A sweeping new regulatory landscape in the European Economic Area (EEA) has left most stablecoin issuers grappling with challenges, with Circle and Société Générale-Forge emerging as clear beneficiaries. According to data from the European Securities and Markets Authority (ESMA), just nine out of approximately 23 electronic money token (EMT) issuers in the region have secured both EMT and crypto-asset services provider (CASP) authorization under the newly enforced Markets in Crypto-Assets (MiCA) regulation.
Custody restrictions hinder service offeringsThe majority of European stablecoin issuers lack permission to hold custody of their own tokens on behalf of clients, significantly narrowing the suite of services they are able to provide. This regulatory bottleneck, driven by the incomplete rollout of full MiCA authorization, has forced 14 issuers into a tight corner, limiting their commercial operations in the B2B space.
Patrick Hansen, Head of EU Strategy and Policy at Circle, noted the surprising lack of action from competitors, stating that many issuers did not respond proactively to the new requirements. He highlighted that, as a result, Circle and Société Générale-Forge, the primary issuers of USDC and EURC, have gained a strategic edge over rivals, especially in capturing institutional capital.
Most stablecoin issuers in the EU cannot provide custody of their own tokens on behalf of clients. This severely limits the range of services they can offer, with only a few players positioned to benefit from this fragmentation.
For retail users of euro stablecoins, these developments have had little effect. Individuals can freely move tokens between their non-custodial wallets. However, corporate clients face significant barriers, as issuers without CASP approval are not allowed to provide custody services or process automated payouts for businesses.
Delays and forced alliances shape the marketLaunching B2B services requires issuers to complete a notification process under Article 60 of MiCA, which often takes several months to a year in key jurisdictions like France and Luxembourg. Rather than waiting for lengthy compliance reviews, many issuers have started to rely on third-party regulated platforms, sparking a wave of strategic partnerships within the sector.
A prime illustration is the EURØP stablecoin from Schuman Financial, which holds EMT status but lacks CASP authorization. To overcome this restriction, Schuman Financial has integrated its stablecoin directly into the XRP Ledger blockchain and utilizes the European MiCA CASP and EMI licenses of Ripple, enabling it to offer legal custody and transfers in 30 European countries.
This environment has accelerated the formation of B2B alliances, as issuers unable to manage their assets independently must seek partnerships with entities holding the necessary regulatory permissions.
Market participants expect the regulatory imbalance to persist in the near term. The slow pace of MiCA compliance, particularly across major European markets, means that Circle and Société Générale-Forge are set to maintain their competitive lead for months to come.
B2B landscape rapidly tokenizes real-world assetsMeanwhile, as issuers adjust strategies in response to the custody lockout, new platforms are transforming how institutional clients manage financial assets. Rather than depending on traditional processes with intermediaries, a shift is underway as Wall Street increasingly adopts Web3 technologies. Investors now use platforms such as 1stepSwap to hold shares of major US companies, as well as gold and silver, directly in their crypto wallets. By tokenizing real-world assets and enabling instant market price optimization, these solutions eliminate the need for middlemen.
Until the compliance processes conclude and the sector returns to regular product competition, Circle and Société Générale-Forge are expected to retain a distinct advantage in attracting institutional inflows within the EEA.
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 watchers spend most of their time picturing the upside if the CLARITY Act passes. Analyst Gareth Soloway flipped the question around, and his downside answer gives traders a specific number to plan against.
Soloway was clear about the conditions that would trigger his bearish target. Soloway’s downside target for XRP if CLARITY fails sits near 70 cents right now, but only under a specific circumstance. “I think if it doesn’t pass, and I think the passing it has to be literally shut down as in like no chance,” he said, meaning a soft delay or stalled negotiations wouldn’t be enough to trigger that move on its own. It would take a genuine, confirmed failure of the bill.
If that happens, Soloway expects XRP to retrace back toward familiar territory. That level lines up with XRP’s high pivot range back in 2024, the analyst notes, pointing to a cluster of prior high points on the chart that sit right around the 70 cent mark.
He said that zone would also catch his attention as a technical trader, calling it a level he’d consider accumulating around if he were positioning for a long-term long trade.
What the Chart Looks Like Right Now
The downside scenario is a contingency, not Soloway’s base case. Right now, he’s actually bullish. XRP briefly fell below a dollar this week before quickly bouncing back above it, a move that triggered a wave of stop-loss selling and liquidations before buyers stepped back in almost immediately.
Soloway called that recovery a potential bottoming tail, a technical pattern that can signal a short-term low is in. He also pointed to a longer-term wedge pattern that recently broke out, along with support building in the 96 to 97 cent range. “Even as nasty as the chart looks, there are green shoots,” he said, describing the setup as bullish enough that he’s currently long XRP.
A Tighter Setup on the Shorter Timeframe
Separately, chart analyst CryptoMoses flagged a more immediate technical pattern forming on shorter timeframes. On the 4H chart, XRP sits inside a falling wedge with $1 holding as key support. If buyers manage to break that structure to the upside, the next levels to watch are $1.05 and $1.10, according to the analysis. “The setup is there,” the analyst wrote. “Now we wait for price to confirm it.”
Why the Ethics Debate Still Matters Most
Behind both scenarios sits the same unresolved question: what happens with the bill’s ethics provisions between now and early September. Negotiations around that issue remain the swing factor determining which of these two paths, the bullish breakout or the drop toward 70 cents, actually plays out.
Story Ends Here
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XRP, the native token of the XRP Ledger, has attracted renewed attention from institutional investors, despite recently marking its lowest daily close amid sharp price declines. New data indicates that funds offering XRP exchange-traded fund (ETF) products have continued accumulating the digital asset, locking significant amounts out of general circulation.
XRP ETF accumulation surpasses 990 millionThe most recent figures from an ETF tracker show that seven XRP ETFs have collectively secured approximately 992.5 million XRP as of Thursday, August 13. This accumulation comes during a period marked by heightened volatility and a persistent downtrend in XRP’s market price.
Asset managers providing these ETF products have seen consistent growth in their holdings, despite a low or stagnating daily trading volume. In total, net inflows into all existing XRP ETFs have reached $1.51 billion, a figure highlighting sustained interest in XRP among institutional participants.
MetricValueTotal XRP locked in ETFs992.5 million XRPTotal net ETF inflows$1.51 billionNumber of XRP ETFs7Momentum slows amid market volatilityRecent trading sessions have shown a noticeable slowdown in momentum for XRP ETFs. During the last session, net inflows were reported at $0, indicating an absence of new capital being added to the products. Despite this stagnation, the overall assets under management remain substantial, pointing to resiliency among current investors.
With XRP’s price revisiting multi-year lows, fund managers appear to be maintaining their existing positions rather than actively expanding them. The persistence of already large holdings highlights a wait-and-see approach as the market searches for signs of renewed activity or reversal in price trends.
Investor demand drives narrative shiftLarge XRP transactions are typically associated with Ripple, a US-based fintech company known for developing payment solutions using blockchain technologies. Such movements often fuel speculation about their implications for XRP’s price and supply dynamics.
However, the recent accumulation of nearly 1 billion XRP through ETF products marks a notable departure from this pattern. Institutional demand, rather than direct action from Ripple, has been the driving force behind the token lock-ups, contributing to what some view as a more optimistic outlook for XRP’s adoption within ETF structures.
This shift has altered discussions in the community, as debates about Ripple’s influence take a backseat to conversations around growing investor interest in regulated XRP investment vehicles.
Mini dictionary: XRP ETF, an exchange-traded fund that tracks the price of XRP, enabling institutional or retail investors to gain exposure to XRP through regulated traditional markets without directly holding the asset.
Growing accumulation of XRP in ETF products has prompted a bullish narrative, as these inflows are being driven by institutional investor demand rather than direct action by Ripple.
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.
ILLUSTRATION - 11 August 2025, Baden-Württemberg, Rottweil: The cryptocurrency XRP can be seen on the display of an iPhone in the crypto trading platform Koingecko. Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)
dpa/picture alliance via Getty Images
"XRP just went below $1," the crypto account @cometwtf wrote on X on August 11. "The first time this has happened since 2024." Ripple's token printed $0.9915 at 14:00 UTC that day on Binance, about 72% below the $3.65 record it set on July 17, 2025.
'$XRP Needs To Stay Above $1'"$XRP needs to stay above $1 otherwise things could get real ugly if it breaks $1 support," the trader @XRPcryptowolf posted on August 7, four days early.
"$XRP drops below $1 for the first time since Nov 2024 and it's not looking good," wrote another holder, @Finnajith, on August 12. The last daily close under a dollar was $0.8922, on November 15, 2024.
"$XRP just fell below $1 for the first time since November 2024," the trader @Yuriy_Biko posted nine minutes before that. XRP changed hands at $1.006 on August 13.
At the August 11 low it was worth less than RLUSD, Ripple’s own dollar stablecoin. I had flagged $1 as the level to watch in April.
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'Not Currently Fully Backed'"The bridge between the TX Chain and XRP Ledger (XRPL) was exploited due to a bug in the XRPL relayer logic combined with the XRPL DefaultRipple feature," said TX, the company behind the Coreum chain, in a statement. The attacker never sent any XRP.
He moved a token between two wallets he controlled and attached a deposit memo. Twenty-eight relayers running identical code read it as money arriving.
"Other bridged assets remain fully backed, while bridged XRP currently lacks complete reserve backing," TX said. Ninety-four payments went out over 97 minutes on August 9, and the bridge wallet fell from 200,410 XRP to 493.5.
"The bridge has been halted, the vulnerability has been identified, and all potential remedies are being evaluated," the company said. It had passed internal and third-party audits before deployment, and has filed a complaint with the FBI.
Thinner books "could allow comparatively small sell orders to move the market," the XRP developer Vincent Van Code told CryptoSlate. The theft was worth about $200,000. XRP is a $63 billion asset.
'Everything Comes Down To $1.06'"Everything comes down to $1.06 for [$XRP]," the analyst Ali Martinez wrote on X on August 3. The level broke three days later.
"Hold it, and bulls can target $1.35 and $1.64," Martinez wrote. "Lose it, and the path opens toward $0.80 and potentially $0.62."
"This is not simply a correction after a strong run," Daniel Francis wrote in an August 6 analysis for Coinspeaker, after the seven US spot XRP funds took $27.29 million in July against the $666 million they gathered in their first month. "It is a structural question about whether the 2026 XRP bull thesis, built on ETF inflows, regulatory clarity, and institutional adoption, can survive contact with the data now available."
"The analytical question is no longer whether sellers are exhausted," Francis wrote. "It is whether buyers return before the $1 floor gives way on thin volume." Inflows in the week to August 8 came to $1.01 million, down 93%.
'Absorb A Growing Share'"Bridge currencies like XRP weren't actually designed to provide returns for investors," Anthony Di Pizio wrote in an August 13 analysis for The Motley Fool. "There is a good chance that stablecoins will absorb a growing share of transaction volume over time because of their more favorable qualities."
XRP lost 95% in the two years after its 2018 peak. "If the recent decline matches the magnitude of the post-2018 plunge, then XRP could eventually fall to around $0.18 per token," Di Pizio wrote.
'The Ultimate Buying Opportunity'"Larger $XRP holders are accumulating through weakness, not panic selling. That's a classic accumulation signal," @XRPcryptowolf posted on August 12. "The $XRP community won't ever give up. They're here for $5.89 and so much more."
Standard Chartered still carries $28 for 2030, six months after Geoff Kendrick cut the bank's 2026 target from $8 to $2.80. "XRP consolidates above $1 as the US Senate stalls the Clarity Act for September leaving the market to wonder if the $1 $XRP zone is the ultimate buying opportunity," @XRPcryptowolf wrote on August 8, with Polymarket putting the bill's 2026 odds at 20%.
"Remember what I told you about XRP when the bottom comes in! Don't forget," the strategist @adaora_crypto posted on August 12. XRP's low the next day was $1.0019.
Evernorth revised its private placement terms to link share issuance to XRP’s market value at closing.
Investors representing more than 95% of committed capital agreed to the new terms, including all advance funders.
The adjustment replaces the earlier $2.36 XRP reference price used when the original merger agreement was signed.
Evernorth said the revised structure could reduce the number of shares issued, increasing XRP exposure represented by each share.
The company’s XRP treasury strategy remains unchanged, while the Armada II merger is expected to close in late Q3 or early Q4 2026.
Evernorth has amended the share terms tied to its planned merger with Armada Acquisition Corp. II. The company said the change will link share issuance at closing to XRP’s market value, rather than the $2.36 XRP price used when the original agreement was signed.
Evernorth Links Share Count to XRP Price
Under the revised structure, Evernorth will calculate shares issued to private placement investors using XRP’s volume-weighted average price at closing. Investors originally subscribed at $10 per share through advance or delayed funding arrangements.
The company said the adjustment should make its capital structure reflect the value of its XRP treasury more closely when the merger closes. The mechanism can increase or reduce the number of shares depending on XRP’s market price at that time.
Investors Back Revised Transaction Terms
Evernorth said investors representing more than 95% of committed capital have accepted the new terms. All advance funders also agreed to the amendment, including investors connected to Ripple, SBI Group, Pantera Capital, Kraken, GSR and Arrington Capital.
Armada II’s sponsor will also adjust its founder shares using the same proportional approach applied to advance funding investors. Evernorth said this structure spreads the changes across key stakeholders instead of placing the adjustment on one investor group.
XRP Treasury Strategy Remains Unchanged
The company said the revised agreement does not change its XRP holdings or treasury strategy. Evernorth plans to grow XRP per share through capital allocation, treasury operations and participation across the XRP ecosystem after the proposed listing.
Evernorth expects the structure to reduce the number of shares issued at closing if XRP’s value supports that outcome. Fewer shares would divide the company’s net asset value across a smaller share count, giving each share a larger claim on the XRP treasury.
The proposed business combination with Armada Acquisition Corp. II remains subject to SEC review and standard closing conditions. Evernorth expects the deal to close in late third quarter or early fourth quarter 2026.
The company filed the revised terms in an amended Form S-4 with the SEC. Evernorth said the changes aim to align the planned public market capitalization with the value of its XRP assets at closing.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP weakness and uncertainty around the Digital Asset Market Clarity Act are prompting investors to explore cloud mining and yield platforms such as UE Crypto.
Summary
XRP’s recent underperformance is pushing some holders to explore UE Crypto’s cloud mining and yield mechanisms. Regulatory uncertainty surrounding the Digital Asset Market Clarity Act has renewed interest in UE Crypto among XRP investors. With XRP facing heightened volatility, UE Crypto is attracting attention as holders seek additional ways to generate digital asset returns. Due to market uncertainty and delays surrounding the Digital Asset Market Clarity Act, XRP continues to underperform, while UE Crypto’s cloud mining platform and its stable yield mechanism have attracted increasing attention.
XRP has underperformed the broader cryptocurrency market, while investor interest in UE Crypto’s cloud mining and yield mechanisms has renewed.
Faced with XRP price volatility and the market uncertainty surrounding the Digital Asset Market Clarity Act, an increasing number of XRP investors are turning their attention to UE Crypto in an effort to hedge against market risks.
UE Crypto positions its cloud mining platform as a new option for XRP holders, aiming to provide them with additional digital asset returns rather than relying solely on price appreciation.
The cryptocurrency market has remained relatively calm with a slight downward trend, while XRP has fallen to a recent low.
Over the past few weeks, overall market volatility has remained relatively stable, while XRP, the cryptocurrency associated with the founders of payment company Ripple, has continued to underperform. When other cryptocurrencies rise, XRP often gains less; when other cryptocurrencies fall, XRP often declines more sharply.
The reason may be the current lack of market transparency — or, more specifically, the delay of the long-awaited Digital Asset Market Clarity Act.
As investors explore cloud mining and yield mechanisms, XRP’s weakness has driven increased interest in UE Crypto.
Amid continued market volatility, XRP holders seeking cloud mining and yield strategies continue to show interest in UE Crypto.
XRP fell 1.24% on the day, while UE Crypto is promoting the development of long-term cryptocurrency yield solutions.
As of August 13, 2026, the current price of XRP (XRP) is $1.01. Over the past 24 hours, the price has fallen by 0.4%, while the price movement over the past hour was 0%. Among the top ten cryptocurrencies by market capitalization, XRP has recorded the largest seven-day decline, falling by -4%, while the overall market has remained largely flat. The token’s price action appears to indicate that the Clarity trade is gradually being unwound.
Affected by market sentiment, XRP fell to a recent low, causing its market capitalization to shrink and temporarily losing its position as the world’s fourth-largest digital asset. The increase in short-term volatility has prompted some investors to reassess their future XRP investment strategies.
Meanwhile, an increasing number of XRP holders are considering other options: while maintaining a long-term bullish outlook on XRP, is there a way to mitigate the impact of short-term price volatility while generating continuous additional returns from their XRP holdings?
To hedge against market risks, the UE Crypto cloud mining platform has attracted increasing attention from investors who hope to hedge against market volatility and improve returns through cloud mining and yield aggregation mechanisms.
As XRP volatility increases, UE Crypto has become a new option for investors.
Given the recent increase in XRP price volatility, more and more XRP holders are turning their attention to UE Crypto. Unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, UE Crypto’s cloud mining platform provides a more convenient way to participate in digital assets. Users do not need to deploy mining machines or maintain hardware; they only need to select a mining power contract to participate in mining services. This allows them to focus on the long-term prospects of XRP while maximizing the benefits of their digital assets.
About UE Crypto UE Crypto is headquartered in the United Kingdom and operates within European regulatory frameworks such as MiCA and MiFID II, continuously improving its transparency, operational standards, and user protection mechanisms.
The platform adopts a multi-layer security architecture, including:
Annual financial and security compliance audits conducted by PwC. Digital asset custody insurance provided by Lloyd’s of London. Enterprise-grade network protection from Cloudflare and McAfee® security systems. Bank-grade data encryption and professional security infrastructure to provide multiple layers of protection for users’ assets and accounts. UE Crypto supports a range of mainstream digital assets, including XRP, BTC, ETH, USDT, USDC, DOGE, LTC, and SOL, providing users with a more flexible and convenient digital asset service experience.
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What happens after XRP breaks below $1? The question right now is whether a break below $1 will develop into a sustained collapse, or whether XRP will experience another liquidity crisis followed by a rebound.
If XRP quickly recovers $1.05 and subsequently breaks through the $1.09–$1.10 area, it would improve the short-term structure and indicate that buyers have absorbed the selling pressure below $1. These levels had previously acted as important resistance levels following several XRP declines.
Bearish scenario If XRP falls below the low of $1.0128 and further breaks below the psychological $1 level, it could trigger a gradual decline toward $0.90 or even lower. The death cross and negative squeeze momentum both point in the same direction. At present, the probability of an upward move appears low.
The bullish case still exists, but it is not sufficient. XRP is viewed as a predictive indicator for the Clarity Act, while market pricing indicates that the probability of the bill being passed has fallen to 21%. For long-term XRP holders, market attention is shifting from simply relying on price appreciation toward more diversified cloud mining digital asset platforms.
For example, unlike highly volatile leveraged trading or strategies that rely solely on price appreciation, UE Crypto’s cloud mining platform provides users with a lower-risk, long-term alternative for participating in the digital asset ecosystem. It helps investors move away from short-term market noise, focus on the long-term value of their assets, and establish a more resilient and sustainable passive income management strategy.
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EvernorthXRP, a Ripple-backed XRP treasury firm, has amended the terms of its SPAC merger with Armada Acquisition Corp. II. The change links the issuance of shares to the closing price of XRP rather than a fixed $2.36 reference. This adjustment in the merger terms suggests a move to align more closely with the token’s market value. The merger aims to list EvernorthXRP on Nasdaq under the ticker XRPN. The firm has indicated plans to acquire at least 473 million XRP at the merger’s inception, with previous purchases reported at an average price of $2.54 per XRP.
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Key Takeaways EvernorthXRP’s decision appears to align share issuance more closely with XRP’s market value, suggesting potential implications for XRP’s pricing dynamics. The market’s reaction to this amendment is currently muted, with XRP-related prediction markets indicating low probability of reaching higher price levels in August. The amendment suggests a possible anticipation of price fluctuations, which may influence market participants’ expectations and behaviors. What to Watch The amended merger terms could impact XRP’s market sentiment and pricing dynamics. Key developments to monitor include any regulatory updates from the SEC that could affect XRP, as well as broader crypto market movements. Watch for any major announcements from Ripple or EvernorthXRP that could serve as catalysts for XRP’s price movement. Additionally, sustained interest in XRP from institutional investors or changes in broader market conditions could further influence the outlook.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 2% — — View market → September 1 2026 0.7% — — View market → September 1 2026 5.9% — — View market → September 1 2026 6.5% — — View market → September 1 2026 1.7% — — View market →
@Evernorthxrp has amended the terms of its planned Nasdaq listing to ensure its capitalization more accurately reflects the current market value of its $XRP treasury, a move backed by the overwhelming majority of its investors.
What Changed and Why
The amendment replaces a fixed $2.36 price anchor used at the time of signing with a volume-weighted average price (VWAP) close at the time of the deal's completion.
A Q3/Q4 2026 Debut on Track
The amendment is not expected to alter Evernorth's core strategy. The company is targeting a Nasdaq listing under the ticker $XRPN through a merger with Armada Acquisition Corp II, with a launch anticipated in Q3/Q4 2026.
By reducing the total share count through the pricing adjustment, the company expects each common share to carry a higher implied $XRP interest at the time of listing.
Sources:
Evernorth official press release via PR Newswire
Crypto.news: Ripple-backed Evernorth files SEC amendment for $1B XRP treasury
The Crypto Basic: Evernorth Advances Nasdaq Listing Plan
XRP has fallen below the $1 mark for the first time in nearly two years, placing pressure on a critical technical level that traders have monitored closely. Edo Farina, a well-known cryptocurrency analyst and director of Alpha Lions Academy, highlighted that the breach of $1.05 represents a significant technical development for the digital asset.
XRP loses key support at $1.05Farina, speaking in a recent video recorded from Cyprus, described $1 as a psychological threshold, but emphasized that $1.05 had played a more crucial role as a structural support in XRP’s price chart. With this level now lost, Farina suggested that XRP may face a continued decline toward the next area of interest between $0.70 and $0.72.
Despite this bearish signal, Farina said he has placed “massive buy orders” below $1, although he did not disclose the size or specifics of those orders. He argued that, for long-term holders, small differences in entry prices—whether at $0.70, $1, or higher—might have little impact over a two-year investment horizon.
Farina explained that while $1 is significant to many investors, the $1.05 mark had actually been holding the structure together. With that area now broken, he highlighted the risk of a move down to $0.70–$0.72 but reassured long-term holders about the potential for substantial recovery over the next 24 months.
Farina encouraged investors not to focus on short-term volatility or panic at the latest drop. Instead, he recommended a dollar-cost averaging strategy, especially for those who bought XRP at much higher prices, such as $2 or $3, and remain concerned by recent swings.
Additionally, Farina advised retail traders to avoid using leverage in current market conditions. He warned that leveraged traders could become “exit liquidity” during periods of high volatility when price-sensitive news causes the majority of positions to align in one direction.
LevelStatus$1.05Lost (previous key support)$1.00Broke below (psychological level)$0.70–$0.72Next major support zoneClarity Act’s impact on XRP adoption questionedFarina addressed ongoing speculation that the proposed Clarity Act in the United States would spark a major price rally for XRP. He argued that while the legislation could be beneficial, it is unlikely to be a decisive factor for the digital asset’s broader institutional adoption.
According to Farina, market makers could use the news of the Clarity Act’s passage as an opportunity to sell into an initial surge, rather than supporting a sustained rally. He maintained that the fundamental strengths of XRP do not rely on the legislation’s outcome, citing the XRP Ledger’s permissionless design.
The analyst also noted that Ripple’s XRP holdings do not grant the company direct control over the network, as changes require approval from at least 80% of validators.
In the video, Farina stated that Russia’s central bank had tested the XRP Ledger and mentioned Ukraine’s CBDC development efforts on the Stellar network as examples of global experimentation with cross-border liquidity assets such as XRP and XLM.
Mini dictionary: Alpha Lions Academy – A cryptocurrency education and trading community led by market commentators and analysts, offering market insights and trading strategies across various digital assets.
Farina asserted that “XRP does not need the Clarity Act fundamentally,” pointing to the network’s decentralized validator structure and the lack of control by Ripple as key factors supporting its resilience and importance in the global payment landscape.
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 XRP market just absorbed one of its largest single supply events of the year. The entity behind it is not who most people assumed.
When nearly a billion XRP disappears from circulation, the first name most people reach for is Ripple.
The company's monthly escrow unlocks have defined XRP's supply narrative for nearly a decade, and any large movement in the token's supply is reflexively attributed to Ripple's operations.
According to data from SoSoValue's ETF tracker, seven XRP spot ETFs have collectively locked 992.5 million XRP as of August 13, 2026.
These tokens are now held off the open market by institutional fund products offering investors regulated exposure to XRP without requiring direct token ownership.
Cumulative net inflows across all seven funds now stand at $1.51 billion.
Why this is different from a Ripple lockRipple's monthly escrow mechanism, which has been running since December 2017, releases one billion XRP per month in scheduled tranches, with the company typically re-locking around 700 million of those tokens back into new escrow contracts.
The remaining 300 million goes toward operational use, liquidity services, and ecosystem development. That process is driven by Ripple's internal treasury management.
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The 992.5 million now locked in ETF products is driven entirely by investor demand, capital that came in from institutions and retail investors who accessed XRP through regulated fund structures rather than buying it on exchanges directly.
The distinction matters. When Ripple locks tokens, it is supply management by a single centralised entity.
Trending on TheStreet Roundtable:Cathie Wood trims Ethereum exposure on 11th anniversaryU.S. Treasury attacks Iran's Hormuz 'extortion' networkJPMorgan issues blunt warning on crypto's futureWhen ETFs lock tokens, it is organic demand absorption, investors choosing to hold XRP exposure through a fund rather than leaving tokens in free circulation.
What the numbers say about XRP's appetiteXRP's circulating supply currently stands at approximately 62.5 billion tokens, with approximately 35 billion remaining in Ripple's escrow.
The 992.5 million held by ETFs represents roughly 1.6 percent of circulating supply, a meaningful reduction in liquid supply at a time when XRP is trading near $1.08, recovering from the psychologically critical $1 level it tested earlier this month.
The market recorded zero net inflows in the most recent ETF trading session, meaning no fresh capital arrived, but the existing locked position held firm. Institutions are not adding. But they are not leaving either.
For a token that has spent most of 2026 fighting negative price momentum, nearly a billion XRP sitting in institutional hands rather than on exchange order books is the quietest bullish signal in the market today.
XRP has declined by 42% since the start of the year, despite a series of regulatory and institutional developments that were expected to bolster the cryptocurrency’s value.
Institutional access rises as legal challenges fadeFire Hustle, a crypto-focused analysis platform, highlighted that recent moves by the US Securities and Exchange Commission (SEC) to drop its appeals have removed immediate legal uncertainties surrounding XRP.
Analyst Summer from Fire Hustle also pointed out the launch of seven funds centered on XRP operating in the United States, which have reportedly attracted $1.5 billion in inflows.
These developments have improved institutional access to XRP. With both regulatory concerns and access now less prominent, market observers are turning their attention to Ripple’s evolving product strategy for XRP.
XRP’s decline in 2024 has occurred even as seven US-based funds reportedly attracted $1.5 billion in investment and SEC legal appeals were dropped. However, questions are emerging over whether Ripple’s upcoming stablecoin could further limit XRP’s primary utility by offering a less volatile means for cross-border transactions.
Stablecoin launch may impact XRP’s utilityRipple, the US-based blockchain company behind XRP, is preparing to launch RLUSD, a stablecoin pegged to the US dollar. Market commentators raised concerns that RLUSD could reduce bank demand for XRP in cross-border settlement.
Historically, XRP has served as a bridge asset, enabling banks to transact value between different fiat currencies by purchasing XRP in one currency, transferring it, and then selling it in another currency market. This system relies on banks accepting XRP’s price volatility as part of the transaction process.
RLUSD’s stable value may appeal to institutions wishing to avoid the risks of price fluctuations. Instead of using XRP for settlements, banks could opt for RLUSD, bypassing direct exposure to crypto market volatility and minimizing risk during large transactions.
Mini dictionary: RLUSD, Ripple’s planned stablecoin, is a digital asset pegged to the US dollar and designed to offer low volatility for institutional cross-border payments. Stablecoins aim to maintain a consistent value, easing concerns over price swings during settlements and providing an alternative to traditional fiat or volatile cryptocurrencies.
Should RLUSD be widely adopted, the main mandatory use case for XRP could shrink to serving as a source of transaction fees, which remain quite minimal at approximately a thousandth of a cent per transaction.
Network activity rises but token demand questionedOn-chain activity on the XRP Ledger has surged recently, with daily transactions reportedly tripling to about 3 million. This uptick suggests growing network usage amid ongoing product development.
However, Fire Hustle emphasized the distinction between increased network transactions and direct demand for the XRP token. With the possible integration of stablecoins like RLUSD, much of the rising value transfer could occur without the need for XRP purchases beyond the small amount needed for fees.
Market participants remain attentive to whether banks and payment providers will favor traditional bridge assets like XRP or regulated dollar-backed tokens for cross-border transfers, as this could have a decisive impact on long-term token demand and prices.
DevelopmentXRPRLUSDPrice volatilityHighLow (stable at $1)Cross-border payment usePrimary (historical)Potential alternativeMandatory use caseBridge asset, transaction feesSettlementsDisclaimer: 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.
In brief Derive now accepts Flare’s FXRP as collateral for XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in USDC, exposing traders to margin and liquidation risks. XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday.
According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets.
Myriad: XRP price next move? Click to make your prediction.Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the token’s price.
“Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” founder and CEO of Derive, Nick Forster, said in a statement. “FXRP gives one of crypto’s largest holder bases a credible path onchain, and adding Derive’s options markets means that capital can now be hedged, used to earn premium and traded with the same sophistication available around other major assets.”
Derive’s XRP options settle in USDC rather than XRP. If an option expires at a profit, Derive pays the difference in the dollar-pegged stablecoin while the FXRP remains posted as collateral. Options sellers must hold enough USDC to cover settlement and maintain the required margin or risk liquidation.
The integration broadens FXRP’s use in decentralized finance. Earlier this month, FXRP was approved as collateral in DeFi risk management firm Sentora’s RLUSD Main vault on the Ethereum-based lending protocol Morpho. That service allows XRP holders to bridge FXRP to Ethereum and borrow Ripple’s RLUSD stablecoin without selling their XRP.
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In brief Derive now accepts Flare’s FXRP as collateral for XRP options and perpetual futures. Users can trade through their own wallets without relying on a centralized exchange. Options settle in USDC, exposing traders to margin and liquidation risks. XRP holders can now use Flare’s FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday.
According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets.
Myriad: XRP price next move? Click to make your prediction.Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the token’s price.
“Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” founder and CEO of Derive, Nick Forster, said in a statement. “FXRP gives one of crypto’s largest holder bases a credible path onchain, and adding Derive’s options markets means that capital can now be hedged, used to earn premium and traded with the same sophistication available around other major assets.”
Derive’s XRP options settle in USDC rather than XRP. If an option expires at a profit, Derive pays the difference in the dollar-pegged stablecoin while the FXRP remains posted as collateral. Options sellers must hold enough USDC to cover settlement and maintain the required margin or risk liquidation.
The integration broadens FXRP’s use in decentralized finance. Earlier this month, FXRP was approved as collateral in DeFi risk management firm Sentora’s RLUSD Main vault on the Ethereum-based lending protocol Morpho. That service allows XRP holders to bridge FXRP to Ethereum and borrow Ripple’s RLUSD stablecoin without selling their XRP.
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XRP holders just got a new DeFi trick: using their tokens as collateral for options trading, all without ever sending them to a centralized exchange. Flare Network’s FXRP, a trustless wrapped version of XRP, is now accepted as collateral on Derive, the decentralized derivatives platform formerly known as Lyra.
The setup works through Flare’s FAssets protocol, which mints FXRP as a 1:1 over-collateralized representation of XRP. The underlying XRP stays parked on the XRP Ledger while the synthetic version moves freely across EVM-compatible chains.
How the plumbing works Flare’s FAssets system creates FXRP by locking XRP on the XRPL and minting an equivalent token on Flare’s network. The “over-collateralized” part means there’s more value backing each FXRP than the token itself is worth, providing a buffer against price swings.
Once minted, FXRP can be used across decentralized protocols just like any other ERC-20 token. On Derive, that means posting it as margin for options contracts and perpetual positions. The platform offers what it describes as institutional-grade trading features, including structured products that go beyond simple spot swaps.
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Blockscout data confirms FXRP activity on-chain, verifying that the integration is live and not just a roadmap promise.
The FAssets protocol launched FXRP on mainnet in September 2025, and a v1.3 update released in May 2026 simplified the minting process. The earlier version required more manual steps and higher friction, which limited adoption. The upgrade streamlined things enough that casual users, not just DeFi power users, could reasonably participate.
Beyond options: FXRP’s expanding footprint Derive isn’t the only venue where FXRP has gained traction. The token has been integrated into Morpho and Mystic, two lending and borrowing platforms, since early 2026. Starting in February 2026, lending markets began accepting FXRP as collateral for yield-generating strategies.
That means an XRP holder can mint FXRP, deposit it into a lending pool, earn yield, and simultaneously maintain exposure to XRP’s price movements. Layer on top of that the ability to write or buy options on Derive, and you’ve got a surprisingly complete financial toolkit built entirely around self-custody.
What this means for XRP and DeFi The Derive integration represents a broader pattern in crypto: assets from non-EVM chains finding ways to participate in Ethereum-adjacent DeFi through wrapped or synthetic representations. Bitcoin has wBTC and cbBTC. Dogecoin has wrapped versions on several chains. Now XRP has FXRP, with the added benefit of over-collateralization baked into the design.
The hedging use case is particularly relevant given XRP’s price history. Holders who weathered volatility without any ability to hedge, besides selling, now have a way to buy protective puts or generate income by writing covered calls.
The risk side of the equation deserves attention too. Over-collateralization protects against some failure modes, but it doesn’t eliminate smart contract risk, oracle failures, or liquidity crunches during extreme market stress. Wrapped assets add a layer of complexity, and each layer introduces potential points of failure. Users posting FXRP as options collateral are stacking multiple protocol risks on top of each other.
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The price of XRP is getting close to a level not seen since November 2024, but activity on the XRP Ledger is going in the exact opposite direction. There is a clear discrepancy between price performance and blockchain usage, even though the token trades just above $1. Recent network data reveals high payment volumes and a sizable number of active users.
Creating short-term resistanceAfter continuing the downward trend that has dominated the majority of 2025, XRP is currently trading around $1.01. With short-term resistance at $1.06-$1.08, the 100-day moving average at $1.17, and the 200-day average at $1.36, the asset has dropped below its main moving averages.
XRP/USDT Chart by TradingViewTechnically speaking, a break below $1 would be significant. Since late 2024, XRP has not traded at these levels, and the RSI at roughly 37 indicates that momentum is still strongly skewed in favor of sellers.
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However, network activity presents a more complex picture. This week, the XRP Ledger saw a significant increase in the number of payments, momentarily hitting 935,000 in a single day. That is significantly higher than the approximately 400,000–600,000 daily range that was evident for the majority of the preceding month.
Additionally, payment volume has remained active, albeit with much greater volatility. Over the past month, the metric saw a number of significant spikes, including a move above 1 billion XRP on August 1 and a significant expansion on August 7. Another crucial signal is provided by active users.
XRP's market positioningBefore the most recent drop at the chart's edge, the metric frequently approached or surpassed the 200,000 mark and spent the majority of the previous month above 100,000. In other words, there has not been a corresponding decline in ledger participation in response to XRP's falling market price.
A recovery is not guaranteed by that divergence. Exchange movements, automated activity, and transfers that do not directly put XRP under buying pressure are examples of network transactions.
Thus, a bearish market structure cannot be independently reversed by strong usage. The distinction is important, though. Although the price of XRP is getting close to its lowest point in about 21 months, the underlying network is not behaving like an abandoned ecosystem.
Conversion is the missing element for bulls; increased XRP Ledger activity must translate into real market demand. Until then, the price chart continues to indicate that sellers are still in complete control, while robust network statistics offer fundamental support.
Ripple (XRP) is down by 1.25% today, August 13, to trade at $1,01 at the time of writing. On-chain data now suggests that XRP is facing intense selling pressure near the psychological support at $1 as inflows to Ripple ETFs remain muted.
Futures data also shows that XRP’s open interest is rising despite the ongoing price decline, amid a surge in short positions on the token.
XRP Price Faces Intense Selling Pressure on Binance Data from CryptoQuant shows that the XRP Taker Buy/Sell reading on Binance has dropped to 0.86, suggesting that there is a lot of selling pressure taking place on the derivatives market.
XRP Taker Buy/Sell Ratio (Source: CryptoQuant) CryptoQuant analyst Arab Chain notes that when this reading drops below 1, it could increase the downward pressure on the price of XRP, especially if it coincides with a rise in trading volumes.
“A reading below 1 indicates that the volume of sell orders executed by traders exceeds the volume of buy orders, reflecting clear selling pressure from traders executing trades directly,” the analyst said.
The surge in selling pressure comes when the price of XRP has dropped to its lowest price since November 2024, of $0.99.
More sell-side activity could also occur on Binance after a recent report by CoinGape revealed that Ripple has moved 50 million XRP coins to the exchange.
XRP Price Prediction as Whale Buying Fails to Offset Downtrend A recent CoinGape XRP price analysis noted that the number of whale wallets holding more than 1 million XRP coins has increased to 32, but this whale buying is not easing the downward trend.
The RSI reading on the one-day chart stands at 37, suggesting that the XRP price outlook is bearish. The RSI has also been making lower lows, with this also showing that bears are tightening their grip.
The ADX line that is tipping north also suggests that the downtrend is becoming strong, and this could push XRP below the psychological support at $1.
The price of XRP has also moved below the support at a descending triangle pattern of $1.01, with this move also suggesting that another drop could occur.
XRP/USDT: 1-day Chart (Source: TradingView) If XRP closes below this support at $1.01 for three straight days, the price could register a 22% decline and reach $0.78.
XRP price needs to close above the resistance at the upper trendline of this triangle pattern to invalidate the bearish thesis.
XRP ETF Activity Remains Muted as Short Positions Increase Data from SoSoValue shows that XRP ETFs have not seen any inflows for four straight days since August 7 as demand for XRP by institutions weakens.
XRP ETF Flows (Source: SoSoValue) The lack of ETF demand also comes when the long/short reading for XRP has dropped to 0.91 on Coinglass, suggesting that there are more short positions than long positions on XRP.
XRP’s open interest has also increased from $2.28 billion on August 5 to $2.67 billion at the time of writing, with the rise likely coming from short sellers betting that the XRP price will drop further.
Ripple has cast its vote in favor of the fixCleanup3_3_0 amendment on the $XRP Ledger, giving the XRPL 3.3.0 upgrade its first significant endorsement from one of the network's primary contributors.
What the fixCleanup3_3_0 Amendment Covers The fixCleanup3_3_0 proposal is a bundled maintenance package that addresses targeted fixes across several protocol areas, including Single Asset Vaults, the Lending Protocol, Automated Market Makers (AMMs), Checks, and pseudo-accounts. It is one of six amendments introduced alongside the 3.3.0 release, which also includes Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor.
Beyond the amendments themselves, the 3.3.0 release brings meaningful performance improvements. Developers have flagged a reduction in memory usage of between 10% and 15%, better online delete and node sync performance, and roughly 60 bug fixes identified through an internal AI red team process.
What Has to Happen Before Mainnet Activation Ripple's vote carries weight as an early signal, but it does not determine the outcome alone. Eight of the 35 Unique Node List (UNL) validators currently support the fixCleanup3_3_0 amendment. Mainnet activation requires the proposal to hold more than 80% validator support, equivalent to at least 28 of 35 UNL validators, for two consecutive weeks before the changes take effect permanently on the network.
That governance structure is standard for the XRP Ledger. Once an amendment clears the 80% threshold for the required two-week period, the change applies permanently to all subsequent ledger versions. Validators make independent decisions, and the proposal can fail or be delayed if support drops below the threshold at any point during that window.
Node operators face a practical deadline tied to the process. Any server that has not upgraded to xrpld 3.3.0 before the amendments activate risks becoming amendment-blocked, a status that cuts the node off from consensus and prevents it from reading or submitting new transactions.
The broader 3.3.0 upgrade is positioned as a step toward institutional readiness for the XRP Ledger, with features spanning privacy for tokenized assets, atomic transaction batching, delegated account permissions, and sponsored network fees.
Sources:
crypto.news: XRP Ledger upgrade gains Ripple vote for bundled fixes
XRPL.org: Amendments documentation
CoinGape: Ripple votes in favor of fixCleanup proposal
Two of Canada's major banks have disclosed positions in $XRP-linked exchange-traded funds through regulatory filings with the U.S. Securities and Exchange Commission, adding to a growing body of evidence that traditional financial institutions are cautiously but deliberately building crypto exposure.
BMO Discloses XRP ETF Stakes in $303 Billion Portfolio Bank of Montreal (BMO), Canada's second-largest bank, has become the latest major Canadian lender to report XRP-linked positions. The disclosure places XRP-linked investment products inside a portfolio valued at more than $303 billion as of the end of June 2026, with reported exposure including 323 shares of the REX-Osprey XRP ETF (XRPR) and 20 shares of the ProShares Ultra XRP ETF.
Rather than holding XRP directly, BMO accessed the asset through regulated exchange-traded products, reflecting how traditional financial institutions can gain crypto exposure without directly managing tokens or private keys. It used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the token into a giant portfolio within a familiar legal framework and without direct custody risks.
National Bank of Canada Also on Record The BMO filing follows a similar disclosure from National Bank of Canada. The disclosure, made public in a Form 13F filing covering holdings as of June 30, 2026, gives a rare glimpse into how a major Canadian financial institution is approaching digital assets, not through direct token ownership, but through regulated investment wrappers listed on U.S. exchanges.
The bank reported 3,848 shares of Bitwise's XRP ETF, valued at roughly $330,000, along with approximately $6.4 million in ProShares and Fidelity Bitcoin ETF exposure. The XRP position is modest in size, but its presence in a formal SEC filing carries symbolic weight for the asset class.
A 13F captures long positions in reportable U.S.-listed securities at one quarter-end date, so it does not show whether the shares back the bank's own book or hedge a client product, and it does not capture anything sold before the snapshot or bought after it. The positions may have changed since the June 30 reference date. Still, the filings are notable because they show regulated financial institutions continuing to use crypto wrappers for portfolio exposure.
For Canada's banking sector, this is becoming a recognisable pattern. Conservative capital has effectively adopted a single playbook: entering the cryptocurrency market selectively and through transparent, regulated funds rather than direct token custody.
Sources:
Crypto Economy: Bank of Montreal Reveals XRP Fund Exposure in New $303B Portfolio Disclosure
TheStreet: National Bank of Canada Reveals XRP Holdings
Bitcoinist: National Bank of Canada Discloses XRP and Bitcoin ETF Holdings
Key Highlights XRP maintains price near $1.02 with 1.46% daily gain and market capitalization of $63.80 billion Coreum Bridge exploit resulted in 200,000 XRP token drain — XRP Ledger security remained intact Consumer Price Index registered 3.4% annual increase, reducing September Fed rate hike probability to 38% Critical resistance zones identified at $1.05–$1.08, requiring $1.40 breakthrough for bullish reversal confirmation Downside risk emerges if $1 support fails, potentially exposing $0.90–$0.86 with $0.50 representing deeper support XRP has stabilized slightly above the critical $1 threshold following a temporary retreat to $0.996, with current trading levels hovering around $1.02. The digital asset has registered approximately 1.46% growth over the last 24-hour period, accompanied by trading volume approaching $1.90 billion and maintaining a market capitalization near $63.80 billion.
XRP Price This price stabilization follows a challenging period for the cryptocurrency. Earlier this week, security vulnerabilities in the Coreum Bridge — a cross-chain protocol facilitating interoperability — were exploited by malicious actors who successfully extracted 200,000 XRP tokens. The breach specifically targeted weaknesses within Coreum’s verification infrastructure.
Members of the XRP ecosystem were swift to emphasize that the core XRP Ledger remained secure and uncompromised. The security flaw was isolated to Coreum’s proprietary codebase. Nevertheless, such cross-chain protocol exploits typically erode broader market confidence in decentralized infrastructure security.
Inflation Report Alters Federal Reserve Rate Trajectory On the macroeconomic front, the US Bureau of Labor Statistics disclosed that the Consumer Price Index advanced 3.4% on an annual basis. This figure represents a 10 basis point decline from June’s reading and aligned precisely with market expectations.
BREAKING: July CPI inflation falls to 3.4%, in-line with expectations of 3.4%
Core CPI inflation falls to 2.5%, also in-line with expectations of 2.5%.
Month-over-month CPI inflation rose +0.1%, up from -0.4% in June.
US stock market futures are rising on the news.
— The Kobeissi Letter (@KobeissiLetter) August 12, 2026
In response to this data release, the probability of a Federal Reserve interest rate increase in September declined to 38%, representing a significant drop from the 54% probability recorded just seven days prior, based on CME Group’s FedWatch monitoring tool. At the most recent Federal Reserve meeting, three governors voted against the majority decision, advocating for tighter monetary policy given inflation levels remain substantially above the central bank’s 2% objective.
Market analyst Crypto Patel raised concerns via X platform, highlighting that XRP futures open interest currently stands at 435.1 million XRP compared to the 30-day average of 403.6 million — representing a Z-Score of +1.20σ. Patel cautioned that the combination of price vulnerability and elevated open interest indicates substantial leverage accumulation, creating conditions where additional price decline could spark a liquidation chain reaction.
$XRP OI Is Flashing A Warning#XRP Futures OI: 435.1M XRP vs 30D Avg: 403.6M → Z-Score: +1.20σ.
Price Weakness + Elevated OI = Leverage Is Still Stacked.
If XRP Dumps Further, This Setup Could Turn Into A Liquidation Cascade. pic.twitter.com/bDpzWw1HpR
— Crypto Patel (@CryptoPatel) August 12, 2026
Technical Analysis Indicates Bearish Momentum The Relative Strength Index currently registers at 36. Technical analysis typically interprets readings beneath 40 as bearish signals. Additionally, XRP’s price action displays a pattern of declining peaks and troughs, representing a textbook bearish formation.
Technical analyst Diana pinpointed $1 as the decisive level determining immediate price direction. Maintaining support above this threshold preserves the possibility of testing the $1.05–$1.08 resistance band. Successfully penetrating $1.20 could activate targets in the $1.29–$1.37 range.
🚨XRP Is BOUNCING From $1.00 — Is $0.86 STILL Coming, or Is This the Setup for ATH → $8–$16? 🤯🔥$XRP is showing signs of life again after testing the psychological $1.00 region, with price recovering toward $1.02. 👀
But this is where the chart gets VERY interesting.$XRP… https://t.co/5Ijl449QLr pic.twitter.com/2PyXukO0F4
— Diana (@InvestWithD) August 11, 2026
Nevertheless, confirming an authentic trend reversal would necessitate clearing the $1.40 weekly resistance barrier, which has previously rejected multiple recovery attempts.
Should the $1 support level break down, initial downside objectives emerge at $0.90–$0.86. More substantial selling pressure could bring the $0.50 zone into focus.
XRP continues trading within a descending price channel. The combination of a 36 RSI reading and the prevailing technical framework suggests bearish forces maintain dominance over current market dynamics.
XRP, bu kez fiyat hareketlerinden ziyade XRP Ledger (XRPL) ile tx ağı arasındaki köprüde yaşanan güvenlik açığıyla gündeme geldi. Saldırganlar, gerçek bir XRP yatırımı gerçekleşmeden sistemin geçerli kabul ettiği işlemler üzerinden karşılıksız bridged XRP oluşturdu ve köprü rezervlerindeki gerçek varlıkların bir bölümünü çekti.
tx ekibinin açıklamasına göre saldırı 9 Ağustos’ta gerçekleşti. Olayın ardından XRPL ile tx arasındaki köprü kullanıma kapatılırken, güvenlik açığına neden olan kodun düzeltilmesi için çalışma başlatıldı.
XRP Köprüsündeki Açık Nasıl Kullanıldı? Saldırının temelinde köprünün Ripple yatırımlarını doğrulayan mekanizmadaki kritik bir yazılım hatası bulunuyor. Sistem, XRPL üzerindeki köprü adresine gerçekte XRP gönderilmemesine rağmen bazı işlemleri başarılı yatırma işlemleri olarak kaydetti.
Saldırgan bu açığı kullanarak tx ağı üzerinde gerçek XRP rezervleriyle desteklenmeyen bridged XRP bakiyeleri oluşturdu. Daha sonra oluşturduğu karşılıksız bakiyeleri kullanarak köprünün rezervinde bulunan gerçek XRP’leri çekti.
Bu durum, blok zinciri tabanlı köprülerde varlıkların doğru şekilde doğrulanmasının ne kadar kritik olduğunu bir kez daha ortaya koydu. Çünkü köprü, iki farklı ağ arasında varlık transferi sağlarken bir taraftaki gerçek rezerv ile diğer tarafta oluşturulan token arasında güvenilir bir bağlantı kurmak zorunda.
Yaklaşık 200 Bin XRP Çalındı tx tarafından paylaşılan ilk bilgilere göre saldırganın elde ettiği miktarın yaklaşık 200.000 XRP, yani yaklaşık 200 bin dolar değerinde olduğu tahmin ediliyor.
Saldırının etkisi tx zincirindeki bridged Ripple ile sınırlı kaldı. Ancak saldırı sonrasında dolaşımda bulunan köprülenmiş Ripple miktarının tamamının gerçek Ripple rezervleri tarafından bire bir desteklenmediği belirtildi.
Buna karşılık diğer köprülenmiş varlıkların tamamen teminatlandırıldığı açıklandı. Merkezi kripto borsalarında, merkeziyetsiz borsalarda veya doğrudan blockchain üzerinde bulunan diğer token ve kullanıcı fonlarının ise saldırıdan etkilenmediği vurgulandı.
Dolayısıyla olay, genel Ripple ekosisteminin tamamını hedef alan bir saldırıdan ziyade belirli köprünün yazılım altyapısındaki açığın istismar edilmesi olarak öne çıkıyor.
Güvenlik Denetimleri Neden Açığı Önleyemedi? tx ekibi, köprünün kullanıma açılmadan önce hem şirket içinde hem de üçüncü taraf kuruluşlar tarafından birden fazla güvenlik denetiminden geçirildiğini açıkladı. Buna rağmen saldırgan, önceki kontroller sırasında tespit edilemeyen bir güvenlik açığını kullanmayı başardı.
Saldırının ortaya çıkarılmasının ardından ekip, açığa neden olan kod üzerinde gerekli düzeltmeleri yaptı ve köprünün faaliyetlerini durdurdu. Ayrıca çalınan fonların farklı blockchain ağlarındaki hareketlerini takip etmek amacıyla blockchain adli analiz şirketleriyle çalışmaya başladı.
Bu gelişme, dijital varlık altyapısında yalnızca denetim yapılmasının yeterli olmadığını, özellikle köprülerde işlem doğrulama mekanizmalarının sürekli izlenmesi gerektiğini gösteriyor.
Kullanıcıların Zararları Nasıl Karşılanacak? tx yönetimi, saldırıdan etkilenen kullanıcıların zararlarının giderilmesi için farklı seçenekleri değerlendirdiğini bildirdi. Ancak uygulanacak telafi mekanizmasının ne olacağı ve sürecin hangi takvimde ilerleyeceği henüz açıklanmadı.
Şirket ayrıca saldırıyla ilgili işlem kayıtları ve saldırganın kimliğinin belirlenmesine yardımcı olabilecek bilgilerle birlikte FBI’ın Internet Crime Complaint Center birimine resmi şikayette bulundu. tx, saldırganın tespit edilmesi ve hukuki olarak kovuşturulması için mevcut yasal yolların tamamını kullanacağını açıkladı.
Şimdilik Ripple ile tx arasındaki köprü, güvenlik incelemeleri ve sistemin güçlendirilmesi tamamlanana kadar kapalı kalacak.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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XRP is under pressure again, as heavy leverage and bearish calls pile up.
XRP’s price action has remained choppy this week. It briefly fell below $1 before a modest recovery. But that strength faded quickly, and it has since settled near $1.01.
New data suggests that selling pressure on the token has reached its highest level since May on Binance.
Downside Risk Grows According to CryptoQuant’s latest findings, the exchange’s Taker Buy/Sell Ratio has fallen sharply to around 0.86, its lowest reading since last May. A reading below 1 means traders are executing more sell orders than buy orders, which indicates clear selling pressure in the derivatives market.
The ratio has stayed below 1 for most of the recent period. There have been brief moves above that level, but they failed to develop into a lasting trend. XRP has also continued to fall from the highs recorded in previous months. This adds to signs of weak spot demand and speculative interest.
However, the low ratio does not mean XRP must continue declining. It mainly shows a temporary imbalance between buyers and sellers in the market. If the ratio moves even lower, downward pressure on the asset could increase. On the other hand, if the ratio moves back above 1 and holds, buying interest could improve. This would be more significant if it came with a stronger price and higher buying volume.
But CryptoPatel also flagged high open interest as another warning sign. XRP futures OI stands at 435.1 million units, above the 30-day average of 403.6 million units, which gives it a Z-score of +1.20σ. The analyst explained that the combination of price weakness and elevated OI essentially means that leverage remains stacked in the market. If the asset falls further, the setup could turn into a liquidation cascade.
Meanwhile, CasiTrades expects XRP to see a deeper pullback before finding a stronger floor. The analyst identified $0.94 as a level where the token could find some relief, but $0.87 remains the bigger downside target.
You may also like: Ripple’s (XRP) Summer Slump Isn’t Stopping Large Wallets From Growing Important Ripple News and XRP Price Update: August 11 BTC, ETH, XRP Whales Step Up Accumulation as CryptoQuant Sees the Bear Market Nearing Its End Whales Take a Different View Short-term traders may be leaning bearish, but whale wallets have been moving in the opposite direction. Earlier this week, Santiment found that the number of wallets holding at least 1 million XRP has risen by 32 over the past three months, even as the asset’s market cap fell 29%.
The analytics firm said this points to stronger holders absorbing the recent panic as “patience replaces price-driven hype” – a shift that could make future volatility more “interesting” for the bulls.
Standard Chartered, a leading British multinational bank, has revised its near-term price outlook for XRP, outlining a significantly lower target for 2026. However, the institution retained its long-term forecast for 2030, maintaining confidence in the digital asset’s growth potential over the next several years.
Short-term outlook revised amid weaker market conditionsGeoffrey Kendrick, Standard Chartered’s Head of Digital Asset Research, initially set an XRP price target of $8 for the end of 2026 in April 2025. The bank recently reduced this estimate to $2.80, citing a combination of factors weighing on the market’s performance. This adjustment represents a 65% decrease from the earlier projection.
The reduction follows a period of weaker XRP price performance, in which the token slid from $2.40 in January to about $1.38 two months later, marking a drop of approximately 43%. During this period, inflows to XRP exchange-traded funds (ETFs) also slowed after an initially strong start.
Standard Chartered’s latest report pointed to continued high interest rates and ongoing geopolitical uncertainty as contributing to the lowered near-term expectation for XRP. The bank’s revised forecast reflects the shifting dynamics across digital asset markets.
Inflows into XRP ETFs have moderated, and a less favorable macro environment has added pressure. Despite these headwinds, Standard Chartered maintains its conviction in the long-term valuation for XRP.
Bank’s $28 target for 2030 remains unchangedDespite the downgrade for 2026, Standard Chartered confirmed that its long-term projection for XRP remains steady. The bank continues to expect XRP to reach $28 by 2030, signaling confidence in the asset’s future prospects.
Crypto analyst ALLINCRYPTO called the bank’s stance a significant bullish signal, highlighting that Standard Chartered distinguishes between its short-term and long-term views. The bank continues to back its 2030 forecast even as it adapts to recent market weakness and reduced ETF activity.
The bank’s maintained $28 price target for the end of the decade stands as a key differentiator in its outlook compared to its cut for 2026.
XRP Price TargetYearStandard Chartered ForecastEnd of 20262026$2.80End of 20302030$28Mini dictionary: Standard Chartered, based in London, is one of the world’s largest international banks, operating across more than 50 markets and providing services in retail and corporate banking, as well as digital asset research and strategy.
Standard Chartered’s commitment to a $28 long-term valuation on XRP underscores the distinctive outlook of a major institutional player, despite ongoing challenges in the broader market.
Difficulties for XRP in the current environmentSlowing ETF flows and persistent macroeconomic challenges have impacted near-term sentiment for XRP and other digital assets. Higher global interest rates and geopolitical instability have weighed on the broader cryptocurrency market, shifting institutional expectations accordingly.
Still, Standard Chartered has not revised its 2030 forecast downward in tandem with its 2026 prediction. The bank’s approach reflects its dual strategy of adapting to short-term headwinds while emphasizing long-term growth potential in the digital asset sector.
ALLINCRYPTO emphasized the significance of this distinction, noting that such a major banking institution maintaining a high long-term valuation signals a notable level of ongoing institutional confidence in XRP’s prospects.
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.
In major XRP news today, Ripple moved a significant amount of XRP coins to Binance crypto exchange. On-chain transaction data revealed transfers to a Ripple subwallet, followed by further transfers to Binance subwallets. This comes amid selling pressure in XRP price.
Ripple Moves Some XRP to Binance, Sparking Jitters Whale Alert flagged a major XRP transfer that highlighted Ripple moving 50 million XRP worth over $50 million. This sparked massive speculation within the XRP community amid a recent drop in price.
On-chain analysis on XRPScan revealed Ripple (50) wallet moved XRP to its subwallet raRVLN1. This indicates it is an internal transfer.
However, shortly after the transaction, the same wallet distributed some coins, primarily 1,000,000 XRP per transaction, to rBNCyN wallet address. The wallet is associated with Binance crypto exchange.
Notably, the Ripple-linked wallet has also sent 23 million XRP in total to rBNCyN wallet this week, which were then transferred to Binance (11).
Ripple Subwallet Transfer to Binance. Source: XRPScan On-chain data from XRPScan showed the Ripple subwallet executed multiple XRP transfers to these Binance-associated wallets. This is likely a Ripple operational liquidity wallet used for on-demand liquidity (ODL) or market making purposes.
Will XRP Price Witness Further Pullback or Rally? XRP price has dropped 0.5% despite Ripple’s push for XRP Ledger upgrade. The price has dropped more than 7% in a week, but has held above $1 in hopes of a breakout above the descending channel.
XRP rebounded almost 1.50% to trade above $1.01 today amid rising whale wallets and network activity. The 24-hour low and high are $1. and $1.02, respectively. However, trading volume has decreased by 24% over the last 24 hours.
However, CoinGlass data shows buying activity in the derivatives market. The total XRP futures open interest climbed more than 0.75% in 24 hours to $2.72 billion.
Notably, the 4-hour futures open interest has rebounded 0.74%. It dropped 1.18% on CME, but jumped on Binance, OKX, Bybit and other crypto exchanges.
If you’re looking to do in-depth research before deciding to invest in crypto, check out our recommendations for the best crypto tools for research and analysis.
Ripple is in a high-stakes battle between speculation and conviction.
From a technical standpoint, XRP is showing a clear bearish bias, with the price recently breaking below $1 and technical wicks forming new lower lows across multiple timeframes. Against this backdrop, the rising speculative activity is turning the setup around the XRP price prediction into an increasingly high-risk one.
Notably, the on-chain data is backing this up.
As the chart below shows, XRP’s Open Interest [OI] stood at $435 million, while the Z-score is at +1.20, meaning OI is elevated compared with its historical average, pointing to increased speculative positioning and a higher risk of a sharp volatility move.
Source: CryptoQuant However, the bigger question is where traders expect Ripple [XRP] to move next.
Given the bearish technical setup behind the XRP price prediction, you’d normally expect traders to be opening shorts and betting on further downside.
But recent data is hinting at something completely different. Analysts have spotted massive long positions building around XRP, with aggressive positioning coming out not just from retail traders but also whales.
But with the technicals still looking weak, the key question is: Why are traders betting so heavily on the upside? Do these whales know something the rest of the market hasn’t priced in yet?
XRP price prediction points to a potential supply shock as longs surge The growing XRP long positioning doesn’t look entirely random.
On the fundamental side, XRP network activity has picked up, with the number of addresses surging 84% to 43k. That points to increased network usage and gives the bullish case some fundamental backing.
Adding to this, $256 billion Wall Street Cetera Investment Advisers has added XRP to its balance sheet, giving the asset a boost on the institutional front.
Why does this matter?
As the chart below shows, XRP ETFs have recorded a modest $1 million inflow so far this month. While this may seem small, it stands out given the bearish XRP price prediction setup.
Despite weak price action, ETF flows still show buying interest, suggesting demand may be stronger than the chart currently indicates.
Source: SoSoValue Notably, this adds to the growing supply shock narrative around XRP, which has been gaining traction on social media. That makes XRP’s chop around $1 a mix of speculative positioning and growing conviction.
In this context, rising OI adds to the bullish setup, showing traders are putting more capital into XRP positions even without a major price breakout. At the same time, whale positioning is turning increasingly long, adding another bullish signal.
If ETF flows, open interest and whale positioning continue to strengthen together, the setup could start shifting more deeply from speculation to conviction.
If this trend holds, calling the XRP price prediction purely bearish may be too premature. With these signals starting to improve, XRP could be moving into a stronger accumulation phase, with the $1.15 Q3 target still very much in play.
Final Summary XRP price prediction remains weak, but rising open interest, whale longs, and ETF inflows show traders are still betting on the upside. If this trend continues, XRP could be entering an accumulation phase and the $1.15 Q3 target still in play.
Leading cryptocurrencies fell, even as stocks rallied on Wednesday as investors weighed the latest consumer inflation numbers that came in line with expectations.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m. EDT)Bitcoin (CRYPTO: BTC)-0.23%$63,424.63.02
Ethereum (CRYPTO: ETH)
-0.38%$1,875.68XRP (CRYPTO: XRP) -1.88%$1.00Solana (CRYPTO: SOL) -0.92%$75.63Dogecoin (CRYPTO: DOGE) -3.24%$0.06987Crypto Market Retreats FurtherBitcoin and Ethereum recorded sharp selling pressure, while XRP and Dogecoin also traded in the red on Wednesday.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.31% and 1.73%, respectively.
Over the past 24 hours, more than $175 million in crypto positions were liquidated, with short sellers accounting for $93 million of the losses, according to Coinglass data.
Bitcoin’s open interest rose 0.49% over the last 24 hours. An increase in open interest, along with a price decrease, typically indicates that short positions are being built up.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:35 p.m. EDT)Capricorn (APR) +137.97% $0.4950Cysic (CYS) +36.06% $1.63Bitway (BTW) +22.28% $0.2544The global cryptocurrency market capitalization stood at $2.17 trillion, following a dip of 0.79% over the last 24 hours.
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Stocks Rally After CPI ReportMajor indexes lifted on Wednesday. The S&P 500 rose 0.26% to end at 7,748.50, while the tech-focused Nasdaq Composite gained 0.54% to close at 26,588.49. The Dow Jones Industrial Average, meanwhile, fell 0.04%, or 21.58 points, to close at 53,770.27.
The July Consumer Price Index rose 3.4% from a year earlier, matching expectations, while core inflation eased to 2.5%, also as expected.
Meanwhile, the odds of an interest rate hike in September fell to 40% from 48% the day before, according to the CME Fedwatch tool.
The Anatomy of Bitcoin’s BottomMichaël van de Poppe, a widely followed cryptocurrency analyst and trader, said Bitcoin risks breaking down to $60,000 if it fails to hold current support near $63,500
“The final level of support is that area; if that doesn’t happen, we’re very likely to be sweeping the lows again,” the analyst projected.
On-chain analytics firm CryptoQuant observes that Bitcoin’s losses have spread beyond speculative traders and are now being borne by long-term holders.
Historically, at each significant cycle bottom, long-term holders have been sitting on more severe unrealized losses than the broader market, the research firm stated.
“Bitcoin is displaying a condition repeatedly associated with macro bottoms, but not yet the emotional and financial exhaustion that made previous bottoms unmistakable,” CryptoQuant added.
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Ripple (XRP) and Stellar (XLM) remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.
Mixed sentiment among tradersDerivatives data shows mixed sentiment with a mild bullish tilt among traders. CoinGlass’ long-to-short ratio for XRP reads 1.03 on Thursday. A ratio above one indicates bullish sentiment, as traders are betting the asset prices will rise. Meanwhile, the long-to-short ratio for XLM reads 0.92 on Thursday, nearing the lowest level in over a month. A ratio below one indicates bearish sentiment, as traders are betting the asset prices will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassHowever, the funding rate for both XRP and XLM shows improving sentiment. For both altcoins, the rates read positive 0.0064% and 0.0092%, respectively, on Thursday. These positive rates indicate that long traders are paying shorts and reflect a bullish bias.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassCautious optimism among tradersCryptoQuant’s summary data shows cautious optimism. XRP’s futures markets show large whale orders, while other metrics remain neutral, supporting a potential recovery. However, XLM shows selling-side dominance in both markets, and large whale orders, hinting at cautious sentiment among traders.
XRP summary data chart. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Nears key $1 supportXRP price trades at $1.004 on Thursday, keeping a bearish near-term bias as price holds under the 50-day Exponential Moving Average (EMA) at $1.090, the 100-day EMA at $1.171 and the 200-day EMA at $1.362. The cluster of EMAs overhead suggests rallies remain capped, while the Relative Strength Index (RSI) near 35 hints at persisting downside pressure. The Moving Average Convergence Divergence (MACD) stays in negative territory, reinforcing a weak tone despite the pair hovering just above the $1.000 psychological area.
On the downside, immediate support is located at the horizontal level around $1.000, where buyers could attempt to slow the decline.
On the topside, initial resistance aligns with the 50-day EMA at $1.090, followed by the 100-day EMA at $1.171 and the prior horizontal barrier at $1.300, before a more distant cap emerges at the 200-day EMA near $1.362 and the higher resistance line at $1.900.
XRP/USDT daily chartXLM technical outlook: Key EMAs hold as resistanceXLM price trades at $0.159 on Thursday, maintaining a bearish near-term bias as it sits below the key EMAs. The 50-day EMA at $0.176, the 100-day EMA at $0.180 and the 200-day EMA at $0.190 all converge overhead as layered resistance, suggesting rallies are likely to be capped before a more meaningful recovery can develop.
Momentum remains soft, with the RSI hovering near 33, close to oversold territory, while the MACD stays in negative territory and reinforces the prevailing downside pressure.
On the topside, initial resistance aligns with the 50-day EMA around $0.176, followed closely by the horizontal barrier at $0.177, forming a nearby supply zone that bulls would need to clear to ease selling pressure. Above that, the 100-day EMA at $0.180 opens the way toward the more strategic 200-day EMA at $0.190.
On the downside, the next meaningful support emerges at the prior horizontal floor near $0.142, where buyers could attempt to arrest the decline if the current bearish tone extends.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
With XRP currently trading perilously close to the psychologically significant $1 level, the asset's technical structure is still clearly bearish. While buyers have yet to generate a strong reversal signal, XRP has nearly entirely erased the remaining distance between it and this support at about $1.03.
XRP falls shortThe issue is shown by the moving-average structure. On the daily chart, XRP trades below each of the major averages. The 50-day moving average is close to $1.08, and the short-term average is around $1.06. The 200-day moving average is still well above price at about $1.37, but more significant resistance can be found at the 100-day average at about $1.18.
XRP/USDT Chart by TradingViewWhat's more, every one of these averages is on the decline. As a result, XRP does not just encounter individual resistance levels; rather, it stays within a well-established downtrend where rebounds keep running into progressively lower ceilings. Additionally, momentum is lacking.
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The RSI has dropped to about 36.8, getting close to oversold territory without reaching a level that would independently indicate exhaustion. This leaves room for one more downward shift. As a result, the $1 threshold is becoming crucial. A daily breakdown below it could accelerate bearish momentum and eliminate the closest psychological support, especially if it is accompanied by rising volume.
Regaining the $1.06–$1.08 zone would be the first significant improvement needed for XRP to stabilize. Until then, rallies are not indicative of a wider reversal but rather countertrend movements. Sellers continue to benefit from the current structure, and $1 is now the threshold between consolidation and another potentially significant breakdown.
Zcash is gaining groundDespite another rejection above $500, Zcash's technical structure remains significantly stronger. At $488, ZEC is currently trading between its short-term moving averages and maintaining the larger bullish structure that was created when the asset recovered from its March lows. The immediate conflict is centered on the $483–$495 range.
ZEC is trading significantly above the 100-day average, which is at $469, and above its 50-day moving average, which is at $483. But the short-term average, which is close to $495, is still above the market, forming resistance nearly precisely at the psychological $500 barrier.
ZEC/USDT Chart by TradingView$500 is therefore the most crucial immediate breakout level. In recent weeks, ZEC has made several attempts in this area, but it has had difficulty gaining long-term acceptance above it. The July resistance zone, which is between $560 and $580, would come into play after another successful reclaim, which would expose roughly $520 to $540. The structure on the downside is still comparatively safe.
Through the 50- and 100-day moving averages, the $469–$483 region creates the first notable support cluster. Maintaining the current consolidation would allow for another upside attempt.
More significantly, the 200-day moving average is still rising and sits much lower at about $422. ZEC is still comfortably above its 200-day trend indicator, in contrast to many significant cryptocurrencies that are currently trading below their long-term averages. However, since the explosive moves earlier in the year, volume has significantly decreased. Because of this, a clear breakout above $500 is challenging without increased participation.
As a result, ZEC is still structurally bullish but momentarily range-bound. Buyers maintain control over the larger setup by keeping $469–$483. A decisive $500 reclaim would restore the recent highs, while losing that zone would expose $440 and eventually the 200-day average near $422.
Dogecoin's decline slowsAlthough Dogecoin is still in a steep decline, the most recent price movement indicates that selling pressure is starting to lessen. After spending the majority of July and the first part of August consolidating close to its recent lows, DOGE is currently trading around $0.0705. The moving-average structure is still the major issue.
DOGE/USDT Chart by TradingViewDOGE is trading below the 50-day moving average at $0.0724 and the short-term average at about $0.0712. The 200-day moving average is still far away at $0.0974, while the 100-day moving average at roughly $0.0815 is a much stronger resistance barrier above those levels. As a result, DOGE faces a number of obstacles before a significant trend reversal is feasible.
However, there is some indication that things have stabilized. Instead of continuing the sharp decline observed in June, the price has held around $0.067–$0.070 for a few weeks. Additionally, the RSI has rebounded to about 47, putting momentum in the vicinity of neutral. Therefore, the first bullish objective is rather simple: DOGE must establish support above the short-term moving averages and recover $0.072–$0.073.
A recovery toward $0.08–$0.082 might result from that. The structure continues to be bearish until then. The stabilization attempt would be void and DOGE would be vulnerable to another leg lower if the recent floor around $0.067 were lost. Buyers are beginning to build a foundation, but they still lack control.
Bitcoin stays stuckAlthough Bitcoin is still consolidating between $63,600 and $64,000, the market has not yet produced the technical breakout necessary to alter its more general bearish structure. From its June low of about $58,000, Bitcoin has made significant progress, but it has now stalled beneath significant resistance.
The short-term moving averages are at the center of the current conflict. Bitcoin is currently trading around $63,605, which is below the faster average at $64,088 but marginally above the 50-day moving average at $63,337. As a result, there is a narrow compression zone where neither buyers nor sellers can currently exert decisive control.
BTC/USDT Chart by TradingViewThe bigger obstacles are situated much higher. The 200-day moving average is close to $72,012, while the 100-day average is still around $66,673. Both are still sloping downward, with significant overhead pressure. Momentum validates the indecision. Its signal average is close to 49.7, and its RSI is roughly 46.7.
Neither reading suggests a significant bullish acceleration or an oversold market. The positive aspect is that, after recovering from the June sell-off, Bitcoin has consistently defended the $62,000–$63,000 range. Holding this area allows buyers more time to establish a foundation.
The immediate setup would be improved by moving through $64,000–$64,500, but the more important recovery target is still roughly $66,700. $70,000–$72,000 could be put back into play if that level is reclaimed.
On the other hand, losing $62,000 would significantly impair the consolidation and raise the likelihood of another test of $60,000 and ultimately the June lows. Although Bitcoin is stabilizing, its overall trend has not yet reversed.
XRP is slipping closer to the crucial $1 support level, with the asset’s technical signals remaining firmly bearish. The price has nearly reached the $1.03 support area, as buyers fail to generate a meaningful reversal. The moving averages highlight the issue: on the daily chart, XRP is trading beneath the 50-day moving average near $1.08, the short-term average at $1.06, and the 200-day moving average at $1.37. The 100-day average at roughly $1.18 poses additional resistance.
XRP struggles at $1 supportAll of these key averages are trending downward, reinforcing XRP’s established downtrend. Temporary rallies continue to meet progressively lower resistance levels, and overall market momentum is lacking. The relative strength index (RSI) for XRP has dropped to approximately 36.8, approaching but not quite entering oversold territory—leaving room for another potential downward move.
A daily close below $1 could spark a new wave of bearish momentum and threaten the last significant psychological support, particularly if trading volume rises. For XRP to stabilize, it must regain ground above the $1.06 to $1.08 area. Until that happens, buyers face a challenging landscape, and the $1 mark remains the deciding threshold between further consolidation and the risk of a sharp breakdown.
XRP’s position below all major moving averages and its declining momentum indicate that the $1 support is now critical for market direction. Any breakdown could accelerate the current downtrend.
Mini dictionary: Relative strength index (RSI), a technical indicator used to measure the speed and change of price movements. RSI values below 30 typically suggest oversold conditions, while readings above 70 indicate overbought territory.
Zcash holds bullish structure above key averagesIn contrast, Zcash (ZEC) shows a firmer technical position even after another rejection near $500. The privacy-focused cryptocurrency is currently trading around $488, consolidating between its short-term moving averages and preserving a broader bullish structure that developed after its recovery from March lows. The key battle lies in the $483 to $495 range.
ZEC remains above both the 50-day average at $483 and the 100-day average at $469, marking a supportive cluster for the asset. The 200-day moving average, still moving higher, sits much lower at $422, distinguishing ZEC from other cryptos currently below their long-term trend lines.
AssetCurrent Price50-day MA100-day MA200-day MAKey SupportKey ResistanceXRP$1.03$1.08$1.18$1.37$1.00$1.06–$1.08ZEC$488$483$469$422$469–$483$495–$500DOGE$0.0705$0.0724$0.0815$0.0974$0.067$0.072–$0.073BTC$63,605$63,337$66,673$72,012$62,000–$63,000$64,000–$64,500Repeated attempts to break above $500 have failed to attract sustained buying, with the resistance near that level remaining firm. Should ZEC clear the $500 mark, the price could target the next resistance zone at $520 to $540, and eventually the $560 to $580 area. Volume, however, has waned since earlier in the year—making a convincing break harder without renewed participation.
If support between $469 and $483 is lost, ZEC could slide to $440 and potentially to the 200-day average near $422. For now, the broader setup stays bullish as long as ZEC maintains this range, despite being briefly range-bound.
Zcash is a cryptocurrency focused on privacy and anonymity, offering shielded transactions that conceal sender, receiver, and transaction amount information using advanced cryptography.
Dogecoin and Bitcoin test consolidation zonesDogecoin (DOGE) continues its steep decline but recent trading suggests selling pressure is easing. Now priced at $0.0705 after weeks of consolidating near recent lows, DOGE trades below its 50-day moving average at $0.0724 and short-term average at $0.0712. The 100-day moving average at $0.0815 acts as a significant resistance, while the 200-day average at $0.0974 remains distant.
The recent period of stability above $0.067 hints at a possible basing pattern, with the RSI rebounding to around 47—a neutral reading. For buyers to gain ground, DOGE must climb above the $0.072–$0.073 band, which could then trigger a move toward $0.08–$0.082. Losing the $0.067 floor opens the risk of further losses, as the overall trend remains bearish until notable resistance is reclaimed.
Meanwhile, Bitcoin is consolidating in a tight range of $63,600 to $64,000 after rebounding from its June low near $58,000. The leading cryptocurrency trades just under its short-term moving average at $64,088 and marginally above its 50-day average at $63,337, creating a narrow zone where neither side controls momentum.
Bitcoin has defended $62,000–$63,000 since the June sell-off, allowing buyers to build a potential foundation. However, recovery above $66,700 is still necessary before a sustained bullish reversal can develop.
Major resistance remains above current levels: the 100-day average is around $66,673 and the 200-day at $72,012, both sloping lower. With RSI near 46.7 and its signal average at 49.7, momentum signals indecision and a lack of strong trend direction.
Holding the $62,000 support gives buyers some room to maneuver, but losing it would increase the likelihood of a retreat to $60,000 and possibly the June lows. Although the broader Bitcoin trend has stabilized, a technical breakout is still absent and the dominant bias remains cautious.
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.
In brief An attacker drained nearly 200,000 XRP, worth around $202,000, from the Tx XRPL bridge. The bridge credited transactions that did not deliver XRP as deposits. Tx halted the bridge and is considering how to compensate affected users. An attacker drained nearly 200,000 XRP, worth around $202,000, from an XRP Ledger bridge on August 9 by exploiting a flaw in its deposit-detection software, the project said.
In a post on X on Tuesday, Tx, which operates the bridge connecting the Tx Chain and the XRP Ledger, said a software flaw caused the bridge to record transactions as XRP deposits even though no XRP had been received.
Myriad: XRP price next move? Click the image to place your prediction.“The attacker exploited the bridge's deposit-detection logic,” the company wrote. “The bridge's software incorrectly registered transactions that never actually delivered any XRP to the bridge as deposits, and minted bridged XRP on the tx chain against them.”
Tx is a layer-1 blockchain ecosystem launched in March by combining the Coreum blockchain with Sologenic, an XRP Ledger-based tokenization and trading platform.
The attacker used those fraudulent deposits to create unbacked XRP on the Tx Chain, then exchanged it through the bridge for real XRP.
According to Tx, the bridge underwent several internal and third-party audits before deployment, but the vulnerability was not identified.
XRPL, an independent XRP Ledger trading and analytics platform, found that the bridge released approximately 199,916 XRP through 94 payments over 97 minutes. Each payment was authorized by 17 of the bridge’s 28 relayers, programs that monitor both blockchains and approve transfers.
According to XRPL, the relayers mistook the attacker’s self-directed transactions for deposits. The attacker then withdrew the resulting unbacked balances through the bridge’s normal process.
The analysis rejected an initial claim that the XRP had been drained through “rippling,” an XRPL feature that moves issued tokens across trust lines. Native XRP cannot move through rippling, according to XRPL.
“A widely-shared warning blamed “rippling” and an on-by-default account flag. The ledger says otherwise: every one of those payments was signed by the bridge’s own multisig, and native XRP cannot be rippled at all,” XRPL wrote. “Reading both public chains together, the real cause is a relayer that mistook the attacker’s own self-payments for deposits.”
In a separate post on X, Reza Bashash, a principal at CoreNest Capital and co-founder of Sologenic and Coreum, said the attacker converted the stolen XRP to Ethereum, moved it onto the Ethereum network through THORChain, and sent the entire amount to crypto mixer Tornado Cash, making the funds significantly harder to trace.
Tx said it halted the bridge, fixed the affected code, traced the stolen funds, and filed a complaint with the FBI’s Internet Crime Complaint Center. It also hired blockchain forensics specialists and is working with security partners.
“As we pursue all legal paths forward, we are simultaneously evaluating all options for remedying the situation for affected users,” tx said.
The bridge remains offline while tx reviews its security. The project said holders do not need to take action and warned against accounts or websites claiming they can recover the funds.
The price of XRP hasn't budged much, despite the issues on the network. The Ripple-linked token continues to hover around the $1 mark, at roughly a $64 billion market cap, dropping roughly 5.5% over the last 30 days.
Traders on Myriad, a prediction market build by Decrypt's parent company, currently believe XRP continues to stay at the $1 price point for the rest of the week.
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Ripple CEO Brad Garlinghouse recently explained the core challenges facing global payments, comparing current systems to the early days of the internet. In an interview that drew attention on social media, Garlinghouse described how fragmented payment platforms create unnecessary delays and costs, and outlined Ripple’s approach to solving these persistent problems through its use of XRP.
Legacy payment networks remain isolatedGarlinghouse likened the present-day payments landscape to internet networks in their infancy. He pointed out that, just as CompuServe and AOL users could not email each other in the past, users of major payment services such as Venmo cannot seamlessly send funds between platforms — even where shared ownership exists, as with PayPal and Venmo.
He stressed that this fragmentation is not accidental, but a byproduct of how financial infrastructure was historically established. As a result, users face higher fees and slower transactions.
Garlinghouse explained that, “the payment systems themselves were designed to operate in closed networks, inevitably resulting in delays, errors, and inefficiency.”
Cross-border payments amplify the problemThe pain points are even more acute with cross-border payments. Garlinghouse stated that sending money internationally is “painful, expensive, slow, and mistakes happen,” with funds sometimes delayed for weeks. He argued that, despite advances in other technologies like live video streaming from space, global payment transfers lag far behind, not due to technological limits but legacy infrastructure.
Ripple’s approach to faster paymentsRipple, a US-based technology company specializing in payment solutions, developed its platform to address these inefficiencies. According to Garlinghouse, an XRP transaction can settle globally in approximately four seconds, costing only fractions of a cent per transaction.
He emphasized that consumers rarely consider the underlying asset powering a transaction. Instead, they care about speed and low fees. For this reason, Garlinghouse focused on the user experience rather than technical jargon in his explanation.
Ripple markets its technology to banks and financial institutions rather than targeting individual end-users directly. This strategy enables these entities, already integrated in worldwide payment flows, to deploy Ripple’s infrastructure for quicker settlement and lower operational costs.
Mini dictionary: Ripple – A technology company focused on real-time global payments, best known for developing the RippleNet network and using the digital asset XRP to facilitate instant cross-border transactions for financial institutions.
US regulatory chapter and renewed domestic activityGarlinghouse addressed Ripple’s prolonged legal dispute with the US Securities and Exchange Commission, which affected the company’s ability to operate domestically for about five years. He confirmed that Ripple has resumed its business activities in the United States now that the legal challenges are resolved.
He described the regulatory struggle as a major hurdle for innovation, noting that Ripple has now moved forward and reactivated its US operations.
AllInCrypto, a well-known crypto commentator, shared the interview and described Garlinghouse’s communication skills as positive for the future of XRP, emphasizing the importance of transparent leadership as Ripple continues to build on its global payment vision.
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.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Slower XRP ETF inflows have investors exploring alternative digital asset strategies, with EX DeFi promoting cloud mining as a way to participate in crypto.
Summary
XRP ETF inflows fail to lift prices as investors explore alternative returns amid renewed market volatility. XRP struggles despite ETF inflows, while EX DeFi draws interest with cloud mining and diversified digital asset returns. Slowing XRP ETF inflows and price weakness push investors toward alternatives, with EX DeFi promoting cloud mining income options. Since August 2026, seven U.S. spot XRP ETF have collectively locked up approximately 992.5 million XRP and attracted over $1.5 billion in inflows. Despite continued institutional capital entry, the XRP price has largely fluctuated between $1.01 and $1.12; this performance has fallen short of market expectations, further fueling investor caution.
While nearly 1 billion XRP is a substantial figure, it represents only about 0.99% of the total 100 billion XRP supply. By comparison, Bitcoin ETF held a larger share of the circulating supply at their peak. Furthermore, if ETF issuers acquire XRP primarily through over-the-counter (OTC) markets or large holders rather than buying directly from spot exchanges, the impact of these inflows on immediate buying pressure in the open market may be limited.
As spot ETF continue to see inflows, the XRP price has failed to rise in tandem—even dipping below $1 at one point to hit a recent low—resulting in a contraction of market capitalization. This disconnect between price performance and ETF inflows has led some XRP holders to worry about potential further price declines and to re-evaluate their investment strategies.
Meanwhile, an increasing number of XRP investors, concerned about price pullbacks, are exploring alternative ways to generate returns. They seek to mitigate the impact of short-term volatility while keeping an eye on XRP long-term prospects and generating consistent additional income from their holdings.
Against this backdrop, the EX DeFi cloud mining platform is attracting growing investor interest. Through cloud mining and yield aggregation mechanisms, users can explore diversified sources of digital asset returns, enhancing the utility of their assets without relying solely on price appreciation.
Despite slowing ETF inflows, institutional demand for allocation remains a focus Although XRP ETF inflows have recently slowed, institutional interest in long-term XRP allocation remains robust. XRP is currently trading in the $1.01–$1.12 range, a price zone and subsequent capital flow pattern that the market is monitoring closely.
Meanwhile, regulatory policy remains a key factor influencing institutional capital inflows into XRP. As regulatory developments — such as the CLARITY Act — progress, further clarification of the digital asset regulatory framework could improve the environment for institutional participation in XRP ETFs, potentially re-accelerating capital inflows.
JPMorgan and Standard Chartered have previously projected potential capital inflows for XRP ETF. Should the regulatory environment continue to improve and institutional participation rise, there remains significant potential for growth in XRP ETF inflows.
Increased XRP volatility makes EX DeFi cloud mining an attractive option for investors Amidst recent heightened volatility in XRP prices, a growing number of XRP holders are turning to the EX DeFi cloud mining platform. They seek to explore diversified yield-generating models while maintaining their long-term digital asset holdings.
Unlike high-volatility leveraged trading or strategies that rely solely on asset price appreciation, EX DeFi cloud mining offers a more convenient way to engage with digital assets. Users do not need to deploy specialized mining hardware or bear maintenance costs; instead, they simply select a hashrate contract that suits their needs to participate in mining services.
This model allows users to explore alternative applications for their digital assets while keeping an eye on XRP’s long-term market performance, thereby reducing reliance on a single strategy based on price appreciation.
About EX DeFi Founded in 2021 and headquartered in the UK, EX DeFi operates in compliance with European regulatory frameworks such as MiCA and MiFID II. The platform continuously enhances transparency, operational standards, and user protection mechanisms, striving to provide a seamless and convenient digital asset service experience.
The platform employs a multi-layered security architecture, featuring:
Annual financial and security compliance audits conducted by PwC;
Digital asset custody insurance provided by Lloyd’s of London;
Enterprise-grade cybersecurity protection from Cloudflare and McAfee®;
Multi-layer encryption architecture, AI-driven risk management, and two-factor authentication (2FA).
How to earn daily rewards with EX DeFi 1. Register an Account
Visit the official EX DeFi website and sign up for free using an email address. New users receive a $17 reward.
2. Deposit Cryptocurrency
Supports a wide range of mainstream digital assets, including XRP, BTC, ETH, USDT, LTC, USDC, BCH, DOGE, and SOL, offering users flexible deposit options.
3. Select a Mining Contract
Choose a mining plan that suits a particular budget. The minimum deposit is $100. Mining begins automatically once the plan is activated.
4. Receive Daily Rewards Automatically
The platform provides 24/7 intelligent hash rate services, with earnings settled automatically every 24 hours. Users can easily earn passive income without the need to manage mining hardware themselves.
Click here to visit the official EX DeFi website for more details on mining contract plans.
Conclusion Although capital inflows into XRP ETF have slowed recently, institutional allocation demand, progress in regulatory policies, and the development of the XRP ecosystem remain key factors driving market attention. Short-term price movements may still be influenced by capital flows, the macroeconomic environment, and market sentiment.
For long-term XRP holders, while paying attention to ETF fund flows and price changes, exploring more diversified ways to participate in digital assets has also become an important approach to managing market volatility. EX DeFi cloud mining service provides investors with a more convenient way to participate in the digital asset ecosystem and obtain stable passive income.
Visit the EX DeFi website today to start the cloud mining journey and earn up to $10,000 in stable passive income daily.
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Canada's second-largest bank, Bank of Montreal (BMO), has disclosed positions in XRP-focused financial vehicles. The information appears in its latest quarterly Form 13F-HR filing submitted to the U.S. Securities and Exchange Commission (SEC).
The new filing officially confirms the presence of XRP within BMO's massive investment portfolio, whose total value exceeded $303 billion at the end of June 2026. Specifically, the bank's reportable positions include 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF.
Text file showing XRP ETF from Rex Osprey on Bank of Montreal's balance sheet, Source: Form 13F-HR filingThe bank did not purchase tokens directly on exchanges. Instead, it used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the volatile token into a giant portfolio within a familiar legal framework and without direct custody risks.
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For Canada's banking sector, this is becoming a systemic trend. Earlier in the same reporting period, National Bank of Canada disclosed a holding of 3,848 shares in the Bitwise XRP ETF, worth approximately $330,000.
Conservative capital has effectively developed a single playbook: entering the cryptocurrency market selectively and through transparent funds.
New force behind institutional XRP accumulationAt the same time, 13F filings revealed a "changing of the guard" among XRP holders. Major first-wave players led by Goldman Sachs, which held positions worth more than $150 million around the turn of 2025–2026, had reduced or fully exited them by the summer, locking in profits.
However, they were replaced by a group of midsize asset managers and family offices, including Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital.
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These new investors are taking a more flexible approach, splitting capital between traditional spot funds, such as the Franklin XRP Trust and Bitwise, and short-term leveraged instruments such as the ProShares Ultra XRP ETF.
Because 13F filings are published with a 45-day delay, they provide only an interim snapshot. Nevertheless, BMO's filing officially confirms that XRP is now on another top bank's balance sheet.
XRP recorded its lowest weekly close in nearly two years, finishing at $1.03. The token is down 73% from its recent cycle high of $3.65, leaving many investors unsettled and prompting renewed attention toward Ripple CEO Brad Garlinghouse’s muted public presence during this downturn.
Growing uncertainty among XRP holders is centered around Garlinghouse, who has not made any new public statements as the cryptocurrency struggles to maintain its key $1 support. Abs Nassif, host of the Good Evening Crypto podcast, voiced the concerns of many within the community by pointing out that Garlinghouse has remained silent while XRP faces ongoing losses. This sentiment has been widely echoed by others in the XRP Army on social platforms.
Community members have repeatedly asked: Where is Brad Garlinghouse? The absence of communication has only fueled more anxiety among investors who are closely watching market conditions and leadership actions.
Some users highlighted Garlinghouse’s last activity on X, which dates back to July 22, when he responded enthusiastically to a comment from Ripple CLO Stuart Alderoty about the CLARITY Act, a crypto-focused legislative proposal. Since then, Garlinghouse has not addressed the bill’s stalled progress or the price decline.
Tracking Garlinghouse’s social media footprint, XRP community members noted a drop in his X account following count from 589 to 588, a figure carrying significance among enthusiasts who speculate about its relevance to price predictions. The reduction has raised additional questions about whether the CEO has been actively managing his account or is entirely absent from online discussions.
The silence has added to concerns as XRP’s price hovers near critical technical levels, prompting closer monitoring of developments by both retail and institutional holders in the current volatile climate.
Reactions from the XRP Army vary widely. Some dismiss the importance of Garlinghouse’s online activity, noting personal milestones such as his marriage in late 2025 as a possible reason for his absence. Others argue broader macroeconomic factors, like inflation and declining consumer spending, are more significant drivers behind the drop in XRP’s value. They believe executive commentary alone cannot change current market conditions and cannot be considered an obligation.
One prominent analyst, JD (@jaydee_757), referenced having publicly called the $3.37 cycle top for XRP and disclosed that he added to his position as the price neared $1, expressing long-term confidence in the asset, regardless of Garlinghouse’s silence.
Some traders maintain their conviction in $XRP, asserting that leadership silence is less significant than fundamental or technical factors affecting the market.
As the XRP community processes both the steep price correction and the leadership void, these discussions underscore an ongoing division in perspectives during periods of volatility. At the same time, rapid changes in global finance are reshaping how investors access traditional assets.
While technical indicators and market sentiment remain closely watched, innovative solutions are emerging for retail and institutional investors. Wall Street institutions are increasingly exploring Web3, with platforms like 1stepSwap allowing investors to hold shares of major U.S. companies, gold, and silver directly in crypto wallets. By tokenizing Real-World Assets (RWAs) and automatically sourcing the best available prices, these platforms remove traditional intermediaries from the process.
At the time of publication, Garlinghouse had not issued a public response to the community’s growing calls for communication.
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 (CRYPTO: XRP) is seeing growing whale accumulation, surging network activity and rising derivatives leverage despite underwhelming price performance.
Whales Countering Selling Pressure?In an X post on Aug. 11, Santiment data showed that the number of XRP Ledger wallets holding at least 1 million XRP has increased by 32 over the past three months despite a 29% punge in XRP’s market capitalization.
The divergence suggests large holders have continued accumulating during the market downturn rather than retreating alongside prices.
Santiment pointed to Ripple’s RLUSD (CRYPTO: RLUSD) stablecoin as another fundamental development, noting its growing institutional presence alongside Ripple’s payments, custody and tokenization infrastructure.
The analytics firm said rising million-XRP wallets alongside falling market capitalization suggests stronger hands are absorbing selling pressure, potentially making future volatility more interesting for bulls.
XRP Network Activity SurgesCrypto chart analyst Ali Martinez highlighted another bullish divergence beneath XRP’s muted price action.
XRP network activity has surged since the beginning of August, with active addresses climbing 84.18% from 23,642 on Aug. 1 to 43,543.
Derivatives traders are also increasing their exposure.
Coindesk noted that open interest in XRP futures has risen to 2.67 billion XRP, worth almost $2.73 billion, up from $2.41 billion as of Aug. 1.
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Ripple has voted for the fixCleanup3_3_0 amendment as the proposal has secured support from 8 of 35 trusted XRP Ledger validators during its early voting stage.
Summary
Ripple has backed fixCleanup3_3_0, a package of fixes included with xrpld version 3.3.0. The amendment currently has 8 of 35 validator votes, leaving it below the activation threshold. Proposed changes cover vaults, lending, AMMs, Checks, the permissioned DEX, and pseudo-accounts. XRP traded near $1.06 as derivatives data showed uneven positioning across major exchanges. XRP Ledger fixCleanup vote remains below activation level XRPL validator voting data cited by community tracker CryptoRednirav shows that Ripple has cast a “yes” vote for fixCleanup3_3_0, taking support for the amendment to 8 of the 35 validators on the default Unique Node List.
The vote gives the maintenance package an early endorsement from one of the XRP Ledger’s main contributors, but Ripple cannot approve the amendment alone. Validators make their own decisions, and the proposal must maintain support from more than 80% of trusted validators for two consecutive weeks before it can take effect on the mainnet.
With 35 validators in the default configuration, more than 80% support would require at least 29 affirmative votes. The current eight votes do not start the two-week activation period, and no mainnet activation date has been set.
Unlike a standalone feature proposal, fixCleanup3_3_0 groups several corrections under one amendment. The official XRPL release notes describe fixes involving Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned decentralized exchange, Checks, and pseudo-accounts.
Among the proposed changes, developers have unified freeze and deep-freeze checks for transfers involving pseudo-accounts. The affected transaction types include VaultDeposit, VaultWithdraw, AMMDeposit, AMMWithdraw, LoanBrokerCoverDeposit, and LoanBrokerCoverWithdraw.
Other corrections would change how CheckCash and CheckCancel handle an all-zero CheckID, prevent invalid actions involving pseudo-accounts, and fix hybrid offers that disappear from a permissioned order book when an account loses access to its permissioned domain.
AMM-related changes address precision loss during deposits, withdrawals, and clawbacks. The package also prevents an AMM from being deleted through an unauthorized transaction type and changes the response produced by a specific AMMWithdraw calculation that would otherwise divide by zero.
Version 3.3.0 places six amendments before validators Released on Aug. 6, xrpld version 3.3.0 contains the code needed for fixCleanup3_3_0 and five feature amendments, though installing the software does not activate any of them.
As crypto.news reported on Aug. 7, the other proposals are ConfidentialTransfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor. Each amendment has a separate function and must pass through the validator process before its rules become part of the mainnet.
ConfidentialTransfer would add private transfers for Multi-Purpose Tokens by hiding balances and transfer amounts from the public while keeping them verifiable on the ledger. Authorized parties, including issuers or auditors, could still access information required for compliance under the proposal’s design.
BatchV1_1 would let an account package as many as eight inner transactions together, supporting uses such as atomic swaps in which all transaction steps succeed or fail as a group. The revised amendment replaces an earlier Batch version that was disabled after developers found a security problem.
PermissionDelegationV1_1 also replaces an earlier proposal. Its rules would let an account give another account limited transaction authority without sharing control of the main private key.
DynamicMPT would allow issuers to designate selected Multi-Purpose Token properties as changeable when creating an asset. Sponsor, meanwhile, would let companies or other entities pay transaction fees and reserve requirements for users while leaving control of the users’ accounts and keys unchanged.
Alongside the amendment code, version 3.3.0 has retired Clawback, fixDisallowIncomingV1, fixInnerObjTemplate, fixNFTokenReserve, and fixUniversalNumber. Retirement removes the older amendment gates after the underlying rules have operated for an extended period; it does not remove the user-facing functions from the ledger.
The release also includes changes to node synchronization, online deletion, ledger-delta assembly, and subscription cleanup. Developers added more tests, adopted the C++23 standard, and changed the server’s system service settings to allow additional time for a controlled shutdown.
Node operators have been asked to install version 3.3.0 to maintain service continuity. A server that does not recognize an activated amendment can become amendment-blocked, meaning it can no longer determine the valid state of the ledger.
Vault and lending fixes accompany separate feature votes Precision and rounding corrections for Single Asset Vaults and the Lending Protocol form one part of fixCleanup3_3_0, while the vault and lending systems themselves remain subject to separate amendments.
Ripple recently backed both proposals, voting in favor of XLS-65 for Single Asset Vaults and XLS-66 for the Lending Protocol. Voting data published on Aug. 10 placed support near 40% for XLS-65 and above 37% for XLS-66, leaving both below the required supermajority.
Single Asset Vaults would pool one type of token, which could include XRP, Ripple USD, or another XRPL-issued asset. Depositors would receive shares representing their claims on the assets held by a vault.
Liquidity from those vaults could then fund fixed-term loans through XLS-66. Rather than requiring every borrower to post assets worth more than the loan, the proposed framework would rely on off-chain credit checks, compliance reviews, and underwriting. XRPL would record and enforce the agreed loan terms, including interest, repayments, and defaults.
Security firm Halborn completed a lending protocol re-audit in June. The firm reported no critical or high-risk findings after reviewing transaction checks, accounting rules, access controls, parameter limits, and state consistency.
Halborn identified five findings: one medium-risk issue, two low-risk issues, and two informational items. Its report said Ripple had addressed, accepted, or acknowledged all five, including a vault asset-limit bypass involving loan interest and a missing freeze check in LoanBrokerSet.
For U.S. institutions, ledger-level lending would not replace obligations arising from securities, lending, sanctions, consumer-protection, or anti-money-laundering rules. Participating firms would still need to conduct the legal and compliance checks applicable to their activities before using the ledger for execution and record-keeping.
XRP rebounds as exchange positioning remains mixed XRP (XRP) traded near $1.06 at publication after recovering from the $1 area, according to current market data. The token had gained almost 3% over the preceding 24-hour period, while trading volume increased by about 16%.
CoinGlass data showed a less uniform response in the derivatives market. Total XRP futures open interest fell by more than 0.65% within one hour after recently moving above $2.70 billion, indicating that some leveraged positions had been closed during the rebound.
Exchange-level figures also differed. CME XRP futures open interest remained 1.31% higher over 24 hours, while open interest declined on Binance, OKX, Bybit, and several other crypto exchanges.
The distinction is relevant to American investors who obtain XRP exposure through regulated products rather than holding the token directly. Recent XRP ETF figures covered by crypto.news showed that Canary’s U.S.-listed fund lost $81.6 million in net assets even as share activity added $82 million, with $159.7 million in unrealized XRP depreciation accounting for the difference.
Canada’s second-largest bank, Bank of Montreal (BMO), has officially disclosed holdings in XRP-focused exchange-traded funds in its latest quarterly Form 13F-HR filing with the U.S. Securities and Exchange Commission (SEC).
BMO’s XRP ETF exposureThe filing confirmed that BMO, which manages assets exceeding $303 billion as of the end of June 2026, holds 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. Both of these financial vehicles focus on providing exposure to the price movements of the XRP cryptocurrency, but do so via regulated U.S. ETF structures.
Rather than purchasing XRP tokens directly through exchanges, BMO has chosen to invest through these regulated ETF products. This approach allows the bank to gain exposure to XRP price fluctuations within a legal and operational framework it already uses, minimizing the risks associated with direct token custody.
Bank of Montreal, commonly referred to as BMO, is one of Canada’s largest financial institutions, serving millions of clients globally through a range of banking and investment services.
Mini dictionary: Rex Osprey XRP ETF and ProShares Ultra XRP ETF—Regulated funds available to institutional investors in the U.S., providing exposure to the price movements of XRP through traditional equity market channels rather than direct cryptocurrency holdings.
Canadian banks increasingly embrace regulated crypto fundsThis trend is mirrored across Canada’s major banks. In the same reporting period, National Bank of Canada reported a position of 3,848 shares in the Bitwise XRP ETF, valued at approximately $330,000. Rather than making direct purchases of digital tokens, these leading banks prefer regulated and transparent ETF structures to cautiously enter the cryptocurrency market.
Institutional investors are following a consistent strategy: selectively gaining exposure to cryptocurrencies through regulated financial products while maintaining compliance with established frameworks and risk controls.
BankXRP ETF/Fund HoldingsEstimated ValueBank of Montreal323 Rex Osprey XRP ETF shares, 20 ProShares Ultra XRP ETF sharesNot disclosedNational Bank of Canada3,848 Bitwise XRP ETF shares$330,000Shift in institutional XRP holdersRecent 13F filings have highlighted a significant shift among major XRP holders. Large, early-stage participants such as Goldman Sachs, which once managed positions exceeding $150 million at the turn of 2025–2026, have scaled back or fully liquidated their XRP holdings by mid-2026, realizing their profits.
Taking their place is a rising group of midsize asset management firms and family offices. Notable entrants include Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital. These investors are distributing their capital across both traditional spot-based funds, such as the Franklin XRP Trust and Bitwise products, and more short-term leveraged ETFs, including the ProShares Ultra XRP ETF.
Major Canadian banks have adopted a model of engaging with cryptocurrency markets exclusively through transparent, regulated funds, signaling a robust but cautious approach to digital asset integration.
As 13F filings are made public with a 45-day lag, these disclosures offer only a partial view of the current holdings. However, BMO’s confirmation signals that XRP has secured a place within the asset mix of another prominent North American bank.
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 could move ahead with its institutional strategy even as the CLARITY Act faces fresh delays in the US Senate, according to leading crypto researcher SMOKE. SMOKE emphasized that while ongoing regulatory uncertainty poses challenges for digital assets, Ripple’s expansion need not remain on hold.
Alternative regulatory pathwaysThe CLARITY Act is a proposed bill that would create comprehensive digital asset regulations in the US, including clearer guidance on token classification and expanded federal oversight. Although such legislation could offer crucial certainty to the entire crypto industry, analysts point out that it is not the exclusive path to regulatory legitimacy for blockchain firms.
Ripple, a US-based blockchain payments company best known for its XRP token, has already secured a conditional national trust bank charter from the Office of the Comptroller of the Currency (OCC). The OCC granted this approval in December 2025, paving the way for Ripple to potentially operate as a federally supervised trust bank.
Mini dictionary: Office of the Comptroller of the Currency (OCC), a US federal agency that supervises and regulates national banks and federal savings associations, ensuring their soundness and compliance with federal laws.
A federally licensed trust bank structure could position Ripple more strongly with regulated financial businesses. This development could be especially relevant for institutional custody, stablecoin issuance, and RLUSD reserve management—key areas for the company’s growth outside traditional payments.
Conditional progress and broader industry impactSMOKE maintains that if Congress continues to stall on the CLARITY Act, Ripple’s conditional OCC charter can still serve as an important avenue for regulatory advancement. However, the approval remains provisional, meaning Ripple does not yet function as a fully established national bank. Moreover, OCC oversight applies specifically to Ripple’s trust bank, and cannot replace broad industrywide rules that only federal legislation can deliver.
Both the CLARITY Act and the OCC charter could ultimately complement each other. The former would address digital asset regulation at the national level, while the latter offers Ripple a firm-specific regulatory path. Ripple could stand to benefit if both initiatives move forward, gaining both market clarity and an upgraded regulatory infrastructure.
InitiativeScopeStatusPotential Benefit for RippleCLARITY ActAll US digital asset companiesDelayed in US SenateClear federal rules for industryOCC CharterRipple-specificConditionally approved (Dec 2025)Federal trust bank operationsUS regulatory outlook and ongoing expansionMeanwhile, the US Securities and Exchange Commission is evaluating new regulatory strategies for digital assets. Lawmakers are expected to revisit the CLARITY Act after the Congressional recess in August, but prospects for swift passage remain uncertain as attention turns to September.
SMOKE describes Ripple’s regulatory strategy as multi-pronged, arguing that the company can keep building across payments, stablecoins, tokenization, and custody, regardless of congressional delays.
Despite legislative uncertainty, XRP adoption and Ripple’s infrastructure development can continue. The company’s expansion in institutional sectors and cross-border transactions could drive new opportunities for both XRP and the XRP Ledger network.
Ripple’s path is not contingent on the CLARITY Act passing. Should federal crypto legislation advance, Ripple could eventually benefit from having both a broader regulatory framework and its own bank charter. Until then, the company can pursue its ambitions and the use of XRP does not need to pause.
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.
Tokenizing precious metals on public blockchains has gained momentum in 2026. Ripple‘s XRP Ledger, known for its speed and cost-effectiveness in cross-border payments, was an early entrant in this trend. In 2024, Meld Gold, a specialist in digital gold products, introduced the first batch of tokenized gold shares on the XRP Ledger. Despite this innovation, the amount of gold involved remains modest, with about 1,000 ounces accounting for a few million dollars in assets.
Assetiko expands XRP Ledger tokenizationFollowing Meld Gold’s initiative, Assetiko, a digital asset tokenization platform with a larger gold reserve, implemented a similar strategy. The company released approximately 1,524 certified ounces of gold, establishing an XRP-based collateral pool valued at $3.08 million. Assetiko’s move signaled an ambition for larger-scale tokenization, raising the prospect of multi-billion dollar on-chain gold reserves if broader institutional adoption occurs within the UK.
Crypto analyst SMQKE examined this dynamic and highlighted the connection between ongoing tokenization efforts and new regulatory developments in the UK. SMQKE stated on X that XRP Ledger has the capabilities to tokenize gold and emphasized that Ripple operates as an FCA-authorized fintech firm in the country.
SMQKE observed that Ripple holds formal FCA authorization in the UK, which enables XRP Ledger to potentially support large-scale gold tokenization projects within the United Kingdom’s financial system.
Mini dictionary: FCA (Financial Conduct Authority), the financial regulatory body in the United Kingdom, oversees the conduct of financial services firms and markets to ensure integrity and protect consumers.
Potential UK gold market transformationThe United Kingdom’s Financial Conduct Authority reportedly is considering plans to allow over 70% of the country’s gold reserves to be moved on-chain. The objective is to strengthen London’s position in global gold trading and respond to increased competition from markets in Shanghai and Hong Kong. If the FCA advances this initiative and leverages the XRP Ledger, tokenization efforts could scale from millions to billions of dollars, fundamentally altering gold reserve management in the region.
A decision by the UK to deploy a large portion of its gold reserves on-chain would mark a major institutional endorsement for XRP Ledger and the broader blockchain-based asset tokenization sector. The integration of gold tokenization infrastructure is projected to move significant capital into the digital asset space, making practical factors such as user adoption and operational scalability the next hurdles for progress.
ProjectGold Tokenized (ounces)ValueBase TechnologyMeld Gold~1,000A few million USDXRP LedgerAssetiko1,524$3.08 millionXRP LedgerPotential UK FCA InitiativeOver 70% of UK gold reservesBillions USD (projected)XRP Ledger (proposed)Ripple advances UK strategy after regulatory approvalRipple, a San Francisco-based payments technology company, has recently strengthened its regulatory position in the UK. The company secured an Electronic Money Institution (EMI) license and received registration as a cryptoasset business, updating its compliance with the latest UK financial services framework. These regulatory clearances have enabled Ripple to expand its payment operations inside the UK market.
With established regulatory backing, Ripple is positioned to support a potential transition toward tokenized assets in the UK. As regulatory and technical questions give way to considerations of demand, market adoption will determine the pace and scale of blockchain-based gold reserves in the United Kingdom.
Ripple’s recent regulatory approvals have paved the way for integrated growth of payment services and asset tokenization initiatives across the UK financial sector.
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.
TLDRXRP Enters BMO Portfolio Through ETFsInstitutional XRP Holdings ShiftGet 3 Free Stock Ebooks Bank of Montreal disclosed XRP exposure through two regulated U.S.-listed ETF products in its latest 13F filing. BMO held 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. The positions formed part of BMO’s investment portfolio, valued at more than $303 billion at the end of June 2026. National Bank of Canada also reported XRP exposure through 3,848 shares of the Bitwise XRP ETF. Recent 13F filings show XRP fund ownership shifting from larger early investors toward midsize asset managers and family offices. The filings reflect holdings as of June 30 and may not represent current positions because 13F reports can arrive up to 45 days later. Bank of Montreal disclosed positions in XRP-linked exchange-traded funds in its Form 13F-HR filing with the U.S. Securities and Exchange Commission. The filing shows XRP exposure in BMO’s $303 billion portfolio as of June 30, 2026.
The bank reported 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF. BMO used regulated funds rather than buying XRP directly.
XRP Enters BMO Portfolio Through ETFs The filing shows how BMO gained exposure through products traded in established financial markets. The approach gives the bank access to XRP price moves while avoiding direct crypto custody.
The position remains small compared with BMO’s portfolio. Still, the disclosure places XRP-linked products among the bank’s reportable U.S. investments for the quarter.
National Bank of Canada also reported XRP exposure during the same period. It disclosed 3,848 shares in the Bitwise XRP ETF, valued at about $330,000.
Both filings show Canadian banks using regulated funds to access cryptocurrency markets. The institutions selected listed products rather than direct token ownership.
Institutional XRP Holdings Shift The latest 13F reports also show changes among larger XRP fund holders. Goldman Sachs, which previously reported positions worth more than $150 million around late 2025 and early 2026, had reduced or exited them by summer.
New holders included Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital. These firms used the Franklin XRP Trust, Bitwise funds and the leveraged ProShares Ultra XRP ETF.
Form 13F filings arrive up to 45 days after each quarter ends. They show reportable securities positions, not real-time trading activity.
BMO’s filing reflects holdings as of June 30, 2026. It confirms regulated XRP investment exposure at another major Canadian bank.
Bank of Montreal (BMO), one of Canada’s largest financial institutions, reported exposure to XRP through U.S.-regulated exchange-traded funds, according to its latest Form 13F-HR filing with the Securities and Exchange Commission. As of June 30, 2026, BMO managed a portfolio valued at over $303 billion and included XRP-linked ETF shares among its holdings.
Canadian banks opt for regulated crypto exposureThe filing shows BMO held 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF during the reporting period. Both securities offer indirect exposure to XRP’s price action while allowing the institution to avoid the risks associated with direct cryptocurrency custody. The total XRP-related position remains relatively minor compared to BMO’s overall U.S. investment book, but it marks a notable step into crypto for the Canadian bank.
National Bank of Canada also disclosed a stake in the XRP market, holding 3,848 shares of the Bitwise XRP ETF, valued at approximately $330,000. Like BMO, National Bank of Canada chose regulated, listed products on established exchanges instead of purchasing XRP tokens outright.
These filings reflect a trend among traditional financial institutions to use regulated investment vehicles for accessing cryptocurrency markets rather than handling digital assets directly.
Ownership trends shift toward diverse managersRecent 13F reports indicate a changing mix of institutional XRP ownership. Large asset managers such as Goldman Sachs, who had previously reported positions exceeding $150 million in late 2025 and early 2026, have scaled back or exited their XRP-linked ETFs. During the same timeframe, new entities including Arax Advisory Partners, Gerber, Vista Finance, and Gallacher Capital became prominent holders, using vehicles such as the Franklin XRP Trust, various Bitwise funds, and the leveraged ProShares Ultra XRP ETF.
This shift reflects broader dynamics in the sector, as allocations migrate from major institutional players to a mix of midsized asset managers and family offices. The trend is supported by increased regulatory clarity and growing demand for innovative exposure to digital assets among professional investors.
Form 13F filings show only reportable securities holdings as of the end of each quarter and may not capture real-time trading activity, since these reports can be submitted up to 45 days after the quarter’s close.
Wall Street enters Web3 through tokenized assetsAlongside the adoption of crypto-linked ETFs, a significant transformation is unfolding as Wall Street channels more attention and capital toward Web3 and tokenized real-world assets. While monitoring technical patterns and ETF flows, investors are increasingly turning to platforms such as 1stepSwap, which allow users to hold shares of major U.S. companies, gold, and silver directly in their crypto wallets. This approach eliminates intermediaries by tokenizing real-world assets and using smart algorithms to source the best market prices instantly.
For institutional and retail clients alike, the ability to access a diverse set of assets through tokenization signals changing preferences in portfolio construction and risk management.
BMO’s disclosure underlines the ongoing evolution of the sector, as Canadian banks and global asset managers look for regulated, strategically sound avenues to participate in digital and tokenized assets. Although these positions are still small when compared to their broader portfolios, they signal a cautious yet meaningful integration of crypto-focused products into traditional financial management.
National Bank of Canada and BMO’s use of regulated ETF products also demonstrates an industry-wide preference to minimize custody and compliance challenges while capturing some upside from cryptocurrency markets.
As the landscape for digital asset investment continues to evolve, further shifts in institutional allocation are expected to emerge in upcoming filings.
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 bridge operating between the XRP Ledger (XRPL) and the tx network was halted after a critical security vulnerability in the software was exploited. The attacker created bridged XRP without any actual XRP deposits, making it appear as valid deposits, and then withdrew the real XRP from the bridge’s reserve.
According to a statement by the tx team, the attack occurred on August 9th. Due to an error in the bridge’s investment detection mechanism, some transactions were recorded as successful deposits by the system even though no XRP reached the bridge address on the XRP Ledger.
Fake XRP Balances Created The attacker exploited this vulnerability to create bridged XRP balances on the transaction chain that were not actually collateralized. These unbacked balances were then used to withdraw real XRP from the bridge reserve on the XRP Ledger.
The tx team made the following statement regarding the incident:
“The bridge software incorrectly recorded transactions as investments that didn’t actually deliver any XRP to the bridge, and minted bridged XRP on the tx chain in return. The attacker then used these unbacked balances to withdraw real XRP from the reserve.”
The company also stated that the bridge in question underwent multiple internal and third-party security audits before being made available, but the attacker exploited a previously undetected vulnerability.
The amount stolen is estimated to be 200,000 XRP (approximately $200,000).
According to information shared by tx, the impact of the attack was limited to bridged XRP on the tx chain. Following the attack, it was stated that all bridged XRP in circulation is no longer backed one-to-one with actual XRP reserves.
Other bridged assets were reportedly fully secured.
The team also emphasized that tokens and user funds held on centralized exchanges, decentralized exchanges, or directly on the blockchain were not affected by the incident.
Following the detection of the incident, the bridge between XRPL and tx was shut down. It was reported that the security vulnerability was identified and the necessary corrections were made to the code that caused the vulnerability.
Other steps taken by the tx team following the attack include tracking the movement of stolen funds across different blockchain networks and working with blockchain forensics companies.
The company also announced that it has filed a formal complaint with the FBI Internet Crime Complaint Center (IC3), including all transaction records related to the attack and additional information that could help identify the attacker.
tx management stated that different options are being evaluated regarding how to compensate users affected by the incident.
The company stated that details regarding the compensation mechanism to be implemented and the timeline of the process will be shared in a new announcement to be made later.
However, tx announced that all available legal avenues will be pursued to identify and prosecute the attacker.
The XRPL-tx bridge will remain closed until security reviews and system upgrades are complete.
*This is not investment advice.
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XRP was built to solve a problem gold never could, according to Vet, a contributor to the XRP Ledger Foundation, an XRP Ledger dUNL validator, and co-founder of XRP Café. In a recent interview, he laid out why he believes the token’s core design gives it a role no previous asset has ever been able to fill.
Why Vet Compares XRP to Gold
Vet compares XRP to gold, calling both neutral assets that have no single issuer. “Gold is accepted everywhere,” he said, describing it as a neutral asset that “everybody can have and trust independently of a third party.”
But he was quick to point out where gold’s usefulness breaks down. Moving physical gold across borders is slow and difficult, and verifying its authenticity adds another layer of friction. “You put it into a vault,” he said. “If you want to make a payment with gold, it’s very, very difficult.”
Gold’s Trust, Without Gold’s Problems
Vet argues that native cryptocurrencies like Bitcoin and XRP inherit gold’s core properties, decentralization, no single issuer, universal trust, while removing the physical barriers that make gold impractical to actually use. XRP retains gold-like trust properties but settles transactions in just seconds, letting value move globally at internet speed while remaining fully verifiable. “Everybody can verify it’s real XRP,” he said, calling that combination something that “has never existed before.”
How XRP Functions as a Bridge
According to Vet, the XRP Ledger puts these properties to work through a specific mechanism. The XRP Ledger has a built-in feature called auto bridging to improve liquidity, a system that connects different currencies based on their available liquidity, using XRP as the connecting asset in the process.
He explained why XRP specifically fills that role rather than any other token on the ledger. As a neutral, jurisdiction-free asset, XRP can be held and transacted without censorship, making it a natural fit for bridging currencies that otherwise wouldn’t connect efficiently.
A Familiar Comparison From Traditional Finance
To make the concept easier to grasp, Vet compares XRP’s bridge role to how the dollar works in traditional finance. Just as holding US dollars gives someone a stable, widely accepted position from which to convert into British pounds, euros, or yen, XRP is designed to serve a similar function within crypto markets, sitting in the middle as a liquidity bridge between otherwise disconnected currencies and assets.
Story Ends Here
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TLDR: XRP futures open interest reached 435.1M on Binance, pushing its 30-day Z-Score to about 1.20. A Z-Score above 1.0 shows above-average open interest, not necessarily a bullish direction. XRP Ledger wallets holding over 1M tokens grew by 32 in three months, Santiment data shows. RLUSD has grown into a key institutional stablecoin while XRP trades near $1.00 to $1.02. XRP open interest on Binance remains elevated even as the token’s price continues to soften, data shows. Open interest in XRP futures contracts has reached roughly 435.1 million XRP, well above the 30-day moving average near 403.6 million XRP.
The gap has pushed the Open Interest Z-Score to about 1.20, a level that points to derivatives activity running above typical ranges.
XRP traded near $1.01 at the time of writing, reflecting continued price weakness despite this elevated positioning.
Source: Coingecko
Open Interest Data Points to Active Derivatives Positioning The standard deviation for XRP open interest over the past 30 days stands at approximately 26.3 million XRP. Measured against this range, current open interest sits more than one standard deviation above the recent average.
This places the Z-Score reading at roughly 1.20, a figure traders often watch for shifts in derivatives behavior. A high Z-Score does not automatically point to a bullish setup. The metric only tracks the volume of open positions on the exchange.
Source: Cryptoquant
It does not separate long positions from short ones in the underlying data. As a result, rising open interest can reflect added leverage on either side of the market.
Open interest staying above its average while XRP trades near $1.02 suggests speculative positioning has not eased.
Traders appear willing to keep contracts open even as spot prices soften. This pattern often signals that market participants expect a decisive move rather than continued drift.
The next stretch of price action will likely determine how these positions resolve. A rise in open interest paired with firmer prices could support renewed momentum for XRP.
A continued price decline alongside elevated open interest raises the risk of forced liquidations, particularly if selling pressure accelerates.
Large XRP Wallets Keep Accumulating During the Downturn Santiment Intelligence noted that XRP Ledger wallets holding over one million tokens added 32 new wallets over three months.
The addition of large-holder wallets during this stretch came alongside a 29% decline in market capitalization.
XRP has traded near $1.00 through much of the summer, with performance described as underwhelming. Ripple’s RLUSD stablecoin, trading around $0.99, has expanded into a notable presence within institutional stablecoin markets during the same period.
Ripple’s broader infrastructure continues to support settlement activity on the Ledger. Payments, custody, and tokenization services remain tied to ongoing use cases for XRP. This network activity persists independent of short-term price swings in the token.
Growth in million-XRP wallets during a market cap decline often signals accumulation by larger holders. Trading volume over the past 24 hours reached $905,040,648, alongside a 1.76% price drop for the day. The seven-day decline for XRP stands at 6.07% as of writing.
XRP futures open interest on Binance has climbed to 435.1 million tokens, with the 30-day Z-Score rising to approximately 1.20, signaling heightened derivatives activity even as XRP’s spot price lingers near $1.00 to $1.02. Despite the elevated level of speculative positioning, the token’s price continues to face downward pressure.
Derivatives market signals elevated positioningCurrent open interest on Binance surpassed its 30-day moving average of 403.6 million XRP by more than one standard deviation. The standard deviation over the period measures about 26.3 million XRP, placing the Z-Score at 1.20 and highlighting increased positioning relative to average volume.
A Z-Score above 1.0 suggests a significant departure from typical open interest levels but does not clarify whether those positions are long or short. Rather than predicting a bullish reversal, the Z-Score solely reflects the quantity of open contracts, which can rise as traders boost leverage on either side of the market.
XRP’s drift between $1.00 and $1.02, despite persistent interest in futures contracts, points to continued speculation and unresolved directional conviction among market participants.
Market data indicate that XRP’s open interest on Binance remains elevated even as the spot price has declined, suggesting traders are preparing for significant price moves while maintaining substantial leveraged positions.
If open interest remains high during price drops, the market faces an increased risk of liquidations, especially if downside volatility strengthens. A simultaneous rise in both open interest and price, however, could signal renewed momentum for XRP.
Large holders increase XRP accumulationAccording to data from Santiment Intelligence, XRP Ledger wallets holding more than one million tokens rose by 32 over the last three months, coinciding with a 29% market cap decline. This development highlights accumulation by larger entities during market weakness.
Despite subdued price action through the summer, Ripple’s RLUSD stablecoin has become increasingly prominent among institutional investors, trading close to $0.99. The stablecoin has carved out a key role in digital asset markets as broader market participants seek reliable settlement assets.
Ripple’s infrastructure continues to support network settlement, custody services, and tokenization despite XRP’s muted performance. Market observers often monitor the growth of large XRPL wallets as a potential signal of ongoing interest from major holders.
Santiment Intelligence reported that the addition of 32 wallets with over one million XRP underscores ongoing wallet growth among large holders, even as market capitalization declined.
Tokenization trends and market innovationInstitutional and retail interest in real-world asset tokenization continues to grow as investors seek diversified exposure and efficiencies outside traditional financial channels. While analysts watch indicators like open interest Z-Scores and accumulation patterns for potential directional shifts, trading platforms are evolving quickly to meet new demands.
Reflecting a major change in how markets operate, Wall Street’s transition to Web3 has enabled investors to hold tokenized shares of major U.S. companies, gold, and silver directly in crypto wallets. Platforms such as 1stepSwap are facilitating these trades by automatically accessing the best prices in seconds and eliminating intermediaries, accelerating access and cost efficiency for digital asset holders.
Over the last 24 hours, XRP trading volume reached $905 million, with the token showing a daily loss of 1.76% and declining by more than 6% in the past week. As both traditional and digital assets become more integrated across tokenized platforms and as large holders continue to accumulate, the market remains poised for significant future 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.
Pi Network price hovered above $0.088 on Wednesday as softer inflation data and Protocol 26 supported renewed market interest. PI gained 2.34% over 24 hours, outperforming the mostly flat cryptocurrency market.
Bitcoin price was trading at over $64,400, and Ethereum was close to $1,888. XRP price remained around $1.00 as improving economic sentiment encouraged traders to explore riskier digital assets during Wednesday’s session.
PI remains over 95% below its February 2025 peak, despite the latest improvement.
Softer CPI Data Lifts Cryptocurrency Sentiment Inflation in the United States had cooled in July, boosting hopes that the monetary environment would get more favourable to speculative markets. The Consumer Price Index has risen 0.1% every month and 3.4% every year according to official data.
The annual reading fell to 3.5% in June and this is an indication that the pace of price pressures was gradually cooling. Core CPI improved by 0.2% per month, and core inflation was 2.5% per year.
BREAKING: September pause odds just jumped to 64%, up from just 30% a month ago.
The shift happened fast. A week ago, odds were just 45%.
This lines up exactly with today’s cooler CPI print. Headline inflation rose just 0.1% in July and slowed to 3.4% year over year, down from… https://t.co/6LjfhI9nmJ pic.twitter.com/PnehGY6rkH
— Bull Theory (@BullTheoryio) August 12, 2026
The lower inflation can decrease the pressure on the Federal Reserve to keep interest rates restrictive over a longer period. Liquidity and higher demand of cryptocurrencies and other riskier investments are more likely to be met by easier policy expectations.
Protocol 26 Upgrade Supports Pi Network Outlook The August 11 deadline of Pi Network meant that Mainnet node operators had to get Protocol 26 completed. Those operators not having reached that deadline were disconnected to Mainnet until they installed the necessary software.
By Wednesday, no network interruptions had become popular. But the Pi Core Team had not indicated the number of operators who had undergone the upgrade
Observers have no official participation numbers on which to base their measurements of adoption at the node infrastructure of Pi Network. Stable Mainnet activity, however, alleviated immediate fears regarding operational issues after the deadline.
Protocol 26 enhances the safety of smart contracts, cryptography tools, state management, and interoperability.
The update also lays the groundwork to Protocol 27, which finishes the series of planned protocol changes.
Pi Network Price Prediction Is a Rally Toward $0.10 Next? The Pi Coin price traded near $0.0880 after defending the important $0.085 support level. PI was under $0.090 as traders evaluated the Protocol 26 upgrade.
The four-hour set-up reveals PI is consolidating between $0.085 and $0.090. The RSI is 49.05, which represents a neutral momentum. Meanwhile, the MACD line crossed above its signal line, suggesting bearish pressure is weakening.
Source: TradingView An established breakout of over $0.090 would drive the future Pi Coin outlook towards $0.095. Good momentum beyond that point could clear the way to $0.10. Nonetheless, a loss of 0.085 may reveal the lower support area of $0.080-$0.082.
