become since these patterns last appeared.
For XRP he is less confident, noting that a sharp retracement toward where the rally started would fit the pattern cleanly.
“If it retraces sharply toward where the rally began, XRP won’t just be a relic of 2017; it will have the haircut to match,” Greenspan said.
New Market Trading CEO Frank Hepworth told CoinDesk that the setup reads as a classic distribution pattern, where large holders sell into retail buying.
Bitcoin’s repeated failure to clear the 50-week moving average near $81,000 is the key warning sign, with Hepworth projecting a drop toward $70,000 or $58,000 if selling accelerates.
For XRP, he expects the token to underperform Bitcoin significantly on any correction, with downside targets ranging from $0.46 to $1.21 depending on how deep Bitcoin’s pullback goes.
Meanwhile, CryptoQuant analyst AxelAdlerJr noted that long-term holder distribution climbed 62% to 282,000 BTC between Aug. 18 and Aug. 28, the highest reading since early 2026, putting real supply pressure behind the technical warning signals.
XRP continues to trade quietly after a recent surge, with crypto investor Mason Versluis urging investors not to overlook the coin’s next potential move. Versluis, a prominent voice in the cryptocurrency space, outlined his technical analysis in a recent video, focusing on price levels and patterns that could dictate XRP’s upcoming direction.
Key resistance and support levelsAccording to Versluis, XRP’s recent sharp rally resulted in a price compression pattern on the chart, which he described as either a bull flag or a bull pennant. These formations, typically associated with trend continuation, suggest that further upward momentum may be possible if certain levels are breached.
He emphasized $1.43 as a crucial resistance point. If XRP manages to close one or two consecutive four-hour candles above this price, Versluis expects the coin to enter another leg higher. On the other end, he called $1.30 the most important support that needs to hold in the event of downward pressure.
His immediate price target stands at $2.10, based on projecting the height of the preceding rally onto the anticipated breakout from the current pattern. This level represents an estimated 56% increase from current prices.
Versluis underscored that a clear break above $1.43 with sustained momentum could set up a sharp move toward $2.10, aligning with his bullish outlook on XRP’s short-term potential.
Long-term breakout potentialTaking a broader perspective, Versluis pointed to the weekly chart, identifying the upper boundary of a falling wedge pattern near $3.68 as the next major target over the coming weeks. He noted that while the journey may not be immediate, XRP could be positioned to challenge its all-time high before the end of the year, should the technical setup hold.
He cited a clear breakout on the weekly timeframe as the catalyst that could signal a significant trend change for the asset. Versluis described this weekly rally as an indication that the prolonged bearish phase, which began in July 2025, might be coming to an end, paving the way for further gains.
The technical alignment on both the daily and weekly charts gives Versluis confidence that XRP holders could see “the beginning of a massive move higher,” provided key levels are maintained.
Market participation and opportunityVersluis observed a notable decline in retail participation following the spike to $1.70, suggesting that many individual investors exited the market during the recent volatility. He positioned this reduced attention as a potential advantage for those willing to remain engaged and monitor the unfolding setup.
The coordination between multiple timeframes, with a short-term target at $2.10 and a medium-term outlook towards $3.68, presents traders with a progression of milestones to watch. How XRP reacts to the $1.43 resistance in the coming sessions is seen as the first major test for this scenario.
Given the fast-paced environment of digital asset trading, where a single Federal Reserve action or an unexpected altcoin listing can trigger abrupt shifts, tracking critical price levels and pattern formations has become increasingly vital. In response, many market participants now utilize privacy-focused solutions like CryptoAppsy, which provide real-time charts, custom price alerts, news specific to individual coins, and important macroeconomic data in one interface, all without requiring account creation.
With muted retail activity and evolving technical signals, XRP holders and traders will be closely watching price action at these pivotal levels as the market awaits its next major move.
The Bank for International Settlements (BIS) has tested the XRP Ledger as a public verification layer for economic statistics.
With the help of the blockchain, the BIS has created a permanent record that can show whether a published dataset has been altered.
Verification problem How can someone who downloads an official statistics file be certain that it is the same file published by the issuers?
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Official statistics are mostly distributed through digital platforms and consumed by automated systems, including AI tools. The BIS notes that SDMx, the standard used to exchange official statistics, helps institutions publish and distribute data, but there are concerns about providing the stated source.
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The BIS prototype adds verification with the help of blockchain by keeping an independent record of the dataset's fingerprint.
That root is recorded on the XRP Ledger through a Payment transaction using the ledger's memo field. The blockchain stores the cryptographic information that is needed for verification.
A proof of concept The paper describes an actual proof of concept built on XRPL's DevNet. The BIS says the system was designed around the ledger's low transaction costs and rapid confirmation times.
Under the controlled test conditions, the prototype achieved a median publication latency of roughly three to five seconds. Verification took about one to two seconds.
The prototype is built around SDMx, but the authors say the same architecture could be extended to other structured reporting formats, including XBRL.
It is worth noting that the BIS experiment remains a proof of concept. Hence, it should not be treated as an official announcement.
However, it does demonstrate an unusual use case for the XRP Ledger network, which sometimes gets criticized due to its apparent lack of utility.
For many long-term XRP holders, waiting for market prices to rise has been a common strategy, however, the cryptocurrency market is highly volatile, and relying solely on price fluctuations for profit means facing market uncertainty.
Summary
XRPPower has opened a limited time automated trading program for XRP holders and users of other supported cryptocurrencies. The platform offers fixed term contracts ranging from seven to 20 days, with stated daily returns based on the amount committed. New users receive a $21 registration bonus, while the platform also offers referral rewards of 3% and 2%. XRPPower says its system uses automated monitoring, security controls and account tools to manage trading services and user records. With the continuous development of automation and intelligent systems, more and more digital asset users are focusing on more convenient ways to use their assets. XRPPower is now launching a limited-time participation program for eligible XRP users, allowing them to learn about and experience the platform’s automated trading system, exploring long-term daily profit opportunities while reducing complex manual operations.
This program aims to provide long-term XRP holders with more digital asset service options. Through automated systems and pre-set operating mechanisms, users can participate in related services without frequently monitoring market changes or engaging in lengthy manual operations.
How can new users join XRPPower and learn about its services? 1. Free account registration
You can quickly create an XRPPower account using your frequently used email address; the registration process is simple and convenient. After registration, you can access the platform to learn about related functions, services, and different plans.
2. Understanding platform services and plans
Based on your individual needs, view the duration, participation conditions, and related rules of different service plans. Before participating, it is recommended to fully understand the service content and potential risks.
3. Participate using supported digital assets
Depending on the payment methods provided by the platform, users can use supported digital assets such as XRP, BTC, ETH, and USDT to participate in related services. Please confirm the specific conditions and rules before proceeding.
4. View account information and service records
Users can view relevant service records, balance changes, and historical information through their accounts at any time for a clearer understanding of their account status.
Based on individual needs and platform rules, users can apply for withdrawals or continue to explore other service options offered by the platform.
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New users receive a $21 bonus upon registration, which can be used to purchase daily contracts, earning $0.60 per day.
Additional referral rewards
Log in to your account using your referral code or request link to invite friends and family to join the XRPPower platform and earn permanent rewards of 3% + 2%.
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(A) User A refers User B to make an additional investment; if B invests $10,000, A will receive a 3% ($300) reward.
(B) User B refers User C to make an additional investment; if C invests $10,000, B will receive a 3% ($300) reward, while A will receive a 2% ($200) second-level referral reward.
XRPPower Intelligent Technology System: Continuously enhancing security, efficiency, and transparency
In today’s ever-evolving digital service landscape, users are increasingly focused on platform security, system stability, operational efficiency, and information transparency. XRPPower continuously improves its technical architecture and service processes around these core areas, providing users with a clearer and more convenient digital service experience.
Strengthening security architecture and enhancing multi-Layer protection
XRPPower strengthens platform security through various technical measures, including SSL/TLS encryption, two-factor authentication (2FA), cold and hot wallet isolation, multi-signature, and access control management.
Simultaneously, the platform continuously monitors the relevant practices of international professional institutions in risk management, internal control, and information security, and references the professional concepts of international professional auditing and consulting firms such as PwC to continuously optimize internal management and security processes.
Intelligent monitoring for more efficient system operation
XRPPower applies intelligent data analysis and automation technologies to daily system operations, monitoring system status and abnormal activity to help improve risk identification and operational efficiency.
Furthermore, the platform combines DDoS protection, Web Application Firewall (WAF), and other network security technologies to continuously strengthen network and infrastructure protection capabilities.
Making service information clearer and more understandable
To help users better understand the platform, XRPPower continuously optimizes service pages and account functions, providing a clearer display of service rules, participation conditions, cycles, and related information.
Users can view relevant records and information through their accounts and independently understand and select relevant services according to their needs.
Continuous innovation, driving technology and service upgrades
As artificial intelligence and digital infrastructure technologies continue to develop, XRPPower will continue to monitor industry changes and improve its overall service capabilities through technology updates, system optimization, and process refinement.
In the future, the platform will continue to focus on security, stability, transparency, and intelligence, continuously improving its digital service system to provide users with a more convenient and efficient service experience.
The Bank for International Settlements (BIS) has conducted a trial using the XRP Ledger as a public verification layer to enhance the integrity of official economic statistics. The experiment centers on leveraging blockchain technology to ensure that digital datasets remain unaltered from the point of publication to their consumption by end users.
Blockchain for validating statistical dataIncreasingly, key economic statistics are distributed digitally and consumed by automated platforms, including artificial intelligence tools. While SDMx, the Statistical Data and Metadata eXchange standard, already helps institutions distribute data, concerns persist about the ability of recipients to verify the authenticity and integrity of official publications.
In response, the BIS developed a prototype verification system that captures a dataset’s cryptographic fingerprint and records it independently using blockchain. This approach allows any user who downloads an official dataset to confirm its authenticity and verify that it has not been tampered with after publication.
The system utilizes the XRP Ledger (XRPL), a decentralized, public blockchain designed for fast, low-cost transactions. The BIS chose XRPL because of its minimal transaction fees and rapid confirmation times, which are critical for real-time or near-real-time records.
Mini dictionary: Bank for International Settlements (BIS), an international financial institution that serves as a bank for central banks, providing financial services, research, and fostering international monetary cooperation.
Technical details and performanceThe BIS prototype operates by storing the cryptographic root of a dataset on the XRP Ledger via a Payment transaction, utilizing the memo field. This method ensures a permanent and transparent record, enabling post-distribution verification of the dataset’s integrity.
During testing on XRPL’s DevNet environment, the system recorded a median publication latency of three to five seconds, while the process to verify a dataset’s fingerprint took roughly one to two seconds. The BIS paper notes that, although the prototype is currently based on SDMx, the architecture could be expanded to accommodate other structured reporting formats, such as XBRL.
Key FeatureBIS Prototype ResultMedian Publication Latency3 to 5 secondsVerification Time1 to 2 secondsBlockchain UsedXRP Ledger (DevNet)Dataset FormatSDMx (with potential for XBRL)Limitations and future implicationsThe experiment remains a proof of concept and is not being positioned as an operational solution. However, it highlights a novel application for the XRP Ledger, which is often subject to skepticism regarding its real-world use cases beyond cross-border payments.
A BIS paper emphasizes that their system, designed on the XRP Ledger, delivers rapid data publication and near-instant verification, while remaining flexible enough to extend to other reporting frameworks in the future.
By demonstrating blockchain’s potential in verifying official data, BIS has opened up new possibilities for how institutions could maintain public trust in their economic reporting streams.
XRP experienced a steep price correction on the 22nd of August. Yet, despite that momentum, one trend has quietly continued beneath the sell-off. Ripple [XRP] tokens keep leaving the Binance exchange.
Since November 2025, the altcoin’s monthly reserves have fallen from 3.1 billion to 2.6 billion XRP. This decline removed roughly 500 million tokens.
Normally, a 63% retreat from $3.66 toward $1.35 could encourage holders to return tokens for selling. Instead, reserves kept trending lower through rebounds and retracements, while the monthly average reached its weakest level since February 2024.
Source: CryptoQuant Simply, that divergence in trends indicates that XRP holders are increasingly moving XRP from exchanges like Binance rather than returning it to an exchange. Despite this implying that holders show no intent of selling, it does not prove accumulation.
This is because custody changes and other Binance transfers can cause reserve balances to decline.
Still, fewer exchange-held tokens mean less XRP sits immediately available for sale. Yet, if withdrawals persist when demand improves, tightening exchange supply could strengthen XRP’s longer-term recovery.
Whale withdrawals dominate XRP outflows As XRP continued leaving Binance, August revealed another shift. Larger holders were increasingly responsible for the sudden trend shift. Notably, whale outflow dominance reached 84.25% on the 21st of August, while retail slipped to just 15%.
That 69.25-point gap nearly replicated March’s 84.6% whale peak. In other words, this simply showed that large-holder activity had returned to an extreme.
Moreover, whales generated 5.6 times retail outflows. This was up from 4.5 times that experienced in June.
Source: CryptoQuant This concentration matters because large transfers can reshape exchange liquidity faster than dispersed retail movements. Nevertheless, outflows cannot confirm whether whales are accumulating or simply relocating the tokens.
Meanwhile, with dominance now easing to 78.5%, sustained levels near 80% would indicate large holders remain the main force behind Binance withdrawals.
XRP tests key support as selling pressure persists Whale withdrawals may be reducing XRP on Binance, but price action shows that scarcity alone has not brought buyers back. XRP’s rally stalled near $1.56 before repeated lower highs dragged the price toward $1.35, keeping sellers firmly involved.
Source: TradingView At press time the altcoin was trading at $1.32. However, a break above the current bearish trend line would provide bulls with the first real opportunity to reverse recent losses.
If the bulls can successfully defend this area, it will create a basis from which XRP can build upon instead of just pausing before another leg lower.
However, weak volume shows buyers have not committed enough capital yet. A move through $1.42 would change that picture, opening $1.48–$1.50. Consequently, if the $1.3199 level breaks, bearish momentum could overwhelm reduced exchange supply
As a result, this would expose the $1.25–$1.28 zone, hence extending the correction and delaying any meaningful recovery.
Final Summary XRP Binance reserves fell 500 million tokens as whale withdrawals tightened exchange supply. XRP must hold $1.3199 and reclaim $1.42 to strengthen recovery prospects.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Ripple (XRP) and Stellar (XLM) show divergent technical outlooks as traders assess whether the recent weakness could give way to a recovery. XRP is finding support and defining a key support zone, while XLM slips below a cluster of Exponential Moving Averages (EMAs). However, improving derivatives metrics for both tokens suggest market positioning could be shifting toward a potential short-term rebound.
Derivatives metrics support a potential recoveryDerivatives data shows a mild bullish tilt among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 1.15 and 1.09, respectively, on Thursday, nearing their highest levels in a month. A ratio above one indicates bullish sentiment, as traders bet asset prices will rise.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassIn addition, the XRP funding rate flipped positive on Saturday and read 0.0097% on Thursday, indicating that longs are paying shorts and reflecting a bullish bias. Similarly, the XLM funding rate flipped positive on Wednesday and read 0.0100% on Thursday, reflecting a bullish outlook.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassXRP technical outlook: Defends key 200-day EMAXRP price trades at $1.359 on Thursday, holding above the key EMAs, with the 200-day EMA at $1.350 and the 50-day and 100-day EMAs at $1.222 and $1.218, respectively, which collectively suggest a constructive near-term bias while price consolidates near recent highs.
The Relative Strength Index (RSI) at 59 shows momentum cooling from prior overbought extremes but still leans mildly positive. In contrast, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, hinting at a loss of upside traction rather than a completed bearish reversal as long as price remains supported above the 200-day EMA.
On the downside, immediate support is just below the market at the 200-day EMA around $1.350, with a stronger structural floor at the horizontal level of $1.300 before deeper demand emerges near the clustered 50-day and 100-day EMAs around $1.220 and, farther below, the $1.000 psychological zone.
On the topside, the next notable resistance does not appear until the horizontal barrier at $1.900, suggesting that if buyers can defend the $1.350–$1.300 band, the broader uptrend could resume toward that ceiling once momentum stabilizes.
XRP/USDT daily chartXLM technical outlook: Slips below key support zoneXLM trades at $0.1772 on Thursday, holding below a dense band of EMA resistance that keeps the near-term bias bearish.
XLM price is capped first by a horizontal barrier at $0.1774, closely followed by the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795, while the 200-day EMA sits higher at $0.1887, reinforcing the broader downtrend.
The RSI at 49 sits near neutral, and the MACD has slipped slightly negative, suggesting waning upside momentum after the recent rally and favoring consolidation or a mild pullback while these overhead levels remain intact.
On the topside, immediate resistance sits at $0.1774, with the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795 forming a tight cluster that XLM would need to clear to resume a push toward the 200-day EMA at $0.1887.
On the downside, the next notable support sits at the horizontal level of $0.1420, where buyers could reemerge if selling pressure extends. However, the lack of nearer structural floors leaves the pair vulnerable to sharper downside if current resistance continues to reject advances.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
The cryptocurrency market remained muted on Wednesday, even as softer private employment data modestly reducing the odds of a rate hike.
Crypto Market StableBitcoin held steady, with trading volume dropping 13% over the last 24 hours. The apex cryptocurrency has corrected by 1.68% over the past week.
After failing to hold above $2,400 early in the session, Ethereum slid to an intraday low of $2,356. XRP and Dogecoin also recorded gains.
Cryptocurrency-related stocks dipped, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.35% and 1.33%, respectively.
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Over $280 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data.
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Bitcoin’s open interest fell 0.35% over the last 24 hours. Notably, sentiment among retail and whale derivatives traders was markedly bullish.
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The global cryptocurrency market cap slipped 1.74% in the last 24 hours to $2.60 trillion.
Stock Market ReboundsStocks halted their losing streak on Wednesday. The Dow Jones Industrial Average rallied 295.07 points, or 0.56%, to end at 53,061.95. The S&P 500 rose 0.46% to close at 7,666.60, while the tech-heavy Nasdaq Composite gained 0.45% to close at 26,217.83
U.S. private payrolls increased by 38,000 jobs in August, marking the slowest pace of job creation since January.
The probability of a rate hike to 3.75%–4.00% at the Federal Reserve’s meeting later this month fell from 67% to 62.3% in 24 hours, according to the CME FedWatch tool.
Whales Buy BTC DipAli Martinez, a widely followed cryptocurrency analyst and trader, noted that large investors have been scooping up Bitcoin despite the correction.
Martinez highlighted that since Bitcoin’s retracement from $81,474 to $76,732, whales have accumulated 6,765 BTC, worth roughly $521 million.
Michaël van de Poppe, another well-known cryptocurrency researcher, analyzed Ethereum’s moves, highlighting potential downside sweeps to $2,355 followed by $2,300 as initial buying zones.
“Best case: $2,200 would be the ideal spot for long entries,” Van De Poppe said. “However, ultimately, this dip is to get yourself positioned before ETH goes to $3,000.”
Crypto analyst Ali Martinez, in his recent assessments of XRP and Cardano (ADA), stated that the technical outlook for both altcoins points to a potential recovery. According to Martinez, the $1.31-$1.38 range stands out as a critical support zone for XRP, while the Tom DeMark Sequential indicator has generated a new buy signal for Cardano.
Martinez noted that despite the current correction, XRP is trading above a strong support area. On-chain data shows that over 4.8 billion XRP were previously purchased at prices between $1.31 and $1.38. Therefore, the analyst stated that this area could form a significant line of defense should selling pressure continue.
Another positive factor for XRP was the increased demand for spot XRP ETFs in the US. According to data shared by Martinez, spot XRP ETFs accumulated over $105 million worth of XRP last week. The analyst stated that ETF-related purchases have not yet fully translated into price performance, but they provided additional demand to the market during the pullback.
From a technical perspective, it was noted that XRP may be forming a bullish flag pattern on the hourly chart. According to Martinez, a breakout above $1.38 on the hourly chart could confirm an upward breakout of the pattern. In such a scenario, the $2 level could come back into play.
Martinez emphasized that XRP investors should pay close attention to the $1.31-$1.38 range in particular.
On the Cardano side, it was noted that the Tom DeMark Sequential indicator gave a new bullish signal on the daily chart. Martinez stated that this indicator has yielded remarkable results in identifying ADA’s local lows in recent months.
According to the data shared by the analyst, the indicator experienced increases of 44.5% in ADA following the signal given on June 25, 11.5% following the signal on July 15, and 50.9% following the signal on August 18.
*This is not investment advice.
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Ripple (XRP) ETF piyasasında kurumsal yatırımcıların ağırlığı giderek daha fazla dikkat çekiyor. Bloomberg Intelligence tarafından paylaşılan ve James Seyffart’ın 31 Ağustos’ta aktardığı ikinci çeyrek 13F bildirimlerine göre Goldman Sachs, Jane Street Group ve Millennium Management, spot XRP ETF’lerinde bildirilen en büyük üç yatırımcı oldu.
Kurumsal şirketlerin ETF pozisyonları büyürken XRP fiyatı ise ağustos ayındaki zirvesinden geri çekildi. Bu durum, kurumsal yatırımcıların dijital varlığa ilgisinin yalnızca token fiyatındaki yükselişle sınırlı olmadığını gösteren önemli bir tablo ortaya koyuyor.
Goldman Sachs XRP ETF’lerinde Ne Kadar Tuttu? Bloomberg Intelligence verilerinde Goldman Sachs açık ara en büyük bildirilen yatırımcı olarak öne çıkıyor. Şirketin spot Ripple ETF pozisyonu 87,4 milyon dolar değerinde ve yaklaşık 84 milyon XRP’ye karşılık geliyor.
Jane Street Group yaklaşık 16 milyon XRP tutarken bu pozisyonun değeri 16,6 milyon dolar seviyesinde bulunuyor. Millennium Management ise 15,5 milyon Ripple ile yaklaşık 16,2 milyon dolarlık ETF pozisyonuna sahip.
Listenin dördüncü sırasında 14,4 milyon dolarlık yatırımla Intesa Sanpaolo yer alıyor. Marex UK Holdings 8,1 milyon dolarlık pozisyonla onu takip ederken Citadel Advisors da bildirilen yatırımcılar arasında bulunuyor.
Bununla birlikte tüm kurumlar pozisyonlarını artırmadı. Citadel Advisors’ın XRP ETF pozisyonu 645 bin dolar azalırken SIG Holdings çok daha büyük bir düşüş kaydetti ve bildirilen XRP pozisyonu yaklaşık 4,6 milyon dolar geriledi.
Kurumsal Yatırımcıların Toplam Pozisyonu Ne Kadar? Bildirimlerde yer alan yatırımcıların toplam Ripple ETF pozisyonu 183,5 milyon dolara ulaştı. Bu miktar yaklaşık 176,4 milyon XRP’ye denk geliyor.
Yatırımcı türlerine göre dağılımda ise yatırım danışmanları açık ara önde bulunuyor. Bu gruptaki toplam pozisyon 120,9 milyon dolar olurken hedge fon yöneticileri 25,1 milyon dolar, aracı kurumlar 17,9 milyon dolar ve bankalar 14,8 milyon dolarlık pozisyon bildirdi.
Bu dağılım, Ripple ETF ürünlerinde kurumsal ilginin özellikle yatırım danışmanları tarafında yoğunlaştığını ortaya koyuyor. Kripto yatırımı açısından bakıldığında 13F bildirimleri, büyük finans kuruluşlarının belirli dijital varlıklara yönelik pozisyonlarını takip etmek için önemli veriler sunuyor.
XRP ETF Talebi Neden Güçleniyor? Kurumsal pozisyonlardaki artış, spot Ripple ETF ürünlerine yönelik güçlü para girişleriyle aynı döneme denk geliyor. 28 Ağustos’ta sona eren haftada ETF’lere 110,5 milyon dolar giriş gerçekleşti.
Bu rakam, Aralık 2025’in ilk haftasından bu yana görülen en güçlü beş günlük giriş oldu. O dönemde ürünler 230 milyon doların üzerinde sermaye çekmişti.
SoSoValue verilerine göre 31 Ağustos’ta ETF’lere 5,6 milyon dolar daha aktı. Böylece ürünlerin toplam net para girişi yaklaşık 1,67 milyar dolara yükselirken toplam net varlık değeri de yaklaşık 1,45 milyar dolara ulaştı.
XRP Fiyatındaki Düşüş Ne Anlatıyor? ETF talebi güçlü seyrini korurken XRP token fiyatı aynı performansı göstermedi. Yazım sırasında yaklaşık 1,40 dolardan işlem gören XRP, önceki hafta 1,70 dolarla birkaç ayın en yüksek seviyesine ulaşmıştı.
Buna rağmen son yedi günde yaklaşık yüzde 9 değer kaybetti. XRP hâlâ bir ay önceki seviyesinin yüzde 28, iki hafta önceki seviyesinin ise yaklaşık yüzde 40 üzerinde bulunuyor.
Daha uzun vadeli karşılaştırmada ise tablo daha farklı. XRP, geçen yılın aynı dönemindeki değerinin yaklaşık yüzde 50 altında ve Temmuz 2025’te kaydedilen 3,65 dolarlık tüm zamanların zirvesinin yaklaşık yüzde 62 gerisinde.
Bu nedenle XRP ETF girişlerini tek başına fiyat yükselişinin garantisi olarak görmek doğru olmayabilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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Nate Geraci, an influential figure in the ETF analysis space, highlighted a shift in Washington’s cryptocurrency debate this week. The central issue for policymakers, he noted, has moved beyond whether digital assets will enter the financial mainstream, focusing instead on how their integration will be structured. For XRP, the digital asset developed by Ripple Labs for global payments, these regulatory nuances are especially significant due to its complex legal journey in the United States.
Debate shifts toward system architectureEchoing Kristin Smith, President of the Solana Policy Institute, Geraci explained that current regulatory discussions now revolve around constructing the architecture for crypto’s potential coexistence or integration with established financial systems. This shift comes as the CLARITY Act nears a decisive Senate procedural vote on Sept. 15, while federal bodies continue updating crypto rules even before formal legislative decisions are made.
This two-track strategy stands out for XRP because of its unique progression through the U.S. regulatory landscape compared to many other digital assets.
Geraci summarized: Policymakers are no longer fixated on whether crypto should become a part of traditional finance. Attention is now on the framework that will govern its role in the system.
Impact of court decisions and legislative provisionsRipple Labs and the U.S. Securities and Exchange Commission put an end to their respective appeals in August 2025, establishing the district court’s final judgment as authoritative. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP did not constitute unregistered securities transactions, although certain institutional sales did fall under existing securities law.
A crucial discussion point for XRP is the proposed Section 105 in the Senate’s draft legislation. If adopted, this provision would restrict the SEC’s jurisdiction when a non-appealable U.S. court judgment, pre-dating the law, determines a digital asset is not a security.
However, legal analysts caution that the impact of this clause has limits. Judge Torres’s findings applied specifically to certain types of XRP transactions, rather than issuing a blanket determination for all sales of the token. As a result, debates about the security status of XRP continue and remain closely tied to the specific circumstances of each transaction.
This uncertainty keeps the institutional infrastructure question at the forefront of the discussion regarding XRP’s place in regulated markets.
SEC proposals and technological integrationOn Sept. 1, the SEC introduced its first significant update in decades to transfer-agent regulations, specifically acknowledging the role of blockchain technology in securities offerings and share transfers. Transfer agents manage crucial elements of U.S. securities settlement and ownership, positioning them at the center of market operations.
Coinpaper analyzed the intersection of these proposed blockchain-focused transfer-agent rules with both Ripple and the XRP Ledger’s expanding tokenization infrastructure.
For Ripple and the XRP Ledger, these developments align with ongoing efforts to expand into tokenization, institutional custody, stablecoin strategies, and broader financial infrastructure. XRP-linked investment vehicles, such as exchange-traded funds (ETFs), are also becoming more common within regulated finance circles.
Mini dictionary: Transfer agents, in finance, are responsible for maintaining records of investors and facilitating securities transfers, settlements, and ownership changes for corporations and funds.
EventDateXRP ImpactProgrammatic sales not securitiesDistrict Court, 2025FavorableSEC transfer-agent rule proposalSept. 1, 2025Expands blockchain recognitionXRP price movementSept. 3, 2025$1.32 (down 2%)XRP market response and outlookRipple CEO Brad Garlinghouse has maintained that passing the CLARITY Act could eliminate a significant regulatory obstacle for the XRP ecosystem, paving the way for broader adoption by institutional investors and financial platforms.
Despite these policy developments, the immediate effect on XRP’s market value has been limited. XRP traded at approximately $1.32 on Wednesday, representing a decline of nearly 2% on the day and about 9% from its August 27 level of $1.45.
While policy shifts promise long-term clarity, current market sentiment suggests that traders and investors do not view them as immediate drivers for XRP price action.
Industry participants see Washington’s focus evolving from existential questions of whether crypto belongs in traditional finance, to the logistical challenges of shaping its regulated participation. For XRP, the main regulatory milestone ahead centers on solidifying the structures through which it can function within established U.S. markets, rather than debating its eligibility for access.
Mastercard makes surprise XRP Ledger moveMastercard has joined an upcoming XRP Ledger hackathon in New York as a sponsor.
The New York-headquartered firm will participate in the 36-hour XRP Ledger Hackathon that is scheduled for Oct. 24–25. The event will bring developers to New York to build and launch projects on the XRP Ledger ahead of Swell. The much-awaited Ripple conference will take place the following week.
The hackathon includes four tracks focused on protocol innovation, agentic finance, lending and borrowing. Teams with existing projects have also been encouraged to add XRPL functionality.
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Mastercard's relationship with Ripple has gradually expanded over the past year. In November 2024, Ripple announced a collaboration with Mastercard, WebBank and Gemini that revolves around Ripple's RLUSD stablecoin. The partnership came after Gemini launched an XRP edition of its Mastercard credit card last August.
Legendary trader Brandt buys BitcoinBitcoin jumps to $72,335 as a rare chart pattern forces Peter Brandt to ditch his bearish bias.
Legendary futures trader and head of Factor LLC Peter Brandt has opened a long position in Bitcoin, completely reversing his previous market outlook. The change in his trading strategy was prompted by a decisive technical breakout from a rare chart pattern that pulled the cryptocurrency out of a prolonged downtrend.
Recently, falling prices had dominated the market, and Brandt openly admitted that "there was a reason to have expected a downside move in Bitcoin."
Because of the prolonged formation of the right shoulder, the trader believed that the chart pattern "has a 60/40 chance to be resolved to the downside," especially considering that the broader "trend was down."
As a result, on the daily chart of CME Bitcoin futures (BTC-056 contract), the price broke above the key neckline of the inverted head-and-shoulders reversal pattern. The completion of this pattern, which has been rare in the current market cycle, triggered a strong price acceleration.
During today's trading session, the futures contract reached approximately $72,335, posting a net daily gain of $2,585.
Protest takes place outside Ripple co-founder's homeA group of protesters gathered outside Ripple co-founder Chris Larsen's San Francisco home on Friday as part of a nationwide campaign against automated license plate readers.
A group of protesters recently gathered outside the San Francisco home of Ripple co-founder Chris Larsen, according to a local media report. This was part of a nationwide campaign against automated license plate readers and the use of surveillance technology by law enforcement.
The demonstration, held Friday, was organized by members of the Sunrise Movement, a youth climate group. Protesters criticized Larsen over his financial support for San Francisco's expansion of police surveillance infrastructure.
Demonstrators handed out brightly colored flyers warning residents about Flock cameras and displayed a mock surveillance camera with a message directed at Larsen: "Does this make you feel safer, Chris?"
Luc Bouchard, an organizer with Sunrise Movement Bay Area, said activists believe automated license plate readers have not been shown to significantly reduce crime. He argued that San Francisco would get better public-safety results by investing in housing instead of expanding surveillance.
BlackRock records $1 billion Ethereum inflowBlackRock’s ETHA has recorded more than $1 billion in net inflows over nine straight trading sessions, leading U.S. spot Ethereum ETFs.
BlackRock’s iShares Ethereum Trust ETF (ETHA) has attracted approximately $1.02 billion in net inflows over nine consecutive U.S. trading sessions between August 17 and August 27, according to SoSoValue data.
The fund recorded positive flows on every trading day during the period, avoiding the outflows that have periodically affected other products in the U.S. spot Ethereum ETF market.
Arkham Intelligence highlighted the streak after ETHA accumulated $889.8 million during its first eight sessions. That figure matched data compiled by Farside, providing another indication of the scale of demand flowing into BlackRock’s Ethereum product.
ETHA accounted for approximately 72% of total net inflows into U.S. spot Ethereum ETFs during the nine-session period. Across the broader group of funds, investors added roughly $1.42 billion.
The buying continued on August 28, when U.S. spot Ethereum ETFs collectively recorded another $102.1 million in net inflows. ETHA again led the group, attracting approximately $83.8 million.
SHIB's Japanese status gets boost with Nomura-backed exchange listingThe recent development could further boost Shiba Inu's visibility in Japan.
In a recent post, Shiba Inu community member Kuro highlights a development in Japan that could boost Shiba Inu's status in the country.
According to Kuro, a new registration of a Japanese crypto asset exchange operator has occurred for the first time in four years.
Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced Friday that it has completed its registration and is now authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act.
Laser Digital's registration marks the newest entry into Japan's crypto asset industry since 2022, following a four-year hiatus in new approvals. Within these four years, Japan has introduced major regulatory reforms, including around stablecoins, and institutional investors have increasingly come to view digital assets as an important diversification tool.
