Track market-moving stories before they get noisy

BIS Uses XRP Ledger to Verify Statistical DataThe Bank for International Settlements (@BIS_org) has published a working paper this month describing a system that uses the XRP Ledger (@XRPLF) to anchor cryptographic fingerprints of official statistical datasets. The goal is to give data consumers a way to verify that published figures have not been altered after release, using the ledger as a tamper-evident record.

The project is developed as an open source initiative in collaboration with German financial consultancy d-fine. Rather than storing data on-chain directly, the system writes a cryptographic hash of each dataset to the XRP Ledger, allowing any third party to independently confirm whether a published dataset matches its on-chain fingerprint.

DevNet Deployment and ArchitectureThe paper reports that the current implementation runs on the XRP Ledger Foundation's DevNet rather than the main network, and the authors are clear that this is a proof of concept rather than a hardened production system. In testing, the system recorded publication latencies of three to five seconds, which is consistent with the XRP Ledger's typical transaction finality window.

One notable design choice is the use of a gateway layer that sits between the application and the ledger. That abstraction is intended to make migration to other chains technically straightforward, keeping the architecture flexible rather than tightly coupled to any single network.

The paper adds to a broader pattern of institutional interest in the XRP Ledger as infrastructure for regulated use cases. The ledger's compatibility with the ISO 20022 messaging standard and its open source governance have drawn attention from financial authorities looking at blockchain-based settlement and data integrity systems.

Sources:
Bank for International Settlements Working Papers
XRP Ledger (XRPL.org) official documentation

On September 1, 2026, cryptocurrency commentator Xaif (@Xaif_Crypto) claimed Ripple had sent 1 billion XRP back into escrow, citing three transactions: 300 million XRP, 500 million XRP, and 200 million XRP, all directed to Ripple-linked wallets. The announcement circulated widely, prompting immediate debate and scrutiny within the XRP community.

Breakdown of the September Escrow TransactionsRipple followed its established monthly protocol by releasing 1 billion XRP from escrow at the start of September, as dictated by a program introduced in 2017. The release happened in three tranches: 500 million XRP, 400 million XRP, and 100 million XRP, all enabled by time-based contracts on the XRP Ledger.

Historically, Ripple has re-locked between 600 million and 800 million XRP after each monthly unlock. This month, blockchain data revealed two confirmed escrow lock transactions: one for 500 million XRP and another for 200 million XRP, bringing the re-locked total to 700 million XRP. This pattern is consistent with Ripple’s customary escrow practices.

Although several analysts, including Chad Steingraber, amplified the claim that Ripple sent 1 billion XRP back into escrow, further review of the transactions and third-party monitoring platforms clarified only 700 million XRP were re-locked. The remaining 300 million XRP was handled differently.

Community Response and Transaction DetailsThe disputed transaction involved the 300 million XRP transfer directed to Ripple (1). Numerous community members, including Ben Smith, highlighted that this specific transfer was a payment rather than an escrow lock, mirroring similar transactions executed in previous months.

Screenshots shared online from the whale monitoring service Whale Alert displayed clear distinctions: of the three major outgoing transactions, only the 500 million XRP and 200 million XRP movements qualified as escrow locks, while the 300 million XRP was flagged as a payment.

Ben Smith pointed out evidence showing Ripple unlocked 1 billion XRP as usual, then re-locked 700 million XRP into escrow, with blockchain records treating the remaining 300 million XRP as an internal payment.

Recurring Debate Surrounding Ripple’s Escrow ProcessRipple’s monthly escrow cycle frequently prompts discussion among traders and analysts, especially concerning the volume of XRP returned to lockup and its potential market implications. Despite the routine nature of these transactions, speculation persists regarding the future use of unlocked tokens.

Some community members have previously questioned Ripple’s intentions, linking regular escrow releases to token sales or hypothesizing about undisclosed partnership deals. Notably, rumors have circulated about a potential multi-billion XRP partnership with a major corporation, although no extraordinary event transpired in this cycle.

Amid ongoing debate about market mechanisms and escrow transparency, broader trends in the financial industry are reshaping how investors engage with digital assets. While traditional markets depend on complicated intermediaries, platforms such as 1stepSwap are driving change by enabling users to hold tokenized shares of blue-chip U.S. companies and precious metals like gold and silver directly in crypto wallets. This shift is eliminating middlemen by tokenizing real-world assets and delivering the best available market prices within seconds.

For now, Ripple’s monthly unlock and relock procedures remain a closely followed event, with minor discrepancies in transaction interpretation continuing to spark lively discussion.

XRP continues to trade quietly after a recent surge, with crypto investor Mason Versluis urging investors not to overlook the coin’s next potential move. Versluis, a prominent voice in the cryptocurrency space, outlined his technical analysis in a recent video, focusing on price levels and patterns that could dictate XRP’s upcoming direction.

Key resistance and support levelsAccording to Versluis, XRP’s recent sharp rally resulted in a price compression pattern on the chart, which he described as either a bull flag or a bull pennant. These formations, typically associated with trend continuation, suggest that further upward momentum may be possible if certain levels are breached.

He emphasized $1.43 as a crucial resistance point. If XRP manages to close one or two consecutive four-hour candles above this price, Versluis expects the coin to enter another leg higher. On the other end, he called $1.30 the most important support that needs to hold in the event of downward pressure.

His immediate price target stands at $2.10, based on projecting the height of the preceding rally onto the anticipated breakout from the current pattern. This level represents an estimated 56% increase from current prices.

Versluis underscored that a clear break above $1.43 with sustained momentum could set up a sharp move toward $2.10, aligning with his bullish outlook on XRP’s short-term potential.

Long-term breakout potentialTaking a broader perspective, Versluis pointed to the weekly chart, identifying the upper boundary of a falling wedge pattern near $3.68 as the next major target over the coming weeks. He noted that while the journey may not be immediate, XRP could be positioned to challenge its all-time high before the end of the year, should the technical setup hold.

He cited a clear breakout on the weekly timeframe as the catalyst that could signal a significant trend change for the asset. Versluis described this weekly rally as an indication that the prolonged bearish phase, which began in July 2025, might be coming to an end, paving the way for further gains.

The technical alignment on both the daily and weekly charts gives Versluis confidence that XRP holders could see “the beginning of a massive move higher,” provided key levels are maintained.

Market participation and opportunityVersluis observed a notable decline in retail participation following the spike to $1.70, suggesting that many individual investors exited the market during the recent volatility. He positioned this reduced attention as a potential advantage for those willing to remain engaged and monitor the unfolding setup.

The coordination between multiple timeframes, with a short-term target at $2.10 and a medium-term outlook towards $3.68, presents traders with a progression of milestones to watch. How XRP reacts to the $1.43 resistance in the coming sessions is seen as the first major test for this scenario.

Given the fast-paced environment of digital asset trading, where a single Federal Reserve action or an unexpected altcoin listing can trigger abrupt shifts, tracking critical price levels and pattern formations has become increasingly vital. In response, many market participants now utilize privacy-focused solutions like CryptoAppsy, which provide real-time charts, custom price alerts, news specific to individual coins, and important macroeconomic data in one interface, all without requiring account creation.

With muted retail activity and evolving technical signals, XRP holders and traders will be closely watching price action at these pivotal levels as the market awaits its next major move.

For many long-term XRP holders, waiting for market prices to rise has been a common strategy, however, the cryptocurrency market is highly volatile, and relying solely on price fluctuations for profit means facing market uncertainty.

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XRP experienced a steep price correction on the 22nd of August. Yet, despite that momentum, one trend has quietly continued beneath the sell-off. Ripple [XRP] tokens keep leaving the Binance exchange.

Since November 2025, the altcoin’s monthly reserves have fallen from 3.1 billion to 2.6 billion XRP. This decline removed roughly 500 million tokens.

Normally, a 63% retreat from $3.66 toward $1.35 could encourage holders to return tokens for selling. Instead, reserves kept trending lower through rebounds and retracements, while the monthly average reached its weakest level since February 2024.

Source: CryptoQuant Simply, that divergence in trends indicates that XRP holders are increasingly moving XRP from exchanges like Binance rather than returning it to an exchange. Despite this implying that holders show no intent of selling, it does not prove accumulation.

This is because custody changes and other Binance transfers can cause reserve balances to decline.

Still, fewer exchange-held tokens mean less XRP sits immediately available for sale. Yet, if withdrawals persist when demand improves, tightening exchange supply could strengthen XRP’s longer-term recovery.

Whale withdrawals dominate XRP outflows As XRP continued leaving Binance, August revealed another shift. Larger holders were increasingly responsible for the sudden trend shift. Notably, whale outflow dominance reached 84.25% on the 21st of August, while retail slipped to just 15%.

That 69.25-point gap nearly replicated March’s 84.6% whale peak. In other words, this simply showed that large-holder activity had returned to an extreme.

Moreover, whales generated 5.6 times retail outflows. This was up from 4.5 times that experienced in June.

Source: CryptoQuant This concentration matters because large transfers can reshape exchange liquidity faster than dispersed retail movements. Nevertheless, outflows cannot confirm whether whales are accumulating or simply relocating the tokens.

Meanwhile, with dominance now easing to 78.5%, sustained levels near 80% would indicate large holders remain the main force behind Binance withdrawals.

XRP tests key support as selling pressure persists Whale withdrawals may be reducing XRP on Binance, but price action shows that scarcity alone has not brought buyers back. XRP’s rally stalled near $1.56 before repeated lower highs dragged the price toward $1.35, keeping sellers firmly involved.

Source: TradingView At press time the altcoin was trading at $1.32. However, a break above the current bearish trend line would provide bulls with the first real opportunity to reverse recent losses.

If the bulls can successfully defend this area, it will create a basis from which XRP can build upon instead of just pausing before another leg lower.

However, weak volume shows buyers have not committed enough capital yet. A move through $1.42 would change that picture, opening $1.48–$1.50. Consequently, if the $1.3199 level breaks, bearish momentum could overwhelm reduced exchange supply

As a result, this would expose the $1.25–$1.28 zone, hence extending the correction and delaying any meaningful recovery.

Final Summary XRP Binance reserves fell 500 million tokens as whale withdrawals tightened exchange supply. XRP must hold $1.3199 and reclaim $1.42 to strengthen recovery prospects.

Ripple (XRP) and Stellar (XLM) show divergent technical outlooks as traders assess whether the recent weakness could give way to a recovery. XRP is finding support and defining a key support zone, while XLM slips below a cluster of Exponential Moving Averages (EMAs). However, improving derivatives metrics for both tokens suggest market positioning could be shifting toward a potential short-term rebound.

Derivatives metrics support a potential recoveryDerivatives data shows a mild bullish tilt among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 1.15 and 1.09, respectively, on Thursday, nearing their highest levels in a month. A ratio above one indicates bullish sentiment, as traders bet asset prices will rise.

XRP long-to-short ratio chart. Source: Coinglass

XLM long-to-short ratio chart. Source: CoinglassIn addition, the XRP funding rate flipped positive on Saturday and read 0.0097% on Thursday, indicating that longs are paying shorts and reflecting a bullish bias. Similarly, the XLM funding rate flipped positive on Wednesday and read 0.0100% on Thursday, reflecting a bullish outlook.

XRP funding rates chart. Source: Coinglass

XLM funding rates chart. Source: CoinglassXRP technical outlook: Defends key 200-day EMAXRP price trades at $1.359 on Thursday, holding above the key EMAs, with the 200-day EMA at $1.350 and the 50-day and 100-day EMAs at $1.222 and $1.218, respectively, which collectively suggest a constructive near-term bias while price consolidates near recent highs. 

The Relative Strength Index (RSI) at 59 shows momentum cooling from prior overbought extremes but still leans mildly positive. In contrast, the Moving Average Convergence Divergence (MACD) has slipped into negative territory, hinting at a loss of upside traction rather than a completed bearish reversal as long as price remains supported above the 200-day EMA.

On the downside, immediate support is just below the market at the 200-day EMA around $1.350, with a stronger structural floor at the horizontal level of $1.300 before deeper demand emerges near the clustered 50-day and 100-day EMAs around $1.220 and, farther below, the $1.000 psychological zone.

On the topside, the next notable resistance does not appear until the horizontal barrier at $1.900, suggesting that if buyers can defend the $1.350–$1.300 band, the broader uptrend could resume toward that ceiling once momentum stabilizes.

XRP/USDT daily chartXLM technical outlook: Slips below key support zoneXLM trades at $0.1772 on Thursday, holding below a dense band of EMA resistance that keeps the near-term bias bearish. 

XLM price is capped first by a horizontal barrier at $0.1774, closely followed by the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795, while the 200-day EMA sits higher at $0.1887, reinforcing the broader downtrend. 

The RSI at 49 sits near neutral, and the MACD has slipped slightly negative, suggesting waning upside momentum after the recent rally and favoring consolidation or a mild pullback while these overhead levels remain intact.

On the topside, immediate resistance sits at $0.1774, with the 50-day EMA at $0.1777 and the 100-day EMA at $0.1795 forming a tight cluster that XLM would need to clear to resume a push toward the 200-day EMA at $0.1887.

On the downside, the next notable support sits at the horizontal level of $0.1420, where buyers could reemerge if selling pressure extends. However, the lack of nearer structural floors leaves the pair vulnerable to sharper downside if current resistance continues to reject advances.

XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

Crypto analyst Ali Martinez, in his recent assessments of XRP and Cardano (ADA), stated that the technical outlook for both altcoins points to a potential recovery. According to Martinez, the $1.31-$1.38 range stands out as a critical support zone for XRP, while the Tom DeMark Sequential indicator has generated a new buy signal for Cardano.

Martinez noted that despite the current correction, XRP is trading above a strong support area. On-chain data shows that over 4.8 billion XRP were previously purchased at prices between $1.31 and $1.38. Therefore, the analyst stated that this area could form a significant line of defense should selling pressure continue.

Another positive factor for XRP was the increased demand for spot XRP ETFs in the US. According to data shared by Martinez, spot XRP ETFs accumulated over $105 million worth of XRP last week. The analyst stated that ETF-related purchases have not yet fully translated into price performance, but they provided additional demand to the market during the pullback.

From a technical perspective, it was noted that XRP may be forming a bullish flag pattern on the hourly chart. According to Martinez, a breakout above $1.38 on the hourly chart could confirm an upward breakout of the pattern. In such a scenario, the $2 level could come back into play.

Martinez emphasized that XRP investors should pay close attention to the $1.31-$1.38 range in particular.

On the Cardano side, it was noted that the Tom DeMark Sequential indicator gave a new bullish signal on the daily chart. Martinez stated that this indicator has yielded remarkable results in identifying ADA’s local lows in recent months.

According to the data shared by the analyst, the indicator experienced increases of 44.5% in ADA following the signal given on June 25, 11.5% following the signal on July 15, and 50.9% following the signal on August 18.

*This is not investment advice.

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Nate Geraci, an influential figure in the ETF analysis space, highlighted a shift in Washington’s cryptocurrency debate this week. The central issue for policymakers, he noted, has moved beyond whether digital assets will enter the financial mainstream, focusing instead on how their integration will be structured. For XRP, the digital asset developed by Ripple Labs for global payments, these regulatory nuances are especially significant due to its complex legal journey in the United States.

Debate shifts toward system architectureEchoing Kristin Smith, President of the Solana Policy Institute, Geraci explained that current regulatory discussions now revolve around constructing the architecture for crypto’s potential coexistence or integration with established financial systems. This shift comes as the CLARITY Act nears a decisive Senate procedural vote on Sept. 15, while federal bodies continue updating crypto rules even before formal legislative decisions are made.

This two-track strategy stands out for XRP because of its unique progression through the U.S. regulatory landscape compared to many other digital assets.

Geraci summarized: Policymakers are no longer fixated on whether crypto should become a part of traditional finance. Attention is now on the framework that will govern its role in the system.

Impact of court decisions and legislative provisionsRipple Labs and the U.S. Securities and Exchange Commission put an end to their respective appeals in August 2025, establishing the district court’s final judgment as authoritative. District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP did not constitute unregistered securities transactions, although certain institutional sales did fall under existing securities law.

A crucial discussion point for XRP is the proposed Section 105 in the Senate’s draft legislation. If adopted, this provision would restrict the SEC’s jurisdiction when a non-appealable U.S. court judgment, pre-dating the law, determines a digital asset is not a security.

However, legal analysts caution that the impact of this clause has limits. Judge Torres’s findings applied specifically to certain types of XRP transactions, rather than issuing a blanket determination for all sales of the token. As a result, debates about the security status of XRP continue and remain closely tied to the specific circumstances of each transaction.

This uncertainty keeps the institutional infrastructure question at the forefront of the discussion regarding XRP’s place in regulated markets.

SEC proposals and technological integrationOn Sept. 1, the SEC introduced its first significant update in decades to transfer-agent regulations, specifically acknowledging the role of blockchain technology in securities offerings and share transfers. Transfer agents manage crucial elements of U.S. securities settlement and ownership, positioning them at the center of market operations.

Coinpaper analyzed the intersection of these proposed blockchain-focused transfer-agent rules with both Ripple and the XRP Ledger’s expanding tokenization infrastructure.

For Ripple and the XRP Ledger, these developments align with ongoing efforts to expand into tokenization, institutional custody, stablecoin strategies, and broader financial infrastructure. XRP-linked investment vehicles, such as exchange-traded funds (ETFs), are also becoming more common within regulated finance circles.

Mini dictionary: Transfer agents, in finance, are responsible for maintaining records of investors and facilitating securities transfers, settlements, and ownership changes for corporations and funds.

EventDateXRP ImpactProgrammatic sales not securitiesDistrict Court, 2025FavorableSEC transfer-agent rule proposalSept. 1, 2025Expands blockchain recognitionXRP price movementSept. 3, 2025$1.32 (down 2%)XRP market response and outlookRipple CEO Brad Garlinghouse has maintained that passing the CLARITY Act could eliminate a significant regulatory obstacle for the XRP ecosystem, paving the way for broader adoption by institutional investors and financial platforms.

Despite these policy developments, the immediate effect on XRP’s market value has been limited. XRP traded at approximately $1.32 on Wednesday, representing a decline of nearly 2% on the day and about 9% from its August 27 level of $1.45.

While policy shifts promise long-term clarity, current market sentiment suggests that traders and investors do not view them as immediate drivers for XRP price action.

Industry participants see Washington’s focus evolving from existential questions of whether crypto belongs in traditional finance, to the logistical challenges of shaping its regulated participation. For XRP, the main regulatory milestone ahead centers on solidifying the structures through which it can function within established U.S. markets, rather than debating its eligibility for access.

XRP year-end forecasts diverge: 7,420% surge or 26% drop, analyst says

XRP is starting September amid growing speculation regarding its price direction, with a number of factors likely to impact its performance ahead of the month’s close. Analysts are paying close attention to institutional demand, policy developments in the United States, and monetary shifts, as well as trends across the wider digital asset landscape.

ChatGPT’s XRP outlook for September 2026OpenAI’s artificial intelligence platform, ChatGPT, recently evaluated current catalysts and outlined a potential price range for XRP by September 30, 2026. The analysis notes that precise forecasting is impossible, but draws on technical indicators, institutional activity, macroeconomic signals, and regulatory dynamics to set expectations for different scenarios.

ChatGPT finds that incorporating technical patterns, institutional flows, macroeconomic conditions, and pending regulatory changes results in multiple possible outcomes, not a single definitive price for XRP.

Under its base-case scenario, ChatGPT places XRP’s price between $1.30 and $1.60 by the end of September 2026. The study emphasizes that stronger momentum in the crypto market and improved external conditions could send XRP above this range. In a bullish case, the price could reach between $1.70 and $2.20 or higher, particularly if XRP overcomes resistance around $1.56 to $1.69 and if flows into institutional products increase.

In contrast, a breakdown of support could push the price to between $0.80 and $1.15, especially in the event of significant market headwinds or stricter monetary policy from the Federal Reserve.

ScenarioSupport/ResistanceXRP Price RangeKey FactorsBullishAbove $1.56–$1.69$1.70–$2.20+Strong ETF demand, positive regulationBase CaseAround moving averages$1.30–$1.60Stable ETF flows, moderate growthBearishBelow $1.34–$1.36$0.80–$1.15Market decline, hawkish policyInstitutional demand and ETF inflowsInstitutional demand has been a recurring theme in XRP’s recent story. Spot exchange-traded funds (ETFs) for XRP have recorded persistent inflows, with total assets surpassing $1.4 billion. Ongoing participation through these funds may support the price, provided that overall digital asset markets remain steady.

Sustained ETF inflows often reflect confidence from professional investors and can help maintain market liquidity and sentiment. Any acceleration in these inflows during September could reinforce bullish potential for XRP, but market-wide conditions and investor appetite will remain key drivers.

Regulatory clarity and the CLARITY ActRegulation is at the forefront of market discussions this month. The Digital Asset Market Clarity Act, also known as the CLARITY Act, is under watch by investors and project leaders as US lawmakers debate more definitive guidelines for digital assets like XRP.

Progress on the legislation could help reduce uncertainty surrounding cryptocurrencies and encourage broader institutional adoption. If the bill advances, this could further boost sentiment for XRP. Conversely, continued delays or negative changes may dampen the catalyst’s impact, making the law’s development an important factor in short-term price movements.

Mini dictionary: CLARITY Act, a proposed US legislative bill aiming to clarify regulatory definitions and requirements for digital assets, which could significantly affect compliance obligations and market dynamics within the crypto industry.

Key outcomes for XRP in SeptemberXRP’s trajectory in September depends on several interconnected factors. The bullish outcome requires the price to move above the $1.56–$1.69 resistance area, supported by heavy ETF inflows, positive regulatory advances, and a favorable macro environment.

The base-case scenario assumes steady ETF demand and market stability, with XRP trading between $1.30 and $1.60 while consolidating around key moving averages. A bearish outcome might emerge if support at $1.34–$1.36 is lost, potentially due to tighter US monetary policy or a broad selloff in digital assets, leading to prices slumping to between $0.80 and $1.15.

ChatGPT maintains that while XRP could reach higher or lower ranges, any forecast must account for the inherent uncertainty and volatility of the cryptocurrency market, along with evolving regulatory and macroeconomic factors.

Crypto analyst Dark Defender has identified a significant shift in $XRP’s technical outlook, highlighting that August’s monthly close could mark the beginning of a major new upward move. By sharing a monthly chart, the analyst pointed out that the digital asset completed its correction phase and has now started to show early signs of a bullish reversal.

Consolidation period endsAfter reaching a peak at $3.65 during the 2024-2025 rally, XRP entered a lengthy consolidation phase. The price gradually declined, moving within a descending channel and forming what chart technicians term an A-B-C corrective pattern. Wave C found its low point near $1, pushing the token into a zone seen as critical support by traders.

This trend continued until August, when XRP registered a notable reversal. In just under 72 hours during the latter part of the month, the token surged over 50%. Price action managed to decisively break above its initial resistance level, and the monthly chart closed well above this threshold. Many traders now regard this monthly close as a potential launchpad for future gains.

August closed with a green bullish candle. $XRP is breaking the initial resistance. These are the signals of a new impulse! Resistances: $1.88, $4.11, $5.85. Targets: $7.07 and a double-digit range.

Technical developments on the chartThe latest chart analysis reveals that the A-B-C correction has completed, with the lowest point aligning with the bottom of the Ichimoku cloud and coinciding with a support zone. The Relative Strength Index (RSI) is beginning to rise from its recent lows and is now poised to cross above its signal line, a development often viewed by technical traders as an indicator of a trend reversal ahead.

Dark Defender’s projection suggests the start of a new impulse phase. Fibonacci extension levels serve as the analyst’s main targets, with immediate price resistance seen at $1.88, followed by more ambitious levels at $4.11 and $7.07. While the precise “D.D.” target was not specified, it was described as falling into double digits. This aligns with similar predictions by other market participants, who have suggested longer-term goals ranging between $15 and $50.

Mini dictionary: Ichimoku cloud, a technical analysis indicator that identifies support, resistance, trend direction, and momentum through various averages plotted on a price chart.

Resistance and price targetsAccording to Dark Defender’s latest update, the three nearest resistance levels for XRP are $1.88, $4.11, and $5.85. The analyst’s primary target is now $7.07, while the ultimate objective remains within the double-digit price band. XRP’s current price stands at $1.3825, situated between the 50% retracement level of $1.2939 and the 85.4% retracement level at $1.5692. Clearing the $1.88 resistance is considered vital for confirming the validity of the bullish setup.

Resistance LevelRetracement/Extension$1.88161.8% extension$4.11261.8% extension$5.85Interim resistance$7.07361.8% extension / major targetAnalyst’s message to holdersIn a message aimed at long-term supporters, Dark Defender encouraged the community by acknowledging their perseverance throughout XRP’s periods of difficulty. The chart now highlights the asset’s breakout above initial resistance, and if the predicted impulse wave materializes, the first major destination would be $7.07, followed by the much-anticipated double-digit target.

“You have survived every difficulty; don’t forget how much you’ve made it through.” The projection now points to $7.07 as the next landmark, with the possibility of double-digit values on the horizon.

XRP Ledger trading activity grew significantly in the second quarter. The average daily order-book volume rose 79% from a year earlier even as the number of accounts executing those trades declined, according to a new report from XRP-focused digital asset treasury company Evernorth.

Order-book trading on the XRP Ledger averaged 3.57 million XRP per day in the three months through June. It is up from the year-earlier period. 

At the same time, the number of accounts placing trades each day fell to 1,111 from 1,864.

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That meant substantially more XRP was traded per active account. Average daily trading per account rose to 3,217 XRP from 1,072 XRP a year earlier, according to Evernorth's Q2 2026 XRP Liquidity Report.

Order-book activity also accounted for 81% of on-chain trading during the quarter, compared with 54% a year earlier.

The report's findings come as liquidity on the XRP Ledger continues to develop beyond XRP itself. 

Evernorth said the average supply of RLUSD, Ripple's dollar-pegged stablecoin, on the ledger reached $539 million in the second quarter, up from $73 million a year earlier.

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RLUSD's share of its total supply held on the XRP Ledger also increased to 34% from 20% over the same period. Evernorth noted that the growth occurred while the broader stablecoin market contracted for the first time since 2023.

The data provides a snapshot of how trading and stablecoin liquidity on the XRP Ledger have changed over the past year. However, it does not by itself establish whether the increase in trade size.

Evernorth's public debut Evernorth is preparing to become a publicly traded digital asset treasury company through a proposed combination with Armada Acquisition Corp. II. The companies said last month that the U.S. Securities and Exchange Commission had declared their Form S-4 registration statement effective.

Armada shareholders are scheduled to vote on the transaction Sept. 30. If approved and completed, the combined company is expected to trade on Nasdaq under the ticker XRPN.

The CLARITY Act has drawn public backing from leading financial institutions, signaling strong support from major players in the industry. Despite this momentum, the legislation continues to face opposition from certain quarters. Brian Armstrong, CEO of Coinbase, the largest US-based cryptocurrency exchange, addressed both the support and resistance in a recent interview.

Major institutions endorse the billArmstrong named Goldman Sachs, Citi, BNY Mellon, Fidelity, and BlackRock as key supporters of the CLARITY Act, stating these financial giants have openly endorsed the legislation. He described the bill as a positive development for banks that want to leverage blockchain technology to expand their services.

According to Armstrong, the majority of banks recognize the potential benefits the bill offers. He suggested that these institutions see new opportunities for business growth and innovation with the regulatory clarity the Act would provide for digital assets and blockchain integration.

Most banks support the bill because it gives them new tools to grow their business using blockchain, Armstrong said, but a small group still opposes it as they “don’t want competition from crypto companies.”

A minority pushes backArmstrong emphasized that opposition comes from a minority of banks intent on protecting their current market position rather than consumer interests or concerns about systemic stability. He explained that these banks prefer to avoid direct competition with digital asset firms and resist potential changes that could require them to offer higher rates to customers.

He referenced companies such as Ripple, a blockchain-based payments provider, which have encountered resistance from some banks when seeking a banking charter. Armstrong argued that this resistance centers on a desire to exclude competition rather than genuine regulatory or financial concerns.

Armstrong invoked the principles of free market competition, stating that such behavior should be evaluated accordingly. He predicted that the Senate would not support efforts to shield traditional banks from competition with crypto firms.

Armstrong expressed confidence that the Senate will not allow protectionism to block innovation, pointing to America’s tradition of encouraging competition.

Legislative progress and upcoming voteThe CLARITY Act passed the Senate Banking Committee in May and has since been awaiting a full Senate vote. Senate Majority Leader John Thune filed for cloture prior to the August recess, setting the stage for a procedural vote scheduled for September 15, when the Senate reconvenes.

To pass the cloture threshold, the bill requires at least 60 votes, making bipartisan support essential. Senator Tim Scott has publicly stated that he expects the Act to become law. Senator Cynthia Lummis has also highlighted support for the legislation from major Wall Street firms, countering claims of widespread opposition from the financial sector.

The outcome of the September 15 vote will determine whether the Senate moves the bill forward, potentially opening the doors for broader adoption of blockchain technology in the US banking system.

Mini dictionary: CLARITY Act, US legislation aiming to provide clear regulations for digital assets, facilitate blockchain integration by banks, and reduce legal uncertainty for both traditional and crypto businesses by defining regulatory guidelines for the industry.

Armstrong reiterated that the opposition represents a minority within the banking industry. He made it clear that most major financial institutions have already expressed support for regulatory clarity and technological advancement.

InstitutionPosition on CLARITY ActGoldman SachsSupportsCitiSupportsBNY MellonSupportsFidelitySupportsBlackRockSupportsCertain other banksOpposeMarket observers await the critical Senate vote as a key turning point for the future regulatory environment affecting both traditional banks and cryptocurrency companies.

XRP Ledger saw a sharp increase in trading activity during the second quarter of 2026, according to a new report from Evernorth, a company specializing in digital asset treasury solutions for the XRP ecosystem. The average daily order-book trading volume on the ledger reached 3.57 million XRP, reflecting a 79% rise compared to the same period last year.

Fewer traders, larger trade sizesDespite the heightened trading volumes, the number of accounts placing trades on the XRP Ledger dropped to 1,111 per day from 1,864 a year ago. This resulted in a significant increase in average trading size per account, with each active account now handling an average of 3,217 XRP daily, up from 1,072 XRP one year earlier.

Order-book activity accounted for 81% of on-chain trading during the quarter, compared with 54% a year earlier, underscoring a shift toward more centralized trading activity on public order-books.

Order-book trading represented a larger share of on-chain activity, jumping from 54% to 81% over the year. This shift illustrates a move toward more order-driven trading on the XRP Ledger.

Rise of Ripple’s stablecoin RLUSDRipple’s dollar-linked stablecoin, RLUSD, also gained prominence on the XRP Ledger over the past year. Evernorth reported that the average supply of RLUSD on the ledger increased to $539 million during the second quarter, a notable rise from $73 million the previous year. At the same time, RLUSD’s share of its total supply held on the XRP Ledger grew from 20% to 34%.

Mini dictionary: RLUSD is Ripple’s U.S. dollar-pegged stablecoin issued on the XRP Ledger. Stablecoins like RLUSD are designed to maintain a 1:1 value with the U.S. dollar and are used for fast, low-cost transactions on blockchain networks.

The expansion of RLUSD on the ledger occurred as the broader stablecoin market saw contraction for the first time since 2023.

MetricQ2 2025Q2 2026Avg. daily order-book volume (XRP)Not specified3.57 millionNumber of daily trading accounts1,8641,111Avg. daily volume per account (XRP)1,0723,217Order-book share of on-chain activity54%81%RLUSD supply on ledger$73 million$539 millionRLUSD supply share on ledger20%34%Evernorth’s public listing plansEvernorth is advancing plans to become a publicly listed digital asset treasury company through a proposed merger with Armada Acquisition Corp. II, a U.S.-based special purpose acquisition company. Last month, the U.S. Securities and Exchange Commission declared the companies’ Form S-4 registration statement effective—a key regulatory step for the transaction.

Armada shareholders are expected to vote on the proposed combination on September 30. If the deal is approved and completed, the merged company would be listed on Nasdaq under the ticker symbol XRPN.

The report provides insight into the ongoing evolution of liquidity and stablecoin activity on the XRP Ledger as well as corporate developments around Evernorth. However, while trading volumes per account are up, the data does not clarify the underlying market behavior driving these patterns.

SEC Chair Paul Atkins said the agency’s newly proposed crypto framework represents its “most historic step yet” toward fulfilling the White House’s push to make the United States the crypto capital of the world, timed just ahead of the CLARITY Act’s scheduled Senate vote on September 15.

Atkins Lays Out the SEC’s Plan A and Plan B

Atkins said the SEC’s proposal is designed to work in tandem with the CLARITY Act rather than in place of it, allowing the agency to collect public comment now and be ready to move forward with formal rules once the legislation clears Congress and reaches the president’s desk. 

Asked how far the SEC would go if Congress fails to act, Atkins said the agency believes it has sufficient authority under existing law to proceed with rulemaking on its own, though he was clear that path is less durable than legislation. 

“What we really do need is statutory grounding of this to make sure that it is sustainable, lasting into the future,” Atkins said, noting that rules built purely on agency authority can be reversed by a future commission, while a law passed by Congress cannot be undone as easily.

Atkins also framed the effort as a reshoring push, arguing that crypto innovators have spent the past several years building products and raising capital offshore rather than in the U.S., and that American investors can already move money anywhere in the world regardless of domestic policy. “We need to make sure that they can do it here in the United States under United States law,” he said.

Crypto Markets Pull Back Even as Optimism Builds

This comes as Bitcoin, Ethereum, XRP and the broader altcoin market cool off after a recent rally. Bitcoin is trading near $77,000, down roughly 1.3% on the day, as a global bond market selloff weighed on risk assets. 

Experts have observed that Bitcoin’s 4-hour Bollinger Bands are compressing following its move from $63,000 to above $80,000, a sign that volatility has cooled significantly after the run-up. With BTC trading around $77,100, $79,500 remains the important resistance level the market has been tracking closely.

XRP ETF Demand Building Despite the Pullback

Away from the price action, institutional appetite for XRP appears to be holding up. US spot XRP ETFs pulled in roughly $105 million, or about 73.2 million XRP, during the week of August 24. Analyst Ali Charts said that an hourly close above $1.38 would confirm that pattern, with the $1.31 to $1.38 range serving as the zone to watch in the meantime.

Ethereum’s Wave Structure Points to a Deeper Pullback First

After a move higher, ETH could see a pullback toward the $2,100 to $2,220 range before finding its footing. Some buying interest may show up earlier, around $2,320, which could spark a bounce toward $2,780 to $2,960 before a deeper dip back near $2,100. A daily close below $2,050 would signal this pullback scenario is no longer playing out as expected.

What It All Adds Up To

Between Atkins’ regulatory push, softening price action across majors, and mixed signals from ETF flows versus short-term technicals, the setup heading into the September 15 CLARITY Act vote looks anything but settled. Institutional demand for XRP appears to be building quietly in the background, even as Bitcoin consolidates and Ethereum’s chart structure points to further downside before any renewed rally attempt.

Story Ends Here

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Remixpoint, a Tokyo-listed energy and digital asset firm, has exited every altcoin on its balance sheet.

In a timely disclosure filed on September 2, 2026, the company confirmed it sold all of its Ethereum, Solana, XRP, and Dogecoin on September 1.

The total proceeds came to ¥878,814,569 (~$5.5 million). After the sales, the firm now holds only Bitcoin, approximately 1,506 BTC, cementing its shift to a pure Remixpoint Bitcoin treasury strategy.

Four Altcoins Sold in One Day, Dogecoin Was the Only Loser The sales covered four assets in a single trading day. Remixpoint sold 901.44 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE.

Against a combined book value of ¥761 million, the firm booked a gain of ¥117,772,649 (~$737,000). ETH and SOL carried the bulk of the profit.

XRP came in as a modest gain. Dogecoin was the only position sold at a loss, at ¥3.25 million below cost.

The sale was executed into a turbulent tape. As CoinGape had reported, Bitcoin fell below $77,000 as fresh U.S. military strikes triggered a broad risk-off selloff on September 1.

Despite that backdrop, Remixpoint still closed the altcoin stack in profit relative to its fiscal-year opening book value.

This signals the sales were a planned strategy close-out. Not capitulation.

Meanwhile, other firms are moving in a different direction on the very same assets.

SharpLink has resumed Ethereum accumulation, and Solana treasury firm DFDV resumed SOL purchases as prices climbed above $100.

Remixpoint’s exit makes it an outlier among DAT peers still stacking altcoins.

Remixpoint Joins Japan’s BTC-Only Treasury Wave, But Charts Its Own Course This move places Remixpoint firmly inside Japan’s growing wave of Bitcoin treasury companies. Yet the firm’s path differs from peers like Metaplanet.

Japan’s largest Bitcoin treasury, Metaplanet, recently added 2,823 BTC, while also launching its U.S. Superplanet vehicle and deploying Bitcoin as productive collateral.

Metaplanet is scaling aggressively. Remixpoint, by contrast, sold its altcoin sleeve to fund grid-scale battery projects.

The company’s own disclosure confirms BTC also generated yield during the holding period.

Bitcoin lending between February and August 2026 produced 14.92 BTC, worth approximately ¥164.21 million.

August alone yielded 2.48 BTC (~¥31.15 million). Combined ETH and SOL staking over the same window added ¥29.87 million.

Management’s logic is clear: BTC serves as both the reserve asset and the yield engine. Altcoin staking was not worth the complexity.

The XRP exit is particularly notable given Japan’s regulatory direction. Lawmakers are advancing a bill to treat Bitcoin, Ethereum, and XRP like stocks, which could cut crypto tax toward 20%.

At the same time, SBI Holdings is still expanding XRP rails and gaming firm Gumi is adding both BTC and XRP.

Remixpoint’s XRP exit is one mid-cap treasury de-risking, not a signal that Japan is abandoning the asset.

Globally, the DAT debate is also shifting. Strategy has authorized Bitcoin sales for credit and dividend purposes, though Michael Saylor insists the firm will remain a net Bitcoin buyer.

Smaller Japanese firms like ANAP have also entered the BTC treasury space. Remixpoint’s ¥117.8 million profit will book as Q2 FY2027 revenue, quarter ending September 30, 2026.

Proceeds are directed toward battery storage expansion and strengthening shareholder value.

Our guide compares top decentralized futures exchanges by liquidity and fees.

TL;DR 

XRP led a $369 million crypto liquidation wave on Wednesday, dropping alongside Ether and Solana amid a scheduled escrow unlock and broader market pressure.Bitcoin fell to $77,200–$77,600, Ether to $2,410–$2,430, and Solana below $100 to $98.47, pulling total crypto market capitalization down to $2.59 trillion–$2.70 trillion.Rising oil prices and Treasury yields pushed Fed rate-hike odds for September 16 to 66%, the main trigger behind the sell-off.The SEC proposed overhauling blockchain transfer agent rules ahead of Congress's Clarity Act, with a September 17 roundtable set to bring in BlackRock, Nasdaq, NYSE and Robinhood on 24/7 stock trading.Wednesday morning, September 2, 2026, began with the cryptocurrency market under heavy pressure as worsening external macroeconomic factors triggered $369.67 million in derivatives liquidations, hitting the largest altcoins.

At the same time, a divergence in capital flows emerged: institutional inflows into spot Ethereum, Solana and XRP ETFs remained positive despite the broader decline in spot prices.

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Meanwhile, the U.S. Securities and Exchange Commission (SEC) initiated a sweeping reform of blockchain infrastructure that directly affects the interests of long-term investors.

At the start of trading, the industry's total market capitalization fell to $2.59–$2.70 trillion, losing around 1.4–2.2% from yesterday's highs and slowing the August uptrend, during which Bitcoin gained 25%.

Crypto liquidation heat map over the past 24 hours led by Bitcoin and Ethereum, Source: CoinGlassThe internal redistribution of capital exposed a split among market participants. According to SoSoValue, despite $236.46 million in outflows from Bitcoin ETFs, regulated Ethereum, Solana and XRP funds demonstrated resilience, closing with net inflows of $10.95 million, $10.19 million and $14.38 million, respectively.

September begins with a long squeeze: How expensive oil triggered liquidations for 90,000 crypto tradersThe market's steep decline over the past 24 hours turned into a large-scale long squeeze, hitting buyers using high leverage. Real-time data from CoinGlass shows that of the $369.67 million in total liquidations, $301.84 million came from long positions.

Short positions, meanwhile, lost $67.83 million.

Most of the forced closures occurred within a narrow time frame: $141.44 million was liquidated over a 12-hour period, while another $82.10 million was wiped out during the final four hours before dawn. In total, exchanges closed the positions of more than 90,000 leveraged traders.

Price movements among the largest assets were distributed as follows:

Bitcoin (BTC) recorded the largest losses in absolute terms, with $111.83 million in liquidations pushing the price down 1.3–1.8% toward the $77,200–$77,600 support zone.Ethereum (ETH) fell by around 2% into the $2,410–$2,430 range, with liquidations reaching $95.39 million. The asset also saw the largest single liquidation of the day: an $11.99 million order on Binance.Solana (SOL) declined by 2–3.5%, falling below the psychologically important $100 mark to $98.47. The total value of forcibly closed positions reached $27.09 million.XRP retreated amid a scheduled escrow unlock, despite a strong backdrop that included $170 million in ETF inflows over the past 11 days and Goldman Sachs joining the ranks of major holders. You Might Also Like

The main trigger for the sell-off was the external macroeconomic backdrop and the shift by global markets into a defensive position amid commodity-related risks. The price of WTI crude oil jumped above $90–$92 per barrel, while the yield on 10-year U.S. Treasury bonds climbed to the current cycle's highs of around 4.78–4.79%.

Performance of WTI crude oil, BTC/USD, and total altcoin market cap, Source: TradingViewBecause of inflationary pressure and rising Treasury yields, market participants raised the probability of a Federal Reserve rate hike on September 16 to 66%, which traditionally reduces demand for risk assets.

The only significant counterweight to the decline was that long-term Bitcoin holders became net buyers for the first time in a month. Several assets also ignored the broader sell-off: Filecoin gained 14–15% amid demand for decentralized AI data storage, while Uniswap rose 11% alongside improving metrics for Aave and Curve.

Congress's feint and 24/7 trading: Why the SEC is moving quickly to take control of tokenizationAmid the current market liquidations, the U.S. SEC moved to seize the legislative initiative from Congress, deciding not to wait for lawmakers to agree on the Clarity Act.

The Commission officially proposed a complete overhaul of the rules governing transfer agents, adapting them to public blockchains, tokenized stocks and artificial intelligence.

By advancing its own strict regulations, the SEC is effectively presenting lawmakers with a fait accompli and preemptively securing control over the emerging digital securities market under its exclusive jurisdiction.

The next key step in implementing this strategy will be a major SEC roundtable scheduled for September 17. The agency is bringing together Wall Street leaders and technology giants, including BlackRock, Citadel Securities, Nasdaq, NYSE, DTCC and Robinhood, to discuss the official launch of round-the-clock trading in traditional stocks.

Participants will be expected to establish working rules for moving the stock market to continuous settlement, including the introduction of overnight supervision, instant clearing systems and protections for retail investors outside regular market hours.

In the long term, this reform will completely erase the infrastructure boundaries between traditional finance and the digital asset industry. Round-the-clock access to trading on a 365 basis will no longer be a unique advantage of cryptocurrencies, as the stock market adopts the same standard, leading to a redistribution of speculative liquidity.

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The largest players are already adapting to the new rules. A banking consortium led by Citi and Goldman Sachs is developing its own dollar-backed stablecoin for 2027, while the London Stock Exchange (LSE), together with Kraken's owners, is testing the transfer of major British stocks onto blockchain rails.

The industry interpreted the regulator's actions as the final recognition of the technology at the government level. Real-world asset tokenization platform Securitize, a BlackRock partner, said the new rules should "raise standards, not lower them" and that updating the regulatory framework to reflect the current evolution of financial markets is "exactly the right move."

ETF Store President Nate Geraci similarly emphasized that major Wall Street players are no longer debating whether crypto will survive. Today, "pretty much nobody is debating" its integration, with the entire discussion focused exclusively on "how it exists or replaces" outdated financial mechanisms.

Interesting thing about Clarity Act, SEC crypto rule making, etc is this…

And I’m paraphrasing from @KristinSmith:

Pretty much nobody is debating whether crypto ends up inside existing financial system (or replaces it).

They’re all working on *how* it exists or replaces it.…

— Nate Geraci (@NateGeraci) September 2, 2026 For investors, these developments form a clear picture. September has historically had a reputation as a weak month for digital assets: since 2013, Bitcoin has closed the month in the red eight times out of 13, with an average return of -3%. The S&P 500 has also declined by an average of 0.6% in September since 1945.

The current pressure on cryptocurrency prices is being intensified by the commodity shock and expectations surrounding fresh U.S. unemployment data due on September 3.

The localized commodity shock is temporarily weighing on prices, but long-term funds continue to increase their positions. The next key benchmark for the market will be the release of the latest U.S. unemployment data, which will determine asset performance through mid-September.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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These Wall Street Giants Are the Biggest Holders of Spot XRP ETFs

Altcoins

2 September 2026 | 09:34 XRP attracted fresh ETF demand while sliding toward the base of its August correction, leaving $1.32 to determine whether the broader recovery remains intact for now.

Key Takeaways XRP ETFs drew $14.38 million September 1. Ripple returned 700 million XRP to escrow. XRP set a post-peak low near $1.32. The descending channel remains intact for now. ETF buyers arrived, but price did not follow US spot XRP ETFs recorded $14.38 million in net inflows on September 1, according to SoSoValue. Franklin’s XRPZ led the session with $6.63 million, followed by $4.72 million for Grayscale’s GXRP.

Cumulative net inflows reached approximately $1.68 billion, while the products’ combined net assets stood at $1.44 billion after the session. The regulated funds therefore continued attracting capital during XRP’s correction.

XRP did not rise alongside the reported inflows, showing that ETF demand had not yet translated into a broader price recovery. The token had gained nearly 70% during its August advance, giving recent buyers a substantial profit cushion and creating one plausible source of selling.

XRP was not declining in isolation. Its pullback extended a wider crypto-market retreat that began on September 1 as higher Treasury yields and renewed concerns about the yen weighed on risk assets. Coindoo’s report on the two macro risks facing the crypto market explains why several large cryptocurrencies moved lower together. That wider pressure makes it difficult to attribute XRP’s decline to events like Ripple’s escrow activity alone.

Ripple’s 1 billion XRP unlock was not a sell order Ripple’s scheduled September escrow release consisted of three transactions containing 500 million, 400 million and 100 million XRP. Later that day, a report citing XRPL transaction data showed the company creating new escrows for 500 million and 200 million tokens, returning 700 million XRP to time-locked accounts.

The sequence left 300 million XRP outside the newly created escrows. That amount became available to Ripple, but no cited transaction shows the entire balance moving to an exchange or entering public-market circulation.

Ripple’s explanation of the escrow system describes the monthly 1 billion XRP release as an upper limit on possible new supply rather than the amount automatically entering circulation. Tokens that remain unused can be placed into new escrows with later release dates.

The $14.38 million ETF inflow also cannot be measured directly against the roughly $405 million nominal value of the 300 million XRP remaining outside escrow at a price of $1.35. The ETF figure represents capital that entered the funds during one trading day. The larger number represents company-controlled inventory that has not been shown entering the public market.

XRP returns to the base of its August range XRP has worked its way lower inside a daily descending channel since its August rally failed near $1.70. Selling volume has remained well below the levels recorded during the advance, so the pullback still lacks the force of a high-volume breakdown.

XRP/USD daily chart showing the descending channel, Fibonacci levels and moving averages. Source: TradingView, Coinbase. The failed breakout discussed in our August 29 analysis has since developed into a steady sequence of lower highs. XRP fell to $1.3265 on September 2 before recovering toward $1.35, marking its lowest price since the August peak. The wick stopped above the channel’s lower trendline, leaving the wider pattern intact.

A daily close below $1.32 would break the base of the measured Fibonacci range and expose the 200-day simple moving average near $1.27. That would deepen the correction, although XRP would remain technically inside its wider descending channel until price also closed beneath the lower trendline.

Buyers face the channel’s upper boundary in the mid-$1.30s. Moving above it would weaken the recent sequence of lower highs, while $1.40-$1.41 provides the first horizontal resistance. A later recovery through $1.47 would return XRP to the middle of its August range.

What would confirm the ETF signal ETF inflows would carry more weight if XRP escaped the channel and recovered $1.41 with stronger trading volume. That combination would show that regulated fund demand was being reinforced by buyers across the wider market, rather than merely offsetting part of the existing selling pressure.

If inflows continued while XRP closed below $1.32, the opposite conclusion would apply: ETF demand would remain too small to stabilize the broader market.

Price still has to confirm the demand September’s data do not support blaming Ripple’s escrow release alone for XRP’s decline. Most of the unlocked tokens returned to escrow, ETFs continued attracting capital and the wider crypto market also moved lower.

Those factors weaken a simple supply-driven explanation, but they do not establish that the correction has ended. Until XRP breaks its descending channel, positive ETF flows remain supporting evidence rather than confirmation of a recovery.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.

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.

Amonyx, a well-known cryptocurrency analyst on X, has signaled that XRP may be on the verge of a significant market move. He advised current holders to stay alert, suggesting a market event that could surpass XRP’s 2017 rally in scale. His forecast was accompanied by a multi-year chart tracking XRP’s performance against Bitcoin, reflecting several years of shifting momentum.

The technical patternThe referenced chart displays the XRP/BTC trading pair from 2013 onward, utilizing a three-week timeframe. Over this period, XRP has moved within a broad descending wedge, with price action continually squeezed between converging resistance and support trendlines. This formation has persisted for years as XRP has gradually declined in value relative to Bitcoin.

Recent activity suggests XRP is testing the upper boundary of this wedge more forcefully, a situation that often points to increased buying pressure. The wedge pattern has narrowed substantially, and XRP is currently trading at 0.00001758 BTC, situated just beneath the established resistance zone.

Some of you are about to witness a wealth transfer so massive, it’ll make 2017 look like a test run. $XRP holders, stay ready.

Amonyx indicated that a breakout above the descending trendline could represent a pivotal technical shift. He cited the possibility of a price move resembling the steep climb documented in 2017, using chart symbols to illustrate his optimistic outlook. While 2017 saw historic gains for XRP, replicating even a fraction of that surge would yield substantial returns for current investors.

Mini dictionary: Descending wedge, a chart pattern characterized by converging downward-sloping trendlines, typically interpreted as a potential bullish reversal signal when price breaks above the upper boundary.

Comparisons to 2017Although Amonyx stopped short of providing an explicit target price, other market observers have used the 2017 rally as a benchmark. During that period, XRP’s price climbed from approximately $0.005 to more than $3, delivering extraordinary percentage gains. Analyst Digital Asset Investor projected that if XRP were to repeat even 10% of this performance from its current trading range, the token could reach about $212. Should the rally use a $0.50 starting point, a 10% repeat would equate to roughly $33.55 per XRP.

ScenarioStarting priceTarget (10% of 2017 rally)Current price basis(approximate current level)$212Nov 2024 price basis$0.50$33.55In addition, analyst ChartNerd identified a past pattern involving a double top, price drop, and explosive rally prior to XRP’s 2017 breakout. He believes a similar technical setup could be emerging, raising expectations among certain bullish investors.

During the 2017–2018 run, XRP posted cumulative gains exceeding 66,000%, reaching a peak above $3 from a starting price near half a cent. Analysts now speculate on the potential for a repeat of even a fraction of this performance if current technical structures hold.

The forecast prompted a notable response from XRP’s online community, sometimes referred to as the “XRP Army.” Some commenters expressed hope that Amonyx’s projection would materialize, while others stated they were waiting for a rally. However, critical voices emerged as well, with a few individuals accusing Amonyx of promoting XRP rather than offering impartial technical analysis.

Amonyx, who is known for frequently issuing bullish forecasts on XRP, remains optimistic even as perspectives on future outcomes vary within the digital asset community.

XRP, developed by Ripple Labs, serves as a digital payment protocol and cryptocurrency designed for fast, low-cost international value transfer. The asset’s sizable online following has historically amplified reactions to price speculation and technical signals from prominent analysts.

In the volatile environment of the cryptocurrency market, relying solely on XRP price appreciation for returns is becoming increasingly uncertain.

Consequently, a growing number of investors are focusing on how to generate ongoing value from their XRP holdings without having to sell the assets.

For long-term XRP investors, enhancing the stability of returns while managing risk has emerged as a key investment priority. Against this backdrop, the cloud mining solution launched by FTmining is attracting significant market attention.

The investment rationale for XRP is shifting.

For a long time, investment returns from XRP relied primarily on price appreciation. However, amidst heightened market volatility and uncertain market cycles, relying solely on price fluctuations to generate gains is increasingly insufficient to meet the demand for stable returns among some investors.

Against this backdrop, a growing number of long-term XRP holders are exploring ways to generate ongoing returns from their assets without having to sell their holdings.

FTmining’s cloud mining model has emerged to meet this specific investor demand. It allows users to participate in mining profit distributions via the platform’s automated system while holding XRP, thereby reducing reliance on short-term price fluctuations.

Key advantages of FTmining cloud mining Instant rewards New users receive a $15 sign-up bonus and a $0.75 daily login bonus, offering a truly barrier-free entry into the mining experience.

Diverse mining contracts Options range from entry-level, short-term $15 contracts to high-yield long-term plans, catering to users with varying budgets and return expectations.

Authoritative regulatory backing FTmining is a cloud cryptocurrency mining platform licensed by the UK Financial Conduct Authority (FCA).

Established in 2021 and headquartered in the UK, the platform undergoes annual audits by PwC and provides digital asset insurance through Lloyd’s of London.

Bank-grade security The platform utilizes top-tier security technologies from McAfee® and Cloudflare® to ensure comprehensive, global protection for users’ digital assets.

Round-the-clock operational stability The platform maintains 100% uptime and provides 24-hour technical support, ensuring consistent and stable mining returns.

How to start your FTmining cloud mining journey Step 1: Register an account: Visit the official FTmining website at https://ftmining.com

Enter your email address to create an account, log in, and access your dashboard to start mining immediately.

Step 2: Purchase a mining contract: FTmining offers various contract options to suit different budgets and goals. Users can choose from the following:

Starter Contract: $100 — 2-day term — Total profit approx. $108

Stable Contract: $800 — 5-day term — Total profit approx. $852.80

Professional Contract: $5,000 — 20-day term — Total profit approx. $6,520

Premium Contract: $25,000 — 28-day term — Total profit approx. $38,300

Visit the official website for more contract details.

After purchasing a contract, earnings are automatically credited within 24 hours; you can withdraw funds to your personal wallet or reinvest them to generate further returns.

Real feedback from XRP holders Kevin, an XRP investor from Florida, USA:

“I used to just hold XRP for the long term, with returns entirely dependent on market fluctuations. Since using FTmining, I receive consistent monthly mining income; currently, my monthly earnings are stable at around $15,000.”

Leo, an XRP holder from São Paulo, Brazil:

“To me, FTmining is more of an asset management tool than a short-term speculative project; it allows my XRP to generate cash flow while I hold it.”

Perspective from a Crypto Asset Strategy Analyst:

“For long-term cryptocurrency holders, relying solely on market price fluctuations for returns carries high risk during times of uncertainty. Improving asset utilization efficiency through platforms like FTmining is a growing trend in the industry.”

Conclusion As the crypto market continues to evolve, FTmining offers XRP holders a more robust and sustainable way to generate returns. Through the FTmining cloud mining model, XRP is evolving from a speculative asset reliant on price appreciation into a financial instrument capable of generating consistent passive income.

For investors seeking to earn stable passive income while retaining the long-term value of their XRP holdings, FTmining offers a compelling option worth considering.

Official Website:https://ftmining.com

App Download: https://ftmining.com/xml/index.html#/app

Customer Service Email: [email protected]

US spot bitcoin exchange-traded funds (ETFs) recorded a significant outflow on Monday, with total withdrawals amounting to $236 million, according to data from SoSoValue. The largest contributor was BlackRock’s IBIT, which saw $201 million exit the fund. Fidelity’s FBTC followed with an outflow of $44 million.

IBIT sees major outflowsBlackRock, recognized as the world’s largest asset manager, has positioned IBIT as a key instrument for investors seeking exposure to bitcoin without directly holding the cryptocurrency. The $201 million outflow from IBIT signals a noticeable shift in investor sentiment or portfolio strategy.

Fidelity, another major US asset manager known for its diverse investment offerings, reported a withdrawal of $44 million from its FBTC bitcoin ETF. These two funds together accounted for nearly the entire outflow from spot bitcoin ETFs on the day, highlighting their dominant roles in the current market landscape.

IBIT accounted for most of a significant $236 million outflow in spot bitcoin ETFs on Monday, with Fidelity’s FBTC also seeing a notable withdrawal.

Limited inflows and flat performance elsewhereBitwise’s BITB emerged as the only fund in this group to post a net inflow, attracting approximately $8 million. The remaining nine spot bitcoin ETFs reported no significant fund movement, reflecting subdued trading activity across the board.

Outside of bitcoin-focused funds, other cryptocurrency ETF products recorded modest gains. Ether ETFs attracted $11 million in fresh capital, continuing a streak of 12 consecutive days with net inflows. Meanwhile, funds tracking XRP collected $14 million, and those exposed to solana took in $10 million. A fund called hyperliquid also saw a smaller increase, adding nearly $2 million.

Mini dictionary: Hyperliquid is a decentralized trading platform and DeFi protocol offering perpetual futures trading and on-chain liquidity for a range of digital assets. Its ETF exposure remains relatively minor compared to established vehicles for large-cap cryptocurrencies.

Market trends and price movementsBitcoin traded just above $77,000 during Asian trading hours on Wednesday, marking a 2% weekly decline, according to CoinDesk data. Among major altcoins, solana and zcash led the 24-hour losses with each dropping about 3%. XRP, tron and dogecoin slipped by roughly 2%. Bitcoin, ether, BNB and hyperliquid funds hovered within 2% of their previous prices, indicating limited volatility among top-tier assets.

Cryptocurrency/Fund1-Day ChangeWeekly PerformanceRecent ETF FlowBitcoin-2%-2%$236M outflowSolana-3%N/A$10M inflowXRP-2%N/A$14M inflowEtherflatN/A$11M inflowZcash-3%N/AN/AAnalysts have noted that the outsized withdrawal from IBIT highlights the impact one large institutional portfolio can have on overall ETF flows. Ongoing movements in IBIT will be closely monitored, as further redemptions may continue to set the short-term direction for the broader spot bitcoin ETF landscape.

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Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding.

Summary

Remixpoint sold all of its ETH, SOL, XRP and DOGE holdings on September 1 for ¥878.8 million. The transactions generated a combined realized profit of ¥117.8 million, which will be booked as business segment revenue in the second quarter. Remixpoint now holds only Bitcoin in its crypto portfolio, with its balance standing at approximately 1,506 BTC. The company plans to consider using the sale proceeds for grid scale battery assets, strengthening its finances and other corporate measures. According to a September 2 disclosure from Remixpoint, the company sold all of its Ethereum, Solana, XRP and Dogecoin on September 1 after reviewing market conditions, the risk and return profile of each asset and its financial strategy. The transactions generated a combined realized profit of ¥117.77 million.

The company said the portfolio change would concentrate its crypto holdings and establish Bitcoin as the main asset under its holding and operational strategy. Remixpoint plans to book roughly ¥117 million from the altcoin sales as business segment revenue in the second quarter of its fiscal year ending March 2027.

Ethereum accounted for the largest portion of the sale by value. Remixpoint disposed of 901.44672542 ETH for ¥353.43 million, compared with a book value of ¥293.22 million, producing a profit of ¥60.2 million.

Its 13,920.07255868 SOL position was sold for ¥227.89 million against a book value of ¥178.58 million. The Solana transaction generated another ¥49.3 million in realized gains.

Remixpoint received ¥260.43 million from the sale of 1.191 million XRP, resulting in an ¥11.52 million profit. Dogecoin was the only position sold at a loss, with 2.802 million DOGE generating ¥37.08 million compared with its ¥40.34 million book value. The DOGE sale resulted in a ¥3.26 million loss.

Combined, the four positions had a book value of ¥761.04 million before being sold for ¥878.81 million.

Ethereum and Solana had previously generated income for the company through staking. Between July 16, 2025 and August 31, 2026, Remixpoint received ¥10.93 million in staking rewards from ETH and ¥18.94 million from SOL, taking total rewards from the two assets to ¥29.87 million. The company received all of those rewards in yen.

Remixpoint had built a diversified crypto portfolio before concentrating its holdings in Bitcoin. In November 2024, crypto.news previously reported that its holdings included Bitcoin, Ethereum, Solana, Avalanche, Dogecoin and XRP. At the time, the company held 215.76 BTC, while Solana was its second-largest crypto position by value.

By December 2024, its Bitcoin balance had increased to 282.87 BTC after another ¥200 million purchase. The company then held ETH, SOL, AVAX, DOGE and XRP alongside Bitcoin, with an aggregate acquisition cost of ¥4 billion across the portfolio.

Bitcoin becomes Remixpoint’s sole crypto holding Following the September 1 sales, Remixpoint said its cryptocurrency holdings consisted solely of approximately 1,506 BTC.

The decision extends a Bitcoin strategy that the company had been expanding since 2024. Remixpoint approved another ¥1 billion Bitcoin purchase in May 2025 after committing ¥11 billion to cryptocurrency purchases and spending ¥10.5 billion of that amount. The additional allocation would have taken its approved crypto investment to ¥12 billion at the time.

Its Bitcoin strategy accelerated two months later when Remixpoint announced a financing plan designed to raise approximately $215 million. The company said at the time that it intended to increase its Bitcoin exposure, while its crypto portfolio still included ETH, XRP and SOL. Its Bitcoin balance then stood at roughly 1,051 BTC.

Remixpoint reinforced the strategy in July 2025 when CEO Yoshihiko Takahashi chose to receive his salary in Bitcoin. The arrangement made Remixpoint the first publicly listed Japanese company to pay its chief executive entirely in BTC, with the company converting an amount equal to Takahashi’s salary into Bitcoin before transferring it to him.

Bitcoin lending has since generated revenue from the company’s holdings. Remixpoint’s September 2 filing showed that lending operations produced 14.92055902 BTC, valued at ¥164.22 million, between February 24 and August 31. Monthly lending income reached 2.48356398 BTC, worth ¥31.15 million, in August alone.

Japanese companies continue building Bitcoin treasuries Remixpoint’s Bitcoin concentration comes as other Japanese listed companies have developed treasury strategies centered on the cryptocurrency.

Metaplanet held 43,000 BTC after adding 2,823 Bitcoin during the second quarter of 2026. The company reported an overall average acquisition price of ¥15.3 million per Bitcoin, while revenue from its Bitcoin Income Generation business fell roughly 41% quarter over quarter to ¥1.747 billion.

Metaplanet has moved beyond accumulation into financial products tied to its treasury. In July, the company completed its ¥2.1 billion acquisition of Siiibo Securities and launched Metaplanet Securities, a regulated business intended to develop Bitcoin-backed bonds and digital credit products.

Remixpoint, meanwhile, said the ¥878.81 million raised from its altcoin disposals would be considered for expanding assets in business areas it has identified for future growth, including grid-scale storage batteries. The company named strengthening its financial base and other measures intended to improve corporate and shareholder value among the potential uses of the proceeds.