Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are extending their rallies as bullish momentum strengthens and continue to cheer the US Treasury’s decision to double its debt buyback operations. BTC has climbed nearly 20%, ETH over 25% and XRP nearly 30% so far this week. With momentum indicators and key technical levels pointing to further upside, the focus now shifts to whether BTC can reach $80,000, ETH can reclaim $2,500, and XRP can advance toward $1.50.
Bitcoin price trades at $74,700 on Friday, extending its breakout above the major Exponential Moving Averages (EMAs) and keeping a clear bullish near-term bias. The 50-day, 100-day and 200-day EMAs at $65,286, $66,727 and $71,545 sit well below price, suggesting a firmly supported uptrend after the strong surge in volume accompanying the latest leg higher.
Momentum is stretched, with the Relative Strength Index (RSI) hovering in overbought territory near 83. At the same time, the Moving Average Convergence Divergence (MACD) remains strongly positive, suggesting bullish pressure persists but is increasingly vulnerable to corrective pauses.
On the topside, immediate resistance is located at the horizontal barrier near $80,000, where fresh supply could slow the rally and trigger consolidation.
On the downside, initial support is seen at the 200-day EMA around $71,545, while deeper pullbacks would likely find buyers near the 100-day EMA at $66,737 and the nearby horizontal level at $66,500; below that, the 50-day EMA at $65,286 and the structural floor at $62,300 emerge as secondary layers that would need to hold to preserve the broader bullish structure.
BTC/USDT daily chartEthereum bulls in control of momentumEthereum price trades at $2,354 on Friday, extending its advance well above the key EMAs, which reinforces a bullish near-term bias. The 50-day EMA, 100-day EMA and 200-day EMA clustered between roughly $1,920 and $2,130 sit comfortably below the market, highlighting a constructive trend structure, while price now approaches the horizontal barrier at $2,500.
Momentum is stretched, with the RSI around 85 in overbought territory and the MACD holding firmly in positive ground, suggesting strong but potentially overextended upside pressure.
On the topside, initial resistance is located at the psychological $2,500 level, followed by a higher horizontal cap at $3,000, where buying interest could start to fade.
On the downside, immediate demand is at the recent price area, with stronger support at the 200-day EMA at $2,128 ahead of the $2,000 level. At the same time, deeper corrective moves would target the 100-day EMA near $1,941 and the 50-day EMA around $1,920.
ETH/USDT daily chartXRP surges nearly 30%XRP price trades at $1.284 on Friday, up nearly 30% so far this week. XRP is retaining a constructive near-term tone as it holds above the 50-day and 100-day EMAs at $1.091 and $1.159, respectively, while still capped beneath the 200-day EMA at $1.344.
The RSI at 78 signals overbought conditions, and the MACD is in positive territory with a strong bullish profile, suggesting robust upside momentum but vulnerability to a corrective pullback if buyers lose conviction near overhead levels.
On the topside, immediate resistance sits at the horizontal barrier around $1.300, ahead of the 200-day EMA at $1.344, with a higher resistance zone near $1.900.
On the downside, initial support is located at the 100-day EMA at $1.159, followed by the 50-day EMA at $1.091, while a more distant structural floor sits at the horizontal support region near $1.000.
XRP/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
XRP (CRYPTO: XRP) has spiked from $1 to a high of $1.32 on Thursday, propelled by rising XRP Ledger transaction activity and aggressive whale accumulation following Bitcoin‘s (CRYPTO: BTC) rally to $72,000.
XRP Rallies but What’s Next for XRP ETFs?One pseudonymous market commentator noted that the surge is XRP’s biggest 48-hour gain since March 2025, making the altcoin the top gainer on the crypto table over the past 24 hours.
However, U.S. spot XRP exchange-traded products absorbed just 14.8% of the increase in circulating XRP supply during the first half of 2026. They were net sellers during two of the six months.
May offered a more encouraging signal, with ETP demand absorbing more than half of newly circulating supply, 21Shares noted in its H1 2026 Earnings report.
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At the current annualized pace of roughly $588 million, TP demand covers only about one-seventh of annual net XRP supply.
The report pointed out that XRP is at a "genuine transition point" and the curiosity remains if the assembled infrastructure will generate the collateral demand and DeFi activity needed to close the gap between falling fee revenue and stable user activity.
Metrics Flash Conflicting SignalsXRP Ledger settled $159.9 billion in transaction volume during the first half of 2026, but revenue dropped 81.6% year-over-year to $1.18 million from $6.43 million.
Much of the decline came from areas outside ordinary transfers. Only about 10.6% of the ledger’s reported H1 revenue benefited XRP holders through token burns.
While revenue contracted, the XRP Ledger’s stablecoin base expanded 1,131% year-over-year.
Ripple’s RLUSD stablecoin reached $1.56 billion in total supply as of June 30, with 52% residing on XRPL, compared with roughly 10% a year earlier.
That expansion could provide liquidity infrastructure for two areas central to XRPL’s institutional ambitions, decentralized finance and tokenized real-world assets.
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XRP Price Prediction: Can Ripple Extend Its Biggest Rally Since 2020? Altcoin News presales
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XRP price trades at $1.18 as of this writing, up 18% on the day in a follow-through move that’s keeping the “biggest rally prediction since 2020” narrative alive. But there’s a catch most headlines are skipping over, and it involves where the smart money actually went.
The token jumped 10% on August 19, beating Bitcoin’s 7% gain and finishing third among the eight largest coins during a record-wide short squeeze. Based on XRP’s 180-day correlation with Bitcoin, the move should have produced 6.57% upside, but it delivered 3.83 points more than that. It is a real outperformance, not just a beta ride.
However, spot ETF flows tell a different story: Bitcoin funds pulled in $517 million that day, nearly triple the prior pace, while XRP’s institutional pipes stayed comparatively quiet.
This gap in retail momentum without matching institutional confirmation sets up the next question. Can the chart hold what the squeeze built?
Discover: The Best Token Presales
XRP Price Prediction: Hit $1.30 This Week?At $1.18 and rising nearly 20% in 24 hours, XRP sits just above the $1.10–$1.12 resistance band that’s capped multiple rallies since early August, per recent technical coverage. Volume above $3–4 billion daily suggests the move has real participation behind it, not thin-book noise.
The 200-day moving average near $1.28 is the next real test, and clearing it decisively would open room toward the $1.29–$1.45 zone analysts have flagged as the next demand shelf.
In a good scenario, a confirmed break above $1.20 extends the squeeze toward $1.30–$1.45. A consolidation between $1.00 and $1.20 continues while ETF flows catch up.
However, a rejection at resistance sends price back toward the $1.00 floor that’s held all year, and a break below that invalidates the entire rally thesis. This is worth watching before chasing this candle.
Trade XRP Market on Kalshi and Get a $25 Signing-up Bonus
Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key LevelsXRP bulls have earned some validation here; an 18% daily pop and a rare win against Bitcoin is nothing to dismiss. But at a $68 billion-plus market cap, XRP’s percentage upside from here is mathematically constrained even in a strong breakout scenario.
That’s the trade-off of buying an asset this size: the squeeze gets headlines, the multiples don’t move like they used to. Capital chasing outsized returns is increasingly rotating toward earlier-stage infrastructure plays instead, and Bitcoin Hyper ($HYPER) is drawing that attention as the first Bitcoin Layer 2 with native SVM integration.
The presale has raised $33 million at a current token price of $0.0136849, with staking rewards available at launch with a huge 35% APY reward. The pitch: Solana-speed execution secured by Bitcoin’s base layer, via a decentralized canonical bridge, is solving the slow, expensive, non-programmable problems that have limited BTC’s utility for years.
Research Bitcoin Hyper before deciding whether that risk fits the portfolio.
Discover: The Best Crypto to Diversify Your Portfolio
Clearpool has announced a partnership with Ripple and Cicada Credit to develop an institutional lending platform on the XRP Ledger. This collaboration aims to enhance the utility of the XRP Ledger by integrating Clearpool’s decentralized lending protocol with Ripple’s blockchain technology. Cicada Credit, known for its focus on credit solutions, joins the effort to create a comprehensive lending environment for institutional clients. While Clearpool’s existing lending products are already in use, the new platform will leverage proposed amendments to the XRP Ledger that are still awaiting validator approval.
Key Takeaways The partnership between Clearpool, Ripple, and Cicada Credit suggests a significant development in institutional lending on the XRP Ledger. Market pricing appears supportive of scenarios where this collaboration enhances XRP’s utility, potentially influencing XRP price expectations. Despite positive developments, the lending protocol on the XRP Ledger remains in the proposal stage, indicating ongoing regulatory and technical hurdles. What to Watch Market participants will be monitoring the approval process for Ripple’s lending amendments XLS-65 and XLS-66, which are crucial for the platform’s full activation. Any regulatory breakthroughs or major institutional partnerships announced by Ripple could further impact XRP price expectations. Observers will also watch for broader crypto market trends that could influence XRP’s performance and its likelihood of reaching $3.00 in August 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.2% — — View market → September 1 2026 18.2% — — View market → September 1 2026 0.5% — — View market → September 1 2026 1.1% — — View market → September 1 2026 99.9% — — View market → September 1 2026 0.8% — — View market → September 1 2026 0.1% — — View market →
Three Firms Unite to Build Institutional Credit on XRPL@Ripple, @ClearpoolFin, and @CicadaCredit have teamed up to launch an institutional lending framework on the $XRP Ledger, marking one of the most concrete deployments of the network's new native credit infrastructure to date.
The partnership uses two protocol-level specifications that Ripple has been developing for the XRP Ledger.
The central credit currency in this arrangement is $RLUSD, Ripple's stablecoin regulated by the New York Department of Financial Services (NYDFS).
Real Working Capital Over Circular DeFi YieldsThe model is deliberately structured around how regulated institutions already operate, rather than mimicking permissionless DeFi protocols.
That stands in contrast to automated liquidation logic found in permissionless protocols.
The Ripple-led framework addresses this by fixing lending mechanics at the network's base layer.
The practical aim is to direct capital toward real working capital needs for fintech companies globally, rather than recycling yields within closed DeFi loops.
Sources:
Ripple Insights: The XRPL Lending Protocol
CoinDesk: Ripple Wants Institutions to Borrow Against Tokenized Assets on XRPL
Crypto.news: XRP Ledger Lending Amendments Gain Ripple's Backing
Ripple, Clearpool and Cicada Partners are working to bring institutional credit onto the XRP Ledger, combining RLUSD-based lending with credit underwriting and blockchain infrastructure built for regulated financial firms.
Clearpool Builds Institutional Credit Infrastructure on XRPL Clearpool will build the lending infrastructure using its Lending Protocol and Single Asset Vault architecture. The platform has processed more than $930 million in institutional loans since 2021. Its structure allows independent credit managers to create separate lending markets while setting their own risk terms.
Cicada Partners will manage the credit side of the platform, including loan origination and servicing. The firm brings more than $860 million in credit underwriting experience. Cicada will also assess borrowers, establish loan terms and monitor credit conditions after loans are issued.
The partners are targeting real-world lending at a time when much of decentralized finance remains tied to crypto trading. They estimate about 98% of DeFi yield comes from activities such as arbitrage, basis trades, looping, points and liquidity mining.
Ripple Brings RLUSD and Capital to Lending Model Ripple will participate as a limited partner alongside other institutional investors, without serving as a special backstop. Capital from the fund will target fintech companies, payment providers and crypto businesses that use stablecoins to meet working capital needs.
RLUSD, Ripple’s dollar-backed stablecoin, will serve as the underlying credit asset. Meanwhile, XRP Ledger features such as Permissioned Domains, Credentials and Clawback can provide controls over participant eligibility and asset management.
Ripple has also expanded its institutional finance operations elsewhere. Ripple Prime recently closed an upsized $275 million private placement of senior unsecured notes to support its U.S. business. The capital will support operations across clearing, financing and prime brokerage services.
XRPL Amendments Remain Subject to Validator Approval Clearpool is developing and testing the lending integration on XRPL Devnet. A technical demonstration is planned to cover the full lending process, including pool creation, borrowing and repayment.
However, the Lending Protocol and Single Asset Vault amendments still require community approval before activation. XRPL amendments generally need support from at least 80% of trusted validators for two consecutive weeks before they can take effect.
Separately, Ripple has backed the fixCleanup3.3.0 amendment ahead of the planned xrpld 3.3.0 software release. Early voting data showed eight of 35 Unique Node List validators supporting the proposal, below the required 28 votes.
XRP traded around $1.16 after gaining 15.04% over 24 hours, while trading volume rose 392.81% to $4.22 billion.
For institutions looking to reconcile privacy with strict regulatory oversight, the adoption of institutional ZK applications represents another key milestone in securing compliant DeFi workflows.
Ripple has partnered with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, using native blockchain infrastructure rather than third-party smart contracts to connect real-world borrowers with onchain capital.
Three Firms, Three RolesThe structure splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on the XRP Ledger’s native Lending Protocol and Single Asset Vault features. The company states it has facilitated more than $930 million in institutional loans since 2021, though this figure comes from Clearpool itself and has not been independently verified.
Cicada Partners is handling credit origination and servicing, acting as both fund manager and underwriter. The firm says it has underwritten more than $860 million to date, a figure also sourced from the company’s own disclosure. Cicada’s role includes sourcing borrowers, setting loan terms, and monitoring their financial health.
Ripple is participating as a limited partner in the credit fund, investing capital on equal terms with other institutional co-investors rather than acting as a guarantor or backstop.
How the Lending WorksLoans are denominated in RLUSD, Ripple’s stablecoin, which is regulated by the New York State Department of Financial Services and custodied by BNY. Borrowers are described as fintech and payment companies using the funds for working capital needs. XRP is used to settle the underlying lending transactions, including fees and reserves.
The companies frame this as a departure from typical decentralized finance yield sources, which they say are often generated through internal trading mechanics rather than external lending activity. That framing reflects the companies’ own characterization of the market and has not been independently assessed.
Still in DevelopmentThe Lending Protocol and Single Asset Vault features are currently going through XRPL’s community governance process and have not yet launched on the network’s mainnet. Clearpool says it is testing the integration on a developer network, with a technical demonstration expected to follow.
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Ripple's entry into the global private credit market, valued at more than $10 billion, will begin with a major upgrade to XRP Ledger (XRPL). RippleX developers have announced the addition of an institutional lending feature in partnership with Clearpool Finance and Cicada Partners.
While 98% of yield in the DeFi industry is generated through the speculative circulation of loans within the crypto market itself, this initiative offers lending to real-world businesses — fintech and payment companies that need working capital.
Through this solution, the partners plan to attract a portion of the capital from the tokenized private credit sector to the network.
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For XRP holders, the value of the upgrade lies in the growth of network activity and token utility. Borrowers will take out loans in the new regulated stablecoin RLUSD, protected by NYDFS oversight and custody at the Bank of New York.
Mechanics of the RLUSD Flywheel on XRP Ledger. Source: RippleX, Cicada, and Clearpool via X.comAt the same time, all operations within the lending system — including the creation of pools, loan issuance, and repayments — will technically take place on XRPL. This means that every transaction requires the use of the native XRP token to pay network fees and maintain mandatory wallet reserves, directly expanding the coin's practical use within the ecosystem.
From a security perspective, the developers have rejected the use of vulnerable third-party smart contracts. The lending logic will be integrated directly into the blockchain's base protocol through the native XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) amendments.
Protection through code: How investors will be protected and when the network will launchRipple itself participates in the lending fund as a regular investor, with the same rights and risks as third-party institutions on a "pari passu" basis, rather than acting as a financial guarantor. To protect institutional capital, the code includes compliance tools such as digital participant identities and the Clawback function for the forced return of funds.
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Clearpool is currently testing end-to-end user scenarios on Devnet. The platform's final deployment on Mainnet depends entirely on the outcome of decentralized voting: independent XRPL validators must approve and activate the XLS-65 and XLS-66 amendments.
Ripple is preparing to introduce institutional lending to the XRP Ledger (XRPL), targeting the $10 billion tokenized private credit market through a collaboration with Clearpool Finance and Cicada Partners. The new system aims to provide real-world businesses direct access to working capital in regulated lending markets.
Native infrastructure for lending on XRPLThe initiative distinguishes itself from traditional DeFi platforms, which mainly circulate funds within crypto markets, by specifically addressing the needs of fintech and payments companies. Businesses will be able to borrow RLUSD, Ripple’s regulated stablecoin, while all lending transactions will be processed directly on the XRPL blockchain.
RippleX, the technology arm of Ripple, is leading the development of the lending feature, utilizing the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. This technical framework embeds the lending functions within XRPL’s core protocol, eliminating dependence on third-party smart contracts.
All loan operations, including pool management, issuance, repayments, and compliance, will be executed natively on XRPL. Notably, every transaction on the network will require XRP for fees and wallet reserves, an architectural choice that could expand the token’s operational utility as the lending ecosystem grows.
Lending pools, issuance, and repayments are integrated into XRPL, with each process requiring XRP for network fees and reserves. This ensures a direct role for the token as lending activity increases.
RLUSD stablecoin anchors institutional lendingThe integrated lending system will leverage RLUSD, a stablecoin issued by Ripple under the oversight of the New York Department of Financial Services. Bank of New York will provide custody services, and borrowers will use RLUSD as working capital within the regulated institutional market.
Ripple intends to co-invest in the lending fund under the same terms as other institutions, meaning the company will neither guarantee returns nor provide special treatment. All parties will hold equal rights and face the same risks.
Amid these technical developments, financial markets continue to experience a shift from established brokerage channels to decentralized platforms. Wall Street is adopting Web3 by enabling investors to access shares of major U.S. companies, gold, and silver directly from their crypto wallets. Platforms such as 1stepSwap accomplish this by tokenizing real-world assets and using algorithms that identify the best available prices within seconds, effectively removing all intermediaries.
Mainnet launch awaits community voteTo address compliance requirements, developers have incorporated digital identity verification and a Clawback mechanism, allowing the return of funds under predetermined conditions. These additions cater specifically to institutional participants seeking increased security and regulatory alignment.
Clearpool is currently testing the lending application on the XRPL Devnet, simulating end-to-end lending processes. The official launch on Mainnet will depend on a network-wide validator vote to activate the XLS-65 and XLS-66 protocol amendments. Approval is required from independent validators through the amendment process before the lending features can go live.
Institutional compliance tools, such as digital participant identification and the Clawback feature, are integrated to meet regulatory standards during the lending process.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
20 August 2026 | 19:15 XRP gained roughly 16% over 24 hours and 24% on the week, ripping the token out of the $1 basement and slamming it directly into its first major technical wall. Trading around $1.25 after peaking at $1.26 during the session, the asset has punched back above a crucial floor, but the hard work starts right here.
Key Takeaways The next overhead hurdle stretches from the 0.5 Fib at $1.267 to the 200-day SMA at $1.276. CoinGlass metrics reveal that aggressive futures buying outpaced spot demand during the rally, placing a premium on defending $1.201 on any daily close. U.S. spot XRP ETFs logged $2.35 million in net inflows during the prior trading session. XRP daily price chart illustrating an explosive breakout and surge past key moving averages and Fibonacci levels on August 20, 2026. $1.2 is the close that could change the chart Drawn from XRP’s $0.98 swing low to its $1.54 high, these Fibonacci levels carve the recent pullback into actionable zones. They aren’t crystal balls; their utility lies in marking the exact boundaries where a relief rally either builds a foundation or rolls over.
Snapping back above the 0.382 retracement at $1.2 is a win, but a daily close above that marker matters far more than an intraday flash through it. If buyers can cement a close over $1.2, that line transforms from a former ceiling into a possible safety net during pullbacks.
Slip back below it, and the breakout loses its teeth. XRP drifts back into the lower half of the range, looking less like a confirmed trend reversal and more like a violent dead-cat bounce off parity.
The next barrier is a zone, not one price $1.267 and $1.276 form the immediate blockade The 0.5 Fibonacci retracement rests at $1.267, sitting right on top of the 200-day SMA at $1.276. That heavy convergence gives the $1.27 neighborhood immense technical gravity.
The 200-day SMA averages out the past 200 daily closes, serving as the ultimate litmus test for the macro trend. A recovery that stalls out underneath it hasn’t actually fixed the broader downtrend. XRP doesn’t need to obliterate this hurdle in a single green candle, but bulls must prove sellers can’t continuously hammer the price back down.
Above it, $1.33 waits in the wings Clear the $1.267-$1.276 barrier on a daily close, and the 0.618 Fibonacci level at $1.33 comes into view. That’s simply the next logical destination on the map, it only matters if buyers first secure acceptance above the 0.5 Fib.
Looking downward, the first line of defense is $1.2. Lose that, and the chart pivots to the 100-day SMA at $1.15, followed by the 0.236 retracement at $1.118. Deeper down, the 50-day SMA sits at $1.07, with August’s low near $0.98 acting as the ultimate line in the sand for the recovery.
Futures drove the bus, but spot needs to take the wheel Peering under the hood of the order flow explains why traders are exercising caution near resistance. CoinGlass figures logged $20.30 million in positive XRP futures net flow over 24 hours, while spot markets ran a net negative of $2.56 million. During the peak 12-hour acceleration window, derivatives trading went into hyperdrive with $58.69 million in net inflows, compared to a modest $10.11 million positive spot reading.
That divergence matters. This wasn’t a slow, organic accumulation by cash buyers; it was a high-octane derivative push. While aggressive leverage can trigger powerful short squeezes, it also leaves the market vulnerable if leveraged longs capitulate right at major resistance.
CoinGlass tracks trade direction via market orders snapping up asks or hits on bids, it doesn’t differentiate between fresh longs or short covers. Even so, the message is clear: the urgency came from the futures pit.
The silver lining was the positive spot activity during the strongest 12-hour stretch. For this recovery to shake off its leverage-heavy reputation, spot buyers need to show up in force while XRP tests the $1.27 region.
ETF flows add a quieter source of demand U.S. spot XRP ETFs chipped in $2.35 million in net inflows during the August 19 session, according to SoSoValue data. Bitwise led the pack with $1.19 million, followed by Franklin at $1.16 million.
While small change compared to derivatives volume, the distinction is vital. ETF purchases represent organic cash allocations via regulated wrappers. You can’t mash ETF tallies directly into CoinGlass order books, but consistent institutional inflows give the token structural ballast that pure derivatives hype simply can’t match.
What bulls must defend, and what sellers want to reclaim Bulls need a daily close above $1.2: Holding the 0.382 Fib keeps the rebound structurally intact. Bulls need acceptance above $1.27: A fleeting wick past the 0.5 Fib or 200-day SMA doesn’t cut it, the market needs a confirmed close followed by a successful retest. Sellers need XRP back below $1.201: Dragging the price under that floor drags $1.15 and $1.11 back into play. Spot demand is the ultimate litmus test: Leverage can punch through resistance, but spot accumulation is what makes prices stick. XRP’s bounce off the $1 floor is impressive, but the easy part is over. Now comes the real test: turning raw momentum into structural acceptance, starting with a daily close over $1.201 and a clean break of the $1.27 resistance cluster.
The article is provided for informational purposes only and does not constitute investment advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
XRP experienced a notable rally on Thursday, jumping over 25% to reach $1.245, in a move that mirrors Bitcoin’s breakout past $72,000. The sharp price increase followed several weeks of growing accumulation by large XRP holders, commonly known as whales.
Whale accumulation intensifiesOnchain data from CryptoQuant confirmed that average spot order sizes for XRP have remained in the highest range throughout 2026, reflecting steady accumulation by big players. Crypto analyst Ali noted that, within a 96-hour period, whales acquired 300 million XRP tokens, characterizing the buying activity as “crazy.”
Santiment, an onchain analytics platform, observed a rise in millionaire wallets holding XRP. Over the last three months, the number of wallets holding at least $1 million in XRP increased by 32, underscoring renewed confidence among large holders.
Recent activity demonstrates that whales purchased 300 million XRP tokens within just four days, while millionaire-level XRP wallets have increased by 32 in three months, highlighting sustained interest from major investors.
This sustained whale activity coincided with increased trading momentum. From Wednesday’s low of $0.99, XRP’s price rallied to a peak of $1.245, marking a significant intraday gain. At the time of reporting, XRP had recorded a 22% daily increase to stand at $1.23, fostering optimism in the community.
MetricValueChangePrice (intraday high)$1.245+25%Current price$1.23+22% (24h)XRP open interest (Binance)$461.3 million2-month highMillionaire wallets+32 walletsPast 3 monthsSpike in activity and open interestCryptoQuant also reported that XRP open interest on Binance soared to roughly $461.3 million this week, marking a two-month high and a clear uptick in derivatives trading activity. Increased open interest often signals heightened engagement from both institutional and high-volume retail traders in the derivatives market.
Santiment pointed out that last weekend brought the highest level of XRP network activity seen in more than two months. This surge follows a recent period when network activity neared its lowest point for 2026.
Across both spot and derivatives markets, XRP has seen a strong resurgence in volume and investor participation, with metrics returning to levels not observed since earlier in the year.
Institutional-grade credit debuts on XRPLMomentum for XRP was further boosted by the introduction of institutional-grade credit to the XRP Ledger (XRPL). Cicada Partners announced the launch of a new credit initiative, leveraging infrastructure provided by Clearpool. This new pipeline is built on the XRPL Lending Protocol and the Single Asset Vault product.
Ripple, the global payments company behind the XRP Ledger, acts as a Liquidity Provider within this new credit fund, supplying capital along with other major institutional investors. The addition of these players aims to bring traditional credit opportunities and borrower pipelines directly to the XRPL ecosystem.
Mini dictionary: Cicada Partners – A financial technology firm specializing in digital credit and lending solutions for institutional markets. Clearpool – A decentralized credit marketplace that enables institutional borrowing and lending using blockchain protocols.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has minted another batch of RLUSD as XRP stages a sharp rally, with the token gaining nearly 19% over the past 24 hours and briefly climbing to $1.24.
The latest RLUSD activity comes as Ripple’s stablecoin sees a flurry of new issuance and redemptions.
Ripple mints more RLUSDRipple minted 900,000 RLUSD in a transaction recorded on the XRP Ledger on Aug. 20, according to the transaction data shown by XRPScan.
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The latest issuance followed several larger RLUSD transactions tracked by the Ripple Stablecoin Tracker.
The tracker reported 20 million RLUSD minted at the treasury three hours earlier, while two additional 10 million RLUSD mints were recorded about 11 hours earlier.
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Another 12 million RLUSD was minted roughly 19 hours ago, followed by a 32 million RLUSD issuance about 23 hours ago.
At the same time, RLUSD has also seen substantial burns. The tracker reported 15.4 million RLUSD burned at the treasury about an hour ago, following a 20 million RLUSD burn on Ethereum roughly three hours earlier.
Taken together, the reported activity points to significant turnover in RLUSD supply rather than a simple one-way expansion.
The latest minting and burning transactions show Ripple continuing to actively manage the stablecoin's supply.
XRP price spikes nearly 19%XRP has delivered an even more dramatic move over the same period. The token was trading at around $1.22 at the time of writing, up 18.8% over 24 hours, according to the supplied market data.
XRP climbed from a 24-hour low of about $1.03 to as high as $1.24, marking a move of roughly 20% from the session's bottom. The token was also up 21.2% over seven days, while its 30-day gain stood at 16.5%.
Crypto analyst Xaif recently published a video of Ripple CEO Brad Garlinghouse addressing a live audience at the 2026 Wyoming Blockchain Symposium, a key industry event jointly hosted in Jackson Hole by SALT and the cryptocurrency exchange Kraken. In the clip, Garlinghouse responded to a question about the company’s position on going public, noting a change in attitude that has drawn attention from the XRP investor community.
Ripple’s evolving IPO strategyDuring the session, Garlinghouse acknowledged that Ripple has long operated as a private company. He pointed out that, in the previous year, Ripple had completed $2.5 billion worth of acquisitions without relying on public financing. Additionally, over the past two years, Ripple conducted $3 billion in shareholder tender offers, providing liquidity to early backers.
Garlinghouse’s remarks suggested a shift from Ripple’s historic reluctance toward an IPO. “We have been very happily private for a long time,” he stated, but went on to clarify, “We’re more neutral on the topic than maybe we used to be.” This measured openness suggests that Ripple is no longer categorically opposed to becoming a public company.
Garlinghouse explained that while Ripple remains private, the company’s attitude toward a potential IPO has changed, noting, “We’re more neutral on the topic than maybe we used to be.”
This evolving stance did not go unnoticed by market observers such as Xaif, who highlighted that Ripple’s tone had moved from resistant to neutral, especially following recent acquisitions and major shareholder liquidity events.
Consolidation and growth strategyGarlinghouse emphasized the increasing consolidation across the cryptocurrency industry, as larger firms acquire smaller competitors during cyclical downturns. Drawing from his experience across five separate crypto market cycles, he said that Ripple’s ongoing acquisition activity positions it as a consolidator, strengthening its market presence.
Going public could offer strategic advantages for Ripple, including greater access to capital markets, a higher public profile, and expanded options for future deal-making. The significant financial groundwork laid through multi-billion-dollar acquisitions and tender offers has built a strong foundation for any potential public transition.
Mini dictionary: Shareholder tender offer, a process in which a company offers to buy back shares from existing investors, often to provide liquidity or alter ownership structure.
Potential impact for XRPFor the XRP community, a Ripple IPO would represent a major development. As XRP is used within Ripple’s payment infrastructure, broader transparency and increased institutional participation following a public offering could benefit token holders. Greater visibility and regulatory compliance bolstered by a listing may also strengthen Ripple’s case in financial markets.
The prospect of Ripple accessing public markets could lead to higher institutional access for XRP and augment Ripple’s visibility in the regulated finance sector.
Current position and future outlookRipple’s openness to a potential IPO arrives shortly after the company resolved its long-running legal dispute with the U.S. Securities and Exchange Commission. The firm has continued to expand through strategic acquisitions, further consolidating its position in the digital assets sector.
Garlinghouse’s latest comments do not confirm immediate plans for an IPO, but indicate Ripple’s leadership is reassessing previous resistance to going public. This shift draws considerable interest from both institutional investors and retail participants in the broader cryptocurrency market.
Ripple is a leading blockchain payments firm best known for developing cross-border settlement solutions using its digital asset, XRP.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple initiated a series of significant RLUSD stablecoin transactions as XRP staged a sharp market rally. Over the past 24 hours, XRP climbed nearly 19%, reaching an intraday peak of $1.24 before settling around $1.22.
XRP surges as RLUSD activity intensifiesRipple minted a fresh batch of 900,000 RLUSD on the XRP Ledger on August 20, according to on-chain data compiled by XRPScan. This latest issuance followed a sequence of larger mints reported by the Ripple Stablecoin Tracker throughout the same day.
Notably, the tracker showed a 20 million RLUSD mint at Ripple’s treasury three hours before the most recent event. Earlier in the day, two further transactions added another 10 million RLUSD each to the supply, occurring approximately 11 hours prior.
Additional RLUSD activity included a 12 million mint recorded 19 hours ago, along with a sizable 32 million RLUSD issuance about 23 hours ago. These transactions added up to a considerable expansion in stablecoin supply in a short time frame.
Significant burns follow high-volume mintsAmid the inflow, Ripple also executed substantial RLUSD burns. The Stablecoin Tracker reported that 15.4 million RLUSD was destroyed at the treasury about an hour prior, while an earlier burn of 20 million RLUSD took place on the Ethereum network approximately three hours before.
Such parallel waves of minting and burning indicate a high velocity of stablecoin turnover rather than sustained net growth. This reflects Ripple’s ongoing strategy of actively calibrating its RLUSD supply in response to market conditions and user demand.
These latest mint and burn actions underscore Ripple’s approach to maintaining RLUSD’s equilibrium by frequently managing both issuance and redemptions across platforms.
XRP extends gains as supply reshufflesMeanwhile, XRP experienced a significant price increase during the same period. The token surged from a 24-hour low of about $1.03 to a high of $1.24, representing a rally of nearly 20% from the session’s lowest point. Over seven days, XRP appreciated by 21.2%, while its 30-day performance climbed 16.5% based on the available market data.
Given the fast-changing nature of the market, efficient monitoring has become critical. In a climate where a single Fed decision or a sudden altcoin listing can dramatically shift prices, investors who rely on multiple separate apps for charting, news feeds, and portfolio data may lose both time and money. Increasingly, savvy traders are choosing privacy-first platforms such as CryptoAppsy, which streamlines real-time tracking, news, and macroeconomic data into a single screen without requiring account registration.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is nearing a critical technical decision point, according to a recent analysis by crypto analyst JD (jaydee_757). His weekly chart places XRP trading just above $1.06, following a prolonged decline from its peak of $3.65 reached in 2025. JD’s chart marks out a falling wedge pattern that has defined XRP’s price movement over the last several years.
The falling wedge holds the keyJD identifies XRP’s structure as a bullish falling wedge, where two descending trendlines converge. The upper line has produced multiple rejections, including the notable rejections at $3.65 in 2025 and around $3, both of which led to subsequent declines. In 2026, this prolonged descent brought XRP close to the lower boundary of the pattern, giving the current area critical technical importance within JD’s setup.
According to JD, $1.01 has emerged as a major support level. He notes that he made additional XRP purchases at this price after realizing profits below $3.37. He also highlights $1.0133 as corresponding to the 0.786 Fibonacci retracement level.
JD maps out the significance of the falling wedge and emphasizes: a confirmed breakout above key resistance levels would represent a substantial technical shift for $XRP; this could mark the beginning of another all time high cycle in 2028 if the historical pattern repeats.
Technically, the next significant resistance area lies between $1.85 and $1.95. JD highlights this range as a green resistance zone on his chart, emphasizing its role as the critical barrier for any potential sustained move upward. Breaching this zone would, in his view, fundamentally change XRP’s chart structure.
Breakout and retest on the horizonJD projects a possible breakout above the wedge, followed by a pullback for retest. In his scenario, XRP could reach $1.30 before briefly retracing toward $0.70. From there, he anticipates a recovery back to the $1.90 region, aligning with the major resistance level that has capped previous rallies.
A decisive move above the descending resistance line would lend greater significance to the falling wedge setup and pave the way for future gains. Subsequently, conquering the $1.85 to $1.95 resistance area would offer further confirmation of a longer-term bullish reversal.
In a market where a single Fed decision or a sudden altcoin listing can shift trends in seconds, traders increasingly seek efficient ways to monitor such crucial chart structures and news events. Many are now using privacy-first tools like CryptoAppsy to streamline their experience, enabling real-time portfolio tracking, news, smart price alerts, and macro data without requiring account setup—all consolidated on one platform.
Potential for new highs by 2028Looking further ahead, JD adapts his strategy based on prior success. He mentions still holding a sizeable long-term position targeting a potential top in 2028, echoing his earlier approach that identified the $3.37 peak for XRP and reportedly earned a 12x return.
JD’s analysis suggests that breaking out of the falling wedge and holding above the $1.01 area, followed by conquering resistance near $1.90, would validate this bullish thesis. He indicates that, if this scenario unfolds, XRP could reach a new all time high in 2028.
The immediate focus for XRP is testing the falling wedge resistance, the $1.01 support, and the critical $1.90 resistance; successful breakouts at these levels would significantly strengthen the technical outlook for the next cycle.
As with all digital asset investments, the analysis serves informational purposes and does not constitute financial advice. Market participants are encouraged to conduct comprehensive research and remain aware of the risks involved in cryptocurrency trading.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP, the native token of the payment-focused Ripple network, has shown renewed bullish momentum after breaking above a long-term downtrend, supported by significant buying activity from large holders known as whales.
Technical Breakout and Whale ActivityThe current price of XRP stands at $1.19, reflecting a gain of 17.72% over the past 24 hours. Daily trading volume has reached $4.88 billion, while the token’s market capitalization has climbed to $74.65 billion.
Crypto analyst Bitcoin Meraklisi observed that XRP has moved above a persistent downward trendline, a shift that could be marking the start of a new recovery phase for the cryptocurrency. According to his analysis, maintaining momentum above this area would likely strengthen the overall bullish outlook for XRP.
Key technical resistance levels are now being monitored: the first sits at $1.29, followed by $1.83 and $2.77. A decisive move above these thresholds may support further gains, while renewed selling in the market could dampen positive sentiment.
XRP has broken a long-standing downtrend, offering buyers a chance to regain control and potentially drive a broader rally if upward momentum continues.
This breakout is being closely watched by traders as a possible signal of ongoing trend reversal. However, observers also caution that failure to sustain these gains may invalidate the bullish scenario.
Whale Accumulation Signals Investor ConfidenceAli Charts, a well-known cryptocurrency analysis platform, reported that major XRP investors have accumulated over 300 million tokens within just four days. Such unusually high buying activity among whales is interpreted by analysts as a sign that large holders are positioning for a potential price rebound.
Market participants believe this level of accumulation could generate increased positive sentiment and reduce the token’s available supply in circulation, further incentivizing price appreciation if buying persists.
Whale accumulation in the cryptocurrency market often reflects the confidence of influential investors, who can significantly impact price direction due to their substantial holdings.
Mini dictionary: Whale – A term in cryptocurrency describing an individual or institution holding large quantities of a particular coin or token, whose transactions can influence market prices.
EventData24h Price Gain17.72%Current Price$1.19Whale Accumulation (4 days)300 million XRPNext Resistance Levels$1.29, $1.83, $2.77Despite robust accumulation, analysts caution that investor sentiment and broader market dynamics remain key factors influencing the ongoing rally. The recent upward move in Bitcoin has also contributed to improving momentum across the crypto sector.
With buyers actively supporting the breakout, XRP’s future trajectory hinges on maintaining control above critical resistance, with $1.29 as the immediate area to watch for bullish validation.
Should XRP hold above this level, the market’s focus is likely to shift toward additional resistance areas at $1.83 and $2.77. However, a surge in selling could offset the bullish pattern and pressure the price lower.
While the current technical setup and whale accumulation encourage optimism, the outlook for XRP depends on ongoing market participation and buyers’ ability to sustain momentum above key levels.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRPL is considering XLS-66, a lending standard for fixed-term loans funded through pooled assets. The proposal would rely on XLS-65 Single Asset Vaults, where depositors receive shares representing their pool ownership. Loan brokers would manage lending pools, set fees, approve loans, and determine first-loss capital requirements. Credit checks and borrower assessment would remain off-chain rather than using automatic collateral liquidations. Brokers could post first-loss capital to reduce depositor losses if borrowers default. The XRP Ledger (XRPL) is reviewing a lending standard that could allow pooled assets to fund fixed-term loans on XRPL. The draft, XLS-66, would use XLS-65 Single Asset Vaults to collect assets from depositors and issue shares that represent their stake in each pool.
A loan broker would create and manage the pool, approve loans, set fees, and define first-loss capital. The structure could support XRP, issuer-backed assets or Multi-Purpose Tokens, while access could remain public or restricted.
XRPL Vaults Would Hold Pooled Lending Assets Under XLS-65, depositors would place one asset into a vault and receive shares based on their contribution. Those shares would show ownership, but they would not guarantee immediate access to cash once the pool funds loans.
Each pool would need withdrawal rules. Terms could explain whether requests enter a queue, whether lending limits apply, and how much liquid capital remains available while loans stay open.
XLS-66 would allow a broker and borrower to create a loan with principal, interest rate, payment schedule, maturity date and grace period. The loan record would track unpaid principal and interest on the ledger.
The system would support late-interest rules, origination fees, and early repayment charges. If a borrower misses payments beyond the grace period, the broker could mark the loan as impaired or defaulted.
Credit Checks Would Remain Off-Chain The proposal focuses on uncollateralized lending and does not add automatic collateral sales or forced liquidations. Brokers would assess borrowers outside XRP Ledger using financial records, legal agreements, guarantees, trading history, or other credit checks.
This approach gives brokers a central role in risk control. Depositors would need information on borrower standards, concentration limits, legal terms and the broker’s lending process before allocating assets to a pool.
XLS-66 would let brokers post first-loss capital to absorb part of a default. The value of that protection would depend on the size of the reserve compared with outstanding loans.
The proposal remains a draft and depends on XLS-65 and XLS-64. Adoption would require approved standards, active brokers, borrowers, and clear pool terms. Evernorth has explored XRP-related DeFi opportunities, but no primary material reviewed identifies an Evernorth-run lending pool.
In brief XRP gained 10.40% on Wednesday alone, its biggest daily jump since February 6, then extended the rally Thursday, up roughly 30% for the week. The move traces back to Bitcoin's break above $72,000, fueled by a record short squeeze and a U.S. Treasury plan to double long-bond buybacks starting September 9. XRP's own ETF inflows fell during the spike even as the token outperformed Bitcoin, and futures open interest has already dropped more than 11% off its rally-day peak. XRP, the cryptocurrency created by the co-founders of Ripple, is trading near $1.29, up a whopping 30% since last weekend's close under $1.
The move represents the coin’s strongest week in months, and one that started from a level it hadn't touched since right before its 2024 election pump. The token bottomed at $0.9862 last week, the same zone it sat in just before November 2024's post-election rally carried it toward an all-time high near $3.65.
Myriad: XRP price next move? Click to make your prediction.Wednesday's session did the heavy lifting. XRP gained 10.40% that day, its sharpest single-day move since February 6, when the token also jumped more than 20%. Thursday brought a second leg higher, pushing the weekly candle toward $1.32, the closest it has been to breaking the average price of the last 200 days since the beginning of the year..
XRP price data. Image: TradingviewThe spark was Bitcoin, as is typically the case with altcoins (everything other than BTC in crypto). Bitcoin punched past $72,000 Thursday, its highest price since a June flash crash, after the U.S. Treasury said it would double long-bond buybacks to at least $4 billion per operation starting September 9. The announcement triggered $3 billion in short liquidations over 24 hours and landed hours before Trump met crypto executives from Coinbase, Ripple, and Robinhood at the White House.
That’s one way to read the bullish move, but it’s worth noting that XRP outran what its usual correlation to Bitcoin would predict. On the daily chart, the Relative Strength Index, or RSI, spiked to 79.2.
RSI measures momentum on a scale from 0 to 100, with low figures indicating the asset is oversold and high numbers signalling overbought. At nearly 80, XRP is deep into overbought territory. The coin’s Average Directional Index, or ADX, score is holding well above 29, indicating an increasing trend strength due to the explosive movement. (ADX measures trend strength, regardless of direction, with anything over 25 signaling a confirmed trend.)
The money backing the rally tells a different story. Daily XRP ETF inflows fell from $5.81 million to $2.35 million the same day the token beat Bitcoin’s gains, while Bitcoin ETFs pulled in $517 million, their biggest single-day haul since May.
XRP ETF data. Image: CoinGlassFutures open interest has already dropped 11.31% from its rally-day reading, and XRP still trades about 17.5% below its 200-day trend.
In a nutshell, that all means this: It’s a big move, yes, which is sure to make XRP holders very happy. But in order to convince the bears, given the long-term trajectory, the asset must continue posting gains—even if at a slower pace—in order to activate signals of a sustained trend reversal.
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XRP, the cryptocurrency developed by San Francisco-based fintech firm Ripple, has climbed above its 50-day simple moving average near $1.07 and is now testing the $1.25 level, according to recent price analysis. This move comes after a period marked by difficulty maintaining the $1.00 mark, followed by a pronounced rebound that has shifted trader and analyst focus toward higher short-term targets.
XRP rallies amid derivatives shakeoutXRP’s recent surge followed its recovery from around $1.00, reaching the $1.15–$1.25 range in a matter of days. This rebound was accelerated by a rapid unwinding of leveraged positions across the cryptocurrency market. Over $1.5 billion in crypto positions were liquidated amid the broader rally, amplifying price movement and restoring short-term momentum for XRP.
Technical analysis highlights XRP’s approach toward a breakout from a broad falling-wedge accumulation pattern. If confirmed, such a breakout would be seen as a signal of a sustained bullish trend reversal, potentially attracting additional interest from both institutional and retail traders.
XRP’s rise above its short-term moving average has brought the $1.25 region into the spotlight, as traders watch for confirmation of a bullish breakout after a period of leveraged liquidations.
The technical setup has become more constructive, but analysts warn that a rally powered by short-covering can be volatile and may fade unless backed by sustained demand.
Short squeeze and whale accumulation provide supportRecent derivatives data show XRP perpetual futures open interest declining while the Net Position Delta improved, a dynamic often associated with short positions being unwound as the market recovers. As open interest falls amid rising prices, this points to an ongoing short squeeze, where sellers are forced to cover positions, further fueling upward momentum.
Complementing this, on-chain analysis from Ali Charts indicated that large holders—known as whales—acquired more than 300 million XRP within a four-day span. Whale wallets now collectively hold about 16.3 billion XRP. Data compiled by blockchain analytics firm Santiment revealed that the number of XRP Ledger wallets with more than 1 million tokens rose to 2,038 on August 12, the highest level seen in several months.
The accumulation of tokens by whales has coincided with XRP’s price recovery, but analysts note that whale activity alone is not always a reliable predictor of sustained market gains.
Mini dictionary: Santiment is a blockchain analytics platform that provides on-chain, social, and development data for cryptocurrencies, enabling investors to track whale activity and wallet distribution trends.
The convergence of short liquidations and large holder accumulation has improved sentiment, although caution remains regarding the sustainability of the rally.
Regulatory updates shape sentimentRegulatory developments have also contributed to XRPs recent gains. On August 19, the US Securities and Exchange Commission (SEC), an independent federal agency tasked with overseeing securities markets, proposed a regulatory framework that would create exemptions for certain crypto token offerings. The new proposal aims to grant qualifying issuers a one-time exemption for token sales of up to $5 million over four years and up to $75 million during a 12-month period, providing a path for fundraising under stricter disclosure requirements.
SEC Chair Paul Atkins emphasized the agency’s goal of offering crypto entrepreneurs clearer pathways to raise capital within the federal securities law framework, without sacrificing key investor protections.
The SEC’s rule, if adopted, could reshape how the industry raises capital. However, the framework remains under a 60-day public comment period and is not yet finalized.
The legislative environment was further influenced by US President Donald Trump’s call for Congress to support the CLARITY Act during a White House meeting attended by cryptocurrency executives, including representatives from Ripple. The CLARITY Act is designed to establish clear definitions for digital assets and clarify the oversight roles of federal regulators, but it has yet to pass the Senate.
Mini dictionary: The CLARITY Act is proposed US legislation aimed at standardizing the legal classification of digital assets and setting the boundaries between the SEC and the Commodity Futures Trading Commission regarding their regulatory authority over cryptocurrencies.
Technical outlook and key price levelsWith XRP now above its 50-day SMA, technical indicators mostly point toward continued positive momentum in the near term. The relative strength index (RSI) was measured at 63.76, supporting the view that sentiment remains constructive but not yet in overbought territory. Most short-term moving averages are showing buy signals, while longer-term averages such as the 100- and 200-period moving averages still indicate resistance, with the 200-period EMA near $1.34 and the 200-period SMA at approximately $1.28.
IndicatorValueSignal50-day SMA$1.07Support200-day SMA$1.28Resistance200-day EMA$1.34ResistanceRSI (14)63.76Upward momentumPivot (support)$1.09Key supportPivot (resistance – R3)$1.41TargetTechnical analysts see the $1.18–$1.25 range as the next critical zone. A sustained move above $1.25 could confirm a larger trend reversal and set the stage for a push toward higher resistance levels. Failing to hold this zone, however, may signal profit-taking or renewed downward pressure, especially since support is found near $1.09, $0.99, and $0.93.
Longer-term analysis by Babenski on TradingView continues to monitor the formation of a falling-wedge pattern extending over 20 months. Confirmation of a breakout and successful retest above the upper boundary are viewed as necessary steps for solidifying the current uptrend.
For the immediate outlook, whether $1.20–$1.25 acts as a new floor or simply a short-term resistance will determine the credibility of further price targets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR XRP price surged about 16% in 24 hours, recovering to around $1.15 after falling near $0.98 last week. XRP broke above a descending trendline that had capped gains since July 2025. The token closed above its daily 50 EMA for the first time in more than three months. Traders are watching whether XRP can hold the 1.10-1.15 zone and extend the recovery toward $1.50. XRP remains down about 15.35% over the past 90 days, keeping the broader recovery under pressure. Bitcoin trading above $72,500 is providing additional support to XRP and the wider crypto market. XRP price climbed about 16% over the past day, reaching around $1.15 after briefly dropping below $1 last week. The rebound pushed the token above a descending trendline that had limited price gains since July 2025.
The move has drawn attention because XRP spent more than a year trading below that resistance line. Traders are now watching whether the latest breakout can hold and support a wider recovery.
XRP Price Breaks Long-Term Resistance Market watcher Bird said XRP had broken above the bear market trendline that had been in place since July 2025. The weekly chart shows the resistance line starting near the 2025 peak and extending through the token’s decline in 2026.
XRP recently fell to about $0.98 before reversing higher. The recovery carried the price above the trendline, placing the $1.10 to $1.15 area at the center of the next market test.
Technical analyst ChartNerd reported that XRP closed a daily candle at $1.10. That marked the token’s first daily close above the 50-day exponential moving average in more than three months.
The 50 EMA had acted as resistance during XRP’s decline. A sustained move above the indicator could keep short-term momentum with buyers, while a drop below it could weaken the breakout setup.
Analysts Track $1.50 and $1 Levels ChartNerd asked whether XRP price could reach $1.50 before revisiting $1.00. The question reflects the sharp shift in price action after the token recovered from last week’s low.
Michael XBT also maintained a bullish view and pointed to a large multi-year pennant on XRP’s chart. He said the structure could support a stronger move if price continues above the recent breakout zone.
XRP remains about 15.35% lower over the past 90 days, despite the latest rally. That keeps the broader trend under review as traders wait for more proof that selling pressure has eased.
Bitcoin’s price move above $72,500 has also supported the wider crypto market. If Bitcoin stays firm, XRP price could benefit from stronger market demand. A failed hold above the broken trendline, however, could bring the $1 level back into focus.
XRP just had the kind of week that makes traders forget about all those months of sideways price action. The token posted its best weekly gain since the post-2024 US presidential election rally, climbing from around $1.00 to above $1.10 as Bitcoin ripped higher on the back of a historic short squeeze.
The squeeze heard round the crypto world On August 19, Bitcoin surged roughly 5% to 8% in a single session, hitting intraday highs between $69,500 and $71,750. That marked its largest daily gain since March.
More than $1 billion in Bitcoin short positions were liquidated within roughly one hour. Across the broader crypto market, total short liquidations reached $2.7 billion.
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For weeks prior, Bitcoin had been grinding sideways in a range near $63,000 to $65,000. That kind of prolonged consolidation tends to breed complacency among short sellers, who stack positions expecting the range to break lower. When it broke higher instead, the forced buying from liquidations created a feedback loop that accelerated the rally.
XRP rides the wave The token had been languishing near or below $1.00 for much of mid-August. By the end of the week, prices had pushed above $1.10, with some sessions seeing XRP touch as high as $1.31 during peak momentum.
That weekly performance, the best since the euphoria that followed the November 2024 election, stands out partly because of how depressed sentiment had been heading into the move. Negative positioning and low trading volumes had eaten into earlier gains.
XRP occasionally responds to its own catalysts, whether that’s regulatory clarity from the SEC or growth in Ripple’s payment corridors. But this particular rally was almost entirely a function of Bitcoin dragging the broader market higher. Analysts flagged it as a textbook example of altcoin beta: when Bitcoin moves sharply, altcoins tend to move even more sharply.
What the liquidation wave signals The fact that over $1 billion in Bitcoin shorts could be wiped out in a single hour suggests that leverage ratios remain elevated despite the lessons of previous blowups.
The derivatives market remains the key variable to watch. Open interest figures, funding rates, and the ratio of long-to-short positioning will determine whether the next big move is another squeeze higher or a reversal that catches the newly minted bulls off guard.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple plans to enter the tokenized private credit market through a new institutional lending system on the XRP Ledger. RippleX is developing the lending feature with Clearpool Finance and Cicada Partners for real-world business borrowers. Loans will use Ripple’s RLUSD stablecoin, while lending transactions will run directly on XRPL. The system will use the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. XRP will remain necessary for transaction fees and wallet reserves, increasing its utility within the lending network. Ripple is preparing to expand XRP Ledger into institutional private credit through a new lending system built with Clearpool Finance and Cicada Partners. The plan aims to connect XRPL with a tokenized private credit market valued at above $10 billion while giving real-world businesses access to working capital across regulated institutional lending markets.
Unlike much of DeFi lending, where funds often circulate inside crypto markets, the proposed system will focus on fintech and payment companies. Borrowers will receive loans in RLUSD, Ripple’s regulated stablecoin, while XRPL will process lending activity on-chain.
Ripple Backs Native Lending Infrastructure RippleX developers plan to build the lending system directly into XRP Ledger through the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. The design removes reliance on third-party smart contracts and places core lending functions inside XRPL’s base protocol.
Loan pools, issuance, repayments, and related activity will all run on XRPL. Each transaction will require XRP for network fees and wallet reserves, giving the token a direct role in the lending process as activity grows.
RLUSD Loans Target Real-World Borrowers The lending system will use RLUSD for loans to businesses seeking working capital. The stablecoin operates under New York Department of Financial Services oversight, while Bank of New York provides custody support.
Ripple will also invest in the lending fund under the same terms as other institutions. The company will not guarantee returns, and all investors will share the same rights and risks on a pari passu basis.
Validator Vote Will Decide Mainnet Launch Developers have added compliance tools designed for institutional use. These include digital participant identities and a Clawback feature that can return funds when required under set rules.
Clearpool is now testing end-to-end lending scenarios on XRPL Devnet. A Mainnet launch will depend on independent validators approving and activating the XLS-65 and XLS-66 amendments through the network’s amendment voting process.
XRP posted its strongest weekly performance in months, surging nearly 30% since last weekend and trading close to $1.29. The jump followed a sharp move upward on Wednesday, when the cryptocurrency gained 10.40% in a single day, its largest daily increase since early February.
Bitcoin rally fuels altcoin surgeThe broader momentum originated from Bitcoin breaking above $72,000 on Thursday, marking its highest price since a June flash crash. The move was linked to a U.S. Treasury announcement that long-bond buybacks would double to at least $4 billion per operation starting September 9. Over $3 billion in short positions were liquidated within 24 hours, adding further fuel to the rally across the cryptocurrency market.
The announcement came just hours before Donald Trump reportedly met with executives from Coinbase, Ripple, and Robinhood at the White House, further energizing crypto investors. Despite these developments, XRP outperformed its historical correlation with Bitcoin and staged a more significant weekly rally than expected for an altcoin.
XRP, created by the co-founders of Ripple, has been a central player in the digital payments space since its launch in 2012. Ripple aims to facilitate fast and cost-effective cross-border transactions for banks and financial institutions.
Mini dictionary: Relative Strength Index (RSI) – A technical indicator that measures momentum on a scale from 0 to 100; values above 70 suggest overbought conditions, while values below 30 indicate an oversold asset.
Technical indicators and ETF inflowsOn Wednesday, XRP’s Relative Strength Index (RSI) spiked to 79.2 on the daily chart, placing the token in highly overbought territory. The Average Directional Index (ADX), another key technical indicator, held above 29, reflecting strong momentum behind the move – ADX readings above 25 typically indicate the presence of a robust trend.
Mini dictionary: Average Directional Index (ADX) – A technical analysis tool used to quantify the strength of a trend, where readings above 25 signal a strong directional movement.
Despite the price rally, daily ETF inflows into XRP fell sharply from $5.81 million to $2.35 million on its strongest day. Meanwhile, Bitcoin ETFs attracted $517 million, marking their highest single-day inflow since May. Futures open interest for XRP dropped more than 11% from its rally peak, suggesting reduced leveraged trading activity.
MetricXRPBitcoinDaily ETF inflows (peak day)$2.35 million$517 millionWeekly price gain30%N/AFutures open interest (change)-11.31%N/ATrend outlook and market positionXRP began the week just below $1, coming off a bottom of $0.9862 — a level last seen before its post-election rally in November 2024, when it neared an all-time high close to $3.65. The recent surge brought the token closer to the average price of its last 200 days, with Thursday’s session approaching $1.32.
Despite the rally, XRP is still trading 17.5% below its 200-day moving average. Some caution remains among investors and analysts, who point to the need for continued price gains to confirm a sustained trend reversal.
XRP surged 10.40% on Wednesday, followed by a second strong leg Thursday, bringing the week’s gain near 30% and putting the token back in line with its long-term average for the first time this year.
While the recent uptrend has provided optimism among supporters, technical signals indicate that further progress is necessary for XRP to convince skeptics of a lasting breakout.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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XRP has emerged as the strongest-performing cryptocurrency among the top 100 assets by market capitalization over the past 24 hours, according to CoinGecko data.
At press time, the token was trading around $1.26 after gaining 24% in 24 hours, putting it ahead of every other top-100 asset listed in the snapshot. XRP has also climbed 31% over the past seven days, extending a move that has accelerated sharply in the latest session.
The rally stands out even among a group of large-cap cryptocurrencies posting double-digit gains. Hyperliquid (HYPE) was the second-best performer on the 24-hour timeframe shown, rising 19.4%, while Ethena (ENA) gained 18.8% and Pump.fun (PUMP) advanced 18.6%. Pepe (PEPE) followed with a 17.6% gain, while Filecoin (FIL), Dogecoin (DOGE) and Cronos (CRO) rose 16.7%, 14.2% and 13.7%, respectively.
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The magnitude of XRP's move is particularly notable given the token's market size (it is the fifth-biggest cryptocurrency). With roughly $79.15 billion, its 24-hour trading volume has reached approximately $6.34 billion.
Massive trading activity South Korean traders appear to be the main force behind the rally based on the volume recorded by Upbit, the country's largest cryptocurrency exchange.
XRP's 24-hour trading volume on Upbit had surpassed $399 million.
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XRP has historically attracted particularly strong retail trading interest in the country.
Meanwhile, Hunter Horsley, CEO of Bitwise, said the company's XRP exchange-traded fund had traded more than $55 million in volume during the session, describing the increase as a "massive spike" in trading activity.
More adoption In the meantime, BitPay announced that XRP is now available through the BitPay Wallet, according to a Thursday announcement. It allows users in the United States and other supported countries to buy, swap, and sell XRP directly from the wallet while retaining control of their private keys.
Crypto is surging while stocks fall. Bitcoin jumped 10.3% to $72,090, Ethereum soared 17.8% to $2,291, and XRP climbed 20.4% to $1.25. Total crypto market cap rose 13%, adding $291 billion, even as the S&P 500 dropped 1.83%, erasing $1.4 trillion. This unusual split comes after the Treasury announced it would double long-term bond buybacks, briefly crashing yields before they partly rebounded. Falling yields make riskier assets like crypto more attractive, fueling the rally even as traditional markets struggled with the same news.
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The crypto market is now on an explosive price run, with Bitcoin, Ethereum, and XRP hitting multi-week highs after several months of disappointing performance.
Notably, the trigger happened yesterday, August 19, as trading activity surged across top exchanges like Binance. In particular, combined spot and perpetual trading volume of BTC, ETH, and XRP reached $46.6 billion, according to CryptoQuant data.
The latest spike marked the highest combined trading volume since June 5, when activity reached roughly $59.4 billion. Yet, the August 19 total remained about 21.5% below that peak as Bitcoin broke higher and regained momentum.
Perpetual Markets Drive Trading Surge Perpetual contracts accounted for most of the activity, generating about $42.7 billion, or 91.7% of the combined volume.
Bitcoin perpetual volume led the market at approximately $22 billion, followed by Ethereum at $20 billion. XRP perpetual volume reached roughly $718 million.
Spot markets added another $3.85 billion. This included about $1.96 billion in BTC volume, $1.69 billion in ETH volume, and $198 million in XRP volume.
Essentially, perpetual trading activity was roughly 11 times larger than spot volume, highlighting the dominant role of derivatives in the latest market move.
Chart for Bitcoin, XRP, Ethereum Spot and Perpetual Volume | CryptoQuant Bitcoin Breaks Above $71,500; XRP and Ethereum Follow The surge in trading activity coincided with a sharp Bitcoin rally. BTC broke above $70,000 today for the first time since June. Notably, just yesterday, it traded at $64,400 but has soared by more than 12% to $72,307 at press time.
The increase in volume suggests the breakout was due to stronger market participation, particularly in leveraged perpetual markets.
Meanwhile, the momentum spilled into the altcoin market almost immediately, with many coins posting more impressive gains than BTC.
For instance, Ethereum has surged by 19.25% over the past day, reaching $2,285 and nearly erasing all the losses recorded over the last 90 days.
XRP has also surged by 16%, reaching $1.15 after touching $0.9800 last week. However, its 90-day performance still remains deeply negative, at a 15.35% decline.
Key Factors Helping Crypto Surge Notably, the acceleration in crypto trading activity follows changes in the broader macroeconomic backdrop.
Yesterday, U.S. President Donald Trump welcomed top crypto and financial leaders for a meeting on the future of digital assets. These included executives from Ripple, Coinbase, Chainlink, Kraken, Robinhood, and Nasdaq, making the gathering a “who’s who” of finance, crypto, and technology.
Trump said his administration had “ended the war on crypto” and outlined its digital-asset agenda, including the Strategic Bitcoin Reserve, Digital Asset Stockpile, stablecoin legislation, and efforts to modernize financial rules for blockchain-based markets.
Meanwhile, the U.S. Treasury announced plans to at least double liquidity-support buybacks for longer-dated Treasury securities, increasing the previous maximum of $2 billion per operation to at least $4 billion, beginning September 9.
Longer-term Treasury yields subsequently declined, while the U.S. dollar weakened. U.S.-Canada trade tensions also showed signs of easing after Washington delayed planned 50% tariffs on Canadian imports for three days as negotiations continued.
With Bitcoin now trading above $72,200, stronger trading activity, a major BTC breakout, and shifting macroeconomic conditions could keep volatility high across the BTC, ETH, and XRP markets.
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.
Fidelity Digital Assets has released a report expressing concerns that artificial intelligence agents could generate high levels of digital activity while creating less value for public blockchains than some expect.
AI and Public Blockchain Demand in QuestionMax Wadington, Senior Research Analyst at Fidelity Digital Assets, outlined six main risks to the emerging trend connecting AI and cryptocurrencies. He argued that large technology and fintech firms might capture significant digital activity by keeping AI agents inside their own closed platforms, limiting the demand for public blockchains.
Wadington suggested that centralized platforms provide advantages in areas such as speed, cost efficiency, streamlined user experience, and regulatory certainty.
He stated that if AI-driven software agents operate within private and centralized environments, rather than using decentralized networks, this would likely undercut expectations of strong demand for blockchain-based payments, identity protocols, and settlement solutions.
He contended that “centralized platforms could have an advantage in performance, costs, user experience and regulatory clarity” over public blockchains if AI use remains within closed systems.
Some blockchain projects, such as the XRP Ledger, are already preparing for a future in which AI agents require access to decentralized payments. The XRP Ledger has integrated the x402 payment standard, which allows AI agents to pay for services using XRP and RLUSD.
Mini dictionary: x402 payment standard, a protocol developed to facilitate payments between machines, especially autonomous software agents, enabling settlement using digital assets like XRP and RLUSD across various platforms.
Competing Views: Grayscale vs. FidelityFidelity’s cautious view stands in contrast to Grayscale, a major digital asset investment firm. Grayscale’s Head of Research, Zach Pandl, has pointed to networks including Ethereum, Solana, Worldcoin, and Bittensor as likely beneficiaries of increasing AI adoption in blockchain-driven finance, verifiable records, and decentralized machine learning systems.
Proponents of the AI-crypto thesis believe that autonomous software agents will require programmable money and resilient, always-available digital infrastructure, something that traditional finance may not provide.
FirmOutlook on AI & BlockchainHighlighted NetworksFidelity Digital AssetsCautious, warns on value capture risksXRP Ledger, othersGrayscaleBullish, sees strong benefitEthereum, Solana, Worldcoin, BittensorValue Creation, Technical Risks, and Security ConcernsFidelity did not dismiss the possibility of AI agents using public blockchains, but emphasized that increased on-chain activity may not directly translate to higher token values. The report noted that although stablecoin payment volumes could rise, the majority of revenue and value might be captured by stablecoin issuers and service providers rather than by the underlying blockchains.
The report also drew attention to the impact of AI on software development. By making code easier and cheaper to produce, AI could reduce technical distinctions between blockchain networks, placing more importance on factors such as liquidity, user distribution, security, and community trust.
Security risks remain significant, according to Fidelity. As AI lowers barriers to both writing new software and discovering vulnerabilities, the likelihood of attacks or exploits could increase. This creates a new set of risks for public blockchain networks.
The central issue identified is not whether AI agents will utilize blockchains, but how much economic benefit these public networks and their tokens will ultimately receive.
Fidelity concluded that while AI adoption could boost digital activity, the extent to which public blockchains capture meaningful value from that activity remains an open question.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A growing shift in the cryptocurrency landscape is placing increased emphasis on projects with real-world financial utility, particularly as governments and major financial institutions advance their exploration of blockchain technology for payments, digital currencies, and asset tokenization.
Focus shifts to institutional utilityResearcher SMQKE describes a new class of so-called “government-aligned infrastructure digital assets” gaining attention for their collaborative approach with official institutions. Unlike earlier crypto projects that aimed to disrupt or replace traditional financial systems, these networks prioritize improving existing infrastructure for the secure and efficient movement of money and assets.
Among the leading names in this evolving sector are XRP, the digital asset operated by Ripple Labs; Stellar (XLM), developed by the Stellar Development Foundation; and Algorand (ALGO), a blockchain platform known for its emphasis on scalability and security.
Key government partnershipsXRP has drawn attention for its speedy, low-fee transaction processing and its expanding ecosystem supporting liquidity solutions. Notably, Palau incorporated XRP technology in its stablecoin and central bank digital currency (CBDC) pilot, underlining blockchain’s accelerating role in sovereign digital currency initiatives. This involvement does not make XRP Palau’s official CBDC, but it demonstrates how blockchain networks are being piloted in real-world national contexts.
Stellar (XLM) has been associated with Ukraine’s national digital currency explorations. By specializing in rapid, cost-effective digital value transfers, Stellar has been considered in discussions around stablecoins, cross-border transactions, and tokenized assets.
Algorand (ALGO) has played a similar role in the Marshall Islands, where its technology supports a government-backed digital currency experiment. The platform stands out for its capacity to facilitate scalable and affordable transaction infrastructure, critical for national-level digital payments systems.
Mini dictionary: CBDC (Central Bank Digital Currency), a form of digital money issued and governed by a nation’s central bank, aims to provide a stable and regulated alternative to cryptocurrencies while enabling efficient payments and settlements within a country’s financial system.
Other infrastructures in playBeyond these core networks, several other platforms are building momentum in government-related blockchain pilots and projects. Hedera (HBAR) is involved in Australia’s Project Acacia, a wholesale CBDC and tokenized asset initiative. Quant (QNT) has taken part in European and United Kingdom digital currency and tokenized deposit discussions.
IOTA, a distributed ledger project, has partnered with entities in Kenya to digitize trade and customs processes. XDC Network (XDC) is prioritizing efficient trade finance and digital trade documentation, while Cardano (ADA) has been referenced in technology modernization efforts within Brazil’s public sector.
ProjectGovernment InitiativeCountry/RegionXRPStablecoin/CBDC pilotPalauStellar (XLM)National digital currency projectUkraineAlgorand (ALGO)National digital currency pilotMarshall IslandsHedera (HBAR)Project Acacia (CBDC/tokenized assets)AustraliaQuant (QNT)Tokenized deposits/currency discussionsEurope, UKIOTATrade and customs digitizationKenyaXDCDigital trade infrastructureGlobalCardano (ADA)Government IT modernizationBrazilInfrastructure vs. speculationPayment efficiency, liquidity management, settlement speed, interoperability, and tokenization are now recurring themes among these infrastructure networks. As these priorities rise, infrastructure-based digital assets may distinguish themselves from projects driven chiefly by speculation and short-lived attention cycles.
Government partnerships are not a guarantee of widespread adoption or significant price gains; success depends on factors like regulation, token economics, network activity, and tangible use cases in actual financial systems.
Observers note that if blockchain becomes central to global finance and public-sector digitization, platforms such as XRP, XLM, ALGO, HBAR, QNT, IOTA, XDC, and ADA may increasingly be evaluated based on their contributions to financial infrastructure rather than prevailing market sentiment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The total cryptocurrency market capitalisation surged more than 11% in a single 24-hour window on August 20, 2026, marking what many observers are calling the most significant broad-based rally of the year. Major assets including $HYPE, $PEPE, $ETH, $BTC, $XRP, $WLD, $XLM, $SOL, $CRO, $ASTER and $CC all moved into the green, with double-digit gains across the board for the first time in 2026.
What Sparked the Move The catalyst appears to be political as much as technical.
, while
Supercycle or Short Squeeze? The word "supercycle" is doing the rounds again, but context matters.
Longer-term, the structural backdrop is shifting. For now, though, the market is enjoying one of its broadest green days of the year.
Sources:
Bitcoin's Sharp Rally Sparks Massive Short Squeeze, Boosting Crypto and Stocks (Briefs.co)
Total Crypto Market Cap Adds $113B as Bitcoin and Ethereum Rally (Crypto Briefing)
Tokenization Supercycle Set to Drive Crypto's Next Leg Higher in 2026: Bernstein (CoinDesk)
Ripple CEO Brad Garlinghouse joined President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig, Coinbase CEO Brian Armstrong and other crypto industry leaders at the White House, where the focus was on clearer crypto rules, U.S. innovation and the next steps for the CLARITY Act. The meeting came as XRP was recovering from the $1 area, with the fresh regulatory movement helping improve sentiment around the token.
Brad Garlinghouse: “Crypto Isn’t a Fringe Industry”Garlinghouse mentioned the growing size of the U.S. crypto market, saying 67 million Americans now hold crypto, or nearly one in four people. He said crypto has moved well beyond being a niche industry and that Washington can no longer ignore its growing user base.
He also praised Trump’s focus on digital-asset innovation, saying the administration’s commitment could create a brighter future for the industry.
For XRP, the broader thing is that Ripple has been pushing for clearer U.S. rules for years. Greater regulatory certainty could make it easier for crypto companies and financial institutions to build and operate in the country.
Trump Puts the CLARITY Act in FocusTrump called on Congress to pass a fair version of the legislation, arguing that it could open the door to the next wave of innovation.
Coinbase CEO Brian Armstrong called the September 15 CLARITY Act vote the most important next step. He said the administration, SEC and CFTC are aligned and that the crypto industry is ready to move the legislation forward.
The bill is still not law, so its progress through the Senate remains an important factor for the market.
SEC Chair Paul Atkins said the regulator is working toward making the U.S. a stronger home for crypto innovation. He pointed to the SEC’s proposed crypto-assets rules, which he said could provide companies with more certainty when raising capital through digital assets.
Atkins also backed the goal of sending the CLARITY Act to Trump for approval, connecting crypto regulation with the broader effort to boost U.S. financial markets and bring more investors into the system.
XRP Price JumpsXRP climbed nearly 10% to around $1.09, breaking above the $1.08 level after spending several days near $1. The next level to watch is around $1.14, with a sustained move above it potentially opening the way toward $1.20. If the rally loses momentum, $1.08 could become an important support level.
🚨 $XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels 🤯🔥
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
— Diana (@InvestWithD) August 19, 2026 The price move was also supported by renewed XRP ETF demand. Spot XRP ETFs recorded $5.81 million in inflows on August 18, their strongest single-day inflow since July 31, after seeing no activity on Monday. The five ETFs now collectively hold about 1.5% of XRP’s current supply.
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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.
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Binance has seen the sharpest percentage drop in XRP reserves, while Upbit and Bithumb continue to hold the bulk of tracked supply.
XRP’s struggle near $1 continues even as its peers display modest gains this week. The crypto asset went down almost 10% over the past month before it rebounded significantly on Wednesday evening.
Despite the weakness, much more XRP is being withdrawn than deposited across major platforms.
Reserves Slide According to the latest analysis shared by CryptoQuant, XRP reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million from their late-May and early-June levels, as of August 19. South Korean giant Upbit held 6.40 billion XRP, down from 6.51 billion on May 30, which is a decline of about 110 million, or 1.7%.
The figures for Bithumb fell to 1.82 billion from 1.85 billion on June 2, a decrease of roughly 30 million, or 1.6%. Meanwhile, Binance recorded the largest percentage decline, with its reserves for the token dropping to 2.62 billion from 2.72 billion over the same period, which translates to a reduction of approximately 100 million XRP, or 3.7%.
Combined reserves across the three exchanges decreased from about 11.08 billion to 10.84 billion, representing a decline of roughly 2.2%. Despite the overall reduction, Upbit remains the largest holder of the crypto asset among the three exchanges. In fact, Upbit and Bithumb together hold about 8.22 billion XRP and account for nearly 76% of the reserves tracked across the three platforms.
The falling exchange reserves come as wallet activity across major exchanges turns more focused on withdrawals. As recently reported by CryptoPotato, Coinbase recorded a seven-day net wallet count of -14,300 as of August 18. The exchange accounted for 47.3% of the total absolute imbalance, its highest share since July 2024.
Binance posted a net wallet count of -3,270, while Crypto.com recorded -2,680. Both exchanges moved into negative territory on July 18, almost a week after Coinbase. Binance’s share of the overall imbalance also rose from nearly zero on July 16 to around 10%. Upbit, however, saw its share fall to about 12% from 40% in June.
You may also like: Important Ripple News and XRP Price Update: August 19 XRP Wallet Activity Turns Withdrawal-Heavy Across Exchanges: What It Means for Price? Ripple’s (XRP) $1 Breakdown Could Get Worse Before It Gets Better Whale Activity The asset’s weak price performance has not stopped large transactions from picking up on the XRP Ledger. Data shared by crypto analyst Ali Martinez revealed that transactions worth more than $1 million jumped 280% in a single day and reached nearly 40, compared with around 10 during each of the previous two days.
The spike came shortly after wallets holding between 10 million and 100 million XRP accumulated about 72 million tokens in one day.
Network activity has also picked up, as the ledger recorded nearly 50,000 active addresses over a 24-hour period last week. Despite the rise in activity, social sentiment around XRP fell to a three-month low.
XRP and Stellar (XLM) extend their rallies on Thursday as improving liquidity conditions fuel a broader surge across the cryptocurrency market. XRP trades above $1.08, while XLM approaches the key $0.177 resistance level following surges of more than 10% and 9%, respectively, the previous day.
The US Treasury’s decision to double its debt buyback operations on Wednesday has improved liquidity conditions and helped trigger a short squeeze, supporting the sharp upside across both altcoins.
Short squeeze triggers liquidationThe US Department of the Treasury announced on Wednesday that it will double the size of some of its buyback operations aimed at supporting liquidity in the longer-dated Treasury securities market.
Reuters reported that the Treasury will increase liquidity support buybacks for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation.
This news supported the broader crypto market, as the increased Treasury buyback operation signaled improved liquidity conditions, eased liquidity concerns and boosted risk appetite. The move also contributed to a short squeeze across the crypto market, triggering liquidations and amplifying gains in XRP and XLM.
CoinGlass liquidation data shows that 172,642 traders were liquidated in the last 24 hours, totaling over $2.99 billion across the crypto market.
For XRP and XLM, over 84% and 86% of positions were long, respectively, indicating overly bullish positioning, with total liquidations of $19.43 million and $758,460.
XRP exchange liquidation chart. Source: Coinglass
XLM exchange liquidation chart. Source: CoinglassXRP technical outlook: Closes above 50-day EMAXRP price trades at $1.108 on Thursday, holding above the 50-day Exponential Moving Average (EMA) at $1.076 but still capped by the 100-day EMA at $1.153 and the longer-term 200-day EMA at $1.338 overhead.
This configuration hints at a recovery attempt within a broader capped structure, as price has reclaimed the broken downtrend resistance line around $0.995 as support.
Meanwhile, momentum improves: the Relative Strength Index (RSI) at 63 approaches overbought territory, and the Moving Average Convergence Divergence (MACD) stands above zero, suggesting strengthening bullish pressure that has yet to overcome the major moving-average barriers.
On the downside, initial support is seen at the 50-day EMA near $1.076, ahead of the horizontal floor at $1.000 and the former trendline break level at $0.995, which together define a key demand zone guarding the recent rebound.
On the topside, immediate resistance emerges at the 100-day EMA at $1.153, followed by the horizontal cap at $1.300; a sustained move above these hurdles would open the way toward the 200-day EMA at $1.338, while only a more extended advance could bring the distant structural barrier at $1.900 back into focus.
XRP/USDT daily chartXLM technical outlook: Surges to key resistanceXLM price trades at $0.171 on Thursday, holding a capped tone as it remains below the short-, medium- and long-term EMAs, with the 50-day EMA at $0.173, the 100-day EMA at $0.177 and the 200-day EMA at $0.188 acting as layered overhead resistance.
Despite this bearish structural backdrop, momentum has improved, with the RSI hovering around 55 and MACD turning positive, hinting that selling pressure is easing but not yet strong enough to reclaim the nearby resistance cluster.
On the topside, initial resistance is clustered around $0.173, where the 50-day EMA converges with the 78.6% Fibonacci retracement, followed by the horizontal barrier at $0.177 and the 100-day EMA at $0.178, which together cap any immediate recovery attempts.
On the downside, the current area around $0.171 acts as a near-term pivot. At the same time, more meaningful support emerges at the horizontal level of $0.142, ahead of the broader structural floor near the cycle low at $0.139, where buyers would be expected to defend the medium-term range.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Stablecoin activity on the XRP Ledger (XRPL) is picking up momentum, with fresh data from RWA(.)xyz pointing to a notable rise in both transfer volumes and the number of holders, even as the network's native token continues to face price headwinds.
Transfer Volume and Holder Growth Over the past 30 days, stablecoin transfer volume on the XRPL has climbed 14% to $4.49 billion, according to RWA(.)xyz data. The figures suggest that users continue to make greater use of the XRPL ecosystem, with the number of stablecoin holders on the network jumping 36.7% over the same period to 82,130. That pace of holder growth is particularly striking and points to genuine adoption rather than simple speculation on token prices.
The broader trajectory is even more telling: the XRPL began the year with a stablecoin market cap of just $291.4 million, and the current figure represents a 227% increase in 2026 alone. At the same time, the total stablecoin market cap on the ledger has dipped 4.8% over the latest 30-day window to around $937 million, reflecting some short-term consolidation after a sharp run-up.
RLUSD Tightens Its Grip Ripple's RLUSD remains the dominant stablecoin on the XRP Ledger, holding a roughly 94% share of the network's total stablecoin market. The stablecoin's concentration on XRPL has been a deliberate strategic shift: Ripple has gradually moved RLUSD supply away from Ethereum and toward the XRP Ledger, achieving this through large token burns on Ethereum alongside substantial minting activity on the XRPL.
RLUSD has also driven most of the growth in stablecoin transfer activity, with stablecoin transfer volume on the XRPL rising 207.5% to $10 billion in Q2 2026, with RLUSD accounting for about $9 billion, or 90% of that total.
The divergence between on-chain activity and token price is a recurring theme for $XRP in 2026. Activity on the XRP Ledger has surged, yet much of the ledger's growth is driven by RLUSD and tokenized assets that use XRP briefly as a bridge currency, boosting transactions without necessarily creating lasting demand for the token itself. For now, the stablecoin data underlines that the XRPL's infrastructure is seeing real, sustained use, even if the price of $XRP has yet to reflect it.
Sources:
The Crypto Basic: XRP Records $4B+ in Stablecoin Transfer Volume as Holders Spike 36% to 82,000+
The Crypto Basic: XRP ETPs Pull In $253.6M as XRPL Stablecoins Surge 195% in Q2
CoinDesk: XRP Ledger Activity Is Hitting Records, But Why Are XRP Prices Down?
Here's what happened behind the scenes before, during, and after XRP's major double-digit rally to $1.14.
Most of July and August were highly dull trading periods for the entire cryptocurrency market, with little to no movement, a lack of actual interest, and missing volume.
It all changed yesterday afternoon when the market was revived with major price rallies across all assets. Ripple’s XRP also exploded alongside its peers, but there could be more to its story.
The Story The cross-border token finally broke decisively away from the $1.00 danger zone, surging by double digits to a monthly peak at $1.14 before it retraced slightly to the current $1.10. There are several reasons, besides the big one behind the market’s resurgence, that can be attributed to XRP’s uptick.
As reported earlier this week, whale activity picked up on several fronts. The number of transactions worth more than $1 million soared by 280% within a single day, reaching almost 40 compared with roughly 10 during each of the preceding two days.
Although this wasn’t necessarily an accumulation signal since large transactions can be buying, selling, or simply transfers, it followed another notable whale development in which market participants holding between 10 million and 100 million XRP purchased roughly 72 million tokens in 24 hours.
The token supply sitting on exchanges was also moving in the right direction for months, as over 240 million XRP left Binance, Upbit, and Coinbase between June and mid-August. These platforms’ combined reserves went down from roughly 5.36 billion to 5.12 billion tokens.
Last but not least, the overall network activity has risen lately, with the XRP Ledger recording almost 50,000 active addresses within 24 hours, the highest figure in over two months.
You may also like: 240 Million XRP Pulled From Major Exchanges Since Early Summer: Why It Matters Important Ripple News and XRP Price Update: August 19 XRP Wallet Activity Turns Withdrawal-Heavy Across Exchanges: What It Means for Price? XRP Bears Caught Off Guard XRP open interest had skyrocketed to $2.7 billion earlier this week, the highest since the October 2025 massacre. 75% of these positions were positioned long. However, that didn’t mean three-quarters of the actual capital was betting on higher prices.
Notional exposure remained balanced because every derivatives contract has both a long and short side. Perhaps more importantly, the actual trading flow leaned bearish. Around $375 million in 24-hour short volume was recorded compared with $304 million on the long side.
Popular analyst Bird also weighed in on the OI, indicating that when it surged between 2022 and 2024, XRP ultimately got wrecked. However, it all changed in November 2024.
“That time was different. OI exploded… but instead of price rejecting and leverage being wiped out, XRP broke out with it. A completely new trend began.”
Bird added that XRP spent the past few months getting “absolutely destroyed,” as prices capitulated, leverage was flushed, and sentiment deteriorated. OI built up quietly again, and XRP responded with a massive green candle.
The analyst admitted that “one green candle doesn’t confirm anything,” but believes the comparison to previous cycles looks less like the failed leverage spikes of 2022-2024 and “increasingly” more like November 2024 as long as XRP “keeps moving higher while OI remains healthy.”
President Donald Trump repeated his commitment to secure U.S. leadership in cryptocurrency and emerging technologies, sparking widespread reactions from industry executives and top administration officials.
Reactions Pour in From Crypto ExecsCoinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong, who was present at the White House summit hosted by Trump, said the administration and industry are ready to get the CLARITY Act across the finish line
He added that CFTC Chairman Michael Selig and SEC Chairman Paul Atkins are aligned on this goal, expressing optimism that the Senate would eventually pass the legislation.
Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev, who also attended the event, stated that the company’s core purpose is enabling broad ownership, calling it essential to a free, stable, and prosperous society.
He said Robinhood is committed to ensuring that “America leads the way.”
Ripple (CRYPTO: XRP) CEO Brad Garlinghouse hailed Trump’s “incredible commitment” to innovation and leadership around digital assets in the U.S.
“Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Garlinghouse added.
Binance (CRYPTO: BNB) Founder Changpeng Zhao also joined the celebrations, stating, “We are so back” in response to Trump’s industry-supportive remarks at the event.
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Pro-cryptocurrency Sen. Cynthia Lummis (R-Wyo.) quoted Trump criticizing the Biden administration’s cryptocurrency regulations as a “brutal” attack that pushed innovation overseas to China’s advantage.
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“We must never go back to the Chokepoint 2.0 era,” the senior Republican said.
Trump Reiterates Pro-Crypto StanceTrump said that America remains the “undisputed leader” not only in Bitcoin (CRYPTO: BTC) and cryptocurrency, but also in technologies like prediction markets
He added that the U.S. is currently the "hottest country" in the world and urged Congress to take the next step by passing the CLARITY Act.
When asked about the administration’s plans to accumulate Bitcoin or other cryptocurrencies, Trump said the option is being “talked about” and if the executives come up with recommendations, he’d "certainly listen."
Reserves Slide Across Major Platforms$XRP is steadily moving off centralized exchanges, with on-chain data pointing to a meaningful tightening of readily tradable supply. According to CryptoQuant analyst Amr Taha, reserves across Upbit, Binance, and Bithumb have fallen by roughly 240 million XRP since early summer. Combined holdings across the three platforms now stand at approximately 10.84 billion XRP, a decline of around 2.2%.
Binance recorded the steepest drop among the three. The exchange's XRP balance fell from about 2.78 billion tokens in mid-May to 2.61 billion by early July, a decline of roughly 170 million XRP, or more than 6% of its holdings. That pushed Binance's reserve to its lowest level since March 2026. The latest figures cited in the original report place Binance's reserve at 2.62 billion XRP, reflecting a 3.7% decline.
Upbit, the dominant South Korean venue, remains the single largest holder of exchange-held XRP. Despite a smaller percentage decline, the exchange still holds around 6.4 billion XRP, roughly 2.47 times as much as Binance, confirming its outsized share of global exchange reserves. Upbit and Bithumb together account for nearly 76% of tracked XRP exchange reserves, underscoring the outsized role South Korean platforms play in the token's on-chain liquidity picture.
What the Outflows Actually MeanFalling exchange reserves are often read as a bullish signal, as tokens leaving trading platforms can indicate holders moving supply into private wallets or long-term custody rather than positioning to sell. A sustained decline typically indicates investors are moving tokens into private wallets or long-term custody, a trend often associated with lower near-term selling pressure.
However, Taha himself urges caution. He cautioned against treating lower reserves as clear evidence of accumulation or a guaranteed bullish signal, noting that tokens may simply be moving between exchanges or reducing the amount of XRP immediately available for spot trading, rather than reflecting deliberate long-term holding. According to CryptoQuant, lower exchange reserves imply less immediate sell-side supply, and if sustained, reduced liquidity raises the odds of short to medium-term price increases. Even so, broader market conditions, demand, and sentiment remain the primary drivers of price direction.
Sources:
The Crypto Basic: XRP Whale Withdrawals and Reserve Decline on Binance and Upbit
FXStreet: XRP Clings to $1.00 Floor Amid Declining Exchange Balance
CoinPaper: XRP Exchange Reserves Hit Multi-Month Lows
Volkswagen’s commercial vehicle arm, TRATON Group, has migrated its global treasury operations to Ripple Treasury’s platform, in a move that replaces decades-old manual processes with advanced digital infrastructure.
TRATON Group, part of the Volkswagen Group and the manufacturer behind international brands such as Scania, MAN, and Volkswagen Truck & Bus, has chosen Ripple Treasury to standardize forecasting across its worldwide operations.
Ripple Treasury confirmed TRATON as a new enterprise customer, sharing the news through its LinkedIn page. TRATON is recognized as one of the largest commercial vehicle manufacturers globally, servicing dozens of markets through its extensive portfolio of brands.
Commentators, such as crypto analyst BankXRP, drew attention to the scope of the deal, noting it as an example of Ripple embedding itself deeper within the financial infrastructure of multinational enterprises.
Ripple is replacing roughly 20 separate Excel forecasting templates within TRATON Group’s operations, moving the company toward a unified treasury solution.
Ripple Treasury is the newly branded treasury management solution born of Ripple’s $1 billion acquisition of GTreasury in 2025.
Mini dictionary: TRATON Group is a leading global manufacturer of commercial vehicles and a core subsidiary of Volkswagen Group, operating major brands like Scania, MAN, and Volkswagen Truck & Bus.
From fragmented spreadsheets to centralized dataTRATON’s treasury operations formerly depended on about 20 distinct Excel templates for planning and forecasting, each maintained separately by individual teams across its brands. This manual, fragmented approach often led to inconsistent data quality, heavy reconciliation workloads, and a reliance on localized expertise.
By transitioning to Ripple Treasury, TRATON’s teams now access a single, standardized forecasting environment. Automated data collection replaces manual entries while a centralized audit trail ensures accuracy and accountability. This upgrade is particularly significant for an organization with over €40 billion in revenue and multi-market operations spanning various currencies and subsidiaries.
Previous SystemRipple Treasury20 separate Excel templatesUnified digital platformManual data collectionAutomated data automationFragmented reportingCentralized audit trailInconsistent data qualityConsistent, reliable dataCommunity buzz and timingXRP community members noted that the TRATON partnership announcement fell on August 18, 2026, exactly five years after a social media post showed a Volkswagen stock chart. While some observers speculated about the timing, there is no verified connection, but the alignment has fueled discussion and buzz within the community.
Ripple’s expanding enterprise reachThis new agreement makes TRATON one of the first major industrial customers to deploy Ripple Treasury since Ripple acquired and rebranded GTreasury. The agreement highlights Ripple’s ongoing push into the enterprise sector, providing digital infrastructure for globally recognized manufacturers.
TRATON’s adoption of Ripple Treasury is a concrete example of a Fortune-level manufacturer replacing legacy systems with a blockchain-driven platform, signaling broader enterprise acceptance.
The arrangement is expected to streamline global treasury functions for TRATON, enhancing accuracy and efficiency while opening the door for Ripple to expand its presence in the automotive industry and among top-tier enterprises.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple CEO Brad Garlinghouse said crypto has moved firmly into the mainstream.
He has pointed to new data showing that more than 67 million Americans now own digital assets.
"Crypto isn't a fringe industry," Garlinghouse said in a post on X after attending a White House crypto summit alongside President Donald Trump, SEC Chair Paul Atkins, CFTC Chair Michael Selig and other industry leaders. He added that the figures show "the crypto voter is alive and well."
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Garlinghouse was referring to the National Cryptocurrency Association’s 2026 State of Crypto Holders Report, which found that crypto ownership in the U.S. has risen to more than 67 million people. That's roughly one in four U.S. adults.
The report, produced by the NCA in partnership with The Harris Poll, surveyed 10,000 cryptocurrency holders and found that crypto is increasingly being used beyond investment. Americans reported using digital assets for payments, sending money to family and friends, financial management, charitable giving and business activities.
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Interest in crypto is also continuing to grow among existing holders. Nearly two-thirds, or 63%, of respondents said they were more interested in using crypto in 2026 than they were in 2025.
The NCA also found that the profile of the typical crypto holder is broadening. Female ownership has increased 10% from the previous year, while 42% of people who entered the crypto economy in 2025-2026 are women, compared with 34% among earlier adopters.
Crypto ownership also extends well beyond high-income households. According to the report, 90% of holders earn less than $500,000 annually, while 23% make $75,000 or less.
The end of "political lawfare"At the White House summit, CFTC Chair Selig said the era of "political lawfare, debanking, and regulation by enforcement" was over and argued that the next generation of finance is being built in the U.S.
SEC Chair Atkins similarly stressed the need for greater regulatory certainty for crypto entrepreneurs and companies seeking to raise capital through digital assets.
Key Highlights XRP rallied 10% in a 24-hour period, climbing from under $1 to reach $1.10, with an intraday peak of $1.10 from a session low of $0.9956. Derivatives activity intensified with XRP futures volume reaching $2.92 billion, roughly six times the monitored spot trading volume, accompanied by $9.13 million in liquidations. Large-holder transactions spiked 280% on August 18, recording more than 38 transfers exceeding $1 million each. Exchange-traded funds in the United States now control nearly 1 billion XRP tokens (994.72 million), with Bitwise accounting for $18.55 million in trading activity. The U.S. Treasury’s buyback program expansion drove Treasury yields down and catalyzed a broader cryptocurrency market rally exceeding 5%. Ripple’s XRP token posted a substantial 10% gain on Wednesday, advancing from a 24-hour bottom of $0.9956 to touch an intraday peak of $1.10. Throughout most of August, the cryptocurrency had traded in a tight range around the $1 mark, making this advance one of the most significant single-session rallies in recent trading periods.
[[IMG_4]]XRP Price Against Bitcoin, XRP registered a 3.1% increase, demonstrating that the move wasn’t simply tracking general market momentum. The token was delivering independent outperformance relative to the broader digital asset ecosystem.
On-Chain Signals Preceded the Price Breakout Blockchain data revealed accumulation patterns before the price action materialized. Large-holder activity surged approximately 280% on August 18, with data showing over 38 individual transactions valued at $1 million or more within a single day.
Network engagement on the XRP Ledger had been climbing as well. Santiment data indicated 49,929 active addresses on August 13, marking the highest level in more than two months. The average count of daily active addresses expanded from approximately 26,400 throughout July to around 35,700 in August.
$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.
📉 Price closed at ~$1.00 on Aug 12, the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak near $3.30.
📊 Activity picked up anyway. Active… pic.twitter.com/3JcxJjWNFd
— Santiment Intelligence (@SantimentData) August 13, 2026
Technical analyst Diana shared insights on X, highlighting that XRP successfully breached the critical $1.081 resistance barrier and extended toward $1.12. She pointed to the 4-hour RSI reading of approximately 87.6, indicating overbought territory, while identifying the subsequent resistance zone near $1.145, with $1.20 representing a plausible objective following a decisive move above that threshold.
🚨 $XRP EXPLODES 12% After Ripple CEO’s Trump Meeting — SMASHES Through $1.08 Resistance as RSI Hits EXTREME Overbought Levels 🤯🔥
After weeks of fighting around $1.00, $XRP suddenly ripped nearly 12%, blasting straight through the major $1.081 resistance and reaching roughly… https://t.co/MqynN5V4vY pic.twitter.com/sKZyQWdkxG
— Diana (@InvestWithD) August 19, 2026
Trading in derivatives markets exhibited considerable intensity. XRP futures recorded $2.92 billion in volume, significantly outpacing spot market activity of roughly $505.8 million. Total open interest measured $2.81 billion, while forced liquidations totaled $9.13 million across the 24-hour window.
Institutional Developments Provided Additional Support Ripple Prime secured $275 million on August 18 via a private placement offering of senior unsecured notes, receiving a BBB credit rating from KBRA. That same day, Ripple unveiled a collaboration with Jeonbuk Bank, positioning it as South Korea’s first regional financial institution to implement Ripple Payments technology for international money transfers.
United States-based XRP investment vehicles accumulated 994.72 million XRP tokens prior to the rally, approaching the 1 billion threshold. Bitwise commanded the highest trading volume at $18.55 million, with Franklin Templeton following at $4.80 million.
The Securities and Exchange Commission officially introduced its Regulation Crypto Assets proposal on August 18, establishing exemptions for specific cryptocurrency offerings. XRP maintains particular sensitivity to U.S. securities frameworks following Ripple’s prolonged regulatory battle with the SEC.
The Treasury Department’s declaration to expand liquidity-support buybacks for longer-maturity securities — doubling the program from $2 billion to $4 billion effective September 9 — compressed long-end yields by as much as 10 basis points, pressured the dollar lower, and propelled Bitcoin beyond $68,000.
As of Thursday, XRP is changing hands near $1.0951, maintaining support above its 50-day exponential moving average positioned at $1.0764. The MACD indicator has generated a bullish crossover above its signal line, while the RSI registers approximately 59. The subsequent technical milestone to monitor is the 100-day EMA located at $1.1539.
Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong highlighted momentum for the Clarity Act after the White House crypto meeting. President Trump urged Congress to pass the Clarity Act, calling the current crypto bill “very bipartisan.”
Brad Garlinghouse, Brian Armstrong & Crypto Executives Focus on Crypto Bill’s Ethics Issue Top crypto industry leaders gathered at the White House crypto event for remarks by President Donald Trump alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig.
Before the event, a smaller group of executives including Armstrong, Garlinghouse, a16z’s Chris Dixon, and Kraken co-CEO Arjun Sethi met with Commerce Secretary Howard Lutnick.
The discussion centered on the Clarity Act’s potential to create U.S. jobs, drive economic growth, and encourage crypto companies and entrepreneurs to return onshore, according to reporting by journalist Eleanor Terrett.
The group also addressed remaining obstacles to crypto bill passage, including ethics, and how the White House could help find a path to bipartisan agreement.
While the official decision on bipartisan ethics counteroffer still pending, Trump said the crypto bill is “very bipartisan.” He also said “a lot of Democrats support it” as Coinbase CEO Armstrong urged the Senate to pass the Clarity Act on September 15.
Ripple and Coinbase CEO Hails Trump Admin’s Commitment to Pass Clarity Act Trump called on Congress to pass the Clarity Act, describing it as “very, very powerful structured legislation, which will keep us ahead of China, keep us ahead of everyone else.”
Ripple CEO Brad Garlinghouse noted that it was “great to be back at the White House” with Trump, Atkins, Selig, and crypto industry leaders. He spotlighted that 67 million Americans hold crypto today, which means nearly 1 in 4.
“The big picture has never been clearer: 67 million Americans hold crypto today (that’s nearly 1 in 4!). Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Ripple CEO said.
He hailed President Trump’s commitment to innovation and leadership around digital assets in the US. Meanwhile, XRP price has rallied more than 13% to $1.12 over the last 24 hours, building momentum on Garlinghouse’s earlier comment on leaning aggressively to support the CLARITY Act.
Coinbase CEO Brian Armstrong also said President Trump’s message was clear. He stated the administration is committed to passing the Clarity Act, with the crypto industry ready to get the crypto bill across the finish line.
Armstrong claimed 67 million Americans want the Clarity Act to pass. He also urged everyone to contact lawmakers ahead of the Senate’s vote next month.
Today’s message from @POTUS was clear: This Administration is committed to passing the Clarity Act — answering voters’ call for consistent rules for crypto.
Regulators @SECPaulatkins and @chairmanselig are aligned, Congress has set a date, and the entire industry is ready to get… pic.twitter.com/iGfqbawSUE
— Brian Armstrong (@brian_armstrong) August 20, 2026
Odds of the Clarity Act Signed Into Law in 2026 climbed on prediction markets after the crypto CEOs attended the White House crypto summit and Trump urged Congress to pass the crypto bill.
The crypto Fear and Greed Index climbed to 62 on Thursday, a Greed reading that wipes out yesterday’s score of 46. The 16-point daily jump ranks among the sharpest sentiment swings of 2026.
Bitcoin (BTC) drove the shift. The largest cryptocurrency gained 8.8% over 24 hours to trade near $69,803, while ether and other majors posted even bigger moves.
What Pushed the Crypto Fear and Greed Index Into GreedThe index blends five inputs, and two of them carry most of the weight. Volatility and market momentum count for 25% each. Both flipped hard once prices moved.
Ether (ETH) led the majors with an 18.5% daily gain to $2,259. Solana (SOL) added 11.9%, and XRP rose 11.2%. Meanwhile, Bitcoin’s market capitalization recovered to roughly $1.4 trillion.
Crypto Fear and Greed Index. Source: alternative.meThe scale runs from zero to 100. Readings above 50 count as Greed. Scores near 25 signal Extreme Fear. Thursday’s print is the highest level on the index’s 30-day chart. Weekly investor surveys and Bitcoin dominance make up the smaller inputs.
Short sellers accelerated the climb. Roughly $1.23 billion in bearish positions unwound during the surprise crypto market rally, which forced traders to buy back exposure at higher prices.
Social media activity and Google search interest, which together account for a quarter of the score, typically spike after moves like this. Therefore, the reading may keep rising before it cools.
Fear and Greed Index over time chart, Source: alternative.meWhy This Sentiment Flip Still Deserves CautionContext matters here. The index printed 29 last week and 25 a month ago, deep inside Extreme Fear. Traders spent nearly all of July and early August below 35.
However, liquidity has not recovered at the same pace as the mood. Stablecoin balances held on exchanges have dropped about 20%, according to exchange stablecoin reserve data. Less idle cash therefore sits ready to absorb the next round of selling.
Contrarians read extremes in both directions. In late June, Fundstrat head of research Tom Lee argued that crypto sentiment had sunk below post-FTX levels. Coverage of those peak market fear signals looks early rather than wrong today.
Other traders watch market structure instead of mood. Bitcoin dominance has tested support since July, a setup that keeps the altcoin season debate open. In contrast to sentiment gauges, that signal has barely budged.
Leverage cuts both ways. The same short liquidations that lifted prices leave fewer bears to squeeze. A quiet session could drag the volatility and momentum scores straight back down.
One day of Greed confirms nothing on its own. Still, the index rarely travels 16 points without follow-through in one direction or the other. The next few readings will show whether buyers stay committed or whether fear returns just as quickly.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The American mutual fund Kinetics Internet Portfolio, which has $275 million in assets and is part of Kinetics Portfolios Trust, has acquired a direct equity stake in Ripple Labs Inc.
The investment was disclosed in the fund's quarterly Form NPORT-P report filed with the U.S. Securities and Exchange Commission (SEC). According to the document, the fund owns Class A common shares (Class A Common Shares) issued by Ripple.
SEC Form NPORT-P filing confirming Ripple Labs equity ownership by Kinetics Portfolios Trust. Source: SEC.govThe distinctive aspect of the transaction is that the institutional investor invested directly in the company — through Ripple shares — rather than in the
volatile XRP cryptocurrency.
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The position is estimated at approximately $150,000, making it small in size relative to a $275 million fund. The filing reflects the portfolio's holdings as of June 30, 2026, but due to regulatory reporting delays, the information became public only in August.
IPO and Washington factors: What is making funds rush to buy Ripple sharesThe fund's purchase coincided with a noticeable softening in Ripple management's rhetoric regarding a potential public listing. Speaking at the Wyoming Blockchain Symposium 2026, CEO Brad Garlinghouse said the company now takes a "more neutral" view of the idea of an IPO.
Previously, Ripple's senior management, including President Monica Long, had categorically denied having such plans, citing the company's strong balance sheet and the absence of a clear timeline.
Because Ripple Labs remains a private company, the fund acquired the securities through specialized over-the-counter pre-IPO platforms for accredited investors. The transaction comes amid Ripple's own large-scale $750 million tender offer to repurchase its shares, which valued the company at $50 billion.
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At the same time, the U.S. Securities and Exchange Commission has opened a proposed new regulatory framework, known as "Regulation Crypto Assets," for public comment, while the U.S. administration is holding direct closed-door meetings with Ripple executives at the White House.
Against the backdrop of these regulatory changes and the confirmation of Ripple's multibillion-dollar valuation, institutional investors are rushing to gain exposure to the company through the private market rather than waiting for an official IPO.
