Ripple’s RLUSD stablecoin continues to attract significant attention from both XRP supporters and institutional analysts, with fresh analysis highlighting its importance within the Ripple ecosystem. The crypto researcher SMQKE presented findings on how RLUSD strategically complements XRP, particularly in the areas of decentralized finance and broader institutional engagement.
RLUSD and its strategic roleThe analysis positions RLUSD as an asset intended to work alongside, rather than against, XRP. By leveraging RLUSD, Ripple aims to strengthen market presence in low-liquidity environments. The new stablecoin is designed to operate in a way that supports XRP’s key functions, furthering its adoption across DeFi and among institutional investors.
Management of RLUSD reserves was assigned to Standard Custody, which became part of Ripple through an acquisition in 2024. This move seeks to assure both transparency and stability for those using the stablecoin.
RLUSD is structured to complement XRP and expand its adoption, not to compete with it.
Progress in real-world asset tokenizationRipple’s efforts have also extended into real-world asset (RWA) tokenization, an area gaining traction among leading financial institutions. Through a partnership with Archax, Ripple has advanced the integration of hundreds of millions of dollars worth of tokenized assets onto the XRP Ledger, positioning itself among established players like BlackRock, JPMorgan, and Goldman Sachs, who have also moved toward blockchain adoption.
Tokenized assets require robust infrastructure in terms of both liquidity and stability. Within this structure, RLUSD is tasked with fulfilling the demand for stability, while XRP focuses on transaction settlement and liquidity management. These two assets are designed to perform separate roles but jointly enhance the overall efficiency of Ripple’s solutions.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, switching between multiple apps for trading tools and news can become costly for investors. As a result, more traders are turning to privacy-first platforms like CryptoAppsy, which consolidate real-time charts, news, portfolio tracking, and macro data into one interface, with no account required.
The impact of XRP ETFsMonica Long, referenced in the analysis, expressed confidence in the prospects for an XRP exchange-traded fund, citing regulatory clarity from the United States as a driving force. XRP and Bitcoin are the only digital assets with this level of explicit regulatory recognition in the country, which Long argued would create favourable conditions for an XRP ETF filing.
This view was validated when the first spot XRP ETFs received approval in late 2025. The launch of these products gave traditional investors a new gateway to gain exposure to XRP and removed several longstanding access barriers for large institutional participants.
Community members have discussed the integration of RLUSD within current payment channels. One observer emphasized that placing RLUSD alongside conventional systems such as ACH and wire transfers through shared APIs could expand the ledger’s utility while retaining XRP’s central role as a bridge asset.
Others focused on RLUSD’s US dollar peg, expressing concerns about maintaining stability should the dollar weaken. Some analysts argued that the ongoing development of network effects and broader blockchain adoption remains an area many market participants have yet to fully recognize.
By addressing stability and leveraging liquidity, RLUSD and XRP are positioned to strengthen Ripple’s footprint in tokenized finance and institutional adoption.
Bitwise, a prominent digital asset manager, has strengthened its presence in the XRP exchange-traded fund (ETF) sector, accumulating substantial investor interest and capital inflow to its XRP ETF.
Record assets and growing inflowsRecent data from SosoValue shows that the Bitwise XRP ETF now manages net assets exceeding $541 million, making it one of the largest XRP-focused ETF products in the market.
Cumulative net inflows to the fund have reached $684.73 million, marking a steady influx of capital since its launch. This figure suggests that institutional and individual investors continue to allocate funds to the product, seeking XRP market exposure via traditional market structures.
Bitwise, established in 2017, is recognized for pioneering various crypto investment vehicles, including spot and futures-based ETFs. The firm has steadily expanded its offerings to cover prominent digital assets, reinforcing its status within the crypto asset management industry.
With consistent inflows and significant assets under management, Bitwise has positioned its XRP ETF to meet increasing investor demand for crypto exposure. The company’s strategy enables market participants to participate in XRP price movements without directly holding or managing the digital asset.
MetricBitwise XRP ETF ValueNet assets$541.12 millionTotal net inflows$684.73 millionImpact on the XRP ecosystemReaching $541 million in net assets marks a notable milestone, both for Bitwise and for wider institutional adoption of XRP. The accumulation of assets in the ETF reflects sustained institutional interest in the digital asset space, especially in products offering regulated, traditional access to cryptocurrencies.
Bitwise’s approach has also given investors alternative ways to gain exposure to $XRP, without the operational complexities related to direct token management and custody.
With its XRP ETF amassing more than half a billion dollars in holdings and net inflows exceeding $684 million, Bitwise has continued to provide a robust gateway for investors seeking regulated access to the XRP market.
The growing size of Bitwise’s ETF indicates that demand for institutional-grade XRP investment products is on the rise, mirroring trends seen in Bitcoin and Ethereum ETFs.
However, analysts note that the total net assets and inflows associated with an ETF do not directly equate to the exact quantity of XRP tokens acquired by the fund. The relationship between inflows, net assets, and XRP holdings can be influenced by various factors, including price fluctuations and fund management strategies.
Mini dictionary: SosoValue, a digital asset analytics provider, offers detailed data and tracking for fund performance and digital asset flows across a variety of ETF products and crypto investment vehicles.
Digital Asset Investor, a prominent crypto analyst active on social media, recently brought attention to a clip from YouTuber The Modern Investor highlighting unprecedented XRP outflows from cryptocurrency exchanges. The discussion has focused investor concerns on the speed and scale of these withdrawals and the potential impact on XRP’s long-term supply.
The pace of XRP accumulationThe Modern Investor explained that in a 24-hour period, 1.6 billion XRP were withdrawn from exchanges. Given XRP’s total supply of 100 billion tokens, this single-day movement accounted for just over 1% of all tokens in existence.
He emphasized that such large-scale daily removals are not isolated events. Outflows of one billion or more XRP are becoming increasingly frequent, which could have a rapid effect on the amount of XRP available for trading on exchanges. If similar withdrawal rates continued uninterrupted, the total supply of accessible XRP on exchanges could be depleted within a few months.
This calculation is intended as a hypothetical scenario based on recent data, not as a formal prediction. Nevertheless, the magnitude of the exchange outflows is clear.
The Modern Investor argued that daily removals of more than 1% of XRP’s supply create a scenario where, if the trend continues, the majority of the asset could soon move out of publicly traded hands.
Growing demand from tokenizationDigital Asset Investor also commented that the current rate of XRP being removed from exchanges does not include anticipated demand pressures. Traditional financial institutions are beginning to tokenize real-world assets and the transition is expected to move swiftly into the hundreds of trillions of dollars, potentially increasing demand for XRP as a critical settlement and liquidity asset.
He suggested that institutional adoption and tokenization of assets could sharply accelerate the pace at which XRP is accumulated, amplifying existing pressures on supply as new financial use cases emerge.
Mini dictionary: Real-world asset tokenization, the process of using blockchain technology to represent ownership or rights to traditional assets, such as real estate or securities, as digital tokens that can be traded or settled on a blockchain network.
If this trend accelerates, analysts predict retail investors waiting on the sidelines may face significantly reduced opportunities to purchase XRP at current prices or in comparable volumes.
Supply scarcity and warning to investorsDigital Asset Investor warned that ongoing withdrawals combined with increased institutional interest could result in dramatically less XRP being available on open exchanges. He cautioned future investors that those delaying entry might struggle to obtain substantial quantities of XRP, compared with today’s market participants.
He stated, “People are going to be sick,” urging his audience to take note in light of evolving market conditions.
The warning highlighted concerns that, if exchange outflows persist alongside growing demand for tokenized assets, market liquidity for XRP could decline sharply, constraining access for latecomers.
Key metrics: Exchange outflows and total supplyWith a 24-hour outflow amounting to 1.6 billion XRP, active monitoring of exchange supplies has become a focal point for investors and analysts tracking the token’s distribution trends. Market watchers are evaluating how sustained outflows could affect available supply and pricing dynamics over the coming months.
MetricAmountPercentage of Total SupplyXRP withdrawn (24h)1.6 billion1.6%Total XRP supply100 billion100%While some see this as a pivotal supply event for XRP, others advise caution, recommending that investors stay informed and exercise due diligence.
XRP experienced renewed selling pressure, falling 2.86% to $1.29 while trading volume dropped 24.1% to $1.28 billion in the last 24 hours. The decline in volume alongside price weakness has drawn attention from analysts monitoring key support zones, particularly as a possible double top pattern emerges on the charts.
XRP double top raises downside concernsA potential double top formation is worrying traders who are closely following XRP’s price action. Crypto With Gopal, a digital asset analyst known for technical evaluations, identified two recent price rejections in the $1.65 to $1.70 range. These repeated failures to break higher have led to speculation that XRP could be at risk of further losses, especially if immediate support levels fail to hold.
Crypto With Gopal noted that sellers stepped in after two rejections near $1.65 to $1.70, causing XRP to slide toward the $1.25 support zone. If the price breaks below this area, the path toward $0.80 could become more likely.
A double top is a classic chart pattern that often signals a potential trend reversal. In this scenario, two similar price peaks form before a retracement, suggesting that buying power is weakening. The recent pullbacks to the $1.25 area have now become critical for future price direction.
Analysts have identified the $1.25 support as a key level. Should XRP fall below this threshold, further downward movement toward $0.80 could follow according to Gopal’s assessment. While this is a possible downside target, this outcome is not certain unless the support area is decisively breached.
Alongside softening price action, XRP’s market capitalization now sits at $82 billion. The decline in trading activity, reflected in the reduced volume, suggests uncertainty as traders pause to watch pivotal support.
MetricPreviousCurrentPrice$1.33$1.2924h Change—-2.86%Volume$1.68 billion$1.28 billionSupport$1.25$1.25Potential DownsideNot flagged$0.80 if breakdownXRP technical signals show persistent weaknessTechnical analysis suggests continued weakness for XRP. The Relative Strength Index (RSI) currently sits at 35.45, placing it well below the neutral threshold of 50. This reading signals that sellers are in control and buying pressure remains limited.
Further bearish momentum is seen in the Moving Average Convergence Divergence (MACD) indicator. The MACD line is measured at -0.03221, remaining below its signal line at -0.01274, with a histogram of -0.01946, reinforcing the negative outlook.
XRP is also trading under key technical resistance. The 0.786 Fibonacci retracement level at $1.34 has turned into immediate resistance, while further upside barriers are expected near $1.45. A sustained move above these levels would be required for a possible rebound.
Mini dictionary: RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements, with values below 50 typically indicating weaker momentum or bearish pressure.
Key levels for XRP in the near termFor traders monitoring immediate risks, $1.25 remains the crucial support level, as identified by the latest analysis. If selling persists, Fibonacci levels near $1.20 could act as an additional downside marker.
Protecting the $1.25 support and regaining the area between $1.40 and $1.50 may be essential if XRP is to reverse recent losses and regain positive momentum.
Overall, the combination of declining volume, technical weakness, and potential trend reversal signals places XRP in a vulnerable position. If the double top formation is confirmed by a breakdown of support, price movement toward $0.80 may become increasingly likely.
XRP (CRYPTO: XRP) extended its recent decline as the broader crypto rally stalled and investor demand cooled. The token slipped to $1.3080, its weakest level since September 18 and roughly 20% below its September highs. The retreat could deepen, as the price has formed a bearish technical pattern and ETF outflows are climbing.
Ripple has pulled back over the past few weeks, in line with Bitcoin (CRYPTO: BTC) and other altcoins. The market capitalization of all tokens has dropped from nearly $3 trillion in September to $2.7 trillion today.
This retreat has coincided with the fading demand in the spot, futures, and ETF market. CoinGecko data shows that its 24-hour volume dropped to $1.4 billion from over $1.7 billion on the same day last week.
Spot XRP ETFs recorded outflows of more than $2.47 million on Friday, after shedding $104,000 the day before. That left the funds with a net outflow of $1.8 million for the week, their first weekly outflow since July. Bitwise’s XRP fund holds $541 million in assets, while Franklin’s XRPZ holds $390 million.
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XRP’s futures open interest has also been sliding, dropping to $2.8 billion, its lowest level since September 17. It peaked at $3.78 billion last month, which puts the current figure roughly 26% below that high. Falling open interest typically signals that demand from leveraged traders is fading.
The performance has coincided with rising macro headwinds. Crude oil prices soared, with Brent, the global benchmark, crossing the $110 milestone. The West Texas Intermediate (WTI) jumped to $101 as the crisis in the Middle East escalated. US bond yields have continued rising, with the 10-year rising to 5.10%.
The daily chart shows that XRP price has dropped sharply in the past few days, moving from a high of $1.6465 to $1.3082. It is attempting to move below the neckline of $1.2470, its lowest level on September 15.
XRP is attempting to form a death cross pattern, which happens when the 50-day and 200-day moving averages cross each other. The Relative Strength Index (RSI) and the MACD have continued falling.
Therefore, the price may continue falling as sellers target the psychological level of $1.00. A move above the resistance level of $1.3840 will invalidate the bearish outlook.
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XRP is trading at $1.30, having declined 2.26% as broad losses persist across the cryptocurrency market. Crypto analyst Austin Hilton has drawn attention to a technical setup that, according to him, has historically signaled major price moves in XRP whenever certain chart conditions are met.
Technical signals under reviewHilton outlined a specific indicator on XRP’s chart that issues a green dot when a wave component drops below a white line. He pointed out that this green dot signal has reliably appeared ahead of significant XRP rallies in recent years.
Reviewing past instances, Hilton stated that a green dot formation preceded a 194% surge in XRP within just 12 days in August. He highlighted two other notable occurrences, which resulted in gains of 124% over 10 days and 101% over 11 days. In addition, he recalled an earlier case where XRP jumped approximately 83% in 12 days after the indicator flashed the signal.
Hilton indicated that all recent green dot signals on this chart have produced moves of over 100% shortly after confirmation, reinforcing his belief in the pattern’s reliability on XRP.
Present consolidation and potential breakoutSince late August, Hilton observed that XRP has entered a consolidation phase and recently slipped below a support level at $1.32. He noted that the technical indicator’s blue wave is now moving underneath the white reference line, a condition that previously led up to the green dot’s appearance.
However, Hilton clarified that the key buy signal has not yet materialized. He stressed that the chart setup is only in the initial stage, describing the current price action as typical of periods before a potential breakout. Hilton continues monitoring for a confirmed green dot below the white line as a possible trigger for entering a position.
He often references the alignment of price weakness and consolidation as a setup that matches those which preceded prior major upswings, but emphasizes that without the green dot, the opportunity remains unconfirmed.
Awaiting confirmation before actingHilton distinguishes this period from earlier chart formations where the indicator approached but did not cross beneath the white line; only true crossings generated the historical buy signal. He advises patience, stating that he is following the lower right section of the chart and looking for full confirmation before acting.
In this context, he maintains that his outlook is based on prior indicator performance rather than external sentiment or news. Hilton reiterates that confirmation always happens after the technical criteria are fully satisfied and is waiting for this explicit indicator before moving forward.
Meme token trading and the importance of timingBeyond XRP’s price movements, close observation of investor timing and token selection is becoming vital in the wider crypto environment. In the meme token market, internet trends can quickly turn into millions of dollars in activity. Data from Fomo App shows one trade in “Niu Lai” where a $99 investment escalated to about $370,000, illustrating this rapid transformation. Fomo App facilitates token discovery and trading in one place, featuring social feeds, investor rankings, and trade alerts. Such tools are gaining relevance as traders look to monitor both price and strategic activity in fast-moving markets.
Crypto analyst Steph Is Crypto recently drew attention to ongoing concerns about XRP’s price trajectory, echoing data shared by leading digital asset news outlet CoinDesk. The discussion highlights the significant gap between XRP’s current valuation and its highs achieved in early 2018, despite notable gains in competing cryptocurrencies over the same period.
Coindesk chart reveals performance gapCoinDesk’s latest analysis compared the performance of major cryptocurrencies since their respective peaks in late 2017 and early 2018. The data sets out how assets like BNB, Dogecoin, and Bitcoin have not only recovered but also surpassed their previous records. According to the chart reflecting prices as of October 2026, BNB leads with a surge of 2,818% over its earlier high. Dogecoin and Bitcoin have recorded increases of 322% and 314%, respectively, while Ethereum shows a 66% gain. Zcash has climbed 38%, and Tron trades just 4.2% below its previous record.
In stark contrast, XRP stands out as the only major asset substantially below its previous high, trading at $1.33—still 62.5% under its all-time peak from January 2018.
AssetPerformance vs. Previous HighCurrent Price*BNB+2,818%—Dogecoin+322%—Bitcoin+314%—Ethereum+66%—Zcash+38%—Tron-4.2%—XRP-62.5%$1.33DATA: XRP trades around $1.33, about 62.5% below its January 2018 peak, while Bitcoin, Ether and several other major cryptocurrencies have surpassed their previous highs.
The all-time high debateUncertainty remains about XRP’s precise all-time high. Some reference $3.84 as the top reached in 2018, but Ripple’s former Chief Technology Officer David Schwartz stated the true peak is $3.65, recorded in July 2025. Regardless, the token exceeded $3 in early 2018 but remains significantly below these levels today.
Mini dictionary: David Schwartz, a key figure in the development of Ripple and the XRP Ledger, played an instrumental role as the company’s CTO. His technical clarifications are often referenced within the industry.
XRP adoption versus price stagnationDespite more than six years of development, ongoing partnerships, and institutional adoption by Ripple, XRP has not succeeded in breaking above its historical highs. Numerous price forecasts from both analysts and the XRP community have not materialized into new peaks. In comparison, Bitcoin and Ethereum not only reached but surpassed their previous record prices.
XRP remains one of the few major crypto assets still trading below its historic 2018 high, despite years of ongoing partnerships and predictions of new rallies.
Some in the XRP community blame ongoing legal pressure for the stagnant price. According to community discussions, while leading assets like Bitcoin and Ethereum have not faced the same degree of legal scrutiny, XRP’s value may have suffered due to the longstanding lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple.
Others within the community advise patience, arguing that long-term investors could still see substantial returns if regulatory challenges are resolved. Some, however, describe the asset as manipulated and have encouraged holders to consider selling due to continued underperformance.
XRP has undercut the $1.31 level needed for its current correction, leaving room for a rebound without necessarily sweeping the $1.25 support.
XRP has reached a support area where its current correction could begin to turn higher without first falling all the way to $1.25.
XRP’s 24-hour structure shows price entering its corrective support area after undercutting the earlier $1.31 low. The setup allows a rebound without a full sweep of $1.25, while the lower blue demand zone remains the broader invalidation area. The setup centers on the recent $1.31 low: under one Elliott Wave interpretation, XRP only needs to move beneath that earlier low to complete the final leg of the correction before attempting another advance.
XRP currently trades near $1.33, according to CoinMarketCap, after reaching a 24-hour low around $1.29. That means price has already traded beneath the $1.31 reference level highlighted in the structure.
The question now is whether that undercut was enough—or whether sellers will continue pressing XRP deeper into the support zone.
Why $1.31 Could Mark the Turning Area The current decline is being treated as an A-B-C correction.
The important detail is the shape of the B-wave. If that wave developed as a flat containing an “unorthodox low,” the final C-wave does not necessarily need to produce a dramatic new low.
It may only need to push beneath the earlier A-wave low around $1.31 before the corrective sequence can finish.
XRP has now done that intraday.
With price recovering toward $1.33 after dipping below $1.31, the market is already testing whether buyers will defend this portion of the structure.
That gives the current area more technical significance than a simple horizontal support.
XRP Does Not Have to Touch $1.25 The chart also marks a broader white demand zone below current price, extending roughly through the upper-$1.20s toward $1.25.
That area remains available if the correction stretches further, but the wave interpretation does not require XRP to sweep $1.25 before rebounding.
From $1.33, a move to $1.25 would represent another decline of roughly 6%.
This distinction matters. The scenario is not that $1.25 cannot break or cannot be tested. Rather, price may already have satisfied the minimum condition for the corrective C-wave by taking out the $1.31 A-wave low.
The next candles need to show whether buyers agree.
A Rebound Would Put $1.50 and $1.70 Back in View If XRP establishes a floor around the current region, the first meaningful recovery would require a move back toward $1.45-$1.50.
Above that sits the descending resistance line and the former B-wave region. The chart places a larger resistance reference around $1.70, which would need to be cleared before the bullish structure could expand toward higher extensions.
Further levels shown include approximately $1.93-$2.00, followed by the $2.08 area.
Those are later-stage targets and only become relevant if XRP first confirms that the current correction has ended.
From $1.33, a recovery to $1.50 would equal roughly 13%, while $1.70 would require about 28% upside.
Lower Blue Zone Is the Broader Bullish Invalidation Test The more serious downside risk sits below the white support area.
A larger blue demand zone stretches around roughly $1.05-$1.15 on the chart. This represents the broader support holding the bullish higher-timeframe interpretation together.
A higher-timeframe close beneath that region would undermine the current recovery thesis and increase the risk that XRP returns toward the $0.99 area or produces new lows.
For now, however, XRP is much closer to the first potential turning point.
The $1.31 low has already been undercut, meaning XRP could begin recovering without ever touching $1.25. Whether that happens now depends on buyers turning the current $1.29-$1.33 region into a durable floor.
XRP has entered a period of subdued retail interest, with global search activity for the cryptocurrency dropping significantly from its previous highs. Data from Google Trends shows that, by mid-October 2026, interest in XRP measured by global search volume had declined by more than 90% compared to July 2025, when the token surged toward the $3.65 level.
The search popularity index for “XRP” slipped to 13 points out of 100, reflecting the sharpest decline in sentiment among retail traders within the past year.
Sharp fall in search volume, but price remains resilientA review of search data since 2012 highlights the scale of last year’s surge. The spike in July 2025 appears as an isolated peak in long-term charts, with search interest returning to minimal levels before and after that event.
The trend has persisted over the past 12 months. On an annual time frame, search queries have fallen by half, and even the local uptick seen between August and September had disappeared by mid-October.
While general activity around XRP has dropped to multi-year lows, the price of the coin has demonstrated notable resilience. Despite reduced enthusiasm from smaller traders, XRP’s price has held within a narrow band of $1.30 to $1.34, establishing critical support at $1.25.
Contrasting apathy in search engines and stability in the marketThis extended period of low retail interest reflects a broader pattern affecting the entire crypto sector, as similar apathy has also dampened search volumes for bitcoin. In the case of XRP, analysts note a paradox: even as curiosity wanes, there has been no significant selling pressure pushing the price lower.
According to derivatives market data, excess leverage has disappeared as speculative positions have unwound. With many prediction platforms and algorithmic tools indicating that a psychological bottom in retail attention has been established, market observers are watching for signs of change in momentum.
Looking ahead, most models see XRP stabilizing in a consolidation range between $1.40 and $1.50 for the remainder of October. The return of heightened demand from retail traders, particularly visible in Google search activity, is likely required before any attempt at new all-time highs can be made.
Even with this pause, some analysts believe that the calm period could provide a base for the next extended market cycle. As the technical outlook tightens within key resistance and support zones, many traders are searching for tools that allow them to react quickly to sudden developments, such as Federal Reserve decisions or new altcoin listings, both of which can move the market in a matter of seconds. In this context, privacy-focused apps like CryptoAppsy are gaining popularity by offering real-time charts, smart price notifications, coin-specific headlines, and macroeconomic data on a single interface—without the need to register an account.
Financial analyst Austin Hilton has unveiled Market Vitals, a new trading platform aggregating data from 115 cryptocurrencies to offer real-time market health scores. Hilton presented the tool in a recent video and tweet, addressing $XRP holders and highlighting its potential for traders seeking advanced analytics.
Real-time market health score explainedMarket Vitals provides a single health score ranging from 0 to 100, designed to reflect current conditions across the broader cryptocurrency market. According to Hilton, this aggregate score draws on live data from an institutional-grade trading desk and includes comprehensive input from millions of dollars in trading activity.
“The data behind this is running an institutional-grade trading desk, millions of trading dollars.”
At the time of Hilton’s demonstration, the overall market received a health score of 56. A score between 50 and 65 signals a generally healthy environment, but Market Vitals projected a short-term pullback, with a forecasted -3.6% move expected over the following 10 days. The platform also anticipated a positive turn over a 30-day period but expressed caution for the 90-to-120-day outlook.
Mini dictionary: Market Vitals is a proprietary platform using real-time institutional data, advanced algorithms, and sector analysis to produce market health metrics and signal trading opportunities across multiple cryptocurrencies.
Sector breakdowns revealed that infrastructure coins held the strongest positions, while meme coins showed a sector score of 36, placing them among the weakest performers currently tracked by the platform.
SectorCurrent ScorePositionInfrastructureHighStrongestMeme coins36WeakestXRP’s signal: Caution for tradersHilton examined $XRP during his walkthrough, noting that Market Vitals currently rated XRP as a sell. This signal had been in place since October 7, 2026, according to the platform’s trading rule. He explained that the sell rating should be viewed as a tool for short-term trading and not as advice for long-term holders to exit their positions entirely.
While presenting Market Vitals, Hilton stated that its signals are targeted at active traders, not those holding long-term positions.
Analyzing the prior six months, Hilton referenced the platform’s buy and sell signals. The last major buy indication led to a 32% rally in XRP’s price, while a later sell alert preceded a 26% drop. The trading signals are intended to help users time entry and exit points around their core investments.
Platform features and subscription termsMarket Vitals is currently available for $99 per month, with a quarterly subscription option providing a lower rate. Hilton emphasized the inclusion of a 30-day, no-questions-asked refund for new users.
The platform features a portfolio tool allowing users to enter their holdings and get a composite health score, while individual asset rankings highlight which coins among the top 100-plus are currently in buy or sell zones. As of Hilton’s demonstration, coins such as Python, Arbitrum, Filecoin, and Injective ranked among the preferred buy signals.
Hilton described Market Vitals as a resource integrating years of proprietary data with AI-driven analytics, aiming to make institutional-grade tools accessible to retail investors for the first time.
17 October 2026 | 12:41 XRP has failed to stay above $1.34 and is moving closer to a support cluster at $1.26-$1.28 after 2.5% daily loss. Search activity and futures open interest are lower than during the earlier rally, but neither measure can show whether buyers or sellers will control the next move.
The XRP/USD daily chart showed price at $1.3082 on October 17 at 06:46 UTC. Its low of $1.30 left XRP above the $1.26-$1.279 range, where two longer-term moving averages meet a Fibonacci retracement.
XRP approaches the $1.26-$1.28 support cluster. The chart has changed in a specific way: $1.34 has shifted from support to resistance. XRP can bounce from the lower range, but it must reclaim $1.34 before that bounce begins to repair the breakdown.
XRP has given up the midpoint of its prior rally XRP’s latest decline follows a failed attempt to sustain a recovery above $1.34. Price has broken below its rising trendline and the 50-day simple moving average, while a descending resistance line from the measured rally high remains above the market.
That is a weaker setup than during the earlier recovery above $1.34, when XRP was trying to reach the $1.42-$1.43 resistance area. The support range identified in that analysis is now much closer, although the current candle has not reached it.
The Fibonacci grid measures the move from $0.99 to the $1.70 local high. XRP has fallen about 23% from that high and now trades below the 50% retracement at $1.34.
A move back above $1.34 would be the first repair, not a full trend reversal. XRP would still have to deal with the 50-day average, the 38.2% retracement and the descending trendline above.
The next test sits between $1.26 and $1.28 The 200-day SMA stands at $1.279, the 100-day SMA at $1.274 and the 61.8% Fibonacci retracement at $1.26. These are different tools pointing to the same small price area: the averages track longer price trends, while the retracement measures how far XRP has pulled back from its prior advance.
At $1.30, XRP was still about 2.2% above the upper edge of the range and 3.6% above its lower boundary. It is approaching the area, not testing the whole band yet. A brief wick into the range would be less meaningful than a close back above it after a sell-off.
Daily relative strength index, or RSI, stood at 36.07, below the neutral 50 mark and its smoothing line at 44.27. The reading fits the current weak momentum, but it is still above the conventional oversold threshold of 30. RSI alone does not show that sellers are finished.
Follow the price route
$1.34: The lost 50% retracement is XRP’s first recovery level. Holding back above it would show that the breakdown is losing force. $1.26-$1.279: The 61.8% retracement, 100-day SMA and 200-day SMA meet here. This is the first area where a more substantial response from buyers would matter. $1.14: The 78.6% retracement becomes relevant only if XRP closes below the nearer range and cannot recover it. $1.417-$1.427, then $1.53: A sustained recovery would still need to clear the 50-day average, the 38.2% retracement and the falling trendline before XRP could target higher resistance. Retail attention arrived early, then faded before futures did The sharp shift in XRP retail search interest is visible in Google activity. The worldwide Google Trends series for “xrp” reached 100 in December 2024 and remained high at 91 in January 2025. By October 2026, the reading had dropped to 16, a partial-month result that is 84% below the historical peak.
XRP searches fade after the 2024 peak. Futures exposure did not peak at the same time. The CoinGlass chart shows XRP open interest continuing to build after the search spike, eventually rising above $10 billion around July. Retail curiosity came first; the largest build-up in derivatives positions followed months later.
XRP open interest remains below its peak. Both measures have since cooled. CoinGlass listed XRP futures open interest at about $2.80 billion, well below the earlier area near $11 billion. After falling from that peak, it recovered into the roughly $3 billion-$4 billion range during later bursts of activity, but did not return to the previous high.
Google Trends does not count investors or their trades. It measures XRP’s share of searches, normalized for the selected period and geography. Open interest is also not directional because it includes both long and short positions, while its dollar value can fall alongside XRP’s price.
The charts show a much cooler backdrop than during XRP’s earlier run. They cannot determine whether the $1.26-$1.28 support range will hold. That answer will come from the price reaction and the participation behind it.
The support reaction could set the next direction If XRP reaches $1.26-$1.28 and rebounds, the first test would be $1.34. A daily close above that level, followed by the ability to hold it on a pullback, would carry more weight than a single green candle near support.
Above $1.34, XRP would face $1.417-$1.427, where the 50-day average sits near the 38.2% retracement. The descending trendline remains a further obstacle. Only after those references are recovered would $1.53 come back into focus.
If XRP closes below $1.26 and cannot regain the range, attention would shift to $1.142. A break below that level would leave $0.99, the starting point of the measured rally, as the deeper reference.
Spot volume and contract-denominated open interest would offer a clearer read on participation around that support test than search interest alone.
This article is provided for informational purposes only and does not constitute financial or investment advice. Technical indicators and market data are interpretive tools, not guarantees of future price movement.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
XRP is trading around 1.33 dollars, 62.5% below its January 2018 peak, while Bitcoin and Ether have largely surpassed their levels from that time. This underperformance does not mean that all its holders have lost money: it mainly concerns those who bought close to the peaks, while the increase in supply has diluted the value represented by each token.
In brief XRP is trading around 1.33 dollars, 62.5% below its January 2018 peak. Unlike Bitcoin and Ether, XRP struggles to maintain its gains in the long term. The circulating supply has increased by 63% since 2017, which weighs on the value of each token. Limited institutional demand and still modest adoption of XRP hinder its progress. A sustained rise in XRP will depend on demand capable of absorbing new units put into circulation. XRP remains far from its January 2018 peak While its capitalization has just fallen by 117 billion dollars, XRP’s journey strongly depends on the date chosen to measure its return. An investor who entered at a low price could have made a significant profit, but one who bought during the euphoria of early 2018 remains largely at a loss nearly nine years later.
Several figures illustrate this gap :
XRP trades around 1.33 dollars ; Its January 2018 peak was near 3.55 dollars ; The token thus remains about 62.5 % below this level ; It briefly reached 3.66 dollars in July 2025 before dropping again ; Its circulating supply has increased from 38.7 to 63.1 billion XRP since 2017. The situation contrasts with that of Bitcoin and Ether. Despite their decline since the record highs of 2025, both assets remain well above their peaks of the 2017 cycle. Investors who have held their positions since that period therefore show, on average, significantly better performance.
However, it would be an exaggeration to say that XRP has enriched no holder. Purchases made during market lows, particularly below 0.30 dollars, have generated high returns. The comparison mainly concerns a buying strategy at the peak of 2017-2018 followed by holding without trading.
The brief record in July 2025 also shows that some investors found a profitable exit window. However, its temporary character highlights XRP’s inability to sustainably maintain a valuation higher than its former peak.
The increase in supply dilutes the value of each token XRP has a fixed cap of 100 billion units, all created at the launch of the XRP Ledger. The protocol does not issue new tokens by mining or staking. However, the supply available on the market keeps increasing as Ripple releases and distributes a portion of the XRP held in escrow.
Nicolai Sondergaard, an analyst at Nansen, explains:
The circulating supply has increased by 63%, from 38.7 billion in 2017 to 63.1 billion, while the total value of XRP has only fallen by about 3%. More XRP in circulation means each token represents a smaller share of an almost identical total value.
This distinction between unit price and market capitalization is essential. If the market capitalization remained stable while supply grew by 63%, the theoretical price of each XRP would decrease by about 39%. The price can therefore remain much lower than its former record even if the total value assigned to the network approaches it.
Oliver Carding, marketing manager of Tesseract Group, thus considers that the performance seems less bad when measured by capitalization. “In value, XRP has recovered”, he states. However, this collective recovery does not benefit former holders in the same way, as it is spread among more tokens.
In the 90 days preceding October 10, about 898 million XRP are said to have joined the circulating supply. At the same time, transaction fees have only destroyed about 44,800 XRP. The burn mechanism therefore remains too weak to offset the distributions.
Insufficient institutional demand and usage The increase in supply alone does not explain XRP’s lag. Institutional demand remains much weaker than that observed for Bitcoin and Ether. ETFs related to these two assets have attracted several billion dollars, while XRP products have more modest assets under management and flows.
Trading activity has also declined after periods of euphoria. A drop in volumes limits market depth and reduces XRP’s ability to absorb new units put into circulation without price pressure.
XRP’s positioning also played a role. Ripple develops its use in international payments and strengthens its ecosystem with the stablecoin RLUSD. However, the token has benefited less from successive big trends in the sector, such as decentralized finance, NFTs, staking, or applications related to artificial intelligence.
Finally, the long legal battle between Ripple and the Securities and Exchange Commission fostered regulatory uncertainty for several years. Even after favorable advances obtained by the company, this period hindered access to the U.S. market and weakened the confidence of some investors.
XRP therefore suffers not from a single weakness but from a combination of supply dilution, weaker demand, and limited adoption of the token itself. A sustained rise would require purchases to absorb future distributions rather than relying only on speculative episodes.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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Former Ripple CBDC adviser Anthony Welfare says the XRP Ledger (XRPL) has the technology to support large-scale banking and cross-border payments. But there is a catch.
He believes that strong technology does not automatically lead to overall institutional adoption or guarantee gains in XRP’s price.
XRP Ledger Is Ready for Large-Scale BankingSpeaking on the AllinCrypto Podcast, Welfare said XRPL can support cross-border payments, tokenized assets, and fast, low-cost transactions. He sees no fundamental reason the network cannot scale to meet the needs of banks, payment systems, and governments.
“The tech is there, I don’t believe it couldn’t scale to whatever is needed for any banking system, payment system, or government.”
He further pointed to XRPL’s ability to process transactions in seconds.
He also noted that companies are moving beyond blockchain trials toward pilot programs and real-world applications, although much of this work remains private.
XRPL Has the Technology for Payments and TokenizationWelfare said XRPL allows users to trade assets and send money between wallets in less than three seconds.
He also pointed to Ripple (RLUSD), a dollar-backed stablecoin, as an example of how the network can support digital payments. In the future, users could also transfer digital versions of currencies, stocks, and other assets through blockchain networks.
Liquidity and Interoperability Remain Major ChallengesDespite these capabilities, institutions need more than speed to adopt XRPL. Welfare said they also require sufficient liquidity, reliable asset backing, custody services, and compliance systems.
Connecting different networks is another challenge, as businesses may use Ethereum, Arbitrum, private blockchains, or other systems instead of relying on one ledger.
“The tech is there. There’s no reason why it shouldn’t work, apart from humans.”
This means that the challenge is not only about transaction speed or cost. Institutions must also decide which networks to use and how to connect them.
XRPL Adoption Does Not Guarantee XRP Price RallyAt last, when asked whether growth in the XRPL ecosystem would lead to an XRP price rally. Welfare said banks and companies can use the XRP Ledger to send money and move digital assets. But more use of the network does not mean the XRP token will gain the same value.
The benefit to XRP depends on how it is used in payments. Other factors, such as available funds, asset backing, safe storage, and how payments move, also matter.
Therefore, higher XRPL transaction volumes do not automatically lead to higher XRP demand or prices.
As of now, XRP is trading near $1.31 amid a broader crypto market correction.
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Cross River Bank has integrated RLUSD on the XRP Ledger (XRPL) into its proprietary Core Operating System (COS), enabling fintech firms to access RLUSD settlements alongside ACH, wire transfers, and real-time payments through a single API connection. This development positions RLUSD as a direct settlement option within the banking infrastructure already used by Cross River’s fintech partners.
New settlement rail for fintechsWith this integration, fintechs connected to Cross River’s COS platform can now move between U.S. dollars and RLUSD directly. RLUSD, a stablecoin backed on a 1:1 basis by U.S. dollars, is issued on the XRP Ledger and supports real-time, low-cost settlement. Transactions on the XRPL are processed within three to five seconds, allowing for 24/7 settlement at minimal fees.
The enhanced system supports intraday settlement for both issuers and acquirers, helping to significantly reduce latency. This improvement is especially relevant for payment companies seeking immediate, secure, and regulated settlement without managing multiple vendors or blockchain systems.
Adam Goller, Head of Fintech Banking at Cross River, explained that this partnership removes complexity and streamlines payments, making it possible for fintechs to access all payment options, including RLUSD, through a single system.
Mini dictionary: Cross River Bank is a US-based financial institution specializing in technology-driven banking and payment solutions, serving both fintech companies and enterprises by providing regulated access to financial infrastructure.
XRP Ledger’s role and technical featuresAccording to XRPL validator Vet, integrating RLUSD on the XRPL marks a major step for XRP’s role as a bridge asset. The XRPL supports functions such as tokenization, trust lines, and account reserves, features that contribute to its efficiency and ability to serve as a settlement layer.
The ledger’s decentralized exchange also leverages an autobridging mechanism powered by XRP, which automatically provides liquidity between different token pairs. As more assets are issued on the XRPL, activity and demand for XRP are expected to grow in tandem.
Vet described the XRPL as a “purpose-built settlement machine,” adding that RLUSD’s integration opens the door for broader network usage and allows the ledger to manage the complexity of settlement autonomously.
Mini dictionary: XRPL (XRP Ledger) is a decentralized, open-source blockchain platform developed to enable fast, low-cost, and reliable cross-border payments and token issuance, using XRP as its native currency.
Adoption, scale, and industry impactRLUSD’s market capitalization has surpassed $2.5 billion, with more than $1 billion currently circulating on the XRP Ledger. To date, the XRPL network has settled over $1.3 trillion in value. RippleX, a division of Ripple dedicated to XRPL development, highlighted Cross River’s adoption as a major opportunity for advancing regulated blockchain payments in banking.
Markus Infanger, SVP of RippleX at Ripple, noted that Cross River’s deployment of RLUSD and the XRPL’s settlement capabilities demonstrates how regulated financial systems are increasingly leveraging blockchain for efficiency and scale.
The RLUSD integration is currently live only in a limited number of U.S. states. Ripple and Cross River have emphasized that this initiative creates shared infrastructure allowing RLUSD and traditional U.S. dollar transactions to coexist within a regulated framework.
MetricValueRLUSD total market cap$2.5 billionRLUSD supply on XRPL$1 billionValue settled on XRPL$1.3 trillionFor validators and participants in the XRPL ecosystem, the Cross River integration provides a live example of regulated, real-time settlement running at scale via public blockchain technology.
As countries continue exploring alternatives to reduce dependence on the US dollar, Phil Kwok, co-founder of EasyA—a prominent platform focused on blockchain education—suggested that XRP’s original mission should be reconsidered. Kwok argued that XRP can enable cross-border payments between different currencies without linking transactions to any particular government.
XRP’s design as a bridge assetAccording to Kwok, the XRP Ledger was created to solve inefficiencies in exchanging money between various fiat currencies. Traditional currency exchange often requires access to pairs with high liquidity. When these pairs lack sufficient volume, transactions become costly or complicated for users seeking to move value internationally.
The XRP Ledger uses a mechanism known as auto-bridging, allowing XRP to serve as an intermediary asset when exchanging two less liquid currencies. This setup can link markets that otherwise lack robust direct trading pairs and could lead to broader financial connectivity.
Kwok described XRP as intentionally built for this global intermediary role.
“The world needs a neutral bridge currency, and XRP was designed exactly for that. The question now is what happens as the landscape shifts,” he stated.
The auto-bridging feature stands out for its ability to facilitate transactions across otherwise fragmented currency markets.
Mini dictionary: EasyA, a blockchain accelerator and educational platform that provides resources for developers and entrepreneurs in the crypto industry.
Stablecoins: Limits and unanswered questionsAcknowledging the growing popularity of stablecoins, Kwok noted examples such as RLUSD—a stablecoin pegged to the US dollar and issued by a Ripple subsidiary. These digital assets let users transfer and retain dollar-based value without needing a US bank account, offering convenience in global commerce.
Despite this, Kwok raised concerns over scenarios in which two parties wish to transact without involving a currency tied to any national government. In such cases, stablecoins may not offer a truly neutral medium of exchange.
“There needs to be something in the middle unaffiliated with any specific government, and XRP is positioned for this role,” he emphasized.
This perspective highlights the ongoing debate within the crypto sector over the need for a digital asset capable of bridging multiple monetary systems.
Geopolitical tensions and growing demandKwok believes that rising geopolitical tensions could accelerate the search for alternative payment systems. Drawing a parallel with the global shift to remote work during the COVID-19 pandemic, he suggested that international disputes may act as a catalyst for the adoption of new financial technologies.
Crypto advocate John Squire expressed a similar opinion, highlighting that XRP was envisioned as a neutral bridge long before most market participants recognized the potential need. Squire cautioned that real-world adoption remains the true test ahead.
Kwok argued that geopolitical shifts increase the relevance of a neutral bridge asset, but also stated that demand alone does not guarantee XRP’s widespread adoption among financial institutions. The asset’s technical abilities for currency-to-currency transfers offer significant promise, yet actual take-up from banks and payment providers will ultimately determine its importance in the global system.
The outcome depends on whether financial institutions are willing to embrace XRP for its intended cross-border function. Sustained adoption, rather than just technical capability, will decide the extent of the asset’s impact.
Ripple has entered a strategic partnership with DriveWealth, a global provider of Brokerage-as-a-Service technology, to bring RLUSD stablecoin settlement and payments infrastructure to an international network of financial partners. DriveWealth serves as a technology backbone for more than 100 fintech platforms and financial institutions, offering white-label brokerage services to enable investment access without requiring firms to develop their own infrastructure.
RLUSD stablecoin integration with brokerage operationsThe collaboration will introduce RLUSD stablecoin-based settlement on the XRP Ledger (XRPL), starting in Europe with plans for future expansion into the US market. According to Ripple, the integration targets institutional finance and aims to simplify how fintechs, digital wallets and financial institutions manage payment and collateral flows.
With this partnership, DriveWealth clients may gain the capability to fund and manage collateral accounts using RLUSD stablecoins, which can be rapidly converted to cash. The infrastructure leverages the digital asset minting and redemption features of Ripple’s ecosystem, potentially streamlining operations and improving liquidity management for participating partners.
Standard Chartered, a multinational bank, recently launched custody services for RLUSD, further highlighting growing institutional use of Ripple’s stablecoin technology.
Despite the media attention, DriveWealth and Ripple have not revealed the list of partners that will immediately use the RLUSD settlement option. There were no transaction volume figures or a defined launch date announced.
Mini dictionary: DriveWealth is a US-based fintech firm specializing in API-driven brokerage infrastructure, enabling its clients to offer global investment access without building regulatory and technical systems from scratch.
DriveWealth will enable stablecoin-based funding and settlement solutions on a network of over 100 brokerage partners worldwide, building a link between the blockchain and traditional equities infrastructure.
Potential impact on stock settlement efficiencyOne of the core challenges for global brokerage operations relates to slow processing times for cross-border funding. While US equities now settle under a T+1 cycle, requiring trades to clear one business day after execution, international bank transfers may still lag due to time zone differences and the legacy payment system.
DriveWealth already offers its platform partners access to extended trading hours; however, the movement of cash across borders remains a constraint. RLUSD stablecoin transactions could allow for real-time fund transfers, unrestricted by conventional banking hours.
This structure reflects broader trends in institutional finance, where digital assets are increasingly used to facilitate rapid collateral movement and transaction settlement. Nonetheless, instant funding via RLUSD does not replace the regulatory clearing and settlement required for US stock transactions, but rather focuses on cash management before and after trades.
While rapid stablecoin funding increases efficiency, the regulated clearing process for US equities will continue to operate separately from blockchain-based collateral flows.
Expanding Ripple Prime’s digital asset servicesBeyond payments and collateral, the Ripple and DriveWealth partnership extends into digital asset custody and equity financing services. Ripple Prime—the institutional division of Ripple—aims to enhance market access for large clients by providing secure storage for digital assets and potential financing via equity-linked products.
This development follows DriveWealth’s acquisition of brokerage and market infrastructure player Hidden Road for $1.25 billion, which expanded its capabilities in equity and derivative product offerings.
Ripple is also working to expand its XRPL wallet functionality, which helps integrate digital asset payments into broader financial applications. For $XRP holders, the direct impact of this deal on token demand remains uncertain, as transaction fees and account reserves on XRPL will continue to require XRP, but major inflows or volumes have not been disclosed.
Further details regarding the rollout, partner adoption, and customer usage may be revealed at Ripple Swell, an industry event scheduled in New York on October 28.
Ethereum, XRP, and Hyperliquid face resistance as Celestia rallies and Lighter rebounds. Daily charts identify support levels and breakout tests for each coin.
Asset Price Rolling 24-hour change Aggregate 24-hour volume Ethereum (ETH) $2,425.66 −0.43% $11.90 billion XRP $1.31 −1.78% $1.36 billion Hyperliquid (HYPE) $79.99 −1.00% $642.82 million Celestia (TIA) $0.733617 +21.77% $302.67 million Lighter (LIT) $3.22 +5.38% $76.72 million Ethereum: MACD Weakness Eases Without a Bullish Crossover Ethereum closed October 16 at $2,420.22 on Kraken, down 0.79% from the previous daily close. Its $2,490.84 session high failed to extend the recovery, leaving price below the $2,527–$2,535 highs recorded earlier in the week.
Ethereum’s daily Kraken USD chart shows a narrowing negative MACD histogram, but no bullish crossover. Support lies at $2,390.35 and $2,313.42. Daily MACD, using 12- and 26-period exponential moving averages with a nine-period signal line, remained negative.
The MACD line stood at −38.59 against a −9.18 signal line. The histogram improved from −31.29 to −29.41, indicating a narrower bearish gap rather than a confirmed bullish crossover.
Four-hour MACD was above its signal line but still below zero at the latest completed candle. That supports a short-term recovery attempt, not confirmation that the daily decline has ended.
A daily price close above $2,490.84 would strengthen the case for another test of $2,527–$2,535. Holding above that second area would weaken the recent lower-high pattern.
A close below $2,390.35 would instead expose the October 15 low of $2,313.42 and invalidate the immediate rebound setup.
Compared with the October 16 report’s $2,435.07 snapshot, ETH was about 0.39% lower. The focus shifts from moving averages to momentum, but the need to reclaim overhead resistance remains unchanged.
XRP: RSI Slips as Support Near $1.28 Comes Into Focus XRP closed October 16 at $1.30952, down 1.79%. Its daily range remained above the October 15 low of $1.28274, but the lower close showed that the rebound had not established sustained demand.
RP’s daily RSI fell to 36.37 as price held above $1.28274–$1.28724 support. A close above $1.35208 would strengthen the recovery case. The 14-period daily RSI, calculated with Wilder smoothing, fell to 36.37 from 38.75. That reading remains below the neutral 50 level without reaching the conventional sub-30 oversold threshold.
It indicates weak momentum, not an automatic reversal signal. Four-hour RSI at 39.31 also remained below neutral.
The $1.28274–$1.28724 area contains the lows of the last two completed sessions. A daily close beneath $1.28274 would invalidate that short-term support and bring the September 16 low of $1.24610 back into view.
For a recovery, XRP first needs to reclaim $1.33338 and then close above $1.35208, Friday’s high.
That would improve the prospects for a move toward $1.38076–$1.38535. Until those levels are recovered, holding support alone does not establish a new uptrend.
The October 15 report used Bollinger Bands. Since then, Kraken’s daily close has fallen from $1.32990 to $1.30952, about 1.53%, reinforcing the weaker momentum picture.
Hyperliquid: Price Stays Below Falling Moving Averages HYPE closed Friday at $80.22, down 1.80%, after trading between $78.35 and $82.44. Successive highs below $83 since October 14 show that recovery attempts have struggled to regain the earlier trading range.
Hyperliquid closed below its falling 20-day and 50-day EMAs, with support at $77.35–$78.35 and initial resistance at $82.44–$82.69. The 20-day exponential moving average stood at $85.23 and the 50-day EMA at $83.33. Both declined from the previous session, while price remained below them.
The faster average is still above the slower one, so the latest candle did not produce a fresh bearish moving-average crossover. The immediate weakness comes from price position and the falling averages.
Support sits at $77.35–$78.35, encompassing the October 15 and 16 lows. A daily close below $77.35 would put the September lows around $76.53 and $75.11 in focus.
A close above the $82.44–$82.69 recent-high area would be the first recovery checkpoint. Regaining the 50-day EMA would strengthen that attempt, with the 20-day EMA the next dynamic resistance.
A move back beneath $77.35 would invalidate the near-term recovery case. Search interest alone does not resolve this technical weakness.
Celestia: Breakout Arrives With Higher Exchange Volume TIA’s October 16 close of $0.6877 marked a 16.60% daily gain on Kraken and cleared the $0.6321–$0.6325 highs established on October 11 and 13. Unlike an intraday excursion, that move was confirmed by a completed daily candle.
Celestia closed above $0.6325 as Kraken daily volume reached 2.71 times its preceding 20-session average. The $0.7617 level is an October 17 four-hour high, not a completed daily breakout. Kraken recorded 6.97 million TIA traded during the session, approximately 2.71 times the mean of the preceding 20 completed sessions.
The higher matching exchange volume gives the breakout more support than a price move on thin turnover. It does not identify the buyers or establish why they traded.
The first completed four-hour candle on October 17 reached $0.7617 and closed at $0.7330, above Friday’s $0.7221 high. However, the daily candle had not closed above that level.
A daily finish above $0.7221 would confirm a further advance, with $0.7617 the next observed price hurdle rather than a guaranteed target.
On a pullback, the $0.6195–$0.6325 breakout area becomes the main retest zone. Closing below $0.6195 would weaken the breakout, while losing Friday’s $0.5808 low would invalidate the latest upward leg and expose the earlier $0.5200 low.
Lighter: Rebound Remains Below the Bollinger Midpoint Lighter closed Friday at $3.174 on Kraken’s LIGHTER/USD market, up 4.86%. That recovered the previous day’s $3.133 high, but the close remained beneath Friday’s $3.336 intraday peak and the October 14 high of $3.415.
Lighter rebounded below its $3.685 Bollinger midpoint, with $3.336–$3.415 the nearest resistance area. Daily Bollinger Bands, calculated from a 20-day simple moving average and two population standard deviations, placed the midpoint at $3.685, the lower band at $2.890 and the upper band at $4.481.
Price rebounded inside the lower half of the envelope, while the midpoint continued to fall. This remains a recovery within a declining trend rather than a confirmed trend reversal.
A daily close above $3.336–$3.415 would clear the nearest resistance area and improve the prospects for a midpoint retest. Because the bands recalculate each session, $3.685 is a current reference, not a fixed future target.
Support is defined by the $2.918 and $2.997 lows of October 15 and 16. A close below $2.918 would invalidate the rebound and put the current lower band in focus.
The completed four-hour close of $3.218 showed early follow-through, but did not clear daily resistance.
Ripple CEO Brad Garlinghouse has explained why the company contributed a significant amount of XRP to Evernorth, the XRP treasury company that recently debuted on Nasdaq. Speaking at Nasdaq on the company’s listing day, he said the move fits Ripple’s long-standing approach of investing in its own ecosystem, and that his trust in Evernorth’s leadership sealed the decision.
Why Ripple backed Evernorth
Asked why Ripple put its tokens into Evernorth, Garlinghouse said supporting the community has been part of Ripple’s strategy “since really its inception.” That support has sometimes reached beyond XRP, he added, because Ripple believes in “a multi-chain world.”
The deciding factor was Evernorth CEO Asheesh Birla, who previously worked under Garlinghouse at Ripple and later sat on its board. “When Asheesh raised his hand and expressed interest, that to me cemented our interests,” Garlinghouse said.
He described Birla as “an extraordinary leader” who has shown “unique acumen around talent, around strategy,” both at Ripple and now at Evernorth.
How it helps XRP
Garlinghouse said Evernorth’s listing strengthens the XRP ecosystem in three ways:
Liquidity and trust: The listing “furthers liquidity” and “trust in the XRP ecosystem,” he said.New investors: A listed company opens XRP to people who cannot easily access crypto markets directly. “Just that is a major step,” he said.More than buy-and-hold: Evernorth plans to use on-chain and off-chain strategies to earn yield and build institutional products, which he said “positions XRP to perform really well.”He also explained how hard it has been to reach this point. “There were a couple hundred various DATs trying to get public,” he said, referring to digital asset treasury companies. “The fact that we are here today with XRP trading is a big deal.”
“Ripple was on to something”
Garlinghouse reflected on Ripple’s years as an outsider in crypto. Many early crypto users held a strongly anti-establishment view, and Ripple drew criticism for building for banks and traditional finance.
“For a bunch of years, Ripple was a controversial contrarian because we were leaning into TradFi as our core customer set,” he said. Now the market has come around, and “a lot of other players in the industry recognise that hey, maybe Ripple was on to something there.”
The hard years are not over
Garlinghouse stopped short of declaring victory. “I’m not ready to say the hard years are behind us,” he said.
Still, he believes markets are underestimating the shift in the US. The United States accounts for about 22% of global GDP and spent years “leaning out” on crypto, he said. Now its institutions are “leaning in like they never have before.”
Story Ends Here
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This article was automatically generated using Dow Jones technology. Most major cryptocurrencies were down at 4 p.m. Eastern time, with XRP seeing the biggest change, declining 3.0% to $1.30. Cardano declined 2.5% to 22 cents, and Solana declined 2.0% to $103.43. Ethereum fell 1.7% to $2,409.03, while Dogecoin fell 1.5 % to 8 cents.
Sui dropped 1.3% to $1.02. Bitcoin declined 0.7% to $81,467.90, and Avalanche increased 0.2% to $9.99. Tronix climbed 0.9% to 33 cents. Data source: Dow Jones Market Data, Kraken (END) Dow Jones Newswires 10-16-26 1600ET Copyright (c) 2026 Dow Jones & Company, Inc.
X Finance Bull, a cryptocurrency commentator, suggested that XRP could see increased demand as financial institutions intensify their use of tokenized assets and digital currencies to improve liquidity across markets. In a recent analysis, X Finance Bull connected the International Monetary Fund’s research on reserve management and tokenization with the unique asset-exchange capabilities of the XRP Ledger, proposing that XRP may become a key intermediary for liquidity as digital infrastructure evolves.
IMF research and institutional liquidityX Finance Bull examined a discussion from the International Monetary Fund that included Calixto José Ortega Sánchez, Venezuela’s Vice President for the Economy. Ortega Sánchez previously served as the president of Venezuela’s central bank, the Banco Central de Venezuela, and played a significant role in managing the country’s currency and reserves.
The discussion focused on critical topics such as the management of international reserves, the importance of foreign-currency access, gold holdings, and the structure of central bank swap arrangements. These subjects raised a key issue: how can financial institutions efficiently convert their asset holdings into usable liquidity when it is most needed?
X Finance Bull linked this issue to the IMF’s increased interest in tokenization, pointing to the growing use of programmable financial infrastructure among large players.
Mini dictionary: International Monetary Fund (IMF), a global financial institution that fosters monetary cooperation and financial stability among its member countries through economic analysis and development programs.
Tokenized gold and new collateral modelsVenezuela’s reported efforts to use gold held at the Bank of England as loan collateral provided X Finance Bull with a practical example. The use of tokenization, in his view, could simplify such arrangements by enabling assets like gold to become more easily managed and used in financial transactions without the requirement for outright sales.
He outlined a model where a regulated entity creates a digital representation of rights to gold securely held by an approved custodian. Financial institutions could then use these digital claims as collateral or in trading arrangements within digital markets.
As an example, X Finance Bull referred to Assetiko Commodities’ XAUa, a token on the XRP Ledger and Stellar that represents direct gold exposure, alongside similar initiatives such as Meld Gold’s digital metals.
According to the commentator, the tokenized gold market reached nearly $6 billion in February 2026. He argued that deeper integration of tokenized assets with lending, collateral, and trading could result in higher demand for technologies that connect tokenized assets to other instruments.
AssetNetworkMarket Size (Feb 2026)XAUaXRP Ledger, StellarNearly $6 billionMeld GoldVariousNot specifiedAuto-bridging and XRP’s role in liquidityThe analysis also emphasized the XRP Ledger’s decentralized exchange and auto-bridging functionality, which automatically routes transactions between different issued assets through XRP if that path offers superior market pricing. This function can make XRP a preferred intermediary in trades, particularly when exchanging assets like RLUSD for tokenized gold, if the route through XRP proves more efficient.
Such mechanisms may require liquidity providers to hold XRP across different trading pairs to enable smoother client transactions on the decentralized exchange.
Auto-bridging can connect diverse digital assets by automatically exchanging through XRP when conditions are favorable, potentially generating consistent demand for XRP as an intermediary asset without requiring gold or other digitized assets to directly back XRP itself.
Outlook on institutional adoption and XRP demandX Finance Bull linked his argument to broader developments in institutional custody, tokenization, and collateral management. He referenced partnerships like Ripple’s collaboration with major financial institutions and Standard Chartered’s custody services for RLUSD, a stablecoin issued on the XRP Ledger, as steps supporting increased digital-asset integration.
The commentator also cited the Bank for International Settlements’ Project Agorá, which studies the use of tokenized commercial-bank deposits and central-bank reserves to streamline cross-border payments, though Project Agorá does not directly confirm XRP usage.
Looking ahead to 2027–2030, X Finance Bull anticipates further integration of tokenized assets—gold, digital dollars, securities—with institutional finance. He expects that XRP could play a larger role if it becomes the preferred tool for market makers to bridge these growing markets.
Tokenizing $1 billion in gold will not necessarily lead to $1 billion in XRP purchases. The more relevant metric is the amount of XRP that market makers and liquidity providers maintain to support regular transaction flows between digital assets.
Ultimately, the analyst emphasized that proven and sustained institutional adoption, higher XRP inventories by professional trading firms, and increased liquidity for gold tokens and stablecoins would be the crucial indicators confirming XRP’s expanding function within the digital-asset ecosystem.
Bitwise's spot XRP ETF has reached $561M in assets under management, leading all issuers and holding over a third of total XRP ETF assets.
Bitwise now holds more than half a billion dollars in $XRP through its spot exchange-traded fund. The Bitwise XRP ETF has assets under management of $561 million, outpacing every other issuer by more than $150 million and accounting for more than one third of all XRP ETF holdings.
Spot @Ripple-linked ETFs have had a busy 2026, but @Bitwise's product sits at the top of the issuer rankings.
How the Bitwise XRP ETF comparesThe fund began trading on Nov. 19, 2025. TradingView fund data lists the product as passively managed and tracking the CME CF XRP-Dollar Reference Rate. Its filings state that the trust's sole asset is XRP and that shares are listed on NYSE Arca under the ticker XRP, according to the fund's Form 10-Q filed with the SEC.
Bitwise's lead is also visible in issuer breakdowns. One tracker lists the fund at $517.4 million, or 33.8% of the sector, ahead of Canary at $457.8 million and Franklin Templeton at $425.7 million, per CryptoETF.today. Exact AUM figures differ by data provider and date, as fund values move with the XRP price.
Flows remain concentrated in one issuerRecent flow data points the same way. Bitwise's fund took in $10.55 million of the $11.31 million that entered U.S. spot XRP ETFs in the week of Oct. 5 to 9, and it leads on lifetime net inflows with $688 million, according to Bitcoin.com News, citing SoSoValue data.
The wider picture is more mixed. XRP ETFs have recorded 13 straight weeks of net inflows, yet Altcoin Buzz reports that total net assets fell to $1.57 billion from $1.66 billion over the same week, as the XRP price weighed on the value of fund holdings. Because the issuer set is small, daily flows can swing sharply on the activity of a single fund.
For $XRP investors, the milestone shows where institutional demand for regulated exposure is concentrating. Whether Bitwise can hold its lead will depend on continued inflows and on the direction of the XRP price.
Sources:
Bitwise XRP ETF Form 10-Q (SEC)Bitcoin.com News: XRP ETF flowsCryptoETF.today: XRP ETF issuers by AUM
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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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.
The mass retail investor has temporarily cooled toward XRP, shifting into a deep wait-and-see mode. According to Google Trends, by mid-October 2026 global search interest in the coin had corrected by more than 90% on an annual scale compared with the historical peak of July 2025, when the price was storming the $3.65 mark.
The global popularity index for the query slid to 13 points out of 100, marking the sharpest shift in market sentiment.
Global search interest for XRP hits multi-year lows after a 90% decline from its 2025 peak, Source: Google TrendsThe published charts clearly illustrate this dynamic. If the historical curve is unrolled from 2012, the phenomenal surge of mid-2025 looks like an isolated peak, before and after which traffic literally sits at zero.
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The statistics for the past 12 months on an annual scale only confirm the trend: search query volume has fallen by exactly half, and the local spike in activity in August–September had faded completely by mid-October.
People are searching for the coin less, but they are not rushing to sellStill, for the crypto market this is classic off-season apathy: search activity for bitcoin is also at multi-year lows right now. In XRP's case, however, the lull in search engines has created a unique paradox: while small traders have stopped clicking links, the price chart stubbornly refuses to fall further.
The coin's price is squeezed into a narrow corridor of $1.30–$1.34, holding key support around $1.25.
Amid the collapse in Google queries, the derivatives market has fully cleared itself of excess leverage and unnecessary froth. The current silence in search engines scares speculators, but prediction platforms and algorithmic models agree that the psychological bottom of retail interest has been found.
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The most likely scenario until the end of October is consolidation in the $1.40–$1.50 corridor. It is premature to expect new records without the mass trader's return to Google, but it is precisely this calm on an annual scale that may become a solid base for the next long-term cycle.
Crypto analyst Ali Martinez has identified concurrent Tom DeMark (TD) Sequential buy signals for XRP, Solana, Dogecoin, and Hyperliquid following the latest market pullback, raising expectations about a possible shift in price momentum for these major altcoins.
Multiple altcoins trigger buy signalsMartinez, known for his technical analysis in the cryptocurrency space, observed that several top altcoins are presenting potential local bottoms on their charts. On October 15, 2026, new TD Sequential buy signals appeared for XRP, Solana (SOL), Dogecoin (DOGE), and Hyperliquid (HYPE)—all following notable declines in recent trading sessions.
For XRP, the price currently displays a confluence of buy setups, including a Sequential 13, a TD 9, and an Aggressive 13, according to the analyst’s review of the recent trading activity. This clustering may indicate that selling pressure is subsiding and a local bottom could be forming if buyers return to the market with strength.
XRP faces initial upside targets at $1.40, with additional resistance expected near $1.50 should buy-side interest increase at these levels.
Solana, Dogecoin, and Hyperliquid outlookSolana is currently challenging the $100 price zone after registering a fresh TD Sequential buy signal on its daily chart. Historically, a late September sell signal on SOL accurately forecasted a subsequent correction of approximately 14%. The newly emerged buy set-up may support a rebound toward $111, with further resistance anticipated around $120 if buying momentum strengthens.
Dogecoin has moved back to the critical $0.080 support, where its daily TD Sequential has flashed a buy signal as well. Maintaining this support is key; if achieved, DOGE could rise toward the $0.087 mark, followed by resistance near $0.094.
Hyperliquid, abbreviated as HYPE, trades close to $80 as it presents a new buy signal according to TD Sequential analysis. A similar setup triggered on October 1 led to a nearly 11% rally for HYPE. A comparable move could send the token to $86, with the next resistance area forming around $93.
Mini dictionary: Tom DeMark TD Sequential, a popular technical indicator that aims to identify trend exhaustion and potential reversal zones in asset prices using sequential price bar patterns.
Market reaction remains uncertainMartinez emphasized that while four large-cap altcoins have simultaneously flashed buy signals, positive market follow-through is necessary to confirm a sustainable rebound. The signals alone do not guarantee upward price action without sustained buying volume or stronger investor conviction benefiting the respective support levels.
Technical buy signals point toward a potential bottom, but only active demand and increased trading volumes can validate the reversal scenario.
The broader crypto market has experienced a tentative recovery following an inflation-driven downturn, putting these four digital assets under heightened scrutiny from traders and investors watching for confirmation of any price reversal. Whether these technical setups translate into extended rallies or face renewed selling remains an open question.
AltcoinSupportFirst TargetSecond ResistanceXRPCurrent zone$1.40$1.50Solana$100$111$120Dogecoin$0.080$0.087$0.094Hyperliquid (HYPE)$80$86$93Investors are closely following the technical signals and key price levels for signs of renewed strength or further losses in the wake of recent market volatility.
XRP Ledger developers implemented an emergency security fix after discovering a vulnerability that could have enabled attackers to generate spendable XRP beyond the predetermined supply limit. This decision bypassed the protocol’s standard two-week validator approval process, a move that has stirred debate within the XRP community about the balance between security and decentralization.
Security Patch Addresses 11-Year-Old VulnerabilityOn September 25, the development team released a critical update after identifying an integer overflow flaw in the XRPL payment engine. This vulnerability, which has existed since 2015, could have allowed specially crafted transactions to create surplus XRP tokens unrelated to the amount actually paid by a sender.
Investigators reported no evidence that the vulnerability had been exploited on the public network. However, developers emphasized that the potential risk to the XRP supply warranted immediate action.
Developers explained that the threat could not wait for the traditional validator voting period, noting that “publishing the patch and leaving the flaw exposed would have given attackers enough information to reproduce and exploit it.”
Instead of following the typical governance process, the fix was applied instantly on each server upon upgrading to xrpld 3.4.1. This approach differed from the usual amendment procedure, where at least 80% of trusted validators must support changes over two consecutive weeks.
Mini dictionary: Integer overflow, a software bug that occurs when a calculation produces a number larger than the maximum value a variable can store, causing unpredictable behavior or exploits in computer systems.
Deviation from Normal Governance Raises ConcernsUnder normal XRPL procedures, protocol changes affecting transaction processing go through extensive validator review to ensure the stability and consensus of the network. By skipping this step, the emergency patch introduced a brief period of uneven transaction validation between servers running different software versions.
During this interval, upgraded servers would have rejected malicious transactions, while any servers still running older software could have accepted them, potentially disrupting ledger validation. However, no incidents were detected during this window.
In contrast, a recent Batch security fix from the same development group adhered to the standard amendment process, activating on October 9 through a typical network-wide consensus.
Type of FixDeploymentActivation DateEmergency security patchInstant (server upgrade)September 25Batch fixValidator vote (amendment)October 9Debate Over Developer Authority and DecentralizationThe rapid deployment triggered discussion about the role of developers and validators in urgent network situations. Some have raised concerns about distributing patched software in advance of public disclosure, which could be perceived as granting developers excessive influence over the protocol.
Supporters argued that immediate coordination was necessary to prevent potential exploitation. The XRPL Foundation, a non-profit entity supporting network development and maintenance, rejected suggestions that validator operators were compelled to update, emphasizing the independence of each operator’s decision.
The XRPL Foundation asserted, “Validator operators were not forced to install the patch. Each made decisions independently, and no evidence emerged of forced compliance.”
Meanwhile, planned lending functionality updates for XRPL continue to follow the regular governance process, underscoring that routine improvements still depend on validator consensus.
Developers have insisted that bypassing the traditional amendment process should remain an exception, reserved only for severe security issues, and not evolve into standard practice for protocol changes.
The episode has reassured XRP holders that the immediate risk has been resolved, as the vulnerability was patched and no exploitation has been detected. However, it has also prompted a wider conversation about how the network can remain both secure and decentralized in the face of unforeseen threats.
XRP retail sentiment has turned extremely bullish on Binance, OKX, and Bybit, despite a macroeconomic-driven selloff that rattled the cryptocurrency market this week.
Data from Coinglass shows that retail traders across all three exchanges favor long positions over short positions, indicating that more individual traders expect XRP prices to rise than fall.
XRP Retail Sentiment Stays Extremely Bullish However, this bullish positioning comes as persistent inflation concerns continue to pressure the market.
The long/short ratios show the strength of this sentiment. Binance records a retail long/short ratio of 2.70, slightly below its previous reading.
OKX follows with a ratio of 3.26, which has also declined from a higher level. Bybit leads the three exchanges with a ratio of 3.92, although its reading has also edged lower.
XRP retail sentiment flips extremely bullish on major cryptocurrency exchanges Coinglass classifies all three readings as “extremely bullish,” and this shows that retail traders share a strong upward bias across the competing platforms despite the recent price decline.
US CPI Triggers a Multi-Day Decline The latest selloff followed hotter-than-expected US inflation data. On Oct. 14, the BLS reported that CPI increased by 0.6% month-over-month in September.
The annual inflation rate climbed to 3.7% from 3.4% in August, exceeding economists’ forecast of 3.6%. Core CPI, which excludes food and energy prices, also surpassed expectations, rising 0.3% month-over-month against a forecast of 0.2%.
The report triggered an immediate reaction across cryptocurrency markets. According to The Crypto Basic, XRP fell 1.63% in less than 15 minutes, dropping from $1.38 to an intraday low of $1.3574.
Meanwhile, the broader crypto market lost roughly $40 billion in market capitalization within 45 minutes. Selling pressure intensified on October 15 after Producer Price Index (PPI) data reinforced inflation concerns.
PPI increased 1.3% month-over-month and 6.3% year-over-year, significantly exceeding analyst forecasts and raising fears that the Federal Reserve might pursue additional rate hikes.
XRP subsequently declined toward $1.30, while total cryptocurrency liquidations reached $1.7 billion over the four-day period. By Oct. 16, buyers had defended the $1.32 support zone, helping XRP recover to approximately $1.34.
Overall Volume and Institutional Data Tell Competing Stories Meanwhile, Coinglass’s 24-hour taker buy/sell volume data shows a narrow advantage for buyers. Long volume reached $1.23 billion, accounting for 51.09% of total taker activity, while short volume totaled $1.18 billion, representing 48.91%.
Although the difference remains relatively small, buyers maintain the lead. This slight advantage aligns with the bullish retail positioning recorded on Binance, OKX, and Bybit, but it does not necessarily confirm that XRP has established a lasting recovery.
Data on whales and sophisticated traders presents an inconsistent trend. On Binance, whale accounts hold a long/short ratio of 3.30, which continues to rise and lands within Coinglass’s extremely bullish category.
Whale positions register a ratio of 1.99, also trending upward and classified as bullish. However, Binance’s smart money sentiment, which generally shows more sophisticated or institutional trading activity, remains extremely bearish.
OKX shows greater caution among large traders. Whale accounts record a ratio of 0.81, which is rising but remains bearish, while whale positions stand at 0.79, also in bearish territory. Smart money sentiment on the exchange is likewise bearish.
Bybit registers an extremely bullish ratio of 3.92 for whale accounts. However, whale positions stand at 0.97, indicating neutral sentiment, while its smart money indicator remains extremely bearish, matching Binance’s reading.
XRP Support Levels Analyst Ali Charts has identified $1.25 as XRP’s next critical support level if buyers fail to defend the current trading range. A break below this level could trigger another sharp decline.
The $1.25 threshold sits roughly 16% below XRP’s pre-shock price range, which makes it an important level to monitor as inflation concerns weigh on market sentiment.
Meanwhile, XRP-linked exchange-traded funds have attracted only $13 million in October inflows so far, representing a 79% decline in the monthly inflow pace compared with September. This slowdown could leave XRP with less institutional buying support if selling pressure returns.
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.
Upbit Korea, the largest crypto exchange in South Korea by trading volume and users, announced its latest delistings. The delistings will take place in November, allowing traders time to act accordingly before the deadline.
Upbit will suspend trading support for Zilliqa (ZIL), including ZIL/KRW and ZIL/BTC pairs. Trading support will be terminated on Monday, November 16, 2026, at 15:00 KST. This follows a recent security incident with the Zilliqa Ledger app in July of this year.
On July 22, 2026, Upbit added Zilliqa (ZIL) to the trading caution list. Afterward, Upbit conducted another detailed review of virtual assets and determined that the reasons for designating Zilliqa as a trading caution item have not been resolved. Upbit therefore decided to end trading support in accordance with its policy on the designation of virtual assets as caution items and the end of trading support.
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Sophon (SOPH) was also announced to be delisted, with trading support to be terminated on Monday, November 16, 2026, at 15:00 KST. The affected trading pairs are SOPH/KRW, SOPH/BTC, and SOPH/USDT.
In related news, Hive Dollar (HBD/BTC) and District0x (DNT/BTC) have been designated as trading caution items on Upbit, and accordingly, deposit services will be temporarily suspended. The tokens have been flagged with an investment warning, with deposit services temporarily halted and delisting possible pending further review.
The trading caution item designation period for MANTRA (MANTRA/KRW, MANTRA/BTC, MANTRA/USDT) has been extended until the second week of November 2026, from November 9 to November 13.
XRP/KRW is the most traded pair on UpbitMeanwhile, XRP continues to dominate trading volumes on Upbit, surpassing major cryptocurrencies Bitcoin and Ethereum.
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According to CoinMarketCap data, XRP's Korean won pair was the most traded market on Upbit over the past 24 hours, with about $87.12 million in volume, ahead of Bitcoin's $74.69 million and Ethereum's $56.33 million.
Korea has long been one of XRP's most active speculative markets, with the cryptocurrency's dominance in trading volumes coming as little of a surprise. However, XRP remains slightly muted, up just 2.76% in the last 24 hours to $1.33, following this week's choppy price action.
XRP is compressing between its 50-day and 200-day moving averages, with the market paying close attention, as is usually the case when it starts leading volume on Korean exchanges.
David Schwartz, one of the original architects of the XRP Ledger, says the network’s long-term health depends on bringing in more independent players, so that it does not end up serving Ripple alone.
Speaking in an interview marking Evernorth’s Nasdaq debut, Ripple’s CTO Emeritus said new participants such as the XRP treasury company help guard against a risk that even well-meaning builders face. Schwartz is a strategic adviser to Evernorth and sits on its board.
What to know:
Schwartz says more voices are needed in XRP Ledger governance so the network is not seen as “a tool to serve Ripple’s interests only.”He sees no significant technical gaps holding back banks or asset managers.The real obstacles are liquidity, on- and off-ramps, and connecting the ledger to existing financial systems.A governance warning from the ledger’s co-creator
Schwartz said most of the XRP Ledger’s technical problems are solved. The harder question now is whose needs the ledger should serve.
“You can build a blockchain that does one thing, or you can build a blockchain that does something else,” he said. Figuring out which problems to aim it at is the challenge.
That is where a single dominant player can go wrong. “Even if you have the best intent, it’s very easy to convince yourself that what’s good for you is what’s good for everyone,” he said.
Schwartz said Evernorth’s plan to run validators and take part in the ledger’s development adds needed diversity. That matters, he said, for people’s ability to adopt the XRP Ledger “and be confident that it’s not going to become a tool to serve, like, Ripple’s interests only.”
“Going to the moon is a solved problem”
Schwartz used a space analogy to describe where the XRP Ledger stands. Humans reached the moon more than 50 years ago, he noted, so the technology is proven. But actually going there today would still be hard.
“Being fantastic technically is not sufficient to be useful in the real world,” he said.
He pointed to liquidity provision and on- and off-ramps as the areas that will do the most for the ledger, and also the ones that carry the most risk. Regulation was once a major barrier, but he said those “headwinds have turned into tailwinds.”
Lending is live, but DeFi is not yet connected
Native lending is already live on the XRP Ledger, Schwartz said. What is missing is integration with the wider DeFi ecosystem.
Most activity today centres on tokenizing real-world assets, which he called “a necessary piece of plumbing.” The next step is letting people move money in and out of those assets, borrow and manage their holdings. “People need to be able to borrow money. They need to have sensible investments,” he said.
He added that holding XRP on a corporate balance sheet is “very challenging” without a listed vehicle like Evernorth.
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Japan's largest megabanks (MUFG, Mizuho, and SMBC), together with Mitsubishi UFJ Trust and TISI Inc., have officially reported the successful completion of the first joint trials of a yen stablecoin.
As part of a closed pilot project supervised by the state Financial Services Agency (FSA), the partners tested cross-border settlements for the trading giant Mitsubishi Corporation. The stablecoins, issued with the status of "trust beneficiary rights," went through the full cycle from issuance to final redemption into fiat without failures.
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The commercial launch of the system is planned before the end of the current fiscal year.
What does XRP have to do with it? (Actually, quite a lot)Officially, Ripple is not mentioned in the consortium's documents. However, in the context of the Japanese market, this test is inevitably viewed through the prism of the XRP Ledger (XRPL) ecosystem, since all of the "big three" megabanks have a deep history of integration with Ripple's technologies. Any banking blockchain initiatives in the country largely rely on the foundation laid by this network over many years.
Implementation architecture of Japan's multi-bank joint yen stablecoin pilot. Source: Mitsubishi UFJ Trust / PR TIMESBack in 2017, MUFG, Mizuho, and SMBC joined a large-scale banking consortium under the auspices of SBI Ripple Asia, created to implement RippleNet technologies for instant domestic and cross-border settlements. This institutional link continues at the present stage.
Not long ago, as part of Japan's financial infrastructure innovation program, Mizuho Bank and SMBC's investment arm concluded direct agreements with Ripple Labs to deploy real-world asset (RWA) tokenization infrastructure and institutional DeFi solutions specifically on the XRP Ledger.
The launch of their own digital yen on the Progmat platform (created by MUFG on the Avalanche blockchain) looks like an attempt by the megabanks to build an isolated alternative to external liquidity bridges such as XRP, in order to fully control compliance and fees within the traditional banking vertical.
The resulting configuration points to a possible division of the market in the future. On the one hand, the closed infrastructure of the megabanks and the Progmat platform will likely try to take over the conservative sector of intra-corporate B2B transfers.
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On the other hand, the parallel launch of Ripple's regulated dollar stablecoin RLUSD by SBI Holdings and the well-developed liquidity of XRP may preserve dominance in cross-border retail and open fintech services.
The mutual integration of banking platforms with the Web3 industry, including their participation in XRP Tokyo summits, does not rule out a scenario in which the commercial launch of the digital yen will not displace XRPL, but may instead lead to the formation of a segmented landscape where corporate fiat and open digital assets coexist at the level of liquidity gateways.
A 2013 promotional brochure from Ripple Labs likened XRP to gold, describing the digital asset as a “counterparty-free” vehicle for transferring value within the Ripple network. The historical document, recently shared by crypto researcher SMQKE, provides insight into how Ripple originally introduced XRP and its intended function during the early stages of the XRP Ledger’s development.
2013 Brochure: XRP as a Counterparty-Free AssetThe brochure, titled “XRP as a Vehicle Currency,” features language highlighting XRP as similar to “gold in your hand.” Ripple Labs—the technology company behind the XRP Ledger—specified that XRP operates without a counterparty, distinguishing it from traditional currencies that require an issuing entity or central authority.
Ripple positioned XRP as a bridge currency between payment gateways within its network. According to the excerpt, this role would allow XRP to connect different currency gateways, facilitating the movement of value between users transacting in various fiat currencies.
The brochure offers a comparison between XRP and the US dollar’s function as a global reserve currency in the foreign exchange market. It suggests that, like the US dollar, XRP could serve as a common medium to settle payments and provide liquidity between otherwise isolated currency systems.
XRP in Ripple is described as “like gold in your hand”—a counterparty-free asset that enables transfers between fiat gateways and supports liquidity across the network.
Visual aids included in the document show how XRP could facilitate transfers from a US dollar gateway to a euro gateway, bypassing the need for direct currency pair conversion.
Researcher SMQKE Weighs in on the Gold AnalogyResearcher SMQKE emphasized the significance of this gold comparison, arguing that its inclusion in an official Ripple publication underlines how the company viewed XRP’s unique qualities from the outset. The researcher highlighted that both gold and XRP share the attribute of being independent from counterparty risk.
While gold traditionally serves as a physical commodity and store of value, XRP plays a practical role in digital payments and liquidity provisioning on the XRP Ledger.
SMQKE also stated that Ripple appeared to stop using the gold analogy in its later materials, though it remains unclear whether similar language ever resurfaced in subsequent company documents.
Mini dictionary: Ripple Labs, founded in 2012, is a San Francisco-based tech company focused on creating financial solutions built around the XRP Ledger, an open-source blockchain that underpins the XRP digital asset.
Both gold and XRP do not represent another party’s debt. Instead, each is valued on its own terms—gold as a physical store of value and XRP as a digital asset supporting cross-currency transfers on a global ledger.
Speculation Over Valuation and Market PriceSMQKE contended that current pricing may not fully reflect XRP’s long-term potential, especially if use cases such as payments and cross-currency transfers continue to expand. The researcher pointed to the possibility that increased adoption could drive higher demand, eventually pushing the asset’s price upward.
However, the language in the 2013 brochure does not provide concrete proof regarding XRP’s potential valuation. Analysts have noted that the future trajectory of XRP will likely depend on broader adoption, regulatory clarity, competitive developments within the sector, and the utility of the XRP Ledger in real-world payment scenarios.
The world’s largest cryptocurrency exchange has identified a significant concentration of leveraged long positions on XRP derivatives markets, raising concerns among traders. Nearly 97% of all new long exposure in XRP recently formed around the $1.40 mark. After falling below this price, the majority of these multi-billion dollar positions are facing losses.
Heavy Long Positions Face Liquidation RiskTraders now face a key decision: whether to increase their margin to support existing positions or accept losses through stop-loss mechanisms. While the exact liquidation levels may differ by position, technical analysis points to an important support level at $1.29, should the token fail to hold $1.31.
Currently, XRP is trading above the $1.35 resistance level. Conditions in the derivatives markets have improved compared to the previous day, but significant liquidations have already occurred. Bulls have absorbed $11.88 million in losses from over-leveraged position liquidations. According to Coinglass data, total liquidations reached $3.33 million on Friday, bringing some traders closer to breaking even.
The open interest (OI) weighted funding rate has turned positive again, which means that traders with short positions are paying funding fees to long position holders.
Key Resistance and Support ZonesDespite the recent rebound, the overall trend remains under pressure. Market participants are closely watching two price levels that could prompt a break from this week’s downtrend. Technical tools, including the red-labeled Bollinger Band at $1.39, serve as the first major obstacle ahead of the next resistance at the $1.49 SuperTrend level, as seen in four-hour chart data from TradingView.
XRP has been consolidating support between $1.39 and $1.55, with the daily time frame showing higher lows since August. However, the current price remains four cents below the lower boundary of this range. The $1.49 level plays a crucial role for bullish traders, closely aligning with the SuperTrend indicator.
If momentum drives XRP back into this demand area, the next significant resistance stands at roughly $1.65 to $1.66. A successful move through this price band could open the path to a target near $2, especially if broader geopolitical factors get absorbed by the market.
Nearly 97% of recent new long XRP exposures are concentrated around $1.40, and after the price dipped below this level, these positions now face significant unrealized losses. Bulls absorbed $11.88 million in liquidations, with technical analysis suggesting traders should watch support at $1.29 if $1.31 fails to hold.
Changing Trading Tools for Volatile MarketsRapid price swings in assets like XRP have spotlighted the importance of real-time market information and streamlined analytics. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, switching between multiple platforms for charts, news, and portfolio management can put investors at a disadvantage. Many traders now turn to privacy-focused solutions such as CryptoAppsy, offering consolidated access to real-time charts, smart price alerts, coin-specific news, and essential macro data—all on one interface, without requiring account creation.
Crypto market analyst Ali Martinez has identified a potential short-term decline for XRP, signaling that the digital asset may dip before mounting a significant recovery. Martinez, known for his technical analyses and broad following on social media, highlighted a trading pattern visible on XRP’s 1-hour chart that could set the stage for a notable rebound.
Key technical level at $1.25Martinez pointed to $1.25 as a crucial support zone for XRP. Referring to the recent price action, he indicated that XRP is moving within a parallel channel and currently trades near $1.32. Martinez said that a further drop to $1.25 might occur before substantial buying pressure emerges.
On social media, the analyst described $1.25 as the most important level he is monitoring. He emphasized that the parallel channel’s lower boundary lines up with this support zone, making it a technically significant area for buyers considering entries.
XRP appears to be trading inside a parallel channel on the hourly chart. This structure suggests XRP could still drop toward the lower boundary around $1.25 before seeing a meaningful rebound. That’s the level I’m watching for a potential buying opportunity.
Martinez also clarified that he views the $1.25 level not as a negative development for XRP, but rather as a potential opportunity for traders seeking favorable entry points.
Upside targets: $1.42 and $1.60Should XRP establish support at $1.25 and bounce, Martinez has identified two main price targets for a recovery. The first target is the channel’s midline at $1.42, which has acted as both support and resistance in recent trading sessions. This level is considered a natural checkpoint for any bullish move.
A stronger rebound could lift XRP to $1.60, the upper boundary of the existing parallel channel. According to Martinez, price action near $1.60 has previously marked the upper limit for rallies, and multiple attempts to break above this level have resulted in pullbacks.
LevelTechnical RolePotential Move from $1.25$1.42Mid-channel (checkpoint/resistance)+14%$1.60Upper-channel (major resistance)+28%The risk-reward profile is defined by the difference between the $1.25 support and the $1.60 resistance level, offering a clear range for traders to monitor.
Short-term technical outlookMartinez’s analysis is based on XRP’s 1-hour price chart, which shows the token trading within a parallel channel after peaking near $1.65 in late September. XRP has retreated toward the lower boundary over recent sessions, reaching around $1.29 as buyers and sellers contest control at this level.
Support zones at $1.42 and $1.60 remain technically significant, matching the suggested targets for a potential rebound. This channel structure gives traders distinct entry and exit points, with the $1.25 level providing a base for the setup.
While Martinez has not specified an exact timeframe for the anticipated move, the use of a 1-hour chart points to a short- to medium-term scenario.
Mini dictionary: Parallel channel, a chart pattern in which an asset’s price moves between two parallel trendlines, showing a consistent trading range where fluctuations remain contained within support and resistance levels for a specified period.
Japan’s three leading megabanks—Mitsubishi UFJ Financial Group (MUFG), Mizuho Financial Group, and Sumitomo Mitsui Banking Corporation (SMBC)—along with Mitsubishi UFJ Trust and TISI Inc., have completed the first joint pilot of a yen stablecoin system.
Pilot project detailsThe closed pilot, conducted under the supervision of the Financial Services Agency (FSA), focused on cross-border settlement trials for Mitsubishi Corporation, a major Japanese trading conglomerate. Throughout the tests, the partners issued and redeemed yen-backed digital tokens recognized as “trust beneficiary rights”—a structure ensuring regulatory compliance and investor protection.
Project officials reported that the pilot covered the entire transaction cycle, from stablecoin issuance to redemption in fiat, without encountering any technical issues. The consortium announced plans to commercially launch the stablecoin system before the current fiscal year’s end.
Japan’s megabanks are recognized for their influence in domestic and international finance, collectively handling a significant portion of the country’s banking assets.
Mini dictionary: Trust beneficiary rights refer to claims or interests held in a trust that allow beneficiaries to receive the benefits generated by assets, such as those backing stablecoins, under Japanese law.
Ripple’s influence on Japanese bankingWhile Ripple is not formally referenced in the consortium’s pilot documents, industry observers note that the initiative draws on a long history of collaboration with Ripple technologies in Japan. MUFG, Mizuho, and SMBC previously participated in the SBI Ripple Asia consortium, which was established to accelerate the adoption of RippleNet for instant domestic and international transfers.
In recent years, Mizuho Bank and SMBC’s investment subsidiary have signed agreements with Ripple Labs aimed at deploying tokenization and decentralized finance (DeFi) infrastructure on the XRP Ledger. These partnerships underscore Japan’s ongoing integration of established blockchain protocols within the traditional banking sector.
The announcement that the new yen stablecoin will be launched on Progmat, a digital asset issuance platform developed by MUFG using the Avalanche blockchain, marks a strategic move by Japanese banks to retain control over compliance and transaction fees by reducing reliance on external liquidity networks like XRP.
Mini dictionary: Progmat is a Japanese platform launched by MUFG, enabling the tokenization and management of digital assets, including stablecoins, on blockchain networks such as Avalanche.
Stablecoin and XRP ecosystem: Divergence or coexistence?The consortium’s strategy could signal a future split in Japan’s financial landscape. Analysts suggest that the closed Progmat ecosystem, controlled by megabanks, will serve conservative business-to-business transfers among corporations seeking regulatory certainty and direct oversight.
By contrast, XRP and Ripple’s regulated dollar stablecoin RLUSD, launched by SBI Holdings, are positioned to maintain their role in cross-border retail transactions and fintech integration, leveraging the established liquidity and open architecture of the XRP Ledger.
Recent industry events, such as Japanese banking platforms’ presence at XRP Tokyo summits and other Web3 collaborations, highlight a trend toward mutual integration rather than direct competition. The commercial rollout of the yen stablecoin may reinforce a dual system in which both bank-controlled fiat tokens and open digital assets like XRP function as parallel gateways for liquidity and settlement.
Official consortium documents omit direct mention of Ripple, yet nearly all major banking blockchain projects in Japan rely on foundational ties built with Ripple’s network and technologies in previous years.
Financial analyst Levi has predicted that XRP could reach $10 or higher in a future bull market, citing Ripple’s recent expansion into traditional finance as a key factor supporting his forecast.
Ripple’s collaboration with DriveWealthLevi referenced Ripple’s partnership with DriveWealth, an international brokerage platform, as a prominent example of blockchain integration within established financial institutions. He emphasized that this collaboration is shaping initiatives such as RLUSD settlements on the XRP Ledger, cross-border transactions, and digital asset custody services.
As part of the partnership, Ripple and DriveWealth are also exploring potential integration with Ripple Prime, offering further connections between blockchain infrastructure and existing finance operations.
Levi considers these developments crucial for increasing the adoption of digital payments technology among traditional financial entities. He argued that engagement with established market leaders could strengthen the use of blockchain for mainstream payment and settlement processes.
Levi highlighted expanding Wall Street participation in blockchain-driven services as one of the core elements that could drive future increased demand for XRP, potentially moving the token closer to his target price.
Cross-border payments outside banking hoursAmong the technical benefits discussed, Levi pointed out the ability to process international payments outside standard banking hours. Plans are underway to initiate these services in Europe, with United States expansion under consideration for the near future.
This model could enable transferring funds between countries during weekends and bank holidays, providing financial institutions with greater flexibility and speed for global transaction processing.
Levi described the partnership’s scale as having the potential to grow into transactions totalling billions of dollars. Yet, he cautioned that rising payment volumes alone may not directly boost demand for XRP, as the extent of token utilization depends on specific settlement mechanisms utilized by these services.
With the unpredictability of digital asset markets, real-time information and immediate access to analysis play a significant role. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Price prediction and institutional adoptionDrawing a direct line from these industry partnerships to XRP’s market potential, Levi reiterated his view that the token could reach $10 or beyond during an upcoming bull cycle. He cited growing institutional adoption and ongoing exploration of blockchain systems by financial companies as primary drivers for his price outlook.
The analyst remains confident in XRP’s future trajectory, relating his expectations to expanding corporate and institutional involvement but recognizes that actual price performance will ultimately depend on broader market dynamics and real-world token usage.
Levi’s forecast reflects optimism about the sustained integration of digital assets into the global financial landscape. However, he emphasized that such projections remain speculative and depend on both adoption momentum and the outcome of evolving partnerships.
Market observers and participants continue to monitor whether these alliances yield measurable advances in XRP adoption and if significant capital flows materialize as predicted.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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XRP price traded near $1.34 on October 16, about 4% below the 200-day simple moving average (SMA) at $1.36. The immediate test is whether buyers can reclaim and hold the average; until they do, the historical $3.20 comparison remains a scenario.
The comparison rests on XRP’s 2023 interaction with its long-term trend measure. In March that year, the token moved above a 200-day SMA near $0.40, then returned toward the broader moving-average zone in May, briefly slipped below it, and recovered.
Historical data places the May low near $0.42, while contemporaneous analysis treated $0.40 as the main support area. XRP subsequently reached $0.93 on July 13, a rise of about 134.5% from $0.40.
XRP USD, TradingViewThat sequence is useful as a technical precedent. The strongest leg of the 2023 rally followed the court ruling in the SEC’s case against Ripple, a separate catalyst that helped accelerate price beyond what the moving-average defense alone could explain.
Applying the same 134.5% gain to today’s cited SMA of $1.36 produces $3.20. From $1.31, that would require an advance of roughly 145%; it is a historical-repeat calculation.
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Can XRP Price Reclaim $1.37 First?The distinction between a test and a reclaim matters. At roughly $1.33, XRP is below the 200-day SMA, so buyers would first need to push price above $1.37 and then defend that level on a pullback. A successful retest would offer evidence that the average has shifted from resistance to support.
If price cannot recover the average, the 2023 analogy loses force: a moving average acting as overhead resistance is not the same setup as one that buyers have reclaimed and defended. That leaves the immediate risk skewed toward further weakness before any larger recovery scenario becomes relevant.
Level or scenarioSignificance$1.31Approximate XRP price in the selected analysis$1.3665–$1.37Cited 200-day SMA and immediate reclaim testAbout $3.20Conditional 2023-style proportional calculationTrade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
$1.45 Target Is More RealisticThe required XRP price analysis therefore starts with the moving average, not an assumption of a rapid run to higher resistance. Separately, we have discussed $1.45 as a near-term resistance or confirmation level in another XRP outlook.
The two levels describe different steps in a possible recovery: first, XRP would need to reclaim and hold the cited $1.37 SMA; only then would higher resistance zones become relevant. A rejection below the average would keep the downside condition in place, while a defended retest would make the historical comparison more technically applicable.
For now, the near-term signal is the behavior around $1.37. The proportional $3.20 scenario remains conditional on that reclaim and support retest, while the 2025 peak near $3.66 provides a higher historical reference.
XRP analyst Carolina (@Carolinatcwnl), known for her detailed market observations, has identified a repeating chart structure that she believes could drive XRP’s price to new highs in this market cycle.
The AMD pattern and XRP’s recent performanceCarolina focuses on a daily chart pattern she describes as Accumulation, Manipulation, Distribution (AMD). In her analysis, this sequence previously guided XRP’s movement between $1 and $1.68. She sees the same setup taking shape now, suggesting another significant price move could be on the horizon.
Earlier this year, XRP traded in an accumulation zone between $1 and $1.30, showing a period of sideways action with few sharp swings. This was followed by a manipulation phase that temporarily pushed the token below $1. Ultimately, the distribution phase arrived, fueling a rapid surge to $1.68 in August.
Carolina explained her perspective to market watchers, emphasizing the cyclical nature of these price moves:
XRP’s recent surge followed a clear Accumulation, Manipulation, Distribution pattern. That same structure is emerging again after the latest period of expansion, and the current phase is manipulation—meaning distribution may soon follow.
According to her thesis, the repetition of the AMD cycle is key. The consistent pattern gives her confidence that a similar outcome is possible this time around.
Mini dictionary: AMD pattern (Accumulation, Manipulation, Distribution): A sequence many chart analysts use to describe the typical flow of asset prices, where accumulation refers to a prolonged period of slow buying, manipulation indicates sharp and sometimes deceptive market moves, and distribution marks rapid price rises followed by increased selling.
Current chart status and projected targetsFollowing the surge in August, XRP established a new accumulation zone, wobbling between $1.30 and $1.55 before entering a manipulation phase that pulled its price closer to $1.20. Currently, XRP trades at $1.3049, which Carolina suggests marks the late stage of manipulation ahead of the anticipated distribution phase.
In market structure models like AMD, the manipulation phase is viewed as a period when the price moves against broader market expectations, often to trigger stop losses and pressure weak hands. The following distribution phase typically results in a decisive upward move.
AMD Cycle PhaseFirst Cycle (Earlier This Year)Second Cycle (Current)Accumulation$1.00 – $1.30$1.30 – $1.55ManipulationBelow $1.00$1.20 areaDistribution Peak$1.68 (August)Projected above $2.00 (Target: $2.30)Carolina bases her outlook on historical similarities, suggesting that if the second AMD cycle mirrors the first, a move above $2.30 could soon emerge as the next target.
Outlook for XRP in the coming monthsShould the distribution phase unfold as anticipated, XRP is poised for another sharp rally. Carolina’s technical chart suggests a climb beyond the August high, noting that a new expansion phase could take the price past $2 and potentially toward $2.30.
She summarizes her forecast with optimism: “XRP will soar to great heights this cycle.” While this projection is founded on technical analysis, she maintains that the AMD structure’s history lends weight to her prediction.
Carolina is a cryptocurrency analyst and market enthusiast specializing in XRP and digital asset price patterns. She has built a reputation on social media for sharing detailed technical insights on market cycles.
Her XRP outlook is based on the consistent repetition of the Accumulation, Manipulation, Distribution cycle this year, with the current setup suggesting a surge well above $2 if the pattern holds.
XRP’s supply reduction mechanism has attracted renewed attention amid a surge in decentralized finance expansion and increased transactional activity on its blockchain. The network’s move to support more DeFi services, including lending, multi-currency liquidity solutions, and direct cross-border settlements through banking partnerships, could significantly expand XRP’s market presence.
Supply reduction draws analyst focusSome analysts have highlighted the XRP burning mechanism as an underappreciated element in the asset’s long-term outlook. With transaction volumes on the XRP Ledger reaching record levels, more tokens are being permanently removed from the circulating supply every day. Dr. Kamilah Stevenson, an industry researcher, noted that as supply diminishes daily, the network experiences what she described as a “dual force” driving potential price appreciation for XRP.
Technical analysts such as ChartNerd and Egrag Crypto have projected ambitious scenarios in which XRP could reach $10, referencing historical price patterns and trading indicators. Although Dr. Stevenson did not specify price targets, she indicated that the implications of the burn mechanism are significant for anyone tracking the altcoin’s development.
“Here’s what most people miss: every single transaction on the XRP ledger burns XRP. Not sent somewhere. Not stored. Gone. Permanently.”
Dr. Stevenson argued that increasing institutional adoption combined with the supply burn creates what she described as an ideal setting for long-term bullish momentum on XRP, contingent on strong user engagement across the network.
Burn statistics and network metricsAccording to recent data compiled by CryptoTuts, the aggregate amount of XRP burned rose from 14.38 million on September 15 to 14.41 million by October 15, translating to 24,745 XRP eliminated within a 30-day span. On average, this equates to about 825 XRP destroyed daily. Over a seven-day period, the burn tally reached 2,696 XRP.
DateTotal XRP Burned (Millions)Summary (XRP Burned)Sept. 1514.38–Oct. 1514.41+24,745While the daily figures represent a small portion of the nearly 100 billion XRP total supply, proponents claim that sustained high network use could eventually accelerate supply contraction.
If the current pace were to be maintained for an entire year, approximately 301,000 XRP would be removed from circulation—amounting to just 0.0003% of the total supply. Documentation for the XRP Ledger explains that burning happens through transaction fees designed to prevent spam and defend against denial-of-service attacks.
The minimum transaction fee, referred to as “drops,” equals 0.00001 XRP per transaction. With 100,000 transactions at this minimum, one XRP is destroyed. A billion minimum-fee transactions would burn 10,000 XRP. This drop-based fee system may pressure prices higher during periods of elevated network activity.
Ripple, the fintech company behind the XRP Ledger, releases a substantial volume of XRP tokens from escrow into circulation every month as part of its operating protocol. A regular monthly release of 1 billion tokens has the potential to add significant market supply if not matched by increased demand.
In theory, deflationary token models—when balanced by healthy demand—have the potential to raise the asset’s price. The scale of this effect depends on network utility, transaction levels, and broader market sentiment.
Mini dictionary: XRP burning mechanism: On the XRP Ledger, every transaction requires a small fee paid in XRP, known as a “drop.” This fee is not paid to any entity but is permanently destroyed, meaning the total supply of XRP decreases by the amount of transaction fees consumed, providing a deflationary pressure on supply.
Ripple’s monthly escrow releases and ongoing burn rates remain key variables as institutional interest and DeFi activity continue to shape the outlook for the cryptocurrency.
XRP’s maximum supply is set at 100 billion tokens, making it one of the most abundantly minted major cryptocurrencies. However, a recent claim from game designer and crypto commentator Chad Steingraber suggesting almost all XRP could disappear from public markets has reignited debate within its community.
Steingraber’s Scarcity ArgumentSteingraber argued that XRP could experience a dramatic price surge if the available tradable supply shrinks to only 21 million tokens. He believes this reduction would result from XRP being pulled out of public markets, leaving a fraction available for trading and causing upward price pressure.
The reason XRP will be a high price is for one simple reason: it will be removed from public access, with only a small amount tradable, like 21 million XRP available.
This viewpoint quickly captured attention among XRP supporters, as it implies an extreme level of scarcity reminiscent of Bitcoin, which also has a 21 million maximum supply.
Exchange Supply Continues to DiminishPrevious data shared by Steingraber indicated that there were 15.7 billion XRP left across 41 exchanges. This number reportedly declined by 3.4 billion XRP, or about 17.77%, since February 2025. The shrinking availability supported his argument that a supply crunch might be emerging. However, community members noted a key distinction: reported exchange balances comprise both user holdings and assets controlled by the exchanges themselves. As a result, the actual liquid trading supply could be significantly smaller than the exchange total figures suggest.
MetricAmount (Feb 2025)Amount (Now)% ChangeXRP on exchanges19.1 billion15.7 billion-17.77%This ambiguity leaves doubts regarding the true scope of available XRP for active trading, with some believing the liquid float may be even lower than the numbers suggest.
Institutional Accumulation and ETF DemandGrowing institutional interest in XRP is also limiting available supply. Spot XRP exchange-traded funds (ETFs) have locked up billions of tokens in ETF custody, preventing those assets from participating in routine trading. The role of ETFs as long-term holdings means this supply is unlikely to return to active circulation soon.
Evernorth, a dedicated investment vehicle established for institutional XRP exposure, recently raised over $1 billion to acquire XRP through public equity channels. The company confirmed holding 473 million XRP—valued at nearly $672 million—alongside $300 million in cash. This kind of accumulation signals a move toward long-term storage of significant XRP amounts by corporate entities and funds.
Mini dictionary: Evernorth is a financial company that specializes in structured products allowing institutions to gain exposure to XRP through regulated public market channels, encouraging greater mainstream adoption of the asset.
Steingraber’s claim that only 21 million XRP will eventually remain tradable met with strong criticism. One respondent emphasized that the XRP Ledger (XRPL) is a permissionless blockchain with a 100 billion token maximum supply, meaning the asset cannot simply be removed from public reach. The commenter acknowledged that while institutional accumulation can restrict liquidity, total XRP supply remains unchanged.
Another community member suggested that major macroeconomic events, such as a potential cyberattack, could influence XRP’s price before any supply-related change. A separate commenter referenced existing institutional contracts, noting that large-scale accumulation has quietly progressed for some time. Others voiced the opinion that experienced XRP investors already anticipate such supply trends.
Institutional accumulation can lower available liquidity, but it doesn’t eliminate public access to XRP. The XRPL remains an open and permissionless platform with a total cap of 100 billion tokens.
Stripe’s expanding role in both cryptocurrency infrastructure and artificial intelligence-driven shopping is drawing new connections between payments, digital assets, and automated agents.
Recent developments include a partnership involving Stripe-owned Privy and Ripple to support embedded wallets on the XRP Ledger, continued efforts to link AI shopping interfaces more tightly with payment flows, and comments from a senior Stripe executive on the potential disappearance of traditional checkout pages.
Ripple and Privy announced a collaboration to bring Privy’s wallet infrastructure to the XRP Ledger.
The integration allows developers to create and manage wallets on the network programmatically, sign transactions, and handle assets such as XRP and Ripple’s RLUSD stablecoin without building the underlying wallet systems themselves.
Embedded wallets operate inside applications, so users can hold and transfer funds without installing a separate crypto wallet or managing seed phrases during everyday use.
Users retain the option to export private keys and recovery phrases for portability.
Server-side wallets are also supported, enabling AI agents to hold funds and complete payments, including through the x402 protocol designed for software-to-software transactions.
Privy, which Stripe acquired and continues to operate as a separate product, described the move as facilitating stablecoin payments, fintech applications, and agentic commerce on the ledger.
Ripple executives noted the network’s existing scale—more than 8 million funded accounts and substantial cumulative value transferred—as a foundation for these use cases.
The companies indicated further enhancements, such as policy controls and gas sponsorship, are planned.
Separately, Stripe has been extending the links between AI-powered product discovery and payment completion.
One recent example is Constructor’s launch of Agentic Checkout, which embeds Stripe payments—including its Link digital wallet—directly into onsite AI shopping agents.
Shoppers or agents can ask questions, receive recommendations, refine selections, and complete purchases within the same conversational interface on a retailer’s site or app, without a separate checkout handoff.
Stripe has also expanded Link support for personal AI agents from partners such as Meta (via its Muse assistant), allowing agents to initiate purchases using stored credentials or single-use instruments while keeping user details protected and requiring approvals.
Broader infrastructure efforts include the Agentic Commerce Protocol (developed with OpenAI) and the Agentic Commerce Suite, which help merchants expose product catalogs and accept agent-initiated payments across AI platforms.
These steps aim to reduce friction between finding a product and paying for it as agents take on more of the shopping journey.
In an appearance on the A16z Show, Stripe president of technology and business Will Gaybrick suggested that conventional checkout pages may eventually vanish as AI commerce grows.
He argued that even a relatively modest version of agentic commerce could eliminate the need for users to navigate a dedicated checkout screen, potentially allowing purchases directly from a product display.
Gaybrick noted open questions about the precise form agent-to-merchant or machine-to-machine transactions will take, while pointing to existing quick-pay tools such as Stripe Link and Shopify’s Shop Pay as early steps that already streamline the process.
He described an internal shift at Stripe toward viewing the company as a multi-product platform rather than primarily a payments provider with added features.
Stripe leadership has separately expressed optimism that a growing share of online commerce will involve agents acting on behalf of users or other systems.
The announcements illustrate Stripe’s dual focus on crypto-enabled payments infrastructure through Privy and on reducing steps between AI-assisted discovery and settlement. How quickly agentic flows become mainstream will depend on user trust, merchant adoption, and the maturation of supporting protocols and wallets.
XRP, one of the most established altcoins in the market, is lagging behind Bitcoin and Ethereum in price performance for several reasons, according to recent analyses.
According to market analyst Omkar Godbole, XRP has lagged behind major digital assets like Bitcoin and Ethereum due to its increasing circulating supply and relatively weak investment demand.
The analyst notes that XRP is currently trading at $1.33, approximately 62.5% below its January 2018 peak of $3.55, and that its circulating supply has increased by 63%.
According to the analyst, XRP is trading approximately 62.5% below its peak of $3.55 recorded in January 2018, while Bitcoin has risen by 314%, ETH by 66%, and BNB, which has a similar market capitalization to XRP, has increased by approximately 2800% during the same period.
Circulating Supply Increased by 63%!
One of the main reasons cited for XRP’s weak price performance is the increase in its circulating supply.
Speaking to Coindesk, Nicolai Sondergaard, senior research analyst at analytics firm Nansen, noted that XRP’s circulating supply increased from 38.7 billion in 2017 to 63.1 billion. According to the analyst, despite this approximately 63% increase, XRP’s total market capitalization only decreased by about 3%, which is a key factor explaining the pressure on the price per token.
Tesseract Group Marketing Director Oliver Carding pointed out that growth in circulating supply can reduce the value a token represents, even if the total market capitalization remains similar. He added that the situation with XRP is similar.
ETF Inflows Lag Behind Bitcoin and Ethereum!
According to analysts, XRP continues to face challenges on the demand side as well. Paul Howard, senior director at market maker Wincent, stated that interest in XRP mutual funds remains limited compared to BTC and ETH funds.
According to SoSoValue data, XRP funds received approximately $1.8 billion in inflows, remaining far below the levels seen in Bitcoin and Ethereum ETFs during the same period.
Paul Howard, a senior director at Wincent, also noted that Ripple’s business strategy is putting pressure on XRP. According to the analyst, Ripple is focusing on cross-border money transfers and payment infrastructure rather than areas that attract more investor interest, such as DeFi and artificial intelligence. This is cited as one of the factors limiting XRP’s investor narrative.
Nansen analyst also noted that XRP spot trading volume decreased by 53.5%, perpetual futures volume by 44%, and the number of active addresses by 10.7%.
*This is not investment advice.
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XRP is gaining the spotlight in South Korea as the leading altcoin continues to see increased participation among traders within the country against other major crypto assets.
Amid the heightening interest in XRP, recent onchain data shows that XRP has outperformed Bitcoin and Ethereum in spot trading volume on South Korea's largest cryptocurrency exchange.
XRP sees strong trading activity in South KoreaThe data shows that XRP's spot trading volume against the South Korean won (KRW) reached over $145.6 million on October 15, despite the broad market slowdown seen on that day.
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As such, XRP outperformed both Bitcoin and Ethereum as they recorded $126.5 million and $92.1 million respectively in spot trading volume on the same day.
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This shows that XRP attracted more spot trading activity than the two largest cryptocurrencies by market capitalization on the exchange, signaling strong demand for XRP among Korean traders.
Further data showed that the trend continued until October 16, as even though trading volumes across all three cryptocurrencies had cooled, XRP still maintained its lead.
Will South Korea drive recovery for XRP?While XRP was able to extend its dominance for a second consecutive day, it appears that interest in the Ripple-associated altcoin remains strong in the South Korean crypto market.
Market analysts believe that the strong demand for XRP on Korea's largest crypto exchange could impact its broader market value and drive a further rally in XRP's price, as Upbit's trading data have proved to be a useful indicator of local investor activity.
Today, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
The crypto market correction continued this week and Ethereum broke below the support at $2,400 for a brief period before buyers returned to push it back up. This has allowed the price to close at a similar level to last week.
This ongoing correction has completely stopped the bullish momentum, which now appears to be transitioning into a bearish trend. The only barrier to that is the support at $2,400, which is still holding at the time of this post.
Looking ahead, Ethereum has a decisive week ahead as sellers will try their luck again. If buyers show weakness, then a deeper correction awaits that could see this cryptocurrency revisit $2,000.
Source: TradingView
Ripple (XRP)
XRP closed 3% lower this week and is quickly approaching the support at $1.3. In the past, this level was defended well, but repeated tests can be interpreted as bearish, and it seems the bullish momentum is slowly vanishing from the order books.
In the case bears manage to break below $1.3 in the coming days and turn that into a key resistance, then buyers will most likely retreat to the key psychological level at $1. This is a likely possibility considering the previous rally never re-tested $1 as support.
Looking ahead, watch the price reaction at $ 1.3 closely since that will determine where XPR is going next for the remainder of the month. The current sentiment leans bearish, but until $1.3 breaks, it can still go either way.
Source: TradingView
Cardano (ADA)
ADA also closed 3% lower this week after the price failed to make higher highs and is currently struggling to hold above the $0.23 support. Considering that the bearish momentum is intensifying, there is a good chance this support will break.
If bears take over, then the next key level they will eye is found at $0.20. Buyers could be scouting an entry there, but sellers may get greedy and attempt to hit even a lower price before they become exhausted.
Looking ahead, wait for this ongoing correction to complete. As it stands today, it’s likely that this bearish price action is only starting and will take a few weeks to reach its high point. If so, best to wait for a price around $0.20 before taking a position.
Source: TradingView
Binance Coin (BNB)
Binance Coin was flat this week despite the volatility and appears on a collision course with the support at $690. If nothing changes, expect a test of this key level in the coming days. That would turn the chart bearish, especially if buyers can’t stop sellers.
While a pullback was expected, the question is how deep and long it will last before buyers become interested again. On most charts we covered today, the key support levels appear weak, and this is no different for BNB.
Looking ahead, expect this cryptocurrency to test the $690 support in the coming week. If the main market leaders like BTC and ETH remain bearish, then BNB could also fall lower towards $600.
Source: TradingView
Hype (HYPE)
Hyperliquid continues to disappoint with a 5% loss this week, making it the worst performer on our list. That’s because sellers have been dominating the chart since the price hit the resistance at $97.
At the time of this post, HYPE is close to the support at $76. If that level breaks, then this cryptocurrency will enter a deep correction and it will be hard to imagine it can make new all-time highs before the end of the year.
Looking ahead, Hyperliquid is about to face a critical moment. If it loses support at $76, bears will dominate. However, if buyers return, then HYPE has a good shot at retesting the resistance at $97.
Source: TradingView
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US-listed cryptocurrency exchange-traded funds (ETFs) posted divergent results on October 15, with Bitcoin funds recording modest inflows while products tracking Ethereum, XRP, and Solana faced net withdrawals.
Bitcoin regains ground after sharp outflowsBitcoin ETF products collectively brought in $5.1 million on October 15, offsetting some losses from the prior session. On October 14, Bitcoin funds saw $261.4 million in outflows, led by major withdrawals from Fidelity’s FBTC and BlackRock’s IBIT.
By contrast, BlackRock’s iShares Bitcoin Trust (IBIT) registered inflows of $16.8 million, partially balancing $7.6 million in redemptions from Grayscale’s Bitcoin Mini Trust and $4.1 million from Invesco Galaxy’s BTCO.
Despite the daily rebound, data from Farside Investors indicated Bitcoin ETFs had a net loss of $146 million between October 12 and 15, reflecting persistent selling pressures during the week.
On a single trading day, Bitcoin-linked investment products drew more demand than major altcoin ETFs, though net inflows remained modest in the context of broader weekly outflows.
Altcoin ETFs report notable redemptionsEthereum, XRP, and Solana ETFs all posted net outflows during the session, with Ethereum experiencing the largest withdrawals among the four major crypto assets.
According to Farside Investors, US spot Ethereum ETFs shed $60.3 million on October 15, following a $129.5 million outflow the previous day. BlackRock’s iShares Ethereum Trust (ETHA) led the redemptions with $44.4 million, while Grayscale’s ETHE lost $18.3 million. Inflows of $2.4 million into Fidelity’s FETH provided limited offset.
Over two trading days, net outflows from Ethereum ETFs reached approximately $189.8 million. Despite the recent withdrawals, cumulative US Ethereum ETF net inflows remain positive at about $13 billion since launch.
Mini dictionary: Farside Investors, a financial research and data analysis firm, provides daily flows and statistics for US-listed spot and futures-based cryptocurrency ETFs, widely used by analysts in tracking institutional crypto fund activity.
XRP investment products also faced withdrawals. Data from CryptoETF Today showed XRP funds recorded around $1 million in net outflows on October 15. Bitwise’s XRP ETF accounted for $3.7 million in redemptions, partly balanced by $2.7 million in inflows into Franklin Templeton’s XRPZ fund. Estimates of XRP outflows varied between trackers, reflecting differences in how daily flows and fund coverage are calculated.
Despite the short-term weakness, the five XRP funds monitored by CryptoETF Today have seen total net inflows of roughly $1.81 billion since their respective launches.
Mini dictionary: CryptoETF Today is a market data provider that tracks flows and asset movements for US-listed crypto ETFs, focusing on leading digital asset investment products for both institutional and retail investors.
Solana ETFs, meanwhile, experienced $9.8 million in withdrawals. Grayscale’s GSOL saw $6 million in redemptions, while Bitwise’s BSOL lost $3.8 million. The pullback followed last week’s $24.8 million in outflows, which marked the end of a 14-week inflow streak into Solana funds.
AssetOutflow (Oct 15)Key Fund(s)2-Day Cumulative OutflowEthereum$60.3 millionETHA, ETHE, FETH$189.8 millionXRP$1 millionBitwise XRP, Franklin XRPZn/aSolana$9.8 millionGSOL, BSOL$34.6 million*Bitcoin+$5.1 millionIBIT, Mini Trust, BTCO$146 million (Oct 12-15)*Includes $24.8 million outflow during previous week.
Wider context: Institutional demand and adoptionRecent ETF outflows have reflected the broader volatility and risk-off sentiment seen across crypto markets in mid-October. While Bitcoin ETFs recovered briefly, many institutional investors continued to withdraw holdings from major altcoin products.
Analysts have cautioned that the latest short-term outflows are not necessarily indicative of a shift away from digital asset adoption. Cumulative net inflows into both Ethereum and XRP ETFs remain significantly positive since their US market introductions.
Some industry observers noted there is no direct evidence to suggest funds withdrawn from leading altcoin ETFs have been immediately reallocated into Bitcoin products. Daily fund flows can be influenced by a range of factors including portfolio rebalancing, market sentiment shifts, or institutional capital movements.
XRP is testing its 200-day SMA zone as its 2023 rebound offers a historical comparison that would map a recovery toward roughly $3.20.
XRP has returned to the same long-term moving-average area that helped establish a recovery base in 2023.
With XRP now trading near $1.31 and its 200-day simple moving average around $1.37, the immediate test is whether buyers can reclaim the trend line and repeat part of the earlier rebound.
XRP 200 Day SMA Rebound Scenario
XRP is currently about 4% below the 200-day SMA. That makes the present setup slightly weaker than a clean support test from above: price first needs to recover the average before it can attempt to turn it back into support.
XRP Defended the $0.40 Area in 2023
In March 2023, XRP pushed above its 200-day SMA, which stood near $0.40 at the time. Price later returned toward the same broader moving-average area in May, briefly slipping below it before recovering.
Historical data places XRP’s May low near $0.4217, while contemporary analysis highlighted $0.40 as the main support zone.
That defense eventually preceded a much larger move. XRP reached approximately $0.938 on July 13, representing an increase of roughly 134.5% from $0.40.
The strongest leg of that rally followed the court ruling in the SEC’s case against Ripple, so the 200-day average was not the only driver. It acted as a technical foundation before a separate catalyst accelerated the move.
What a Similar XRP Bounce Would Mean in 2026
The current 200-day SMA is near $1.3665. Applying the same 134.5% increase recorded from the 2023 support area would produce an XRP price of approximately $3.20.
That is a historical-repeat calculation rather than a fixed forecast.
From the current price near $1.31, reaching $3.20 would require an advance of about 145%.
The resulting level would still sit below XRP’s 2025 peak near $3.66, meaning the scenario would represent a substantial recovery without necessarily producing a new record.
XRP Must First Reclaim the 200-Day SMA
The 2023 comparison only becomes useful if XRP recovers above the 200-day SMA and holds it.
A move back above roughly $1.37, followed by a successful retest, would show that buyers are again defending the longer-term trend measure. That would give XRP a base from which to attempt a broader recovery.
Continued trading below the average would weaken the comparison. Instead of acting as support, the 200-day SMA would become overhead resistance, leaving XRP vulnerable to further downside before any larger bounce develops.
The current setup is therefore not yet at the projected stage. XRP first needs to reclaim its 200-day SMA. If it then reproduced the scale of its 2023 recovery from that moving-average zone, the proportional target would sit near $3.20.
Ripple CEO Brad Garlinghouse pointed to new options as XRP treasury company Evernoth Holdings Inc. (Nasdaq: XRPN) made its public market debut on October 14. He mentioned that the crypto token could be utilized more by implementing yield-generating strategies or introducing institutional investment products. His statement occurred as the company aims to provide investors with exposure to XRP via an active digital asset treasury.
Ripple CEO Brad Garlinghouse Sees New XRP Yield Opportunities Garlinghouse stated that Evernorth might eventually become a more than traditional investment strategy for cryptocurrencies through creating products that leverage blockchain features. It’s possible that these kinds of offerings will give investors other ways to invest in than just holding XRP for its price appreciation.
“The ability to leverage even some of the on-chain capabilities to leverage yield” could help build institutional products, he said. He also pointed to opportunities that can be both on-chain and off-chain.
Garlinghouse attributed the success of Ripple-backed Evernorth to its team of people placed together by its CEO, Asheesh Birla. He added that Birla’s leadership has the potential to provide differentiated investment strategies on XRP.
“You’re going to see some interesting leverage and yield opportunities,” Garlinghouse said. These products may contribute to XRP’s success, he added.
The Ripple co-founder also noted that he wanted to ensure that crypto investments are available to more people. He said that a publicly-listed investment vehicle might be able to connect with investors who are not able to participate directly in the digital asset market.
Ripple Backs Evernorth’s XRP Treasury Strategy Garlinghouse also gave the reasons for the contribution of a large amount of XRP to Evernorth by Ripple. He said that the contribution was part of Ripple’s strategy to help build out blockchain ecosystems and their communities.
He remarked, “Ripple has since really its inception looked at, ‘How do we invest in the ecosystem?’ How can we help the community?
Garlinghouse then pointed out that Ripple’s investments are not restricted to XRP. The company believes in a multi-chain environment, while recognizing the XRP Ledger’s distinct capabilities.
Birla’s appointment as CEO of Evernorth has boosted Evernorth’s interest in Ripple, Garlinghouse said. He commended Birla for her foresight and knack for team building, even during his tenure at Ripple.
Evernorth Debuts on Nasdaq With 473 Million XRP Evernorth just went public on the Nasdaq on Oct. 14, when it rings the Nasdaq closing bell at Nasdaq MarketSite in New York’s Times Square. Bhagmal and Birla conducted the ceremony.
The event was initiated after Evernorth’s business combination with Armada Acquisition Corp. II was completed on Oct. 9. The deal allowed the company to go public on the ticker XRPN.
Evernorth had an estimated 473 million XRP in its holdings at closing. It had accrued approximately $300 million in gross cash proceeds, excluding transaction costs.
The firm provides investors exposure to the XRP either through its public trading shares or via other investment strategies. Its performance will be influenced by its XRP reserves, treasury management, financing and operating results.
