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Ripple is pushing the XRP Ledger into institutional lending territory with the XLS-66 Lending Protocol, paired with XLS-65 Single Asset Vaults, a framework that enables fixed-term credit facilities funded by pooled deposits and settled automatically on-ledger. Institutions put assets into a vault, borrowers draw from that pool on defined terms, and the ledger handles repayment mechanics without a middleman touching the money.
The underwriting still happens off-chain. Risk assessment, credit decisions, compliance checks: all conducted before anything touches the ledger. Once approved, execution is automated.
How the protocol actually works Single Asset Vaults, defined under XLS-65, are the deposit side of the equation. Liquidity providers deposit into these vaults, which then fund fixed-term loans to institutional borrowers.
The loans themselves are uncollateralized in the traditional crypto sense. There is no overcollateralization requirement like you would see on Aave or Compound. Instead, underwriting happens through off-chain credit assessment, which means the protocol is explicitly designed for institutions that can be evaluated like real-world borrowers, not anonymous wallets.
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The protocol also integrates with Multi-Purpose Tokens, XRPL’s flexible tokenization standard, as well as Credentials and Permissioned Domains, features that allow the ledger to enforce compliance rules at the infrastructure level. An institution can participate only if it meets the criteria embedded in the domain.
Rippled v3.1.0, which shipped in late January 2026, moved the Lending Protocol amendment into validator voting. The amendment has since received a re-audit by Halborn, a blockchain security firm, clearing one of the last major technical hurdles before broader deployment.
The tokenized RWA context Tokenized RWAs on the ledger exceeded $3 billion in value by late April 2026, according to RWA.xyz data. That figure represents a 59% increase in a single month. The growth is being driven by two main asset classes: energy-backed tokens and Ondo Finance’s tokenized US Treasuries.
Energy-backed tokens represent physical energy assets, typically tied to production or reserves, that have been tokenized for on-chain trading and financing.
Evernorth, a firm holding a significant quantity of XRP, publicly announced in January 2026 its intent to participate in the Lending Protocol once live. The firm’s interest is straightforward: deposit XRP holdings into vaults, earn yield from borrower interest.
What this means for XRPL’s competitive position The institutional DeFi space is not empty. Ethereum has a substantial head start in DeFi infrastructure, and networks like Avalanche and Polygon have also made dedicated pushes toward institutional adoption. What XRPL is betting on is that compliance-native infrastructure, meaning a ledger where permissioned access and credential verification are built into the base layer rather than bolted on top, will matter more to regulated institutions than raw liquidity depth.
The Halborn re-audit is part of that story. Institutional risk teams want documented security reviews before they allocate, and XRPL has now cleared that bar for the lending layer.
For XRP as an asset, the lending protocol introduces a new demand variable. Vault deposits denominated in XRP create holding incentives that go beyond simple speculation. If institutions are depositing XRP to earn yield, that represents a category of demand that is less sensitive to short-term price volatility and more tied to the protocol’s utilization rate.
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The XRP Ledger ecosystem continues to roll out large-scale infrastructure for institutional money. The new phase came as the XRP Ledger Foundation (XRPLF) announced a partnership with fintech platform VS1 Finance to create an open-source reference app.
Its task is to give developers a ready-made legal framework for launching permissioned lending on the XRP Ledger blockchain. The mission is simple enough — to offer a specific technical solution for businesses that need clear compliance in order to access credit on-chain.
Why the app relies on XRPL architecture over smart contractsThe announcement of the new partnership came just days after VS1 Finance joined Ripple's UDAX accelerator on June 25, a program focused on developing on-chain capital markets.
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The XRP Ledger Foundation is partnering with @vs1_finance to build an open-source reference app for permissioned, compliant lending on the XRP Ledger.
The app leverages the native primitives: Credentials, Permissioned Domains, Single Asset Vaults, and the Lending Protocol. pic.twitter.com/thbXFABtH2
— XRP Ledger Foundation (@XRPLF) June 29, 2026 The main feature of the project is its rejection of external add-ons. Instead of using external smart contracts, which are vulnerable to hacks, the app is built from native primitives embedded directly into the XRP Ledger protocol.
This approach removes the risk of bugs in third-party developer code, since the entire logic is verified at the network validator level:
Identification and access: Compliance, including KYC/AML, is implemented through the built-in Credentials and Permissioned Domains modules. This makes it possible to isolate liquidity pools and allow access only to verified counterparties. Large funds receive a guarantee that their capital will not be mixed with assets of unknown origin.Liquidity management: Fixed-term lending and asset allocation are automated through Single Asset Vaults and the system-level Lending Protocol. The mechanics work without traditional intermediaries, while preserving the credit risk parameters familiar to banks.The partners, XRPL Foundation and VS1 Finance, are not creating an isolated commercial product. Instead, they are releasing an open-source project, which means any team or financial institution will be able to fork, study, or expand this code for integration into their own services.
For the market, this means the emergence of a free and legally clean framework that reduces the cost of building on XRPL from scratch.
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VS1 Finance notes that permissioned lending is a necessary tool for attracting large capital into XRP, while the open template will help accelerate its adoption. The software development coincides with VS1 Finance's own preparation to issue tokenized corporate bonds within the regulatory sandbox of the National Bank of Georgia.
In this context, experience working with a real banking regulator is transferred directly into the architecture of the application being created.
XRP Ripple CEO Brad Garlinghouse told CNBC on June 26 that Ripple now processes approximately $16 trillion in annual payments and clearing activity across its acquired businesses, and that digital assets, including XRP, account for “close to zero percent” of that volume.
That gap is either the most compelling institutional payments story in crypto or one of the most misread setups in the market right now, depending on which numbers you trust.
This commentary from Garlinghouse came as XRP opened the week down around -1% and is currently trading for $1.04, worrying close to the long-standing $1 support zone, which, if lost, could see a freefall toward $0.80.
Brad Garlinghouse on CNBC: The long-term value of digital assets comes from utility, not financial engineering.
That utility is showing up in the numbers.$XRP On-Demand Liquidity processed $1.2B in Q1 2026, up 45% YoY, highlighting growing real-world cross-border adoption on…
— XRP Update (@XrpUdate) June 27, 2026
The $16 Trillion Gap and What It Actually Means Garlinghouse framed the figure as an opportunity, not a failure. “How do we bring traditional finance into the modern architecture of blockchain?” he said, adding that through acquisitions, “we have a tremendous opportunity to bring that in.” The $16 trillion covers payments and clearing throughput across businesses Ripple has acquired; it is not a pipeline of pending XRP transactions.
That distinction matters. In an April 2026 Fox Business interview tied to the GTreasury acquisition, Garlinghouse cited a similar $13 trillion figure and projected that around 30% of that volume could migrate to blockchain rails within five years. Even a 1% migration at sustained velocity would represent volumes orders of magnitude beyond current on-chain settlement activity.
Ripple has been building the infrastructure to handle that shift. Real-world examples of Ripple’s payment infrastructure already span multiple corridors, and the XRP Ledger now hosts live stablecoin deployments.
Ripple and Bitso are running both MXNB and RLUSD on the XRP Ledger for US–Mexico dollar-peso liquidity. Bitso supports more than 10 million users and over 2,000 institutional clients on that corridor alone.
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The XRP Ripple 100x Math Is Hard to Parse
The “XRP 100x” framing circulating across YouTube and X originates from third-party content creators, not from Garlinghouse or Ripple directly. Garlinghouse has consistently declined to issue numerical price targets.
The most cited institutional XRP price prediction comes from Standard Chartered analysts, who projected XRP at $8 in 2026 and $12.50 by 2028, per CNBC coverage, meaningful upside from current levels, but nowhere near a 100x move.
A 100x from present prices would require a market capitalization that would rank XRP among the largest financial assets on earth. That is not impossible in a multi-decade horizon, but it requires assuming XRP becomes the dominant settlement asset across Ripple’s entire institutional stack, a scenario that competes directly with RLUSD and other stablecoins that may capture transaction value without requiring XRP as the bridge asset at all.
Ripple itself is targeting a $1Bn annual revenue run rate by end-2026, explicitly excluding XRP holdings, according to Yahoo Finance. That signals the business model is built on infrastructure fees, custody, settlement, treasury services, not on XRP price appreciation.
XRP ETF inflows and price performance data reflect that disconnect: institutional interest has grown without a corresponding price breakout, precisely because adoption of the rails does not automatically translate into demand for the token.
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Bull Case, Base Case, Bear Case for Crypto 2026 Few believed the potential back then, but it happened. On the flip side for $XRP, we have entered historical oversold levels on several indicators. The reset is much closer to being over than just beginning. Signals are now flashing. We are closing in. Thank you @MoonLamboio 🤝🏻 pic.twitter.com/qcNdkidOvR
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 28, 2026
Bull case: Ripple converts even 5–10% of its $16 trillion payment base onto XRP Ledger settlement rails, CME derivatives deepen institutional liquidity, RLUSD on XRPL drives sustained bridge-asset demand for XRP, and regulatory clarity post-SEC case resolution accelerates bank adoption. XRP re-rates toward Standard Chartered’s $8–$12.50 range and beyond.
Base case: Ripple hits its $1 billion revenue target through infrastructure fees. RLUSD and MXNB handle the stablecoin settlement layer. XRP retains utility as a bridge asset in corridors where speed and cost matter, but token price tracks modest volume growth rather than exponential adoption. Crypto 2026 sees XRP trade in line with broader market sentiment.
Bear case: Stablecoins capture the visible settlement value on the XRP Ledger without requiring XRP as an intermediary. The $16 trillion figure stays largely off-chain. Price stagnates as enterprise adoption of Ripple’s infrastructure grows without a corresponding increase in token demand.
Ripple Swell 2026, expected to draw more than 1,500 attendees, 75+ speakers, and 50+ sessions, will be the next major test of whether the blockchain settlement narrative translates into committed institutional volume.
The infrastructure case for institutional payments on the XRP Ledger is the most credible it has ever been. The 100x case requires several additional dominoes to fall in sequence, and Garlinghouse himself has not promised they will.
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Bitcoin crossed back above $60,000 on June 29 as the final hours of the worst monthly candle of the 2026 correction cycle play out with an unexpected positive: the Fear & Greed Index dropped to 12 — a new absolute cycle low in sentiment — while price simultaneously pushed above the key $60,000 level. That divergence between deepening fear and recovering price is the most significant macro signal of the day. Total crypto market cap sits near $2.12 trillion. Volume is elevated across the board, with BTC up 52% and ETH up 29% on the prior session.
Key Takeaways BTC $60,190 (+0.16%), reclaiming $60,000 ahead of June 30 UTC midnight monthly close Fear & Greed Index at 12 (Extreme Fear) — new absolute cycle low; yesterday 18, last week 20, last month 23 Sentiment making new lows while BTC makes higher lows — textbook divergence signal SOL +1.26% leads large-cap recovery; XRP +0.32% first green day in four sessions ETH –0.01% flat, BNB –0.81%, TRX –0.38% — mixed picture DOGE –13.39% weekly — worst 7-day performer in top 10 by significant margin BTC 4H MA(7) $59,881 — price $309 above it; first time BTC has held above MA(7) since June breakdown June monthly close in hours: BTC needs to hold $60,000+ to shift the narrative into July Crypto Market Snapshot — June 29, 2026 AssetPrice1h24h7dMarket CapVolume (24h)Bitcoin (BTC)$60,350+0.68%+0.16%–6.71%$1.21T$22.24BEthereum (ETH)$1,579+0.34%–0.01%–10.55%$190.65B$8.02BTether (USDT)$0.9984+0.01%0.00%–0.05%$186.04B$50.15BBNB$551.67–0.25%–0.81%–7.67%$74.35B$1.01BUSDC$0.99950.00%0.00%–0.02%$73.72B$9.07BXRP$1.05+0.38%+0.32%–8.07%$65.61B$1.46BSolana (SOL)$72.67–0.47%+1.26%–1.87%$42.2B$2.52BTRON (TRX)$0.3219–0.35%–0.38%–2.80%$30.53B$560.11MHyperliquid (HYPE)$63.53+0.10%+0.65%–6.57%$16.07B$384.03MDogecoin (DOGE)$0.07291+0.15%–1.04%–13.39%$11.29B$514.23M Fear & Greed at 12: The Most Important Number of the Day The Fear & Greed Index printing 12 on June 29 is the single most important data point in today’s market — not because of what it tells you about current conditions, but because of what it has historically signalled about what comes next.
The trajectory over the past 30 days: last month 23, last week 20, yesterday 18, today 12. Every reading has been in Extreme Fear. The index has now been below 20 for multiple consecutive days — a condition that in prior cycles (2018 bottom, March 2020 COVID crash, November 2022 FTX bottom) preceded major recoveries within days to weeks. The 2022 bear market absolute bottom saw a reading of 6; today’s 12 is not that extreme, but the directional trend — rapidly falling sentiment while price is simultaneously recovering above $60,000 — is the divergence pattern that characterises exhaustion bottoms.
The divergence on June 29 is clean: Fear & Greed at a new cycle low of 12 while BTC trades at $60,190, above both the $59,130 May cycle low and the $58,115 June 26 intraday low. Price is making higher lows; sentiment is making lower lows. One of them is wrong. Historically, price leads sentiment out of cycle bottoms.
Bitcoin: Above $60,000 Into the Monthly Close Bitcoin reclaimed $60,000 in the afternoon session on June 29 and is currently trading at $60,190 — up 0.16% on the day and holding above the 4H MA(7) at $59,881 for the first time since the June breakdown. The 4H candle shows BTC opened at $59,956, hit a high of $60,202, dipped to $59,595, and recovered to close the 4H candle at $60,190 — a constructive structure with a higher low than the prior candle.
The June monthly close now looks like a Scenario 2 outcome: a close between $59,130 and $60,078 (MA(25)) that preserves the structural floor without confirming a recovery. If BTC can close the June 30 UTC midnight candle above $60,078, the monthly close would be the most bullish technical outcome possible given the June 26 capitulation — reclaiming the 4H MA(25) on a monthly closing basis. For daily BTC analysis, see our Bitcoin news today page.
Ethereum: Flat at $1,580, MA(7) and MA(25) Tight Again Ethereum is essentially flat at $1,580 on June 29 — down 0.01% — with the 4H MA(7) at $1,576 and MA(25) at $1,575 sitting within $1 of each other directly below price. Unlike the compression setups on June 27–28 that resolved lower, ETH is currently trading above both MAs — a marginal improvement. MA(99) at $1,680 remains $100 above current price, reflecting the full extent of the June selloff.
ETH’s 7-day loss of 10.55% is the worst among top-8 assets, making it the biggest relative underperformer of the correction week. The Glamsterdam upgrade targeting Q3 2026 mainnet, BitMine’s 5.67 million ETH embedded in Russell 1000 passive funds, and the Ethereum Foundation’s 40% spending cut remain the three structural support pillars heading into July.
Solana: Best Large-Cap Performer, Above All Three MAs Solana is the standout on June 29 — up 1.26% to $72.95 with the 4H chart showing price above MA(7) at $72.15, MA(25) at $70.98, and MA(99) at $70.99. SOL is the only large-cap asset with a bullish 4H MA alignment entering the June monthly close. The 7-day loss of just 1.87% confirms SOL’s relative resilience since the $64.04 cycle low on June 26 — it has recovered faster and held better than Bitcoin, Ethereum, or XRP.
SOL’s 100-billion lifetime transaction milestone crossed on June 26 and the Alpenglow upgrade targeting Q3 2026 mainnet — 150ms finality — remain the primary fundamental catalysts. The combination of bullish MA structure, above-average recovery speed from cycle lows, and strong fundamental pipeline makes SOL the highest-quality technical setup in the large-cap space entering July.
XRP: First Green 24H in Four Sessions XRP printed +0.32% on June 29 — the first positive 24-hour session since the June 25 pre-capitulation high. The 4H chart shows price at $1.057 above MA(7) at $1.0509 and MA(25) at $1.0491 — the same bullish MA reclaim pattern that appeared briefly on June 27 before fading. MA(99) at $1.1261 remains significant overhead resistance.
The June 29 green candle matters more symbolically than technically: XRP’s 7-day loss of 8.07% and monthly loss of roughly 18% reflect the scale of the correction, and a 0.32% recovery does not reverse that. What it does confirm is that the $1.0092 cycle low from June 26 has now held across four consecutive sessions — and that each session above $1.00 strengthens the psychological floor. The CLARITY Act remains at 48% on Polymarket; a Senate floor vote scheduling announcement remains the primary XRP catalyst for July.
BNB: Slipping Below $555 BNB is down 0.81% to $554.40 on June 29 — the weakest large-cap performer of the day alongside TRX. The 4H chart shows price below MA(7) at $552.73 but above MA(25) at $559.12 — wait, the current price of $554.40 is actually between MA(7) at $552.73 below and MA(25) at $559.12 above, confirming a compressed bearish structure. BNB’s 7-day loss of 7.67% places it in the middle of the correction pack. The $540.60 June 26 cycle low held, and the $552–$555 range is the near-term base.
TRON: Defensive Position Maintained TRX is down 0.38% to $0.3224 — a small loss on a day when several assets are recovering. The 4H chart shows all three MAs compressed within $0.001 of each other: MA(7) $0.3227, MA(25) $0.3221, MA(99) $0.3230 — an even tighter triple convergence than the double-MA setup seen on June 28. TRX’s 7-day loss of just 2.80% remains one of the best performances in the top 10, reflecting its utility-driven demand base from USDT settlement volume. MiCA enforcement began July 1 — the structural volume catalyst for TRON-based stablecoin flows from non-compliant European platforms.
Dogecoin: Worst Weekly Performer at –13.39% DOGE is down 13.39% over 7 days and 1.04% on the day to $0.07291 — the worst weekly performance in the top 10 by a significant margin, nearly double Ethereum’s –10.55% weekly loss. With no utility catalyst or fundamental development, DOGE is a pure sentiment indicator: at Fear & Greed 12, meme assets absorb the maximum sentiment discount. DOGE’s recovery, when it comes, will likely be the fastest in the top 10 — precisely because sentiment-driven assets move furthest in both directions.
Hyperliquid: Holding $63 Despite Market Pressure Hyperliquid (HYPE) at $63.53 — up 0.65% on the day — continues to demonstrate relative strength at #9 by market cap with $16.07 billion. The on-chain perpetuals exchange has maintained record volumes through the June correction, and the 7-day loss of 6.57% is better than most top-10 assets. HYPE above $60 on a day when Fear & Greed prints 12 is a meaningful signal about the depth of fundamental demand for the asset.
The June 30 Monthly Close: What July Inherits The monthly close arriving at UTC midnight tonight will set the technical framework for July positioning across every asset. Three scenarios remain in play:
For Bitcoin: a close above $60,000 into July is the most constructive possible outcome given the June 26 capitulation. Current price at $60,190 makes this the base case.
For Ethereum: a close above $1,575 (MA(7)) would confirm the double-MA compression resolved to the upside. Currently trading at $1,580 — marginally constructive.
For XRP: a close above $1.05 would be the first month-end close above that level since May. Currently at $1.057 — possible.
For Solana: a close above $72 with bullish MA alignment would make SOL the strongest technical setup entering July among all large-cap assets. Currently at $72.95.
The catalysts for July are clear: CLARITY Act Senate floor vote timing, Fed speaker commentary, and any development on the American Reserve Modernization Act. A Fear & Greed Index at 12 entering July means the positioning bar for a sentiment reversal is extremely low.
Today’s Market in One Paragraph June 29 closes with a contradiction that defines the current cycle: Fear & Greed at 12 — its lowest reading since the correction began — while Bitcoin trades at $60,190, Solana holds a bullish 4H MA alignment, and XRP prints its first green session in four days. Sentiment is maximally compressed; price is holding or recovering. The June 30 monthly close in hours will either confirm this divergence as a bottom signal or resolve it lower if selling resumes into the close. The week ahead brings the CLARITY Act’s most important legislative window of 2026 — the August recess deadline creates urgency that has not existed in any prior week of the correction.
Key Takeaways YoungHoon Kim, holder of the world’s highest verified IQ score (276), declared that the XRP Supercycle has only just commenced Three concurrent indicators have emerged: TD Sequential “9” buy formation, Morning Star Doji reversal pattern, and dramatic spike in daily active addresses XRP Ledger daily active addresses surged from approximately 23,000 to nearly 39,500 within a two-week period Kim’s earlier forecast projects XRP reaching $5–$10 during this market cycle; achieving $10 would represent a 646%+ increase from current levels Single-day XRP ETF inflows reached $11.88 million in May, contributing to cumulative 2026 net inflows of approximately $1.42 billion XRP currently trades around $1.05 following a convergence of technical indicators and a prominent market prediction that has refocused attention on the digital asset. A trio of signals has materialized simultaneously, capturing interest from traders monitoring both price charts and blockchain metrics.
XRP Price YoungHoon Kim, who holds the verified world record for highest IQ score at 276, announced on X that the XRP Supercycle is merely in its initial phase. The statement rapidly circulated throughout cryptocurrency forums and rekindled debate surrounding XRP’s potential long-term valuation.
Kim had earlier established a price projection between $5 and $10 for XRP during this market cycle. From present levels around $1.05, ascending to $5 would necessitate approximately a 376% appreciation. Climbing to $10 would translate to roughly an 852% surge.
Not all market participants embrace Kim’s perspective. Multiple X users challenged his viewpoint, highlighting that his earlier XRP forecasts failed to materialize. Additional critics questioned both his authority and the foundation supporting his $10 projection.
XRP remains approximately 67% below its July 2025 all-time peak of $3.66. That substantial distance renders the higher boundary of Kim’s target an ambitious objective from current trading levels.
Convergence of Three Technical Indicators Market analyst Ali Charts identified that the Tom DeMark Sequential indicator generated a “9” buy formation on XRP’s daily timeframe. This signal typically emerges near downtrend exhaustion points and may precede brief price rebounds spanning one to four trading sessions.
XRP: TWO BULLISH SIGNALS
XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.
1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT
— Ali Charts (@alicharts) June 27, 2026
A Morning Star Doji reversal formation also materialized over three consecutive sessions within the $1.02 to $1.07 support range. This candlestick configuration suggests a possible near-term price floor.
The third indicator originates from blockchain data. Daily active addresses on the XRP Ledger climbed from approximately 23,000 on June 14 to nearly 39,500 recently, indicating genuine network engagement beyond purely speculative trading.
Market analyst ChartNerdTA observed that XRP’s cyclical peaks have traditionally occurred at three to five-year intervals. Should a cycle trough establish during 2026, the subsequent potential peak might materialize between 2028 and 2030.
Investment Product Flows and Market Metrics XRP’s total market capitalization continues exceeding $65 billion, per CoinGecko data. Institutional appetite has remained consistent, with XRP-linked ETF products attracting $11.88 million during a single trading session on May 29.
Aggregate net inflows into XRP investment vehicles achieved approximately $1.42 billion throughout 2026, representing the most robust ETF capital influx period the token has experienced to date.
For near-term upward momentum confirmation, market analysts indicate XRP requires persistent buying pressure and a decisive breach above the $1.30 resistance threshold.
XRP is trading at $1.04, down 1.38% over the past 24 hours, with price action remaining flat as the market waits for the US stock market to reopen.
On the weekly timeframe, the longer-term trend remains technically bearish. No confirmed bottom or reversal signal has emerged yet from the larger bearish structure. However, XRP has a well-established support zone between $0.90 and $1.00, and the recent bounce came from almost exactly $1, which is an encouraging sign for bulls. On the upside, strong resistance is expected around $1.13, a level traders will be watching closely if any recovery attempt develops.
Daily Chart Shows Exhaustion, Not Reversal
On the daily chart, the past two days have produced extremely small candle bodies, reflecting very little directional conviction in either direction. This kind of flat price action is actually one of the most common outcomes following a bullish divergence, which is the technical signal currently present on XRP’s chart.
A bullish divergence does not mean a big rally is coming. What it does mean is that the sellers are losing momentum and running out of energy. The bearish pressure that dominated recent weeks is showing signs of fatigue, producing sideways movement rather than continued sharp drops.
What to Watch Next
The bullish divergence has not yet been confirmed with a strong green candle, meaning it could still be invalidated. One scenario to watch is another dip in the RSI that still holds above the early June low, which would reconfirm the divergence signal and keep the setup intact.
Until the US stock market opens and provides directional cues, XRP is expected to remain in neutral territory with little movement in either direction.
Story Ends Here
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Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are showing early signs of stabilization on Monday after a correction of nearly 6%, 8% and 7%, respectively, over the previous week. BTC reclaims $60,000, ETH is holding firmly above the critical $1,500 support level, while XRP is also attempting to stabilize around the key $1.00 psychological level. The price action of these top three cryptocurrencies is raising hopes of a short-term recovery after massive corrections.
Bitcoin's mild recovery after a sharp correctionBitcoin price recovers slightly, trading above $60,000, after losing over 6% in the previous week. However, BTC is maintaining a bearish bias as price remains below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) at $66,971, $70,592, and $76,516, respectively.
The Moving Average Convergence Divergence (MACD) indicator hovers near the zero line with a marginally negative reading, while the Relative Strength Index (RSI) at 33 sits just above oversold territory, hinting at fading bearish momentum but not yet signaling a decisive recovery.
On the topside, initial resistance emerges at the horizontal barrier around $64,004, ahead of the 50-day EMA at $66,971 and the 100-day EMA at $70,591, which collectively cap the upside and reinforce the broader downbeat structure. Further up, the 200-day EMA at $76,516 and the prior horizontal level at $84,410 form a wider resistance band that would need to be cleared for the medium-term outlook to shift back to bullish. The absence of nearby defined support leaves the pair vulnerable to further downside probes if selling pressure resumes.
Ethereum could rebound if the $1,500 support holdsEthereum price trades at $1,585 on Monday, finding support around the key $1,500 support zone. However, ETH is maintaining a bearish bias, with price remaining well below the 50-, 100-, and 200-day EMAs at $1,833, $2,010, and $2,290, respectively. ETH is attempting to stabilize after the recent slide, with the RSI ticking up to 33, just above oversold territory. At the same time, the MACD has turned marginally positive, hinting at fading downside momentum rather than a decisive bullish reversal.
On the topside, initial resistance emerges at the 50-day EMA near $1,833, ahead of the horizontal barrier at $2,000 and the 100-day EMA at $2,010, with the 200-day EMA at $2,290 reinforcing a broader cap on recovery attempts.
On the downside, the next meaningful support is seen at the $1,500 key psychological level, followed by the previously identified horizontal level around $1,385.00, where buyers could attempt to defend the medium-term floor if selling pressure resumes.
XRP steadies at key $1 markXRP price trades at $1.0542, maintaining a clear bearish bias as it sits well below the 50-, 100-, and 200-day EMAs at $1.2060, $1.3123, and $1.5231, respectively. Price also holds below the downward parallel channel reference at $1.1879 and the horizontal cap at $1.3000, reinforcing a technically capped structure. The RSI at 33 stays in weak territory just above oversold, while the MACD remains slightly negative, both indicators hinting that bearish momentum persists, albeit without a fresh acceleration.
On the topside, initial resistance is seen at the parallel channel level around $1.1879, followed by the nearby horizontal barrier at $1.3000 and the 50-day EMA at $1.2060. Additional supply is clustered higher at the 100-day EMA at $1.3123 and the 200-day EMA at $1.5231. A more distant structural ceiling emerges at the horizontal line near $1.9000.
On the downside, the next meaningful support is seen at the $1.000 key psychological level. Below this level, renewed selling could leave XRP vulnerable to further downside extension until new demand zones emerge on the chart.
(The technical analysis of this story was written with the help of an AI tool.)
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.
Leading cryptocurrencies traded in the red overnight on Sunday as renewed U.S.–Iran confrontations threatened a fragile ceasefire.
Crypto Market In Deep SlumberBitcoin attempted a breakout above $60,000, only to encounter sharp selling pressure that drove it below $59,000. Ethereum meandered in the $1,500 region, while trading volume rose 10% over the last 24 hours. XRP and Dogecoin traded in the red.
Over $180 million was liquidated from the cryptocurrency market in the last 24 hours, overwhelmingly from longs, according to Coinglass data
Bitcoin’s open interest fell 0.69% over the last 24 hours. Smart money sentiment remained "extremely bearish," but traders on Binance, both retail and whales, increased their long exposure.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.02 trillion, following a decline of 3.38% over the last 24 hours.
Stocks Rally On Hopes Of De-escalationStock futures ticked higher overnight on Sunday. The Dow Jones Industrial Average Futures jumped 147 points, or 0.29%, as of 8:45 p.m. EDT. Futures tied to the S&P 500 climbed 0.40%, while Nasdaq 100 Futures gained 0.19%.
Tensions escalated during the weekend after the U.S. and Iran exchanged fire following an alleged ceasefire violation in the Strait of Hormuz.
Later, a Trump administration official reportedly said that the two sides will “stand down for now” and let vessels move freely in the critical oil shipping point.
‘Pretty Interesting Signal’Popular cryptocurrency commentator Michaël van de Poppe speculated on Bitcoin’s moves once it breaks back above $61,000.
“It would strengthen the thesis of the bullish divergence, and the markets can target the $65,000 resistance [and old support of the range] as the next target zone,” the analyst said. “The fact that the markets aren’t falling deeper with all the panic and fear combined is actually a pretty interesting signal.”
Ali Martinez, a widely followed cryptocurrency analyst and trader, said that heavy selling by whales, roughly $880 million over the past week, pushed Ethereum below its key support at $1,633
“If this distribution trend continues into next week, the next high-volume demand targets for ETH sit much lower at $1,237 and $1,089,” Martinez said.
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In the cryptocurrency market, most major assets are maintaining a weak technical outlook as pressure continues on XRP, SHIB, and Bitcoin. Despite attempts at short-term rebounds, the overall downward trend remains dominant for many leading coins. However, Solana is distinguishing itself with greater resilience following the recent corrections, outpacing its peers with a more stable chart.
Technical weakness dominates XRP and SHIBXRP, which spent months flatlining between $1.30 and $1.50, has broken down below this range, accelerating its decline. This break confirms a bearish continuation pattern, bringing prices perilously close to the psychologically significant $1.00 support. Technical indicators show that XRP remains under intense selling, with prices well below the 50, 100, and 200 day moving averages.
The critical level to watch for XRP is the $1.00 threshold. A decisive drop below this support could unleash a fresh wave of selling.
The relative strength index (RSI) has dropped to 32, edging near the oversold territory. While this may suggest the pace of the downturn could slow, it’s generally insufficient on its own to signal a lasting bottom amid such strong bearish momentum. Should buyers hold the $1.00 area, a recovery toward the $1.14–$1.15 band, where the 50 day exponential moving average lies, could materialize.
SHIB exhibits a similarly bearish pattern, recently breaking below a rising wedge formation. This setup typically signals further downward moves, and SHIB has failed to show any meaningful recovery since. Like XRP, SHIB is trading below all main moving averages and remains near its recent local lows.
The 50 day EMA continues to act as dynamic resistance for SHIB, and recent bounce attempts have not seen a convincing rise in trading volume. This hints that buyers have yet to assert real power. The RSI has dropped sharply to 21, deeply into oversold territory. Still, overall momentum remains with the sellers.
Bitcoin grapples to hold its support regionBitcoin is struggling to stay above the $60,000 level, remaining under intense pressure. The crucial uptrend line that fueled the market’s April and May rebound has now been broken, signaling that the medium-term bullish structure has given way to renewed bearish control. The 50, 100, and 200 day moving averages all sit well above current price levels, reinforcing this negative outlook.
The most critical support for Bitcoin lies between $58,000 and $60,000. Losing this zone could spark a surge in forced liquidations.
Increasing volumes during the recent correction phase point to direct selling pressure, rather than simply a lack of buying. Bitcoin’s RSI hovers near 32, suggesting a short-term rebound may be possible. However, unless prices reclaim the 50 day EMA around $64,000, the primary trend remains challenged.
AssetCritical supportInitial resistanceRSIXRP$1.00$1.14 to $1.1532Bitcoin$58,000 to $60,000Around $64,00032Solana$63 to $65$72 then around $7749Solana stands out with relative strengthIn contrast, Solana is displaying more resilience compared to Bitcoin. Following a steep pullback at the start of June, buyers stepped in forcefully at the $63 to $65 support, helping the price remain above regional lows. The long-term structure is not yet entirely bullish, as SOL also trades under all major moving averages.
However, Solana’s price is now stabilizing near the 50 day EMA around $72 and forming higher lows. This divergence is seen as a positive signal, especially as most other top cryptocurrencies are hitting new local lows. The RSI has climbed back up to 49, suggesting selling pressure has notably subsided.
Solana’s attempted recoveries have translated into rising trading volumes, a sign of strengthening buyer interest. In the short term, holding $72 as support will be critical. Success there could see a move towards the 100 day moving average near $77. If Solana fails to maintain its current level, the $63 support will once again come into focus.
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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With price action still adhering to a distinct bearish structure, XRP is still among the market's weakest large-cap assets. XRP broke below the range and accelerated lower after consolidating between about $1.30 and $1.50 for several months. The asset was driven toward the psychologically significant $1.00 support level by the breakdown, which validated a bearish continuation pattern.
The 50-day, 100-day, and 200-day moving averages of XRP are all technically above its current price, reflecting a downward slope. Usually, this alignment means that sellers are still in complete control. The RSI is getting close to oversold territory at 32, indicating that the short-term downside momentum may be running out. However, during severe downtrends, oversold conditions by themselves seldom indicate a bottom.
XRP/USDT Chart by TradingViewThe crucial level to keep an eye on is $1.00. Another wave of selling could be sparked by a clear break below it, opening the door to lower support zones. On the other hand, XRP might experience a relief rally toward the 50-day EMA at $1.14-$1.15 if buyers are able to hold this area. Until the asset regains significant moving averages, the trend remains negative.
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Shiba Inu forms a breakdown SHIB is displaying a quite similar structure. Recently, the asset broke out of a rising wedge formation, which frequently precedes bearish continuation moves. SHIB has not established a significant recovery since the breakdown and is still trading close to local lows. SHIB is still below all of the major moving averages, just like XRP.
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The 50-day EMA is preventing buyers from creating long-term momentum by acting as dynamic resistance. Recent attempts at a bounce have not seen a significant increase in volume, suggesting that bulls are not very confident. SHIB is firmly in oversold territory as the RSI has dropped toward 21.
The overall trend still favors sellers, even though this increases the likelihood of a short-term recovery. The recently broken wedge structure and the 50-day moving average are likely to present obstacles for any recovery attempt.
The current move appears to be more of a continuation of the larger downtrend than the start of a true reversal unless SHIB can recover those levels.
Pressure on Bitcoin remainsDespite its efforts to stabilize above the $60,000 mark, Bitcoin is still under significant pressure. The medium-term bullish structure was effectively terminated and a return to bearish control was confirmed when the asset broke away from an ascending trendline that had sustained the recovery rally from April to May.
The 50-day, 100-day, and 200-day moving averages of Bitcoin are all significantly above the current price on the chart. The market has lost a lot of momentum during the most recent correction, as evidenced by the 200-day moving average near $76,000 becoming a distant resistance level. Additionally, recent attempts at a bounce have not been successful in regaining the 50-day EMA, indicating that sellers still control every relief rally. At 32, the RSI is getting close to oversold territory.
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Although this might encourage a temporary recovery, the overall trend is still negative. Crucially, volume increased throughout the sell-off, suggesting true distribution as opposed to just a lack of buyers. The $58,000-$60,000 support zone is a crucial level to keep an eye on.
Another wave of liquidation pressure could hit the market if Bitcoin loses this area. On the other hand, the first sign that the bearish momentum is starting to wane would be a rebound above the 50-day EMA around $64,000. Until then, sellers continue to have the upper hand and Bitcoin remains stuck in a downtrend.
Solana's breakout potential Solana is showing remarkable resilience in contrast to Bitcoin. Even though SOL saw a significant drop earlier in June, buyers intervened forcefully near the $63-$65 support range, keeping the asset above regional lows.
Technically, SOL is still below its major moving averages, indicating that the long-term trend is still negative. The asset has started to consolidate around the 50-day EMA at $72, and it recently produced a higher low. Many large-cap cryptocurrencies, on the other hand, continue to set new lows. After a period of oversold conditions, the RSI has recovered toward 49, returning to neutral territory.
SOL/USDT Chart by TradingViewThis suggests that selling pressure has significantly decreased. During recent recovery attempts, volume has also increased, indicating real buyer involvement. Regaining the 50-day EMA and establishing support above $72 is the bulls' immediate challenge. A move toward the 100-day moving average near $77 is more likely if that happens.
In the event that current levels are not maintained, the $63 support zone would become more prominent. Even though there is currently no proof of a complete trend reversal, SOL remains one of the more promising assets among the major cryptocurrencies.
For most of 2026, the CLARITY Act has been XRP’s one great catalyst, the bill that would write its commodity status into federal law. Now prediction markets put its 2026 passage at 42%, down from the low seventies, as a human-trafficking backlash, a banking-lobby fight, and a closing legislative window collide. Here is what the falling odds actually mean for XRP.
Summary
Prediction markets now price the CLARITY Act’s chances of becoming law in 2026 at around 42%, down sharply from highs near 73% earlier in the year. The bill would codify XRP’s classification as a digital commodity into federal statute, the catalyst analysts say could unlock billions in institutional ETF demand. The odds fell as an anti-trafficking coalition attacked a decentralized-finance provision, the banking lobby fought stablecoin rules, and the path to 60 Senate votes narrowed. The legislative window is closing fast: the White House targeted a July finish, the Senate Banking and Agriculture versions still need reconciling, and the August recess effectively ends the year’s chances. For XRP, passage could open a path toward analyst targets of several dollars, while failure or delay removes its one Ripple-specific catalyst and leaves it moving with Bitcoin. For most of 2026, XRP has had one great catalyst hanging over it, a single piece of legislation that holders have treated as the event capable of finally breaking the token out of its year-long range: the CLARITY Act, the crypto market-structure bill that would write XRP’s status as a digital commodity into federal law. For months the bill advanced, clearing the House, then a key Senate committee, and prediction markets priced its passage as increasingly likely, with odds climbing into the low seventies. That optimism has now reversed. As of late June, prediction-market data assigns roughly a 42% probability that the CLARITY Act becomes law in 2026, a sharp decline that reflects mounting trouble on several fronts at once.
A bill that looked, for a while, like it was on a glide path to the president’s desk now sits on a knife edge, and because XRP’s near-term thesis has been so tightly bound to it, the falling odds are a genuinely important development for anyone holding the token. The reason the odds matter so much is that the CLARITY Act is not just another crypto bill for XRP; it is the specific catalyst the market has been waiting on, the one event that could turn today’s favorable but fragile regulatory interpretation into durable statutory certainty. Spot XRP exchange-traded funds have launched and gathered over $1 billion, the token won legal clarity when its long battle with the securities regulator ended, and a later joint classification treated it as a digital commodity, but all of that rests on interpretive ground that a future administration could in principle reverse. The CLARITY Act would put XRP’s commodity status into actual law, removing the last layer of uncertainty that keeps large institutions on the sidelines, and analysts have projected that passage could unlock several billion dollars in additional ETF inflows.
This piece explains why the odds have fallen, the specific obstacles now in the bill’s path, the closing legislative window, and, most importantly, what each outcome, passage or failure, would actually mean for XRP’s price and prospects. The aim is to give holders a clear, grounded read on a catalyst that has become harder to handicap.
Why the odds fell The decline from the low seventies to the low forties did not come from a single event but from a convergence of problems that have collectively made passage look less certain. The most striking new obstacle is a backlash centered on a specific provision of the bill. According to a letter obtained by a Washington publication, the Alliance to End Human Trafficking, a Catholic-backed anti-trafficking organization, urged Senate leaders to revisit a decentralized-finance provision in the CLARITY Act, warning that it could weaken safeguards against illicit finance. The concern centers on Section 604 of the bill, which would codify the Blockchain Regulatory Certainty Act.
Under that provision, software developers who build decentralized blockchain applications would not be held responsible for crimes committed by users of those platforms and would not be treated as money transmitters. The anti-trafficking group warned that this language could open regulatory gaps that make it harder for authorities to detect and track financial activity tied to crimes such as human trafficking. This kind of opposition is politically potent in a way that technical crypto disputes are not, because it reframes the bill from a question of market structure into a question of whether Congress is weakening tools used to fight trafficking. That framing gives wavering lawmakers a powerful reason for caution.
It is not the only pressure. The banking lobby has been fighting provisions related to stablecoin yield and what it characterizes as insufficient bank-equivalent regulation for stablecoin issuers, with prominent banking figures vowing to challenge the bill on the floor, because the CLARITY Act’s framework directly threatens traditional finance’s competitive position in payments. Layered on top is the simple arithmetic of the Senate, where advancing major legislation requires 60 votes to overcome a filibuster. With the governing party holding 53 seats, the bill needs at least seven crossover votes from the opposition, a structurally harder problem than the committee votes it has already cleared.
Each of these pressures, the trafficking backlash, the banking fight, and the vote math, has chipped away at the perceived likelihood of passage, and together they explain why the market has repriced the odds so sharply downward. That is also why the politics around the bill now matter as much as the market-structure text itself. The policy framework may be close, but the votes still have to survive a crowded field of objections before the bill reaches the president’s desk.
The provision at the center of the fight It is worth dwelling on Section 604, because it has become the lightning rod, and understanding it clarifies why the bill suddenly looks more vulnerable. The provision would codify into law a principle that the crypto industry considers foundational: that developers who write the code for decentralized applications should not be treated as money transmitters and should not be held criminally liable for what users do with their software, in the same way that the makers of a web browser or an email protocol are not liable for crimes committed using those tools. To the industry, this is a basic protection for open-source software development, without which building decentralized systems in the U.S. becomes legally perilous. It is one of the reasons crypto firms have pushed so hard for the bill.
To critics, the same provision looks like a loophole. The anti-trafficking coalition’s argument is that by shielding decentralized-finance developers from money-transmitter obligations, the language could remove a layer of monitoring and accountability that helps authorities trace illicit funds, including money tied to human trafficking and other serious crimes. The dispute is, at its core, a genuine and difficult policy tension between two legitimate goals: protecting software developers and open innovation on one side, and preserving law-enforcement tools against financial crime on the other. That tension is precisely what makes the provision such an effective pressure point, because it cannot be dismissed as mere industry lobbying or partisan obstruction; it pits real concerns against each other.
For the bill’s prospects, the significance is that Section 604 gives opponents a substantive, morally weighted objection to rally around, and gives undecided senators a defensible reason to demand changes or withhold support. That is exactly the kind of friction that can stall legislation when the calendar is tight and the vote margin is thin. The bill does not only need supporters who like digital-asset clarity; it needs senators who are comfortable defending the developer-shield language under pressure from law-enforcement and anti-trafficking groups. That is a harder political task than simply explaining why tokens need a market-structure framework.
The legislative window is closing Even setting aside the substantive fights, the CLARITY Act faces a brutal constraint that may matter more than any single objection: time. The legislative calendar for passing a controversial bill in 2026 is narrow and closing. The White House pushed for a finish around the July 4 holiday, a target that officials themselves conceded was tight, and the harder deadline is the August recess, after which campaigning for the autumn elections begins in earnest and the Senate’s floor schedule effectively closes to contested votes. Any realistic path to passage this year therefore runs through a small number of remaining legislative days, and every additional dispute consumes some of that dwindling supply.
Compounding the time pressure is a procedural step that the headline timeline often obscures: reconciliation between two Senate committees. The CLARITY Act’s framework splits jurisdiction over digital assets between the securities regulator and the commodities regulator, and because both the Senate Banking Committee and the Senate Agriculture Committee have claimed a stake, the Banking Committee’s version of the bill must be merged with the Agriculture Committee’s companion legislation before any floor vote can happen. That merger is not complete. The bill cleared the Banking Committee on a bipartisan vote in May and was placed on the Senate’s legislative calendar in early June, making it formally eligible for floor consideration, which is the closest it has ever been to becoming law.
But floor eligibility is not passage. To actually become law, the bill must still be reconciled across the two committees, survive a 60-vote floor vote, be reconciled again with the version the House passed, and then be signed by the president. Each of those steps takes time the calendar may not provide, and if the vote does not come before the recess, the political window that opened this opportunity may not reopen on the same terms. One senator who has championed the bill captured the stakes bluntly, saying they did not come this far to quit at the five-yard line, but the five-yard line in a closing window is exactly where bills die.
What passage would mean for XRP For XRP holders, the entire point of tracking the CLARITY Act is what its outcome would do to the token, so it is worth being specific about both scenarios, beginning with passage. If the bill becomes law and codifies XRP’s digital-commodity status into federal statute, the most important effect would be the removal of the last meaningful layer of regulatory uncertainty, which is the gatekeeper that has kept large institutions cautious. XRP already enjoys more regulatory clarity than almost any major token after its legal battle ended and the joint classification treated it as a commodity, but that clarity rests on interpretive releases rather than statute, and a statute is far more durable. With permanent legal footing, the institutional capital that has waited on the sidelines, pension funds, asset managers, and the like, would have the certainty it needs to allocate.
The clearest channel for that capital is the spot ETF complex. Analysts at a major bank have projected that passage and the resulting clarity could drive several billion dollars of additional inflows into XRP exchange-traded funds, on the order of three to six times what those funds have gathered since launching. Flows of that magnitude would represent a demand shock large enough to push XRP through the resistance levels that have capped it and toward higher targets, with mainstream analyst forecasts in a passage scenario clustering in the several-dollar range by year-end. The more bullish projections reach higher still if a second catalyst, such as Ripple securing a Federal Reserve master account, were to follow.
The important caveat is that some of this may already be partly priced in, because the market has watched the bill advance for months, so the real question is not whether clarity helps XRP but how much of the waiting money actually moves once passage is law versus how much already has. Still, the directional case is clear: passage would be a powerful, fundamentally positive catalyst for XRP, the event that could finally connect the token’s long-promised institutional thesis to actual demand. It would also sit alongside another XRP catalyst in the spotlight, where holders have been trying to separate company-level events from token-level value. In this case, unlike many Ripple corporate developments, the statutory classification would apply directly to the token.
What failure or delay would mean The other side of the ledger is just as consequential, and with the odds now below even, it deserves equal weight. If the CLARITY Act fails or stalls, whether by missing the legislative window, dying in the reconciliation process, or falling short of 60 votes on the floor, XRP would lose its one Ripple-specific catalyst, the single event distinguishing it from the rest of the market. In that scenario, XRP would likely revert to moving with Bitcoin rather than leading on its own regulatory story, surrendering the independent upside that the bill represented. The institutional flows that have supported XRP could reverse, the way weekly ETF inflows did earlier in the year when momentum faded, falling from over $200 million to a trickle within a month.
Without the statutory catalyst, Ripple’s institutional infrastructure would keep growing through stablecoins and fiat rails, but in a way that does not necessarily drive XRP token demand, leaving the familiar gap between corporate progress and token price intact. That is XRP’s other open question: whether Ripple’s wins translate into XRP demand, or whether stablecoins and company-level infrastructure capture most of the value. If the CLARITY Act fails, that question becomes even more important because the regulatory unlock would no longer be there to carry the near-term thesis. XRP would then need ETF flows, ledger usage, and broader crypto risk appetite to do the work instead.
The price implications of failure are meaningful. Analysts have suggested that in a no-bill scenario, XRP could slip back toward the lower end of its range, with some pointing to support around the $1.20 to $1.30 area and warning that a break of the key technical floor on a broader market sell-off could open a path toward materially lower levels with little support in between. A bank that projected large inflows on passage had already trimmed its XRP target on the assumption of a delayed bill rather than a failed one, illustrating how much of the token’s valuation has been riding on this single legislative outcome. That is why the price levels at stake matter: the legal catalyst and the technical chart are now feeding into each other.
The sharpest risk is not merely that the bill fails this year but that failure pushes it out of reach entirely, since a missed 2026 window could shelve the effort for years if the political configuration that enabled it does not recur. For XRP, that would mean losing not just a near-term catalyst but the central pillar of its independent investment case, throwing the token back onto Bitcoin’s coattails and onto the slow, uncertain process of turning network usage into token demand without the regulatory unlock.
The priced-in problem A subtler issue complicates both scenarios and deserves its own attention, because it shapes how XRP might actually react to news: the question of how much of the CLARITY Act’s effect is already in the price. Markets are forward-looking, and the bill’s advance has been the most-watched regulatory story in crypto for the better part of a year, which means XRP’s current price already embeds some probability of passage. This creates a genuine puzzle for holders. If passage is partly priced in, then the actual event, should it come, might produce a smaller pop than the headline suggests, as the market has already bought the rumor and could sell the news.
Conversely, if the market has grown skeptical and priced the bill closer to the current 42% odds, then a clear passage could still surprise to the upside by forcing a repricing toward certainty. This is why XRP has traded in a range even as the bill progressed: each catalyst has been priced as a possibility instead of a fact, because a proof-of-concept settlement is priced as a proof of concept until it becomes recurring volume, an ETF is priced on the flows it actually attracts instead of the flows it might, and a legislative catalyst is priced on the probability of passage, which for the CLARITY Act has stayed well short of certainty. A token sitting on a stack of maybes trades like a token sitting on a stack of maybes: range-bound, reactive, and quick to sell the news. That is the practical problem facing XRP now.
The practical implication for holders is that the falling odds are informative in two directions. They lower the probability the market assigns to the positive catalyst, which is bearish, but they also mean that less of the good news is now priced in, which paradoxically increases the potential upside surprise if the bill does pass against the odds. The cleanest way to read XRP right now is as a token whose price reflects a market that has grown genuinely uncertain about its central catalyst. That makes both the downside of failure and the upside of surprise passage larger than they would be if the outcome were close to settled.
What holders should watch For an XRP holder trying to navigate a catalyst that has become harder to handicap, the analysis points to a focused set of signals worth tracking over the coming weeks. The first and most important is simply whether a floor vote gets scheduled before the August recess, because the closing window is the binding constraint, and the absence of a scheduled vote as the recess approaches would be a strong signal that 2026 passage is slipping away. The progress of the committee reconciliation between the Banking and Agriculture versions is a related early indicator, since the floor vote cannot happen until that merger is done. The second signal is the trajectory of the opposition, particularly whether the Section 604 trafficking objection gains traction with undecided senators or whether sponsors find a way to address it, because that fight has the potential to either stall the bill or, if resolved, clear a path.
The third thing to watch is the prediction-market odds themselves, which have proven to be a useful real-time gauge of the bill’s perceived chances and which will move as developments unfold; a recovery back toward the sixties or seventies would signal renewed momentum, while a further slide would confirm the pessimism. Alongside the legislative signals, holders should keep an eye on the observable market data that will register the outcome regardless of the politics: ETF flows, which would surge on passage and stall on failure, and XRP’s behavior around its key technical levels, particularly whether it holds the support that the bear case threatens. The stablecoin fight also matters because it is one of the pressure points inside the bill, and the stablecoin rules in the bill are part of why banks and crypto firms are fighting so hard over the final text.
The honest synthesis is that the CLARITY Act has gone from a likely catalyst to a genuine coin flip, and with it XRP’s near-term path has become a binary bet on a contested vote in a closing window. Passage would be a powerful positive catalyst capable of unlocking institutional demand; failure would strip XRP of its defining catalyst and throw it back onto Bitcoin’s movements. At 42% and falling, the market is telling holders that the outcome it once treated as probable is now anything but. The next few weeks of the legislative calendar are likely to decide which way XRP breaks.
Frequently asked questions What is the CLARITY Act and why does it matter for XRP? The CLARITY Act is a crypto market-structure bill that would codify the classification of tokens like XRP as digital commodities into federal law. For XRP, this matters enormously because the token’s current commodity status rests on interpretive regulatory releases instead of statute, which a future administration could in principle reverse. Writing that status into actual law would remove the last major source of regulatory uncertainty that keeps large institutions cautious, and analysts have projected that passage could unlock several billion dollars in additional XRP ETF inflows. It has been XRP’s single most important catalyst throughout 2026, which is why its odds of passing move the token.
Why did the CLARITY Act’s odds fall to 42%? The odds fell from highs near 73% because of several problems converging at once. An anti-trafficking coalition attacked Section 604 of the bill, a provision shielding decentralized-finance developers from money-transmitter obligations, warning it could weaken tools against illicit finance. The banking lobby has fought provisions on stablecoin yield and regulation, while the Senate math is hard because advancing the bill requires 60 votes, meaning at least seven crossover votes from the opposition. Combined with a closing legislative calendar, these pressures made passage look far less certain, and prediction markets repriced the probability sharply downward to around 42%.
What happens to XRP if the CLARITY Act passes? Passage would remove the last layer of regulatory uncertainty by writing XRP’s commodity status into durable federal law, giving cautious institutions the certainty they need to allocate. The clearest effect would flow through spot ETFs, with analysts projecting several billion dollars of additional inflows, three to six times what the funds have gathered so far. That demand could push XRP through its resistance levels toward analyst targets in the several-dollar range by year-end, with higher projections if a second catalyst like a Federal Reserve master account followed. The main caveat is that some of this may already be priced in, so the size of the reaction depends on how much waiting money actually moves.
What happens to XRP if the bill fails? Failure or delay would strip XRP of its one Ripple-specific catalyst, likely sending it back to moving with Bitcoin instead of leading on its own regulatory story. Institutional ETF flows could reverse, as they did earlier in the year when momentum faded, and analysts have suggested XRP could slip toward support around $1.20 to $1.30, with a break of its key floor on a broader sell-off opening a path to materially lower levels. The sharpest risk is that a missed 2026 window could shelve the effort for years. That would cost XRP not just a near-term catalyst but the central pillar of its independent investment case.
When is the deadline for the CLARITY Act? The practical deadline is the Senate’s August recess, after which election-year campaigning effectively closes the floor schedule to contested votes. The White House had pushed for a finish around the July 4 holiday, a target officials conceded was tight. Before any floor vote, the Senate Banking Committee’s version must be reconciled with the Senate Agriculture Committee’s companion bill, a merger that is not yet complete, and after a floor vote the bill would still need to be reconciled with the House-passed version and signed by the president. If the vote does not happen before the recess, 2026 passage becomes very unlikely.
Is the CLARITY Act’s effect already priced into XRP? Partly, which complicates how the token may react. The bill’s advance has been the most-watched regulatory story in crypto for nearly a year, so XRP’s price already embeds some probability of passage, which is part of why the token has stayed range-bound: each catalyst gets priced as a possibility instead of a fact. If passage is partly priced in, the actual event could produce a smaller move than expected. But with odds now down at 42%, less of the good news is currently priced in, which paradoxically increases the potential upside surprise if the bill passes against the odds, while also reflecting greater downside risk if it fails.
This article is information, not investment advice. Legislative timelines, prediction-market odds, prices, and analyst projections reflect reporting available as of June 28, 2026, and can change quickly. The status and prospects of the CLARITY Act are uncertain and contested. Nothing here is a recommendation to buy or sell XRP or any security. Verify current developments from primary sources and consider your own circumstances before making any decision.
California’s DFAL Clock Is Ticking: XRP Price Hanging in the Balance
Ahmed Barakat
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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California’s Digital Financial Assets Law will take effect on July 1. It requires any firm conducting digital asset business activity with state residents to hold a DFAL license, and have a completed application on file with the DFPI, or cease covered operations. Right now, as of public records, no Ripple entity appears among applicants. XRP price has fallen below the $1.10 level at this moment of uncertainty.
DFAL covers the exchange of digital assets for fiat or other digital assets, their transfer between persons, custody, and the issuance of reserve-backed instruments. It maps directly onto Ripple’s California-facing operations: payments infrastructure, custody services, and the issuance and redemption of RLUSD, Ripple’s dollar-pegged stablecoin.
Ripple’s existing portfolio of 40-plus U.S. money transmitter licenses does not automatically satisfy DFAL; the law is a separate regime administered by the DFPI through the Nationwide Multistate Licensing System.
However, there are three paths to legal compliance by July 1: hold a DFAL license, have a completed application pending with the DFPI, or qualify under a narrow statutory exemption, primarily available to banks, certain trust companies, and SEC- or CFTC-registered entities operating within already-regulated activity.
🗓️Key date for @Ripple – July 1.
Ripple previously engaged CA's DFPI for a DFAL license noting firms can keep operating if submit by 7/1/26. Public docs through March '26 don't list any Ripple entities, though likely filed. Necessary for all CA offerings, issue/redeem/custody. pic.twitter.com/xfQK4Z3IBc
— WrathofKahneman (@WKahneman) June 19, 2026 Ripple has engaged with the process as the company submitted a formal comment letter to the DFPI, pushing to eliminate redundant money transmitter license requirements for DFAL-licensed firms. However, engagement is not the same as a filed application.
Law firms, including Chambers-ranked practices, have described DFAL as one of the most expansive state-level digital asset licensing regimes in the country.
Discover: The Best Crypto to Diversify Your Portfolio
Can XRP Price Hold $1 If Ripple Misses the DFAL Deadline?XRP is trading near $1.10, far below the expected $2.50 many predicted. Recent price action reflects weak momentum, with sellers repeatedly capping rallies around the $1.15 to $1.20 area. Despite ongoing attention on Ripple’s regulatory developments, the market has yet to price in a decisive positive outcome.
Meanwhile, investors remain focused on several legal and regulatory milestones involving Ripple. The court’s earlier finding that XRP itself is not inherently a security removed a major uncertainty. However, the remaining penalty and injunction issues still matter because they could influence Ripple’s future business operations and market sentiment.
From a technical perspective, XRP must first reclaim the $1.15 to $1.20 zone before traders can discuss a stronger trend reversal. If buyers regain control and regulatory developments remain favorable, the next resistance area could emerge around $1.30 to $1.50. A sustained move above those levels would likely require a meaningful catalyst.
On the downside, support remains clustered around $1.05 and $1.00. If regulatory expectations weaken or broader crypto markets turn lower, those levels could come under pressure. The $1.00 mark remains an important psychological threshold, as a decisive break could invite additional selling.
For now, the market appears to be waiting for confirmation rather than trading on assumptions. Regulatory progress could improve sentiment, yet XRP’s longer-term trajectory will likely depend on both legal clarity and stronger demand returning to the market.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
28 June 2026 | 15:41 The story in XRP is a split screen: the derivatives market just went through a violent, one-sided purge of leveraged bets, while network usage keeps climbing.
Key Takeaways XRP saw a one-sided long-liquidation flush, peaking at $6.7M on June 22. Open interest fell 11%, meaning purged positions aren’t being rebuilt. Active addresses rose almost 72% in two weeks even as price fell. XRP trades for $1.04 at the time of writing. The recent move was driven by a liquidation cascade: an 830% spike in long liquidations, which is a mechanical event rather than a sentiment reading. Margin thresholds were breached and positions were force-closed automatically. The roughly $3M in long liquidations dwarfing the short side confirms how one-sided it was, this was a purge of upside bets, not a balanced deleveraging. The climax came on June 22 with a $6.7M flush, the single largest burst of forced selling on the chart, landing exactly as price hit its lowest point near the $1.05 range.
What happened next matters as much as the flush itself. According to recent report, shared by CryptoQuant, open interest dropped from $1.18B to $1.04B, down 11%, while this played out. That’s the tell that separates a flush from a rotation: positions are being closed and not rebuilt. Traders aren’t re-entering, which leaves the market structurally lighter and less amplified than before.
The Funding Rate Hit Its Floor The funding rate adds the second layer. It reached its deepest negative reading of the entire March-to-June window right at the June 22 climax, a -463% shift against the quarterly baseline. Negative funding means shorts are the dominant paid position, longs are effectively being compensated just to hold their positions open.
This is where precision matters. At extremes, negative funding is mechanically unsustainable, because shorts eventually have to cover, which can create upward price pressure. But that’s a precondition for a squeeze, not a guarantee of one, and it should not be read as bullish on its own. It describes a compressed setup, a spring under tension, without saying anything about whether or when it releases.
The Split That Defines Who Actually Sold Here’s the most analytically important data point in the whole picture. While the futures market cascaded, Binance spot reserves fell just 0.35% on the week. Spot holders, in other words, didn’t panic-sell onto exchanges. That cleanly separates two very different actor types: leveraged speculators, who got wrecked, and spot holders, who barely moved.
The absence of spot capitulation during a violent futures flush is what tells you the nature of the selling. This was derivatives-manufactured, the forced unwinding of leveraged positions, rather than organic distribution by the people who actually hold XRP. That distinction changes how to read the entire episode: it was a leverage problem, not a conviction problem among holders.
Metric Status/Result Significance Long Liquidations $6.7M peak (June 22) Violent, one-sided flush of leveraged bets. Open Interest Down 11% Positions are closed, not rebuilt; market is lighter. Binance Spot Reserves Down 0.35% Spot holders didn’t panic; selling was derivatives-manufactured. Active Addresses +71.7% (2 weeks) Real engagement diverging from speculative price drops. The Network Is Growing as Price Falls Now the counter-signal. Daily active addresses rose from about 23,000 on June 14 to nearly 39,500 by June 27, a 71.7% increase in two weeks, according to Ali Charts citing Santiment. Price fell over roughly the same window. Network usage expanding while price contracts is a genuine divergence, and historically these kinds of divergences don’t tend to persist indefinitely.
Network activity on $XRP has surged over the past two weeks.
Daily active addresses have climbed from 23,000 on June 14 to nearly 39,500 today, signaling growing on-chain participation. pic.twitter.com/lqX9oo3AsS
— Ali Charts (@alicharts) June 28, 2026
It’s important to be exact about what this does and doesn’t say. It doesn’t predict direction. What it indicates is that the chain is being used more, not abandoned, real engagement separating from speculative price behavior. Set against the derivatives picture, the contrast is stark: the futures market shows panic, while the network shows growth.
The Setup, and What Could Confirm a Direction Put the layers together and what you have is structural cleanup, not a directional call. The leverage has been flushed, open interest has compressed and isn’t rebuilding, funding sits at an extreme, spot holders stayed put, and on-chain activity is rising. That combination describes a market that’s been deleveraged and is being actively used, which could resolve in either direction.
The honest framing is that the network’s continued growth provides a floor narrative, evidence the chain isn’t being abandoned, rather than a price prediction. As for what to watch: the negative funding extreme is the squeeze precondition, but the signal that would actually confirm a direction is open interest. If OI starts rebuilding alongside rising price, that’s leverage returning on the long side; if it stays compressed, the market remains light and unconfirmed either way. The deleveraging is real and largely complete.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Brad Garlinghouse said one word, “maybe,” and the XRP community heard a promise. Asked whether holders could get a piece of Ripple if it goes public, he nodded toward a “special arrangement.” This is what was actually said, what holders could realistically receive, and the downside almost nobody is talking about.
Summary
Ripple chief executive Brad Garlinghouse said that “if and when” Ripple goes public, the company might do “something special” for XRP holders, then immediately added it was “not in the immediate term.” That hedged “maybe” was offered in response to a direct question, not volunteered as a plan, and he declined to commit to any mechanism such as a token buyback. Ripple and XRP are legally and financially separate assets: holding XRP grants no shares, no dividends, and no claim on Ripple’s corporate profits, and no bridge between the two currently exists. The mechanisms holders imagine, preferential IPO share access, long-term holding rewards, or tokenized Ripple equity, are all unannounced and face serious securities-law hurdles given XRP’s legal history. The overlooked risk is that a Ripple IPO could actually pressure XRP, by drawing institutional capital toward Ripple stock and pushing the company to monetize its escrow holdings to satisfy public-market investors. One word from Ripple’s chief executive set the XRP community alight, and that word was “maybe.” Speaking on the “Crypto In America” podcast with journalist Eleanor Terrett, Brad Garlinghouse was asked the question XRP holders have wanted answered for years: if Ripple ever goes public, could the people who hold XRP get a piece of it. He did not say no. He gestured first at the indirect benefits Ripple already provides, then, pressed on whether the company would do something specific for holders in an initial public offering, he said, “Maybe, but that is not in the immediate term.”
JUST IN: Ripple CEO Brad Garlinghouse says the company processed $13T in payments last year with no immediate IPO plans pic.twitter.com/f9bd80FPsX
— crypto.news (@cryptodotnews) May 5, 2026 That was the entire substance of it, a hedged possibility wrapped in a qualification, offered in answer to a direct question rather than announced as a plan. And yet within hours it had been clipped, shared, and reshaped across XRP social media into something close to a corporate commitment, with community members urging one another to “hold accordingly.” The gap between what Garlinghouse actually said and what the community heard is the real story here, because the difference between a hinted-at maybe and a planned reward is the difference between a reasonable hope and a misplaced expectation.
The reason the remark landed so hard is the situation it landed into. XRP holders have spent 2026 watching Ripple collect exactly the kind of institutional wins the community long predicted, settlements with JPMorgan, stablecoin launches with major partners, a steady drumbeat of bank deals, while the token itself has stayed pinned near a dollar and change, beneath every major moving average. That combination, corporate triumph paired with token stagnation, breeds a particular hunger: the sense that the wins are real but are somehow not reaching holders, and that some missing mechanism could finally connect the two. Into that hunger dropped Garlinghouse’s nod, and it did what a catalyst does in a starved market.
This piece separates the hope from the reality. It covers exactly what was said and the precise wording that matters, the crucial distinction between Ripple the company and XRP the token, the mechanisms a holder benefit could theoretically take and why each is harder than it sounds, why Ripple may not even go public soon, the indirect benefit Ripple genuinely does provide, and the downside almost nobody is discussing: that an IPO could actually work against XRP. The goal is the real picture, neither dismissing the possibility nor inflating it into the certainty the hype implied.
What Garlinghouse actually said Precision matters here, because the entire community reaction rests on a few carefully chosen words, and those words were more conditional than the excitement suggested. Garlinghouse did not volunteer the remark; he was asked directly whether XRP holders could share in Ripple’s success if the company eventually launched an initial public offering. His first instinct was to point to the indirect benefit Ripple already provides, saying he hopes XRP holders feel they benefit from Ripple’s existence through the work the company does to grow the XRP ecosystem. Only when pressed on whether Ripple would do something specific for holders in an IPO scenario did he offer the line that ignited everything: “Maybe, but that is not in the immediate term.”
When pushed further on concrete mechanisms, including a possible token buyback, he declined to commit to any of them, pointing back instead to what Ripple already does for the ecosystem. So the full extent of the supposed promise is a “maybe,” qualified as not near-term, given in response to a direct question rather than offered as a plan, with no program described, no mechanism named, and no action committed to. The community heard “Ripple will do something special for holders.” What Garlinghouse actually said was closer to “maybe someday, if we go public, which is not happening soon.”
Those are not the same statement, and stacking the two conditionals reveals how far the exciting headline sits from anything concrete: a possible benefit, attached to a possible IPO, that he himself describes as not a priority. It is worth adding that days earlier, at an industry conference, Garlinghouse had been cooler still on the idea of going public at all, emphasizing that staying private gives Ripple flexibility. Read in that context, the podcast remark was a hint, not a plan and certainly not a promise. Any honest assessment of what holders would actually get has to begin from that fact rather than from the amplified version that spread online.
Ripple is not XRP: the distinction that decides everything To understand why this question is so charged, and so easily misunderstood, you have to grasp a distinction that still confuses many people: Ripple and XRP are legally and financially separate assets, and owning one does not mean owning the other. Ripple is a private technology company that builds payment and liquidity products, some of which use the XRP Ledger. XRP is a cryptocurrency, the native asset of the XRP Ledger, which is a decentralized, open-source blockchain that Ripple does not control. Holding XRP gives you ownership of that token and nothing else.
It confers no shares in Ripple, no dividends, no voting rights, and no claim whatsoever on Ripple’s corporate profits or assets. The two are different things with different value drivers, and the price of one does not automatically move the other. That distinction is why the company-versus-token gap keeps resurfacing across Ripple’s 2026 story. Ripple can win institutional business, launch products, and deepen its corporate value without automatically delivering a direct benefit to XRP holders.
This separation is the foundation of the entire holder-payout question, because it means there is no existing structure, no dividend, no buyback mechanism, no holder-equity bridge, that currently connects Ripple’s corporate fortunes to the people who hold XRP. Any such benefit would require a deliberate corporate decision: Ripple choosing to extend something to holders of a token that is legally distinct from its stock. That is precisely what makes Garlinghouse’s “maybe” notable, because it gestures at the possibility of Ripple voluntarily building a connection that does not exist and is not required to exist. The community’s hope is that Ripple might someday decide to construct that bridge.
The reality is that no bridge exists today, none is planned, and the entire question is whether Ripple might ever choose to build one. Everything that follows, every imagined mechanism and every obstacle, flows from this single fact: a Ripple IPO would, by default, do nothing for XRP holders, because the token and the company are separate. Only an affirmative, deliberate choice by Ripple could change that. Until such a choice is announced, a holder payout remains speculation, not entitlement.
The mechanisms holders imagine Once the “maybe” spread, the community began filling in the blank with specific mechanisms, and it is worth laying them out, because they define the range of what “something special” could plausibly mean. The most discussed idea is preferential access to IPO shares, an arrangement in which verified long-term XRP holders, or users staking on the XRP Ledger, would be granted priority subscription rights to buy into a Ripple offering at favorable terms before the general public. This is the version that most directly answers the community’s wish, because it would let XRP holders transition, at least partly, into Ripple shareholders. It would turn token loyalty into an equity stake.
A second imagined mechanism is a long-term holding reward, a community-based structure that would give some benefit to holders who have kept XRP for a defined period, rewarding loyalty without necessarily handing over equity. A third, more technically ambitious idea is tokenized Ripple equity: a blockchain-based representation of Ripple stock made available to eligible token holders, which would use the very tokenization technology the industry is racing to build in order to bridge the gap between Ripple shares and XRP. Some in the community have also floated the notion of an “equity-token-bound” proof of entitlement, a digital claim linking XRP holding to some future right in Ripple. Each of these would, in its own way, construct the bridge between Ripple equity and XRP holders that currently does not exist.
The crucial thing to hold in mind is that all of them remain imagined, not announced. Garlinghouse named none of them; he declined, in fact, to endorse any specific structure when asked. They represent the community’s wish list of what “something special” might be, not a menu Ripple has offered. The distance between a fan’s plausible idea and a company’s actual program is considerable, especially when the imagined benefit touches securities law, global compliance, investor eligibility, and the legal separation between Ripple equity and XRP.
Why each mechanism is harder than it sounds The reason Garlinghouse spoke in hints instead of specifics is almost certainly that nearly every concrete version of a holder benefit collides with serious obstacles, and understanding those obstacles is essential to a realistic view. The largest is securities law, and it is a particularly sharp problem for XRP of all tokens. Linking a cryptocurrency’s holding to equity benefits raises exactly the kind of securities-law questions that defined Ripple’s long and costly legal battle, the years-long fight over whether XRP sales amounted to unregistered securities transactions. Building a formal bridge that rewards XRP holders with equity or equity-like rights risks recreating the very entanglement between the token and the company that Ripple spent years and enormous legal resources trying to separate.
The company would have to navigate that terrain with extreme care, because a poorly designed holder-benefit program could reintroduce the argument that XRP is a security tied to Ripple’s enterprise, which is the last thing Ripple wants. That is why the catalyst that matters more than the IPO is still statutory clarity from the CLARITY Act, not an undefined corporate reward. Federal clarity can strengthen XRP’s status without blurring the line between the token and Ripple equity. A holder-equity program, by contrast, could blur that line if designed carelessly.
Beyond securities law, the practical obstacles multiply. A preferential-share program would require verifying who is a genuine long-term holder, drawing cutoff lines that would inevitably be seen as arbitrary or unfair, and managing the identity and compliance machinery to do it at scale across a global, pseudonymous holder base. A holding-reward structure raises questions of how to fund it and how to avoid favoring large holders over small ones. Tokenized equity would face the full weight of securities regulation governing who can own and trade company stock, plus the technical and legal work of making a regulated equity instrument function on a blockchain.
Each mechanism, in other words, is not just a matter of Ripple deciding to be generous; it is a tangle of legal exposure, fairness problems, and operational complexity, any one of which could sink it. This is why the most dramatic interpretations of “special arrangement” are also the least likely. A sober reading has to weight the modest possibilities, a governance gesture, a symbolic recognition, or simply Ripple structuring its business so more value flows through XRP over time, far more heavily than the windfall the community imagined.
Why Ripple may not even go public soon The entire holder-benefit scenario is downstream of a prior question that often gets lost in the excitement: will Ripple even go public at all, and if so, when. On this, Garlinghouse has been consistent and notably unenthusiastic. He has repeatedly described an IPO as not a priority, and his reasoning is grounded in the current state of the public markets for crypto companies. He has pointed to the underwhelming performance of crypto-related public listings, citing peers whose post-listing stock has struggled, and noted reports that at least one major exchange had delayed its own listing plans.
His view, in short, is that the public markets have not treated Ripple’s peers well, and that there is little reason to rush into that environment. He has also made a positive case for staying private, arguing that it preserves flexibility, including, he joked, the freedom to speak openly without lawyers drafting every word. This is not the posture of a company on the verge of ringing the opening bell. It means the holder-benefit question is built on a foundation that is itself uncertain: a possible reward contingent on an IPO that the chief executive describes as neither planned nor imminent.
That is the sense in which the whole thing is a maybe attached to a maybe. For an XRP holder weighing what they might receive, this is the most important practical point, because even the most generous imaginable holder benefit is irrelevant unless and until Ripple actually decides to go public. By Garlinghouse’s own account, that decision is not on the calendar. The community’s hope therefore rests on two sequential uncertainties: first that Ripple goes public, and second that, having done so, it chooses to extend something to holders it is under no obligation to help.
Either link breaking is enough to make the whole scenario evaporate. That is why the IPO hint should not be treated like a near-term catalyst, even if it tells holders something about how Ripple thinks about its community. The comment matters as a signal of openness, but it does not change the current legal structure, the current IPO timeline, or the current token economics. XRP holders should separate those categories carefully.
The indirect benefit Ripple already provides Set against the speculation is Garlinghouse’s actual, stated position, which deserves a fair hearing because it is not a trivial argument: that XRP holders already benefit from Ripple’s existence, indirectly but intentionally. The foundation of this argument is a simple fact: Ripple is the largest single holder of XRP. That gives the company a stronger economic incentive than anyone else to increase the token’s value and adoption, because Ripple profits when XRP rises, just as holders do. Its incentives are genuinely aligned with holders, even without any formal program linking the two.
Every commercial partnership Ripple pursues, every payment corridor it opens, every institutional deal it closes, and every regulatory battle it fights is evaluated, at least in part, through the lens of how it drives XRP utility and liquidity. Garlinghouse’s framing is that this alignment is the real benefit, that Ripple’s entire strategy is built around making XRP the most useful, liquid, and trusted digital asset in payments and settlement, and that by growing the ecosystem it makes what holders own more valuable, even without a dividend or an equity link. That is where XRP’s actual utility remains central to the long-term case. The token’s real thesis has to rest on usage, liquidity, and settlement demand, not on implied ownership of Ripple.
NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4
— crypto.news (@cryptodotnews) June 12, 2026 Garlinghouse has pointed to concrete examples of this posture, including Ripple’s backing of XRP treasury companies such as Evernorth, which is working to build a large XRP treasury business with Ripple’s support, an effort Garlinghouse frames as helping XRP holders, the XRP community, and Ripple shareholders at the same time. This argument has genuine merit and should not be dismissed as spin. The company’s commercial work plausibly does increase XRP’s utility and demand over time, which is a real, if diffuse, benefit to anyone holding the token. The counterpoint, and the reason the “maybe” resonated, is that many in the community find this indirect alignment insufficient.
They want a concrete share of Ripple’s corporate success, not an incentive structure that may or may not translate into token-price appreciation. That dissatisfaction is precisely the nerve Garlinghouse’s remark touched. His indirect-benefit argument is, in effect, his answer to it: you already benefit, just not in the direct way you want. Whether that answer satisfies holders depends on whether Ripple’s wins eventually become visible in XRP demand rather than simply in Ripple’s corporate valuation.
The downside nobody mentions: an IPO could hurt XRP Here is the part of the story that the bullish excitement almost entirely skips: a Ripple IPO is not unambiguously good for XRP, and there is a credible case that it could actively work against the token, at least in the near term. The first channel is competition for capital. Today, an institution that wants exposure to Ripple’s success has essentially one liquid way to get it: buy XRP, the token associated with the company’s ecosystem. If Ripple goes public, that changes.
Suddenly there is a direct way to own a piece of Ripple itself, a regulated equity that offers what a token cannot: potential dividends, audited financial transparency, ownership of the company’s actual assets and cash flows, and the compliance comfort of a listed stock. Faced with that choice, institutional capital that might have flowed into XRP as a proxy for Ripple could instead flow into Ripple stock, siphoning off the very institutional demand the XRP bull case depends on. The IPO, in this reading, would give the market a cleaner instrument for the Ripple thesis, and XRP could lose its role as the default vehicle for it. That is the uncomfortable side of where XRP trades while holders wait: the market wants direct token demand, not merely a story about Ripple’s corporate success.
The second channel is selling pressure from Ripple itself. As a private company, Ripple has long been criticized for selling XRP from its large escrow holdings, a persistent source of new supply. After an IPO, that pressure could intensify instead of ease, because a public company answers to Wall Street’s quarterly demands for cash flow and profitability. To satisfy those demands and bolster its financial reports, Ripple’s board could face strong incentives to monetize tens of billions of XRP from its escrow accounts in a more systematic and aggressive way, creating an invisible, long-term overhang on the token’s price.
None of this is certain, and a well-managed IPO could be handled in ways that limit these effects, but the point is that the community’s framing of an IPO as pure upside for holders is incomplete. The honest version acknowledges that going public is a double-edged sword for XRP. It could, in the bullish case, come bundled with a “special arrangement” that rewards holders, or it could, in the bearish case, drain attention and capital away from the token while increasing the supply pressure on it. Holders hoping for the first should at least weigh the second.
What it means for holders today So what should an XRP holder actually take from all of this, standing in the present with the token trading near a dollar and the “special arrangement” still nothing more than a hedged remark? The disciplined answer is to give the IPO hint the weight it actually carries, which is to say very little, and to keep attention on the catalysts that truly move XRP. A possible IPO reward is a weak basis for any decision, because it is a maybe attached to a maybe: an unplanned, undefined benefit contingent on an IPO that Ripple does not prioritize. It is better regarded as a distant possible upside not to be counted on than as a catalyst to position around.
The things that will actually determine XRP’s path are observable and concrete: whether the CLARITY Act passes and writes XRP’s commodity status into federal law, whether spot ETF flows compound or trickle, whether the network’s settlement usage grows enough to translate into real token demand against the escrow supply, and where Bitcoin drags the broader market. Those are the signals worth watching, and the IPO hint is not among them. This does not mean the remark is meaningless. It reveals something real about Ripple’s posture toward its community, a willingness to at least entertain the idea of connecting corporate success to holders, which is more than many companies would offer.
But revealing a posture is not the same as making a commitment, and the most useful thing a holder can do is to enjoy the signal for what it shows about Ripple’s attitude while declining to build any expectation on top of it. The community heard a promise. What Garlinghouse offered was a maybe, and in investing the difference is everything. An XRP holder is better served by evaluating the token on its actual merits, its use in payments, its regulatory position, its adoption, and its supply dynamics, than by speculating about an IPO reward that exists only as a hedged possibility.
That possibility is attached to an IPO that may never come, and that could, in some scenarios, hurt the token as much as help it. The hope is understandable. The discipline is to keep it in proportion. If Ripple ever announces a real program, holders can judge the terms then; until then, the “special arrangement” is a signal, not a strategy.
Frequently asked questions Did Ripple promise XRP holders a payout from its IPO? No. Ripple chief executive Brad Garlinghouse said that “if and when” Ripple goes public, the company might do “something special” for XRP holders, then immediately added that it was “not in the immediate term.” That was a hedged “maybe” offered in response to a direct question, not a plan, a program, or a commitment, and he declined to endorse any specific mechanism such as a token buyback. The community amplified the remark into something close to a promise, but no payout has been announced, no mechanism has been described, and the comment was explicitly conditional on an IPO that Garlinghouse describes as not a priority.
Does holding XRP give me any ownership of Ripple? No. Ripple and XRP are legally and financially separate assets. Ripple is a private technology company that builds payment and liquidity products, some of which use the XRP Ledger. XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain that Ripple does not control. Holding XRP grants no shares in Ripple, no dividends, no voting rights, and no claim on the company’s profits or assets.
What could a “special arrangement” actually look like? The mechanisms the community imagines include preferential access to Ripple IPO shares for verified long-term XRP holders, long-term holding rewards for those who keep XRP for a defined period, and tokenized Ripple equity made available to eligible holders. All of these are unannounced and remain speculation instead of anything Ripple has offered. Each also faces serious obstacles, especially securities law, because linking token holding to equity benefits raises exactly the questions Ripple fought during its long legal battle over XRP. More modest possibilities, such as a governance gesture or simply structuring the business so more value flows through XRP, are more realistic than a direct equity windfall.
Is Ripple actually going to have an IPO? It is uncertain, and Garlinghouse has repeatedly described going public as not a priority. He has cited the weak post-listing performance of crypto-company peers and reports of a major exchange delaying its own plans, and he has argued that staying private preserves flexibility. This matters because the entire holder-benefit question is downstream of an IPO happening at all. Even the most generous imaginable reward is irrelevant unless Ripple first decides to go public and then chooses to extend something to holders.
Could a Ripple IPO actually be bad for XRP? It could, and this is the part the bullish framing tends to skip. An IPO would give institutions a direct way to own Ripple through regulated stock that offers dividends, financial transparency, and ownership of company assets, potentially drawing capital that might otherwise have flowed into XRP as a proxy for Ripple. Separately, as a public company answerable to quarterly earnings expectations, Ripple could face stronger incentives to monetize its large XRP escrow holdings more aggressively, adding long-term selling pressure on the token. Going public is therefore a double-edged sword for XRP, with credible downside as well as the hoped-for upside, and holders should weigh both.
What should XRP holders actually focus on? On the observable catalysts that truly move the token instead of the IPO hint. Those include whether the CLARITY Act passes and codifies XRP’s commodity status, whether spot XRP ETF flows compound or stall, whether the network’s settlement usage grows into real token demand against the escrow supply, and the direction of Bitcoin and the broader market. The “special arrangement” remark is best treated as a small signal about Ripple’s posture toward its community, given minimal weight in any actual view of XRP’s prospects. Evaluating XRP on its real merits, utility, regulatory position, adoption, and supply, is far sounder than positioning around a hedged maybe.
This article is information, not investment advice. Prices, corporate plans, and statements reflect reporting available as of June 28, 2026, and can change quickly. Brad Garlinghouse’s comments were conditional and did not constitute a commitment or a program. Nothing here is a recommendation to buy or sell XRP or any security. Verify current details from primary sources and consider your own circumstances before making any decision.
Recent days have seen both technical indicators and on chain data suggest that XRP could be poised for a recovery. As the price hovers near the critical 1.10 dollar resistance, the possibility of a rally stretching toward 1.30 dollars is back in the spotlight among investors.
Buy signals emerge on the daily chartMarket analyst Ali Martinez reports that two distinct bullish signals have appeared on XRP’s daily chart. According to Martinez, this development reflects a potential shift in momentum following a period of waning selling pressure, suggesting a possible turn to the upside.
Ali Martinez highlights that two strong buy signals have formed on XRP’s daily chart and notes that if the current momentum is maintained, the price could see room to move toward the 1.30 dollar level.
The first signal comes from the TD Sequential indicator, designed by Tom DeMark. The emergence of a “9” buy setup within this indicator is considered notable by investors who closely follow such formations to gauge when bearish trends may be losing strength.
Mini glossary: The TD Sequential is a technical indicator used to detect exhaustion points and potential reversals in price movements. The “9” setup is especially watched after extended declines to spot short term recovery opportunities.
In addition, the past three days’ candlestick structure has formed a Morning Star Doji pattern. Regarded as one of the reliable reversal formations in technical analysis, this pattern suggests that selling pressure is waning as buyers begin regaining balance. If trading volumes see a pronounced increase, the reversal signal could be confirmed even more strongly.
Resistance at 1.10 dollars and the 1.30 dollar targetFollowing its recent correction, XRP has also shaped a double bottom formation. This suggests that buyers have defended the same support region twice, making a bullish breakout a more probable scenario in the short run.
The nearest resistance lies at 1.10 dollars. Should XRP’s price establish itself above this level with conviction, the technical outlook for a reversal would become clearer and pave the way for a move toward 1.30 dollars.
Network data points to increased activityOn the on chain side, notable growth has also been recorded. The number of daily active addresses on XRP Ledger stood at about 23,000 on June 14, but this figure has since climbed toward 39,500 over the past two weeks. The XRP Ledger serves as the distributed infrastructure for all XRP transactions.
The rise in daily active addresses signals increased network participation and trading activity. Market participants closely monitor such data as it often points to strengthening demand and heightened investor interest.
According to CoinCodex data, XRP was trading at around 1.05 dollars at the time of reporting. Although this leaves the price just below the key resistance zone, the mix of positive technical signals and increased network activity suggests that bearish pressure may be subsiding for now.
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 past several months have not been kind to XRP. After it marked a new all-time high in mid-July 2025, it has been mostly downhill, losing over 70% of its value, dumping toward $1.00, being surpassed by BNB and USDC in terms of market cap, and registering six consecutive months in the red at one point.
Amid all of these adverse developments, some analysts have turned highly bearish on the asset. While the dominant belief is that XRP has reached its most crucial moment during this cycle, some, such as Ali Martinez, pointed to potential drops to the next crucial support levels at $0.80, $0.62, or $0.51 if the $1.00 floor gives in.
Glassnode warned that XRP token holders continue to realize more losses than profits, indicating intensifying selling pressure even among investors in the red. Even ChatGPT made some worrying predictions if the asset indeed flips $1.00 from support into resistance soon. But maybe such low sentiment is what is needed for XRP to turn things around.
Run Up Instead? Paradoxically, history shows that the markets rarely reward such consensus. In fact, Warren Buffett has said it best, “Be fearful when others are greedy, and be greedy when others are fearful.”
Extreme pessimism has frequently appeared near important turning points across the crypto market. BTC, ETH, and XRP have all experienced periods where sentiment collapsed and remained there for a while before major recoveries began. This is generally possible when weak hands exited, and long-term investors quietly accumulated.
For XRP, this accumulation appears to be coming from ETF investors, as the funds tracking its performance have seen a green-only streak of eight consecutive weeks, while the BTC and ETH ETFs have bled out heavily.
The recent sell-off also pushed several on-chain and technical metrics into historically oversold territory. Some analysts argue that XRP may be approaching a zone where risk-reward begins to improve, even if short-term volatility persists.
You may also like: Ripple (XRP) Boosts Global Blockchain Adoption With Over $70M in Donations XRP’s Slide to Sub-$1.00 Could Set Up ‘Risk-Reward’ Zone: Analyst XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low History is indeed on XRP’s side. Recall that the asset’s sentiment had plunged to similar levels in mid-June but skyrocketed by double digits within 24 hours as the analytics company Santiment attributed that rally to the deteriorating investor behavior.
July Agrees Current data show that XRP is on track to close June with a decline of over 20%, its worst monthly performance since February 2025. Data from CryptoRank suggests that this aligns with previous performances, as June has been a predominantly bearish month for the asset.
On the contrary stands July. XRP has closed each of the past six editions in the green, showing some impressive gains. Five out of the six have seen double-digit price increases, including massive 45%+ pumps in 2020 and 2023. The median gain for July stands at close to 11%.
XRP is trading near $1.05 as buyers continue to defend the $1 level after a weak month.
Summary
XRP trades near $1.05 after falling sharply over the past week and month. ETF inflows remain positive while Bitcoin and Ethereum funds continue showing heavy weekly outflows. Analysts watch $1 support, rising active addresses, and possible rebound signals toward the $1.30 zone. The token is down more than 7% over the past week and about 19% over the past 30 days, while its 24-hour range sits between $1.04 and $1.07.
The price action remains weak, but several market signals show that XRP has not lost all support. ETF inflows remain positive, daily active addresses are rising, and some analysts now point to early reversal patterns on the daily chart.
XRP trades near $1 after sharp monthly decline XRP holds a market rank of #6, with market capitalization near $65.4 billion. Its 24-hour trading volume stands above $1.1 billion, showing that activity remains strong even as price stays near recent lows.
The token remains far below its all-time high of $3.65 from July 2025. It has also fallen more than 50% over the past year and about 49% over the past 200 days, showing that the current weakness is part of a longer downtrend.
A recent XRP price prediction noted that XRP is trading near a 20-month low. The same report said $1 has become the key level to watch, with downside support near $0.85 and $0.70 if that area fails.
That makes the current setup simple. XRP needs to hold $1 to avoid a deeper technical breakdown. A strong move above $1.12 and then $1.27 would be needed before traders can argue that momentum is shifting back toward buyers.
ETF demand stays positive despite weak price XRP fund flows continue to stand out against Bitcoin and Ethereum. On June 26, XRP ranked first in single-day net inflows at about $15.63 million, while spot Bitcoin ETFs saw about $444.51 million in outflows and Ethereum funds lost about $12.85 million.
The weekly trend also remains positive. XRP spot ETFs have now posted seven straight green weeks, with roughly $144.69 million in net inflows over that stretch, according to SoSoValue data.
This is not the same pattern seen in Bitcoin and Ethereum. Over the same seven-week stretch, Bitcoin ETFs recorded about $7.73 billion in outflows, while Ethereum ETFs lost around $1.18 billion.
A previous fund flow report showed XRP products had already beaten Bitcoin and Ethereum for five straight weeks. Another CLARITY Act analysis said XRP ETFs had drawn roughly $1.44 billion in cumulative inflows through six weeks of buying, even as price remained weak.
That contrast is important for the current XRP price analysis. It suggests that fund demand has not been enough to lift the token yet, but it may be helping to slow deeper losses near $1.
On-chain activity and chart signals improve Analyst Ali Charts said XRP network activity has risen over the past two weeks. Daily active addresses climbed from about 23,000 on June 14 to nearly 39,500, pointing to higher on-chain participation.
Rising active addresses can show more users interacting with the network. It does not guarantee a price recovery, but it gives traders another data point at a time when price is testing a key support level.
Network activity on $XRP has surged over the past two weeks.
Daily active addresses have climbed from 23,000 on June 14 to nearly 39,500 today, signaling growing on-chain participation. pic.twitter.com/lqX9oo3AsS
— Ali Charts (@alicharts) June 28, 2026 Ali also pointed to two bullish reversal signals on the daily chart. He said the Tom DeMark Sequential indicator printed a “9” buy signal, which can sometimes appear before a short relief rebound lasting one to four daily candles.
He also said the past three daily sessions formed a Morning Star Doji pattern. That pattern is often used by technical traders to identify a local bottom after a downtrend.
XRP: TWO BULLISH SIGNALS
XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.
1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT
— Ali Charts (@alicharts) June 27, 2026 If buying volume rises from here, Ali said XRP could move toward $1.30. That level also lines up with earlier resistance areas from recent price action.
A prior XRP technical report said traders were watching $1.20 as a recovery level, with $1.24 and $1.30 as the next zones if buyers pushed through resistance.
Derivatives reset may shape the next move Acccording to CryptoOnchain, XRP derivatives have gone through a heavy deleveraging phase. Long liquidations jumped to nearly $3 million over the past week, up more than 800% from the prior month.
Open interest also fell from about $1.18 billion to roughly $1.04 billion. At the same time, funding rates turned deeply negative, showing that traders who were positioned for upside have been forced out.
XRP Leverage Flush, source: CryptoQuant analyst CryptoOnchain That type of reset can cut speculative excess from the market. It can also create conditions for a sharp move if short sellers become crowded and spot buyers remain steady.
The spot side looks calmer than futures. Binance reserves were nearly flat over the week, suggesting holders are not rushing to move XRP to exchanges for immediate sale.
The next signal will come from open interest and funding rates. If open interest starts to recover while price holds $1, traders may read it as a healthier reset. If XRP loses $1 with rising volume, the market may shift back toward $0.85 and $0.70 support.
Ripple’s wider ecosystem also remains in focus after RLUSD became available in Japan through SBI VC Trade. The stablecoin launch gives Ripple a new regulated channel in Asia, though XRP’s short-term direction still depends on price action, fund flows, and whether buyers can defend the $1 level.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The CLARITY Act, currently under discussion in the United States, is gaining close attention in crypto markets due to its potential to deliver a much clearer regulatory framework for digital assets. Should the bill become law, many industry observers believe it could significantly reduce the legal uncertainty that has long deterred institutional investors from entering the space.
Why institutional capital is watching Market sources tracking industry data suggest that the CLARITY Act could be a game changer for the US crypto sector. According to this perspective, the bill may eliminate one of the major regulatory hurdles preventing American pension funds—which collectively manage around $56 trillion in assets—from accessing digital assets. These funds typically avoid assets without clear legal status due to strict compliance obligations.
At the heart of the debate lies the question of whether digital assets should be classified as securities or commodities. This lack of clarity keeps institutions from allocating capital to cryptos like XRP, presenting both legal and custodial challenges for major investors.
Glossary: The CLARITY Act is a legislative proposal in the US aiming to clarify the regulatory framework for digital assets. Its main purpose is to define which assets will be treated as securities and which as commodities, easing the compliance burden for market participants.
If the CLARITY Act takes effect, analysts believe it could establish a comprehensive framework for digital assets and bolster the standing of assets such as XRP among institutional investors.
Liquidity squeezes move into focus One notable aspect for XRP is that not all of its circulating supply is actively traded. Although the total supply is high, only a limited fraction is exchanged on markets. A substantial portion remains in the hands of long-term holders, is stored in institutional wallets, or is locked in escrow accounts, narrowing the readily accessible supply for trading.
This limited tradable supply means that even a modest influx of institutional capital into XRP, spurred by regulatory clarity, could rapidly tighten available liquidity. Market observers note that if demand outstrips accessible supply, upward price pressure could escalate swiftly.
Despite XRP’s large total supply, the actively traded amount remains restricted, so any surge in institutional demand could sharply reduce liquidity in the short term.
Time pressure mounts in Washington Meanwhile, reports indicate Congress is picking up the pace on the bill. Republican lawmakers are pushing to advance the CLARITY Act before the August recess, driven by a crowded legislative calendar that leaves little room for delay.
Once senators return to work on July 13, Congress will have only about 20 working days to deliberate, vote on the bill, and come to an agreement with the House of Representatives on the final version. This tight window is putting additional pressure on lawmakers to give the bill the necessary attention.
Within the digital asset industry, the CLARITY Act is viewed as one of the most significant regulatory moves in the US in recent years. Its passage could unlock far broader institutional participation—and with it, the prospect of reducing the legal fog that has hovered over the market, potentially making XRP a standout asset in the coming period.
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.
As of June 28, the XRP price hovers near $1.05, with technical indicators suggesting that the downtrend has not yet fully reversed. While there are some early signs that selling pressure may be easing in the short run, caution remains the dominant attitude in the broader market outlook.
Sustained pressure in the weekly outlookMarket analyst ChartNerdTA published a chart on June 28 showing that XRP has now fallen below an ascending support line it had preserved for several months. This breakdown followed the failure to reclaim the 20-week exponential moving average, which sits around the $1.57 mark on the weekly chart.
In addition, XRP remains well below its 50-week exponential moving average at $1.83, underscoring that downward pressure on the primary trend remains unresolved. The analyst highlights that the weekly Stochastic RSI has flashed a bearish crossover for the third time since XRP hit its all-time high in July 2025.
ChartNerdTA emphasizes that this is not the right time to enter trades, pointing out that price structure has yet to show clear signs of renewed strength.
In the analyst’s review back in May, the same ascending support line held firm for over three months. Its recent break has now invalidated that technical formation, and persistent weakness above the $1.50 region has become even more apparent with this shift.
On-chain data highlights $1.06 as key levelDespite a weakening technical picture, on-chain data points to several price zones where buyers have historically concentrated. Crypto analyst Ali Martinez, referencing Glassnode’s UTXO Realized Price Distribution (URPD) charts, identifies $1.06 as the most important near-term support.
Mini glossary: URPD is an on-chain distribution metric that shows how much of an asset has changed hands within specific price ranges. This indicator is used to identify key support and resistance zones by mapping where investors have the highest cost concentration.
At the $1.06 mark, more than 830 million XRP have previously been traded. Should selling deepen, the data reveals notable clusters of activity at $0.80, $0.62, and $0.51 as well. In these areas, approximately 923 million, 1.16 billion, and 1.06 billion XRP respectively have been accumulated.
LevelPast Accumulation$1.06Over 830 million XRP$0.80About 923 million XRP$0.62About 1.16 billion XRP$0.51About 1.06 billion XRPAli Martinez notes that the $1.06 zone is the most crucial defense in the short term and warns that any drop below this level could shift focus to the $0.80 area as the next key support.
Short term indicators send mixed signalsAs per Bitstamp’s data, XRP is trading near $1.05 and has shown only a minor intraday increase. Technical tools on TradingView reveal that, while oscillators suggest a search for balance, trend-following indicators continue to reflect a weak profile.
The 14-day RSI measures 32.41, approaching oversold territory. Stochastic %K stands at 13.84, while the 20-period CCI reads minus 127.34. Momentum and Williams %R at minus 85.73 further suggest that selling could soon slow, yet the MACD for 12 and 26 periods remains negative at minus 0.0515.
Moving averages support the bearish caseWithin this wider technical framework, most moving averages continue to flash a sell signal. The 10-period averages are in the $1.08 to $1.09 range, while the 50, 100, and 200-period averages sit between approximately $1.21 and $1.53, all reinforcing the downward bias.
A notable exception comes from the Hull Moving Average at around $1.025, which provides a buy signal, while the Ichimoku base line remains neutral. Overall, moving averages indicate roughly 13 sell signals, 1 neutral, and just 1 buy signal. In pivot point analysis, the classic pivot stands at $1.38, with the next major resistance at $1.50, and key support zones at $1.10 and $0.81.
Although a short-term reaction rally cannot be ruled out completely, XRP needs to hold the $1.06 support zone and reclaim higher resistance levels to regain momentum. Otherwise, market attention may rapidly shift towards the $0.80 demand area as the next battle line.
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.
Due to the high levels of leverage that remain in the market, the recent decline in the value of Ripple [XRP] has resulted in a large-scale derivatives reset. At its peak during this period, nearly $3 million in long positions were liquidated, forcing bullish traders out of their exposure.
Moreover, Funding Rates have turned sharply negative, reflecting strong bearish conviction about XRP’s future price action. Additionally, the Open Interest (OI) dropped from approximately $1.18 billion to approximately $1.04 billion.
These factors indicate that the removal of leverage-driven selling pressure by speculative excess is beginning. Although the stable Binance reserves show that spot holders are still unwilling to sell aggressively.
Source: CryptoQuant If OI begins to rebuild along with the improving funding rate, then XRP may begin to trend upward towards a healthier recovery. However, if these trends do not start occurring simultaneously, then bearish momentum will likely continue.
XRP enters a historically oversold zone As long-term declines continue for XRP, it is possible for the overall market to enter historically extreme downside risk conditions as sellers continue to outpace buyers.
Additionally, the prolonged decline has caused the Sharpe Z-Score to drop deeper into negative territory. These levels mirror the extreme reading before the November 2024 breakout and the July 2025 rally.
Source: CryptoQuant Even so, XRP remains near $1.03, well below its 200-day Moving Average, confirming buyers have not yet regained control of the broader trend. This combination suggests downside momentum may be becoming exhausted rather than accelerating further.
If fresh spot demand returns and price reclaims key technical levels, the current reset could evolve into another recovery phase. Otherwise, XRP may continue consolidating until stronger buying confirms the historical signal.
Final Summary XRP deleveraging is reducing speculative excess, but stronger spot demand remains essential for a sustained recovery. XRP’s historical oversold signals suggested that a downside was stretched, yet bullish confirmation still depends on renewed buying pressure.
Crypto Market Crashing Amid Rotation to StocksA key driver behind the accelerating weakness in the crypto market is that investors in major economies such as the United States, South Korea, and Japan are rotating into equities, as stock markets surge amid the ongoing AI supercycle.
Digital Asset Treasury Companies WoesInvestors now fear that these companies will be forced to start selling their crypto assets to fund their dividends this year. If this happens, there is a risk that cryptocurrencies will continue falling as the biggest buyers become sellers.
Crypto Confidence Waning Amid Hackings and FraudThe crypto market crash is also happening because of the lack of confidence in the industry. These fears escalated on October 10 last year when the crypto industry suffered over $18 billion in liquidation losses. 1.6 million traders were liquidated.
At the same time, fraud and pump-and-dump schemes have been on an upward trajectory. A good example of this is President Donald Trump’s decision to launch the a meme coin in January last year. After initially pumping, the token crashed, erasing billions of dollars in value.
Other recent examples of pumps and dumps are coins like Humanity Protocol, Audiera, and SKYIE.
Data shows that crypto hackings have soared this year. According to DeFi Llama, hackings have jumped to over $1.4 billion in the last 12 months. This includes popular networks like Polymarket, Drift Trade, Balancer, and Upbit.
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The crypto market slipped 0.83% to $2.07 trillion as selling pressure returned across major assets. Bitcoin hovered below $60,000, while Ethereum traded near $1,557 after large holders increased selling.
XRP price held around $1.05, supported by stronger ETF demand. Fresh flow data showed XRP ETF products gaining inflows, while Bitcoin and Ethereum ETFs continued to lose capital during a weak market session on June 26.
XRP ETF Inflows Outpace Bitcoin and Ethereum Funds The positive bright spot for U.S. spot crypto funds was XRP ETF products. XRP tokens attracted more interest from investors, with bigger holdings seeing redemptions.
The total daily net inflows for U.S.-listed XRP spot ETFs reached $15.63 million on June 26. This added to the already existing net inflows of $1.47 billion into all XRP ETFs.
XRP’s monthly performance was also positive. Over 30 days, XRP funds added $60.61 million in net inflows. This was in contrast to Bitcoin and Ethereum ETFs, which both saw monthly outflows.
Source: Sosovalue data Bitwise’s XRP fund led the daily inflow table. The fund attracted $11.66 million and held $293.49 million in net assets. Next came Franklin’s XRPZ, which had $3.97 million in inflows and $235.20 million in assets.
Canary’s XRPC was also a significant investor with $234.97 million in assets. Grayscale’s GXRP was valued at $57.60, whereas 21Shares’ TOXR was still in the red on a cumulative basis.
But XRP remains far behind the bigger ETF markets in terms of trading volume. Over all, the value traded in XRP spot ETFs totaled $22.04 million. Net assets stood at $934.26 million, equal to 1.44% of XRP’s market capitalization.
Bitcoin and Ethereum ETFs Extend Seven-Day Outflow Streak Bitcoin & Ethereum ETFs continued to struggle, with investors withdrawing from leading funds. According to SoSoValue, both categories posted a seventh straight day of net outflows on June 26.
Spot Bitcoin ETFs experienced daily net outflows of $444.51 million from the U.S. market. Investors pulled $4.41 billion out of Bitcoin funds during the 31-day period. Net inflows were still high over the 12-month period, however, at $51.61 billion.
U.S. Spot Bitcoin and Ethereum ETFs See Seventh Straight Day of Outflows
According to SoSoValue, on June 26 (ET), U.S. spot Bitcoin and Ethereum ETFs both recorded their seventh consecutive day of net outflows. Spot Bitcoin ETFs saw a total net outflow of $445 million, while… pic.twitter.com/vm3nFGOnUQ
— Wu Blockchain (@WuBlockchain) June 27, 2026
For the whole day, all of the money flowed out of BlackRock’s IBIT. However, IBIT was the top Bitcoin ETF by assets. The fund has $44.42 billion in net assets and $60.77 billion in cumulative inflows.
Fidelity’s FBTC trailed with $10.44 billion in assets. The Grayscale GBTC was down overall with $27.14 billion of cumulative outflows. But there was no net redemptions in the day for GBTC.
Ethereum ETFs experienced less demand, but losses were not as severe as Bitcoin’s. Daily outflows of spot Ethereum ETFs hit $12.85 million in the U.S. Ethereum has lost more than $610.61 million over the course of 30 days.
BlackRock’s ETHA continued to be the biggest Ethereum fund. It had $4.27 billion in net assets and $11.08 billion in cumulative inflows. Grayscale’s ETHE continued to stay in the red by recording an outflow of $5.33 billion in cumulative outflows.
Bitcoin Still Leads Assets as XRP Gains Fresh Investor Demand XRP is currently the leader in the short-term flow race, whereas Bitcoin has the crown in size. The net assets of U.S. Bitcoin ETFs totaled $72.82 billion. They traded a total of $2.54 billion, which is significantly higher than XRP’s day-to-day activity.
The net assets of Ethereum ETFs totaled $8.38 billion. This was 4.42% of Ethereum’s total market capitalization. Bitcoin ETF assets equaled 6.08% of Bitcoin’s market value.
The new figures reveal a stark difference in investor action. Bitcoin and Ethereum funds are seeing withdrawals, and XRP ETF products are gaining new demand. Nevertheless, Bitcoin is the biggest and most flow market for ETFs.
Near term, traders are watching Bitcoin’s $58,000 support level. Failure to move below this zone will give room for the price to move to $54,000. Any recovery above $61,800 could help ease overall crypto ETF sentiment.
The cryptocurrency market is enduring one of its sharpest broad-based pullbacks of 2026, with blue-chip assets @dogecoin $DOGE, @Ripple $XRP, and @Ethereum $ETH taking the heaviest hits among large-cap tokens over the past seven days.
@dogecoin $DOGE has fallen 12% on the week, while both @Ripple $XRP and @Ethereum $ETH have shed roughly 9% over the same period. At the time of writing, not a single asset in the CoinMarketCap top 30 had recorded positive price action in the past seven days, an unusually uniform sign of bearish pressure across the market.
A Market-Wide Rout The scale of the decline reflects more than routine volatility. Bitcoin slid toward $62,000 amid a broad sell-off in technology and semiconductor stocks, extending its weekly losses and pressuring risk assets globally. Crypto markets fell across major tokens while U.S. spot Bitcoin ETFs logged a record 30-day net outflow of more than $6 billion, signaling sustained institutional de-risking.
Leading cryptocurrencies cracked alongside stocks after a sharp decline in chip-related shares cast doubt on the sustainability of the AI rally. Bitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend support at $1,700. XRP and Dogecoin recorded sharp declines as well, with over $560 million liquidated from the cryptocurrency market in a single 24-hour window, according to Coinglass data.
For $XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump's 2024 reelection win. For $DOGE, the fall thrust the first meme coin to its lowest levels since late 2023.
Macro Pressure and Weak Sentiment "Extreme Fear" sentiment intensified, returning to levels seen earlier this month, according to the Crypto Fear and Greed Index. The pullback is primarily driven by Bitcoin-led selling amplified by derivatives liquidations. Traders are also contending with a mix of ETF outflows, weak risk sentiment, and rising debate over whether the massive SpaceX IPO demand is pulling liquidity away from crypto markets.
The iShares Bitcoin Trust ETF saw $239.30 million in net outflows and the Fidelity Wise Origin Bitcoin Fund shed $120.80 million in a single session. Around $86.10 million also flowed out of the iShares Ethereum Trust ETF.
"Days like today are undoubtedly painful," said Juan Leon, senior investment strategist at crypto asset manager Bitwise. Leon noted that pronounced drawdowns in crypto prices have felt thesis-breaking in the moment, but the technology continues to be adopted as a modern form of market plumbing.
This article is for informational purposes only and does not constitute investment advice.
Sources:
CoinDesk: Bitcoin drops toward $62,000 as chip selloff deepens
Yahoo Finance: Bitcoin sell-off drags Ethereum, XRP and Dogecoin lower
Benzinga: Bitcoin, Ethereum, XRP, Dogecoin drop amid global chip sell-off
The price of XRP does not reflect its current or near-term utility. That is the central claim of Versan Aljarrah, founder of Black Swan Capitalist, who told Coinpedia in an exclusive interview that layered suppression mechanisms have engineered a persistent information gap between what XRP is worth and what the public market shows.
The Suppression Framework
Aljarrah’s argument begins with the 2020 SEC lawsuit against Ripple. In his view, that case did not simply create legal uncertainty. It handed exchanges regulatory cover to restrict or algorithmically deprioritise XRP.
What followed, he says, was years of fragmented liquidity, spoofing, wash trading on certain venues, and the deliberate use of regulatory ambiguity to keep large institutional flows off the visible tape.
“Price discovery for XRP has been deliberately distorted for years through layered suppression mechanisms,” Aljarrah said. “The 2020 SEC case gave exchanges regulatory cover to restrict or algorithmically deprioritize XRP. What followed was years of fragmented liquidity, spoofing, wash trading on certain venues, and the use of regulatory uncertainty as a tool to keep large flows off the visible tape,” he added.
The consequence, he argues, was a structural information asymmetry. Institutions could accumulate through over-the-counter and private channels while the public market saw mostly manipulated or low-conviction flow. The price visible on screens reflected that engineered environment rather than the underlying demand picture.
The Loading Phase Is Real
Aljarrah argued against the idea that XRP’s price weakness is proof nothing is happening. He acknowledged that the entire market is operating under deflationary pressure, tighter global liquidity, higher real yields, and capital rotating into cash and short-duration assets. XRP, he said, is not exempt from that macro reality.
But he said the current period is structurally different from prior consolidations. XRP has been compressing for multiple years on higher timeframes. Volatility is declining. Ranges are tightening. Volume on down moves is drying up while long-term holder supply continues to rise.
“The loading phase is real when price action aligns with on-chain and structural evidence rather than contradicting it,” he said. “Right now it largely does. This is a classic multi-year base where smart capital can accumulate without triggering obvious signals.”
What Breaks the Suppression
The expert was specific about what he believes will ultimately end the suppression framework. It is not another ETF approval or lawsuit resolution. The breaking point, in his view, is the moment verifiable, high-volume settlement activity begins routing through the XRP Ledger at a scale that cannot be hidden or fragmented by legacy infrastructure.
“Once real economic activity forces transparency, the suppression framework loses effectiveness,” he said. “The last domino is the point at which verifiable, high-volume settlement activity starts routing through the XRPL in a way that can no longer be hidden or fragmented by legacy infrastructure.”
Technical Picture and Risk
On the charts, Aljarrah described XRP as sitting in a multi-year consolidation structure on the weekly timeframe, coiling with progressively lower volatility. Structural support sits near previous cycle lows and the long-term moving average zone. Volume has dried up on declines while long-term holder accumulation continues, which he characterised as classic base-building rather than distribution.
He was careful to say that the current setup does not eliminate near-term downside risk. The market can stay range-bound or move lower for longer than most expect. Another leg down or an extended range remains a real possibility until a sustained breakout with expanding volume above recent consolidation highs occurs.
“Current prices near these levels represent attractive long-term risk/reward for patient capital,” Aljarrah said. “But that does not rule out further downside in the near term if macro liquidity tightens more. At the time of writing, XRP is trading at $1.04 and has slipped into the red zone.
Story Ends Here
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Ripple President Monica Long is scheduled to speak at an upcoming event in Seoul, South Korea, and the community is anticipating her appearance.
According to a tweet from the XRP Seoul X account, the XRP Seoul 2026 event, hosted by XRP Ledger Korea, takes place on October 3 during KBW (Korea Blockchain Week), connecting XRP holders, builders, and ecosystem projects worldwide. Ripple President Monica Long is expected to participate in the event.
We're honored to welcome @MonicaLongSF, President of @Ripple.
Monica leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining in 2013, she's played a pivotal role in driving the company… pic.twitter.com/TCbHhU8up4
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) June 28, 2026 Long leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining, she has played a pivotal role in driving the company at the intersection of TradFi and DeFi. Given this standing, the Ripple president remains a respected authority on XRP, the future of payments and what comes next for the ecosystem.
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The participation by the Ripple President matters, given that Korea has long been one of XRP's most active speculative markets. While Bitcoin and Ethereum usually dominate global exchange activity, Korean traders have most often pushed XRP into the top volume rankings during periods of increased interest, often before volatility spikes.
At the moment, XRP is the second most traded asset by volume on Upbit Korea, South Korea's largest cryptocurrency exchange in terms of both trading volume and customer base.
XRP gains utilityXRP is gaining further utility as Korea's financial technology transitions to blockchain-based solutions. Local developers, startups, and finance-focused teams are using the XRP Ledger (XRPL) infrastructure to create solutions with practical use cases.
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In this light, the Korea Fintech Innovation Program (KFIP) 2026 has become Korea's largest XRPL-native accelerator program to date.
Out of 270 applicants, 12 finalist teams were selected to ship the next chapter of finance on XRPL. XRP Ledger Korea took to X to announce the winners of the KFIP 2026, consisting of five teams.
Here are the AI's precise numbers to watch in July.
It almost feels inevitable at this point. It was hard to imagine 11 months ago, even 6 weeks ago, but the current landscape appears mostly dominated by the bears, and the psychological $1.00 level has come into focus.
Remember how XRP stood at $3.65 last July? Even the subsequent rejections and corrections that managed to drive it below $3.00 and eventually $2.00 seemed bad enough, but a breakdown below $1.00 was almost out of the question. However, such a probability is highly anticipated now, with BTC seemingly losing the $60,000 support.
XRP dumped to $1.01 on Thursday when the entire market crashed. The question is, and we asked ChatGPT about it, how low can the token go if that coveted support breaks?
Might Not Stop Soon The popular AI solution warned that if $1.00 falls cleanly by the end of June or in July, it “may not stop at $0.99.” Instead, a decisively daily close below the round-numbered support will likely turn that level into resistance. If that’s the case, then the first downside target sits between $0.96 and $0.94. Although this could mark the “first wave of damage,” it won’t necessarily mean it’s the bottom.
The actual danger, though, comes if XRP loses $0.94. ChatGPT warned that the asset’s path to $0.90 will be wide open. If panic accelerates, the next precise downside zones are $0.87, $0.82, and $0.78, which align with some popular analysts’ views on the token’s potential bottom.
The worst-case scenario for XRP in July would be a crash to $0.65, ChatGPT said.
“That level matters because it sits far enough below obvious support to flush late buyers, liquidate leveraged longs, and reset sentiment completely. It would represent a 35% collapse from $1.00 and a nearly 40% drop from the current $1.05 area.”
On the Contrary OpenAI’s solution outlined a different scenario in which the XRP bulls defend the $1.00 support and the broader market’s environment improves, or at least doesn’t deteriorate further. Ripple’s token would need to reclaim the first major resistance levels at $1.08 and $1.10 before it can receive some breathing room, as such a rebound would invalidate the bearish thesis of a plunge below $1.00.
You may also like: Ripple (XRP) Boosts Global Blockchain Adoption With Over $70M in Donations XRP’s Slide to Sub-$1.00 Could Set Up ‘Risk-Reward’ Zone: Analyst XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low However, until XRP indeed goes beyond $1.10 and closes above it, every bounce will appear less like recovery and “more like another chance for sellers to reload” and push it south to under $1.00 territory.
Ripple President Monica Long is set to appear at XRP Seoul 2026, adding a major company voice to one of Asia’s key XRP-focused events.
Summary
Monica Long’s Seoul appearance comes as Korea remains one of XRP’s most active trading markets. XRP Seoul will connect holders, builders, and projects during Korea Blockchain Week on October 3. Ripple’s Korea ties now span custody, tokenized bonds, XRPL projects, and local developer programs. The event will take place on October 3 during Korea Blockchain Week. It will bring together XRP holders, XRP Ledger builders, ecosystem projects, and companies working on blockchain finance.
Monica Long joins XRP Seoul lineup The XRP Seoul account said it was “honored to welcome” Long to the event. The post described her as a leader across Ripple’s business, product, and engineering teams.
Long has worked at Ripple since 2013. The event page says she has helped build the company into a “one-stop shop to move, manage, hold and tokenize value.”
We're honored to welcome @MonicaLongSF, President of @Ripple.
Monica leads Ripple's Business, Product and Engineering teams, building Ripple into a one-stop shop to move, manage, hold and tokenize value. Since joining in 2013, she's played a pivotal role in driving the company… pic.twitter.com/TCbHhU8up4
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) June 28, 2026 Her role gives the event added weight for XRP supporters. Ripple remains closely linked to XRP through its holdings, payments work, stablecoin strategy, custody services, and use of XRP Ledger infrastructure.
The appearance also comes as Korea Blockchain Week lists Long among its 2026 speaker lineup. The main KBW conference runs from September 30 to October 1 in Seoul.
Korea remains a major XRP market South Korea has long been one of XRP’s most active retail markets. In a recent Korea and Japan trading review, XRP trading on Upbit and other Korean platforms stood out during several periods of strong market activity.
In May, XRP’s Korean won pair also led Upbit volumes after Hana Bank moved to buy a large stake in Dunamu, the operator of Upbit. As previously reported, XRP outpaced Bitcoin and Ethereum in 24-hour volume on the exchange at that time.
That trading pattern explains why Seoul is a key place for an XRP event. Korean traders often drive sharp moves in XRP volume during market cycles.
XRP Seoul 2026 says it will focus on XRP Ledger growth, institutional adoption, and real-world use cases. The official event site says it expects more than 3,000 attendees and over 100 companies.
XRPL activity expands in Korea Ripple’s work in Korea goes beyond token trading. In May, Ripple Custody signed a deal with Kyobo Life Insurance to pilot near real-time settlement of tokenized Korean government bonds.
As previously reported, the pilot uses Ripple Custody to hold, transfer, and settle tokenized bonds. The project also explores stablecoin payment rails through RLUSD.
Local XRPL groups are also supporting developer activity. XRPL Korea lists the Korea Financial Innovation Program 2026 as a three-month path for teams building blockchain-based finance products.
That effort gives XRP Seoul a builder angle, not only a market angle. The event will likely give projects a stage to show how they use XRPL for payments, tokenization, custody, and other financial products.
XRP utility remains under debate Long’s appearance comes as XRP holders continue to question how Ripple’s business growth connects to the token. Recent coverage has tracked Ripple’s moves toward banking, stablecoins, custody, and deeper ties with traditional finance.
A recent analysis of Ripple’s bank strategy said RLUSD may benefit first from a trust charter and Fed master account path. Another SWIFT strategy report noted that Ripple now appears more focused on working with bank messaging systems than replacing them.
That leaves XRP’s direct role under close review. Some holders want clearer proof that Ripple’s new deals create lasting demand for XRP, not only for Ripple products.
XRP Seoul gives Long a public stage to address that gap. Her comments may help show how Ripple sees XRP, RLUSD, custody, tokenized assets, and Korean market growth fitting into the same plan.
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While XRP price is breaking through local lows, the real and far more important story is unfolding directly inside the blockchain. Over the past two weeks, on-chain engagement in the XRP Ledger has jumped by 71.7%, according to Ali Martinez and Santiment, increasing the number of daily active addresses from a stagnant 23,000 to more than 39,500.
This sudden revival points to a deeper shift in XRP users' behavior that is happening separately from the current price action, where the coin remains trapped in a downtrend near the $1.04 mark and is testing a local support level.
Unexpected force behind XRP's 71% network surgeThe "Active Addresses" metric captures not just speculative trades, but the activity of unique wallets: users have started actively moving funds, interacting with smart contracts, or redistributing their positions inside the network.
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In practice, such concentrated spikes have historically signaled hidden portfolio rebalancing by whales or a phase of quiet accumulation, directly linking the technical health of the blockchain to its market prospects, since large players always move capital long before real commercial payment flows grow within the XRPL ecosystem.
Daily active addresses in XRP network, Source: SantimentAt the same time, the chart shows that XRP price is currently trading well below its moving averages, with EMAs at $1.12 and $1.24, pointing to a strong divergence between falling market value and rising fundamental indicators.
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In the cryptocurrency industry, on-chain activity often serves as a leading indicator, since market value usually follows network utility, while "sleeping" blockchains rarely manage to sustain upward trends.
The fact that the XRP Ledger has delivered such a powerful spike in on-chain metrics in just 14 days may catch traders off guard — the network has officially awakened, and now the only question is how quickly this inflow of liquidity can reverse the chart and push the price toward the nearest key resistance around $1.50.
Ripple settled a tokenized Treasury with JPMorgan in five seconds, expanded a stablecoin deal across Latin America, and powered remittances to 170 million people. The catch for XRP holders: the cash leg in deal after deal is RLUSD, Ripple’s dollar stablecoin, not XRP. Here is whether the token they hold is being quietly sidelined by the company built around it.
Summary
Ripple’s biggest recent wins, a five-second tokenized Treasury settlement with JPMorgan and Mastercard, a stablecoin expansion across Latin America, and a major remittance deal, increasingly use RLUSD, Ripple’s dollar stablecoin, as the cash leg rather than XRP. RLUSD crossed $1 billion in market value quickly and is becoming the settlement asset enterprises actually want, raising the question of whether it is taking the role XRP was built to play. The pattern reflects a real tension: Ripple the company keeps winning institutional deals, while XRP the token stays pinned near a dollar, beneath every major moving average. The bullish counterargument is that Ripple is the largest XRP holder with aligned incentives, that RLUSD and XRP serve different functions, and that ledger activity can still benefit XRP indirectly. For holders, the question is whether XRP’s value will accrue from network usage and catalysts like the CLARITY Act and ETF flows, or whether RLUSD will capture the settlement demand XRP was meant to capture. In June 2026, Ripple completed something that should have been a milestone for XRP. Working with JPMorgan, Mastercard, and the tokenization firm Ondo Finance, it settled the cross-border redemption of a tokenized U.S. Treasury fund across banks on the XRP Ledger, and the blockchain leg finalized in under five seconds, against the one to three business days the same transaction can take on traditional rails. It was a genuine showcase of what Ripple’s technology can do, the kind of institutional validation the XRP community has predicted for years.
NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4
— crypto.news (@cryptodotnews) June 12, 2026 And yet there was a detail in it that has become the defining unease for XRP holders: the cash leg of that settlement used RLUSD, Ripple’s dollar-pegged stablecoin, not XRP. The same pattern has repeated across Ripple’s other recent wins. A partnership expanding stablecoin settlement across Latin America runs on a regulated peso-backed stablecoin issued on the XRP Ledger and integrated with Ripple’s infrastructure, while a major remittance deal reaching 170 million people uses RLUSD as the primary settlement asset. Deal after deal, Ripple keeps winning, and deal after deal, the asset doing the actual settling is increasingly a stablecoin, while XRP trades near a dollar and change as though none of it is happening.
This is the question that has moved to the center of the XRP story, and it is a fair and uncomfortable one: if every Ripple win runs on RLUSD rather than XRP, is the token being quietly sidelined by the very company built around it? The concern is not baseless, because it touches the oldest puzzle in the XRP thesis, the gap between Ripple’s corporate success and XRP’s token price, and gives it a specific, mechanical explanation. But it is also not the whole story, because there are real counterarguments about why RLUSD and XRP are not simply competitors, why Ripple’s incentives remain aligned with holders, and how ledger activity can still benefit the token.
This piece works through both sides honestly. It lays out the pattern of RLUSD showing up where holders expected XRP, explains what RLUSD is and why enterprises prefer it for settlement, examines whether the stablecoin is cannibalizing XRP’s intended role, presents the bullish case that the two assets are complementary, and arrives at a grounded view of what holders should actually take from it. The goal is neither to stoke the fear nor to dismiss it, but to give holders an accurate read on whether their token is being left behind.
The pattern: RLUSD where holders expected XRP Start with the pattern itself, because it is real and worth seeing clearly across the recent run of Ripple announcements. The flagship example is the tokenized Treasury settlement with JPMorgan, Mastercard, and Ondo Finance. For years, the XRP pitch held that cross-border institutional settlement was exactly what XRP was built for, the bridge asset that would let value move between currencies and institutions in seconds. When Ripple finally delivered a marquee demonstration of that capability, settling a tokenized Treasury redemption across borders and banks in under five seconds, the XRP Ledger provided the rails, but RLUSD provided the cash leg.
That detail matters because it changes what the event proved. It proved that the XRP Ledger can support serious institutional flows, with names that compliance departments recognize and a settlement speed legacy rails cannot match. But it did not prove that XRP the asset sits at the center of the payment, because the money leg moved through a stablecoin rather than the volatile token. As previously reported, Ripple’s tokenized Treasury settlement with JPMorgan showed that the ledger can win important business before the token captures meaningful demand.
The same shape recurs elsewhere. Ripple expanded a payments partnership in which a regulated peso-backed stablecoin is issued on the XRP Ledger and integrated into Ripple’s payment infrastructure to support enterprise stablecoin settlement across Latin America. Ripple also backed Flutterwave in a round that valued the African payments company at $3.2 billion, with RLUSD positioned for use across payment rails that reach a very large user base. In each case, the XRP Ledger and Ripple’s infrastructure become more relevant, but the settlement asset is a stablecoin.
Across these deals, the consistent feature is that the XRP Ledger, the blockchain Ripple built and that XRP is native to, is doing real and valuable work, but the asset moving through it as money is increasingly a stablecoin rather than XRP. This is what gives the holder concern its force: it is not a single anomalous deal but a repeated pattern in which Ripple’s institutional wins showcase the ledger and the company’s technology while routing the actual settlement value through RLUSD or another stablecoin. For holders who bought XRP on the thesis that institutional settlement demand would drive token demand, watching that settlement demand flow through a stablecoin instead is a legitimate cause for unease. The first honest step is simply to acknowledge that the pattern is real.
What RLUSD is and why enterprises prefer it To judge whether this pattern is a problem, you have to understand what RLUSD is and why enterprises keep choosing it, because the answer explains the dynamic without requiring any conspiracy against XRP. RLUSD is Ripple’s dollar-pegged stablecoin, a token designed to hold a steady value of $1, backed by reserves, and issued on the XRP Ledger and other chains. It crossed $1 billion in market value quickly after launch, a sign of real demand, and it has become the asset Ripple increasingly puts forward as the cash leg in its enterprise settlements.
The reason enterprises prefer a stablecoin for the money side of a transaction is straightforward and has nothing to do with any view about XRP. Businesses settling real-world value need price stability. When a company moves money across borders, it wants the amount it sends to equal the amount that arrives, with no exposure to price swings in between. XRP, like any freely traded cryptocurrency, fluctuates in price, which makes it difficult to use as the unit in which an enterprise wants to denominate and hold a settlement, even if it can still work as a bridge for moving value quickly.
A stablecoin solves this by holding a fixed dollar value, so the enterprise can settle in something that behaves like the dollars it already thinks in. This is why, across the industry and not just at Ripple, stablecoins have become the dominant on-chain settlement instrument: they combine the speed and programmability of crypto with the price stability that commerce requires. RLUSD is Ripple’s entry into that category, and its growing use in Ripple’s deals reflects the same market logic that has made stablecoins central everywhere. For readers who want the basics, how RLUSD holds its dollar peg is the starting point for understanding why enterprises gravitate toward it.
The same logic explains why exchange and liquidity integrations matter. When RLUSD is listed with XRP pairs and broader access, the stablecoin becomes easier to move, price, and route through the infrastructure Ripple wants enterprises to use. That helps Ripple’s payments stack, and it can deepen activity on the XRP Ledger, but it still does not mean every dollar of settlement creates direct XRP demand. The holder question is what remains for XRP once the stablecoin has taken the stable cash role.
Understanding this matters because it reframes the concern. RLUSD is not showing up in Ripple’s settlements simply because Ripple is trying to sideline XRP; it is showing up because enterprises asked for a stable settlement asset and Ripple built one to give them. That is a rational business decision for Ripple and a useful product decision for institutions. The harder question is whether that useful product decision narrows the value-accrual path that XRP holders were counting on.
Is RLUSD cannibalizing XRP’s role? This is the crux of the matter, and it deserves to be stated plainly: there is a real argument that RLUSD is taking the settlement role XRP was originally meant to play. The classic XRP thesis cast the token as the bridge asset for cross-border value transfer, the thing that would sit in the middle of international settlements, moving value between currencies in seconds and capturing demand as global payment volume flowed through it. Stablecoins complicate that thesis directly, because a dollar stablecoin can perform much of the cross-border settlement function that XRP was built for, moving value quickly and programmably while also offering the price stability XRP cannot. If enterprises can settle in RLUSD on the XRP Ledger, getting the speed of the ledger without the volatility of the token, then the specific demand driver that was supposed to accrue to XRP may instead accrue to the stablecoin.
This is the structural worry beneath the holder concern, and it is not easily waved away. The bull case for XRP has long depended on the idea that Ripple’s growing settlement business would translate into demand for the token, but if the settlement business increasingly runs on RLUSD, that translation weakens. Ripple’s institutional infrastructure could keep growing impressively, opening corridors and closing deals, while the value of that growth flows through stablecoins and fiat instead of driving XRP token demand. That would leave the familiar gap between corporate progress and token price not just intact but mechanically explained.
The token could end up as the rails, valuable to the system but not the asset that captures the economic value moving across it. This is the version of events that should genuinely concern holders, and it is why the RLUSD pattern is more than a cosmetic detail. It points to a possible future in which XRP’s network succeeds, Ripple thrives, RLUSD becomes a major settlement asset, and XRP the token still struggles to convert all of that activity into sustained demand because the demand has a stablecoin to flow into instead. That is also why the older question of XRP’s bridge-asset role needs to be revisited rather than repeated as if nothing has changed.
There is a broader parallel here with other infrastructure tokens. A network can be useful without its native token absorbing the full value of that usefulness, especially when users can interact with the network through stable assets, tokenized deposits, or application-level instruments. XRP holders have already seen this in miniature: the ledger gets institutional proof points, Ripple gets business wins, and XRP gets fees, reserves, or optional routing rather than obvious direct demand. Whether that is enough depends on scale, and that scale has not yet shown up in the price.
The bullish case: complementary, not competing The other side of this debate is serious and deserves a full hearing, because the framing of RLUSD versus XRP as a zero-sum contest may be too simple. The first counterargument is that RLUSD and XRP serve different functions and can coexist productively. A stablecoin is the cash leg, the stable unit in which value is denominated and held. XRP, in the bridge role, can still serve as the connective asset that moves value between different currencies and stablecoins, the neutral intermediary in a world where many different fiat-backed stablecoins exist and need to be exchanged.
In this view, a proliferation of stablecoins actually increases the need for a neutral bridge asset to move between them, and XRP could capture that role precisely because it is not tied to any single currency. RLUSD handles the dollar leg, MXNB handles the peso leg, and other stablecoins can handle other currencies or jurisdictions. XRP can then sit between those assets when liquidity is fragmented, routing value across the ledger’s exchange and payments infrastructure. That is a more modest thesis than “XRP becomes the cash leg of global settlement,” but it is not an irrelevant one.
The second counterargument concerns incentives. Ripple is the largest single holder of XRP, which means the company has a powerful, built-in economic reason to drive the token’s value and usage that does not depend on any promise. Every corridor Ripple opens, every institution it onboards, and every unit of activity it brings to the XRP Ledger can eventually matter to XRP if that activity creates fees, reserves, routing, liquidity depth, or bridge demand. From this angle, Ripple building a successful stablecoin is not a betrayal of XRP holders but an expansion of the ecosystem XRP sits inside.
Even RLUSD, issued on the XRP Ledger, can support XRP indirectly by increasing ledger activity and making the network more useful to institutions. That is the strongest version of the complementary thesis: stablecoins bring institutions onto the rail, and once they are there, XRP has more chances to serve as liquidity, routing, or bridge infrastructure. The weakness is timing and certainty. Indirect value can take years to show up, and investors do not price “maybe someday” the same way they price direct, measurable demand today.
The third point is that XRP’s strongest catalysts were never really about being the settlement cash leg in the first place. The most powerful drivers of XRP’s potential value, regulatory clarity from the CLARITY Act, compounding ETF inflows, and broad adoption of the ledger, operate largely independent of whether RLUSD or XRP is the cash leg in any given deal. On this reading, holders fixating only on the RLUSD-versus-XRP question are watching one important variable, but not the only variable. The better question is whether the total system being built around XRP Ledger becomes large enough that XRP’s indirect roles finally matter.
The value-accrual problem at the heart of it Step back and the RLUSD debate is really a specific instance of the deepest question in the entire XRP story, the one that has defined the token through 2026: how, exactly, does value accrue to XRP? A blockchain network can succeed enormously while the token native to it struggles if the activity on the network does not translate into sustained demand for the token. This is the puzzle XRP holders have lived with all year, watching Ripple rack up settlements, stablecoin launches, banking moves, and enterprise deals while the token stayed pinned near a dollar beneath every major moving average. The RLUSD pattern sharpens this puzzle by identifying a concrete reason the translation might be failing.
If the settlement value that was supposed to flow into XRP flows into RLUSD instead, then network success and token demand decouple in exactly the way the price action suggests. That is why the issue is bigger than one JPMorgan test or one Flutterwave deal. It is about whether XRP captures the economic value of the ledger it secures and powers, or whether it becomes a necessary but low-fee native asset beneath higher-value instruments. In previous coverage, this was the same basic dilemma behind the company-versus-token gap up close: Ripple can become more valuable without XRP necessarily moving in lockstep.
The honest framing is that XRP’s range-bound behavior is less a mystery than a predictable feature of how value accrues, or fails to accrue, to a token whose network can succeed without it. The waiting ends only when usage and token demand finally converge, and that convergence requires specific things to happen. Settlement volume needs to become large enough that fees, reserves, routing, and ecosystem use begin to matter against the enormous XRP supply locked in escrow. ETF flows also need to compound instead of trickle, while a regulatory catalyst like the CLARITY Act needs to cross the line to pull institutional money off the sidelines.
RLUSD’s rise is relevant because it bears on the first of those channels, the settlement-volume channel, by raising the possibility that volume accrues to the stablecoin instead of the token. But it is only one of several channels, and the others, ETF demand and regulatory clarity, could drive XRP regardless of what settles Ripple’s deals. That is why the catalyst that drives XRP regardless still matters to holders even if RLUSD keeps winning the cash-leg role. The realistic synthesis is that the RLUSD pattern is a genuine headwind to one specific version of the XRP value-accrual thesis, the bridge-asset-settlement version, while leaving the regulatory-unlock and ETF-demand versions largely intact.
What holders should take from it So should XRP holders worry about RLUSD, and if so, how much? The grounded answer is that the concern is legitimate but should be held in proportion, neither dismissed nor allowed to dominate. The legitimate part is that RLUSD genuinely does weaken the specific thesis that institutional settlement demand would flow into XRP. In deal after deal, that demand is flowing into the stablecoin instead, and holders who bought XRP primarily on the bridge-asset-settlement story should update on that evidence instead of ignoring it.
If your entire case for XRP rested on the idea that Ripple’s settlement business would mechanically drive token demand, the RLUSD pattern is a real challenge to that case and worth taking seriously. Pretending the token is the cash leg when it increasingly is not would be wishful thinking. The question is no longer whether Ripple is winning, because it clearly is. The question is whether XRP captures enough of those wins to justify the token thesis on its own terms.
The proportion part is that the bridge-asset-settlement story was never the only pillar of the XRP thesis, and arguably not even the strongest one. The catalysts most capable of moving XRP, statutory clarity from the CLARITY Act and the institutional ETF demand it could unlock, operate largely independent of whether RLUSD or XRP settles any given transaction. Ripple’s status as the largest XRP holder also keeps its incentives aligned with the token even as it builds RLUSD. The stablecoin may be the product enterprises want now, but XRP remains the native asset inside the ecosystem those enterprises are entering.
The most useful posture for a holder is therefore to treat the RLUSD pattern as important information about where one channel of demand is going, while keeping attention on the channels that matter more: regulatory progress, ETF flows, and whether ledger activity overall, RLUSD included, grows large enough to support the token through fees, reserves, routing, and ecosystem demand. For price-focused readers, what the gap means for price is the practical version of the same question. If XRP keeps failing to convert Ripple’s wins into token demand, the chart will continue to reflect that. If regulatory clarity, ETF inflows, and ledger usage finally converge, RLUSD may look less like a replacement and more like the stablecoin that helped bring institutions onto the rail.
The deepest truth here is that XRP’s fate depends on the convergence of usage and token demand, and RLUSD is one factor among several bearing on that convergence. It is a headwind to one pillar instead of the collapse of the whole case. Holders should worry enough to watch it closely and to be honest about which version of the XRP thesis it undercuts, but not so much that they lose sight of the larger catalysts that will ultimately determine whether the token finally breaks its range.
Frequently asked questions What is RLUSD? RLUSD is Ripple’s dollar-pegged stablecoin, a token designed to hold a steady value of $1, backed by reserves, and issued on the XRP Ledger and other blockchains. It crossed $1 billion in market value quickly after launch, reflecting real demand, and Ripple increasingly puts it forward as the cash leg, the stable settlement asset, in its enterprise deals. Because it holds a fixed dollar value instead of fluctuating like XRP, RLUSD is suited to the role of denominating and settling real-world value, which is why it has become central to Ripple’s institutional settlement business and to the debate about what that leaves for XRP.
Why do Ripple’s deals use RLUSD instead of XRP? Because enterprises settling real-world value need price stability, and a stablecoin provides it while XRP does not. When a business moves money across borders, it wants the amount it sends to equal the amount that arrives, with no exposure to price swings in between. XRP fluctuates in price, which makes it useful as a fast bridge for moving value but difficult as the unit an enterprise wants to hold and settle in. RLUSD holds a fixed dollar value, so enterprises can settle in something that behaves like the dollars they already use.
Is RLUSD replacing XRP? Not exactly, though it is taking part of the role XRP was originally pitched for. The classic XRP thesis cast the token as the bridge asset for cross-border settlement, and a dollar stablecoin can perform much of that settlement function while also offering price stability XRP lacks, so RLUSD does compete with one version of XRP’s intended purpose. The counterargument is that the two are complementary: RLUSD handles the dollar cash leg, while XRP can serve as the neutral bridge that moves value between many different currencies and stablecoins. A world of many stablecoins may actually increase the need for a neutral bridge asset, a role XRP could fill.
Does RLUSD’s success hurt XRP holders? It weakens one specific pillar of the XRP bull case, the idea that Ripple’s settlement business would mechanically drive XRP token demand, because that settlement demand increasingly flows into RLUSD instead. Holders who bought XRP primarily on that bridge-asset-settlement story should take the pattern seriously. However, RLUSD runs on the XRP Ledger, generating activity, fees, reserves, and ecosystem growth that can indirectly support XRP, and Ripple, as the largest XRP holder, keeps its incentives aligned with the token. The stronger XRP catalysts, regulatory clarity and ETF demand, operate largely independent of which asset settles a given deal, so RLUSD is a headwind to one pillar instead of the collapse of the whole case.
What actually drives XRP’s value then? XRP’s value depends on the convergence of network usage and token demand, which requires specific things to happen. Settlement and ecosystem activity must become large enough that fees, reserves, routing, and demand begin to matter against the large XRP supply locked in escrow. Spot ETF inflows also need to compound, and a regulatory catalyst like the CLARITY Act needs to cross the line to pull institutional money off the sidelines. These channels, particularly the regulatory unlock and ETF demand, operate largely regardless of whether RLUSD or XRP settles any individual transaction.
Should I sell XRP because of RLUSD? This article does not give investment advice, and that decision depends on your own analysis and circumstances. What the analysis offers is a framework: RLUSD truly weakens the bridge-asset-settlement version of the XRP thesis, so if that was your primary reason for holding, the pattern is a real challenge worth weighing honestly. But it leaves the regulatory-clarity and ETF-demand versions of the thesis largely intact, and Ripple’s incentives remain aligned with XRP as its largest holder. The proportionate response is to watch the RLUSD trend closely and be honest about which pillar it undercuts, while keeping the larger catalysts in view instead of reacting to a single factor in isolation.
This article is information, not investment advice. Partnership details, settlement mechanics, market values, and corporate plans reflect reporting available as of June 28, 2026, and can change quickly. The relationship between RLUSD and XRP is an evolving and debated topic. Nothing here is a recommendation to buy or sell XRP, RLUSD, or any asset. Verify current details from primary sources and consider your own circumstances before making any decision.
As the price of XRP slips below recent short-term lows, on-chain data reveals a significant uptick in network activity. Based on insights from analyst Ali Martinez, referencing Santiment data, the number of daily active addresses on the XRP Ledger has skyrocketed by 71.7% over the past two weeks—from approximately 23,000 to more than 39,500.
On-chain activity acceleratesThis substantial increase signals a shift in user behavior that runs counter to the weak price trend visible on the chart. While XRP continues to drift downward around $1.04, the simultaneous surge in wallet activity across the network has caught market watchers’ attention.
The active addresses metric encompasses not only trading but also the total unique wallets conducting transactions on the network. This rise suggests users are moving funds, ramping up their network engagement, and actively readjusting their portfolios.
The leap in daily active addresses on the XRP Ledger from 23,000 to over 39,500 in 14 days points to a robust recovery in network usage, even as the price remains subdued.
Speculation grows around large investor movesHistorically, such sharp increases in network activity have often been linked to major investors quietly shifting positions or accumulating holdings in stages. As a result, the latest figures highlight not just a spike in short-term user interest, but also bring deeper capital flows into focus.
The XRP Ledger is the blockchain infrastructure that underpins payments and asset transfers within the Ripple ecosystem. Although spikes in transaction activity don’t always correlate with changes in market capitalization, on-chain resurgences like this one are closely monitored for clues about XRP’s medium-term prospects.
A divergence emerges between price and core metricsFrom a technical standpoint, XRP continues trading below its moving averages, reinforcing a bearish outlook. Exponential moving averages currently hover at $1.12 and $1.24, highlighting a stark contrast between declining market value and strengthening network engagement.
In the cryptocurrency world, on-chain momentum is often viewed as a leading indicator. Increased network usage can fuel expectations of price follow-through in the coming periods, while stagnant networks tend to struggle to sustain upward moves.
The strong uptick over the past two weeks may signal growing liquidity flows into XRP. Going forward, the key question for the market will be whether this heightened activity can alleviate pressure on the price and help fuel a recovery toward the critical resistance zone near $1.50.
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 at $1.05. Flat-ish on the day. Down almost 8% on the week. Still clinging to $1 (live XRP price on CoinGecko).
But the price is not the most interesting thing happening to XRP right now. The most interesting thing is a fight. Ripple’s CEO just publicly blamed one of Bitcoin’s biggest names for hurting the entire crypto market. And honestly? He has a point.
Let me break it down.
The feud: Garlinghouse vs Saylor Brad Garlinghouse runs Ripple, the company behind XRP. This week he went on the record and pointed a finger straight at Michael Saylor’s Strategy.
His argument: Strategy’s preferred-stock funding model, the financial machine Saylor built to buy Bitcoin, is “financial engineering” that distracted the market and ultimately hurt crypto. His evidence? STRC, one of those Strategy securities, just slid to a record low. And as we covered, Strategy’s stock has now fallen below the value of its own Bitcoin. The machine is sputtering.
Now, keep in mind the obvious: Garlinghouse runs a Bitcoin rival. He has a reason to take shots. But that does not mean he is wrong. Strategy’s funding model genuinely is under stress, its premium has inverted, and the broader market did get caught up in the “buy Bitcoin with leverage” narrative that is now unwinding. So this is a self-interested jab that also happens to land.
Why this matters for XRP Here is the connection. Garlinghouse is drawing a line between two philosophies. On one side, Saylor’s leverage-and-financial-engineering approach. On the other, Ripple pitching XRP as actual utility, real-world payments, institutional rails, regulated products. The subtext: XRP is the grown-up in the room.
Whether you buy that or not, it is a deliberate positioning move at a moment when the leverage model is visibly struggling. Ripple wants XRP seen as the substance to Strategy’s spectacle. The timing, right as Strategy’s stock falls below its Bitcoin, is not an accident.
Meanwhile, the CLARITY Act is stuck on one provision XRP’s biggest catalyst, the CLARITY Act, is still jammed up, and now we know exactly where. The sticking point is Section 604.
That provision would establish that non-custodial blockchain developers are not money transmitters. Sounds technical, but it is the fight. Nearly 100 Catholic bishops and an anti-trafficking group argue Section 604 creates loopholes that traffickers and criminals could exploit. Crypto advocates fire back that it just protects software developers from being regulated like banks. Either way, the bill is stuck behind this argument, with a July 17 hearing as the next checkpoint.
So XRP’s catalyst is not just “delayed” in some vague way. It is hung up on one specific, contested section. That is worth knowing.
The price reality Back to the chart, because it is tense. XRP at $1.05 is a nickel above $1.00, the floor it has defended this entire correction. It is the weakest major coin this week. Sellers keep breaking support. Every bounce fails.
But here is a fact that does not get enough attention: XRP exchange balances have dropped to 2021 lows, with over 570 million tokens moving into long-term wallets this year. Translation: holders are pulling XRP off exchanges and sitting on it, not selling. That is accumulation, quietly, under an ugly price.
The levels Down: $1.00 is the line. Below it, $0.95 then $0.90.
Up: reclaim $1.12, then $1.20 to say the downtrend is breaking.
Bottom line XRP at $1.05 is fighting for $1 while its CEO picks a very public, very pointed fight with Saylor, and lands some real hits. The CLARITY Act is stuck on Section 604 until at least July 17. Near-term, the price is weak, no sugarcoating it.
But underneath: exchange balances at 2021 lows, holders accumulating, ETF inflows continuing, Ripple positioning XRP as the substance play while the leverage model wobbles. Watch $1.00 above everything. Hold it and XRP survives this. Lose it and the next leg opens. That is where things stand, and it comes down to a nickel.
FAQ What is the XRP price today?
XRP is trading at $1.05 on June 28, 2026, roughly flat on the day but down almost 8% on the week, the weakest major coin, clinging to the critical $1.00 level.
What did Ripple’s CEO say about Saylor?
Ripple CEO Brad Garlinghouse called Strategy’s preferred-stock funding model “financial engineering” that distracted the market and hurt crypto, pointing to STRC’s slide to a record low as evidence. He runs the company behind XRP, a Bitcoin rival.
What is Section 604 of the CLARITY Act?
Section 604 would establish that non-custodial blockchain developers are not money transmitters. Anti-trafficking groups argue it creates loopholes criminals could exploit, while crypto advocates say it protects developers from bank-like regulation. The dispute has stalled the bill.
Will XRP fall below $1?
It is a real risk. At $1.05, XRP is a nickel from $1.00, the floor it has defended all correction. Sellers keep breaking support. However, exchange balances at 2021 lows show holders are accumulating, not selling.
What are the key XRP levels to watch?
Down: $1.00 is critical, then $0.95 and $0.90. Up: XRP needs to reclaim $1.12, then $1.20 to signal the downtrend is breaking.
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XRP dipped all the way to the 1 dollar mark on Friday, putting this key threshold to the test once again. As selling pressure remained strong throughout the week, market participants closely watched the US Personal Consumption Expenditures (PCE) index for May, one of the Federal Reserve’s preferred gauges of inflation. The data hinted that inflation is proving more persistent than anticipated, prompting a cautious tone toward riskier assets.
Short term scenarios dominate the XRP outlookOver the course of three straight days, XRP declined and tested the heavy trading zone around 1.06 dollars, seeing about 830 million XRP change hands at this level. However, buyers struggled to hold the support and the price retreated to the 1 dollar boundary.
Following Friday’s low, buying interest emerged and the recovery extended into Saturday. Over the past 24 hours, XRP has gained 2.95 percent, most recently trading at 1.07 dollars. The key near-term question is whether support at 1.06 dollars can be reestablished, allowing the bounce to continue.
Analysts now see three possible paths for XRP in the short run: a continued recovery, a period of sideways movement, or a decline below 1 dollar.
Alternatively, if the market waits for fresh direction, the price could remain stuck in a narrow band. However, should the current levels fail, a fresh drop below the psychological 1 dollar mark may become likely, drawing attention to previous zones of strong trading activity as potential supports.
According to crypto analyst Ali, if XRP breaks below the critical 1 dollar level, three key price supports come into focus. Roughly 923 million XRP changed hands at 0.80 dollars, 1.16 billion at 0.62 dollars, and 1.06 billion at 0.51 dollars—areas where heavy historical trading activity makes them likely candidates for a potential price floor.
LevelXRP Traded (million)Significance1.06 dollars830Key near-term support and resistance0.80 dollars923First major support0.62 dollars1,160Deeper retracement target0.51 dollars1,060Lower support bandXRP Ledger takes the lead in RLUSD supplyA major development for the Ripple ecosystem this week involved RLUSD, Ripple’s dollar-pegged stablecoin. For the first time, on-chain supply of RLUSD on the XRP Ledger has surpassed that on Ethereum. Data tracking Ripple stablecoins shows 810 million dollars’ worth of RLUSD now circulating on XRP Ledger, while supply on the Ethereum network remains at approximately 760 million dollars.
XRP Ledger is Ripple’s proprietary blockchain network, widely used for cross-border payment solutions. RLUSD—a stablecoin tied to the US dollar—is designed for both institutional and retail payments across different platforms within the Ripple ecosystem.
RLUSD’s in-circulation supply on XRP Ledger reached 810 million dollars, while on the Ethereum network, the figure stood at 760 million dollars.
Regulatory green light for RLUSD in JapanJapan’s Financial Services Agency (FSA) has now officially recognized RLUSD under the country’s Payment Services Act as a new kind of electronic payment instrument. This move paves the way for Ripple’s stablecoin product to be used within Japan’s regulated financial markets.
Plans are in place to offer RLUSD in Japan through SBI VC Trade, making it available to both institutional investors and individual users. SBI VC Trade operates as a crypto platform under the umbrella of Japan’s financial giant SBI Holdings, expanding its product lineup to include the new stablecoin.
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.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
The evident divergence in how ETF investors behave toward the largest cryptocurrencies by market cap continues. The past week saw some record-setting withdrawals from the BTC funds, but those following HYPE and XRP have maintained their green dominance.
At the same time, the SOL funds have turned red after the previous week’s positive performance.
XRP and HYPE Still Dominate CryptoPotato reported last week that the spot ETFs tracking HYPE, XRP, and SOL defied the trend set by the two largest digital assets and attracted notable capital. The trend extended in the past week for two of those assets, and one day was particularly positive for the HYPE funds.
Data from SoSoValue reveals that Thursday stands out with just over $108 million in net inflows, making it by far the best single-day performance from the funds. With a lot more modest $1.46 million on Tuesday and $1.82 million on Friday, the week ended with $111.36 million in net inflows. It also set the record for the most significant weekly inflows, surpassing the previous of $72.38 million marked during the funds’ second week of existence.
The spot XRP ETFs also ended the week strongly, albeit nowhere near HYPE’s Thursday inflows. They attracted $15.63 million on Friday, building on the $5.31 million on Monday and $2.05 million on Wednesday. With Tuesday and Thursday being $0.00 days, the week ended with $23 million in net inflows, the best in a month and a half.
The cumulative total net flows have risen to another all-time high of $1.47 billion. Moreover, both XRP and HYPE ETFs have been on a green-only weekly streak for 8 and 7 consecutive weeks now, respectively.
SOL Joins BTC and ETH While the HYPE and XRP products have continued their impressive streak, SOL has fallen behind with a $3.8 million net outflow. Thus, the Solana ETFs have joined the two market leaders.
You may also like: Hyperliquid Responds After Appearing on Singapore’s Investor Alert List Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha The spot Bitcoin ETFs registered another massive withdrawal in the past week, with nearly $1.8 billion leaving the funds. This was their second-worst weekly performance in their 2.5-year history. The Ethereum funds were also in the red, with more than $273 million withdrawn.
0.2. Key Takeaways0.4. Crypto Market Snapshot — June 28, 20260.6. Fear & Greed Index: 18 — Cycle Low Sentiment0.8. Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved0.10. Ethereum: $1,579, Tightest MA Compression of the Cycle0.12. XRP: $1.05, Struggling to Hold Above $1.040.14. Solana: $71.66, Holding Gains From Friday's 6.71% Surge0.16. BNB: $556, Weakest Large-Cap on June 280.18. TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d0.20. Hyperliquid: $62.89, Quietly Holding Despite Market Pressure0.22. Dogecoin: $0.07401, Worst Weekly Performer in Top 100.24. Macro Context: What Drives the Week Ahead0.26. Today's Market in One Paragraph Bitcoin is trading at $60,251 on June 28, 2026 — effectively flat on the day at 0% change — as the crypto market enters weekend trading with no directional momentum and the Fear & Greed Index falling to 18 (Extreme Fear), its lowest reading since the current correction began. Total crypto market cap holds near $2.1 trillion. Volume across the board is sharply lower: BTC volume dropped 52%, ETH volume fell 45%, SOL volume fell 51% — a pattern consistent with low-conviction weekend consolidation after last week’s high-volatility sessions.
Key Takeaways Bitcoin flat at $60,251 on June 28; total market cap ~$2.1T; Fear & Greed Index at 18 — cycle low reading ETH $1,579 (+0.08%), XRP $1.05 (–0.14%), SOL $71.66 (–0.01%), BNB $556 (–1.32%), TRX $0.3215 (+0.27%) Volume collapse across all assets: BTC –52%, ETH –45%, SOL –51% — weekend low-conviction consolidation Fear & Greed dropped from 23 last week → 15 yesterday → 18 today; all four readings Extreme Fear CLARITY Act Senate floor vote window narrows: August recess is the hard deadline; Polymarket at 48% American Reserve Modernization Act full text published — 20-year BTC lock-up confirmed TRX is the only top-8 asset in positive territory on both 24h and 7d basis — USDT settlement demand persists Crypto Market Snapshot — June 28, 2026 AssetPrice24h7dMarket CapVolume (24h)Bitcoin (BTC)$60,2510.00%–5.76%$1.2T$14.65BEthereum (ETH)$1,579+0.08%–8.47%$190.64B$5.93BTether (USDT)$0.9985+0.01%–0.03%$186.06B$36.92BBNB$556.32–1.32%–5.37%$74.98B$846.66MUSDC$0.99960.00%–0.03%$73.72B$4.87BXRP$1.05–0.22%–8.05%$65.47B$1.07BSolana (SOL)$71.66–0.01%–2.27%$41.61B$1.68BTRON (TRX)$0.3215+0.27%–1.69%$30.49B$467.04MHyperliquid (HYPE)$62.89+0.07%–7.39%$15.91B$324.93MDogecoin (DOGE)$0.07401–1.66%–10.81%$12.62B$452.07M Fear & Greed Index: 18 — Cycle Low Sentiment The Fear & Greed Index printed 18 on June 28 — the lowest reading of the current correction cycle. Yesterday’s reading was 15, the absolute bottom; last week it was 23; last month also 23. All four readings are in Extreme Fear territory, meaning crypto market sentiment has been in its worst zone for at least a full month without relief.
Historically, sustained Extreme Fear readings below 20 have appeared at or within days of major Bitcoin cycle bottoms. The 2022 bear market bottom was accompanied by a Fear & Greed reading of 6. The March 2020 COVID crash bottom saw a reading of 8. A reading of 15–18 does not guarantee a bottom — but it does signal that retail sentiment has been maximally compressed, and that the marginal seller is increasingly exhausted.
The context matters: BTC held $58,115 as its intraday low on June 26 and has not returned to that level across two subsequent sessions. A Fear & Greed reading of 18 with price holding above its recent low is a divergence — sentiment is making new lows while price holds. That divergence, if it persists, is historically one of the most reliable leading indicators of a sentiment reversal.
Bitcoin: Flat at $60,251, Tight MA Cluster Unresolved Bitcoin is trading at $60,251 on June 28 — effectively unchanged on the day — with the unresolved MA compression from Friday night still in play. MA(25), MA(7), and MA(99) remain stacked within $400 of each other above current price. Weekend volume at $14.65 billion (52% lower than yesterday) confirms this is consolidation, not distribution.
The $58,115 June 26 intraday low has now held across three consecutive sessions — a constructive technical development. Bitcoin’s 7-day performance of –5.76% reflects the June 26 capitulation day rather than the current trajectory. The week ahead — with the CLARITY Act Senate floor vote window narrowing before August recess and the American Reserve Modernization Act in committee — is the most important legislative week for BTC price in 2026.
Ethereum: $1,579, Tightest MA Compression of the Cycle Ethereum is trading at $1,579 on June 28, up just 0.08% — the quietest session since the June correction began. Volume at $5.93 billion is 45% lower than the prior session. ETH’s 7-day loss of –8.47% is the worst among the top-8 assets, reflecting the magnitude of the June 26 selloff to $1,512.
The MA compression on ETH mirrors Bitcoin: MA(25) at $1,584, MA(7) at $1,591, and MA(99) at $1,602 are all within $23 of each other. A weekend resolution above MA(99) at $1,602 would be the first bullish technical signal in two weeks. The structural demand picture remains intact: 32% of ETH supply is staked and illiquid, BitMine’s 5.67 million ETH (4.7% of supply) is now permanently embedded in Russell 1000 passive funds, and the Ethereum Foundation’s 40% spending cut has reduced treasury sell pressure.
XRP: $1.05, Struggling to Hold Above $1.04 XRP is at $1.05 on June 28, down 0.22% on the day and –8.05% on the week — the second-worst weekly performer after Ethereum among top assets. Volume at $1.07 billion is 45% below the prior session. The $1.00 psychological floor has been defended across three consecutive sessions following the $1.0092 intraday low on June 26, but the recovery momentum from Friday’s bounce to $1.0756 has faded.
XRP remains the asset most sensitive to CLARITY Act news among the top-10. With Senate passage odds at 48% on Polymarket and the August recess hard deadline approaching, each week without a Senate floor vote commitment represents time eroding the 2026 window. The fundamental case — XRPL’s $3.5 billion tokenized real-world asset base, $1.72 billion RLUSD market cap, Ripple Prime’s DTCC NSCC inclusion — remains structurally intact but has not yet translated into price performance.
Solana: $71.66, Holding Gains From Friday’s 6.71% Surge Solana is trading at $71.66 on June 28, essentially flat (–0.01%) after Friday’s 6.71% surge from the $64.04 cycle low. Volume at $1.68 billion is 51% lower than the prior session — typical weekend consolidation after a high-volume recovery day. The 7-day performance of –2.27% is the best among the top-8 non-stablecoin assets, confirming SOL led the recovery from the June 26 lows.
Price is holding above all three moving averages following Friday’s bullish MA alignment restoration. The $70.00 level — roughly where MA(25) sits — is the key support to defend on any weekend pullback. The 100-billion-transaction milestone crossed on June 26, and the Alpenglow upgrade targeting Q3 2026 mainnet remain the primary fundamental catalysts ahead.
BNB: $556, Weakest Large-Cap on June 28 BNB is the worst-performing top-8 asset on June 28, down 1.32% to $556.32 after the tight consolidation at $565 seen across the prior two sessions broke to the downside. Volume at $846 million is 31% lower. The 7-day loss of –5.37% places BNB in the middle of the large-cap pack.
The $540.60 cycle low established on June 26 remains the key structural reference. BNB’s Auto-Burn mechanism and BNB Chain’s stablecoin volume continue to provide fundamental support, but the June 28 session suggests the MA compression resolved to the downside — a return toward $550 is the next support zone to watch.
TRON: $0.3215, Only Top-8 Asset Green on Both 24h and 7d TRON is the standout performer on June 28: $0.3215, up 0.27% on the day and –1.69% on the week — the best 7-day performance of any non-stablecoin asset in the top 10 by a significant margin. The MiCA July 1 enforcement window is now open, and TRON-based USDT settlement volumes continue regardless of crypto market sentiment. TRX’s defensive outperformance through the entire June correction — holding above $0.3186 while BTC lost 10% and ETH lost 18% from their June highs — reflects the structural insulation of utility-driven demand.
Hyperliquid: $62.89, Quietly Holding Despite Market Pressure Hyperliquid (HYPE) at $62.89 is the 9th largest crypto by market cap at $15.91 billion — a position it has consolidated through the June correction. HYPE is down 7.39% on the week but holding above $60.00 psychological support. Hyperliquid’s on-chain perpetuals exchange has consistently posted record volume through 2026, making it the clearest example of a utility-driven DeFi asset with fundamental justification for its market cap position.
Dogecoin: $0.07401, Worst Weekly Performer in Top 10 Dogecoin is down 10.81% on the week and 1.66% on the day to $0.07401 — the worst 7-day performer in the top 10. DOGE has no utility catalyst or fundamental support comparable to other large-cap assets, making it the most sensitive to pure sentiment deterioration. A Fear & Greed reading of 18 (Extreme Fear) is the worst possible environment for meme assets.
Macro Context: What Drives the Week Ahead Three catalysts define the week of June 28 for crypto markets:
CLARITY Act floor vote timing. The August recess hard deadline means every week of June and July without a confirmed Senate floor vote date erodes the probability window. A Majority Leader floor scheduling announcement would immediately move CLARITY Act odds on Polymarket and cascade through BTC, ETH, XRP, and SOL simultaneously.
American Reserve Modernization Act. The full text of H.R. 8957 — with its 20-year BTC lock-up and proof-of-reserve mandates — is in committee. Any advancement to a floor vote would be the most significant Bitcoin-specific legislative event of the cycle.
Fed speakers and PCE data. With PCE at 3.6% and nine FOMC officials projecting a rate hike, any Fed speaker comments softening the hawkish stance would be the most powerful macro catalyst for a crypto recovery. The next PCE data release and FOMC minutes are the key data points to monitor.
Today’s Market in One Paragraph The crypto market on June 28, 2026 is defined by three words: low volume consolidation. Bitcoin flat at $60,251, Ethereum barely positive at $1,579, Solana holding Friday’s recovery gains, and TRON outperforming everything. The Fear & Greed Index at 18 is the deepest Extreme Fear reading of the cycle — but price has held the June 26 lows across three sessions, creating a sentiment-vs-price divergence that historically precedes recoveries. The week ahead is the most important legislative week of the year for crypto: CLARITY Act timing, the American Reserve Modernization Act, and any Fed pivot signals will determine whether the $58,115–$60,000 range becomes the base of a recovery or gives way to a deeper test of $55,000–$56,000.
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native. As of the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, XRP at $1.04, and Solana at $70.37.
What Drove the Selloff
Expectations of higher interest rates for longer, a stronger US dollar, continued ETF outflows, and broad deleveraging across derivatives markets combined to push the market lower. More than $1 billion in long liquidations amplified the move, a reminder of how leverage continues to magnify short-term price action.
Where Each Asset Landed
Bitcoin’s decline found buyers at levels historically associated with long-term accumulation zones, which Avinash Shekhar, Co-founder and CEO of Pi42, described as the more significant signal from the week. “What stands out is not the decline itself but where it found support,” he said in an interview with Coinpedia.
Ethereum underperformed the broader market, sliding 9.84% on the week to $1,564. XRP showed relative resilience, losing less ground than most major altcoins and ending the week at $1.04, supported by sustained institutional interest tied to spot ETF product growth. Solana held up comparatively well at $70.37, reflecting continued confidence in its ecosystem’s development activity. Dogecoin dropped but remained reactive, ending down 11.97% on the week at $0.073, consistent with its history of quick responses to sentiment shifts.
Capital Is Becoming Selective
Shekhar identified a broader structural shift in how money is moving through the market. “Capital is becoming increasingly selective,” he said. “Rather than moving uniformly across the market, investors are differentiating between assets based on liquidity, institutional participation and ecosystem fundamentals. This marks a notable shift from previous market cycles, where momentum alone often drove broad-based rallies.”
Bitcoin ETFs recorded $1.79 billion in weekly outflows, the second-largest weekly sell-off since their launch. Combined unrealised losses for Michael Saylor and Tom Lee reached $24.5 billion during the week, according to on-chain tracking.
What Comes Next
Shekhar said the next directional move for digital assets will likely be determined by institutional flow data, macroeconomic readings, and monetary policy signals. A recovery in ETF inflows, easing inflation, and improved global liquidity conditions could lay the foundation for renewed momentum. Until those conditions change, he expects markets to remain range-bound with heightened sensitivity to economic data.
“The broader picture, however, remains constructive,” Shekhar said. “Institutional adoption, blockchain infrastructure development and real-world use cases continue to expand despite near-term volatility. Periods of consolidation are increasingly becoming opportunities for stronger fundamentals to emerge.”
Story Ends Here
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Bitcoin briefly dipped below $60,000 over the weekend, logging a roughly 7% decline in the past week. As the second quarter draws to a close, Bitcoin is on track to post a roughly 12% quarterly drop, following a 22% fall in the first quarter, which would mark a rare back-to-back quarterly loss in its history. Meanwhile, altcoins have generally seen steeper declines than Bitcoin: Ethereum fell around 9.5% in the past week, Dogecoin dropped 11.7%, HYPE slipped 10.6%, XRP declined 8.7%, Solana fell 3.5%, and TRON saw a roughly 1.5% drop. Analysts attribute the market’s ongoing pressure to multiple factors, including sustained capital flows into AI-driven semiconductor and memory chip sectors, persistent outflows from U.S. spot Bitcoin ETFs, the Federal Reserve’s hawkish stance, and the U.S. Dollar Index staying at high levels. The market will watch closely for ETF capital flows and demand improvements in the third quarter to judge whether the crypto market can shake off its weak performance in the first half of the year.
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Ripple ETFs Lead Weekly Crypto InflowsThe suite of spot $XRP ETFs managed under the @Ripple umbrella recorded $22.99 million in net inflows over the past week, outpacing virtually every other crypto ETF product currently on the market. The figure is the latest in a run of strong weekly numbers that have steadily built the products' collective footprint in the digital asset space.
The ETFs now hold approximately 1.44% of $XRP's circulating supply, a share that has grown consistently month on month since the products launched in late 2025. Seven U.S. spot XRP ETFs now hold roughly 773 million XRP in custody, less than six months after the first products began trading. @bgarlinghouse and the Ripple team have presided over what is shaping up to be one of the more successful ETF launches in the crypto industry's history.
A Broader Story of Sustained Institutional Demand XRP spot ETFs have pulled in $1.41 billion in cumulative net inflows since their November 2025 launch, with monthly figures climbing steadily through the first half of 2026. That pace of accumulation has drawn attention from some of the largest names in asset management. Bitwise Asset Management, Franklin Templeton, and Grayscale Investments have led the buying as institutional demand has strengthened.
Ripple noted that the first month of U.S. spot XRP ETF trading did not produce a single net outflow day, and cumulative inflows crossed $1 billion by December 16, 2025. That early persistence suggests the demand has been less about a short burst of momentum and more about investors adding XRP as a distinct allocation alongside bitcoin and ether.
XRP ETFs recorded a 2026 weekly high of $60.5 million in net inflows during the week ending May 15, even as Bitcoin and Ethereum saw outflows of over $1 billion and $255 million respectively, suggesting institutional interest in $XRP is growing despite an uncertain broader crypto market.
The growing supply share held by these products also signals a structural shift in how $XRP is being accessed. Unlike futures-based products, spot ETFs require the fund to purchase and hold the underlying asset directly , meaning each dollar of inflow translates into real demand for the token in the open market.
Sources
Yahoo Finance: XRP ETF Inflows Just Hit a 2026 High
CoinDesk: Spot XRP ETFs Attract Biggest Inflows Since January
Ripple Insights: XRP ETFs, The Institutional Era Has Begun
XRP ETF Inflows Continued in JuneData shows that spot XRP ETFs added $46.5 million in assets this month, bringing the cumulative net inflow to $1.43 billion. These funds have had only one month of outflows since their launch in November last year.
Bitwise’s XRP ETF holds $293 million in assets, while the ETFs from Franklin, Canary, and 21Shares manage $235 million, $234 million, and $112 million, respectively.
The ongoing XRP ETF inflows are a sharp contrast to those tracking Bitcoin and Ethereum. Spot Bitcoin ETFs had over $4.06 billion in outflows this month, bringing the net outflows since January to $5.6 billion.
Similarly, Ethereum ETFs have shed over $471 million in outflows this month, lower than the $540 million they lost last month.
XRP ETF inflows rose in the same week in which Ripple announced that RLUSD, its stablecoin, will now be available in Japan following the approval by the main financial regulator. This approval will likely help it become an alternative to USDC and USDT.
Recent data, however, shows that RLUSD has lost momentum as the supply has dropped to $1.57 billion from the year-to-date high of $1.8 billion. RLUSD has become one of the most important use cases for the XRP Ledger network.
Another major news came from Europe, where Ripple secured a preliminary Crypto Asset Service Provider (CASP) license in Luxembourg. This is a major milestone as it paves the way for the full rollout of Ripple Payments across the Euro area and MiCA compliance.
XRP Price is Hanging on a Thread Above $1The weekly chart shows that the Ripple price has slumped in the past few months, mirroring the performance of most cryptocurrencies. It dropped from a high of $3.6690 in July to the current $1.06.
The token has slumped below the Major S&R pivot point of the Murrey Math Lines tool. It has remained below the 50-week and 100-week Exponential Moving Averages (EMA).
XRP has settled along the 78.6% Fibonacci Retracement level. Therefore, there is a risk that the token may drop further in the near term, potentially to the Strong, Pivot, Reverse level of the Murrey Math Lines at $0.7813. This view will be confirmed if it drops below the supply of $1.
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The verbal duels between iconic figures of the crypto industry often reveal the structural cracks of a market undergoing institutional transformation. During a particularly noteworthy media appearance on CNBC this Friday, Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Bitcoin accumulation strategy through his company Strategy, stating that this approach seriously harms the entire crypto ecosystem. This statement comes amidst an uncertain macroeconomic climate, where the leading crypto shows clear signs of weakness below the $60,000 mark, weakening financial architectures based on corporate over-indebtedness.
In brief Brad Garlinghouse openly criticizes Michael Saylor’s Bitcoin strategy, which he considers detrimental to the entire crypto market. The plunge of Strategy’s shares and latent losses on its Bitcoin reserves fuel doubts about the viability of its financial model. The Ripple CEO opposes a vision based on the real utility of blockchain networks to a strategy relying on debt to accumulate Bitcoin. Despite his criticisms of Strategy, Brad Garlinghouse continues to consider Bitcoin a solid asset and a true digital gold. The stock market collapse of Strategy’s bond model Brad Garlinghouse’s criticisms focus on the tangible technical problems facing the refinancing structure established by Michael Saylor today. The Ripple CEO described “an overwhelming indictment” of the current situation of the company’s perpetual convertible preferred shares, listed under the ticker STRC. This security, which should trade at its face value of $100 while distributing an annual dividend of 11.5%, experienced an unprecedented collapse, trading around $74, nearly 26% below its original issue price.
This loss of anchor reflects a major trust crisis among institutional investors about the sustainability of the debt accumulated to continuously buy Bitcoin. At the same time, the company’s common stock (MSTR) closed its weekly trading session at about $82, marking its worst performance and lowest level since February 2024.
Accounting figures from market reports show the immediate blockage of this credit purchase mechanism, placing the company in front of critical indicators :
An average acquisition price of Bitcoin by Strategy set by regulations around $75,656 per unit ; A Bitcoin price struggling around $59,000, plunging the company’s portfolio into a massive latent loss exceeding 14 billion dollars ; The obligation to liquidate part of its assets by selling 32 Bitcoins at the end of May to meet dividend payment deadlines for the STRC. This strategic reversal contradicts Michael Saylor’s historic statements, who had promised never to sell any fraction of his treasury reserves.
The doctrinal clash between financial engineering and real utility of networks Beyond the pure collapse of accounting results, Brad Garlinghouse’s criticism reveals a deep philosophical debate about what should guide the long-term valuation of the blockchain sector. The Ripple CEO strongly denounced the illusion of creating value through debt by stating: “financial engineering does not create long-term value.” According to him, the frantic accumulation of volatile assets through excessive financial leverage exposes the entire market to a systemic risk of forced liquidation.
Garlinghouse insisted that “the long-term value of any crypto will come from its utility,” thus contrasting Ripple’s cross-border payment technological infrastructure with Michael Saylor’s mere cash speculation. In response to these attacks and market pressure, Michael Saylor gave a laconic response on social media, stating that “volatility tests every capital structure.”
This confrontation highlights the drastic reduction of Strategy’s business model maneuvering room. Recent analyses published by CryptoQuant show that the company’s dividend coverage window has shrunk from over seven years to about 14 months only, due to price declines. In the face of this fragility, Ripple’s XRP token paradoxically showed some resilience, trading above the $1.05 threshold, supported by the release of its annual impact report highlighting the expansion of its institutional services.
Outlook : Between technological resilience of Bitcoin and institutional restructuring Despite the harshness of his indictment against financial leverage abuses, Brad Garlinghouse remains fundamentally optimistic about Bitcoin’s intrinsic value. He continues to firmly define the leading crypto as a modern and superior form of “digital gold.”
The CEO illustrated this technological superiority over traditional physical assets by the historical example of transferring $300 billion worth of gold by the German central bank, a complex logistical operation that required two years of effort and astronomical financial costs, while an equivalent transaction on the Bitcoin network executes in a few minutes transparently. This essential distinction between the strength of the underlying asset and the excesses of investment vehicles exploiting it invites institutional players to separate the protocol’s solidity from risks of specific corporate credit.
The current situation forces investors to reflect more deeply on the maturity of the crypto ecosystem. While Strategy’s aggressive refinancing model shows clear signs of exhaustion amid a prolonged bear market, the overall resilience of the network shows that the blockchain infrastructure is ready to absorb these macroeconomic shocks.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ripple’s XRP may be preparing for a bounce with a strong crypto analyst signaling two signs of a bullish shift. This optimism comes as lawmakers in Washington push to get the CLARITY Act off the ground before Congress heads into its August recess.
XRP Chart Shows Bullish Signs Crypto analyst Ali Martinez shared a post on X that suggests that XRP’s daily chart is showing “two bullish signals” that could signal that the rally is coming to an end. The first signal, according to Martinez, is the Tom DeMark Sequential indicator. It has “printed a buy signal via a ‘9’ candlestick.” The pattern “historically anticipates a one-to-four daily candlestick relief rebound,” he added.
The XRP price action of the past three trading sessions has also formed a “Morning Star Doji” candlestick pattern. For context, it is a pattern widely recognized by technical traders as a reversal chart pattern that can appear closer to the bottom of the market, Martinez said.
XRP: TWO BULLISH SIGNALS
XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.
1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT
— Ali Charts (@alicharts) June 27, 2026
The confirmation would rely on the participation of buyers, he wrote. The analyst added, “If buying volume accelerates here, $XRP could rise toward $1.30.”
The Crypto Market Structure Bill Now Faces July 20 Deadline The positive technical analysis for XRP comes as the digital asset sector remains hinged on the updates around CLARITY Act. There are ongoing negotiations even as Congress adjourns Washington for the July 4 recess, said journalist Eleanor Terrett. She added there is “a renewed sense of urgency among Senate Republicans to get this bill across the finish line.”
However, “there is quite a lot left to do” on the CLARITY Act, Terrett emphasized. She noted that unresolved provisions include ethics and differences between the drafts from the Senate Banking and Agriculture Committees. In addition, sticking points include state preemption rules, language on conflicts of interest in the exchanges and others.
She also noted that “key Democratic votes are expected to hinge on whether the bill includes an ethics framework that they view as strong enough to address President Trump’s crypto businesses.” Hence, the odds for the crypto bill passing has dropped to 50%, per Galaxy Digital.
The challenge of Senate floor vote scheduling still exists for the CLARITY Act. Senate Majority Leader John Thune has acknowledged “time is running out to solve some of these outstanding issues.” Also, the annual defense authorization bill is expected to take priority upon the return of lawmakers July 13, Terrett said.
Assuming there is enough progress in the negotiations during the congressional recess and any other legislative priorities that could delay consideration don’t come into play. That’s the earliest realistic time to get a vote on the CLARITY Act underway, Terrett said, “the week of July 20th onwards.”
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XRP is about to close June as the worst trading month in well over a year but there are first signs of hope ahead.
June has been brutal for essentially the entire cryptocurrency market, and Ripple’s cross-border token is no exception. The asset lost its position in terms of market cap to USDC as it dipped to $1.01 (on most exchanges) during last week’s crash.
Now, though, a popular analyst outlined the first glimmer of hope for XRP, which could lead to a quick short-term rebound.
2 Bullish Signs The first is the well-known Tom DeMark (TD) Sequential indicator, a popular metric used to determine the underlying asset’s trend exhaustion in either direction. It has finally flashed a buy signal after XRP’s recent crash that drove it to a multi-year low. According to Martinez, this pattern, which has a relatively high success rate when it comes to the cross-border token, could mean a “one-to-four daily candlestick relief rebound.”
Separately, the analyst outlined the formation of a Morning Star Doji candlestick pattern during the past three daily sessions. He added that this classic indicator is used to identify local price bottoms.
Martinez predicted that if buying volume accelerates in tandem with the aforementioned signals, Ripple’s asset could rise to the first major obstacle at $1.30. Recall that it challenged that level last week during the short-lived market-wide revival, but it was rejected there, and the subsequent collapse pushed it south to $1.01.
In another separate post, though, Martinez highlighted the next significant support levels for XRP if the market structure breaks down again. If the asset decisively loses the support at $1.06, the next in line are at $0.80, $0.62, and $0.51 based on the UTXO Realized Price Distribution (URPD).
Painful June As with most cryptocurrencies, XRP would require a miracle to turn the tide around in June. The month so far has been nothing short of a massacre, as Ripple’s token has shed more than 20% of its value. This makes it its worst single-month performance since February 2025, when it tumbled by over 29%.
You may also like: Ripple (XRP) Boosts Global Blockchain Adoption With Over $70M in Donations XRP’s Slide to Sub-$1.00 Could Set Up ‘Risk-Reward’ Zone: Analyst XRP Selling Pressure Intensifies as Profit-to-Loss Ratio Reaches Multi-Year Low On the plus side, July has been historically a positive month for the asset, especially in the past six editions, all of which have been in the green. In fact, all except July 2021 brought double-digit gains, including massive surges in 2020 and 2023. Almost all of those followed a painful June.
TLDR: XRP long liquidations surged 832% over the past week, reaching nearly $3.0 million in forced exits. Open Interest dropped from $1.18B to $1.04B, reflecting an 11.1% monthly decline in leveraged exposure. Binance XRP reserves fell just 0.35% weekly, showing spot holders remained calm amid futures turmoil. A Tom DeMark “9” buy signal and Morning Star Doji pattern suggest XRP could rebound toward $1.30. XRP derivatives markets recorded a sharp deleveraging episode over the past week, with long liquidations surging 832% versus the prior month.
Open Interest fell from roughly $1.18 billion to approximately $1.04 billion. Funding rates turned deeply negative, registering a -463% shift against the quarterly baseline.
The data points to a forced exit of leveraged long positions rather than an orderly rollover, resetting the market’s overall risk structure.
Cascading Liquidations Clear Speculative Excess From XRP Futures Long liquidations reached nearly $3.0 million over the seven-day period, far outpacing short liquidations. This imbalance confirms that upside-positioned traders bore the brunt of the selloff. The scale of exits reflects a systematic purge rather than isolated margin calls across the derivatives market.
Open Interest declining by 11.1% on a monthly basis reinforces this interpretation. When OI falls alongside deeply negative funding rates, it typically means leveraged longs are being closed, not transferred. The market is shedding speculative weight accumulated during the prior uptrend.
Source: CryptoQuant
Despite the futures turmoil, spot-side behavior told a different story. Binance XRP reserves remained relatively stable, down just 0.35% on the week.
That restraint among holders suggests limited appetite to deposit tokens for immediate sale, even as price weakened noticeably.
The divergence between panicked futures positioning and composed spot holders is notable. Historically, this kind of split often marks a transitional phase rather than an outright bearish continuation. Whether that transition resolves bullishly depends on how sellers respond next.
Technical Signals and Utility Developments Add Context to XRP’s Next Move On the technical side, analyst Ali Charts flagged two reversal patterns forming on the daily chart. The Tom DeMark Sequential printed a “9” buy signal, which historically anticipates a one-to-four candle relief rebound.
Additionally, the past three sessions completed a Morning Star Doji formation, a pattern traditionally associated with localized price bottoms.
Ali Charts noted that if buying volume accelerates, XRP could move toward the $1.30 level from current prices near $1.05.
XRP: TWO BULLISH SIGNALS
XRP is flashing two bullish reversal signals on the daily chart, pointing to a potential shift in momentum.
1. The Tom DeMark Sequential indicator has printed a buy signal via a "9" candlestick. This pattern historically anticipates a one-to-four daily… pic.twitter.com/q0qBDVCGXT
— Ali Charts (@alicharts) June 27, 2026
These signals do not guarantee a sustained trend change, but they do indicate potential short-term momentum shifts worth watching.
On the fundamental side, Ripple’s launch of RLUSD in Japan through SBI VC Trust adds a longer-range utility layer to the XRP ecosystem.
Stablecoin infrastructure tied to regulated partners in a major market could support broader adoption over time.
The immediate focus, however, remains on Open Interest recovery. A rebound in OI alongside normalizing funding rates would confirm that fresh demand is entering the market.
Until that happens, the question is whether short-sellers press their advantage or negative funding triggers a short-covering rally.
Despite uncertainty in the cryptocurrency market, XRP managed a modest gain as of June 27, 2026. Over the past 24 hours, XRP rose 1.26% to $1.06. The digital asset posted a daily trading volume of $2.05 billion, while its market capitalization registered at $66.22 billion.
Analysts focus on bottom formationCrypto analyst EGRAG CRYPTO, in an Elliott Wave analysis update shared on June 27, argued that the key question for XRP investors is not how high the price could climb, but whether the market cycle has found its bottom. Known for its connections to the Ripple ecosystem and its role in cross-border payments, XRP remains in the spotlight among digital assets.
According to EGRAG CRYPTO, the main issue for XRP at this stage is not new highs, but whether a bottom has been formed in the market cycle.
In the analyst’s first scenario, XRP could be nearing the final phase of its corrective move, which may pave the way for a stronger uptrend ahead. The alternate scenario underlines the possibility of another downward leg before a broad recovery takes shape.
Glossary: The Elliott Wave theory is a technical analysis approach that suggests market movements occur in waves driven by investor sentiment. Analysts use this method to identify possible turning points and cycle stages.
While both approaches are seen as technically valid, the ongoing search for market direction continues to fuel caution in short-term trades.
Technical signals highlight persistent pressureBollinger Bands indicate that XRP is trading near the lower band. The lower band stands at $1.03185, the middle at $1.13330, and the upper at $1.23476. The fact that price remains below the mid-band suggests sellers retain the upper hand in the short term.
IndicatorLevelCommentXRP price$1.06Trading near lower bandBollinger mid band$1.13330Recovery may strengthen if exceededBollinger lower band$1.03185Nearby support areaBollinger upper band$1.23476Upside target areaThe broad distance between the bands highlights continued volatility, signaling the potential for sharper moves in either direction.
MACD data hints at easing selling pressurePresently, the MACD indicator continues to support a bearish bias. The MACD line stands at minus 0.04957, while the signal line is at minus 0.04535. The histogram remains negative at minus 0.00422.
While the MACD remains negative, the narrowing histogram suggests that selling pressure may be slowing compared to previous periods.
Nevertheless, the contraction in the histogram could indicate that downward momentum is weakening. For a clearer positive outlook, the emergence of sustained buying power and a bullish cross in the MACD would be required.
In the coming trading sessions, whether XRP can reclaim the middle Bollinger band will be closely watched. If this level is breached, the probability of a recovery could increase. However, if the support area fails, a deeper pullback may ensue before a renewed uptrend can begin.
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.
Coinglass historical data reportedly shows July has often been a positive month for XRP. XRP enters the period after a difficult first half, including a 27.1% Q1 drawdown and a 22.4% Q2 drawdown. Seasonality is historical context, not a reliable prediction on its own. Seasonality After Q1/Q2 Weakness: Why This Story Matters XRP Prepares for July Bounce-Back as Price History Points to Positive Third Quarter Seasonality has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that historical seasonality data points to positive July averages for XRP. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to UToday, historical seasonality data points to positive July averages for XRP. The report also notes that xRP suffered a 27.1% Q1 drawdown and 22.4% Q2 drawdown.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not imply past performance guarantees future returns.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate XRP, Coinglass, Seasonality, Technical Analysis over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Coinglass.
This article was written by the News Desk and edited by Samuel Rae.
The XRP derivatives market has witnessed a dramatic wave of forced leverage unwinding in the past week. Long position liquidations have soared by 832 percent compared to the previous month, reaching nearly $3.0 million. At the same time, overall open interest has dropped from $1.18 billion to $1.04 billion. This shift suggests that the market is not merely rotating positions but is seeing leveraged longs forcibly closed out on a large scale.
Sharp unwind in the derivatives marketThe liquidation rate for long positions has remained significantly higher than for shorts, clearly indicating that selling pressure has hit bullish investors the hardest. The monthly 11.1 percent drop in open interest further underscores this trend. Meanwhile, funding rates have flipped negative by a staggering 463 percent compared to the quarterly baseline, reflecting a sharp drop in risk appetite across the market.
IndicatorPreviousCurrentOpen interest$1.18 billion$1.04 billionLong position liquidationsBase: Previous month832% increase, nearly $3.0 millionBinance XRP reservesWeekly start0.35% decreaseThe data points to a broad market clean-up of risk, with leveraged bullish trades forced to close out across XRP futures.
By contrast, the spot market has remained relatively stable. XRP reserves on Binance declined just 0.35 percent week over week. This suggests that as prices weakened, spot investors were not rushing to move their assets onto the exchange, and immediate sell-side pressure has remained limited.
The growing divide between the sharp unwinding in futures and the calmer environment on spot markets highlights a possible transition phase. Whether this sets the stage for a durable recovery will depend on how sellers act in the coming sessions.
Technical signals and the RLUSD factorOn the technical front, analyst Ali Charts has highlighted two possible reversal signals on the daily chart. The Tom DeMark Sequential indicator has flagged a “9” buy signal, while the Morning Star Doji candlestick pattern has appeared in the past three trading days. According to analysts, these patterns can set the stage for a short-term rebound in some cases.
Glossary: The Tom DeMark Sequential is a technical indicator that measures exhaustion and potential trend reversals in price action. The Morning Star Doji is a candlestick formation that can indicate a potential short-term bottom after a decline.
Ali Charts notes that if buy volume picks up, $XRP could target the $1.30 region from its current level near $1.05.
Nonetheless, these signals alone do not guarantee that a lasting trend change is underway. For the market to regain bullish momentum in the short term, open interest must recover and funding rates need to normalize.
On the fundamentals side, Ripple’s launch of RLUSD via Japan’s SBI VC Trust has attracted notice. Ripple, best known for its cross-border payments and digital asset infrastructure, is building its stablecoin platform in compliance with regulations and reputable partners. Analysts believe this new ecosystem could eventually expand the use cases for XRP over time.
Short-term focus in the market is now on whether new demand will return. If open interest begins to recover and funding turns positive, the market could find a steadier footing after the most recent selloff. If not, persistent negative funding and a dominance of short positions may fuel further volatility.
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 CTO Emeritus David Schwartz has settled a renewed debate over XRP (XRP) origins, confirming that a precursor payment network concept predated Bitcoin (BTC) by five years, but that XRP itself did not.
Schwartz responded on X after a social post claimed XRP predated Bitcoin by decades. The post called XRP the oldest digital asset, a label Schwartz addressed directly, drawing a sharp line between an early concept and the coin Ripple manages today.
What Ryan Fugger Designed in 2004Ryan Fugger conceptualized a decentralized payment and settlement network around 2004. That placed his concept roughly five years before Satoshi Nakamoto published the Bitcoin white paper.
Schwartz confirmed the timeline on X but flagged a crucial omission. Fugger’s design included no decentralized assets. His system, later known as RipplePay, functioned as a trust-based credit network.
Users routed value through pre-existing trust relationships rather than a shared cryptographic ledger. There was no native token and no open asset that could be traded independently.
Schwartz addressed the distinction on X.
Ryan Fugger conceptualized a decentralized payment/settlement network (but without decentralized assets) around 2004, well before bitcoin.
— David 'JoelKatz' Schwartz (@JoelKatz) June 26, 2026 However, that separation matters. Bitcoin introduced open bearer assets secured by proof of work. The XRP Ledger brought its own model for decentralized value transfer, but it arrived after Bitcoin, not before.
XRP Launched Three Years After BitcoinThe XRP Ledger went live in 2012, three years after Bitcoin’s genesis block was mined in January 2009. Jed McCaleb, Arthur Britto, and Schwartz built the protocol together before Ripple assumed stewardship.
That timeline directly dismantles the 1988 claim. Fugger’s concept may predate Bitcoin, but a concept is not a coin. The XRP Ledger and the XRP token both trace their launch to 2012.
The distinction carries weight beyond historical accuracy. Ripple’s CEO has also criticized Bitcoin’s corporate strategy, reflecting broader tensions between the two communities.
The debate reflects a pattern seen across the crypto industry. Origin stories often conflate an idea with its execution. Earlier this year, the Bitcoin CIA creation claim drew broad pushback through a similar dynamic.
XRP Holds Near $1 as Ripple Expands Into EuropeThe token recently tested the $1 psychological level amid a sharp slide from earlier highs. Some investors still treat the coin as a long-term inflation hedge, though analysts have found the math difficult to support at current prices.
XRP Price Performance. Source: BeInCrypto MarketsSchwartz has stayed active in the community beyond the origins question. He recently discussed investing versus gambling in a post that generated its own round of debate among holders.
How far back XRP’s roots run may be less relevant than where Ripple is heading. The company recently obtained European MiCA approval via a Luxembourg license, broadening its regulatory footprint across the continent.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP retested the $1 level after it fell to a low of $1.00 on Friday as investors weighed May's personal consumption expenditures price index reading, the Federal Reserve's preferred inflation gauge, released on Thursday.
The Federal Reserve's primary price gauge rose at its highest level since 2023, reinforcing the central bank's recent tough talk on inflation.
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XRP had earlier dropped for three straight days as selling progressed during the week. The price tested a major volume block at $1.06, where over 830 million XRP changed hands, but bulls could not hold this crucial support.
Three potential scenariosWith the $1 level tested, three scenarios might be likely. XRP price rebounded from the $1 level on Friday, with the recovery continuing into Saturday.
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XRP currently trades at $1.07, up 2.95% in the last 24 hours. One potential scenario is that the current rebound continues, with the $1.06 level, where 830 million XRP were transacted, seeing buyer support.
Another scenario is a potential consolidation of XRP's price as the market awaits potential catalysts. The third scenario is one in which the price fails to hold above current levels and the $1 level is breached.
XRP: KEY SUPPORT LEVELS$XRP is testing a major volume block at $1.06. On-chain data from the UTXO Realized Price Distribution (URPD) shows that over 830 million XRP changed hands at this exact price, making it a key support line to watch.
If the market drops below this level,… pic.twitter.com/BlRSZzg1BB
— Ali Charts (@alicharts) June 26, 2026 In this scenario, transaction history outlines the next major support targets where significant volume previously accumulated. According to Ali, three support levels come into focus amid a $1 breach: the $0.80 level, where 923 million XRP were transacted; the $0.62 level, where 1.16 billion XRP were transacted; and the $0.51 level, where 1.06 billion XRP changed hands.
XRP, RLUSD newsThe XRP Ledger now has more RLUSD on-chain than Ethereum, with this latest milestone achieved during the week. According to the Ripple Stablecoin tracker website, the total circulating supply of RLUSD on the XRP Ledger was $810 million, while that of Ethereum is currently $760 million.
The Japan Financial Services Agency approved RLUSD as a new type of electronic payment instrument under the country's Payment Services Act. The Ripple USD stablecoin will be available to both institutions and retail customers through SBI VC Trade.
