Key TakeawaysBest Altcoins to Buy in August 20261. Bullski ($BULLSKI)2. Ethereum (ETH)3. XRP4. Cardano (ADA)5. Chainlink (LINK)6. Hedera (HBAR)The Numbers Bullski Fixes Before It ListsHow Altcoins Are Priced Against BitcoinStarting a Position at the Opening RungAltcoin Questions People AskWhich altcoin has the best chance in 2026?Are altcoins better than Bitcoin right now?What is the cheapest altcoin on this list?How many altcoins should someone hold?For More Information Ethereum and XRP are the two biggest altcoins on the list, worth about $226.0 billion and $63.7 billion on August 10, 2026. Bullski is the only one of the six not yet listed, so its price comes from a published stage rather than a chart. Its sale runs sixteen priced steps from $0.00001 up to a $0.0025 listing reference. Every coin here sits below its record high, some of them by a very wide margin. The best altcoins to buy in August 2026 fall into two groups. Five of the six here trade every second of the day. One does not.
Bullski ($BULLSKI) is still selling at a price the project sets, $0.00001 on stage 1, while the others carry whatever number the market handed them this morning. Before the list starts, you can open the Bullski presale page and see the live rung for yourself.
Bullski goes first because it is the one entry still priced by a schedule. The rest follow by market cap.
1. Bullski ($BULLSKI) Bullski takes the meme coin idea and puts a timetable on it. The token is an ERC-20 on Ethereum with 120 billion units and a hard cap. Its 16-stage sale is on the first rung right now, priced at $0.00001, with $0.000015 waiting at stage 2.
What a buyer gets here is a known cost. The last rung meets a $0.0025 listing reference, so the whole price path is written down in advance. Nothing on the rest of this list can offer that, because their prices are already discovered.
The trust checks are open to anyone with a browser. Etherscan lists the contract as verified, an audit is under way rather than finished, and the pool of liquidity gets locked at launch. Staking pays during the sale and referrals pay on top.
The plain drawback is that you cannot sell until it lists.
2. Ethereum (ETH) Ethereum traded at $1,872.98 on August 10, 2026, for a market cap of roughly $226.0 billion. Its record was $4,946.05 in August 2025. It is the settlement layer under most tokens, Bullski included, so demand for block space is real demand.
Cheaper rival chains remain its main squeeze.
3. XRP XRP sat at $1.02 that day for about $63.7 billion, against a $3.65 high in July 2025. Its niche is cross-border payments between institutions, which gives it a use most altcoins lack. Policy headlines still move it more than transaction volume does.
4. Cardano (ADA) Cardano was $0.195 for a $7.28 billion cap on the same date, far under the $3.09 it reached in September 2021. Its research-led build is careful and slow. That care is also why it lost ground to faster chains while it worked.
5. Chainlink (LINK) Chainlink traded at $8.26 for a cap near $6.18 billion, per CoinGecko, well below its $52.70 peak in May 2021. It feeds outside data to smart contracts, and plenty of large projects depend on it. Its problem is that this useful job does not always show up in the token price.
6. Hedera (HBAR) Hedera changed hands at $0.068 for roughly $2.98 billion, against $0.5692 in September 2021. Its council of large companies gives it an enterprise angle few chains have. The counterweight is that enterprise adoption arrives slowly and quietly.
The Numbers Bullski Fixes Before It Lists Three numbers are locked in already. The supply is capped, so dilution cannot happen later. The stage prices are published, so nobody pays a surprise figure.
The listing reference is stated, so the distance from entry to that mark is easy to read.
Add staking and referral rewards and the position does something during the sale instead of just sitting there. The full 16-stage price ladder is on the official site if you want to see each step in order.
Watch Out: Only buy through the official site. Copycat pages have shown up around this sale, and an independent review of the live presale is a sensible read before you send anything.
How Altcoins Are Priced Against Bitcoin Altcoins tend to move after Bitcoin, not with it. Money rotates down the size ladder once the largest coin steadies. August 2026 has been flat, with most of this list down about 1 to 2 percent in a day.
Flat stretches are when buyers set up, and our earlier note on the best crypto to invest in for 2026 made the same point in June.
Size decides how far a move travels. Ethereum at $226.0 billion has to attract enormous new money to double. Hedera at $2.98 billion needs a fraction of that.
Neither figure predicts anything on its own, but the arithmetic explains why buyers hold big names for stability and small ones for movement.
A presale sits outside that scale entirely. There is no cap to compare, because no coins have traded. What you can compare is the entry price against the stated listing reference, and both of those numbers are printed before you commit anything.
Altcoin
Price on August 10, 2026
Market cap
Distance from record high
Bullski ($BULLSKI)
$0.00001, stage 1 of 16
Not listed yet
No history, presale pricing
Ethereum (ETH)
$1,872.98
$226.0 billion
$4,946.05 in August 2025
XRP
$1.02
$63.7 billion
$3.65 in July 2025
Cardano (ADA)
$0.195
$7.28 billion
$3.09 in September 2021
Chainlink (LINK)
$8.26
$6.18 billion
$52.70 in May 2021
Hedera (HBAR)
$0.068
$2.98 billion
$0.5692 in September 2021
Starting a Position at the Opening Rung Anyone building an altcoin basket usually wants one slot that is not priced like the others. A sale still on its first step is exactly that shape.
The process is short. Load an Ethereum wallet with ETH or USDT, go to the official site, read the stage shown on the page, then pick up $BULLSKI while stage 1 is open. Stake it the same day if you want rewards running.
Keep the amount modest, because early-stage buying is the speculative end of any basket.
Altcoin Questions People Ask Which altcoin has the best chance in 2026? Ethereum has the strongest base of real usage among the traded names. For upside from a smaller start, buyers look at coins that have not been repriced yet, which is where the Bullski sale sits at $0.00001.
Are altcoins better than Bitcoin right now? They are different jobs. Bitcoin is the deepest and calmest market. Altcoins carry more risk and tend to move further in both directions once money rotates into them.
What is the cheapest altcoin on this list? Bullski, at $0.00001 in stage 1. That is not a market price though, it is the published price for the current rung of a sixteen-step sale.
How many altcoins should someone hold? A handful you can actually follow beats a long list you cannot. Most buyers keep two or three larger names and one or two early-stage positions.
For More Information Website: Visit the official Bullski website at bullski.io
Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial
X (Twitter): Follow Bullski on X at x.com/bullskicoin
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Jim Ferraioli (@jimferraioli), Director of Digital Currencies Research and Strategy at the Schwab Center for Financial Research, has offered a pointed view on how major blockchain networks are carving out distinct roles in crypto. Speaking on the Thinking Crypto podcast, he said the XRP Ledger is making the shift from a payments network to more of a stablecoin transaction network.
Each chain finds its niche Ferraioli discussed how different blockchain networks are specializing in distinct use cases as the crypto industry consolidates, noting that he thinks everyone is going to find their niche. In his framework, Ethereum remains the dominant general-purpose smart-contract blockchain for tokenized real-world assets, while Solana aligns more with active trading due to its high transaction throughput. Tron, meanwhile, was described as a pure stablecoin play. The comments reflect a broader institutional view that blockchain competition is increasingly about specialization rather than winner-takes-all dominance.
$RLUSD supply tilts toward XRPL On-chain data backs up Ferraioli's characterization. @Ripple has gradually shifted its attention to the XRP Ledger by reducing $RLUSD supply on Ethereum and increasing it on XRPL, achieved through large token burns on Ethereum alongside substantial minting activity on the XRP Ledger. The shift marks a significant change from RLUSD's launch in December 2024, when most of the stablecoin's supply was on Ethereum.
$RLUSD supply on the XRP Ledger overtook Ethereum on June 26, 2026, and has held the lead since. As of July 11, the XRP Ledger held about 863.2 million RLUSD versus Ethereum's 676.1 million, a 56.1% to 43.9% split, according to DefiLlama on-chain data. Current figures cited in the original report place $RLUSD supply at $818 million on XRPL against $681 million on Ethereum, with the roughly $1.5 billion total shrinking since June as Ripple continued burning on Ethereum and minting on XRPL. With XRPL now holding the largest share of the RLUSD supply, the data provide a concrete example of the stablecoin-focused evolution Ferraioli described.
Sources:
The Crypto Basic: Charles Schwab Crypto Exec Says XRP Ledger Is Evolving Into a Stablecoin Network
TheStreet Crypto: RLUSD supply on XRP Ledger vs. Ethereum breakdown
The Crypto Basic: XRP Ledger Processes $4.28B in Stablecoin Transfers as RLUSD Dominance Grows
Coinglass data shows 78,008 traders were liquidated in the past 24 hours for $171.82 million. SoSoValue data shows net outflows of $144.7 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $14.6 million. In the past 24 hours, top losers include Audiera, Virtuals Protocol and ether.fi. Notable Developments:
Bitcoin’s Biggest Rival Isn’t Ethereum. It’s the AI Trade Bitcoin Miner Riot Platforms Could Rally 80% as AI Deal Creates ‘Clear Scale Up Path:’ Bernstein Why Haven’t Bitcoin, Ethereum Moved in Weeks? Technical Analysis May Have the Answer Coinbase Exec Says Bitcoin’s Downturn Is Part of Its Adoption—But That Won’t Lift Price, Analysts Warn Robinhood Expands UK Crypto Ecosystem With Trading and AI Tools Arthur Hayes Backs Bitcoin, Says US Will Have to ‘Print Trillions’ to Save the Yen Trader Notes:
Swing trader Roman Trading suggests accumulating Bitcoin at current levels to spread risk. He argues buyers could be rewarded even if the bottom is not in and that shorting carries greater risk than going long.
Trader Cantonese Cat sees Bitcoin’s bullish divergence suggests the downtrend is losing momentum, potentially limiting further downside, though it does not guarantee a trend reversal.
Trader KillaXBT argues Bitcoin may avoid an “extreme bear” phase this cycle because the preceding bull market never reached overheated or euphoric conditions.
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XRP's price is currently just above the psychological $1 mark, effectively invalidating one of its most significant support structures of 2025. The decline is particularly noteworthy because it occurs while XRP Ledger activity is still comparatively high. After dropping below the $1.05-$1.07 range that had consistently offered support during the most recent consolidation, XRP is currently trading at about $1.006.
Short-term picture isn't yet clearThe short-term moving average, which is currently close to $1.065, strengthened this region. Rather than recovering it, XRP has kept generating lower highs and lower lows. The obvious next issue is that $1 is now the first line of defense. A persistent break below $1 would be more significant than another typical daily decline.
XRP/USDT Chart by TradingViewThere isn't much obvious support for XRP below the current price. If selling picks up speed, the next possible demand area is around $0.95, followed by roughly $0.90. Moving averages support the negative framework. While the larger averages sit significantly higher at roughly $1.178 and $1.370, XRP stays below the averages near $1.065 and $1.082.
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Since they are all positioned above the market, any attempt at a recovery will face several levels of resistance. Additionally, momentum is declining. The daily RSI has dropped to about 34.2, which is close to oversold territory but not quite at the traditional 30 threshold. This allows for more declines before XRP becomes technically stretched.
Network remains activeIt's interesting to note that the weakness does not seem to be caused by declining network participation. According to XRP Ledger data, there were roughly 207,028 active users on August 10. In general, activity has increased from about 100,000–120,000 users in the middle of July to about 200,000 or more recently.
As a result, there is an obvious discrepancy between market performance and network usage. Spot demand has not increased enough to stop XRP's decline despite more active users. Although network activity can bolster a longer-term fundamental argument, it does not ensure that the token will appreciate right away.
For XRP, the first significant indication that the most recent breakdown is being contested would be the recovery of $1.065–$1.082. Until then, the technical structure remains very bearish, with $1 being much more significant now that the previous support zone has failed.
XRP price is facing fresh selling pressure, falling 3.44% to around $1 over the past 24 hours and extending its weekly loss to 6.4%. The drop comes as ETF demand slows, network activity cools, and heavy long liquidations add more pressure.
With U.S. inflation data approaching, traders are now watching whether XRP can defend $1.
XRP ETF Inflows Suddenly StopOne of the main reasons behind today’s XRP price drop is the slowdown in spot XRP ETF demand.
According to Sosovalue, XRP ETFs recorded around $3.45 million in net inflows on August 6. However, the latest data shows zero daily net inflows on August 7 and August 10, pointing to weaker fresh buying demand.
The decline is also visible in total net assets, which fell from about $993.38 million on August 5 to $950.05 million on August 10.
With less money entering XRP ETFs, the market has less buying support during periods of heavy selling.
XRP Ledger Activity Drops 44%XRP is also seeing weaker network activity. XRP Ledger transactions fell from around 2.81 million on August 5 to 1.57 million on August 9, marking a decline of about 44%. The drop suggests that network activity and demand have cooled in recent days.
$8.45M XRP Liquidations Hit Long TradersThe derivatives market has added another layer of pressure. According to CoinGlass data, around $8.45 million worth of XRP positions were liquidated over the past 24 hours. Long positions made up $8.25 million, or 97.55%, while short liquidations stood at just $207,044.
These forced closures increased selling and pushed the price lower, creating more pressure on other leveraged traders.
XRP Whales Are Still Buying the DipDespite the decline, XRP whales appear to be using the lower price levels to increase their holdings. Whales added around 380 million XRP in one week, taking their total holdings to roughly 8.1 billion tokens, or about 13% of the total supply.
Yet XRP price remains around $1 while trading below several declining moving averages.
What’s Next for XRP Price?Now all eyes on the 12 August U.S. CPI inflation report. Investors are reducing risk ahead of the key data, which could affect expectations for U.S. interest rates and broader crypto demand.
From a technical view, XRP recently closed its weekly candle at $1.09 after breaking a key price floor that had held for nearly two years.
For now, $1 remains the key support level. If XRP holds above it, the token could enter a consolidation phase. However, a break below $1 could open the way toward $0.94.
Story Ends Here
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11 August 2026 | 11:11 XRP has returned to the area that marked its 2026 low. The token slipped to roughly $1 on August 10, marginally below the June 26 bottom near $1.01 and its weakest level since mid-November 2024. An initial recovery toward $1.02 faded quickly, with XRP back near $1.0038 on August 11.
Key Takeaways XRP is testing whether its yearly bottom can survive. Spot and futures flows still favor sellers. Long liquidations are adding to the decline. Bulls still need a broader technical recovery. XRP Is Testing Its 2026 Low The June low near $1.01 had held as XRP’s lowest point of the year until this week’s move briefly pushed beneath it.
A wick below $1 would not settle the question. A sustained move under the level would carry much more weight, with the next visible support sitting around $0.93.
The daily RSI is down to 33.9 but has not yet crossed below 30. XRP is approaching oversold territory, though the indicator still leaves room for sellers to press further.
XRP defending key support levels and testing moving averages, currently trading lower. The 50-Day SMA Is the First Repair Target The damage is also visible higher on the chart.
XRP has broken below the rising trend line that supported the June-July recovery and remains under the 50-day SMA, now around $1.081. The moving average itself has started turning lower.
Holding the current low would stop the immediate decline from extending, but it would not repair the chart on its own. A move back above the 50-day SMA would be a stronger sign that buyers are regaining some of the ground lost during the selloff.
The order-flow data helps explain why that recovery has been difficult so far: active selling remains stronger in both spot and derivatives markets.
Spot Flows Still Lean Toward Sellers CoinGlass data shows negative XRP spot flow across every window in the snapshot.
Over 24 hours, inflows totaled $66.65 million against $76.17 million in outflows, leaving net flow at -$9.52 million. The imbalance reaches -$19.96 million over three days, -$32.26 million over five days and -$47.19 million over seven days.
XRP is therefore testing major support without a clear pickup in aggressive spot demand. The imbalance is considerably larger in derivatives.
A Long Flush Is Adding to the Selloff XRP futures recorded net flow of -$78.63 million over 24 hours, widening to -$98.94 million over three days, -$163.03 million over five days and -$261.97 million over seven days.
At 03:00 on August 11, when XRP was near $1.0039, CoinGlass recorded about $2.11 million in long liquidations against only $56,850 in shorts.
The skew confirms that a long flush was underway as XRP pressed into support. It does not account for the entire multi-day futures imbalance, but forced exits are clearly adding to the selloff rather than the move coming only from traders opening fresh shorts.
If $1 gives way while that deleveraging continues, forced selling could accelerate the breakdown.
Funding Has Not Fully Reset Despite the long-liquidation spike, XRP’s open-interest-weighted funding rate was still positive at 0.0045% in the same snapshot.
Some long bias therefore remained in the perpetual market even after leveraged buyers had already taken losses.
Funding can change quickly during a sharp move, so a single reading should not be stretched too far. But if it remains positive during another move lower, there could still be vulnerable long exposure left to unwind.
A cooler funding rate while buyers hold the current support would offer a healthier sign that some of the excess leverage has been cleared without triggering another leg down.
$1 Separates the Two Scenarios XRP is now sitting at the point where the decline either stabilizes or starts damaging the year’s broader price setup.
A confirmed break below $1 would remove the support that stopped the June selloff. That risk is reinforced by negative spot flows, heavier futures selling and a liquidation skew that has already punished leveraged longs.
A successful defense would keep the yearly low intact, but buyers would still need to recover the technical ground lost during the decline before the chart starts looking healthier.
For now, the burden is on buyers. Holding $1 keeps the recovery case alive; losing it would leave sellers in control.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and readers should conduct their own research before making any investment decisions. Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
National Bank of Canada just revealed that it holds millions of dollars in crypto ETFs, such as an XRP ETF, and several Bitcoin ETFs, in its latest SEC Form 13F filing. The disclosure follows the Grayscale’s XRP Trust ETF reports considerable XRP sales in the initial half of 2026.
National Bank of Canada Reports XRP ETF, Bitcoin ETF Holdings The filing reveals that National Bank had 3,848 shares in the Bitwise XRP ETF, worth about $330,000 at the date of the filing. It was announced in conjunction with the bank’s investments in several Bitcoin exchange-traded products.
The largest exposure to cryptocurrencies that National Bank reported was in the ProShares Bitcoin ETF, which consisted of 42,321 shares valued at about $5.31 million.
The bank also owned 55,644 shares of the Fidelity Wise Origin Bitcoin Fund worth approximately $1.09 million. It had 6,831 shares of the Grayscale Bitcoin Trust ETF, representing around $150,000 in Grayscale Bitcoin exposure.
The submission also revealed 2,596 shares of the Grayscale Bitcoin Mini Trust ETF with a reported value of approximately $100,000.
The combined value of the disclosed holdings in both XRP and Bitcoin is approximately $6.98 million, as per the filing’s values.
Grayscale XRP ETF Sells $180M In XRP The institutional disclosure follows Grayscale’s XRP Trust ETF disclosure of massive XRP sales.
According to recent filings, Grayscale has sold $180.78 million worth of XRP in the first half of 2026. These transactions were comprised of approximately 103.41 million XRP to satisfy investor redemptions.
The sales also impacted the trust’s NAV since the price of XRP has been falling during the same time. Grayscale reported over $34 million of realized losses on the sale of XRP.
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Two days after the incident, it emerged that the Coreum cross-chain bridge lost around 200,000 XRP during a 97-minute attack. Initial theories on social media linked the incident to a vulnerability in the XRP Ledger's "rippling" function.
However, an analytical report from xrpl.to showed that the bridge effectively robbed itself by blindly trusting the attacker's transactions.
How 200,000 XRP got lostNative XRP has no issuer or trust lines, so rippling is technically impossible for it. Moreover, every malicious payment was signed using the bridge's own legitimate multisignature, with a quorum of 17 out of 28 relayer keys, or validators. The hacker did not compromise the keys but simply created the illusion of a deposit for the validators.
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First, the attacker moved their own wrapped tokens, or wrapped-CORE, between wallets they controlled, with a memo containing transfer details for Coreum attached to these transactions. Because the wrapped tokens had been issued by the bridge itself, the transfers appeared in its transaction history without any problems.
Transaction mechanism analysis of the Coreum bridge exploit on the XRP Ledger, Source: xrpl.toThis was where the system's blind spot came into play. The relayer operators checked only whether a transfer had occurred and what was written in the memo field, while completely ignoring the recipient address.
A check confirming that the funds had actually been sent to the bridge's wallet had simply never been added to the relayer code.
As a result, Coreum accepted the fake deposits and credited the hacker with a balance on its network. The attacker then requested a regular withdrawal, and the validators signed the transactions sending 200,000 real XRP from the bridge's XRPL wallet without hesitation.
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The team responsible for the bridge's security has a long history of rebranding. It initially created the Sologenic (SOLO) project on the XRPL, then launched its own Layer 1 blockchain, Coreum, and in March 2026 merged both ecosystems under the U.S. brand TX, focused on the tokenization of real-world assets (RWAs).
The fact that a regulated U.S. company claiming institutional status could make such a basic mistake in its cross-chain verification logic damages TX's reputation more than the amount lost.
It moves the question of who is to blame from the realm of a random bug to that of systemic quality control within the company.
What is happening to the tokens now?At the time of writing, the TX team had still not released an official post-mortem report. The Coreum bridge remained completely suspended.
The hacker's identity remains unknown, but on-chain trackers are already seeing a classic attempt to cover their tracks. The stolen XRP is being rapidly distributed through a chain of transit wallets that were created a month and a half before the attack.
Bitcoin’s price adventure above $65,000 came to a halt yesterday evening as the asset was rejected and driven south by approximately $1,500 to under $64,000.
Several larger-cap altcoins have followed suit, including ETH, which has dropped below $1,900, and XRP, which is just inches away from slipping below $1.00 for the first time since November 2024.
BTC Halted at $65K The primary cryptocurrency slumped at the beginning of the previous week as well, going from $63,800 to a monthly low of $62,200 within hours before it finally found some support. It erased the losses immediately and even jumped past $64,000 a day later. Its gradual ascent continued for a few days to $65,000 before the CLARITY Act’s latest setback in the US Senate sent it south toward $64,000.
However, that support held, and the weaker US jobs data on Friday resulted in another leg up to $65,400. BTC failed to overcome that level, though, and calmed at around $65,000 for the weekend. It didn’t really make a move for the next 48 hours before it tried a minor breakout on Monday, which was stopped at $65,400 once again.
This time, though, the bears were more persistent and drove the cryptocurrency south to $63,800 as Peter Schiff used the opportunity to urge investors to sell. BTC didn’t dip any further and now sits at around $64,000 once again.
Its market cap has dropped below $1.290 trillion, while its dominance over the alts sits above 57% on CG.
BTCUSD August 11. Source: TradingView XRP, PI, ADA Drop Ethereum is down by 2.5% in the past day and now struggles below $1,900. Ripple’s native token is among the poorest performers lately, and it has dipped to a 21-month low at inches above $1.00. It’s now agonizingly close to breaking below that coveted level. ZEC has dumped by almost 5% to under $490, while ADA is below $0.19 after a 4% decline.
In contrast, BNB, TRX, HYPE, DOGE, RAIN, XMR, and LINK have marked some gains within the same timeframe. MNT is up by over 6%, while WLF has gained more than 4%.
Pi Network’s native token has dropped below the $0.09 support after another near-5% daily crash.
The cumulative market cap of all crypto assets has erased around $40 billion since yesterday and is down to $2.250 trillion on CG.
Cryptocurrency Market Overview August 11. Source: QuantifyCrypto Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Nearly 200,000 XRP was drained from the Coreum XRPL bridge on Aug. 9 after an attacker appears to have exploited a flaw in its relayer logic, rather than a vulnerability in the XRP Ledger itself.
Summary
Nearly 200,000 XRP left Coreum’s bridge in 94 signed payments during a 97 minute attack. Blockchain analysis found 17 of 28 relayer signatures authorized each XRP payout from the bridge. Relayer code processed successful payments with bridge memos without verifying the payment destination address first. XRPL documentation confirms native XRP has no trust line, contradicting the initial rippling explanation directly. Coreum had not published an official incident report by Tuesday while the bridge remained halted. On chain analysis published Aug. 11 traced 199,916.3 XRP leaving the bridge account through 94 payments over 97 minutes.
The bridge held about 200,410 XRP before the sequence began at 19:16 UTC. By 20:53 UTC, its balance had fallen to 493.5 XRP. Every outgoing XRP payment carried the bridge’s own multisignature authorization, with 17 signatures from its 28 relayer keys. The evidence does not indicate that those keys were stolen.
Coreum bridge drained of XRP, source: XRPL.to XRP bridge relayers mistook self payments for deposits The attack appears to have targeted how Coreum’s relayers interpreted transactions. The attacker first moved the bridge’s own wrapped Coreum token between wallets under their control while attaching a memo formatted for the bridge. Those transactions appeared in the bridge account’s history because the account issues the wrapped token.
The public relayer code checks whether a payment succeeded, extracts a Coreum recipient from its memo and reads the delivered amount before submitting deposit evidence. However, the published processing flow does not compare the payment’s destination with the bridge address. That allowed wallet to wallet transfers carrying the right memo to be interpreted as deposits.
XRPL.to found that 21 relayers attested the attacker’s first phantom transaction. Once enough matching evidence reached the Coreum contract, the system credited balances that were not backed by real deposits. The attacker then used the bridge’s normal withdrawal process, prompting its relayers to authorize real XRP payments.
The pattern resembles a wider bridge security problem discussed in recent security coverage: cross chain systems can fail even when their underlying blockchains remain secure if the mechanism verifying events on another chain accepts incorrect information.
XRP Ledger data contradicts the rippling theory An initial warning blamed “rippling” and the bridge account’s DefaultRipple setting. The later transaction analysis rejected that explanation. XRP Ledger documentation states that rippling applies to issued assets held through trust lines. Native XRP does not use those trust lines.
The transaction record provides another distinction. XRPL.to attributed all 199,916.3 XRP removed from the account to payments signed by the bridge itself and found no XRP leaving through a rippling route. It also found that the transactions were not partial payments.
The incident therefore does not currently point to an XRP Ledger consensus failure. That distinction is relevant after developers recently strengthened review of XRPL software and proposed features, as covered in previous software audit coverage. The Coreum incident instead centers on software connecting two independent networks.
Stolen XRP moves onward as bridge stays halted The two initial receiving wallets forwarded nearly all the XRP within hours. XRPL.to traced roughly 169,000 XRP into two staging accounts created on June 28, with another roughly 34,000 XRP moving toward three other wallets. The analysis has not identified the attacker.
No further XRP left the bridge after 20:53 UTC on Aug. 9. Its account made one additional wrapped token transaction early the next morning before going silent, while the bridge contract was subsequently reported halted. Coreum had not published an official post incident account when the Aug. 11 analysis was released.
The bridge’s own specification allows any relayer or the contract owner to halt operations when unexpected behavior occurs, while only the owner can resume them. The next steps to watch are a formal incident report, remediation of the destination verification flaw, any recovery efforts involving the transferred XRP and a decision on when the bridge can safely reopen.
David Schwartz, chief technology officer at Ripple and one of the key architects of the XRP Ledger, weighed in strongly on the recent controversy surrounding the failed activation of Bitcoin Improvement Proposal 110 (BIP-110).
Bitcoin Knots faces criticism over chain split narrativeSchwartz delivered a pointed response to a statement by Bitcoin Knots, a Bitcoin node software project, after the group characterized the outcome of the BIP-110 attempt as an “attack” on the network. Chiding the project’s online post, Schwartz questioned the motives behind its messaging, stating that their remarks risked misleading people unfamiliar with the context.
“Is the point of this to embarrass yourselves or to mislead people who don’t understand the context? Regardless of how you feel about BIP-110, you should condemn this nonsense.”
Bitcoin Knots had asserted that the Bitcoin network was “under attack” and claimed block production had slowed sharply. The project advised users not to downgrade their software or switch to what it described as risky node alternatives, fueling debate in the developer community.
Details of the BIP-110 activation attemptCommunity members attached their own explanation to the Bitcoin Knots warning, stating that the network was not subject to an external attack. Instead, the controversial incident arose after BIP-110 failed to activate as a soft fork. This caused nodes running Bitcoin Knots and enforcing the proposal to split from the main Bitcoin blockchain.
The main chain with majority support continued functioning normally, unaffected by the split. Observers reported that the divergence took place at block 961,632. After the split emerged, the minority chain supporting BIP-110 quickly lagged, as miners overwhelmingly supported the main Bitcoin network.
At one point, the main Bitcoin chain reached block 961,681, while nodes enforcing BIP-110 remained stuck at block 961,633. The minority fork produced blocks at intervals of several hours, in contrast to Bitcoin’s average production time of roughly 10 minutes.
Response and next steps from Bitcoin KnotsDespite facing mounting criticism and minimal miner participation, Bitcoin Knots has maintained its stance. The group urged users who had downgraded their software to update to the newest version. Additionally, the team is developing a strategy to stabilize affected chain states, as they look to recover from the failed fork.
Bitcoin Knots also revealed plans to select a new proof-of-work algorithm through a deterministic random process as part of its future roadmap.
While a minority of participants continue to support the alternative chain, the majority of the Bitcoin community has remained aligned with the main network, ensuring ongoing stability and normal operations.
The incident prompted renewed focus on the importance of vigilant market monitoring and technical awareness in the digital asset industry. As such, user access to innovative platforms that bridge traditional finance and crypto ecosystems is increasingly valuable. 1stepSwap stands out as a practical solution, enabling direct transfers of real-world assets like major U.S. equities and commodities, such as gold and silver, onto the blockchain. With its design to rapidly source the most favorable prices in the market, the platform allows for simplified portfolio diversification and fast, cost-effective transactions without relying on intermediaries.
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.
Software engineer Vincent Van Code argued that many traders are overlooking the potential impact of the CLARITY Act in the cryptocurrency market. On X, Van Code commented that most retail traders have not grasped the scale of the legislation, which he believes could play an outsized role in shaping future market movements.
XRP and the CLARITY ActVan Code has focused his analysis on XRP, the digital asset associated with Ripple. He referred to the CLARITY Act as a significant long-term signal for public XRP-based services. In his view, this legislation could open up real opportunities for liquidity provisioning, creating sustainable demand for XRP rather than just a short-term increase in price.
He outlined two distinct scenarios. If the CLARITY Act fails to progress, Van Code predicted that market activity will continue as before, but the key phase of accumulation is likely several months away. Conversely, if the legislation advances, the groundwork for broader adoption could be established sooner, creating a fundamentally different outlook for those looking to enter the market.
The CLARITY Act’s success was never factored into the market, and the majority of retail traders do not fully understand its broader implications. For tokens such as XRP, this is regarded as a long-term approval to publicly offer Ripple and XRP-based services, ultimately driving genuine demand.
Mini dictionary: CLARITY Act, a proposed regulatory framework in the United States aimed at defining the status of digital assets like XRP and providing clearer guidelines for the operation and offering of crypto services.
Short-term market pressure and volatilityVan Code also addressed recent declines in XRP’s price, attributing much of the selling to impatient traders seeking immediate gains. He described some participants as holders who offload XRP due to a lack of rapid returns, asserting that this selling is temporary and does not undermine the longer-term potential he sees for the asset.
He advised market participants to expect continued volatility, highlighting that ongoing negotiations around the CLARITY Act are likely to result in unpredictable price swings before any final decision is reached.
Differing views on regulatory progressNot all observers share Van Code’s perspective. A user identified as RanNel highlighted that other global regions, including Europe, Russia, and Japan, have already moved forward with regulatory frameworks such as MiCA.
RanNel questioned why major US financial infrastructure players like DTCC, SWIFT, and NASDAQ have yet to show significant engagement, suggesting that regulatory clarity in the US is lagging.
Another commenter, writing under the name X Rated, strongly disagreed with Van Code’s thesis, dismissing the optimism about regulation as a rationalization after setbacks around the CLARITY Act.
The market is still divided on whether US regulatory delays present a hidden investment opportunity or simply leave the country behind global peers who already have robust crypto frameworks in place.
Mini dictionary: MiCA (Markets in Crypto-Assets Regulation), a European Union regulatory framework introduced to provide uniform rules for crypto assets, their issuers, and service providers across the EU.
Regulatory outcomes will guide the next moveThe conversation highlighted a significant divide in how crypto traders interpret regulatory developments. While Van Code views the delay around the CLARITY Act as an opportunity for future price appreciation, critics argue that the lack of US progress merely underlines the nation’s slow pace compared with other jurisdictions.
The path of the CLARITY Act remains a key variable. Its outcome may eventually clarify which interpretation proves more accurate and dictate the next stage for XRP in the evolving regulatory 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.
A recent cyberattack on the Coreum cross-chain bridge led to a loss of approximately 200,000 XRP during a 97-minute window, raising concerns over the protocol’s security practices and quality assurance processes.
Security flaw exposes Coreum bridgeInitial discussion on social media focused on a potential vulnerability in the XRP Ledger’s “rippling” feature, which some believed may have played a role in the breach. However, further analysis revealed that this theory did not account for the root cause of the exploit.
A report from xrpl.to, a data analytics platform specializing in the XRP Ledger ecosystem, stated that the bridge’s own processes were at fault for the loss. The report found no evidence that the attacker compromised system keys or leveraged rippling against the XRPL.
Experts explained that native XRP does not rely on trust lines or issuers, meaning the “rippling” functionality cannot be applied to it. Instead, the bridge processed every malicious transaction using its own multisignature mechanism, requiring approval from 17 out of 28 validators.
Native XRP lacks trust lines, so rippling does not affect it. Instead, every rogue withdrawal was processed through the bridge’s legitimate multisignature workflow, signed by the required quorum of validators without compromise.
How the exploit workedThe attacker initiated the breach by transferring wrapped tokens, referred to as wrapped-CORE, between wallets under their control. These transactions included memos detailing transfer instructions for Coreum. Since the bridge itself had issued the wrapped tokens, the movements appeared legitimate in transaction logs.
A key vulnerability allowed the exploit to succeed. The relayer operators, responsible for validating transactions, checked only whether a transfer took place and what was written in the memo field. Critically, they did not verify whether the assets were actually sent to the bridge’s wallet address.
Without this check in place, the attacker could convince the bridge to credit fake deposits. They then requested a standard withdrawal, prompting the validators to sign and send the actual XRP funds—totaling 200,000 XRP—to the hacker’s address on the XRPL, all through the legitimate transaction process.
Company background and falloutThe security team behind the affected bridge previously launched the Sologenic (SOLO) project on the XRP Ledger and later unveiled their own Layer 1 blockchain, Coreum. In March 2026, these platforms were merged into TX, a US-based company specializing in the tokenization of real-world assets (RWAs).
Mini dictionary: TX is a US-based blockchain company that emerged from the merger of Sologenic and Coreum, focusing on tokenizing real-world assets (RWAs).
Industry observers warn that the true damage to TX may lie not in the stolen amount, but in the apparent lapse in cross-chain verification procedures—an oversight considered fundamental for a regulated entity that promotes itself as an institutional-grade platform.
This occurrence highlights a systemic weakness in quality control rather than an isolated software bug, calling into question the robustness of the company’s risk management standards.
As of publication, TX had not released a detailed post-mortem about the incident. The Coreum cross-chain bridge remained offline in response to the breach.
Aftermath and ongoing investigationThe perpetrator’s identity continues to elude investigators. However, blockchain tracking services have observed the stolen XRP being distributed across numerous intermediary wallets, a common tactic designed to obfuscate the transaction trail.
EventDetailsStolen amount200,000 XRPBridge statusSuspendedAttack duration97 minutesCompany involvedTX (formerly Sologenic/Coreum)The attacker reportedly set up the series of transit wallets used to move the funds about six weeks prior to the exploit, suggesting a degree of planning. At the time of writing, coin holders and the broader community awaited further updates from TX regarding potential recovery efforts and improvements to security protocols.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR XRP traded near $1.03 to $1.04 on August 10, 2026, staying above its $1.00 support level. The CLARITY Act vote has been pushed to mid-September, removing a near-term catalyst. Whales added more than 380 million XRP in the past seven days, bringing total holdings to about 8.1 billion tokens. US-listed XRP spot ETFs hold close to $1 billion in assets, with $1.51 billion in cumulative inflows. Aviva Investors tokenized its USD Liquidity Fund on the XRP Ledger, adding to rising institutional activity. XRP traded between $1.03 and $1.04 on August 10, 2026. The token has held above its $1.00 support level for 632 straight days.
That streak started in November 2024, after the SEC dismissed its case against Ripple Labs. Since then, $1.00 has acted as a floor during both rallies and pullbacks.
The main event traders were watching, the CLARITY Act vote, has now moved to around September 15. The bill needs 60 votes to advance, and Senate Majority Leader John Thune scheduled it after the August recess.
Grayscale research chief Zach Pandl said the odds of the bill passing in 2026 look thin given election-year politics. That leaves XRP without a clear regulatory catalyst for now.
Whale Buying and ETF Flows Large XRP holders bought more than 380 million tokens over the past week. Total whale holdings now sit near 8.1 billion XRP, about 13% of the circulating supply.
XRP Price on CoinGecko On-chain tracker RippleXity said this buying has concentrated around the $1.00 level. US spot XRP ETFs now hold close to $1 billion in assets, with $1.51 billion in inflows since launch.
Momentum readings differ depending on the source. One daily RSI reading sits in the high 30s to 40, while a separate Coinglass-based reading puts XRP’s RSI near a neutral 50, lower than Bitcoin, Ethereum, Solana, and BNB, which all look overbought.
A liquidation heatmap from Coinglass shows a cluster of orders built up between $1.06 and $1.07 this week. That cluster formed even as price dipped toward $1.00.
Institutional Activity on XRPL Aviva Investors posted on X, through the account BankXRP, that it tokenized its USD Liquidity Fund on the XRP Ledger. The post said the fund now offers a tokenized share class aimed at institutional investors.
Real-world asset value on XRPL has grown more than 28% over the past 30 days. Stablecoin market cap on the network rose over 12% in 24 hours, pushing total stablecoin value close to $1 billion.
Analyst Ali Martinez pointed to a Tom DeMark Sequential buy signal on XRP’s monthly chart. He said a monthly close above $1.06 could open a path toward $1.35 and then $1.64.
2/5 The Tom DeMark Sequential has flashed a buy signal on XRP’s monthly chart, hinting at a possible macro shift from bearish to bullish momentum.
Over the past six years, this indicator has marked several major XRP reversals:
• April 2020 buy signal: 1,074% rally
• August… pic.twitter.com/XKhGapPolP
— Ali Charts (@alicharts) August 9, 2026
Analyst Dark Defender flagged an oversold RSI reading after last week’s dip, calling it a possible setup for a sharp bounce once price clears $1.05. Crypto commentator Gerla said a reclaim of $1.08 could trigger a fast reversal higher.
XRP still trades below its 50-day EMA near $1.10, its 100-day EMA near $1.18, and its 200-day EMA near $1.37. All three sit above current price.
Traders are also watching two macro events this week. US inflation data for July lands August 12, followed by remarks from Cleveland Fed President Beth Hammack and Richmond Fed President Thomas Barkin on August 13.
Bitcoin slipped below $64,000 on Aug. 11 as traders cut risk ahead of fresh U.S. inflation data and rising oil prices revived concerns about the Federal Reserve’s rate path.
Summary
Bitcoin traded near $63,855, down 1.6%, after failing to establish support above $65,000 this week. Ether fell 2.2% and XRP lost 2.1%, while Hyperliquid and Chainlink advanced against broader weakness. U.S. spot Bitcoin ETFs recorded $144.6 million in net outflows Monday after five inflow sessions. Brent crude held near $88 as stalled U.S. Iran talks renewed inflation concerns before CPI. July CPI is scheduled Wednesday at 8:30 a.m. ET, leaving crypto exposed to macro volatility. BTC traded near $63,855 at the time of writing, down about 1.6% over 24 hours after making several unsuccessful attempts to establish support above $65,000.
The pullback follows a short recovery that took Bitcoin above $65,300 on Monday. As covered in Monday’s CPI preview, weaker U.S. employment data had previously helped BTC recover as traders reduced expectations for tighter monetary policy. The focus has now shifted to inflation and energy prices.
Bitcoin has tested the $65,000 area for four consecutive days without sustaining a move above it. Downside levels remain relevant. Recent short term holder analysis placed the average acquisition price for newer holders at $67,523, meaning BTC remains below a level where some investors could seek to exit near breakeven. Support has recently formed around $63,000 to $64,000.
Ether and XRP lead losses as altcoins split Large cap altcoins were mostly weaker alongside Bitcoin. Ether traded at about $1,871 at press time, down 2.8% over 24 hours. XRP traded near $1.00 after falling 3.1% and was down more than 6% over seven days. Solana declined about 1% to $75.78, while BNB slipped 1% to roughly $599.
Crypto market overview, source: QuantifyCrypto Performance was not uniformly negative. Hyperliquid rose about 2.4% to $55.25, Chainlink gained 2% to $8.43, TRX advanced 0.5% to $0.33 and Dogecoin added roughly 0.5% around $0.07. Among the top 100 assets shown, Internet Computer gained 8.3%, Lighter rose 7% and Mantle added 5.8%. Bitway fell 8.1%, Canton declined 6.5% and Cardano lost 4.8%.
The split suggests traders are still willing to take selective altcoin exposure despite weakness in Bitcoin, Ether and XRP. However, the broad market has yet to show the synchronized strength typically associated with a sustained risk rally.
U.S. CPI and oil become the next macro test Oil has returned as a major U.S. macro risk. Brent crude held around $87.81 on Tuesday after gaining more than 5% in the previous session as hopes for an agreement between Washington and Tehran weakened. Negotiations over the Strait of Hormuz remain unsettled, keeping energy supply risks elevated. Reuters provided the latest report.
Higher energy prices can feed into inflation expectations and affect the outlook for U.S. interest rates. The Bureau of Labor Statistics schedule confirms that July CPI will be released Wednesday, Aug. 12, at 8:30 a.m. ET. The release gives traders a fresh reading on inflation after softer June data had eased some pressure on risk assets.
U.S. Treasury markets are already reflecting some of that caution. The benchmark 10 year yield rose toward 4.7% alongside oil on Monday. Higher yields generally raise the return available on lower risk assets, creating another hurdle for Bitcoin and other cryptocurrencies ahead of the CPI release.
What happens next for Bitcoin and ETF flows Institutional flows offer a mixed signal. U.S. spot Bitcoin ETFs recorded five consecutive positive sessions from Aug. 3 through Aug. 7, attracting $865.3 million according to Farside Investors. That streak ended Monday with $144.6 million in net withdrawals, including $53.6 million from BlackRock’s IBIT and $52 million from Grayscale’s GBTC. Farside’s latest data replaces earlier provisional estimates of Monday’s outflow.
The strong preceding week was examined in recent ETF inflow coverage, although that report used SoSoValue figures and therefore produced a slightly different weekly total. Both datasets showed the same broad pattern: five positive sessions followed by renewed withdrawals on Monday.
Washington also remains part of the market backdrop. The Senate pushed its CLARITY Act vote into September after lawmakers failed to resolve disagreements before the August recess, as detailed in earlier CLARITY Act coverage. That removed an anticipated August policy event while leaving market structure legislation unresolved.
Wednesday’s CPI release is now the nearest fixed catalyst. Bitcoin first needs to reclaim $65,000 before the $67,500 to $70,000 region becomes relevant again.
Bitcoin (BTC) price chart, source: crypto.news A move below the recent $63,000 area would instead put the market’s latest recovery under greater pressure. Neither direction has been confirmed, leaving inflation, Treasury yields and ETF flows as the clearest near term signals to watch.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP price remains under pressure as investors prepare for the SEC’s crypto offering framework announcement on August 14. The wider market fell by 1.57% in 24 hours, decreasing its worth to $2.18 trillion.
Bitcoin and Ethereum have dropped to lower levels of under $64,000 and under $1900, respectively. XRP price may experience additional weaknesses in the event that Bitcoin loses momentum around $63,500 when the market drops. The CLARITY Act cloture vote, which is scheduled to take place on September 15, is also being monitored by investors.
SEC Sets August 14 Meeting for Landmark Crypto Rules The SEC is set to begin its cryptocurrency rulemaking process this week, with Congress delaying comprehensive market legislation.
The agency planned an open meeting on August 14 to discuss a proposal called Regulation Crypto Assets.
Commissioners will review a specialized offering framework of investment contracts, which are related to some of the digital assets.
🚨NEW: The @SECGov will hold an open meeting on Friday at 10AM ET to consider whether to issue a release proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. pic.twitter.com/OOIp9MZeJM
— Eleanor Terrett (@EleanorTerrett) August 11, 2026
The suggested system might provide exemptions on certain federal securities registration regulations to qualifying crypto businesses.
It can also offer more accessible funding channels to startups that are interested in raising funds in the United States
This is in line with the plan of Chair Paul Atkins on safe harbors on offerings and investment agreements.
The session will start at 10:00 a.m. Eastern Time and be broadcasted via the SEC site.
Citizens can visit after being cleared by security checks in the Washington headquarters of Commission.
The action arrives after senators left for their August recess without advancing the CLARITY Act.
Its delay could prompt the SEC and CFTC to develop regulations while congressional negotiations continue.
XRP Price Outlook For This Week The XRP price traded at $1.0062 after declining 0.84% during the latest four-hour session. The overall weakness in the short-term structure was reinforced as the token dropped to below $1.02.
The future XRP outlook now approaches the psychological $1.00 support as selling pressure remains elevated. A verified break might reveal the $0.98 prior to a road leading to $0.95.
The Relative Strength Index dropped to 30.77, and XRP is close to the oversold region.
Source: TradingView Nevertheless, the MACD line was lower than its signal line, which indicated the bearish perspective. The negative histogram of it also indicated that negative momentum was continuing to go up.
Any recovery that is higher than 1.02 may switch focus to the more powerful $1.05 resistance. XRP price must reclaim $1.05 before targeting the $1.08 and $1.10 levels.
XRP Open Interest Climbs to $2.71B as Derivatives Demand Grows The activity in the XRP derivatives boosted with the trading volume increasing by 37% to reach a high of $1.80 billion over the period under consideration.
Open interest also increased by 8.74% to 2.71 billion demonstrating increased capital in contracts outstanding. The concurrent increase implies that traders increased their XRP exposure, but kept active positions in the derivatives market.
Source: Coinglass data Options activity recorded the largest percentage increase, with trading volume surging 68.97% to $1.25 million. Options volume, however, was still much lower than activity on futures and perpetual contracts. Modest growth in longer-term positions brought an increase in options open interest to $59.19 million, up 1.37%.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
CryptoQuant says large holders are accumulating BTC, ETH, and XRP despite market weakness, while EiCrypto highlights cloud mining for diversified crypto income.
Summary
CryptoQuant says whale accumulation of BTC, ETH and XRP may signal that the market is approaching a potential bottom. EiCrypto promotes cloud mining as a way for crypto holders to access computing power without buying or maintaining mining hardware. Large investors continue adding major cryptocurrencies as EiCrypto offers automated cloud mining services across multiple digital assets. Analytics firm CryptoQuant notes that despite recent market weakness, large holders of Bitcoin, Ethereum, and XRP have continued to increase their positions, reflecting a significant rise in confidence among long-term investors regarding major digital assets.
In its latest weekly report, titled “Buying Opportunities in a Bear Market: Signals of a Market Bottoming Out,” the company analyzes the recent trend of large investors continuously increasing their holdings. The report suggests that this trend may indicate some large investors are positioning themselves early, potentially signaling that the market is gradually entering the late stage of the bear market.
As digital assets continue to gain global momentum, cryptocurrency cloud mining — centered on network-based computing infrastructure — is increasingly attracting the attention of a wide range of holders. For retail investors, relying solely on market price appreciation is no longer sufficient; the pressing challenge now lies in establishing diversified asset management strategies, enhancing asset utilization, and generating stable daily passive income.
To meet this demand, cloud mining platforms — exemplified by EiCrypto — have garnered significant market attention. Users can access cloud mining services for major cryptocurrencies like Bitcoin, XRP, and ETH via smartphones or computers, eliminating the need to purchase expensive mining hardware or bear operational costs such as maintenance, electricity, facility rental, and cooling. This offers a simpler, more efficient way to generate passive income through cloud mining.
How to join EiCrypto and start earning passive income
Register an Account: Sign up here to receive a $15 new-user bonus.
Deposit Methods: EiCrypto supports a wide range of mainstream digital assets; users can deposit major cryptocurrencies such as BTC, USDT, ETH, LTC, USDC, XRP, SOL, and BNB.
Select a Contract: Choose a cloud mining contract that suits a particular budget and timeframe; the system will then operate automatically.
Popular Contract Recommendations:
Entry-level Contract: $100 — 2 days — Total Profit: Approx. $108 Basic Contract: $500 — 5 days — Total Profit: Approx. $532 Basic Contract: $1500 — 10 days — Total Profit: Approx. $1705 Stable Contract: $5500 — 20 days — Total Profit: Approx. $7050 Stable Contract: $10000 — 30 days — Total Profit: Approx. $14475 Advanced Contract: $50000 — 35 days — Total Profit: Approx. $79750 Click here to view more contract details.
Once the contract is activated, earnings will be automatically settled to an account after 24 hours. Users can choose to withdraw their earnings or reinvest them, thereby achieving long-term, compound growth of their digital assets.
Key Features of the EiCrypto Platform
Automated Daily Settlement: The platform utilizes an automated settlement system, allowing users to view account data and earnings at any time. Low Barrier to Entry: No need to purchase mining hardware or bear additional costs such as electricity, maintenance, and equipment management. Green Energy Powered: The platform employs advanced ASIC hardware supported by renewable energy sources — including hydroelectric, wind, and solar power — to drive its computing network. Support for Major Digital Assets: Supports a wide range of digital currencies — including BTC, XRP, ETH, DOGE, USDT, USDC, SOL, LTC, and BCH — to meet diverse user needs. Comprehensive Security Measures: Features SSL encryption, DDoS protection systems, and real-time data monitoring, enabling users to stay informed about the platform’s operational status. Global Remote Access: Users can access the platform anytime via the EiCrypto app or web interface — without the need for hardware configuration — and benefit from 24/7 technical support. About EiCrypto Headquartered in the UK, EiCrypto operates in compliance with relevant UK and European regulatory frameworks. By aligning with standards such as MiCA (Markets in Crypto-Assets) and MiFID II (Markets in Financial Instruments Directive), the company continuously enhances its transparency, operational standards, and user protection mechanisms. Currently, the platform serves over 7.5 million users across more than 100 countries and regions, supported by a global network of over 160 professional mining facilities.
In conclusion Signs of continued accumulation by large holders of BTC, ETH, and XRP indicate that market holdings are increasingly concentrating in the hands of major investors. This suggests that some long-term capital may be positioning itself early, potentially signaling that the market is nearing the latter stages of the bear cycle.
For investors, generating stable daily passive income is the key to a sustainable strategy. EiCrypto Cloud Mining is an expert in this field; with the right approach, users can maximize wealth accumulation in the shortest possible time. The platform offers ease of use — requiring no prior experience — and allows them to unlock the full potential of their assets through cloud mining.
FOr those who don’t want their assets sitting idle either, join EiCrypto to easily earn $10,000, or learn more details.
For more information, visit the official website, and download the mobile app.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Leading cryptocurrencies traded in the red alongside stocks on Monday as uncertainty on Iran negotiations kept risk appetite in check.
Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:17 p.m. EDT)Bitcoin (CRYPTO: BTC)-1.56%$63,976.86
Ethereum (CRYPTO: ETH)
-2.13%$1,874.37XRP (CRYPTO: XRP) -1.89%$1.01Solana (CRYPTO: SOL) -1.01%$75.86Dogecoin (CRYPTO: DOGE) +0.33%$0.06992Crypto Market Sells OffBitcoin faced intense selling pressure as 24-hour trading volume surged 56%, pushing its price down toward $63,000. Ethereum’s trading volume jumped 70%, while the second-largest cryptocurrency slipped below $1,900.
Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 2.68% and 3.83%, respectively.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data.
Bitcoin’s open interest fell 0.40% over the last 24 hours, aligning with the drop in spot price. Meanwhile, retail and whale derivatives traders on Binance increased their BTC long exposure after the price drop.
Top Gainers (24 Hours)
Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 9:17 p.m. EDT)Cysic (CYS) +32.25% $1.32Nexus (NEX) +19.75% $0.000001717Ribbita by Virtuals (TIBBIR) +14.86% $0.1362The global cryptocurrency market capitalization stood at $2.18 trillion, following a dip of 1.35% over the last 24 hours.
Read Next
Stocks Lag Amid Iran DeadlockStocks kicked off the week with losses. The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98. The S&P 500 slid 0.06% to close at 7,753.11, while the tech-focused Nasdaq Composite dropped 0.32% to settle at 26,605.36.
Iranian President Masoud Pezeshkian reportedly called for a deal with the U.S. over the Strait of Hormuz, adding that the war “has to be brought to an end at some point.”
Meanwhile, claims circulated on social media that Iran had "flatly" ruled out negotiations with President Donald Trump and planned to wait out his term until 2029. However, there was no official confirmation from Tehran.
A Bullish Fluctuation Incoming?Blockchain research firm Santiment highlighted Bitcoin’s elite wallets, i.e, those holding at least 10,000 BTC, jumped to a 6-month high, with a 7% increase over the last two months.
“Smaller holders are losing share, while the largest wallets are gaining presence again,” Santiment added. “Supply is rotating toward stronger hands before the next major market fluctuation, and this usually increases the likelihood of that fluctuation being a bullish one.”
On-chain analytics firm CryptoQuant stated that Bitcoin may be approaching an acute “top formation phase,” with downside risk increasing as prices climb. The firm also saw limited chances of a sustainable breakout into a “stable uptrend.”
“Given the elevated risk and weak data, larger buys should be held back for now. Stronger cyclical entries become attractive near $51,000,” CryptoQuant added.
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Photo Courtesy: Marc Bruxelle on Shutterstock.com
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Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday after falling slightly the previous day. XRP gravitates toward the key $1.00 psychological level while XLM slips below the critical support zone. Weakening derivatives metrics for both altcoins cap recovery outlook.
Derivatives metrics show a bearish biasDerivatives data shows a bearish bias among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 0.94 and 0.90, respectively, on Tuesday and is nearing the lowest level 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: CoinglassIn addition, the funding rate for XRP dipped negative on Tuesday while the XLM rate flipped negative on Monday. For both altcoins, the rates read -0.0009% and -0.0047%, respectively, on Tuesday. These negative rates indicate that short traders are paying longs and reflect a bearish bias.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassCoinGlass’ Open Interest (OI) across exchanges chart for XRP and XLM has been rising since early August, with outstanding contracts reaching 2.64 billion XRP coins and 1.09 billion XLM coins on Tuesday. The increase in OI alongside falling prices suggests that new short positions are entering the market, signaling a bearish outlook and raising the risk of further correction in XRP and XLM.
XRP open interest chart. Source: Coinglass
XLM open interest chart. Source: CoinglassXRP technical outlook: Gravitates toward the key $1 psychological levelXRP price trades at $1.015 on Tuesday, extending a bearish near-term tone as price holds beneath the 50-day Exponential Moving Average (EMA) at $1.097, the 100-day EMA at $1.178 and the 200-day EMA at $1.371. This alignment of key EMAs above the market suggests persistent downside pressure. At the same time, the Relative Strength Index (RSI) at 36 remains below the midline, hinting at weak demand rather than outright oversold conditions. The Moving Average Convergence Divergence (MACD) is negative with the indicator staying below the zero line, reinforcing the view that any bounces are likely corrective within a broader capped structure.
On the downside, immediate support is located at the horizontal level near $1.000, where buyers could attempt to slow the decline.
On the topside, initial resistance appears at the 50-day EMA clustered around $1.097, followed by the 100-day EMA at $1.178 and the horizontal barrier at $1.300. Beyond these, the 200-day EMA at $1.371 and the more distant resistance line at $1.900 define a wider ceiling that XRP would need to reclaim to neutralize the current bearish bias.
XRP/USDT daily chartXLM technical outlook: Bears in controlXLM price trades at $0.162 on Tuesday, extending its retreat below the short- and medium-term EMAs, which keeps the near-term bias bearish. XLM remains capped beneath the downward trendline break level at $0.166, while the RSI around 35 hints at persistent weak momentum but not yet extreme oversold conditions. The MACD indicator stays in negative territory, reinforcing a downside-skewed structure as price consolidates under the key EMA cluster.
On the topside, initial resistance is located at the reclaimed trendline break area near $0.166, followed by the horizontal barrier at $0.177, with the 50-day EMA at $0.178 and the 100-day EMA at $0.181 forming a dense supply zone above. Further up, the 200-day EMA at $0.193 marks a broader bearish pivot.
On the downside, the next significant support stands at the horizontal level of $0.142, and a clear break toward this floor would likely open room for an extension of the current downtrend before any meaningful base-building attempt emerges.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Kripto piyasası, küresel risk iştahındaki zayıflamanın etkisiyle güne sert satışlarla başladı. Toplam kripto para piyasası değeri yüzde 1,40 gerileyerek 2,18 trilyon dolara düşerken Bitcoin de yüzde 1,66 değer kaybederek 63.959 dolara indi.
Ethereum yüzde 2,42 düşüşle 1.874 dolara gerilerken altcoin tarafında da benzer bir tablo ortaya çıktı. XRP yüzde 2,03 kayıpla 1,01 dolara, Solana ise yüzde 0,98 düşüşle 75,81 dolara çekildi.
Bitcoin Neden 64 Bin Doların Altına Geriledi? Piyasadaki satışların arkasında kripto para piyasasına özgü tek bir gelişme bulunmuyor. Küresel risk iştahındaki bozulma, dijital varlıklar üzerindeki baskının temel nedenlerinden biri olarak öne çıkıyor.
ABD ile İran arasında Hürmüz Boğazı’nın yeniden tam kapasiteyle açılmasına yönelik beklentilerin zayıflaması da piyasalardaki belirsizliği artırdı. Bu gelişme petrol fiyatlarını sert biçimde yukarı taşırken, artan enerji maliyetlerinin enflasyon üzerindeki olası etkileri yatırımcıların risk algısını olumsuz etkiledi.
Bu nedenle Bitcoin’deki geri çekilmeyi değerlendirirken yalnızca kripto piyasasına değil, küresel makroekonomik tabloya da bakmak gerekiyor.
ABD Enflasyonu Kripto Piyasasını Nasıl Etkileyecek? Yatırımcıların odağında şimdi ABD’nin temmuz ayı enflasyon verileri bulunuyor. Tüketici Fiyat Endeksi (TÜFE) 12 Ağustos Çarşamba günü, Üretici Fiyat Endeksi (ÜFE) ise 13 Ağustos Perşembe günü açıklanacak.
Söz konusu veriler, Federal Rezerv’in faiz politikasına ilişkin beklentilerin şekillenmesinde önemli rol oynayacak. Geçtiğimiz hafta açıklanan zayıf temmuz istihdam verisi sonrasında piyasalar, Fed’in eylül ayında faiz artıracağı beklentisini aşağı çekmişti.
Ancak petrol fiyatlarındaki yükseliş, enflasyon görünümüne ilişkin yeni soru işaretleri yaratıyor. Fed, temmuz toplantısında faiz oranlarını sabit tutarken üç yetkili faiz artışından yana görüş bildirmişti.
Yüksek Enflasyon Bitcoin İçin Risk Mi? Temmuz TÜFE ve ÜFE verilerinin beklentilerin üzerinde gerçekleşmesi, daha sıkı para politikası ihtimalini güçlendirebilir. Böyle bir senaryoda faiz artışı beklentilerinin yeniden yükselmesi, riskli varlıklar üzerinde ek satış baskısı oluşturabilir.
Buna karşılık enflasyonun beklentilerin altında kalması, Fed’in faiz artırma ihtimalini daha da azaltabilir. Daha gevşek para politikası beklentisi, yatırımcıların risk iştahını destekleyerek kripto para piyasası açısından daha olumlu bir ortam yaratabilir.
Dolayısıyla açıklanacak verilerin yalnızca enflasyon oranını değil, Fed’in sonraki adımlarına ilişkin beklentileri nasıl değiştireceğini de takip etmek gerekiyor.
Bitcoin ETF Çıkışları Ne Anlatıyor? Kurumsal yatırımcı tarafındaki görünüm de piyasadaki zayıflığı destekledi. 10 Ağustos’ta spot Bitcoin ETF’lerinden 144,67 milyon dolarlık net çıkış gerçekleşirken spot Ethereum ETF’lerinde 14,59 milyon dolarlık net çıkış kaydedildi.
Altcoin ETF’lerinde ise daha sınırlı ve farklı yönlü hareketler görüldü. Solana ETF’lerine 8,83 milyon dolar, HYPE ETF’lerine 2,74 milyon dolar, LINK ETF’lerine 150,31 bin dolar ve HBAR ETF’lerine 462,06 bin dolar net giriş oldu.
Buna karşılık XRP, DOGE, BNB, LTC, AVAX ve DOT ETF’lerinde herhangi bir net fon akışı gerçekleşmedi. Bu tablo, kurumsal tarafta risk iştahının özellikle Bitcoin ve Ethereum’da zayıfladığını gösteriyor.
Kripto Piyasası İçin Hangi Veriler İzlenmeli? Bitcoin’in 63.959 dolara gerilemesiyle birlikte kripto piyasasında kısa vadeli yön arayışı güçlendi. Önümüzdeki süreçte yatırımcıların özellikle ABD TÜFE ve ÜFE verilerini, petrol fiyatlarını, Fed faiz beklentilerini ve ETF akışlarını birlikte değerlendirmesi gerekiyor.
Küresel gelişmelerin risk iştahını zayıflatmaya devam etmesi halinde satış baskısı sürebilir. Buna karşılık daha düşük enflasyon ve azalan faiz artışı beklentileri, dijital varlıklar için yeniden destekleyici bir zemin oluşturabilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
XRP remains under pressure as technical analysts from Mango Research warn that the token could decline to the $0.91 or even $0.80 range before any major upward move becomes likely. The forecast follows XRP’s persistent movement within a year-long descending channel, a pattern traced since July of last year.
Technical analysis highlights downside riskThe Mango Research commentator identified a potential bullish reversal, but stressed that confirmation would only come if XRP breaks above the upper boundary of its current channel. Falling channels are at times interpreted as catalysts for trend shifts, yet the analysis notes that, for now, risk leans toward further declines.
According to the measured-move method employed by the analyst, a breakout would point toward a target of $1.62. This price also lies above the level described as “dynamic resistance” on a weekly indicator seen through the Mango Research dashboard.
In the short term, the outlook appears bearish. The analyst described XRP as “short across the board,” citing dashboard readings that indicate ample room for more downside. Volatility metrics with values of 18, 52, 13, 8, and 4 were referenced, though no detailed methodology was supplied for these numbers.
Oscillator signals and accumulation zone potentialAdditional downside signals emerged from the Mango Pulse indicator, which produced a bearish cross on the two-day chart. The analyst compared this setup to previous instances—specifically on January 23 and May 21—when similar crosses coincided with XRP losses of approximately 43% and 27%.
Despite the current negative momentum, the presenter framed the suggested $0.91 to $0.80 pullback as a possible accumulation opportunity. This zone aligns with the lower trendline of the falling channel and could, in the analyst’s view, offer buyers access to prior bear-market price territories.
Technical indicators also came into focus. The analyst highlighted stochastics readings below the 20th-percentile and an RSI that remains within the bearish-control area, historical setups that sometimes aligned with reversal points in earlier XRP market cycles. However, the commentary noted that indicator behavior in the past does not guarantee future outcomes.
Importance of market monitoring and diversified toolsFor traders tracking XRP’s price structure, the critical threshold is the channel’s upper resistance. The analyst cautioned that the bullish scenario only materializes if the breakout is confirmed and XRP maintains this area as support.
Effective monitoring of technical patterns is key, yet market participants are exploring innovative platforms to manage risk and capitalize on opportunities. One such example is 1stepSwap, a practical platform bridging traditional finance and the crypto sector. By bringing real-world assets such as major U.S. stocks and commodities like gold and silver to the blockchain, it enables direct, straightforward access and real-time price discovery, giving users the ability to diversify portfolios and transact at favorable rates—directly from their wallets, without intermediaries.
XRP’s price action will be guided not just by the projected $1.62 level, but by its ability to break above the channel’s key resistance and sustain those gains. Until then, analysts remain cautious about near-term downside risk toward $0.80 to $0.91, viewing potential dips as accumulation zones aligned with historical bear-market lows.
The video associated with the analysis also featured a promotion for leveraged trading with a 20% deposit-related bonus on Bitunix. This offer exists independently from the technical assessment and is subject to the risks inherent to trading derivatives, especially during periods of volatility.
Looking ahead, analysts emphasize the importance of monitoring XRP’s technical structure. A confirmed breakout could pave the way for renewed bullish interest, while holding below resistance may continue to expose the token to further declines.
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.
Drop CEO Bird has released a comprehensive technical analysis of XRP, drawing parallels between the current weekly MACD structure and the conditions that preceded XRP’s substantial price rally in late 2024. Bird claims these similarities could signal a major price movement as soon as next week.
The 2024 chart patternBird’s analysis focuses on a series of technical occurrences observed on the weekly chart. On July 15, 2024, XRP produced a bullish crossover in the weekly MACD, prompting a modest initial price response. As the MACD flattened, Bird describes this stage as a “bullish rebound,” with momentum remaining intact but price action largely stagnant for several weeks.
It was only after this period of sideways movement that a sharp rally emerged. Bird measures the interval between the July 15 bullish cross and the beginning of the explosive rally as 16 weekly candles, or 112 days. During this move, XRP climbed from approximately $0.50 to over $2.50 within a few weeks.
Look closely at what happened in 2024, because the structure and timing we’re seeing right now are remarkably similar. On July 15, 2024, XRP printed a bullish cross on the weekly chart, and the ensuing price action soon led to a major rally.
The 2026 structure and timingBird points to an identical pattern emerging in 2026, starting with another bullish crossover on April 13. Despite continued price declines after the signal, the weekly MACD maintained its bullish structure. The indicator soon flattened and began to recover, a move Bird describes as nearly identical to the 2024 setup.
Applying the same 16-bar, 112-day window from April 13, Bird notes the timeline aligns precisely with August 3, 2026. He emphasizes that the timing matches the previous cycle “exactly,” reinforcing his conviction in the chart pattern’s possible implications.
Current status and outlook for XRPXRP currently trades near $1.03, positioned just above a key support level that Bird identifies as critical. The token has compressed at this level after months of decline from a 2025 peak above $3, reflecting a sustained loss of momentum.
Bird remains firm in his projection, stating that the upcoming week could deliver a significant shift in momentum if support holds. He expects that XRP could replicate “the kind of violent repricing” seen after November 2024, should weekly momentum expand above the $1 region.
Next week is when XRP could finally wake up. The combination of identical MACD signaling, timing, and support levels highlights an unusually strong alignment of factors.
However, Bird acknowledges the inherent unpredictability of markets. He cautions that although history provides useful comparisons, it rarely repeats itself precisely. “A single historical comparison isn’t proof of what happens next,” Bird notes, even as he highlights the striking similarities and signals that have caught his attention.
To closely monitor market movements and catch potential opportunities in XRP and other digital assets, Bird underscores the value of robust technical and macroeconomic monitoring. Tools such as CryptoAppsy, which requires no account creation hassle, provide investors with real-time prices, advanced charting, multi-currency portfolio management, and customizable price alerts. These features, paired with coin-specific news filtering and instant access to macro indicators like Fed interest rates, can help users make timely decisions in rapidly changing market conditions.
As the designated window ended on August 3, Bird suggests that immediate action or observation may prove decisive in determining whether XRP repeats its historical breakout or diverges from previous cycles.
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 price has closed at its lowest weekly level in nearly two years, putting it at a critical juncture as investors watch whether the long-standing $1 support can hold.
Analyst Ash Crypto highlighted the development, noting that XRP recorded a weekly close of just $1.029, marking its weakest weekly close in nearly two years.
The decline has brought XRP back to a historically important price zone. Market watchers are now debating whether the token is preparing for a reversal or a dip below $1, which will be happening for the first time since 2024.
XRP chart XRP Tests Major $1 Support Notably, XRP is currently trading around $1.03, down approximately 0.5% over the past 24 hours and 3.43% over the past seven days. The cryptocurrency is also down roughly 44% year-to-date.
According to XRP developer and market commentator Bird, XRP is now sitting directly on a major support area around $1. He suggested that XRP could move higher if it holds the $1.00 support, confirms the double bottom, and completes the W-shaped pattern, potentially making a move below $1 a thing of the past.
The chart shared alongside the analysis shows XRP testing the same area where it previously found support. This creates the possibility of a double-bottom or W-shaped reversal pattern.
Could XRP Briefly Fall Below $1? Bird also outlined a second possibility: XRP could temporarily break below $1 to collect liquidity before reclaiming the level and beginning a stronger recovery.
Under this scenario, a move below $1 would not necessarily invalidate the bullish setup if XRP quickly reclaimed the psychological level.
The analyst emphasized that both scenarios could ultimately lead to the same destination: a higher XRP price, with the key question being how the market behaves around the $1 zone.
XRP chart by Bird on X Analyst ChartNerd shares a similar outlook. He expects the XRP price to fall to $0.7 before a strong rebound takes place. To him, XRP will remain bearish till the end of 2026.
Notably, analyst Ali Martinez said the TD Sequential indicator has flashed a buy signal on XRP’s monthly chart. Historically, similar signals preceded major rallies, including gains of 1,074% in 2020 and 973% in 2022.
However, he said XRP must first clear $1.06, a key resistance level where nearly 3 billion XRP were reportedly transacted. A monthly close above it could open the way toward $1.35 and potentially $1.64.
XRP at a Critical Turning Point The coming sessions could therefore prove important for XRP. Holding above $1 could strengthen the case for a double-bottom formation, while a temporary dip below that level, followed by a recovery, could represent a liquidity sweep. Meanwhile, a decisive loss of that support could increase bearish pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Since Ripple launched its RLUSD stablecoin, debate over XRP’s future has begun. Digital Ascension Group Chairman Jake Claver says RLUSD could make XRP pointless.
As tokenized assets continue to grow on the XRP Ledger, many are asking whether a stablecoin can truly replace XRP as the bridge asset that connects different markets.
Why Jake Claver Says RLUSD Could Replace XRPClaver’s argument starts with a simple example, that a user on the XRP Ledger may want to swap a tokenized money market fund for a yen-based stablecoin. There may be no direct market between the two assets, but the ledger can route the trade through XRP.
That means the transaction can move from the tokenized fund to XRP and then from XRP to the yen stablecoin.
The two trades can happen together in one transaction, making the middle step almost invisible to the user.
Claver argues that RLUSD could take over this role because it is already built for fast digital settlement and maintains a stable value linked to the U.S. dollar.
But that raises another question: Can a dollar stablecoin work as the middle asset for every type of trade?
Why XRP Still Has a Unique RoleTo understand XRP’s uniqueness, Jake considers an explanation of how XRP works like a hub at an airport.
Without a hub, 100 assets would need 4,950 direct trading pairs. Using one bridge asset reduces that to just 100 connections.
Airlines didn't fix this by adding nonstops. They picked a few airports and ran everything through them
Your ticket reads Fargo to Lisbon & the planes fly Fargo to hub, hub to Lisbon
Nobody had to find 180 people in Fargo who all wanted Lisbon on the same day
3/25🧵
— Jake Claver, QFOP (@beyond_broke) August 8, 2026 On the XRP Ledger, XRP allows assets that do not have direct liquidity to trade with each other. For example, a tokenized bond fund can swap into XRP before moving into a tokenized commodity. This becomes more useful as more tokenized assets enter the market.
RLUSD Serves a Different PurposeRLUSD is designed as a digital dollar. It keeps a value close to $1, making it useful for payments, settlement, and trades where the dollar is already the preferred asset.
However, not every trade involves dollars. Some tokenized assets may need to trade directly with other non-dollar assets. In those cases, using a dollar stablecoin as the middle asset adds another step, where XRP can still act as a neutral bridge.
Another key difference is that RLUSD has an issuer, while XRP does not.
RLUSD is backed by reserves and operates under regulatory rules, including compliance checks and legal requirements. XRP, as the native asset of the XRP Ledger, does not rely on an issuer.
Using a regulated stablecoin as the main bridge across many markets could introduce extra restrictions if regulatory actions affect its use.
Can XRP and RLUSD Coexist?RLUSD and XRP do not have to compete. RLUSD is built to act as a digital dollar for payments and settlements, while XRP helps connect different assets when there is no direct trading market.
As more real-world assets move on-chain, both can have different jobs. However, RLUSD’s fast growth also raises questions.
Its market value has already reached $1.53 billion, but more than 88% of its supply is on Ethereum, not the XRP Ledger. This shows RLUSD is growing beyond XRPL instead of depending only on it.
Story Ends Here
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XRP has signaled a technical configuration last observed in November 2024, as its market price has fallen below a closely watched Open Interest level, according to crypto analyst Chad Steingraber.
The technical setup: Open Interest battleline revisitedOpen Interest measures the total value of open derivatives contracts, such as futures and options, for an asset and serves as an indicator of market sentiment and positioning.
Chad Steingraber, a prominent market observer and researcher, highlighted that XRP dropped below what he terms the “Open Interest battleline.” As of August 8, 2026, XRP traded at $1.04, while Open Interest stood at $2.49 billion. This mirrored the scenario from late 2024, when a similar pattern preceded a dramatic rally.
The price of ripple:native is now UNDER the Open Interest battleline. The last time this happened it was in November 2024.
Earlier in 2025, Open Interest for XRP peaked at $8.56 billion with the asset near $2.96. Both figures have dropped considerably, with Open Interest compressing and the price declining to the current level. The chart positions now suggest a tight convergence of both metrics—a key signal in technical analysis.
Mini dictionary: Open Interest, a measure of the total number of outstanding derivative contracts (futures and options) that have not been settled. High Open Interest can indicate strong interest from traders, while declining Open Interest may signal waning momentum in the market.
DateXRP PriceOpen InterestNovember 2024$0.50$2.49 billionJanuary 2025$3.40$8.56 billionAugust 8, 2026$1.04$2.49 billionLessons from November 2024: Historic rally and market reactionIn November 2024, XRP also slipped below the Open Interest battleline. The market soon experienced a steep price rally as XRP climbed sharply from approximately $0.50 to nearly $3.40 within three months—a surge exceeding 500%.
That earlier move aligned with the re-election of Donald Trump as US President and a shift toward more favorable crypto regulations. The wider crypto market also rallied, as Bitcoin crossed the $100,000 mark. XRP’s price and its Open Interest accelerated together, with new capital reportedly entering from both institutional and retail participants.
Few traders identified the 2024 setup in real time, but those who did saw XRP post a multihundred percent rally in a short window. The combination of low price and compressed Open Interest built the conditions for an outsized move.
Current conditions and trader focusOnce again, XRP’s Open Interest and price have compressed, returning to levels reminiscent of the 2024 rally environment. Steingraber pointed out that this pattern represents a “battleline” re-emerging on the charts.
Industry observers note that major market catalysts—such as regulatory developments, macroeconomic trends, or renewed institutional activity—would likely be necessary to recreate the rapid acceleration seen previously. With both metrics meeting near their historical lows, market participants are closely monitoring for a possible repeat of past moves.
While this configuration does not guarantee a price rally, analysts believe it establishes a context for heightened volatility and potential upside if new catalysts appear. XRP traders who missed the 2024 surge are watching to see if a similar breakout pattern could take shape in the coming months.
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.
Robinhood is expanding its crypto offering in the UK via Bitstamp exchange. The popular trading platform is bringing more than 50 digital assets to its investment app.
The company seeks to position itself as an all-in-one platform for British investors.
The rollout, announced Monday, will allow eligible UK customers to buy and sell cryptocurrencies directly via the Robinhood app alongside stocks and shares ISAs, equities, options and futures.
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The service will be provided through Bitstamp, the UK-registered crypto-asset service provider acquired by Robinhood in 2025.
Robinhood said the crypto trading service will begin rolling out to eligible customers this week.
Among the assets available through the new offering are Bitcoin (BTC), Ethereum (ETH), XRP and Hyperliquid (HYPE). Robinhood's broader crypto lineup includes popular tokens such as Shiba Inu (SHIB), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK) and others.
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UK investors can now access crypto without having to leave Robinhood's broader investment ecosystem.
The company is pitching the service as a lower-cost alternative to crypto-native platforms with zero fees for trading and no account-maintenance or custody fees. Network fees may still apply to blockchain transfers.
Robinhood said the launch is intended to address what it sees as shortcomings in the UK's existing crypto market. The company said some incumbent platforms rely on opaque pricing and wider spreads.
The company completed its acquisition of Bitstamp in June 2025, bringing the exchange's international customer base and crypto infrastructure into Robinhood. At the time, Robinhood said Bitstamp had more than 50 licenses and registrations globally and customers across Europe, the UK, the US and Asia.
The UK's recent crypto developments Meanwhile, the UK's regulatory framework is undergoing a major overhaul.
In June, the Financial Conduct Authority finalized a package of rules for the crypto sector. It introduced requirements related to financial resilience, market
The FCA's 2025 consumer research found that 8% of UK adults owned cryptoassets, down from 12% in the previous year's research. However, crypto holdings were becoming larger, with a decline in the proportion of users holding £100 or less. At the same time, crypto awareness remained extremely high, at 91% of the population.
The FCA's 2025 research found that 73% of crypto users acquired assets through a centralized exchange.
XRP is approaching a major technical zone after years of moving within a broad ascending channel, according to chart insights shared by crypto analyst Amonyx. His recent post highlights an impending critical moment for the digital asset, drawing attention to a convergence of several long-term trendlines. The chart shows XRP trading near $1.04, positioning the cryptocurrency at a crucial intersection that has historically marked key turning points in its price action.
XRP tests long-term trendline supportThe weekly chart illustrates XRP’s position within an extended ascending channel that dates back over a decade. Within this structure, a prominent ascending red trendline links several historical lows and now sits around the $1 mark. XRP is currently retesting this area after previously bouncing off the trendline on multiple occasions, suggesting that this level has served as significant long-term support.
The technical setup also features a descending trendline forming the upper boundary, resulting in a narrowing pattern as support and resistance lines converge. The shrinking space within this structure increases the likelihood of a breakout should XRP decisively move above the descending resistance.
Amonyx’s chart conveys a strong signal that current conditions could lead to a major price movement, with the analyst summarizing: “This XRP chart is screaming one thing: EXPLOSION INCOMING.”
Repeating cycle shapes XRP price actionHistorically, XRP has navigated a series of consolidation triangles framed by rising long-term support and descending resistance. These recurring patterns previously led to significant breakouts, including rallies in 2021 and 2023 when XRP surged after similar technical structures resolved.
The largest upward move in recent history occurred in late 2024. Following a breakout from a consolidation triangle, XRP increased by over 500%, climbing above $3 for the first time since 2018. After reaching a peak at $3.65, the cryptocurrency entered an extended pullback, returning below a descending trendline and forming a fresh consolidation pattern. Analysis suggests the current technical configuration could soon produce another decisive shift.
Technical outlook and potential price targetsThe chart provided by Amonyx includes broad blue channels above XRP’s present value, outlining several long-term price objectives if a breakout happens. These targets range from $16 up to $500 and beyond, indicating the scale of potential price appreciation if major resistance is overcome and the asset maintains its overall structure.
A breakout could theoretically drive XRP as high as $900, according to the roadmap laid out in Amonyx’s analysis. Such projections are highly speculative and depend on XRP’s ability to breach major resistance thresholds. These outlines are not definite price forecasts but serve to highlight the technical importance of the current market setup.
Mini dictionary: Amonyx is a cryptocurrency market analyst known for technical chart analysis and sharing price action forecasts on social media, particularly around major assets like XRP.
EventDate/PeriodXRP Price Movement2021 breakout2021Upward rally after consolidation triangleMajor rallyLate 2024Rises over 500%, peaks at $3.65Current support retest2026Near $1.04, testing long-term trendlineTarget price zones (after breakout)Future projections$16, $90, $160, $500, up to $900The scenarios outlined depend heavily on XRP’s performance at key technical boundaries, emphasizing that these figures reflect theoretical potential rather than guaranteed outcomes.
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.
Crypto commentator Digital Asset Investor shared a strong outlook on the future of XRP in a recent video, arguing that those who invest early during low-interest periods stand to benefit most as adoption grows. The influencer highlighted the perspective of EasyA co-founder Dom Kwok, who maintains that, “the bulls of today will be the millionaires and billionaires of tomorrow.”
Accumulation in early phasesDigital Asset Investor supported his thesis by reflecting on Bitcoin’s early years. He noted that significant wealth was created by individuals who entered the market before cryptocurrencies gained widespread attention, when discussions were limited to niche online communities. These early participants amassed substantial gains after mainstream adoption accelerated.
To highlight the magnitude of change, he referenced that in 2019, the crypto social media sphere reached about 19 to 20 million users, compared to the 300 million estimated currently. This dramatic increase illustrates how initial market conditions allowed focused investors to act before the wider public became involved.
Many of those who ended up with considerable wealth were acquiring crypto assets when most people had yet to notice or care. They capitalized on opportunities before the broader market moved in, with activity largely confined to message boards and early communities.
He emphasized that this pattern has repeated throughout crypto cycles, and the window for accumulation ahead of a surge in public interest is crucial for outsized returns.
Conviction and consistent accumulationDigital Asset Investor underscored that the key to successful investing is acting when “nobody’s interested,” reiterating that he continues buying the dip through varying market cycles. He attributes this ongoing conviction to his belief in the long-term potential of the assets he holds.
Dom Kwok, co-founder of EasyA, has reaffirmed his bullish stance by forecasting that XRP could reach $1,000 by 2030. Both voices remain optimistic about XRP, expressing confidence in its performance over time.
Their approach is rooted in the belief that conviction and early action, rather than following trends, separate future millionaires from latecomers in the crypto space.
Positive developments support bullish outlookFurther strengthening the case for XRP, several regulatory and infrastructure updates have come into play. The CLARITY Act, designed to provide clear regulatory guidelines for digital assets, is scheduled for a US Senate vote on September 15. Senate Majority Leader John Thune filed cloture on the bill and Senator Bernie Moreno stated that all 53 Republican senators plan to support it.
On a technical front, an amendment to the XRP Ledger (XRPL) now enables institutions to encrypt on-chain token balances and transfer amounts while maintaining regulatory compliance by allowing access for authorities as necessary.
Currently, $530 million in tokenized Wall Street assets are hosted on the XRP ledger, which Digital Asset Investor described as a sign that major institutional players have the necessary infrastructure to participate more fully.
XRP also secured fourth place in a recent 24-hour bullish sentiment ranking, reflecting enthusiastic community and investor engagement. In addition, Matt Hougan from Bitwise reported that crypto now occupies a “default allocation” in many institutional portfolios, suggesting growing mainstream acceptance.
Digital Asset Investor reiterates that conviction during periods of low attention is a common trait among those who achieve significant gains, both historically and in current markets.
Mini dictionary: CLARITY Act, a US legislative proposal aiming to establish clear regulatory guidelines for the classification and oversight of digital assets, with the goal of providing certainty for companies and investors in the crypto sector.
Accumulation during periods of low mainstream attention has consistently been the dividing line between those who achieve exceptional wealth and those who join the market after most of the gains have materialized.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has voted to support two XRP Ledger amendments designed to introduce single-asset vaults and fixed-term institutional lending directly at the network’s protocol level.
Summary
Ripple’s validator voted “yes” on XLS-65 and XLS-66, supporting native vaults and lending. XLS-65 has reached 40% validator support, while XLS-66 has secured more than 37%. Both amendments require over 80% support for two consecutive weeks before activation. The framework could support loans funded with XRP, RLUSD, and other XRPL-issued assets. Ripple’s validator has backed the Single Asset Vault and Lending Protocol amendments as voting continues among trusted XRP Ledger validators.
🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)
Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.
Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2
— Rednirav (@CryptoRednirav) August 10, 2026 XLS-65, which would introduce Single Asset Vaults, has reached approximately 40% support. XLS-66, covering the proposed Lending Protocol, has received more than 37% support, according to the latest voting data.
The current totals remain well below the activation threshold. An amendment must maintain support from more than 80% of trusted validators for two continuous weeks before it can become active on the XRP Ledger mainnet.
Based on the current default Unique Node List configuration, the proposals would need support from at least 28 of 35 validators. Ripple’s vote therefore moves the amendments forward but does not establish an activation date.
The vote follows the amendments’ entry into the formal validator process earlier this year. As crypto.news previously reported, XLS-65 and XLS-66 are intended to provide lending infrastructure at the ledger level rather than through external smart contracts.
Validators can independently decide whether to support an amendment. Ripple’s vote carries attention because the company remains a major contributor to XRPL development, but it cannot activate the proposals by itself.
How XLS-65 and XLS-66 would work XLS-65 would establish a standard structure for pooling one type of asset from multiple depositors. A vault could hold XRP, Ripple USD (RLUSD), or another token issued on XRPL while giving depositors proportional shares representing their claims on the pooled assets.
The vault could then supply liquidity to other services, including the proposed Lending Protocol.
XLS-66 would use liquidity held in those vaults to fund fixed-term loans. Unlike many decentralized lending markets, the proposed system would not require every borrower to provide more collateral than the value of the loan.
Institutions would instead conduct credit checks, compliance reviews, legal assessments, and underwriting off-chain. The XRP Ledger would manage the agreed loan terms, including interest, repayment schedules, servicing, and default records.
Loan brokers would connect borrowers with vault liquidity and manage the credit relationship. A first-loss capital mechanism could absorb an initial share of losses if a borrower defaults, offering some protection to vault depositors.
The separation between off-chain underwriting and on-chain execution is meant to accommodate regulated lenders that cannot rely entirely on anonymous borrowers and automated liquidations. For U.S. institutions, using the protocol would not remove obligations arising from lending, securities, consumer protection, sanctions, or anti-money laundering rules.
Instead, the ledger would serve as settlement and record-keeping infrastructure after participating institutions complete the required checks.
Security review clears major lending flaws The lending code has undergone several security reviews ahead of the validator decision.
Blockchain security firm Halborn completed a re-audit covering transaction checks, accounting rules, access controls, parameter limits, and consistency between protocol states. The review found no critical or high-risk vulnerabilities.
Halborn identified five issues: one medium-risk finding, two low-risk findings, and two informational findings. Ripple addressed, accepted, or acknowledged all five, according to the audit report.
“We are proud to share that we have completed our XRP Ledger Lending Protocol Re-Audit for Ripple,” Halborn said when announcing the review.
The medium-risk issue involved a way loan interest could cause a vault to exceed its maximum asset limit. Ripple resolved that finding, along with a low-risk issue involving a missing freeze check.
The audit does not eliminate default, underwriting, liquidity, or implementation risks. However, it cleared another technical requirement as validators assess whether the amendments are ready for mainnet use. crypto.news covered the re-audit in June.
XRP Ledger applications prepare for activation Developers are already testing possible applications on XRPL’s Lending DevNet while the amendments await approval.
Yield protocol SOIL has said it plans to become one of the first applications built on the Single Asset Vault and Lending Protocol framework. Its proposed products include lending markets, yield strategies, and tokenized fixed-income instruments.
A demonstration showed users depositing assets into separate vaults and receiving tokens representing their proportional ownership. However, the system remains in a development environment and cannot launch on the mainnet unless validators approve both amendments. crypto.news previously reported on SOIL’s preparations.
Ripple-backed XRP treasury company Evernorth has also identified the lending framework as a possible way to earn institutional-grade returns on its holdings. Actual yields would depend on borrower demand, credit quality, vault terms, and protocol adoption after launch.
The vote comes alongside the release of XRP Ledger version 3.3.0, which includes work on lending, confidential transfers, transaction batches, sponsored fees, and configurable token features. Those changes also require validator approval and should not be treated as active mainnet functions solely because their code has been released.
As crypto.news reported, node operators must upgrade their software and consider each amendment separately.
XRP traded near $1.02 at the time of writing, down about 2.2% over 24 hours and 5.7% during the past week. The validator vote did not produce an immediate positive price reaction, suggesting traders remain focused on whether the amendments can reach the required threshold and generate real lending demand after activation.
XRP is facing a crucial test as its price remains compressed near key support, while significant whale accumulation signals increasing confidence among large holders. Market observers are watching closely for a potential breakout or further decline as key levels are tested.
Price action hovers near supportCurrently, XRP trades at $1.02, showing a 1.95% drop over the past 24 hours. The 24-hour trading volume stands at $1.03 billion, with total market capitalization at $63.9 billion. Despite the recent decline, the underlying price structure and rising whale interest point toward the possibility of a bullish turnaround.
Crypto analyst EGRAG CRYPTO has highlighted that XRP price movements are compressed into a tight range between $1.03 and $1.05 over the last three days. The token continues to trade below its 21, 50, 100, and 200-day exponential moving averages, underscoring that bulls have yet to assert control in the current trend.
XRP will need to decisively reclaim the $1.18 to $1.20 region for any confirmation of renewed upward momentum. If this level is breached, the next key target is $1.27, with additional upside potential extending toward $1.65 and $1.80.
Major whale activity strengthens outlookRecent wallet data from BankXRP indicates a surge of interest from major holders, often referred to as “whales.” These investors acquired nearly 20 million XRP, valued at $20.66 million, while selling 15.89 million XRP, worth $16.41 million. Overall, whales have increased their holdings by 4.11 million XRP during this period, translating to a net accumulation of $4.25 million.
Analysts view this net inflow as a sign that influential market participants expect recovery, at least in the near term. Such accumulation may help reduce selling pressure and provide additional support to the price, especially in a market looking for positive signals.
Mini dictionary: Whale (cryptocurrency) – A term used to describe an individual or entity that holds a large position in a specific coin or token. Their trades can influence market movements due to the size of their transactions.
Risks and potential price levelsXRP’s ability to hold above immediate support between $1.03 and $1.05 will play a pivotal role in the coming sessions. A sustained move above $1.20 could change market sentiment and confirm the start of a recovery, potentially targeting $1.27, $1.65, and even $1.80.
On the downside, failure to defend support—especially with a break below $0.97—may invalidate the current bullish structure and expose XRP to a deeper decline toward $0.777.
Key SupportKey ResistanceBullish TargetBearish Target$0.97, $1.03–$1.05$1.18–$1.20$1.27, $1.65, $1.80$0.777Overall sentiment remains cautious as both bullish and bearish scenarios depend on whether buyers can reclaim critical resistance levels or if renewed selling leads to another downturn. The broader decline in Bitcoin and other major cryptocurrencies has also influenced XRP’s short-term price action.
A breakout above $1.20 could confirm the bullish outlook, while a drop below $0.97 may signal further downside toward $0.777.
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.
With the most recent attempt at stabilization failing to result in a significant trend reversal, XRP is still trapped in a strong bearish structure. After moving sideways for the majority of July and the first part of August, the asset now trades at $1.03, perilously close to the psychologically significant $1 threshold.
XRP's path is unclearThe primary issue continues to be the moving-average structure. XRP is below each of the daily chart's four averages. The shorter averages at roughly $1.07 and $1.09 provide immediate resistance, which is followed by much stronger resistance at roughly $1.18. At about $1.37, the long-term moving average is still significantly higher.
XRP/USDT Chart by TradingViewThe general bearish setup is maintained by the negative slopes of all major averages. Sellers are also favored by momentum. The daily RSI is now below its signal average of 41.7, at about 38.3.
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Since XRP is not yet significantly oversold, there may be more declines before momentum reaches a clear exhaustion point. As a result, the critical support zone is between $1.00 and $1.03. Losing it would expose $0.95 and $0.90 and eliminate the last remaining psychological support.
In order to recover, XRP must first recover $1.07–$1.09. A significant structural improvement would be represented by a move above $1.18.
Zcash enters dynamic supportZcash's technical picture is significantly better. Despite recent consolidation, ZEC is still above every significant moving average on the daily chart, trading at about $505. The closest dynamic support is located at about $497, and the moving averages are at about $481 and $469.
ZEC/USDT Chart by TradingViewMore significantly, the long-term average at $421 is still rising. As long as buyers protect the $469–$481 range, this alignment makes ZEC's medium-term structure constructive. Rather than being overheated, momentum is neutral. The RSI is close to 52.6, just above its 49.5 signal line.
This allows ZEC to travel in any direction without the setup being hampered by an extreme momentum reading. Establishing a strong breakout above the $510–$520 range is the current challenge.
Recent candles indicate persistent reluctance in this area. Clearing it could reopen the $540–$560 range, where selling pressure was present during the previous July rally. After that, the next significant resistance is about $580. On the other hand, a decline below $469 would put the current bullish structure in jeopardy, while a loss of $497 would weaken the immediate setup.
ZEC is still technically superior to XRP for the time being. Although the price is above rising long-term support, buyers still need a breakout above $520 to resume significant upward momentum.
Can Ethereum (ETH) finally recover?Although Ethereum is making an effort to create a recovery structure around $1,900, the daily chart still shows ETH at a significant technical barrier. The asset is trading close to $1,905, almost exactly in opposition to the moving average at $1,923, which has consistently constrained upside since the June collapse.
ETH/USDT Chart by TradingViewSince the June low of about $1,550, short-term conditions have significantly improved. Since then, ETH has experienced higher lows and recovered the shorter moving averages at roughly $1,877 and $1,806. The former now serves as immediate support, but if the current consolidation breaks downward, the $1,800–$1,805 range is a more crucial level.
Although it has recently flattened, the RSI is currently at 54.8, above the neutral 50 level. This is consistent with price action: buyers are still in some control, but they have not created enough momentum to cause a breakout.
A daily close above $1,923–$1,950 is the first prerequisite. The psychological $2,000 level and, eventually, the long-term moving average around $2,143 could be reached if this area is cleared. Until then, ETH is still attempting to recover within a much more expansive bearish structure.
Bitcoin remains in consolidationWith increasingly compressed price action, Bitcoin is still consolidating around $64,800, indicating that the market is getting close to making another directional decision. After rising from roughly $58,000, Bitcoin has been able to maintain a relatively stable support structure by staying above its shorter moving averages around $64,239 and $63,343.
BTC/USDT Chart by TradingViewAdditionally, the RSI at 53.9 is still somewhat bullish without getting close to overbought territory. The overhead resistance is the issue. The $66,000–$67,000 range is the current barrier for Bitcoin since it is still below the falling moving average at $66,817.
The much stronger long-term average, at about $72,192, is located above that. The recovery would be strengthened and $70,000–$72,200 might be back in play with a strong break above $66,800.
But losing $63,300 would expose $60,000, followed by the June bottom at about $58,000, undermining the current higher-low structure. Bitcoin is not yet confirming a bullish reversal or breaking down. The larger trend will be limited until Bitcoin can firmly reclaim $66,800 and start challenging the $72,000 area, even though short-term momentum has recovered.
XRP continues to struggle, remaining locked in a bearish pattern after its latest attempt at stabilization. The cryptocurrency trades at $1.03, dangerously close to the key $1 level that many see as psychologically significant.
XRP: Bearish trend persistsTechnical indicators for XRP show the asset below all four of its major daily moving averages. Short-term resistance levels are found at $1.07 and $1.09, while a stronger ceiling stands at $1.18. The long-term moving average sits much higher, at $1.37, adding to the current downward pressure.
All major averages continue to slope downward, maintaining the general bearish outlook. Momentum currently favors sellers. The daily Relative Strength Index (RSI) registers at 38.3, below its signal average of 41.7, reflecting continued weakness. Importantly, XRP does not yet appear oversold, which suggests there may be further declines before any significant rebound.
Critical support for XRP remains between $1.00 and $1.03. A drop below this range would leave $0.95 and $0.90 as the next support levels, with little psychological backing remaining.
A move above immediate resistance at $1.07 to $1.09 is needed for recovery, and overtaking $1.18 would signal a more significant structural improvement for XRP.
AssetCurrent PriceImmediate ResistanceKey SupportRSIXRP$1.03$1.07–$1.09$1.00–$1.0338.3Zcash: Technical leadershipZcash (ZEC), a privacy-focused cryptocurrency, presents a more optimistic technical picture. Despite some market consolidation, ZEC continues to trade above all significant daily moving averages, currently holding at $505. The closest immediate support is around $497, with further support at $481 and $469.
The long-term moving average for ZEC is trending upward at $421, and as long as the asset holds above the $469 to $481 band, its medium-term outlook remains positive. The RSI stands at 52.6, just above the 49.5 signal line, indicating neutral market momentum.
For further gains, ZEC must break decisively above the $510 to $520 resistance range. Recent price action highlights reluctance in this area, but a successful breakthrough could open the path to $540–$560, where previous rallies met selling pressure. Strong resistance remains at $580, while a decline below $469 would threaten the asset’s positive structure.
As long as ZEC maintains support above $469 and achieves a clear breakout above $520, its bullish momentum could continue in the medium term.
AssetCurrent PriceImmediate ResistanceKey SupportRSIZEC$505$510–$520$497, $469–$48152.6Mini dictionary: Zcash (ZEC) is a cryptocurrency built for privacy and selective transparency of transactions, using cryptographic techniques to shield transaction details on its blockchain.
Ethereum and Bitcoin look for decisive trendsEthereum is attempting to build a recovery pattern, trading near $1,905 and facing a significant barrier at its daily moving average of $1,923. This resistance point has held since the June crash, blocking recent rallies. Since reaching a low of $1,550 in June, Ethereum has achieved higher lows and reclaimed shorter moving averages around $1,877 and $1,806, offering nearby support. If the current consolidation fails and price drops, the $1,800–$1,805 band becomes critical for buyers.
Current momentum is balanced, with the RSI measured at 54.8, reflecting modest buyer control but no clear breakout catalysts. Overcoming $1,923–$1,950 would be necessary before Ethereum could target $2,000 and potentially $2,143, its long-term average.
Bitcoin, the largest cryptocurrency by market capitalization, is consolidating near $64,800 after rebounding from $58,000. The coin stays above short-term moving averages around $64,239 and $63,343, forming a stable support base. Its RSI sits at 53.9, suggesting mild bullishness.
Bitcoin’s next resistance lies in the $66,000–$67,000 range, with a major long-term average at $72,192 overhead. Breaking above $66,800 could put the $70,000–$72,200 targets back in focus. Conversely, falling below $63,300 would threaten further declines toward $60,000 and potentially the June low at $58,000. The market remains in a holding pattern as traders wait for a clear signal.
AssetCurrent PriceImmediate ResistanceKey SupportRSIETH$1,905$1,923–$1,950$1,800–$1,80554.8BTC$64,800$66,000–$67,000$63,343–$64,23953.9Disclaimer: 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.
Robinhood Markets on Monday said it will start offering crypto trading in the UK, giving users access to over 50 cryptocurrencies including Bitcoin, Ethereum, XRP, and Hyperliquid. The all-in-one app will offer crypto trading through Bitstamp UK this week. HOOD stock jumps in premarket hours.
Robinhood Announces Crypto Trading Launch via Bitstamp in the UK Robinhood has begun rolling out crypto trading to eligible UK customers via Bitstamp, adding more than 50 crypto assets to its app. This also includes stocks, ISAs, options, and futures as Robinhood continues to expand its broader crypto ecosystem.
As part of the launch, Robinhood will charge zero trading fees, no account maintenance fees, and no custody fees. However, users must pay a 0.1% foreign exchange fee, which could increase to 0.3% for certain weekend conversions.
However, crypto holdings through Bitstamp UK are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
The firm also introduced “Robinhood Cortex Digests for Crypto,” a generative AI-powered tool that analyses breaking news, market data, technical indicators and Robinhood’s insights. The AI service helps explain the key factors driving price movements of individual crypto assets on a given day.
“Our new product provides a transparent, low-cost alternative to many incumbent U.K. platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers’ returns,” Robinhood said.
The launch comes as Robinhood secured crypto registration in UK from the Financial Conduct Authority (FCA). It enabled Robinhood’s UK business to operate legally and meet UK anti-money laundering (AML) requirements.
HOOD Stock Jumps HOOD stock price climbed 0.77% to above $94 as Robinhood continues to expand services. The stock closed 2.84% higher at $93.29 on Friday after moving in the $92.52-$95.75 range.
The stock has surged nearly 8% after reporting its Q2 earnings. While earnings beat Wall Street estimates, crypto transaction revenue dropped to $100 million. However, Robinhood’s launch of crypto trading in the UK could boost its crypto revenue.
Bernstein maintained a $160 price target on HOOD stock, implying about 85% further upside. The firm pointed to Robinhood Chain, tokenized stocks, Bitstamp, and Robinhood Earn as new growth areas.
For investors seeking on-chain exposure to traditional equities, check the best exchanges for tokenized stocks that provide a secure bridge to hybrid digital assets.
Robinhood has expanded its UK investing app into crypto, giving eligible customers access to more than 50 digital assets while adding an AI-powered tool to explain market moves.
UK customers can now buy and sell more than 50 cryptocurrencies, including Bitcoin, Ethereum, XRP and Hyperliquid, through Robinhood’s main app. The service operates through Bitstamp UK, the crypto exchange Robinhood acquired for $200 million last year.
The company said there are no trading, custody or account maintenance fees. Customers will instead pay a 0.1% foreign exchange fee when converting currencies, while some weekend conversions carry a 0.3% fee.
The rollout follows Robinhood’s registration with the Financial Conduct Authority (FCA) on July 31. Bitstamp UK is also FCA-registered. Crypto assets held through the service are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service.
Cortex brings AI into crypto tradingAlongside the trading launch, Robinhood is introducing Cortex Digests for Crypto. The generative AI feature reviews breaking news, market data, technical indicators and Robinhood’s own insights to explain what may be driving price movements.
The vision is to give users a simple market summary without making them dig through multiple sources.
Robinhood expands its crypto ecosystemThe company is also pushing its blockchain business through Robinhood Chain, a Layer 2 network built using Arbitrum technology. Robinhood said the network has recorded more than $18 billion in decentralized exchange trading volume and over $840 million in total value locked since its July 1 launch.
Developers, including those in the UK, can build applications on the network.
UK rules will tighten furtherRobinhood’s launch comes before the UK’s new crypto authorization regime. Applications are expected to open in September 2026, with the new framework scheduled to take effect in October 2027. Robinhood’s current FCA registration will not replace the authorization required under that future system.
The UK expansion also comes as Robinhood’s crypto transaction revenue fell 38% year over year to $100 million in Q2 2026. Still, total revenue rose 32% to $1.31 billion, while prediction-market revenue reached $156 million.
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XRP analyst Dark Defender reported that XRP’s weekly Relative Strength Index (RSI) has reached a bottom, suggesting an imminent trend reversal if certain price levels hold. The widely followed trader shared a chart on X showing XRP’s price action within an Elliott Wave structure, specifically highlighting a corrective sub-wave inside a larger five-wave formation.
The reversal callThe chart from Dark Defender tracks XRP’s movements against the US Dollar on a weekly scale. The analysis marks a five-wave pattern beginning near $0.43, capturing a correction within wave 5. This correction is broken down into five sub-waves, now positioned at the final point as the RSI dips to 32.60, signaling oversold conditions.
Dark Defender emphasizes the $1.05 area as a crucial technical floor. According to the analysis, holding this level could set the stage for a substantial upward move, completing the five-wave sequence that has developed over several years.
Dark Defender expects “the strongest reversal in history above the $1.05 zone,” with the chart referencing Fibonacci extension targets between $2.90 and $38.30 by 2027.
The chart references Fibonacci extension levels: $2.90 at the 200% extension, $7.46 at 300%, and $38.30 at 427.20%, with wave (5) potentially reaching the upper end of this range. While such upside projections are ambitious, the analyst notes these outcomes are contingent on price stability above $1.05 in the coming weeks.
Mini dictionary: Elliott Wave — A technical analysis tool used to identify recurring long-term price patterns and investor psychology in financial markets, often involving five-wave and corrective sequences.
Reader reactions splitFollowers of Dark Defender’s post expressed a range of opinions on the prospects for XRP. Some, like user JEFF_GO_GET_IT, showed support for bullish scenarios, writing: “.88 and buy a fck ton more,” and expressing willingness to hold even if XRP’s price movement turns volatile.
Others remain highly skeptical. PJ, posting under @PeterWeldon11, criticized technical analysis forecasts, noting, “All you chart guys have been wrong. I’ve yet to see one of you correct.” This sentiment echoed through over 600 views and multiple likes, revealing underlying doubt in the approach.
Commenters like Cryptofanatic420 presented a more balanced view, noting the downtrend aligns with expectations that regulatory clarity could arrive by September or October, but cautioning that if this does not occur, further declines may follow. Meanwhile, Dimitar Ivanov openly rejected the bullish thesis, urging others to consider shorting XRP.
Traders observed the timing of the chart setup matches speculation around upcoming regulatory changes, fueling both optimism and ongoing debate within the community.
Reading the RSI signalThe latest thesis relies heavily on the weekly RSI entering oversold territory. Technical traders often interpret this as a sign that downward momentum could be waning. Dark Defender’s chart highlights the RSI’s yellow moving average flattening just as the final sub-wave completes, reinforcing his argument for a reversal.
For this scenario to unfold, analysts warn that XRP needs to defend the $1.05 critical support level in the coming trading sessions. At present, XRP is consolidating near the support zone identified in the analysis, with market participants split between anticipating a breakout and bracing for further losses. The outcome of the next several weekly closes at or above $1.05 will likely determine which side’s forecast prevails.
Price LevelTechnical Significance$0.43Start of five-wave pattern$1.05Key support/floor for reversal$2.90 – $38.30Target range based on Fibonacci extensionsDark Defender is recognized among the crypto community for applying detailed Elliott Wave analysis to XRP. The debate continues as market participants watch closely for decisive price movements near the highlighted support level.
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.
XRP struggles amid weaker ETF inflows, while UE Crypto expands access to cloud mining with free services and mobile management for major crypto assets.
Summary
Weak XRP ETF momentum and RLUSD activity keep XRP near its yearly low as UE Crypto launches free cloud mining. XRP struggles near $1.04 amid softer ETF demand, while UE Crypto expands access to cloud mining through its mobile app. As XRP underperforms Bitcoin and Ethereum, UE Crypto introduces a free mining service supporting BTC, XRP, DOGE and ETH. Recent data shows that the upward momentum of spot XRP ETFs continues to weaken, while XRP price performance remains sluggish, significantly underperforming major digital assets such as Bitcoin and Ethereum.
Affected by factors including slowing ETF inflows and declining trading activity of Ripple’s stablecoin RLUSD, XRP continues to face price pressure. It is currently hovering around $1.0424, only about 3.5% above its yearly low of $1.007, as short-term market caution continues to increase.
Why is cloud mining becoming increasingly popular? Traditional cryptocurrency mining often requires significant hardware investment, professional mining facilities, and 24/7 dedicated maintenance. It not only has high entry barriers and substantial upfront costs, but also involves challenges such as rapid equipment upgrades, high electricity consumption, and frequent equipment failures.
The emergence of cloud mining has fundamentally changed this situation. There is no need to purchase mining machines, deploy equipment, or handle professional maintenance. Users simply select a suitable computing power plan online and can remotely access large-scale computing resources. With one-click participation, automated operation, and earnings settlement, cloud mining enables users to pursue long-term passive income with a low barrier to entry and is becoming an increasingly popular choice among digital asset investors.
UE Crypto launches a new free cloud mining service UE Crypto — a global leading cloud computing power service platform headquartered in the United Kingdom — has officially launched a free cloud mining experience for users worldwide. The platform supports major digital assets including BTC, XRP, DOGE, LTC, and ETH. It has also launched a mobile app, allowing users to check earnings and computing power status at any time while managing contracts and services directly, truly making mining accessible “anytime, anywhere.”
Platform strengths Operates more than 150 modern intelligent mining farms worldwide Deploys more than 6 million high-performance computing devices Uses 100% clean energy, including hydropower, wind power, and solar power, for green and low-carbon operations Services cover users globally, with more than 2 million users served Beginner-friendly and professionally optimized, with a simple and efficient process Invite friends to earn up to 5% commission, with opportunities to win additional rewards of up to $30,000 Three steps to start stable passive income Step 1: Register an Account Visit the official UE Crypto website and complete registration using an email address. The entire process takes approximately 2 minutes. New users receive a $20 trial credit upon registration and can use it to experience daily earnings directly.
Step 2: Choose a computing power contract The platform offers multiple income plans, with investment amounts ranging from $100 to $100,000, providing flexible options for different budgets and expected returns. Contract terms, durations, and expected earnings are all publicly disclosed and transparent.
Step 3: Earnings are automatically credited Once the contract takes effect, the system automatically allocates computing power and begins daily settlement. No manual monitoring or technical operation is required. Earnings can be withdrawn at any time to a personal digital wallet or reinvested into new contracts to achieve continued growth and compound returns.
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Ripple (XRP) holds firmly above the $1.00 near-term support at the time of writing on Monday. The remittance token’s upside is capped under key descending moving averages, undermining the broader technical outlook.
XRP attracts modest capital inflowsRetail interest in derivatives continues to gain momentum, as perpetual futures Open Interest (OI) climbs to an average of 2.41 billion XRP on Monday from 2.39 billion XRP the previous day.
Broadening the view, OI was at 2.12 billion XRP on August 5, a 12% rise. If this momentum in retail participation persists, XRP could defend the key $1.00 support, raising the probability of a sustained recovery.
XRP Futures OI | Source: CoinGlassUS-listed XRP spot Exchange-Traded Funds (ETFs) attracted $1.01 million in inflows last week, further reinforcing the bullish momentum observed in recent weeks. Total cumulative inflows have reached $1.51 billion, while assets under management now stand at $953 million.
XRP ETF flows | Source: SoSoValueTechnical analysis: XRP remains pressed toward $1.00 supportXRP trades at $1.03, extending a bearish near-term bias as price holds beneath the cluster of Exponential Moving Averages (EMAs) and the prevailing downward resistance trendline. The 50-day EMA at $1.10, the 100-day EMA at $1.18 and the 200-day EMA at $1.37 all sit above spot, suggesting the broader trend remains under pressure, while the downward resistance line, now projected around $1.05, continues to cap recovery attempts.
Momentum indicators reinforce this weak tone, with the Relative Strength Index (RSI) hovering near 40 and the Moving Average Convergence Divergence (MACD) in negative territory, hinting that rallies are still likely to be sold.
XRP/USDT daily chartOn the topside, initial resistance lies at the downward resistance trend line near $1.05, where any bounce would first be challenged. A break above this barrier would expose the 50-day EMA around $1.10, followed by the 100-day EMA at $1.18, while the 200-day EMA near $1.37 stands as a more distant cap within the broader downtrend. The pair remains vulnerable to further downside as long as it trades below these stacked resistances.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Ripple FAQs Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.
XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.
XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.
XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
Bitcoin Primed for 'Explosive' Breakout in New Expert Forecast; Ex-Meta Exec Sparks Buzz Over New XRP Startup; Mining Titan MARA Secures $1.63 Billion Cash-Out — Morning Crypto Report
XRP remained in an unusually tight trading range for 16 hours following a sharp selloff and rebound, with neither buyers nor sellers gaining control according to recent market data. CoinCodex reported that XRP hovered near $1.03 as the asset oscillated between key technical levels, drawing attention from technical analysts focused on the current deadlock.
Analyst highlights key levels and technical standoffMarket analyst EGRAG CRYPTO identified the $1.05 resistance level as crucial for a potential breakout, while viewing $1.008 as critical support. The sustained lack of significant price movement, as seen in four consecutive 4-hour candles with minimal change, reflected a deadlock between competing market forces.
EGRAG CRYPTO emphasized that neither side has established dominance over the market during this period, and highlighted the importance of monitoring these levels for signs of renewed volatility. A move above $1.05 could confirm the return of bullish sentiment, while a drop below $1.008 might point to fresh selling pressure in the days ahead.
At around $1.03, based on CoinCodex data, XRP is sitting between two levels that could dictate its next major move. $1.05 is the key breakout and reclaim level, according to EGRAG, while $1.008 remains critical support. A decisive break above or below either level could quickly bring volatility back after hours of near-total inactivity.
Volatility compression points to looming breakoutThe current market pattern displays signs of volatility compression, commonly viewed as a precursor to a significant move. Technical analysts frequently interpret long periods of inactivity following swings in price as the market awaiting a catalyst. Should volume return in force, market participants watch for the break through either resistance or support to set the direction.
The $1 region remains in focus after XRP recently marked its lowest daily close of 2026, sparking renewed debate about potential recovery or continuation of the downturn. Some observers, however, suggest that reclaiming resistance may lay the groundwork for a larger upward wave if momentum builds above key levels.
Institutional interest continues to rise as the asset’s profile grows in tokenization and ETF markets. At the same time, products such as CryptoAppsy have made it easier for investors to monitor technical setups and respond instantly to market shifts. CryptoAppsy, which requires no account creation hassle, combines crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, users can instantly seize opportunities by setting up smart price alerts, filtering news specific to their coins, discovering newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
Market awaits catalytic moveAs of now, the chart signals that XRP is locked between $1.008 support and $1.05 resistance, with traders preparing for a potential breakout. The last 16 hours have seen little price movement, but extended periods of compression are typically followed by substantial volatility once a break occurs.
The next decisive break could reveal whether XRP is preparing for another recovery attempt, or whether the recent selloff still has more room to run.
Market participants continue to monitor which side will take control, as the decision at these levels may determine XRP’s direction in the near term. The period of stasis may soon give way to increased trading activity, as both technicals and market sentiment align for a new move.
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’s XRP is in more uncertain waters as traders, with the CLARITY Act not passing prior to the August recess. Polymarket data indicates that the price of XRP is being traded predominantly around the $1 mark, with one contract assigning the $1 price level a 71% chance for the coin to reach that price on August 10.
The prediction market data also suggests that there are not high hopes for a significant near-term rally. The 12% probability rate XRP will hit $1.20 on August 10 comes from a separate Polymarket contract.
XRP Traders Focus On $1 Support Polymarket’s market for XRP on the 10th of August gives a probability of 99% for the price to fall into the range of $1 to $1.10. Only 1% is assigned to the $0.90-$1 range.
XRP price is also 28% likely to hit $1.05 on August 10 according to another contract. The probability that $1 is hit in that market is given as 5%.
Expectations for upside momentum are better in the short-term contracts. The probability of XRP going up is currently at 96% for the next hour, according to Polymarket. After 15 minutes, the chances drop to 76% and after 5 minutes, the chances drop to 50%.
However, the daily and four-hour markets are less bullish. The daily timeframe for XRP has a 10% chance of a rally, and the four hour time frame has a 7% chance of a rally.
Polymarket’s Weekly Market Shows Risk Below $1 The possibility for a further drop becomes clearer in the price action of Polymarket over the past week from Aug. 10 to 16.
Polymarket shows that there is a 50% probability that the XRP price will not reach $0.90 in that time frame. The same market also features a 99% probability that XRP will hit $1.70. These are stand-alone price-outcome contracts, with probabilities associated to the different outcomes.
Polymarket’s longer-term predictions also indicate a lack of significant hopes for XRP breaking a record high. The chance of XRP reaching an all-time high by the end of 2026 is 5%, and the odds for the end of September is 1%.
The potential progress of the CLARITY Act on September 15 could positively affect the XRP price to break out of its $1.08 and $1.12 congestion, according to CoinGape analysis. It will take more volume of trades to move to $1.18. In case the bill is not passed, XRP will re-test $1, and $0.95 may be the next area for XRP to find support.
CLARITY Act Adds To The Uncertainty The XRP price’s bearish outlook is due to another procedural obstacle for the CLARITY Act in the U.S. Senate.
Senate Majority Leader John Thune has introduced a cloture motion to the motion to proceed. The information states that the cloture vote will be held on Sept. 15, just after the August recess.
There’s still disagreement about the ethics provisions in the bill, and the bill has some issues concerning stablecoins. Additionally, some GOP senators have expressed concerns related to stablecoin yield provisions. Separate objections have come from law enforcement groups and prosecutors for the protections of non-custodial developers.
Polymarket have the CLARITY Act at 20% odds of becoming law this year, which is above its low of 13% in recent years.
Corporate treasuries handle extensive volumes of cash management each year, and for the first time, XRP can now be managed directly within the same systems these teams use daily. This development is set to significantly expand XRP’s role in enterprise finance operations.
XRPL integration through GTreasuryGTreasury, a well-established treasury management platform serving more than 1,000 corporate clients across 160 countries, has integrated Ripple Treasury into its system. In 2025, these clients processed $13 trillion in payments through the platform. Ripple has enhanced this infrastructure by introducing Digital Asset Accounts, empowering corporate treasury departments to hold, receive, and manage XRP directly alongside traditional fiat currencies.
This workflow allows companies to transfer cash into Ripple Treasury, move funds into Digital Asset Accounts, convert balances into XRP, and manage these assets within their existing platforms. These capabilities enable connection to cross-border settlements, liquidity management, and tokenized asset functions. As a result, XRP becomes part of basic treasury management, no longer existing as a separate or external product.
Mini dictionary: GTreasury – A global treasury management system providing software for cash and liquidity management, payments, and risk management for corporations worldwide.
GTreasury and Ripple Prime will reportedly bring significant XRP usage to the corporate and institutional sectors in the coming months, with XRP’s role extending far beyond payments alone.
Ripple Prime expands institutional adoptionRipple Prime, the prime brokerage division of Ripple, now serves over 300 institutional clients with more than $3 trillion in annual clearing volume. Institutions can acquire XRP over-the-counter, include it in their portfolios, and employ it for margin structures. The broader strategy positions XRP not only for payments, but also as a bridge for liquidity, FX conversion, and cross-border settlement, while eliminating the need for pre-funded nostro accounts.
The combined use of GTreasury and Ripple Prime streamlines the transaction flow: fiat currency converts to XRP, moves cross-border over the XRP Ledger, and is then converted back to the required local fiat. This system maximizes settlement efficiency and provides 24/7 asset availability for high-volume institutional clients.
Mini dictionary: Nostro account – A bank account held by one bank in another bank in a foreign country, typically used to facilitate foreign exchange and international transactions.
Market expectations and growth forecastMarket analysts highlight this evolving use of XRP within both corporate and institutional finance as a core reason for potential future growth. Ripple Treasury targets the corporate segment, while Ripple Prime focuses on institutional clients, both leveraging XRP as a settlement, liquidity, collateral, and reserve asset through the XRP Ledger.
According to projections shared by industry commentators, XRP adoption is expected to follow a multi-stage trajectory through 2030. Key milestones include the rollout of Digital Asset Accounts, full-scale integration within treasury platforms, and rapid expansion of cross-border payment use cases. The vision for XRP ultimately involves its positioning as a global liquidity reserve asset for multinational transactions.
Product/DivisionTarget ClientsAnnual VolumeKey FeaturesRipple Treasury via GTreasuryCorporate (1,000+ clients, 160 countries)$13 trillionDigital Asset Accounts, direct XRP managementRipple PrimeInstitutional (300+ clients)$3 trillion clearingOTC XRP access, bridge liquidity, FX conversion“XRP isn’t just a crypto asset. It’s the future of global finance.” This statement serves as the summary for Ripple’s expansion thesis, underscoring the anticipated transformation in asset handling and settlement processes.
X Finance Bull, an online commentator focusing on financial technology, claimed that this integration and increased real-world utility are not yet fully reflected in current market prices for XRP. The emphasis is on practical adoption and the sizable financial flows already enabled by the updated platform infrastructure.
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’s XRP remains under sustained selling pressure, with the latest price action pushing the asset back into a critical support area around $1.01-$1.04. Although this zone has attracted buyers before, the broader structure continues to favor sellers, making the current reaction particularly important for the next directional move.
Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP is trading near $1.03 after gradually declining back into the $1.01-$1.04 support zone. This marks another test of an area that already produced notable reactions in late June, yet the latest approach is occurring with relatively weak bullish momentum.
More importantly, the broader trend remains decisively bearish. The price continues to trade inside the large descending channel and well below all moving averages shown on the chart.
The recent sequence of lower highs also remains intact. The previous rebound was rejected around $1.14-$1.15, well before XRP could challenge the more important $1.24-$1.29 resistance zone. Therefore, buyers are increasingly dependent on the $1.01-$1.04 support area holding.
A convincing breakdown below $1.01 would weaken the structure further and could expose the lower $0.88-$0.93 demand zone, which also sits closer to the descending channel’s lower boundary. Conversely, defending current support could produce another relief rebound, but the asset would still need to reclaim higher resistance levels before the broader bearish outlook materially changes.
XRP/USDT 4-Hour Chart The 4-hour chart highlights the immediate pressure more clearly. Since the late-July rejection, XRP has continued printing lower highs beneath the descending trendline, while successive rebounds have become increasingly shallow.
Most recently, the price broke into the $1.01-$1.04 support zone and briefly dipped toward roughly $1.02 before attempting to stabilize. However, the response has so far been modest, with XRP consolidating near $1.03 rather than producing an impulsive recovery. This suggests buyers are defending the area, but have not yet demonstrated enough strength to shift short-term momentum.
The first meaningful improvement would require price to reclaim the descending trendline, currently approaching the $1.07 area. Beyond that, the $1.13-$1.15 resistance zone represents the more important hurdle, as the previous rally was rejected at this region.
Until these levels are reclaimed, the possibility of another liquidity sweep below the recent lows remains elevated. A decisive loss of the $1.01-$1.04 support zone would confirm renewed bearish continuation and shift attention toward sub-$1 levels. Alternatively, a strong rejection from the current support followed by a breakout above the descending trendline could initiate a more substantial recovery toward $1.13-$1.15.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
XRP (CRYPTO: XRP) on SUnday posted its lowest weekly close in nearly two years, snapping the $1.04 support level that had held every week since November 2024.
What Happened To XRP’s Price Last Week?Analyst Alex Marzell flagged on X that the $1.04 support shelf held every single week since November 2024 before finally giving way last week.
Price is already trying to climb back above it, making $1.04 the line that matters most right now.
Losing it cleanly on a weekly basis opens a drop toward $0.75, where the next meaningful support sits on the weekly chart.
Meanwhile, Polymarket currently puts a 65% chance of XRP falling below $1.00 before month-end.
Why The Clarity Act Delay Matters For XRPThe Clarity Act also missed its Senate vote before recess, removing one of XRP’s key narrative catalysts.
Senate Majority Leader John Thune (R-SD) filed cloture on the motion to proceed, with a vote now scheduled for September 15 when the Senate returns.
However, Grayscale said in a note cited by The Moon Show on X that Clarity Act passage odds have fallen significantly, warning the US risks losing crypto investment and developers to other countries.
Is There A Bullish Case Building For XRP?Not every analyst is reading the chart bearishly. Ali Martinez laid out a five-part bull case on X over the weekend, built on two data points:
A monthly buy signal: XRP’s monthly chart just triggered a Tom DeMark Sequential buy signal — the same setup that preceded a 1,074% rally following an April 2020 signal. Whale accumulation: Santiment data cited in the thread shows whale wallets added more than 380 million XRP over the past week, a sign of conviction near current prices. Martinez points to $1.06 as the key resistance to flip, citing roughly 3 billion XRP that changed hands around that price on-chain.
A monthly close above $1.06 would target $1.35 and potentially $1.64 after that.
XRP Price Prediction: Where Does It Go From Here?
XRP holds at $1.027 Monday, bouncing at the broken triangle’s apex with no volume conviction behind the move.
The Parabolic SAR at $1.11 and all four EMAs stack overhead as resistance with nothing meaningful below except the $1 psychological floor.
Hold $1 and a relief bounce toward $1.06 becomes possible. Break it and the measured move to $0.85 becomes the active target.
Image: Shutterstock
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Bitcoin’s halving schedule extends more than a century into the future, with only 4 out of 32 planned events having taken place so far. Yet a recent comparison by cryptocurrency commentator and XRP advocate Bill Morgan has inserted XRP into that timeline, highlighting a key milestone in the asset’s supply distribution.
Linking XRP distribution to Bitcoin’s halving cycleDocumenting Saylor, an account that tracks developments related to Bitcoin and Strategy (previously MicroStrategy), emphasized that the network is still early in its halving schedule. The focus of most investors remains on the next halving, expected in 2032.
Bill Morgan took the analysis further, connecting XRP’s distribution rate to upcoming Bitcoin halvings. According to Morgan, if Ripple—developer of the XRP Ledger and a prominent fintech firm—continues releasing XRP from its escrow at the current pace, the entire finite supply will likely be distributed between the 2032 and 2036 Bitcoin halvings.
Somewhere between the 2032 halving and the 2036 halving 100% of the total finite supply of XRP will be fully distributed based on the current rate of release by Ripple of XRP from escrow.
This broader view places XRP’s supply trajectory on a timeline well-known in the digital asset space, giving both communities a concrete frame of reference.
How Ripple’s escrow mechanism operatesRipple currently holds a substantial share of XRP in escrow and systematically releases it into the market each month. Unused tokens are returned to escrow, and the ongoing process steadily increases the amount of XRP in general circulation.
Morgan’s assessment links this release mechanism to Bitcoin’s halving milestones, proposing that all XRP will be in public hands somewhere between 2032 and 2036 if current conditions persist.
Mini dictionary: Ripple’s escrow is a system in which XRP tokens are locked in smart contracts and released in scheduled monthly increments. This mechanism is designed to provide predictability and transparency for XRP’s circulating supply.
Impact and significance for XRP holdersBitcoin halvings happen approximately every four years. In 2032, the block reward will fall to 0.78125 BTC, and by 2036, it will decrease again to 0.390625 BTC. Placing the end of XRP’s centralized supply release in this eight-year period links it to a major milestone familiar to most crypto investors.
Full distribution indicates that Ripple will hold no remaining XRP in escrow, marking a change in the asset’s supply structure. After this event, the total 100 billion XRP will be circulating, and further expansion of the coin’s supply will no longer be possible.
AssetMain Supply ControlEvent Date/WindowPost-Event StatusBitcoinBlock rewardsHalvings every ~4 years (2032, 2036 next)Rewards shrink, inflation slowsXRPRipple escrow releasesFully distributed between 2032-2036All XRP circulating, no central supplyMorgan’s comments provide XRP investors with a concrete timeframe to anticipate when the asset’s entire supply will be in circulation. This creates a unique comparative landscape alongside Bitcoin, known for its own scarcity mechanisms.
Placing XRP’s 100% distribution between two known Bitcoin halvings offers investors a clear window for when a pivotal supply event will occur, bringing structural changes to how XRP’s value and scarcity are perceived.
Looking ahead: The road to full supplyWhile the complete release of XRP supply remains nearly a decade away, tying its timeline to Bitcoin’s established halving ritual enables investors to track the event more closely. Morgan suggests the specificity of this comparison may help market participants prepare for a fundamental change in XRP’s supply dynamics.
The timeline serves as a reference point for those watching for major events that could affect both asset value and market perceptions of scarcity within the broader crypto ecosystem.
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 XRP continues to underperform the rest of the crypto market. The price of XRP is still stuck in a formation traders call a death cross, a classic bearish indicator. Besides the macro headwinds, for the Ripple-linked token, it may just come down to a lack of Clarity. It was a quiet, red-tinged day across crypto, and XRP spent it near the bottom of the pile.
While the market as a whole has been in a flat, choppy state for the last several weeks, it’s XRP—the cryptocurrency created by the founders of payments company Ripple—that continues to underperform: rising less when others are gaining, and falling harder when others drop.
The reason could be the market current lack of clarity—or, rather, the delay of the long-awaited Digital Assets Market Clarity Act.
The Clarity Act, which if passed would create the first formal legal framework for crypto assets in the United States, matters more for XRP than it does more established cryptocurrencies like Bitcoin and Ethereum. The legislation would formally classify XRP as a digital commodity, stripping the regulatory ambiguity that has weighed on institutional demand for years. Traders price that in faster than lawmakers move.
The Senate was unable to vote on the bill before the August recess, dashing what little hope remained that the legislation would be passed this year. However, Majority Leader John Thune did file cloture on the bill late last week, before lawmakers headed out, locking in a procedural vote for September 15.
The bill still needs 60 votes to clear the filibuster, and with Democrats holding out, analysts call its 2026 odds a long shot. That's a different picture from late July, when reports that President Donald Trump would accept the bill's stalled ethics provision sent Polymarket odds of passage from 32% to 43% and sparked a broad rally.
The numbers in the crypto charts today show the cool-down. In the top 10 by market cap, XRP was the worst seven-day performer at -4.96%, while Solana gained 3.64% and Bitcoin rose 1.17% over the same stretch. XRP also slipped 1.24% on the day, against a market that was mostly flat. The token is acting like the Clarity trade is being unwound.
XRP price: What the charts say
XRP is trading at $1.0282, at around a $64 billion market cap, down 0.17% on the day and the weakest of the top 10 over the past week, pinned just above the $1.0128 swing low in a market that still carries a death cross—a bearish signal that traders pay close attention to.
XRP price data. Image: TradingviewThe trajectory is the story. On the daily chart, XRP has logged lower highs and lower lows for weeks, bleeding from the late-June area near $1.3, down to where it sits now.
The July 21 Clarity pop that briefly tagged $1.15 failed and rolled straight back over. That bounce now looks exactly like what bull traps are supposed to look like, not a trend change. Price isn't building a base; it's drifting just above the $1.0128 floor, and a market this trendless can compress longer than most traders expect.
The average price of the last 50 days (EMA50) still sits below the 200-day average (EMA200), in the formation traders call a death cross. Exponential moving averages smooth out average price over a set period; when the shorter-term average trades under the longer-term one, it tells you the medium-term trajectory remains down.
Bulls need a daily close back above the EMA cloud to change that reading structurally, and they don't have it. To achieve this, XRP would need to spike at least more than 8%.
The Relative Strength Index, or RSI, reads 38.2. RSI is a momentum gauge on a 0–100 scale: above 70 is overbought, below 30 is oversold. At 38.2, XRP is below the neutral 50 line and leaning bearish, but not yet in the oversold zone that tends to attract bargain hunters.
The Squeeze Momentum Indicator is off, which means there is still some structure in the bearish trend. With the squeeze inactive and momentum negative, there's no volatility coil loading to fire XRP upward. That's not the signature of a squeeze about to fire upward.
The Average Directional Index, or ADX, sits at 14.6. ADX measures trend strength regardless of direction; readings under 20 mark a directionless, choppy tape where false breakouts and stop hunts are common. At 14.6 the trend has no real conviction behind it—though the directional indicators tilt bearish (DI- sits above DI+), which lines up with the death cross rather than fighting it.
The bull case: a daily close back above the Fibonacci resistance at $1.0486 is the first proof buyers are showing up, opening a run at the EMA cloud and then the golden zone at $1.0887–$1.1066. That requires the Clarity Act story to reaccelerate, not just linger.
The bear case: XRP loses the $1.0128 swing low and the round $1.00 figure gives way, which opens a measured move toward the lower-$0.90s. The death cross and the negative Squeeze momentum both point the same way. For now, the path of least resistance does not appear to be up.
The bull case exists, but it's thin. XRP is a Clarity Act proxy trading like the bill's odds just fell to 21%, and the chart underneath agrees.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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