Track market-moving stories before they get noisy

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $244.4 million on Wednesday, continuing a three-day winning streak. Over this period, inflows reached $626 million, signaling renewed investor interest at the start of August.

BlackRock’s dominant positionBlackRock, the world’s largest asset management company, remains the frontrunner among Bitcoin ETFs. Its iShares Bitcoin Trust attracted $479 million in inflows over the last three trading sessions, according to data from Farside Investors.

The fund’s total net inflows have climbed to nearly $61 billion, maintaining its leading role in the sector. No other US spot Bitcoin ETF matched BlackRock’s inflow figures during this recent period.

BlackRock’s iShares Bitcoin Trust drew $479 million in three days, pushing total net inflows near $61 billion and solidifying its position as the leading US spot Bitcoin ETF for this week.

Investors have steadily returned capital to BlackRock’s and other spot Bitcoin ETFs, underlining confidence in these products amid fluctuating market sentiment.

Bitcoin price holds steady, market remains cautiousBitcoin’s price briefly surged above $64,920 on Wednesday as positive fund flows continued. By the close of the day, the leading cryptocurrency was trading near $64,744, representing a 0.7% gain over the previous 24 hours, based on data from CoinGecko.

Despite the rebound, market participants exhibited caution. The Crypto Fear and Greed Index, a widely referenced measure of investor sentiment in cryptocurrency markets, scored 25 on Wednesday, indicating persistent “Extreme Fear.” This marked a slight decline from the previous day’s score of 27.

The index tracks emotions and attitudes across the digital asset market, with lower values reflecting heightened fear among investors.

Mini dictionary: Crypto Fear and Greed Index, a metric that evaluates overall investor sentiment in the cryptocurrency market using factors such as volatility, trading volumes, and social media activity.

Ether and XRP ETFs divergeSpot Ether ETFs also attracted fresh investment, with net inflows of $60.9 million on Wednesday. This marked the second consecutive day of positive flows, lifting their two-day total to $114.6 million.

In contrast, XRP ETFs reported net outflows of $3.58 million on Wednesday. As a result, total net assets in XRP ETFs dropped to $993.4 million. However, cumulative net inflows across all XRP ETF products remained positive at $1.51 billion.

ETFNet inflow/outflow (Wednesday)Recent streak totalTotal net assetsBitcoin (all US spot ETFs)$244.4 million (inflow)$626 million (3 days)N/ABlackRock iShares Bitcoin TrustIncluded above$479 million (3 days)Nearly $61 billionSpot Ether ETFs$60.9 million (inflow)$114.6 million (2 days)N/AXRP ETFs$3.58 million (outflow)N/A$993.4 millionThe differing trends across major crypto ETFs highlight varied investor sentiment. While both Bitcoin and Ether products saw meaningful gains, XRP ETFs lost ground as net assets declined for the week.

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.

9h20 ▪ 5 min read ▪ by Luc Jose A.

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While volatility continues to dominate the crypto market, the largest investors follow a contrary path. According to the latest “Smart Money” report from CryptoQuant, the most influential wallets are massively accumulating bitcoin, Ethereum, and XRP, despite a climate marked by uncertainty. This buying strategy comes at a time when several valuation indicators return to levels historically associated with the ends of bear markets. Behind these movements lies a deep trend: an increasing concentration of assets in the hands of institutional investors.

In Brief Whales have accumulated nearly 190,000 additional BTC since December 2025, bringing their reserves to 3.06 million Bitcoin. Giant wallets (10,000 to 100,000 ETH) reach an all-time high of 19.6 million Ether. Big players accumulate the token without rushing the prices, maintaining dominant spot activity. According to CryptoQuant, this liquidity absorption during a downturn is the classic marker of savvy investors. The explosion of whale reserves on bitcoin and Ethereum While a whale just moved 1 billion in bitcoins, the analysis report reveals a massive transfer of liquidity towards very large-cap wallets. CryptoQuant data confirms that large holders systematically take advantage of prolonged downturn phases to increase their exposure, to the detriment of the market’s most vulnerable investors.

This discreet buying phenomenon has accelerated dramatically over recent months on the two main protocols of the ecosystem. The concentration of tokens in the hands of high-capital entities now reaches record levels, as evidenced by precise on-chain metrics :

Bitcoin (BTC) : whale reserves rose from 2.87 million BTC in December 2025 to about 3.06 million BTC, with a marked acceleration after falling below 60,000 dollars in June ; Ethereum (ETH) mid-tier : wallets holding between 10,000 and 100,000 ETH reached an all-time combined high of 19.6 million ETH ; Ethereum (ETH) giant wallets : addresses holding over 100,000 ETH absorbed nearly 1.8 million additional ETH since mid-2025. This frenzy of accumulation observed on the sector’s two giants profoundly changes the ownership structure of circulating tokens. By removing a considerable amount of assets from the liquid market during price downturns, major players mechanically reduce the immediately available supply. CryptoQuant sums up this strategy with an unequivocal theoretical conclusion: “increase in whale balances during price weakness is the clearest indicator of savvy investors”. Thus, this absorption capacity during price contraction episodes demonstrates experienced investors’ willingness to build major positions in anticipation of the next cycle.

The gap in realized prices and passive absorption on the XRP crypto Beyond the increase in wallet balances, the analysis of the realized price, the estimation of the average on-chain break-even price for all coins, provides essential insight into the fundamental value of assets. Current data show divergent configurations: bitcoin trades at 63,935 dollars against an estimated realized price of 52,900 dollars, while Ether trades in an undervaluation zone at 1,858 dollars compared to a realized price of about 2,450 dollars. XRP stands at around 1.10 dollars, trading within a range between 1 and 1.20 dollars, for an estimated realized price of about 0.75 dollars.

On the Ripple crypto market, the average size of spot orders remains firmly in the category of large whales defined by CryptoQuant. However, the metric of the cumulative taker volume delta over 90 days remains neutral. This fundamental technical detail reflects a dynamic of passive absorption of sell orders by big players, rather than aggressive impulse buys at market price. Such behavior confirms that savvy investors methodically accumulate liquidity sold by the impatient without prematurely pushing prices up.

Market floor and seller capitulation signals This accumulation phase aligns with other research works identifying end-of-bear-cycle indicators. The company 10x Research notes in this regard that bitcoin could validate confirmation of a bear market bottom by managing to close monthly above the key level of 63,000 dollars.

For its part, firm K33 indicated in a report published on July 7 that the main crypto historically reaches the lowest point of its cycle in the weeks following the moment when more than half of its circulating supply is held at a loss.

Nevertheless, a rigorous analysis requires tempering these promising prospects. Although this pattern of accumulation by whales has historically preceded market bottoms, CryptoQuant explicitly reminds that the market remains exposed to further downside risks in the short term. Final confirmation of a bottom will depend on the market’s ability to transform this passive absorption into a sustainable buying impulse.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).

Iran and Oman eye Strait of Hormuz dealIran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway.

A senior Gulf official assesses the probability of a deal being reached by Friday at 50%.

US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Iran’s fractured political system and negotiating stance.

Moreover, Iran has continued to deny negotiations with the US despite President Donald Trump's optimism on Tuesday that a deal could be announced this week.

Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear territory at 25 on Thursday, down from 27 the day before. This broadly means that appetite for risk assets remains on the back foot as investors assess the direction the US and Iran are likely to take if negotiations fail.

Crypto Fear & Greed Index | Source: Alternative"Investors remain focused on several key variables, including the Federal Reserve's monetary policy outlook, global liquidity conditions, the performance of the US Dollar (USD), and developments in the international geopolitical landscape,” Simon-Peter Massabni, Business Development head at XS.com, said in a comment.

Bitcoin builds on reclaimed supportBitcoin holds a modest bullish bias as it trades above the short-term 50-day Exponential Moving Average (EMA) at $64,673 and above the reclaimed downtrend resistance trendline around $63,514, while still capped by the Parabolic SAR at $65,404.

Momentum is constructive, with the Relative Strength Index (RSI) hovering near 54 and the Moving Average Convergence Divergence (MACD) line turning slightly positive, which together hint that buyers are gradually regaining control even though the broader trend remains constrained by the 100-day and 200-day EMAs at $67,043 and $72,505, respectively.

BTC/USDT daily chartOn the downside, initial support emerges at the 50-day EMA near $64,673, followed by the former descending trendline barrier turned support around $63,514. On the topside, immediate resistance is defined by the Parabolic SAR at $65,404, with further hurdles at the 100-day EMA around $67,043.20 and then the 200-day EMA near $72,505, levels that would need to be decisively cleared to strengthen the bullish continuation narrative.

“Bitcoin continues to trade roughly 50% below its all-time high reached in October, highlighting that the market still requires new catalysts to establish a stronger bullish trend,” Massabni added.

Altcoins technical outlook: Ethereum rebounds as XRP weakensEthereum trades at $1,913, holding above the 50-day EMA at $1,856 and the broken rising trendline support near $1,859, which together underpin a mildly constructive near-term tone. Still, the pair remains capped beneath the 100-day EMA at $1,925 and the 200-day EMA at $2,134, keeping the broader recovery in check until these levels are reclaimed.

The RSI around 56 suggests moderate bullish momentum, while the MACD still prints a negative histogram, hinting that upside pressure is improving but not yet dominant.

ETH/USDT daily chartImmediate support lies at the $1,913 area as a short-term pivot, followed by the former trendline break level at $1,859 and then the 50-day EMA at $1,856, where buyers are likely to defend the broader uptrend structure. On the topside, initial resistance emerges at the 100-day EMA at $1,925. A sustained move above this barrier would open the way toward the more significant 200-day EMA at $2,134, beyond which the medium-term bullish case would be reinforced.

XRP, on the other hand, maintains a bearish near-term bias as the spot price holds beneath the 50-day EMA at about $1.11, the 100-day EMA near $1.20, and the 200-day EMA around $1.39, keeping the broader recovery capped. Bollinger Bands show price trading below the midline at roughly $1.09, while the RSI near 40 and a negative MACD reading hint at subdued momentum consistent with continued downside pressure.

XRP/USDT daily chartOn the topside, initial resistance emerges at the Bollinger Band midline around $1.09, with the 50-day EMA at $1.11 reinforcing a nearby supply zone before stronger caps align at the 100-day EMA near $1.20 and the 200-day EMA around $1.39. On the downside, the lower Bollinger Band at approximately $1.04 acts as immediate support. A clear break under this level would open the door to further weakness as sellers retain control below the stacked daily EMAs.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Despite months of weak price action across the crypto market, some analysts believe several large-cap altcoins are trading below their long-term value. The analysis highlights Solana (SOL), Chainlink (LINK), and XRP, citing continued development, institutional interest, and growing network activity despite the broader market downturn.

Solana Still Drawing Institutional DemandAmong the three, Solana is viewed as the strongest recovery candidate.

SOL remains about 75% below its all-time high and has returned to price levels last seen in late 2023. Its monthly momentum has also weakened to its lowest level on record.

Despite the decline, U.S.-listed Solana investment funds, launched in October 2025, recorded inflows on every trading day last month. The funds now manage about $1 billion in assets, with nearly half held by institutional investors, including hedge funds and investment advisers.

Another key development is Alpenglow, Solana’s largest network upgrade to date. Once fully deployed later this year, transaction finality is expected to improve from 12.8 seconds to about 150 milliseconds, significantly reducing settlement times.

However, challenges remain. Solana’s daily network revenue has fallen from about $1.5 million to $314,000, a decline of nearly 80%, as memecoin trading activity slowed.

Retail participation has also weakened. According to on-chain analyst Ali Martinez, wallets holding at least 0.1 SOL declined from 11.84 million to 11.26 million over the past two weeks, a drop of about 5%.

Chainlink Builds While Price LagsChainlink is another project the analysis identifies as undervalued.

LINK continues to trade more than 80% below its all-time high, even as its infrastructure expands across traditional finance.

The network enables banks and financial institutions to connect with blockchain networks without replacing their existing systems.

Its partners include SWIFT, which connects about 11,000 financial institutions, along with firms such as UBS and Euroclear. During the first quarter, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) processed more than $18 billion in cross-chain transaction value.

Institutional access has also expanded through investment products from Grayscale and Bitwise. In addition, roughly 75% of LINK’s total supply is already in circulation, reducing future token dilution.

However, one key challenge remains. Financial institutions can use Chainlink’s infrastructure without directly purchasing LINK tokens. The project also faces growing competition from interoperability networks such as LayerZero and Wormhole -two competing altcoins.

XRP Benefits From Legal ClarityThe analysis also highlights XRP despite its price decline. XRP price is down nearly 43% this year but continues to see broader adoption.

1/4 Why is XRP still discussed as a price story, when it was built for movement? @sagarCBO on why XRP is better understood by what it does than by what it costs. 👇

This content is for informational purposes only and does not constitute investment advice. This content may… pic.twitter.com/0oJCG9KZTp

— evernorthxrp (@evernorthxrp) August 5, 2026 Sagar Shah, Chief Business Officer at Evernorth, said XRP’s long-term value lies in its role in cross-border payments, liquidity, and tokenized assets. According to Shah, adoption—not short-term price movements—will determine the asset’s long-term value.

With the SEC lawsuit largely resolved, XRP now has seven U.S.-listed investment funds, which have attracted nearly $1.5 billion in cumulative inflows since launch.

Ripple’s stablecoin RLUSD has also grown to about $1.6 billion in supply. More RLUSD is now issued on the XRP Ledger than on Ethereum following its expansion into Japan through SBI Holdings. Meanwhile, daily transactions on the XRP Ledger have risen to around 3 million, roughly three times the level seen in mid-2025.

However, RLUSD has also sparked debate within the XRP community.

Stablecoins can perform many of the cross-border payment functions that XRP was originally designed to support, potentially reducing demand for the token. While XRP continues to serve as a bridge asset for currencies without direct trading pairs, its long-term utility will depend on how Ripple positions XRP alongside RLUSD.

Story Ends Here

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Ripple’s native token XRP is approaching the critical $1 threshold, after falling to an intraday low of $1.04 on Thursday. XRP’s persistent downturn now extends more than a year, with the token down 65% from its 2025 highs. Investors who entered the market during the bullish run between late 2024 and early 2025 are now significantly under water on their positions.

Altcoin market sees widespread correctionThe overall altcoin market is experiencing sustained pressure, with corrections seen across several major tokens. Cardano’s ADA, among other digital assets, has also recorded substantial losses amid this broad selloff. Market data shows that Solana and Binance Coin have been the only major altcoins able to maintain relative strength on price charts during the recent declines.

Trading volumes on leading cryptocurrency exchanges have tracked this downtrend, reflecting reduced activity and weaker demand across the altcoin sector. Large-scale investors known as “whales” have scaled back their XRP accumulation, a pattern that is matched by diminished interest from retail traders as well.

XRP faces demand squeeze and weak capital inflowOn-chain analytics suggest that both institutional and individual investors have limited their exposure to XRP. The resulting decline in fresh capital entering Ripple’s ecosystem has restricted liquidity, with most recent transactions being initiated by existing holders rather than new buyers.

Once buying momentum fades, assets like XRP become vulnerable to sharper selloffs due to a lack of support within the order book. Some analysts see these conditions as increasing the downside risk for potential new entrants into the market.

If XRP falls to the $0.90 level, confidence among investors is expected to hit new lows, with few market participants willing to view such levels as an attractive entry point in the absence of stronger fundamentals.

Another factor weighing on sentiment is the slowdown in major strategic partnerships involving Ripple. The company has made fewer announcements about new collaborations with prominent institutions, which some market observers believe has contributed to the negative outlook among traders and investors.

Unlike in previous cycles where partnerships and adoption news fueled price rallies, the lack of headline collaborations now appears to be aggravating bearish pressures in the market.

Investors explore new opportunities outside XRPWith the current lack of clear support levels, buying the dip in XRP carries increased uncertainty. Many traders have shifted attention to emerging sectors such as artificial intelligence, where higher returns have recently drawn significant capital. The migration toward AI-driven investment strategies is being attributed to a perceived opportunity for quicker profits compared to the current state of traditional altcoins.

In this rapidly evolving environment, platforms offering seamless asset access are gaining traction. 1stepSwap, for instance, provides a solution that bridges the gap between traditional finance and the crypto market. By tokenizing real-world assets such as shares of major US companies and commodities like gold and silver, 1stepSwap enables users to diversify their portfolios directly from their wallets and execute trades at market-leading prices within seconds.

As sentiment around XRP remains weak, the broader trend highlights how digital asset investors are reassessing their strategies and seeking more innovative or profitable opportunities across the 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.

XRP has remained under pressure in recent weeks, and new on-chain data suggests traders in the derivatives market have become more cautious amid declining leverage. 

As the token’s price continues to struggle, derivatives data shows that both leverage and Open Interest (OI) have dropped to their lowest levels in months.

This is according to a recent market exposition from CryptoQuant analyst CryptoOnChain. He pointed out that XRP closed at $1.075 on Aug. 3, still below the $1.10 mark. The token now sits close to the lower end of its recent price range. 

XRP Leverage Continues to Decline CryptoOnChain found that XRP’s Open Interest has dropped to between 362 million and 369 million over the past few days. These are the lowest readings seen during the last six months, a period in which Open Interest ranged from 362 million to 519 million, with an average of 435 million.

XRP Leverage and OI | CryptoQuant The analyst also noted that leverage has fallen to a range of 0.139 to 0.142. This places it close to its six-month low of 0.133. 

Compared with their 90-day averages, both Open Interest and leverage have declined by around 12% to 18%. The data suggests traders have gradually reduced their exposure over time.

Liquidation and Funding Rate Data Tell a Different Story Meanwhile, CryptoOnChain also highlighted market activity during XRP’s decline from $1.143 to $1.061. The liquidation data showed a fairly even balance between long and short positions instead of the one-sided wipeout that usually comes with a forced deleveraging event. 

On July 27, long liquidations reached $3.24 million, while short liquidations totaled $470,000. By July 29, the situation had reversed, with $640,000 in long liquidations compared with $548,000 in short liquidations.

According to the analyst, this balanced pattern is different from a typical deleveraging event, where one side of the market suffers much larger losses than the other. 

Funding rates also support this view. Throughout the period, funding stayed within a narrow range of -0.009 to +0.010. Even though week-over-week funding changes rose by more than 1,000%, the actual funding levels remained close to neutral.

XRP NVT Crash The analyst also pointed to XRP’s Network Value to Transactions (NVT) ratio, which has dropped 42.7% below its three-month average. 

During the same period, the network’s transaction count fell by only 23.3%. This suggests that XRP’s market value has fallen much faster than activity on the network. 

On the spot market, Binance deposit addresses remain more than 95% below the quarterly average. Even so, a $2.3 million inflow spike on July 30 shows that liquidity has become thinner, not that it has disappeared.

Considering all these indicators, CryptoOnChain believes the market is going through a quiet reset instead of a major breakdown. 

With leverage and Open Interest sitting near multi-month lows, liquidations remaining balanced, and funding rates staying neutral, traders appear to be reducing risk in an orderly way. 

The analyst added that similar periods in the past have often been followed by either price stabilization or a continuation of the existing trend. The next move will likely depend on whether Open Interest begins to level off or keeps falling along with XRP’s price.

XRP Approaches Key Support Meanwhile, in the short term, XRP continues to trade under pressure. The token currently changes hands at $1.06, marking a 1.98% decline over the past week. 

Its weekly Relative Strength Index (RSI) stands at 33.2, putting it below the neutral level but still slightly above the oversold mark of 30. This shows that sellers remain in control, although bearish momentum has not yet reached its limit.

XRP Weekly RSI Technically, $1.05 remains the key support level to watch. If XRP stays below that level, the price could move toward the important $1.00 psychological support. On the upside, buyers need to push the token back above $1.10 before the short-term outlook can begin to improve. 

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.

Grayscale’s XRP ETF Sold $180 Million in Tokens After Major Loss

XRP is currently experiencing one of its most stable trading periods in recent months. According to CryptoQuant analyst Arab Chain, Binance’s 30-day realized volatility for XRP has declined to 0.34, marking its lowest level in three months. This data points to decreased price swings and a noticeable lull in trading activity after a period characterized by notable fluctuations.

Stabilizing prices signal market consolidationRecent market figures from CoinCodex indicate that XRP is trading at $1.06. This relative stability contrasts sharply with the volatile conditions seen in June, when price movement was significantly higher. Analysts have noticed that both buyers and sellers appear to be in a state of temporary equilibrium, neither pushing the market up nor down with aggressive moves.

Realized volatility assesses how much an asset’s price has actually changed over a certain period, serving as a practical measure of recent market activity. Arab Chain explained, “This decline reflects a notable reduction in daily price fluctuations, suggesting that the market is entering a period of relative calm following the heightened volatility.”

This decline reflects a notable reduction in daily price fluctuations, suggesting that the market is entering a period of relative calm following the heightened volatility.

With realized volatility at a three-month low, day-to-day XRP price changes have narrowed. This often coincides with tighter trading ranges and reduced speculative activity, as traders tend to wait for new signals before committing to substantial trades.

It is common for periods of volatility contraction to be marked by quieter markets, subdued trading volumes, and lower overall noise.

Potential catalysts for XRP’s next moveDespite little current excitement, history shows that muted volatility frequently precedes sharp moves once a fresh catalyst appears. Such drivers can include regulatory announcements, major institutional investment, shifts in macroeconomic factors, or increased trading volumes.

Ripple, the company behind the XRP ecosystem and a prominent provider of blockchain-based payments infrastructure, remains at the center of several ongoing industry developments. Potential regulatory clarity in the United States, Ripple’s continued expansion, rising institutional adoption, and evolving derivatives market strategies are all being monitored by market participants as possible triggers for renewed volatility.

Declining realized volatility is not, by itself, a bullish or bearish indicator. Instead, it typically signals a market in consolidation, where both buyers and sellers are hesitant to make large commitments ahead of formative news or shifts in sentiment.

Traders’ attention turns to key metricsClose monitoring of trading volumes and open interest is ongoing, as these metrics could offer early signs of renewed momentum. Increased buying or selling pressure, once it emerges, could quickly drive prices out of the current tight range.

Recently, activity and chatter around XRP have increased. Prominent mentions of XRP as a potential global bridge currency have circulated in online discussions, including in top search engine results, increasing public attention towards the token.

Several analysts have also suggested that XRP may be in the early phases of a new upward trend, pointing to technical patterns such as a possible Wave 3 advance. A sustained break above significant resistance levels could prompt a substantial price rally, though confirmation is still needed.

For now, with XRP holding the $1.06 mark and Binance volatility at a three-month low, the market remains in a period of calm. As industry watchers anticipate news or structural changes, history suggests this consolidation may set the stage for XRP’s next significant move, upward or downward.

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 remains in focus across the cryptocurrency sector as analyst CryptoBull has identified a long-term technical setup suggesting a possible substantial move above its current price level. His latest technical analysis highlights a projected target of $23 for XRP, far higher than its recent trading range.

CryptoBull projects ambitious targetCryptoBull presented a monthly XRP/USD chart that captures the token’s extended price history on the Bitstamp exchange. His analysis centers around an ascending trendline that he believes underpins significant phases in the asset’s development. Referring to traders waiting for a price drop to $0.87 or $0.73, CryptoBull stated that he expects to meet them instead at $23, underscoring his strong conviction in a future rally.

His declaration reflects a belief that XRP is more likely to surge to double-digit values than revisit previous lows. The chart highlights multiple periods where XRP advanced rapidly, then consolidated before gradually achieving higher support levels.

Those waiting for $0.87 or $0.73, I will see you at $23 for XRP, according to CryptoBull, who maintains that XRP is positioned for a significant breakout rather than a further decline.

Technical analysis supports long-term viewThe monthly candle chart includes a significant upward-sloping trendline, which CryptoBull interprets as a key indicator for his bullish projection. Over the years, XRP has tested this line repeatedly, moving through cycles of sharp rallies followed by corrections and extended consolidation.

Recently, XRP candles have settled well below this long-term trendline after an extended downturn. CryptoBull remains confident, asserting that a recovery above this technical level could drive the cryptocurrency toward the $23 mark.

However, other market analysts argue that XRP may need to dip below $1 before a new breakout occurs, drawing on previous cycles. CryptoBull strongly disagrees, indicating he expects the next major price movement to aim well beyond these levels.

Market outlook and opportunitiesThe scenario laid out by CryptoBull presents a case for a bullish trajectory over a longer time horizon. The $23 mark serves as the focal point in his projection, with the ascending trendline offering technical justification for his outlook.

Meanwhile, Google’s Gemini AI recently suggested that XRP may remain in a consolidation phase throughout August, reflecting uncertainty among algorithmic forecasts. Should the market shift momentum toward the upside and XRP break above its established resistance, the early stages of CryptoBull’s target scenario could unfold.

For many traders and investors attuned to technical indicators, regular monitoring of multi-month charts and potential breakout patterns remains essential. In a broader context of accessible financial products, new platforms are reshaping how assets are managed and exchanged. Among these, 1stepSwap is gaining attention by directly transferring real-world assets such as major U.S. stocks and commodities like gold and silver onto the blockchain. This integration enables users to access and trade these assets straight from their digital wallets, bypassing intermediaries and complex steps. By automatically sourcing the best available market rates, 1stepSwap enables portfolio diversification with virtually instant execution, effectively narrowing the gap between traditional finance and crypto markets.

The market will continue to watch XRP’s technical structure and responses to key support levels. CryptoBull’s scenario provides one of several possible paths for the token as it navigates upcoming sessions.

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 newly proposed upgrade to the XRP Ledger (XRPL) could significantly modernize how multi-signature transactions are coordinated. 

The proposal ("On-Chain Cosigner") has been submitted in the XRPL Standards repository. 

If eventually adopted through the amendment process, it would allow signers to coordinate and collect multi-signature approvals directly on the XRP Ledger. There will be no need to rely on external communication channels and centralized coordinators.

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The proposal was authored by Shawn Xie, Zhiyuan Wang, Chenna Keshava B S, and Mayukha Vadari. 

As explained by prominent XRPL community member Vet, the proposal addresses one of the biggest shortcomings of the ledger's existing multisignature implementation.

"On most chains and currently on the XRPL, multi-signers need to coordinate and collect signatures off-chain or with smart contracts," Vet explained. "This adds native on-chain multi-sig coordination, completely decentralized."

Eliminating the "last mile" problemIt should be noted that XRPL already supports multi-signature transactions, but the proposal argues that the current implementation still depends on an off-chain coordination process.

Today, a transaction must first be created and distributed manually to each authorized signer. Individual signatures are collected through external channels (email and so on).

The authors argue this process creates what they describe as the "last mile" problem.

If that coordinator loses collected signatures or goes offline, the signing process can fail.

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Under the proposal, a participant would first create a TransactionProposal object directly on the XRP Ledger.

It would be permanently stored on-chain with an immutable transaction payload.

Each signature would be validated immediately upon submission and added to the proposal's growing list of approvals.

Anyone could copy the completed transaction and submit it through XRPL's standard transaction process. No additional signature assembly would be required.

Built for institutional workflowsThe proposal places particular emphasis on enterprise and institutional use cases.

It notes that the feature is intended to complement several other advanced XRPL capabilities, including Batch transactions (XLS-56), sponsored fees and reserves, and future lending protocol operations. 

Bitcoin and Ethereum whales build positions into weaknessLarge cryptocurrency holders are quietly accumulating $BTC, $ETH, and $XRP even as prices remain well below their 2025 highs, according to fresh on-chain data from @cryptoquant_com.

Bitcoin whale holdings, excluding exchanges and mining pools, rose to about 3.06 million BTC from 2.87 million BTC in December 2025, with accumulation accelerating after Bitcoin dropped below $60,000 in June. During the first days of August, Bitcoin traded at $63,935, remaining above its realized price of $52,900.

Ethereum wallets holding 10,000 to 100,000 ETH collectively held a record 19.6 million ETH, while wallets holding more than 100,000 ETH added roughly 1.8 million ETH since mid-2025. The scale of that absorption points to deliberate positioning rather than opportunistic trading.

In XRP markets, average spot order sizes remained in CryptoQuant's "big whale" category as the token traded between $1 and $1.20. The neutral reading of the 90-day taker cumulative volume delta indicator suggests that the process responds to a passive absorption of volume rather than aggressive market buying.

A familiar pattern, but caution remains"Rising whale balances into price weakness is the clearest smart-money tell," CryptoQuant said, adding that the accumulation pattern has historically preceded market bottoms while cautioning that the market remains exposed to further downside.

Rising whale balances during price weakness can reduce available supply and concentrate ownership among larger holders, the blockchain analytics company said in its latest Smart Money report.

Separately, 10x Research said Bitcoin could confirm a bear-market bottom with a monthly close above $63,000. Separate CryptoQuant analysis published earlier this month placed the asset's potential bear market bottom near $55,000, aligning with the asset's realized price, which has historically served as a major support level during past downturns.

The data paints a picture of institutional-scale buyers absorbing available supply across multiple assets, a behavior that has preceded recoveries in previous cycles. Whether this cycle follows the same script remains an open question, particularly with macro conditions still uncertain.

Sources:
CoinTelegraph: Bitcoin Whales Signal Possible Bear Market Bottom
KuCoin: CryptoQuant Reports Whale Accumulation in Bitcoin, Ethereum, and XRP
CoinMarketCap: Bitcoin Whale Deposits Hit Decade High as Bear Market Deepens

A convincing clone of Ripple's official website is circulating online, designed to drain the wallets of long-term $XRP holders. The fraudulent page replicates Ripple's branding, color scheme, and typography in close detail, and uses a loyalty angle to lower victims' guard, promising a reward for HODLers who never sold their tokens.

How the Scam Works The fake site presents a "Get Early Access" button aimed at committed XRP holders. Clicking it triggers a crypto drainer, a malicious script that, once a wallet is connected, executes an outbound transaction before the user realizes what has happened. Users are directed to a fraudulent site where connecting a non-custodial wallet triggers a malicious script that executes a single authorized transaction to empty holdings. The authorization step is the trap: once signed, the transaction is irreversible on-chain.

XRP Ledger chief architect David Schwartz (@JoelKatz) called out the site publicly on X, posting a blunt warning: "IT'S A SCAM!" Ripple does not run free XRP giveaways, and posts claiming otherwise on behalf of the company or its executives should be treated as scams. Ripple will never ask you to send XRP.

Part of a Broader Scam Wave Targeting XRP Holders The fake Ripple site is not an isolated incident. Scammers have deployed sophisticated phishing campaigns that bypass email authentication checks, while over 50 fake Ripple executive accounts were reported on Instagram and Telegram in Q1 2026. Fresh security warnings have targeted XRP users amid an ongoing scam wave, with fake sites cloning Flare Network, XORA, and other XRP-adjacent brands.

Blockchain analytics firm Chainalysis estimates that as much as $17 billion was stolen globally through crypto scams in 2025, the highest level ever recorded. Impersonation scams posted 1,400% year-over-year growth, driven in large part by AI tools that make fraudulent content faster to produce and harder to detect.

Schwartz's verified presence remains limited to his @JoelKatz handle on X. Fake Schwartz accounts have appeared on Telegram, Instagram, and other platforms. Holders are urged to verify all announcements through official channels, avoid clicking unsolicited links, and never connect a wallet to a site promoted through social media posts or direct messages.

Sources:
Ripple: How to Identify Crypto Scams
CryptoNews: Ripple CTO David Schwartz Warned of AI-Cloned Executives
CoinDesk: Chainalysis Report on AI and Impersonation Scams

TLDR XRP trades near $1.07, holding just above key support at $1.05 to $1.06. Open interest fell to a six-month low near $2.25 billion as leveraged positions unwind. CryptoQuant data shows balanced liquidations and neutral funding, pointing to a positioning reset rather than a forced sell-off. U.S. spot XRP ETFs logged four straight days of inflows despite the weak price action. Analyst Ali Charts calls $1.06 the deciding level, with upside targets of $1.35 and $1.64. XRP fell on Aug. 5, 2026, trading near $1.07 as buyers struggled to push the token higher.

The token was down about 0.9% over 24 hours. Trading volume sat near $911.7 million, with a market cap around $66.7 billion, keeping XRP as the sixth largest cryptocurrency.

The decline left XRP close to the $1.05 to $1.06 zone. This area has drawn buyers repeatedly since late June.

Leverage has dropped and funding sits close to neutral. Liquidations have also stayed fairly even between longs and shorts, which lowers the odds of a sudden forced sell-off.

Technical Picture Stays Weak The daily chart shows XRP falling from above $2.50 to around $1.0676, now consolidating near the bottom of that range.

The relative strength index reads 43.71, below the neutral 50 mark and its own moving average of 44.87.

XRP Price on CoinGecko MACD also leans bearish. The MACD line sits near -0.0110, just under its signal line at -0.0101.

A daily close below $1.05 could open the door to the $1.00 level and the late-June lows near $1.01.

A move back above $1.10 would be the first sign buyers are returning, with $1.13 to $1.15 as the next hurdle.

Analyst Ali Charts posted that $1.06 is the deciding level for XRP right now. He said holding that spot could send price toward $1.35 and later $1.64, while a clear breakdown opens the door to $0.80 and $0.62. Other online targets calling for $23 or higher aren’t backed by current market data.

Derivatives and ETF Flows CoinGlass data showed XRP futures volume near $1.35 billion, with total open interest around $2.25 billion. Both volume and open interest fell over the past day, down 10.27% and 5.59%.

CryptoQuant tracked XRP open interest dropping into a six-month range low, between 362 million and 369 million. The leverage ratio also slid toward 0.139 to 0.142.

Funding stayed between roughly -0.009 and 0.010. Long and short liquidations traded off rather than triggering a one-sided wipeout, which analysts read as a reset in positioning.

Spot flow data recorded a net outflow of about $2.15 million on Aug. 5, smaller than the outflow spikes seen in late 2025.

U.S. spot XRP ETFs logged four straight days of inflows totaling roughly $15.4 million, even as price stayed pinned near $1.08.

Ripple’s legal case with the SEC remains closed with a final judgment, including a $125.04 million penalty. The CLARITY Act is still waiting on a Senate floor vote.

On Aug. 3, Ripple announced investments in ZILO and Licuido, adding transfer agency and token issuance tools to its XRP Ledger infrastructure. The company did not disclose the investment amounts.

Bitwise Chief Investment Officer Matt Hougan says the SEC is ready to step in with rule-making if the CLARITY Act misses Friday’s deadline, arguing crypto will march ahead either way.

What Happens If Clarity Fails This Week?Hougan wrote in a Bitwise note on Tuesday that the bill will not truly die if it misses the August 7 recess deadline.

Instead it enters what he calls a “walking dead” state, with ongoing chatter about reviving it in September or bundling it into a year-end omnibus package in December.

He said prolonged uncertainty is worse for markets than a clean failure, since professional investors are sitting on the sidelines waiting for resolution.

“The best thing that can happen if Clarity doesn’t pass this week is that the Polymarket odds break solidly lower, into the teens at least, so we can put the uncertainty behind us,” Hougan wrote.

Meanwhile, Polymarket currently puts passage odds at 27%, down from 82% in February.

Why The SEC Is The Real Backstop?Hougan pointed to SEC Chair Paul Atkins, who told CNBC the agency is “ready, willing, and able to come out with rules that address the same issues as Clarity.”

Hougan said rulemaking under Atkins could actually be more crypto-friendly than a bipartisan bill and may even accelerate progress in the near term.

The risk is a future administration installing a less friendly SEC chair.

But Hougan argued the industry has at least two and a half years of the current regulatory environment to entrench itself deeply enough that no future chair can reverse it.

Why Hougan Says The Genie Is Already Out Of The Bottle?Hougan pointed to the pace of institutional adoption as the reason no future regulator can reverse crypto’s progress. 

To make his point, Hougan drew a parallel to 1994, when sweeping telecom reform passed the House 423-4 before dying in the Senate without a floor vote. The internet did not wait.

“Washington is dysfunctional,” Hougan wrote. “But it’s not a referendum on crypto’s validity as a pillar of the global financial infrastructure. That ship has long since sailed,” he added.

Photo via Shutterstock

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Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.

XRP demand softens as headwinds escalateInstitutional interest in XRP Exchange-Traded Funds (ETFs) remains on the back foot, given muted activity on Tuesday and mild inflows of $1.15 million on Monday. According to SoSoValue, cumulative inflows are holding steady at $1.51 billion and total assets under management at $1.00 billion, indicating that investors have retained a positive long-term outlook in the token.

XRP ETF flows | Source: SoSoValueRetail demand has improved only slightly to 2.14 XRP on Wednesday, from 2.12XRP the previous day, according to CoinGlass’s data on perpetual futures Open Interest (OI). Despite the increase, the chart below highlights a general downtrend from 2.37 billion XRP, which marked the peak in July.

XRP Futures OI | Source: CoinGlassIn other news, Ripple announced a strategic investment in ZILO, a platform that specializes in transfer technology solutions for asset managers, and Liquid, a tokenization and trading company specializing in digital ownership and asset liquidity.

Nigel Khakoo, Senior Vice President, Trading and Markets at Ripple, said in a press release on Monday that “ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility.”

Technical analysis: XRP bears tighten grip amid persistent declinesXRP remains under clear downside pressure, holding below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which all sit well overhead and reinforce a bearish near-term bias. The downtrend resistance trendline, with a break level around $1.08, also stays above spot, suggesting that even modest rebounds would face selling interest.

Momentum indicators align with this tone, as the Relative Strength Index (RSI) slips in the low-40s on the daily chart and the Moving Average Convergence Divergence (MACD) histogram is marginally negative, hinting that bearish momentum is present but not yet exhausted.

XRP/USDT daily chartInitial resistance lies at the downtrend resistance break area near $1.08, where failure to reclaim would keep the latest slide intact. Above that zone, the 50-day EMA around $1.12 is the next hurdle, followed by the 100-day EMA near $1.20, while the 200-day EMA up at $1.40 defines a much higher structural cap that would need to be overcome to meaningfully challenge the broader bearish structure. On the flip side, the path of least resistance remains to the downside with the area at $1.05 holding as the nearest support, followed by the critical $1.00 level.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.

Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent post, Hussein Zangana (Vet) highlighted a little-known but longstanding XRP Ledger functionality that might be exploited by bad actors if not implemented correctly.

Vet shared his observation along these lines, noting that now and then, people try to trick exchanges and projects into crediting them more funds than they are sending.

This relates to XRP Ledger Partial Payment, a payment that can succeed while delivering less than the stated amount.

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The good news is that this functionality is nowadays very well understood by all large exchanges, Vet noted, but there is a need for new projects to understand it well, as Partial Payments can be used to exploit native integrations with the XRP Ledger to steal money from exchanges and gateways.

I always see every now and then, like today, people probing to trick exchanges/projects to credit them more funds than they were sending them.

An XRP Ledger Partial Payment is a payment that can succeed while delivering less than the stated Amount. For exchanges, if you check… pic.twitter.com/xcEYBcMEGj

— Vet (@Vet_X0) August 5, 2026 "New projects and platforms should always be pointed to the XRPL docs to check the correct fields for crediting funds," Vet advised, in order to prevent mistakes that might arise from incorrect implementation of the partial payments functionality.

XRP Ledger Partial Payments: What new users should knowThe Partial Payment flag on the XRP Ledger allows a payment to succeed by reducing the amount received instead of increasing the amount sent. Partial payments are useful for returning payments without incurring additional costs.

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The sender of any payment transaction can enable the "Partial Payment" flag and send a payment that delivers less than the "Amount" field indicates.

The XRP used for transaction costs is always deducted from the sender's account, irrespective of the transaction type. This transaction fee is not included in the amount; however, this functionality might be exploited.

If a financial institution's integration with the XRP Ledger assumes that the amount field of a payment is always the full amount delivered, bad actors may exploit this assumption to steal funds from the institution. This exploit can be used against gateways, exchanges, or merchants as long as those institutions' software does not process partial payments correctly.

According to XRPL docs, the correct way to process incoming payment transactions is to use the "delivered_amount" metadata field, not the "Amount" field. The "delivered_amount" is the amount a payment actually delivered. This way, an institution is never mistaken about how much it actually received.

https://www.amazon.com/QUARPIMER-Ripple-Cryptocurrency-Collectors-Protective/dp/B094G1WTRV

XRP has now connected to Axelar’s network, enabling cross-chain transfers of XRP and other assets across over 80 blockchains. This development comes after Ripple and the Axelar Foundation announced their integration, facilitating asset movement between XRP Ledger (XRPL) and Axelar’s cross-chain infrastructure. This integration is seen as a significant expansion of XRPL’s multichain capabilities, potentially enhancing its access to decentralized finance (DeFi) platforms and liquidity pools without converting XRPL into an Ethereum Virtual Machine (EVM) chain.

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Market participants appear to interpret this cross-chain capability as a development that could elevate XRP’s utility and demand. The prediction market for XRP reaching $3.00 in August has seen modest activity, with sub-market odds reflecting a small increase in YES pricing. This activity suggests that some participants may view this interoperability as supportive of a potential price increase, though the current YES probabilities remain relatively low.

Key Takeaways XRP’s integration with Axelar’s network appears to suggest enhanced utility and broader DeFi access. Market pricing indicates a slight increase in the perceived likelihood of XRP reaching $3.00 in August. Current market odds for XRP’s price increase remain low, suggesting limited immediate impact on expectations. What to Watch Observers should monitor any further announcements from Ripple or the Axelar Foundation regarding additional partnerships or integrations that could further enhance XRP’s utility. Regulatory developments, particularly those involving the U.S. Securities and Exchange Commission, may also influence market perceptions. Additionally, broader crypto market trends and liquidity movements will be crucial in assessing XRP’s potential to reach higher price levels in August.

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What Price Will Xrp Hit In August 2026

Contract Odds Δ since publish Volume 24h September 1 2026 0.5% — — View market → September 1 2026 5.4% — — View market → September 1 2026 0.7% — — View market → September 1 2026 3% — — View market → Xrp All Time High

Contract Odds Δ since publish Volume 24h September 30, 2026 1.1% — — View market → December 31, 2026 4.6% — — View market →

There is a certain irony in the fact that the government official who launched the most consequential lawsuit in crypto history is now in charge of the US intelligence community. Jay Clayton, the former SEC chairman who authorized the agency’s case against Ripple Labs in December 2020, was confirmed as Director of National Intelligence on July 28, 2026, in a 51-47 Senate vote. XRP, the token at the center of that legal saga, was trading near $1.08 at the time, down roughly 64% year-over-year.

A lawsuit that reshaped crypto regulation On December 22, 2020, with Clayton days away from leaving the SEC, the agency filed suit against Ripple Labs alleging the company had conducted an unregistered securities offering worth $1.3B through XRP sales.

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In July 2023, Judge Analisa Torres ruled that XRP traded on public exchanges does not qualify as a security. The litigation wrapped up with a settlement in 2025. The final civil penalty against Ripple was adjusted to $50 million, a number that reads as almost modest given the company spent years and hundreds of millions of dollars in legal fees defending the suit.

From securities enforcement to signals intelligence As DNI, Clayton now coordinates all 18 agencies within the US intelligence community, with a mandate covering national security priorities including economic espionage and cybersecurity threats. Clayton’s new role gives him no authority over SEC policy, crypto regulation, or anything that would directly influence how digital assets are treated under US law.

What the price action actually tells you XRP near $1.08 and down 64% year-over-year is the market’s clearest statement about where attention is focused. The Clayton confirmation produced no observable price reaction in either direction.

The SEC lawsuit suppressed institutional interest and kept major US exchanges from listing or re-listing the token during its active phase. With that overhang lifted, the price driver shifted back to macro conditions and market sentiment.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Senator John Kennedy has called for the U.S. Senate to take action on the CLARITY Act before Congress leaves for its August recess, raising hopes for long-awaited regulatory certainty around digital assets. Kennedy, speaking directly on the Senate floor, emphasized that lawmakers have spent years working on cryptocurrency legislation and that it is time for Congress to act.

Push for crypto legislation gains momentumKennedy urged colleagues to move forward, underscoring the importance of wrapping up legislative work on digital assets. His remarks reflect growing urgency in Washington to establish a comprehensive regulatory system that would offer guidance for companies operating in the cryptocurrency market.

The CLARITY Act has been crafted to define the regulatory boundaries for cryptocurrencies in the United States. The bill seeks to explicitly delineate when a digital asset should be regarded as a security and when it qualifies as a commodity, addressing longstanding ambiguity that has affected the industry.

For Ripple’s XRP, this distinction is critical. Regulatory uncertainty has persisted since the SEC initiated legal action against Ripple, prompting many U.S. financial institutions and service providers to take a cautious approach toward the token. While Ripple continued its international expansion, hesitation among U.S. banks and investors remained due to unclear legal guidance.

Ripple has positioned itself as a leader in enterprise blockchain solutions and cross-border payments for regulated financial institutions, making legal certainty an essential factor for broader adoption in the United States.

Market analysts suggest that a unified regulatory policy could boost institutional participation, enabling banks, asset managers, public companies, and pension funds to allocate capital to the crypto sector with greater confidence.

Potential boost for Ripple and wider industryThe CLARITY Act, if passed, could accelerate institutional investment, expand digital asset custody options, and encourage more exchanges to list XRP and similar assets. A predictable regulatory environment is often seen as a catalyst for wider industry adoption and innovation across the blockchain sector.

Ripple has proactively broadened its global payment network, launched the RLUSD stablecoin, and advanced initiatives on the XRP Ledger involving tokenization and real-world assets. These steps have been complemented by securing regulatory approvals in major international markets. As a result, Ripple is positioned to leverage its foundation once a comprehensive U.S. framework is enacted.

Beyond Ripple, many blockchain startups have shifted operations abroad, seeking jurisdictions where crypto policies are more clearly defined. Enacting the CLARITY Act could encourage developers, exchanges, and institutional providers to invest domestically, strengthening the U.S. presence in the digital asset economy.

Kennedy’s push for an immediate vote highlights growing bipartisan support for cryptocurrency legislation, as more lawmakers argue against relying predominantly on enforcement actions and seek to implement practical, industry-wide rules.

Outlook for institutional adoption and real-world innovationMarket confidence often improves with reduced legal uncertainty. For XRP, whose price action has frequently tracked developments in U.S. regulatory policy, advancement of the CLARITY Act could lift one of the major hurdles facing investor sentiment and institutional allocation.

The XRP community, along with much of the U.S. cryptocurrency sector, is closely watching the legislative process. Supporters argue that the CLARITY Act does not offer special benefits to XRP but provides regulatory foundations needed for the entire industry’s development.

Many believe that Congressional approval of the bill before the August recess would signal a decisive step forward in America’s approach to digital assets, possibly paving the way for increased institutional involvement and renewed U.S. leadership in the global crypto market.

As industry participants monitor technical developments related to regulatory clarity and evolving market structure, interest is also growing in accessible investment options. In this context, 1stepSwap has emerged as a practical platform enabling users to bring real-world assets directly onto the blockchain. The platform provides access to shares of major U.S. companies and commodities such as gold and silver, allowing direct wallet transactions without intermediaries. By consistently offering the best available prices and rapid execution, 1stepSwap aims to simplify diversification and strengthen ties between traditional and digital finance.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The XRP Ledger just got a passport. XRPL and its EVM Sidechain are now live on Axelar’s interoperability network, letting users move XRP and other supported assets across more than 80 blockchains without juggling multiple bridges.

The integration, announced on July 20, represents the culmination of a partnership that’s been building since at least 2024, when Axelar was first tapped as the bridge provider for the XRPL EVM Sidechain. That sidechain itself only went live on June 30, 2025. So in roughly three weeks, the team moved from “EVM compatibility exists” to “here’s connectivity to basically every major chain.”

How the plumbing works Axelar operates as a decentralized network that connects disparate blockchains. Its Interchain Token Service handles the actual mechanics of wrapping and unwrapping tokens as they move between chains. You send XRP from the XRP Ledger, and it shows up as a usable asset on Ethereum, Avalanche, Polygon, or whichever of the 80-plus supported chains you’re targeting.

Axelar serves as the exclusive bridge for wrapped XRP moving to and from the XRPL EVM Sidechain.

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The cross-chain transfer experience is powered in part by Squid, which provides the user interface layer for moving assets. Squid abstracts away the complexity of selecting routes, estimating fees, and confirming transactions across chains.

The collaboration roster includes Ripple, Peersyst, which developed the XRPL EVM Sidechain, and the Axelar Foundation.

Why EVM compatibility changes the game for XRP The XRP Ledger has historically been somewhat isolated from the broader DeFi ecosystem. Most DeFi protocols run on EVM-compatible chains. The XRP Ledger doesn’t natively speak that language.

The EVM Sidechain solves this by giving XRPL an Ethereum-compatible environment that runs alongside the main ledger. Ripple CTO David Schwartz has emphasized the importance of EVM compatibility for expanding XRP’s reach into institutional use cases.

Axelar co-founder Georgios Vlachos has pointed to institutional applications as a key driver behind the integration. Ripple has long positioned itself as the crypto company that targets enterprise clients, and connecting XRPL to 80-plus chains through a single verified bridge fits that narrative.

What this means for investors The most immediate implication is increased utility for XRP. An asset that can seamlessly move across 80-plus chains has more potential use cases than one confined to a single ledger.

Cross-chain bridges have historically been double-edged swords. The Ronin bridge exploit alone cost over $600M. Axelar’s position as the sole bridge for wrapped XRP concentrates risk in a single point of infrastructure.

Investors should monitor adoption metrics in the coming months: how much wrapped XRP flows through Axelar, which destination chains attract the most volume, and whether DeFi protocols begin building XRP-specific products.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

XRP extended its decline on Aug. 5, 2026, trading near $1.07 as buyers struggled to move the token away from its lower range.

Summary

XRP trades near $1.07 as weak momentum keeps the token pinned above crucial technical support. CoinGlass data shows open interest near $2.25 billion after leveraged positions continued unwinding across exchanges. CryptoQuant sees balanced liquidations and neutral funding, suggesting positioning reset rather than forced capitulation currently. U.S. spot XRP ETFs reportedly logged four consecutive inflow days despite the token’s weak price. A sustained break below $1.05 could expose $1.00, while $1.10 remains the first recovery hurdle. crypto.news data showed XRP down about 0.9% over 24 hours, with trading volume near $911.7 million and market capitalization around $66.7 billion. XRP remained the sixth largest cryptocurrency.

The decline left XRP close to the $1.05 to $1.06 area that has repeatedly attracted buyers since late June. However, momentum indicators, spot flows and derivatives positioning offer little evidence of a confirmed recovery.

The current setup is not a typical liquidation collapse. Leverage has declined, funding remains close to neutral and liquidations have been relatively balanced. These conditions may reduce the risk of an immediate forced selloff, but they also show that traders have limited conviction in a rebound.

XRP price remains trapped near its lower range The supplied XRP/USDT daily chart shows a broad decline from above $2.50 to around $1.0676. Recent candles have formed a narrow consolidation close to the bottom of that move. XRP has not established a sustained recovery above $1.10, leaving the short term structure weak.

The relative strength index stood at 43.71, below both the neutral 50 level and its moving average of 44.87. The reading shows that buying momentum remains limited, although XRP has not entered deeply oversold territory on the daily chart.

XRP price chart, source: crypto.news MACD also remains mildly bearish. The MACD line was near negative 0.0110, below the signal line around negative 0.0101. The histogram remained slightly negative at about negative 0.0009. The small difference between the lines points to weak downside momentum rather than a sharp acceleration.

The immediate technical test sits between $1.05 and $1.06. A daily close below that range could expose the psychological $1 level and the late June lows around $1.01. XRP briefly broke the $1.05 area on July 28 before buyers returned. The earlier decline also pushed the four hour RSI into oversold territory, but that reading did not create a lasting reversal.

A recovery above $1.10 would provide the first evidence that buyers are regaining control. XRP would then need to clear the $1.13 to $1.15 region, which has repeatedly limited advances since June.

Analyst Ali Charts described $1.06 as the deciding level. His upside estimates of “$1.35 and $1.64” depend on XRP holding support and confirming a recovery. His downside levels of “$0.80 and potentially $0.62” require a clear breakdown. Neither path has been confirmed.

Other social media forecasts calling for “$23” or “$50+” are highly speculative. Those targets sit far above the current price and are not supported by present momentum, verified institutional forecasts or an established breakout structure.

Lower leverage points to a quiet positioning reset CoinGlass data showed XRP futures volume near $1.35 billion and total derivatives open interest around $2.25 billion at the time of reporting. The price on the platform stood near $1.067. The supplied data snapshot showed volume falling 10.27% and open interest declining 5.59% over 24 hours.

Falling price and falling open interest usually mean traders are closing positions rather than adding aggressive new shorts. This can reduce the fuel available for large liquidation driven moves. It does not, however, establish that spot buyers are ready to take control.

A separate CryptoQuant analysis found that its XRP open interest measure had fallen into a six month range low between 362 million and 369 million. The estimated leverage ratio also declined toward 0.139 to 0.142, close to the lowest reading during the same period.

CryptoQuant contributor CryptoOnchain also noted that funding remained between roughly negative 0.009 and positive 0.010 during the latest decline. Long and short liquidations alternated rather than producing a one sided cascade. The analyst interpreted the structure as a positioning reset rather than forced capitulation.

Network valuation also compressed faster than reported transaction activity. CryptoOnchain said the network value to transactions ratio fell 42.7% compared with its three month average, while transaction count declined 23.3%. This may indicate that market valuation weakened faster than ledger usage, but it does not provide a reliable timing signal for a price reversal.

The supplied CoinGlass spot flow chart recorded a net outflow of about $2.15 million on Aug. 5. Recent negative readings have been smaller than the large outflow spikes recorded in late 2025. Selling pressure appears less intense, but sustained positive flow would offer stronger evidence that demand is improving.

XRP Spot Inflow/Outflow, source: CoinGlass U.S. XRP demand has not produced a breakout U.S. spot XRP exchange traded funds have continued attracting capital despite weak price performance. Recent flow data reportedly showed four consecutive inflow sessions totaling about $15.4 million. 

XRP nevertheless remained near $1.08 during that period, showing that the purchases were not large enough to overcome selling elsewhere in the market.

As crypto.news reported in an earlier analysis, five U.S. spot XRP funds launched between November and December 2025 and had attracted roughly $1.5 billion by mid 2026. The funds created a new regulated source of demand, but XRP remained confined to a range around $1.00 to $1.13.

This divergence suggests that ETF inflows alone have not been enough to change the wider trend. Fund purchases must compete with token sales, exchange activity, derivatives hedging and weaker demand across offshore spot markets.

Regulated derivatives activity provides another U.S. market signal. CME Group data showed activity across its standard XRP futures contracts, while the settlement page listed prior day open interest of 6,894 contracts. CME contract data cannot be compared directly with CoinGlass totals because the products use different contract sizes and reporting methods.

The legal risk surrounding Ripple has also changed. The SEC and Ripple dismissed their appeals in August 2025. The district court’s final judgment remained in force, including a $125.04 million penalty and an injunction concerning future registration violations. The dismissal removed the active appeal, but it did not erase the court’s findings involving Ripple’s institutional sales. The SEC litigation release confirms that status.

Wider U.S. legislation remains unresolved. The CLARITY Act has reached the Senate calendar, but it still requires sufficient floor support, reconciliation with other legislative text and presidential approval. Seven Democratic senators said in July that the Republican proposal still fell short on several matters, and no final Senate vote had been confirmed by Aug. 5.

A confirmed vote or renewed delay could influence sentiment toward XRP and other U.S. traded digital assets. It would not, by itself, guarantee a sustained price move.

Ripple developments have not changed near term momentum Ripple announced strategic investments in ZILO and Licuido on Aug. 3. The companies plan to add transfer agency, token issuance, trading and collateral tools to Ripple’s institutional infrastructure on the XRP Ledger. Ripple did not disclose the investment amounts or financial targets. The official company announcement described RLUSD as a settlement asset for tokenized fund transactions.

As crypto.news reported in related coverage, the investments support Ripple’s broader move into tokenized capital markets. They have not yet produced disclosed revenue, transaction volume or XRP demand that can be tied directly to the token’s price.

The XRP Ledger also faced a validator manifest flood in late July. Developers released xrpld version 3.2.1 to restrict the processing and storage of untrusted manifests. The ledger continued closing normally, and no confirmed loss of funds or altered transactions was reported. Node operators were urged to install the update.

The next price signal will likely come from the market itself. Traders will watch whether XRP can hold $1.05, reclaim $1.10 and build stronger volume above $1.15. Open interest should also stabilize without price making new lows. Continued ETF inflows would be more constructive if they coincide with positive spot flows and stronger momentum.

A break below $1.05 would keep $1.00 exposed. A confirmed daily recovery above $1.15 would weaken the immediate bearish structure. Until either event occurs, XRP remains in a low conviction range with reduced leverage and limited bullish confirmation.

FAQs Is XRP oversold? Not on the supplied daily chart. Its RSI near 43.71 remains below neutral but above the conventional oversold level of 30. Shorter time frames have reached oversold readings during recent declines, although those readings did not confirm a lasting bottom.

Does falling open interest support an XRP recovery? It can reduce liquidation risk because fewer leveraged positions remain open. A recovery still requires stronger spot demand, improving momentum and price confirmation above resistance.

Why have XRP ETF inflows not lifted the price? ETF demand represents only one part of the market. It can be offset by direct token selling, hedging, weak offshore demand and distributions from existing holders.

What are the main XRP levels to watch? The immediate support range is $1.05 to $1.06, followed by $1.00. Initial resistance sits near $1.10, with stronger confirmation required above $1.13 to $1.15.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Jay Clayton, the former Securities and Exchange Commission chairman who signed off on the agency's landmark lawsuit against Ripple Labs, has a new and far more powerful perch in Washington. Clayton was sworn in as the nation's ninth Director of National Intelligence on August 3, 2026, following Senate confirmation.

A Narrow Confirmation The Senate confirmed Clayton to lead the US Intelligence Community as Director of National Intelligence in a 51-47 vote along party lines. He will now oversee the nation's 18 intelligence agencies. He takes on a role vacated in June when Tulsi Gabbard stepped down after a tenure marked by clashes with congressional Democrats. The confirmation marks his third Senate-confirmed role across two Trump administrations.

At his confirmation hearing, Clayton refused to say who won the 2020 election, sidestepping questions that could put him at odds with Trump. Democrats raised concerns that he could politicize intelligence at President Trump's direction.

The Ripple Connection The crypto industry has particular reason to take note of Clayton's elevation. The SEC filed its lawsuit against Ripple Labs, CEO Brad Garlinghouse and Executive Chairman Chris Larsen on December 22, 2020, Clayton's final day leading the agency. The SEC alleged that the company raised over $1.3 billion through unregistered $XRP sales. Clayton departed immediately after filing the case, and his successor Gary Gensler inherited the fight.

Ripple would go on to largely prevail. Judge Analisa Torres of the US District Court for the Southern District of New York ruled that $XRP is not a security when sold in public retail transactions, though certain institutional sales were deemed securities transactions under US law. Ripple was ordered to pay a $50 million settlement, reduced from the SEC's original $125 million claim, and both Ripple and the SEC withdrew their appeals in August 2025, formally closing the case.

The case is widely regarded as one of the most consequential legal battles in crypto history. The outcome provided clearer regulatory guidelines for the crypto industry, though it stopped short of setting a binding legal precedent.

Sources:
Jay Clayton sworn in as US Director of National Intelligence (CNBC)
Jay Clayton Sworn In As Director Of National Intelligence (ODNI Official Release)
SEC's Long-Running Case Against Ripple Officially Over (CoinDesk)

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) move toward the key technical levels on Wednesday, which could determine the next directional bias. BTC is near the 50-day Exponential Moving Average (EMA), ETH trades sideways while XRP is showing signs of stabilization.

Bitcoin could extend gains if it closes above the 50-day EMABitcoin price trades at $64,419 on Wednesday, approaching the key resistance level at the 50-day Exponential Moving Average (EMA) at $64,654, where a close above this level suggests further gains. However, BTC configuration suggests the broader trend remains under pressure as it holds below the 100-day and 200-day EMAs, at $67,080 and $72,650, respectively.

The Relative Strength Index (RSI) around 52 hints at only modest directional conviction, and the negative Moving Average Convergence Divergence (MACD) reading reinforces a still-fragile bullish case.

On the topside, immediate resistance is located at the 50-day EMA near $64,654, followed by the 100-day EMA at $67,080 and then the 200-day EMA around $72,650, with a more distant barrier emerging at the prior horizontal resistance level of $84,410.

On the downside, initial support is seen at the horizontal line around $64,004, and a clear break beneath this floor would likely open the door to a deeper corrective phase as moving-average sellers retain control while BTC trades below all key EMAs.

Ethereum trades sideways between the 50-day and 100-day EMAsEthereum price trades at $1,875 on Wednesday, holding a neutral to mildly constructive stance as it trades above the 50-day EMA at $1,852, but it remains capped by the 100-day EMA at $1,925 and the higher 200-day EMA at $2,134.

The RSI around 52 suggests balanced momentum after recent consolidation, while the MACD remains in negative territory, hinting that upside attempts could still face supply near overhead averages.

On the topside, initial resistance is located at the 100-day EMA at $1,925, followed by the psychological and chart hurdle at $2,000, with the 200-day EMA at $2,134 reinforcing a broader cap if buyers extend the advance. 

On the downside, immediate support is provided by the 50-day EMA at $1,852; a daily close below this level would expose the more distant horizontal support zone near $1,385.

XRP’s momentum indicators show fading bearish strengthXRP trades at $1.075 on Wednesday, maintaining a bearish near-term bias as price holds below the 50-day, 100-day, and 200-day EMAs at $1.117, $1.198, and $1.388, respectively, keeping the broader trend capped despite the recent stabilization above the $1.070 handle. 

The RSI at 45 sits just below the neutral 50 line, hinting at subdued buying interest, while the MACD remains marginally negative, suggesting that downside pressure is not yet fully exhausted.

On the topside, initial resistance is at the 50-day EMA at $1.117, with further hurdles at the 100-day EMA near $1.198 and the horizontal barrier at $1.300; beyond that, the 200-day EMA at $1.388 and the more distant $1.900 level define a broader supply zone.

On the downside, the first notable support emerges at the horizontal level around $1.000, where buyers would be expected to defend the psychological parity area to prevent a deeper retracement.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Cryptocurrency metrics FAQs The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

With few indications that a significant reversal is taking place, Dogecoin is still struggling within a well-established downtrend. Following months of price declines, DOGE is currently trading close to $0.070, staying below all of the daily chart's major moving averages. Although the asset has stabilized since its June sell-off, this has not resulted in a resurgence of bullish momentum on its own. 

Multiple resistance layersThe technical framework is still inadequate. There are several layers of resistance between $0.075 and $0.085 as the 50-day and 100-day EMAs continue to slope downward, while the 26-day EMA is slightly above the current price. 

DOGE/USDT Chart by TradingviewThe distance DOGE would need to recover before the long-term trend could be deemed neutral once more is highlighted by the 200-day EMA, which is still much higher at $0.10. 

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Momentum indicators present a similarly cautious picture. The RSI, which is currently hovering around 44, has somewhat recovered from oversold territory, indicating that selling pressure has lessened but buyers have not yet gained control. Additionally, volume has been declining during the recent consolidation, suggesting that neither side is very convinced. 

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It's important to keep an eye on the $0.07 support zone. While regaining the 50-day EMA would be the first technical indication that bullish momentum is returning, a break below it might expose DOGE to another leg lower. Until then, Dogecoin is still stuck in a general bearish trend with low volatility.

XRP remains trapped As buyers and sellers continue to compete around the $1.08 region, XRP is still trapped in consolidation. Although the asset has managed to avoid another breakdown below the psychologically significant $1 mark, each attempt at recovery has stalled below declining moving averages. 

According to the chart, XRP is currently trading slightly below the 26-day and 50-day EMAs, with the 100-day EMA at $1.20 remaining the next significant barrier. The overall market structure has not yet changed in favor of bulls, as evidenced by the long-term 200-day EMA around $1.39, which is still trending lower. In contrast to earlier weeks, volatility has significantly decreased. 

XRP/USDT Chart by TradingViewThe fact that XRP is shifting within a progressively smaller range indicates that a more significant directional move might be imminent. The RSI is near 46, indicating balanced momentum where neither buyers nor sellers have a distinct advantage. The $1.00 psychological level continues to be the most crucial support. 

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Since June, bulls have defended that zone multiple times, but over time, repeated tests tend to erode support. The likelihood of a move toward the 100-day EMA would significantly rise if XRP were to recover the 50-day EMA and establish closes above $1.10. 

On the other hand, losing $1 would probably increase selling pressure and render the current consolidation phase invalid. The market is currently waiting for a catalyst to identify XRP's next significant trend, so it is still range-bound. 

Hyperliquid's stabilization is questionedAfter one of its biggest corrections of the year, Hyperliquid is trying to stabilize. Before finding support around the 200-day exponential moving average near $50, the asset lost almost 30% in a few weeks after a rally that propelled HYPE above $75. 

The significance of that long-term trend indicator has once again been demonstrated, leading to a recovery that has driven HYPE back toward $56. Although encouraging, the recovery process is still ongoing. HYPE is currently challenging the 50-day EMA at $58 after regaining the 26-day EMA. 

HYPE/USDT Chart by TradingViewThis moving average is the first significant obstacle for bulls because it aligns with a prior support area that became resistance following the July breakdown. Momentum remains mixed. 

Although the Relative Strength Index has moved back from oversold territory, it is still below 50, suggesting that the bearish momentum has subsided without completely giving way to a bullish trend. During the recent rebound, trading volume also significantly decreased, indicating that buyers are returning cautiously rather than aggressively. 

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Whether HYPE can retake the $58-$60 range will determine the technical outlook. In the event of a successful breakout above the 50-day EMA, sellers are likely to resume their activity at the 100-day EMA, which is close to $63. 

However, the likelihood of another retest of the 200-day EMA around $50 would rise if current levels were to fail. HYPE is still in a corrective phase until it starts generating higher highs above its medium-term moving averages, despite the recent rebound.

Bitcoin stuck in the key rangeBitcoin has recovered from its June decline and is still trading in a narrow consolidation range. The asset's price action is compressed between the 26-day and 50-day exponential moving averages, and it is currently trading at approximately $63,800. This indicates that the market has reached equilibrium but has not yet decided on its next course. 

Every attempt at a recovery is still capped by the 50-day EMA at $67,000, while the 100-day and 200-day EMAs are still much higher, supporting the overall bearish trend. Bitcoin hasn't broken below $60,000 yet, but it hasn't gained enough momentum to overcome stronger resistance levels either. 

BTC/USDT Chart by TradingViewThe lack of directional momentum is confirmed by the RSI, which is nearly exactly at 50. Trading volume has continued to decline during the recent sideways movement, and neither buyers nor sellers currently have a clear advantage. 

When volatility returns, such conditions frequently precede a larger breakout. The 50-day EMA is the first significant barrier, while immediate support remains close to $60,000. 

The technical outlook for Bitcoin would be enhanced by a clear move above that level, which might draw attention to the 100-day EMA around $72,000. Until then, the market is waiting for a catalyst that can end the current period of uncertainty, and Bitcoin is still range-bound.

The XRP Ledger is getting one of its biggest updates in a long time, moving from version 3.2.1 to version 3.3.0. The upgrade brings six new features, though not all of them are as new or exciting as they sound.

How XRPL Updates Actually Work

The XRP Ledger runs on a network of computers called nodes, all connected to each other and all running the same software, known as XRP Ledger D. The “D” stands for daemon, which is just a technical term for a background service.

Version numbers follow a simple pattern: major changes update the first number, new features update the second number, and small bug fixes update the third number. Going from 3.2.1 to 3.3.0 means new features are being added, not a fundamental overhaul of how the network works.

Batch: Bundling Transactions Together

The new Batch feature lets users bundle up to eight transactions into one now, rather than signing each one individually. One version of this feature, called all-or-nothing mode, ensures a group of transactions either all succeed together or none of them happen at all, a concept known as atomic settlement.

This matters most for two use cases: letting retail apps monetize more easily, and enabling what’s called delivery versus payment for institutions, where two parties can exchange cash and assets with complete certainty that the trade either fully completes or doesn’t happen at all.

Permission Delegation: Sharing Control Without Losing It

This feature lets institutions hand over specific transaction permissions to other parties without giving up overall control. For example, Ripple could use this to let partner banks help mint its RLUSD stablecoin, similar to how Circle already allows partners to help mint USDC. That could expand how much RLUSD gets issued without Ripple handling every transaction itself.

Sponsor: Removing a Technical Barrier for New Users

Right now, doing almost anything on the XRP Ledger requires locking up some amount of XRP, whether that’s activating an account, creating a trading offer, or holding tokens and NFTs. The Sponsor feature lets companies cover XRP reserve costs for their users now, meaning a business like a neobank could pay these technical costs on a customer’s behalf, making it possible for everyday users to interact with the XRPL without needing to understand its underlying reserve requirements.

Confidential Transfers: Limited Privacy, Not Full Anonymity

Confidential Transfers hides balances only for the multi-purpose token standard, the newer token type built for tokenizing real-world assets like stocks and bonds. This does not hide XRP balances, NFT holdings, or standard IOU tokens.

With this feature, the fact that a transfer happened remains visible, but the actual amount being sent, and how much someone held beforehand, stays hidden. Institutions can still selectively disclose that information for tax or compliance purposes when needed. Broader privacy features covering entire accounts, and potentially XRP itself, are expected to arrive later, likely next year.

Two Features That Are Less Than They Sound

Dynamic MPT simply makes the multi-purpose token standard more flexible by allowing its properties to change after a token is created, a useful but fairly minor enhancement. Fix Cleanup isn’t really a feature at all. It’s simply a bundle of software and security fixes rolled into the update. Two of the six announced features are actually less significant than the others, based on how the update was framed.

Of everything included in version 3.3.0, Batch is expected to have the most impact on everyday users, since it directly improves how transactions feel to use on the network.

Story Ends Here

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