@Ripple has joined the @linuxfoundation x402 Foundation as a Premier Member, adding its weight to a growing industry push to create a global standard for autonomous machine-to-machine payments using $XRP and the regulated $RLUSD stablecoin.
What Is the x402 Protocol? The x402 protocol was originally created by Coinbase and is now stewarded by the Linux Foundation's x402 Foundation. The concept revives the old HTTP 402 "Payment Required" status code and turns it into a real transaction mechanism. An AI agent requests a paid service, receives a payment challenge, fires an on-chain payment, and resubmits the request with cryptographic proof. From the agent's perspective, it feels almost like a standard API call.
The x402 Foundation initially developed by Coinbase, Cloudflare, and Stripe, launched with a broad set of industry participants as it migrated toward an open source model for internet-native payments. Its membership includes Adyen, Amazon Web Services, American Express, Circle, Google, Mastercard, Microsoft, Shopify, Solana Foundation, Stripe, Visa, and others.
Ripple's Case for XRP and RLUSD Ripple's entry centers on positioning the XRP Ledger as a capable settlement network within the x402 ecosystem. The integration includes support for x402-powered payments using XRP and Ripple USD (RLUSD), enabling AI agents to transact for APIs, compute, and other digital services. Operations on the ledger feature deterministic finality that resolves within a 3-to-5-second range natively, and the system leverages existing institutional controls such as multi-signature schemes, deposit authorization, and escrow contracts.
Ripple promotes the XRP Ledger's three-to-five-second settlement times, predictable transaction costs, native escrow features, multisignature support, and built-in decentralized exchange as advantages for automated payments.
The broader x402 market, however, remains firmly in USDC territory for now. Data from Web3 Trackers shows more than 120 million cumulative x402 transactions and over $41 million in settled USDC volume, with Base accounting for roughly 70 million transactions and Solana processing about 45 million. While Ripple touts fast, low-cost, protocol-level payments as advantages, Ripple has not yet disclosed real-world adoption metrics for agent payments.
The move aligns with Ripple's broader strategy to provide compliant, institutional payment infrastructure for emerging AI-driven commerce.
Sources:
Linux Foundation: x402 Foundation Launch Announcement
Ripple: Introducing the XRP Ledger AI Starter Kit
CoinDesk: Ripple Wants AI Agents to Pay in XRP and RLUSD
Binance, one of the largest cryptocurrency exchanges known for its high trading volumes and liquidity, continues to display strong selling pressure on XRP, according to the latest CryptoQuant analysis. The digital asset, once trading above $2.00 earlier this year, has now dropped to about $1.07 as persistent sell orders dominate the market.
Binance CVD signals continued downsideCryptoQuant, a platform specializing in on-chain and market analytics for digital assets, observed that Binance’s XRP Cumulative Volume Delta (CVD) sits near negative 6.93 million. This persistent negative reading, which has remained steady for weeks, highlights a prolonged period where sell orders significantly outpace buy orders.
The CVD metric is considered an indicator of genuine order flow, reflecting whether actual market participants are accumulating or distributing an asset. In XRP’s case, the prolonged negative figure indicates sellers remain in control, showing the decline from $2.00 to current support levels has been under consistent selling pressure.
Even with the token’s decrease to $1.07, CryptoQuant’s analysis shows that buy-side demand has not recovered, and sellers continue to shape Binance’s order book dynamics.
Additional data from Binance revealed a scarcity index at its highest level since mid-2024, demonstrating that even with low prices, some supply constraints persist on the platform. CryptoQuant contributor ArabxChain, who tracks multiple XRP metrics, built the CVD chart that underpins this analysis.
Mini dictionary: Cumulative Volume Delta (CVD), a technical indicator in crypto trading, tracks the difference between the cumulative sum of buy and sell orders, helping traders identify which side—buyers or sellers—dominates order flow on exchanges.
MetricEarlier in 2026Current (July 2026)XRP Price$2.00$1.07Binance CVDNot specified-6.93 millionScarcity IndexLowerHighest since mid-2024Confirmation score remains subduedThe 30-day Price-CVD Confirmation Score for XRP hovers around 0.84, a figure that, in isolation, might appear stable or even slightly optimistic. However, CryptoQuant cautions that this level is not sufficient to signal a buying reversal. Instead, the score suggests the link between price and order flow is stable but not yet favoring a bull trend.
The current reading of 0.84 implies buying strength is lacking and does not represent a clear shift in momentum. A meaningful trend reversal would require CVD to turn positive together with an increasing confirmation score.
A true recovery in demand will only become evident if both order flow and the confirmation score improve in tandem. At present, neither metric points to renewed support for buyers.
Background: Ripple’s legal history and current sentimentRipple, the company behind XRP, has previously faced significant challenges. CEO Brad Garlinghouse recently shared that at the peak of its legal conflict with the US Securities and Exchange Commission in 2020, Ripple considered shutting down completely. The lawsuit posed a serious risk to the company’s survival, a decision that contrasts sharply with today’s ongoing but less existential market struggles for XRP traders.
In July 2026, market participants are instead responding to fluctuations in leverage and funding rates. Separate findings from CryptoQuant documented that while Binance funding rates surged 266%, open interest dropped to $399 million, signaling reduced leverage in the market. Despite these changes, conviction among buyers remains weak, as shown by the persistently negative spot CVD readings.
Outlook for XRP on BinanceAny significant turnaround would require a rise in CVD into positive territory and an improvement in the confirmation score, an event not yet seen on Binance. Until then, order flow remains negative, and XRP continues to move around the $1.07 mark.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple has joined the Linux Foundation's newly launched x402 Foundation as a premier member.
It is bringing XRP and its RLUSD stablecoin into an open-source initiative that is meant to standardize internet-native payments for AI agents and applications.
The x402 Foundation will oversee the development of the x402 protocol, an open payment standard that enables AI agents, APIs, and applications to send and receive payments directly over HTTP. The protocol aims to make financial transactions as seamless as exchanging data on the internet.
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Ripple said it has already integrated support for x402 on the XRP Ledger, allowing AI agents to transact using both XRP and RLUSD.
Ripple added that it is looking forward to contributing to the Foundation's governance and technical development.
The Foundation launches with backing from 40 organizations, including Amazon Web Services, American Express, Circle, Coinbase, Google, Mastercard, Ripple, Shopify, Solana Foundation, Stellar Development Foundation, Stripe and Visa.
AI paymentsRipple argues that the XRP Ledger is particularly well suited for autonomous AI transactions because of its deterministic settlement and predictable transaction costs.
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Jazzi Cooper, RippleX's senior developer relations engineer, said much of the discussion around AI agents has focused on their capabilities rather than the infrastructure needed to let them pay for services autonomously.
"Most of the agentic payments conversation is still about what agents can do. The harder problem is how they pay for it."
According to Cooper, the XRP Ledger already addresses many of the technical challenges associated with machine-to-machine payments. "On XRPL, that's already solved: 3-5 second deterministic finality, no gas auctions, no ambiguous pending states."
She added that this eliminates much of the complexity developers face when building autonomous systems. "An agent doesn't need retry logic or polling loops, it just proceeds the moment a transaction confirms." "That's the difference between infrastructure built for humans clicking 'approve' and infrastructure built for machines making decisions in milliseconds," she added.
Last month, Ripple released its XRPL AI Starter Kit. With x402 support now live, Cooper said those tools can already be used in production scenarios.
Ripple (XRP) shows subtle signs of recovery above $1.05 on Tuesday, with the move to around $1.07 ending three straight days of losses amid a pressured broader cryptocurrency market.
Escalating war between the United States (US) and Iran has weighed on sentiment since last weekend, with both parties exchanging attacks, while shipping through the Strait of Hormuz has stopped and the US has reinstated the blockade of Iranian ports.
Subdued on-chain activity lags XRP recoveryInterest in XRP remains significantly suppressed, as evidenced by on-chain indicators. According to Santiment data, newly created addresses on the XRP Ledger (XRPL) have eased to roughly 800 on Tuesday, down from approximately 2,000 the previous day. Looking back, users joining the network peaked at 6,600 on June 30, suggesting that appetite for risk assets is cooling. If the drop is sustained, demand for XRP would narrow further, limiting potential recovery.
XRP Network Activity | Source: SantimentAddresses actively transacting on the protocol paint a similarly grim picture, declining to roughly 2,200 on Tuesday, down from approximately 4,000 the day before. This drawdown shows that fewer users are actively sending and receiving assets on the XRPL. An extended decline means less on-chain demand and a reduced tailwind to sustain the current mild rebound.
XRP Active Addresses | Source: SantimentPrice analysis: XRP defends vital support, gains still cappedXRP retains a bearish near-term tone despite a slight increase above $1.07 from the psychological support at $1.05. Still, the spot price holds below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs).
The Parabolic SAR support at $1.04, suggests some underlying demand, but the broader structure remains capped by the downward resistance trendline whose break price sits at $1.11. While the Moving Average Convergence Divergence (MACD) histogram is fading but slightly positive on the daily chart, the Relative Strength Index (RSI) at 40 hints that upside momentum is still limited and rallies are vulnerable below the major EMAs.
XRP/USDT daily chartInitial resistance is seen at the downward resistance trendline break level at $1.11, ahead of the 50-day EMA barrier at $1.16, with the 100-day EMA at $1.26 and the distant 200-day EMA at $1.47 reinforcing a broader supply zone if recovery extends.
On the flip side, immediate support is offered by the Parabolic SAR level at $1.04. A daily close below this floor would likely open the door to a deeper pullback, keeping the pair entrenched in its bearish bias as long as it trades beneath the clustered EMAs overhead.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
XRP passed an important anniversary this week. Three years ago, on July 13, 2023, Judge Torres ruled the token was not a security in Ripple’s case against the SEC, a decision that still sets XRP apart from most of the crypto market.
Analyst Zach Rector marked the date by pointing to what he calls the last realistic window to buy XRP under a dollar.
Why XRP Doesn’t Need the CLARITY Act, According to Rector
Rector argues XRP already has something most tokens are still waiting on.
The 2023 court ruling gave XRP formal legal clarity as a non security asset, a status only Bitcoin shares at a similar level.The CLARITY Act, still pending in the Senate before the August 7 recess, matters for the broader industry, but Rector says XRP doesn’t need it the way other tokens do.He frames the anniversary as proof the asset already cleared its biggest regulatory hurdle years ago.The Technical Setup Behind the “Final Chance” Call
Cassie Trades’ wave count points to one more leg down before the correction ends, according to Rector. The path she’s tracking looks like this:
A sharp move down toward roughly $0.93A relief bounce back near $1.00, which would flip into resistanceA final leg down into the $0.87 zone, marking the end of a multi year correctionXRP was trading around $1.10 as of July 13, sitting just above that projected path.
Looking Back at Past “Last Chance” Moments
Rector pointed to two earlier windows where XRP touched levels it never returned to:
March 13, 2020: XRP traded near $0.10, a level it has not revisited since.June 2022: XRP dropped to around $0.28 to $0.30 following the Terra Luna collapse, and never fell below $0.30 again, even during a retest in January 2023. Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Ripple has expanded its involvement in the artificial intelligence sector by joining the newly established x402 Foundation as a Premier Member. The x402 Foundation is an organization set up under the Linux Foundation to develop open payment standards for AI-driven transactions. Other prominent members include Amazon Web Services, Visa, Mastercard, Stripe, Coinbase, and Google.
AI agents and new payment standardsThe x402 Foundation is focused on building protocols that allow AI-powered agents to send and receive payments across the internet as easily as they exchange data. As the adoption of autonomous AI agents grows, these standards aim to enable seamless machine-to-machine payments for booking services, purchasing computing resources, accessing APIs, and completing other business activities.
Ripple stated that its technology, especially the XRP Ledger (XRPL), is suitable to power these use cases thanks to its ability to handle high-speed, native digital payments at scale. Developers already have the tools to integrate AI agents with XRPL and facilitate transactions using both XRP and RLUSD, supporting the x402 protocol for rapid, efficient payments.
Beyond simply joining as a member, Ripple will help shape the x402 Foundation’s technology roadmap and governance policies. By contributing to the establishment of open standards, Ripple aims to play a leading role in how digital agents interact financially in coming years.
Mini dictionary: x402 Foundation, a collaborative project under the Linux Foundation, enables open standards for peer-to-peer payments among AI agents and Internet of Things devices.
Ripple highlighted its ongoing work, stating that developers can already integrate AI agents with the XRP Ledger and RLUSD, thanks to protocol support that enables fast, internet-scale payments between machines.
XRPL’s expanding role in the AI-driven economyThe membership comes soon after Ripple launched the XRP Ledger AI Hub, a unified platform offering developer tools, payment services, and access to real-world applications for AI agents on XRPL. These initiatives are intended to expand XRPL’s use beyond traditional cross-border remittances to include infrastructure for the autonomous machine economy.
Within this model, AI agents can use non-custodial wallets funded with XRP or RLUSD to handle payments for cloud computing, access to APIs, digital storage, subscriptions, and other online services. They can earn XRP for completed tasks and use the accumulated funds for future payments, reducing reliance on banks or legacy payment processors.
By supporting technical standards for the x402 protocol and participating in shaping governance, Ripple seeks to position the XRP Ledger as a backbone for machine-to-machine payments in the digital economy.
Early adoption is visible through projects like t54’s x402 facilitator, which recently processed native XRP transactions directly between AI agents on XRPL. This move shows that autonomous payments are transitioning from pilot efforts to practical use in digital markets.
By assisting in the development of new payment infrastructure for AI agents and collaborating on essential standards, Ripple aims to make XRP Ledger a foundational network for autonomous financial transactions as digital commerce evolves.
MemberSectorRole in x402 FoundationRippleDigital payments/BlockchainPremier Member, governance and standardsAmazon Web ServicesCloud computingInfrastructure providerVisaPaymentsIndustry memberMastercardPaymentsIndustry memberStripePaymentsIndustry memberCoinbaseCrypto exchangeIndustry memberGoogleTechnologyIndustry memberAs AI agents increase their participation in commerce, this collaboration across tech, payments, and crypto pioneers may accelerate the shift toward autonomous, internet-native payments using public blockchains like the XRP Ledger.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple’s XRP remains trapped within a broader bearish market structure despite several recovery attempts over the past few weeks. While the recent price action suggests sellers remain active at higher levels, the market is once again testing a critical demand zone that could determine whether the token stabilizes or extends its decline.
XRP Price Analysis: The Daily Chart On the daily timeframe, XRP continues to trade inside a large descending channel that has contained the price action since the beginning of the year. The asset was recently rejected from the upper resistance region around $1.22-$1.29, a supply zone that has repeatedly capped bullish advances throughout the downtrend.
The rejection occurred near the confluence of the descending channel’s upper boundary and the 100-day moving average, reinforcing the significance of this area.
Following the rejection, XRP has retraced toward the key demand zone around $1.02-$1.08. This region has repeatedly attracted buyers and currently represents the most important support level on the daily chart. As long as the price remains above this area, the market could continue consolidating within the lower portion of the channel.
A breakdown below the $1.02-$1.08 support zone would likely invalidate the current stabilization attempt and expose the lower boundary of the channel, potentially opening the door for a deeper decline.
XRP/USDT 4-Hour Chart The 4-hour chart provides a clearer view of the recent weakness. XRP rallied aggressively from the lower demand zone but failed to sustain momentum after reaching resistance at the descending trendline and the overhead supply region around $1.22-$1.29.
Since then, the asset has produced a series of lower highs and lower lows, reflecting growing short-term bearish pressure. The market has now returned to the decisive demand zone around $1.03-$1.08, which has acted as the foundation for every meaningful rebound since late June.
This area remains the primary level to monitor. A successful defense could trigger another relief rally toward the descending trendline and the $1.22-$1.29 resistance zone. Such a move would keep XRP trapped within its broader consolidation structure while preserving the possibility of a larger breakout later.
On the other hand, a decisive loss of the demand zone would represent a significant structural deterioration and likely shift momentum firmly back in favor of sellers.
For now, the token remains positioned at a critical support area. While the broader trend continues to favor caution below the major moving averages and descending channel resistance, the $1.02-$1.08 demand zone remains the key level bulls must defend to prevent another leg lower.
Ripple-backed Evernorth has unveiled a $44 million CEO equity package in a fresh SEC filing while advancing its merger to create a Nasdaq-listed XRP treasury company.
Summary
Evernorth’s latest SEC filing includes a $44 million equity award for CEO Asheesh Birla. The amended filing advances Evernorth’s merger with Armada Acquisition Corp II and planned XRPN listing. Evernorth also launched a Japanese-language XRP information channel without announcing local operations. According to Evernorth Holdings’ fourth amended Form S-4 registration statement filed with the U.S. Securities and Exchange Commission, the company updated executive and director compensation arrangements while advancing the paperwork required for its proposed business combination with Armada Acquisition Corp II, a special purpose acquisition company backed by Arrington Capital.
🚨SCOOP: Ripple-backed Evernorth Holdings files S-4 Amendment with the US SEC
🔸Evernorth moves closer to its merger with Armada Acquisition Corp II and to launch the largest Nasdaq-listed public XRP treasury
🔸Filing announces CEO Ashish Birla’s base salary and a $44 million… pic.twitter.com/wStNBFZ23q
— Rednirav (@CryptoRednirav) July 14, 2026 The filing sets CEO Asheesh Birla’s base salary and grants him an initial equity award valued at about $44 million, together with vesting terms. Chief financial officer Matt Frymier would receive a base salary, annual bonus eligibility and an equity award worth about $5.6 million.
Evernorth also disclosed restricted stock unit awards valued at $750,000 for executives, subject to approval by the board’s compensation committee and the company’s shareholders.
Merger filing moves XRP treasury listing closer Beyond executive compensation, the amended filing moves Evernorth another step toward completing its merger with Armada Acquisition Corp II. If the transaction receives regulatory and shareholder approval, the combined company is expected to trade on Nasdaq under the ticker XRPN while operating what Evernorth has described in its SEC filings as the largest publicly listed XRP treasury company.
According to the filing, Evernorth has secured more than $1 billion in gross proceeds from investors including Ripple, Arrington Capital, SBI Holdings, Pantera Capital and Kraken.
Board appointments were also updated. Ripple chief legal officer Stuart Alderoty is expected to join the board alongside CEO Asheesh Birla and Ted Janus. The proposed board would also include OpenAI Foundation chief financial officer Robert Kaiden and Antalpha chief operating officer Derar Islim.
Separately, Evernorth has expanded its public communications by launching a Japanese-language social media account focused on XRP-related updates and market education. In its introductory message, the company stated that Japan had supported XRP early and that it would continue building from there. However, Evernorth did not announce a new office, regulatory license, investment, product launch, or local operating business in Japan.
The company added that the Japanese account would explain market developments in simple terms and provide professional information without discussing XRP price movements or forecasts. Evernorth has not disclosed local staffing, partnerships or services connected to the initiative, while its website continues to list San Francisco as its primary headquarters.
XRPN stock holds steady as XRP activity grows While the merger still awaits regulatory approval, Armada Acquisition Corp II shares have largely held their gains. The stock is up about 2.25% since the beginning of the year and has gained nearly 0.5% over the past month, although it closed 0.10% lower on Monday. Its 52-week high stands at $10.91.
Source: Yahoo Finance Evernorth has also pointed to rising XRP adoption across several areas. According to the company, tokenized real-world assets on the XRP Ledger increased from roughly $150 million to $4 billion over the past year, supported by growth in spot XRP ETF inflows and an increase in newly created XRP wallets.
Meanwhile, XRP (XRP) traded at about $1.10 after rising 2.3% over the previous 24 hours. The token fluctuated between $1.06 and $1.11 during the session, while trading volume rose nearly 16% ahead of the release of U.S. consumer price index inflation data.
XRP and Ethereum have recorded their highest levels of investor FOMO in the last five weeks, with crowd sentiment turning bullish despite ongoing price weakness. XRP currently trades around $1.06, while Ethereum remains about 65% below its all-time high from August 2025. Both major tokens saw renewed attention as traders shifted focus back toward large-cap cryptocurrencies.
Bullish sentiment returnsSantiment Intelligence, a leading blockchain analytics firm, observed that fear has receded from the market across the largest cryptocurrencies, including Bitcoin, Ethereum, and XRP. However, the firm noted imbalances in market mood, particularly with XRP showing the most optimistic crowd outlook at the start of the week.
On Monday, Santiment Intelligence measured 3.02 bullish XRP comments for every bearish comment. Ethereum followed with 2.31 bullish for each bearish view, while Bitcoin remained more neutral with a 1.40 ratio.
This rising optimism comes as both XRP and Ethereum enter territory often associated with investor FOMO. Market analysts suggest this can heighten short-term risks, as heightened enthusiasm during periods of price weakness sometimes leads to unexpected reversals.
Santiment Intelligence reported that Bitcoin and Ethereum initially started the day on a stronger note but faded later, moving lower as XRP and ETH entered more speculative sentiment territory. Historically, extremes in crowd sentiment have preceded short-lived price swings in the opposite direction.
Both tokens’ crowd-driven momentum stands in contrast to their short-term price performance, which remains subdued amid broader crypto market volatility.
Mini dictionary: Santiment Intelligence is a blockchain data analytics platform providing on-chain and social metric analysis for digital assets.
AssetBullish/Bearish Comment RatioCurrent Sentiment LevelXRP3.02Strongly BullishEthereum2.31BullishBitcoin1.40NeutralEthereum’s fundamentals under scrutinyDebate around Ethereum’s intrinsic value has resurfaced, with market commentators examining the gap between the platform’s network growth and its price action. Independent analyst TedPillows pointed out that Ethereum’s price is still around 65% below the August 2025 peak despite ongoing improvements in network activity, adoption, and underlying strength.
TedPillows emphasized that Ethereum’s charts and fundamentals are telling different stories, noting sustained growth in usage and adoption while the token’s price remains suppressed.
The disconnect between Ethereum’s utility metrics and its market value has become a focal point for investors. TedPillows explained that although higher activity and broader adoption can build a stronger foundation for long-term appreciation, they do not insulate the asset from short-term market volatility. Traders continue to watch whether sustained bullish sentiment will support ETH prices or increase the risk of another pullback.
XRP holds above supportMarket charts indicate that XRP is consolidating around $1.07 on Bitstamp, near a recent low after a decline from 2025 highs above $3. The token’s broader trend still reflects a pattern of lower highs, highlighting ongoing pressure within the market.
XRP is currently attempting to stabilize within a support range between $1.00 and $1.05. Should prices fall below $1.00, technical analysts foresee increased risk of further declines toward $0.95 or $0.90. For a potential upward shift, XRP needs to secure a daily close above the $1.15–$1.20 region.
Key indicators on the daily chart show the MACD registering a small positive crossover, while the RSI remains below the midpoint at approximately 39.9, suggesting caution prevails until momentum strengthens.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto prices are rising across the board today, even as the head of the Federal Reserve made clear he has no plans to step in and rescue the industry if things go wrong. Bitcoin sits near $64,600 today, rising more than 3%. Ethereum has climbed above $1,875 today, gaining more than 5% over the last day and XRP now trades near $1.10 today, up nearly 3% over the past 24 hours too.
The wider crypto market is also higher, with total market value near $2.22 trillion, up more than 2.5 percent. Even so, the Fear and Greed Index still sits at 33, which means the market remains in a state of fear overall.
What Kevin Warsh actually said
Speaking during testimony before Congress, Federal Reserve Chair Kevin Warsh said the central bank has no interest in stepping in to save crypto if it runs into trouble. Warsh said the Fed wants to avoid being in the bailout business with crypto too.
“We’re not bailing out anybody, including crypto,” he said.He added that the Fed wants to be in a position where it isn’t bailing out anyone at all, crypto included.
He also talked about inflation
Warsh also addressed inflation during the same appearance. He said persistent inflation comes down to choices made through monetary policy, not short term price swings or global uncertainty. He said that if the Fed gets its policy right, the high inflation of the past five years will become a thing of the past.
Why this matters
Warsh has a mixed record on crypto. He has criticized some crypto projects in the past, but he has also said Bitcoin doesn’t make him nervous and has personal investments tied to blockchain projects, which he pledged to sell off after becoming Fed Chair. Today’s comments make clear that even with that personal history, he doesn’t see crypto as something the Fed would step in to protect during a crisis.
Story Ends Here
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TL;DR
SBI Digital Finance and Doppler Finance are developing regulated XRP lending infrastructure for Japanese funds and market makers, allowing institutions to use XRP as collateral and unlock liquidity.SHIB's average exchange deposit size increased 76.26% to 969.01 million tokens, but negative netflows and declining reserves indicate that the market is not experiencing a broad panic sell-off.Wintermute identifies cooler US inflation and sustained crypto ETF inflows as Bitcoin's two main recovery catalysts, with a move above $67,250 requiring several consecutive sessions of institutional demand.Bitcoin is testing resistance near $64,000–$64,500, while Robinhood Chain growth, rising institutional BTC adoption, and preparations for the digital euro strengthen the broader crypto market outlook.How SBI and Doppler will put XRP to work for Japanese banksFinancial conglomerate SBI Holdings has divided infrastructure roles between different blockchains as part of its Asian strategy. While the market discusses its recent agreement with the Solana Foundation, SBI Digital Finance is developing a lending platform designed to bring long-term capital into XRP.
The initiative's partner is digital markets provider Doppler Finance. The companies are creating regulated B2B infrastructure in Japan for lending and collateral management.
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Doppler Finance X SBI Digital Finance
Doppler Finance and SBI Digital Finance Announce Strategic Partnership to Expand Institutional XRP Finance in Japan
The partnership brings together Doppler’s digital asset infrastructure and SBI Digital Finance’s institutional market… pic.twitter.com/pTSyxkXgYM
— Doppler Finance (@doppler_fi) July 14, 2026 According to Doppler Finance, the launch is aimed at Japanese funds and market makers, with the goal of turning passive XRP reserves into productive working capital. In this context, institutional participants will be able to legally use the token as collateral, borrow liquidity against it, and manage risks under local compliance requirements.
This move confirms SBI's multichain approach, under which the conglomerate has clearly separated its financial business lines. While the partnership with the Solana Foundation is focused on the tokenization of real-world assets such as corporate bonds, real estate, and retail stablecoins, the agreement with Doppler Finance addresses demand from major players for B2B lending backed by XRP.
Why a 76% surge in SHIB inflows did not turn into a panic sell-offA morning on-chain audit delivered a surprise for meme coin enthusiasts, as the average size of a single SHIB deposit to exchanges rose sharply by 76.26% over the past few days, reaching 969.01 million tokens.
In plain English, large holders have started moving more Shiba Inu tokens onto trading platforms. CryptoQuant's chart shows that this inflow has already put pressure on order books. Over the past week, the token's price has moved lower and is now hovering near a local bottom at $0.0000041.
SHIBA INU: Exchange Inflow (Mean, MA7) - All Exchanges (Deprecated), Source: CryptoQuantHowever, it is too early to write off the asset, as the details of the daily statistics tell a different story. Looking beyond the average deposit size and focusing on total activity over the past 24 hours changes the picture:
Exchange netflow: Fell deep into negative territory at -186.29 billion SHIB.Total exchange reserves: Declined to 86.61 trillion SHIB, losing around 2.12% in dollar terms.Top-10 wallet activity: Whales withdrew 5.26 billion SHIB during the day while depositing only 3.85 billion.Yes, several large players created local selling pressure and pushed the price toward psychological support. Globally, however, tokens continue to move into cold wallets, meaning the market is not experiencing mass panic or a complete sell-off.
SHIB is now in a holding pattern. If the $0.0000041 level holds, the morning selling pressure could turn into an evening rebound.
Major market maker Wintermute names two catalysts for a Bitcoin price recoveryWhile external markets are being shaken by commodity-related disruptions, with Brent crude climbing toward $79 and US Treasury yields breaking above 4.57%, Wintermute OTC analysts say Bitcoin is showing remarkable resilience.
In their latest report, they stated that weak hands have already been flushed out and there is no one left to panic. The market absorbed even Strategy's massive sale of 3,588 BTC, worth around $216 million, without major disruption. Just a few months ago, a sale of this size could have triggered a sharp decline.
Bitcoin price action on a daily tim frame in context of recent CPI report, Source: TradingViewSellers are exhausted, Wintermute concluded, and Bitcoin's price recovery now depends on two factors:
Cooling inflation data. Wintermute analysts emphasized that the latest inflation figures would determine everything and that the market urgently needed a cooler CPI reading to reduce fears of another Federal Reserve rate increase. According to the latest data, US inflation fell to 3.5%, while the monthly reading dropped by 0.4% — the steepest decline since May 2020.Consistent ETF inflows. Last week finally ended a severe eight-week streak of outflows, with approximately $282 million entering crypto ETFs. However, Wintermute warned that one positive week is not enough. Now that the CPI barrier has been removed, breaking the trend and confidently moving above $67,250 will require several consecutive sessions of positive ETF flows.As a final potential catalyst, analysts continue to focus on the CLARITY Act, which is expected to receive a vote in the US House of Representatives later this month.
Wintermute analysts concluded that Bitcoin has demonstrated its ability to rise on internal market volume despite unfavorable external conditions. The options market, where traders had continued to hedge and buy puts ahead of the inflation data, has now received a powerful bullish signal. The main catalysts are in place, and the market is waiting for confirmation from ETF flows.
Crypto market outlook: Bitcoin challenges $64,000 resistance amid CPI cooldownBitcoin is testing the upper boundary of its local range near $64,000 following a slowdown in US inflation, with CPI falling to 3.5%. The current chart structure points to an attempt to form a local bottom, supported by the launch of the first banking adoption index and easing macroeconomic pressure.
Key developments:
BTC technical outlook: The daily BTC/USD chart shows Bitcoin trading at $63,698, up 2.32%. The price remains trapped in a consolidation range between support at $58,000–$59,250 and resistance at $64,500, while still trading below a descending trend line. The RSI is at a neutral reading of 51.88, confirming continued uncertainty.Launch of the Bitcoin Banking Index: Strategy Inc. has launched an index measuring BTC adoption among the world's 25 largest banks. The current adoption level stands at 32%. Fidelity leads with 71%, followed by BNY Mellon at 46%, Goldman Sachs at 45%, and JPMorgan at 43%.Robinhood Chain activity: The new blockchain reached $800 million in daily DEX trading volume within two weeks. Its main driver is the CASHCAT meme coin, which has a market capitalization of $150–$200 million and gained 19.5% following its listing on Binance Wallet.Positive macroeconomic backdrop: US CPI for June fell to 3.5%, compared with a forecast of 3.8% and a previous reading of 4.2%. Core CPI declined to 2.6%, below the 2.8% forecast. This reduces pressure on the Federal Reserve and opens the door to renewed liquidity inflows into the crypto market.Preparations for the digital euro: The European Central Bank has selected 36 providers, including Stripe and Nexi, for a 12-month CBDC pilot. Testing is scheduled to begin in the second half of 2027, while the full launch of the currency is planned for 2029. You Might Also Like
XRP has reached its breakout retest point, looking to defend an important support level that could determine its next major move.
XRP currently changes hands at $1.06, which puts it close to $0.9539, the exact price where it broke out of a six-year symmetrical triangle in 2024. This level could decide whether the broader bullish trend stays intact or gives way to a deeper correction.
Essentially, the $0.9539 area marked the breakout point that ended a long period of consolidation and started the rally that pushed XRP to $3.6 last July.
As the price moves back toward that area, it remains to be seen if buyers can defend it. A successful defense would strengthen the current market structure, but a failure could signal that the upsurge is losing support.
XRP 6-Year Triangle Breakout Notably, XRP spent more than six years moving inside a large symmetrical triangle after reaching its cycle high during 2017 and 2018. Throughout this period, the chart formed five major pivot points, labeled A, B, C, D, and E, as the trading range became increasingly narrow.
However, the structure changed when XRP broke above the triangle in 2024 at around $0.95398. This breakout started a five-wave impulse move that carried the token to a high of $3.3 by January 2025.
After completing the upsurge, the price pulled back toward the $2 area before recovering to the July 2025 all-time high of $3.66. From there, XRP has now corrected to the same breakout area.
XRP 1W Chart Such a correction often serves as an important test. Markets frequently return to previous breakout levels to see whether old resistance can become new support. If XRP holds above this level, it will confirm that the breakout remains valid. If it falls below it, further downside could play out.
XRP Could Face More Downside Before Possible Reversal Meanwhile, the 4-hour chart shows that XRP is trading inside a red symmetrical channel, where an ending diagonal appears to be developing. The pattern contains five overlapping sub-waves, and the fifth wave is still in progress.
Current projections suggest that the final leg of this pattern could take XRP into the $0.80 to $0.90 range before it finishes. Ending diagonals usually form near the end of a decline and suggest that selling pressure is fading. Once they are complete, they can lead to a strong recovery.
XRP 4h Chart However, for now, the pattern remains unfinished. This means XRP could still move lower in the short term before buyers attempt to regain control.
Important XRP Price Levels The first support area sits between $1.00 and $0.95398. If XRP drops below this range, the next support lies between $0.80 and $0.90, which aligns with the projected end of the current ending diagonal.
A further decline would bring $0.60160 into the picture. This level marks an important pivot from the six-year triangle and could become the next major support for XRP.
The chart also highlights $0.39368 as the main Wave IV support level. If selling becomes much stronger, $0.11540 would represent the final capitulation target in the current technical outlook.
On the upside, XRP must first break through resistance between $1.20 and $1.30. If buyers clear that area, the next resistance sits at $1.60, followed by the previous high of $3.29998.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Moisand Fitzgerald Tamayo, a registered investment advisor (RIA) based in Orlando, Florida, has disclosed that it holds shares of the Franklin XRP exchange-traded fund (ETF).
In its latest 13F filing with the US Securities and Exchange Commission (SEC), the company reported holding 964 shares of the ETF, valued at around $11,000 at press time. The firm boasts $1.35-$1.4 billion in assets under management (AUM) and is currently ranked among the top 500 RIAs in the US and named to the Best Financial Advisory Firms list.
Source: sec.gov
XRP ETFs attract institutional interestA similar Virginia-based firm, Main Street Group, also disclosed XRP exposure. According to its Q2 2026 regulatory filing, the firm holds 5,261 shares (valued at roughly $58,292 at the time of writing) in the Canary XRP ETF.
Additional firms with exposure in various XRP ETFs include Larson Financial Group ($1.8 million), Q3 Asset Management ($430,000), and Hurley Capital ($135,000). These firms join more prominent players like Flow Traders, whose XRP ETF is worth $1.93 million and makes up the largest institutional XRP ETF portfolio.
While the amount of funds invested varies, the above filings indicate increased institutional interest in XRP ETFs. According to MarketBeat, institutional investors purchased over 160,000 XRP ETF shares in the last 24 months. In the past year, inflows into these investment vehicles have totaled $2.50 million with zero outflows.
Source: MarketBeat
Token price is not reflective of ETF inflowsDespite rising institutional investment in XRP ETFs, the token itself is down 62.16% over the past year, trading at $1.06. Investor anticipation of US Fed interest hikes to curb inflation has also caused a recent market downturn, with XRP down over 3% in the past day.
Source: CoinMarketCap
That said, there just may be a silver lining, since the token has printed a chart similar to one from a time when it surged by 60,000%.
Story Ends Here
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Bulls have been waiting for Ethereum to deliver a bullish technical signal for a long time. ETH has successfully broken out of a declining trendline that had capped every attempt at recovery since May after spending weeks stuck beneath short-term resistance. The move is one of the most significant technical advancements Ethereum has seen in recent months, even though it is not yet sufficient to signal the beginning of a full-scale bull market.
In the vicinity of the $1,750–$1,800 range, Ethereum was able to break above the declining resistance line that connected a string of lower highs. This is noteworthy because, ever since the rejection from the $2,400 area earlier in the year, the pattern has been strengthening bearish momentum. Ethereum is currently holding above its 50-day EMA at $1,740, and price action is stabilizing around $1,790.
ETH/USDT Chart by TradingViewAdditionally, the 100-day EMA at $1,755 has been reclaimed, forming a supportive cluster below current price levels. The market structure observed throughout June, when ETH remained in the downtrend, is noticeably different from this. The improving outlook is reinforced by momentum indicators.
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The RSI has risen above 53, indicating increasing buying pressure and firmly entering bullish territory. In contrast to earlier attempts at a rebound, the current move has not caused the RSI to enter an overbought state, allowing for further upside if buyers continue to be active. The next challenge is just around the corner.
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The psychologically significant $1,800-$1,850 range, which has frequently served as resistance over the past few months, is drawing closer to Ethereum. The bullish case would be strengthened by a clear move above that area, which might also lead to an advance toward the 200-day EMA at $2,220. It is still important to keep an eye on volume.
Although the breakout is technically sound, increased trading activity would provide more evidence that larger market players and institutions, as opposed to just short-term traders, are backing the move.
There has been no complete reversal of the general trend. Ethereum is still trading beneath the long-term resistance structure set earlier this year and remains far below its 200-day moving average. However, the short-term picture is significantly altered by the successful trendline breakout.
Confidence in XRPXRP's wider recovery attempt might not be finished despite recent weakness and another rejection close to local resistance. Even though the asset is still stuck below important moving averages and is trading close to the $1.07 mark, there are a number of indicators suggesting that the market has not completely given up on the possibility of a bigger recovery. The chart doesn't appear very confident at first glance.
At $1.11 for the 50-day EMA, $1.15 for the 100-day EMA, and $1.26 for the 200-day EMA, XRP is still below these benchmarks. Such a configuration usually indicates that sellers are still in control of the longer-term trend and reflects a bearish market structure. However, the moving averages alone don't fully capture the complexity of the current situation.
XRP/USDT Chart by TradingViewThe psychologically significant $1.00 area has been consistently defended by XRP since the sharp drop in June. Bears' attempts to force a clear breakdown have all been thwarted by buying activity, resulting in a comparatively stable support zone. Despite weeks of pressure, XRP has avoided hitting new lows, which suggests that selling momentum is gradually waning.
A fascinating tale is also told by volume. Selling volume has been continuously dropping, but buying activity is still insufficient to cause a breakout. This frequently occurs during accumulation phases, when market participants are less inclined to sell at low prices. The RSI is currently in the neutral 40-45 range.
This indicates that XRP is far from overheated and has potential for a recovery move if overall market conditions improve, even though it does not indicate bullish momentum. Reclaiming the 50-day EMA remains the bulls' primary goal. A successful move above $1.11 would probably draw in more momentum traders and open the door to the resistance zone between $1.15 and $1.20.
After that, the 200-day EMA at around $1.26 emerges as the primary technical obstacle. The current setup is notable because, despite trading below significant resistance levels, XRP is not accelerating downward. Rather, price action has begun a period of consolidation above support.
Bitcoin makes it back for nowBTC has risen back toward the $63,000-$64,000 range after rising from lows close to $58,000. This puts it directly below a significant resistance cluster that may dictate the market's next big move. The 50-day exponential moving average, which is currently close to $64,600, is the most immediate challenge.
Over the past few weeks, Bitcoin has tested this level several times but has been unable to produce a clear breakout. Sellers have been drawn in at each rejection, highlighting the significance of this area. Nevertheless, there are a number of reasons why the likelihood of a resistance break is rising.
First, since the June bottom, Bitcoin has been able to set a string of higher lows. Instead of retreating to the $58,000 support area, buyers have continuously intervened at increasingly higher prices. This behavior frequently indicates growing confidence and accumulation beneath resistance.
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Second, momentum indicators are improving over time. The daily RSI is approaching the neutral 50 level after recovering from oversold territory. It shows that the bearish momentum that dominated June has significantly decreased, even though it is not yet a fully bullish signal.
The broader market structure also supports a breakout. Bitcoin spent a few weeks consolidating after the sharp drop from the $82,000 area. Before making another directional move, markets usually need to go through these stages of consolidation. The longer Bitcoin stays above important support levels without hitting new lows, the more pressure builds against surrounding resistance.
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Traders should not underestimate the challenges that lie ahead, however. Even if Bitcoin surpasses the 50-day EMA, there will be more resistance near the 100-day EMA, which is located at $68,600. Above that, the 200-day EMA at approximately $74,700 remains the final line separating the market from a complete trend reversal.
Volume continues to be an issue. In contrast to the significant selling volume observed during the June crash, recent recovery attempts have involved comparatively low trading activity. During any breakout attempt, bulls would prefer to see a discernible increase in participation.
For the time being, Bitcoin does not appear to be actively rejected by resistance; instead, it seems to be coiling beneath it. A close above the $64,500–$65,000 range would greatly boost sentiment and might lead to a move toward $68,000. The technical setup indicates that Bitcoin's chances of breaking resistance are improving every day, even though confirmation is still required.
Ethereum has registered a notable technical development after breaking above a declining trendline that restricted its price recovery since May. For weeks, ETH had traded below short-term resistance, but the latest price surge marks one of the most significant movements for the asset in recent months. However, analysts caution that this action does not, on its own, signal the start of a new bull market.
Ethereum breaks key trendlineETH surpassed the downward resistance in the $1,750–$1,800 region, moving beyond a line that connected a sequence of lower highs set over previous months. This breakout comes on the heels of a long-running bearish pattern that had intensified following a rejection from the $2,400 level earlier in the year. Currently, ETH is holding above its 50-day exponential moving average (EMA) at $1,740, and its price is consolidating near $1,790.
The asset has also reclaimed the 100-day EMA at $1,755, creating a supportive zone beneath the current price. This shift marks a departure from the more bearish market structure seen in June when ETH remained in a downtrend. Supporting indicators, such as momentum metrics, add to this improving outlook.
The relative strength index (RSI) has lifted past 53, pointing to increasing buying interest and a move into bullish territory. The indicator has not entered overbought conditions, which leaves room for additional upside if demand persists. The next test for Ethereum is approaching quickly.
Major resistance sits in the $1,800–$1,850 range—a level that has repeatedly capped previous rallies in recent months. If ETH achieves a decisive move above this band, it could target its 200-day EMA near $2,220. However, trading volume remains closely scrutinized.
Although the breakout is promising from a technical perspective, increased trading activity would provide further confirmation that larger institutional participants are backing the move rather than only short-term traders.
ETH price has broken out above key resistance, and if supported by higher volume, it could signal broader trend improvement for Ethereum in the coming weeks.
Despite the recent upswing, ETH is still trading below the long-term resistance established earlier this year and remains well under its 200-day moving average. Still, the short-term narrative has shifted with the successful trendline breakout.
XRP defends critical supportXRP, developed by Ripple Labs, is showing attempts at a broader recovery despite recent weakness and rejection near local resistance. While XRP currently trades just above $1.07 and remains under its key moving averages, several market indicators still hint at persistent recovery potential.
The 50-day EMA at $1.11, 100-day EMA at $1.15, and 200-day EMA at $1.26 each continue to act as resistance above XRP’s current level, suggesting a predominantly bearish long-term outlook. However, these averages do not fully represent the current buying activity near psychological support.
Since the steep decline in June, the $1.00 zone has proven to be a strong support area. Attempts to push XRP below this level have failed, indicating solid demand and suggesting that downward momentum may be fading. Notably, XRP has managed to avoid fresh lows in the face of sustained pressure.
Volume patterns are also revealing. Selling activity has steadily decreased, but current levels of buyer participation remain insufficient to trigger a breakout. This environment often reflects accumulation, where investors refrain from selling at lower levels.
The RSI stands between 40 and 45, signaling neither oversold nor overbought conditions and leaving open the possibility for a rebound if market sentiment improves. Reclaiming the 50-day EMA at $1.11 is an immediate target for bulls and a move above it could open the path toward the $1.15–$1.20 resistance area. Should this rally continue, the 200-day EMA at $1.26 is the next major technical hurdle.
Ripple Labs is a US-based technology company focusing on digital payment protocols and the development of XRP, a digital asset used for cross-border financial transfers.
Mini dictionary: Exponential Moving Average (EMA), a technical indicator that gives greater weight to more recent price data and is used to gauge short- and long-term market trends.
Interestingly, XRP is consolidating above support, showing resilience despite trading below all major resistance zones.
Bitcoin eyes major resistanceBitcoin (BTC) has rebounded toward the $63,000–$64,000 range after recovering from lows near $58,000. The move places Bitcoin immediately below a key resistance cluster that could determine the asset’s short-term trajectory. The 50-day EMA, currently at $64,600, represents the next technical challenge for bulls.
BTC has approached this level several times recently, but each attempt resulted in sellers regaining control. This repeated rejection underscores the significance of the current resistance zone, but several signals now point toward increasing odds of a breakthrough.
AssetCurrent Price AreaKey Resistance Level50-day EMA200-day EMAEthereum (ETH)$1,790$1,800-$1,850$1,740$2,220XRP$1.07$1.11-$1.20$1.11$1.26Bitcoin (BTC)$63,000-$64,000$64,500-$65,000$64,600$74,700BTC has set higher lows since its June bottom, with buyers stepping in at elevated prices instead of letting it drop back to $58,000. This price action hints at persistent accumulation and growing confidence among investors. Momentum indicators, such as the daily RSI, are improving and now approach the neutral 50 level, showing that bearish momentum has eased, even if bullish signals are not fully confirmed.
The market structure reinforces the breakout potential. After consolidating since the crash from $82,000, Bitcoin’s failure to make new lows increases the upward pressure on resistance. Yet, substantial challenges remain, including the 100-day EMA at $68,600 and the 200-day EMA at about $74,700.
Volume trends are still subdued. The sizable selling volume seen during the June drop has yet to be matched by buying activity in recovery attempts, so traders are watching for increased participation to support a breakout.
Bitcoin is consolidating below the $64,500–$65,000 resistance range, and a close above this level could quickly shift the broader sentiment and set the stage for a move toward $68,000.
Currently, BTC appears to be gathering strength immediately beneath major resistance without facing strong rejections. The technical picture suggests that the chances of a breakout are improving, although more confirmation is needed.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple Chief Technology Officer Emeritus David Schwartz has argued that the regulator repeatedly portrayed XRP itself as a security before courts rejected that position.
The discussion unfolded on X in response to former SEC attorney Marc Fagel, who argued that the agency's legal case centered on Ripple's sales of XRP rather than on the token itself.
"To prove a violation of Sec. 5, they needed to establish Ripple sold XRP as a security; and they say exactly that," Fagel wrote. "They might have to take that on when suing exchanges, but not here."
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Schwartz disagreed, accusing Fagel of oversimplifying the SEC's position.
"I agree. The problem is that you are falsely characterizing the argument they are making as a different argument they are not making."
He specifically challenged Fagel's assertion that "their only legal argument was that Ripple sold it as a security." "But that's not true," Schwartz said. "You are ignoring the entire thrust of their argument, their statements around it, and the pushback they got from the court. This is an attempt at completely rewriting history."
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According to Schwartz, the SEC's public messaging and legal filings went well beyond alleging that Ripple conducted unregistered securities offerings.
"The complaint itself frequently refers to XRP itself as the security. The SEC's press release frequently refers to XRP itself as the security," he wrote.
Fagel acknowledged that the SEC's messaging may not have always reflected the nuances of its legal arguments.
"I'm not defending what I think was a lack of nuance in how the SEC framed its legal theories; it certainly felt like their points evolved over time," Fagel said. "But ultimately the Ripple case came down to whether it sold XRP as securities."
Schwartz countered that this framing overlooks what he considers one of Ripple's biggest courtroom victories.
"Right, but let's not forget that's because the courts soundly rejected the SEC's arguments (both to the courts and to the public) to the contrary," he wrote. "That was, correctly, understood to be a substantial victory at the time."
A three-year anniversary The exchange revisits one of the central issues surrounding the SEC's 2020 lawsuit against Ripple. Three years ago, U.S. District Judge Analisa Torres ruled that Ripple's programmatic sales of XRP on public exchanges did not constitute securities transactions, while institutional sales of XRP to sophisticated investors did violate federal securities laws.
The mixed ruling was widely viewed as a partial victory for Ripple.
The decision held that XRP itself is not a security and found that Ripple's programmatic sales of XRP on public exchanges did not constitute securities transactions. Judge Torres reasoned that retail buyers on secondary markets could not have known they were purchasing tokens from Ripple and therefore lacked a reasonable expectation of profits based on Ripple's efforts under the Howey Test.
Key Takeaways XRP currently trades near $1.09, experiencing a monthly decline exceeding 6% Large transactions exceeding $1 million on XRP Ledger plunged from approximately 70 to merely 2 Technical indicators show predominant sell signals with most moving averages positioned above current price levels Critical support zone between $1.00 and $0.95 draws intense trader focus Breaking beneath $0.90 might trigger extended downside movement toward $0.44 Ripple’s XRP currently maintains a position slightly above $1.09 on Bitstamp, though the prevailing momentum has trended downward for several weeks. The digital asset has declined 2.23% during the last 24 hours, shed 4.24% across the previous week, and dropped 6.83% throughout the past month.
XRP Price The downward trajectory traces back to August 2025, when XRP reached a swing peak of $3.66. From that point forward, the momentum has remained consistently negative.
Market participants are now intensely monitoring the $1.00 support threshold. This level represented a significant breakout point approximately two years prior, establishing its historical significance for numerous traders.
Examining the four-hour timeframe reveals XRP nearing additional support around $0.95. Technical analysts have identified what appears to be an ending diagonal formation — a chart pattern frequently associated with trend exhaustion.
Market commentator @ew-forecast observed the pattern “could signal that selling pressure is starting to mature,” while emphasizing that the overall market structure continues to display bearish characteristics without definitive reversal confirmation.
Major Holder Activity Reaches Extreme Lows Blockchain metrics are drawing considerable attention. Based on Santiment information shared by analyst Ali Martinez, daily XRP Ledger transactions valued above $1 million plummeted from roughly 70 earlier this week to a mere 2.
Whale activity on the $XRP Ledger has cooled significantly.
The number of transactions worth more than $1 million has dropped from 70 over the past week to just 2 today. pic.twitter.com/th3C7vEkT2
— Ali Charts (@alicharts) July 12, 2026
This dramatic decline doesn’t necessarily indicate major holders are liquidating positions. Rather, it suggests significant inactivity — institutional players appear to be adopting a wait-and-see approach before committing to new positions.
Open Interest metrics have similarly contracted, reflecting hesitancy among futures traders to establish aggressive directional wagers. Exchange reserve data shows a downward trajectory as well, potentially suggesting accumulation behavior, though not necessarily indicating imminent price appreciation.
Analyst Celal Kucuker shared observations on X, drawing attention to an RSI divergence pattern forming on XRP. His assessment was direct: “A strong rally could be about to begin.” While the divergence merits attention, it hasn’t yet catalyzed substantial buying interest.
Technical Readings Maintain Negative Bias TradingView’s aggregate assessment for XRP registers as Neutral, though deeper examination reveals 14 sell indicators, 10 neutral readings, and only 2 buy signals. The RSI currently measures 43.45, positioned beneath the neutral threshold of 50. The ADX registers 14.74, indicating the present trend demonstrates limited directional momentum.
Critical Price Levels Under Observation The majority of exponential and simple moving averages — spanning from the 10-period through the 200-period EMA — remain positioned above the current trading price, collectively generating sell signals. The 200-period EMA stands at $1.468, considerably above XRP’s present valuation.
Source: TradingView Significant support zones include $1.00, $0.95, $0.85, and $0.60. Should price action breach below $0.90, the subsequent substantial support level could extend as low as $0.44, according to historical drawdown patterns from earlier cycles identified by analyst Chart Nerd.
Resistance consolidates between $1.10 and $1.13, where multiple moving averages intersect.
The latest blockchain data confirms whale activity has reached historically suppressed levels for this timeframe, with only 2 substantial transactions documented on the XRP Ledger during the most recent session.
Doppler Finance and SBI Digital Finance have formed a strategic partnership to expand institutional XRP finance in Japan.
Summary
Doppler and SBI Digital Finance will build regulated institutional XRP infrastructure for Japan’s financial market. The partnership targets lending, liquidity, collateral management and tokenized assets rather than retail trading services. SBI’s broader crypto strategy includes exchanges, stablecoins, payments, rewards and institutional market infrastructure projects. The companies announced the agreement on July 13, saying they will work on digital asset infrastructure for professional market participants.
The partnership combines Doppler’s tokenized capital market systems with SBI Digital Finance’s institutional network and crypto lending experience. The announcement did not disclose financial terms, launch dates, named clients or a specific product ready for release.
Partnership targets institutional XRP infrastructure Doppler and SBI Digital Finance plan to support infrastructure for XRP and other digital assets in Japan. Their stated work areas include institutional solutions for XRP, tokenized assets and wider tokenized financial markets, subject to applicable Japanese rules. The services could target banks, funds and professional trading firms.
Doppler Finance X SBI Digital Finance
Doppler Finance and SBI Digital Finance Announce Strategic Partnership to Expand Institutional XRP Finance in Japan
The partnership brings together Doppler’s digital asset infrastructure and SBI Digital Finance’s institutional market… pic.twitter.com/pTSyxkXgYM
— Doppler Finance (@doppler_fi) July 14, 2026 The companies said institutional demand now reaches beyond custody. They expect market participants to seek systems for liquidity, financing, collateral management and better use of capital. The partnership focuses on those functions rather than retail trading or a new consumer XRP service.
SBI Digital Finance brings lending experience SBI Digital Finance operates HashHub Lending, a Japan-based service for lending crypto assets. Doppler said the company brings market relationships, risk controls and operational experience that could support products designed for institutions.
Rox, Doppler Finance’s head of institutions, said the company aims to “transform digital assets from passive holdings into productive financial capital.” The statement presents that goal as a development plan. It does not confirm that institutions can already access a new XRP lending, yield or collateral product through the partnership.
Agreement extends Doppler’s work with SBI companies The new agreement follows an earlier link between Doppler and another SBI business. In December 2025, SBI Ripple Asia and Doppler signed a memorandum to explore XRP-based yield infrastructure and real-world asset tokenization on the XRP Ledger. The partners selected SBI Digital Markets to provide institutional custody for that initiative.
The July partnership names SBI Digital Finance, a separate lending-focused company within the wider SBI network. Doppler has not explained whether the two agreements will share products, custody arrangements or customers. Both initiatives center on regulated infrastructure intended to give institutions more ways to use XRP and tokenized assets.
SBI expands Japan’s regulated digital asset network Japan already hosts a broad SBI-led XRP ecosystem. As previously reported, SBI companies have supported regulated prepaid tokens on the XRP Ledger, RLUSD distribution, tokenized bonds with XRP rewards and other payment and investment services. The latest partnership adds lending and capital-market infrastructure to that wider activity.
SBI has also expanded its exchange and institutional market reach. The group moved to acquire Bitbank after SBI VC Trade absorbed Bitpoint Japan. Separately, SBI led EDX Markets’ $76 million funding round for institutional trading, clearing and settlement infrastructure.
Related activity has also drawn XRP-focused firms toward Japan. As reported by crypto.news, Evernorth recently opened a Japanese-language presence while pursuing a planned public XRP treasury. SBI committed $200 million to the proposed transaction, although Evernorth did not announce a new Japanese license, office or product.
The Doppler partnership remains at the development stage. Neither company identified lending rates, supported assets beyond XRP, collateral terms, custody providers or an expected launch window. Future announcements will need to define the services institutions can use and the regulatory approvals required in Japan.
XRP has become the most bullish major cryptocurrency on social media, according to on-chain analytics platform Santiment.
Despite recent price weakness, retail traders are showing the highest level of fear of missing out (FOMO) in five weeks.
XRP Tops Social Sentiment Rankings Santiment Intelligence reported that XRP recorded a positive-to-negative commentary ratio of 3.02-to-1 on Monday, the highest among the three largest cryptocurrencies it tracks.
Ethereum ranked second at 2.31-to-1, while Bitcoin remained comparatively neutral at 1.40-to-1.
The firm said market sentiment has shifted away from fear, but optimism is not evenly distributed across major assets. XRP has entered what Santiment described as a “major FOMO” zone, while Ethereum shows only mild FOMO.
Bullish Sentiment Rises Despite Price Weakness The surge in bullish commentary comes even as XRP’s price and that of Ethereum have struggled to maintain recent gains. Santiment noted that Bitcoin and Ethereum started Monday’s session higher before giving back those gains. XRP also faced selling pressure despite the rise in positive social sentiment.
For context, XRP’s price reached $1.1180 three days ago but has since fallen to just above $1.05, raising the risk of dropping below $1. XRP is now down 5.56% over the past week and more than 6% over the past month.
The analytics platform warned that rising optimism during a price decline can increase short-term downside risks.
“Crypto typically moves opposite to what the crowd is loudly expecting,” Santiment said.
The firm added that excessive bullishness around XRP or Ethereum while prices are falling could delay a recovery or lead to additional selling pressure.
Unlike XRP, Ethereum’s price still maintains a positive weekly performance and is up 6.24% over the past month. However, on a year-to-date basis, ETH is down 40%, while XRP has fallen even further, declining more than 42%.
Bitcoin Cautious Mood May Be More Constructive By comparison, Santiment said Bitcoin’s more balanced sentiment could provide a healthier setup for future gains.
The firm noted that markets often have more room to rally when retail traders are not overly optimistic. Bitcoin’s lower positive-to-negative commentary ratio suggests investors remain relatively cautious, unlike the stronger retail enthusiasm surrounding XRP and Ethereum.
Santiment’s findings are based on its Positive vs. Negative Commentary Ratio, a social sentiment metric that tracks bullish and bearish discussions across major crypto-related social media platforms.
Bitcoin is currently trading at around $62,500, down 1.2% over the past week and 2.7% over the past month.
Before the latest pullback, the market had shown signs of improvement, with Bitcoin approaching $65,000. However, amid the overall cautious sentiment, the market has started to retrace once again.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple CTO Emeritus David Schwartz has challenged claims that the U.S. Securities and Exchange Commission focused only on Ripple’s sales of XRP.
Summary
David Schwartz says the SEC repeatedly portrayed XRP itself as a security during Ripple litigation. Marc Fagel argues the case ultimately tested whether Ripple sold XRP through unregistered securities offerings. The 2023 ruling separated XRP tokens from transactions, rejecting programmatic sales while penalizing institutional deals. He said the agency’s complaint and public statements repeatedly described XRP itself as a security before the court rejected parts of that broader position.
The exchange followed comments from former SEC attorney Marc Fagel, who said the case ultimately turned on whether Ripple sold XRP through unregistered securities offerings. Schwartz argued that this summary leaves out the regulator’s original language and the court’s response to it.
Schwartz disputes narrower reading of SEC case In a July 14 X exchange, Fagel said the SEC needed to prove that Ripple sold XRP as a security to establish a Section 5 violation. He added that the agency did not need to decide every secondary-market transaction in its case against Ripple.
Schwartz agreed that Ripple’s sales mattered but rejected the claim that this was the regulator’s only argument. He wrote, “The complaint itself frequently refers to XRP itself as the security.” He called the narrower retelling “an attempt at completely rewriting history.”
You are ignoring the entire thrust of their argument, their statements around it, and the pushback they got from the court. This is an attempt at completely rewriting history.
The complaint itself frequently refers to XRP itself as the security. The SEC's press release… pic.twitter.com/pjF6Ku0Jbf
— David 'JoelKatz' Schwartz (@JoelKatz) July 13, 2026 SEC complaint used broad language around XRP The SEC’s December 2020 complaint said Ripple and its executives sold more than 14.6 billion units of a “digital asset security called XRP.” The regulator alleged that the sales raised more than $1.38 billion without registration or an exemption.
The SEC’s public announcement focused on Ripple’s alleged unregistered offering and its executives’ personal sales. Fagel later acknowledged that the agency’s messaging lacked nuance and that its points appeared to change during the case. He maintained that the final legal question concerned Ripple’s XRP transactions.
Court separated the token from each transaction Judge Analisa Torres drew a distinction between XRP and the contracts or schemes used to sell it. Her July 2023 order said XRP, as a digital token, was not “in and of itself” a contract, transaction or scheme that met the Howey test.
The court then reviewed Ripple’s sales by category. It found that about $728.9 million in direct institutional sales constituted unregistered investment contracts. Programmatic exchange sales did not meet the same test because buyers did not know whether Ripple or another holder sold the tokens.
Ripple case ended with split ruling intact The SEC and Ripple dismissed their appeals in August 2025, formally ending the civil case. The final judgment kept a $125.04 million penalty and a permanent injunction tied to future unregistered institutional sales.
Notably, the XRP community marked July 13 as the third anniversary of the 2023 ruling. The decision protected Ripple’s programmatic exchange sales while leaving its institutional transactions subject to securities law.
Related reporting showed that Ripple considered closing after the SEC filed its complaint. The company continued the case and spent about $150 million on its legal defense, according to Ripple executives, as reported by crypto.news.
Schwartz said the court’s rejection of the SEC’s broader position formed a major part of Ripple’s victory. Fagel said the outcome still centered on whether Ripple’s sales qualified as securities transactions. Their exchange reflects a lasting dispute over the agency’s legal burden, public wording and the ruling that followed. That distinction still shapes how XRP’s legal history is described.
Ripple Chief Legal Officer Stuart Alderoty commemorated the third anniversary of the company’s pivotal court victory, emphasizing, “Happy XRP IS NOT A SECURITY Day.” Ripple Labs, the blockchain-based payments company that created XRP, spotlighted this milestone as one of the most influential legal moments in the cryptocurrency industry.
Landmark SEC lawsuit shapes US crypto regulationThe anniversary marks three years since US District Judge Analisa Torres ruled on July 13, 2023, in the Securities and Exchange Commission’s (SEC) case against Ripple. Judge Torres rejected the SEC’s broad assertion that XRP, the digital asset at the center of the dispute, was itself a security.
The court differentiated between the sale of XRP and the token itself, concluding that programmatic sales of XRP on public exchanges did not constitute securities transactions. Buyers in those transactions had no direct connection to Ripple, nor a reasonable expectation of profits based solely on Ripple’s actions.
However, Judge Torres found that Ripple’s institutional sales of XRP did violate securities laws, based on how they were marketed and sold to sophisticated buyers. Despite this, the judgment clarified that XRP itself is not, by default, a security.
This dual finding created a significant precedent in US crypto regulation, weakening the SEC’s broader strategy of treating most digital assets as securities and affecting ongoing and future regulatory cases.
The outcome also increased pressure on US lawmakers to deliver comprehensive cryptocurrency regulation, with industry voices intensifying calls for Congress to define clear rules, rather than relying on enforcement-led or litigation-based approaches.
Judge Torres specified that “Ripple’s programmatic sales of XRP did not result in an investment contract,” underscoring that the nature of the transaction, not the token itself, determines whether securities laws apply.
XRP holders and legal advocacy highlightedCrypto attorney John Deaton, known for representing digital asset investors, acknowledged the critical support over 75,000 XRP holders provided throughout the lengthy SEC case. Their advocacy aided Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen as they defended against regulatory scrutiny.
Judge Torres cited Deaton’s amicus brief and referenced nearly 4,000 affidavits submitted by XRP holders, highlighting tangible community involvement in the legal proceedings.
Deaton also noted that his arguments, previously raised in the LBRY case, were echoed by the judge. In his submission for Ripple, Deaton stressed that digital tokens such as XRP merely represent lines of code and do not, by themselves, meet the definition of a security.
Three years following the decision, the Ripple case stands as a cornerstone in US crypto legal history, heavily influencing debates about the regulatory status of digital assets across the financial sector.
Deaton emphasized that recognizing XRP as software code rather than a security set a transformative standard for how courts and regulators approach digital tokens in the US.
Mini dictionary: Amicus brief: A legal document submitted to a court by someone who is not a party to the case, offering information or expertise relevant to the issues being considered.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin's more balanced sentiment stands in contrast to the growing enthusiasm surrounding Ethereum and XRP.
ETH and XRP traders have become notably more optimistic, with market intelligence firm Santiment reporting the highest levels of fear of missing out (FOMO) for both assets in the past five weeks.
The change in tune has come even with prices struggling to build sustained momentum, raising the possibility that bullish sentiment may be running ahead of market performance.
XRP Leads Sentiment Spike While BTC Stays Balanced According to a July 13 X post by Santiment, XRP’s bull-to-bear ratio sat at 3.02, meaning that there were more than three positive posts online for every negative one. Ethereum wasn’t far behind at 2.31, placing it in what the analytics platform described as “slight FOMO territory.” As for Bitcoin (BTC), it posted a much lower 1.40, suggesting that traders were relatively neutral about it.
Both BTC and ETH opened relatively strong on Monday but faded as the day went on, with Santiment pointing out that crowds tend to get loud at the wrong moment.
“Crypto typically moves opposite to what the crowd is loudly expecting,” the firm wrote. “When traders get too bullish on XRP or ETH while prices are already dipping, it can create short-term downside risk or at least slow the rebound.”
However, it argued that Bitcoin’s flatter reading may give it more room for a rally since the crowd hasn’t fully bought into the “higher prices next” trade yet. This assessment was echoed by trader Xaif Crypto, who also argued that BTC’s calmer sentiment “means more room to run,” while the heavier optimism surrounding XRP and ETH could limit their immediate recovery.
Looking at the price actions of the three assets, XRP had slipped below $1.08, a resistance level highlighted by analyst Cryptorphic, and was trading around $1.07 at the time of writing, a roughly 5% drop in the last seven days and almost 7% over the past month. According to the analyst, the token is quite vulnerable as long as it trades beneath $1.08, with even lower prices seeming likely.
On its part, ETH has held up better and was trading closer to $1,800 than $1,700, having gained a modest 1% over one week and more than 6% in the last 30 days. It did move briefly above $1,800 over the weekend before pulling back, although several market watchers have expressed optimism that the current level could see the asset push up to $2,500.
You may also like: Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset South Korea Stock Crash Could Drag Bitcoin Below Key Support: Analyst Meanwhile, Bitcoin dipped slightly in the last day after starting July rather strongly when it rebounded from around $57,700 to $64,000. It is currently changing hands below $63,000, with wallets holding between 10,000 and 100,000 BTC adding 11,000 BTC in the last week, suggesting that dip demand hasn’t dried up despite weeks of choppy trading.
Optimism Faces Mixed On-Chain and ETF Signals While traders have become excited about XRP, the asset has had to contend with cooling institutional and whale activity, marked by spot XRP ETFs recording their first week of net outflows in more than 2 months.
Furthermore, on-chain data also showed a significant drop in XRP transactions of more than $1 million, which have gone from 70 to only 2 in about a week, while wallet creation on the XRP Ledger has also slowed compared with earlier in the year.
Ripple (XRP) and Stellar (XLM) remain under pressure, extending their correction on Tuesday amid broader risk-off conditions following US-Iran tensions. XRP slips below $1.070, while XLM hovers near the critical support at $0.177; both altcoins suggest deeper correction amid geopolitical risks and a deteriorating technical outlook.
Risk-off sentiment weighs on XRP and XLMThe United States Central Command (CENTCOM) said on Tuesday that US forces completed new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East, Reuters reported.
The source said that it struck military targets across Iran, including Bushehr, Chabahar, Jask, Konarak, Abu Musa, and Bandar Abbas.
Meanwhile, Iran's Nournews confirmed that areas of southern Iran's Bushehr were hit in a renewed US attack.
In addition, the Iranian Islamic Revolutionary Guards Corps (IRGC) said on the same day that two "offending supertankers" were hit and disabled in the Strait of Hormuz. IRGC said that the tankers ignored warnings, turned off their navigation systems, and tried to pass through a 'mined route.’
The Iranian military said that cooperation with the 'aggressor enemy' in the critical waterway will delay reopening of the waterway and create a global energy crisis.
Global markets continued the week on a risk-off footing as renewed tensions between the US and Iran dampened investor sentiment. Rising geopolitical uncertainty pushed West Texas Intermediate (WTI) crude oil prices above $80 per barrel, while risk assets such as XRP and XLM came under pressure, slipping below $1.070 and $0.180, respectively, on Tuesday.
Derivatives data shows a bearish biasDerivatives metrics show a bearish bias for Ripple and Stellar. XRP’s futures Open Interest (OI) dips to $2.35 billion on Tuesday, having fallen steadily since a mild rise in early July and now remaining in a broader downward trend.
During the same period, XLM’s OI drops to $180.95 million, having fallen steadily since a sharp rise in June. These declines in OI alongside falling prices suggest a bearish outlook.
XRP open interest chart. Source: Coinglass
XLM open interest chart. Source: CoinglassIn addition, XRP and XLM funding rates flipped negative on Monday, reading -0.0031% and -0.0021%, respectively, and remained negative on Tuesday, indicating bearish sentiment.
XRP funding rates chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassXRP technical outlook: Bears aiming for the $1 psychological supportXRP trades at $1.065 on Tuesday, extending its decline below all key Exponential Moving Averages (EMAs) and retaining a bearish near-term bias. The 50-day EMA at $1.157, together with the 100-day EMA at $1.257 and the more distant 200-day EMA at $1.463, sit overhead as successive trend resistances that cap the upside.
Momentum is mixed but tilted lower, as the Relative Strength Index (RSI) at 39 remains in bearish territory, while the Moving Average Convergence Divergence (MACD) indicator hovers just above zero with a marginally positive line, suggesting only tentative stabilization rather than a clear recovery.
On the topside, initial resistance is seen at the 50-day EMA near $1.157, followed by the 100-day EMA at $1.257 and the horizontal barrier at $1.300; beyond that, the 200-day EMA at $1.463 and the major resistance zone around the $1.900 mark are deeper recovery targets.
On the downside, immediate support emerges around the current trading area, with the parallel channel level clustered near $1.050. At the same time, a break lower would expose the psychological and structural floor at $1.000, where buyers are likely to attempt to reassert demand.
XLM technical outlook: Momentum indicators turn bearishXLM trades at $0.179 on Tuesday, holding below the 50-day, 100-day and 200-day EMAs at $0.190, $0.186 and $0.196, respectively, which keeps the near-term bias bearish.
The RSI at 41 suggests weak momentum, while the MACD remains in negative territory, hinting that rallies are likely to be capped by the clustered EMAs and Fibonacci resistance overhead.
On the downside, initial support appears at the horizontal level around $0.177, followed by the 78.6% Fibonacci retracement at $0.173, with a deeper floor near $0.142.
On the topside, a first hurdle is the 100-day EMA at $0.186, ahead of the 50-day EMA at $0.190 and the 200-day EMA at $0.196; above these, the 61.8% Fibonacci retracement at $0.200 and the mid-range 50% retracement level at $0.218 define subsequent resistance, before $0.237 and $0.260 come into play as higher Fibonacci barriers.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Leading cryptocurrencies slid alongside stocks on Monday after President Donald Trump floated full U.S. control over the Strait of Hormuz and a reimbursement fee on all cargo passing through.
Increased Selling PressureBitcoin tumbled below $62,000 as trading volume doubled over the last 24 hours to $37.15 billion.
Ethereum also experienced high volatility, with the second-largest cryptocurrency fluctuating between a low of $1,749.35 and a high of $1,812.94. XRP and Dogecoin extended their losses.
Over $360 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest, meanwhile, rose 2.24% over the last 24 hours. An increase in open interest combined with a price decrease indicates a short build-up, meaning new traders are actively shorting the asset.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
Stocks Stutter On Iran DevelopmentsStocks ended in the red on Monday. The Dow Jones Industrial Average slid 138.37 points, or 0.26%, to close at 52,498.64. The S&P 500 lost 0.79% to end at 7,515.34, while the tech-heavy Nasdaq Composite dipped 1.55% to finish at 25,873.18.
Tensions worsened after Trump reinstated the blockade of Iranian ships passing through the Strait of Hormuz. He also stated that the U.S. is considering taking control of the critical oil shipping point permanently in exchange for a 20% fee on cargo.
Whales Are Scooping Bitcoin?Ali Martinez, a widely followed cryptocurrency analyst and trader, highlighted that Bitcoin’s Accumulation Trend Score—an indicator measuring whether entities are buying or selling BTC—has stayed near 1 since June.
“A reading near 1 suggests that whales—or a large share of the network—are actively accumulating Bitcoin,” the analyst added.
“A healthier distribution of USDT and USDC can make crypto markets more resilient,” Santiment added. “Rather than idle capital waiting for a few whales to act, it’s a sign that stablecoin firepower is becoming more decentralized.”
Photo: KateStock / Shutterstock
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Major altcoins in the crypto market, such as Ripple (XRP), Cardano (ADA), and Solana (SOL), are trading in the red on Tuesday, extending their 2% to 3% decline from the previous day. The technical outlook for XRP, ADA, and SOL shows a near-term bearish bias, with prices trending below their respective 50-day Exponential Moving Averages (EMAs).
XRP remains vulnerable to deeper lossesXRP nears the $1.00 psychological threshold at press time on Tuesday, maintaining a steady decline as the 50-day EMA and a declining resistance trendline capped recovery around $1.18 on July 4. XRP maintains a clear bearish configuration, heading toward the recent swing low of $1.00 from June 26.
From a technical perspective, a potential slip below $1.00 could target the 127.2% and 161.8% Fibonacci extension levels at $0.94 and $0.86, respectively, measured over the $1.29 to $1.00 downswing.
Momentum is losing strength on the daily chart, with the Relative Strength Index (RSI) at 39, reflecting a downward trend, while the Moving Average Convergence Divergence (MACD) risks crossing below its signal line as buying pressure wanes.
XRP/USDT daily price chart.On the topside, initial resistance is seen at the overhead trendline near the 50% retracement at $1.14, reinforced by the 50-day EMA at $1.15.
Cardano at risk of erasing early July gainsCardano trades in the red on Tuesday, maintaining a near-term decline over the last 10 days. The 50-day EMA at $0.1802, well below the 200-day EMA at $0.2812, keeps the altcoin capped in the short term.
The RSI at 40 has dipped below its midline, hinting at renewed downside momentum, while the MACD and signal line risk a bearish crossover amid flattening histogram bars.
On the downside, the swing low at $0.1385 from June 26 emerges as the crucial support level in sight.
ADA/USDT daily price chart.Looking up, the 50-day EMA at $0.1802 remains a key dynamic barrier, guarding the upside to the $0.2000 psychological threshold.
Solana drops below its 50-day EMA amid mounting selling pressureSolana trades below $75.00 at press time on Tuesday, keeping a bearish near-term tone as it holds beneath the 50-day EMA at $76.66 and the 200-day EMA at $97.65. From a technical perspective, the key support for SOL is at the $67.50 horizontal level, which helped trigger a rebound on June 26.
The MACD has crossed below its signal line, triggering a fresh wave of bearish histograms, while the RSI at 46 falls below the midline. Taken together, they suggest waning buying pressure as sellers regain strength.
SOL/USDT daily price chart.On the flip side, initial resistance is at the 50-day EMA near $76.63, followed by the longer-term 200-day EMA at $97.65.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
After the SEC fight, Ripple bounced back with new deals, acquisitions, tokenization efforts, and XRP ETFs.
It has been three years since Judge Analisa Torres delivered her landmark ruling that Ripple’s programmatic sales of XRP on crypto exchanges did not constitute securities transactions. This decision remains one of the most important legal moments in the history of the industry that had long been vilified by regulators.
Issued on July 13, 2023, the ruling distinguished between XRP sold to institutional investors, which the court found violated securities laws, and tokens sold on public exchanges, which it said did not constitute securities transactions.
The decision triggered an immediate market reaction. The asset, for one, soared more than 70% in a single day as major US exchanges such as Coinbase, Kraken, and Gemini quickly relisted it after previously suspending trading following the SEC’s lawsuit.
The token staged a powerful rally in late 2024 and subsequently climbed above $3 in early 2025 before it tapped a new ATH in July that year. Although XRP later gave up part of those gains amid a broader market downturn, it stood above $1 on the ruling’s third anniversary.
Following the Torres ruling, Ripple continued expanding beyond XRP and launched its US dollar-backed stablecoin, RLUSD, in December 2024.
From Partnerships to Acquisitions Ripple partnered with African payments network Onafriq to facilitate cross-border payments between Africa and the rest of the world, using Ripple Payments months after the ruling. The following year, the company added the Axelar Foundation to its growing roster of strategic partners to support interoperability within XRP Ledger (XRPL).
It partnered with Clear Junction to ramp up euro payment rails for Ripple Payments and improve payout capabilities across Europe as well. Later that year, it collaborated with Archax to bring tokenized RWAs onto the XRPL. Ripple also worked with OpenEden to bring tokenized US Treasury bills to the network.
You may also like: The End of a Ripple Era: XRP ETFs Record First Red Week In Months XRP Stalls at $1.10: Could Quiet On-Chain Activity Be the Calm Before a Bigger Move? XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate In 2025, South Korean institutional custody firm BDACS signed a strategic partnership with the company. An alliance was also made with the tokenization platform Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. Meanwhile, BNY Mellon was appointed the primary custodian for RLUSD reserves.
On the acquisitions front, Ripple first announced the purchase of Standard Custody & Trust Company to strengthen its regulatory compliance. The acquisition officially closed in June 2024.
The next major acquisition came in April 2025 with the $1.25 billion purchase of global prime broker Hidden Road. The transaction expanded the company beyond payments into institutional prime brokerage, clearing, and financing, while positioning RLUSD and the XRP Ledger at the center of Hidden Road’s post-trade infrastructure.
Entering the ETF Era The Torres ruling also paved the way for XRP’s entry into the US exchange-traded fund market in a major milestone for institutional adoption. While several asset managers, including Bitwise, Franklin Templeton, Grayscale, Canary Capital, and 21Shares, filed applications for spot XRP ETFs over the following months as regulatory clarity around the asset improved, the products did not begin launching until late 2025.
Since they went live, these funds have dominated crypto ETF flows and have only recently suffered a setback. So far in July, XRP ETFs have recorded an outflow of $2.50 million after an impressive nine-week green-only streak.
President Donald Trump on Monday said the United States is “taking over” the Strait of Hormuz and countries “must pay” the US for defending. As a result, Brent crude oil prices extend gains above $79 per barrel, causing the crypto market and Bitcoin price to crash lower.
US Will Defend Strait of Hormuz, Expects Payment in Return: Trump President Donald Trump said the U.S. will guard the Strait of Hormuz and expects countries to pay them. It sent Brent crude oil above $79 per barrel, triggering further selloffs across stock and crypto markets on July 13.
“We’re taking over the Strait. They have nothing… yesterday, they had an 11-hour meeting… and everything was agreed to yesterday, and they leave the room, and they call back and they say, ‘we had to make a couple of change,” said President Trump.
Trump also issued a sharp warning to Iran following the collapse of the ceasefire. He added that U.S. forces carried out major strikes overnight that destroyed key Iranian military equipment.
Oil prices climbed nearly 4% on Monday as the US and Iran continued to exchange strikes amid ongoing tensions over the Strait of Hormuz’s control. Iran also declared the strait closed, but it was rejected by the US Central Command.
As geopolitical tensions escalate and major economic decisions loom, trading volumes are surging on the best crypto prediction markets as participants bet on real-world outcomes.
Bitcoin Price and Broader Crypto Market Crash Bitcoin price extended losses, tanking more than 3% over the past few hours. The price is currently trading at $62,389. The 24-hour low and high are $62,120 and $64,340, respectively.
Crypto market crashes further after Trump’s comments to take over the Strait of Hormuz, wiping out $20 billion from the market. Top altcoins Ethereum, XRP, BNB, Solana, Hyperliquid, Zcash and Cardano recorded 2-6% fall during the crypto market crash.
According to Coinglass data, the crypto market crash saw nearly $40 million in liquidations across Bitcoin, ETH, SPCX, SOL, SNDK, HYPE, MU, and XRP. Notably, 73k traders were liquidated in the past 24 hours. The largest single liquidation order of XYZ:SKHX valued at $4.86 million happened on Hyperliquid.
Traders are now awaiting the US CPI inflation data and Fed Chair Warsh’s testimony due Tuesday for clues on the Federal Reserve’s monetary policy path.
A new Treasury-backed report has placed Ripple, a provider of blockchain-based payment solutions, at the center of the United Kingdom’s strategy to move wholesale financial markets onchain. The ambitious plan seeks to bring tokenized repos, fixed income products, and funds from experimental sandboxes into live trading environments within the next 12 months.
Hybrid blockchain models and settlement risksChris Woolard, who serves as the UK’s wholesale digital markets champion, outlined in the report a hybrid approach for blockchain adoption. This proposed model combines permissioned institutional networks built atop permissionless public blockchains, aiming to leverage the liquidity benefits of open networks while maintaining stricter compliance controls for institutional players.
The report acknowledged that while public blockchains enable greater access and shared liquidity, they also carry risks related to transaction finality. Specifically, unanticipated chain reorganizations can potentially reverse previously confirmed transactions, introducing settlement uncertainty that does not typically occur in traditional market infrastructure.
Examples such as BlackRock’s BUIDL money market fund, issued on Ethereum with a compliance layer provided by Securitize, were cited to showcase integration of traditional finance with blockchain technology.
Mini dictionary: Tokenized repo: A digital version of a repurchase agreement traded and settled using blockchain, designed to increase settlement speed and reduce operational risks in the money market.
Ripple’s growing role in UK financial innovationRipple has become a prominent member of the task force guiding this transformation. The firm, which specializes in blockchain-based cross-border payment technology, is described in the report as a credentialed player driving the process rather than a disruptive upstart. Its $1.25 billion acquisition of Hidden Road, now known as Ripple Prime, reflects efforts to bridge traditional financial services with digital assets. Hidden Road holds both investment firm licenses and cryptoasset registration from the Financial Conduct Authority (FCA), supporting a broad range of spot and derivatives trading activities in forex and digital asset markets.
Santander UK’s integration of Ripple’s blockchain tech for international payments was cited as another example of established banks adopting blockchain. Santander operates as the customer-facing institution, while Ripple’s technology underpins the movement of funds.
Ripple’s involvement with both institutional-grade licensing and real-world use cases, including its prime brokerage and cross-border payment solutions, demonstrates the convergence between traditional finance and digital asset sectors.
Regulatory developments and global comparisonsThe report projects that upgrading the UK’s market infrastructure could raise the nation’s annual economic output by £33 billion ($44 billion) and boost annual tax revenues by £14 billion over the next decade, underscoring blockchain’s potential economic impact.
Woolard indicated that both the US and UK are targeting comprehensive stablecoin regulations for 2027. However, the UK is moving ahead in the wholesale space, as progress in the US has slowed due to legislative delays, such as the Clarity Act remaining stalled.
Currently, the FCA supervises crypto companies under anti-money laundering requirements. Expanded oversight is slated to begin when new rules under the Financial Services and Markets Act (FSMA) go into effect. The application window for registration under FSMA opens on September 30, with new regulations taking effect in October 2027.
Despite new rules, the report pointed out that the UK’s crypto company authorization process remains slower than the US. In contrast, the US Securities and Exchange Commission granted the Depository Trust Company a three-year pilot in December 2025 to run live tokenization projects immediately, rather than operating in test environments.
The report highlights that as traditional financial institutions and crypto-native firms converge, robust licensing and pragmatic regulation are becoming critical to maintaining the UK’s competitive edge in digital markets.
CountryRegulatory focusKey dateRegulatory bodyUKComprehensive stablecoin and wholesale digital marketsOctober 2027FCAUSStablecoin regulation (Clarity Act stalled), tokenization pilotsDecember 2025 (pilot starts)SECComing trends and industry participationOther industry news highlighted in the same period includes BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley participating in the UK government’s tokenization taskforce, further signaling robust institutional interest in the market’s transition onto blockchain infrastructure.
Crypto exchanges also reported a resurgence in activity. Centralized exchange (CEX) trading volumes rose in June for the first time in five months, with spot trading up 15.3% to $1.11 trillion and real-world asset perpetual volumes reaching a record $311 billion.
Meanwhile, ongoing geopolitical risks continue to impact market dynamics, as renewed hostilities between the US and Iran weighed on bitcoin’s performance despite strong demand reflected in ETF inflows.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The UK government has assembled a 54-member industry task force to advance the adoption of tokenization within the country’s wholesale financial markets. The group brings together major crypto firms including Circle, Ripple, and Coinbase alongside leading global financial players such as BlackRock, Goldman Sachs, J.P. Morgan, and Morgan Stanley.
Task force goals and structureChris Woolard, who took on the role of HM Treasury’s Wholesale Digital Markets Champion in April 2026 after serving as interim chief executive of the Financial Conduct Authority (FCA), introduced the task force in his first official report to Chancellor Rachel Reeves on July 13. The City of London Corporation is coordinating the task force, working with organizations such as TheCityUK, UK Finance, the Investment Association, and Innovate Finance.
The task force aims to build and deliver live, end-to-end use cases, starting with tokenized repo transactions over the next 12 months. Nine action groups within the task force will establish standards across priority segments of the market value chain.
The investor-oriented division of the City of London Corporation, The Global City, indicated that the first live trial of the repo use case is expected by spring 2027, with expansion to commodities and other asset classes under consideration later in the year.
Integration of crypto and traditional financeThe task force’s extensive roster goes beyond Wall Street institutions. Included on the stakeholder list are crypto and blockchain companies such as Circle, Ripple, Coinbase, Kraken’s Payward entity, Chainalysis, Fireblocks, Ctrl Alt, Digital Asset Holdings (the team behind the Canton Network), GFO-X, Ubyx, SLIX, Tokenovate, and Wintermute.
These firms will work alongside major financial institutions like HSBC, Barclays, UBS, Citi, State Street, the London Stock Exchange Group, and DTCC.
By bringing stablecoin issuers and cryptocurrency exchanges together with established banking giants, the initiative seeks to bridge the traditional and digital financial infrastructure often viewed as competitors.
Kirit Bhatia, chief digital assets officer at Banking Circle, noted that “the harder problem is plumbing, not issuance,” adding that payment infrastructure must support real-time settlement, cross-border movement, regulated money forms, and interoperability among stablecoins, tokenized deposits, and fiat payment systems.
Bhatia emphasized that “without it, digital assets risk becoming faster at the edges but still constrained by the legacy plumbing underneath.”
Mini dictionary: Tokenized repo, a form of repurchase agreement transaction that uses blockchain technology to tokenize the securities and cash flows, aims to improve speed, transparency, and efficiency compared to traditional repo markets.
Economic impact and projectionsWoolard’s report references a forecast from Boston Consulting Group that projects the tokenized real-world asset market could reach $88 trillion by 2035, compared to approximately $3 trillion in the current crypto and stablecoin market.
MetricCurrent Value (2026)Projected Value (2035)Total crypto and stablecoin market$3 trillion–Tokenized real-world asset market–$88 trillionUK additional annual economic output–£33 billionUK annual tax revenue–£14 billionFor the UK, the report anticipates a potential annual economic boost of up to £33 billion and an additional £14 billion in annual tax revenue by 2035.
Woolard characterized the competition between regions as “a network game” and cautioned that the UK’s leadership in the digital asset sector is not guaranteed. He suggested that the country “must move at the speed of the most agile players.”
Chancellor Rachel Reeves said that maintaining the UK’s lead in global finance will require “harnessing technologies like tokenisation,” while City of London Corporation Policy Chairman Chris Hayward described the initiative as an opportunity to “lead a digital Big Bang in financial services.”
Next steps for the initiativeThe task force’s work builds on previous projects, including DIGIT, the UK’s Digital Gilt instrument, a tokenized form of government bond. The first DIGIT is projected to launch in the first quarter of 2027 within the Bank of England and FCA’s Digital Securities Sandbox.
Feedback on Woolard’s report is open until September 4, 2026. Final membership for the nine action groups is scheduled to be confirmed by the end of September, with a second report to the Chancellor set for July 2027.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple CEO Brad Garlinghouse says his company holds a substantial amount of XRP and cares deeply about the token’s future, but he draws a hard line when it comes to control. Speaking at the KU School of Business, Garlinghouse explained why he believes XRP was never the kind of asset the SEC accused it of being.
No company, no control
Garlinghouse says XRP looks more like Bitcoin than a security tied to a company. Unlike Ripple’s own shares, which came from private funding rounds in 2012, 2015, and 2016, XRP carries no ownership stake in the business. “There’s Ripple, cares about a lot. We own a lot of XRP, but we can’t control it because it’s open source,” he said.
That distinction sat at the center of the SEC’s 2020 lawsuit, which accused Ripple of selling unregistered securities. Garlinghouse pushed back hard on the characterization, arguing that XRP functions nothing like traditional company stock. “That’s owning Apple stock,” he said of what a real security looks like. “It wasn’t even close.”
Meetings that never raised a red flag
Garlinghouse met the SEC four times between 2017 and 2019 without a lawyer once. He said he saw no need for legal representation at the time, since he was simply explaining how Ripple’s technology worked. Not once, he said, did anyone at the agency warn him that XRP might be classified as a security.
That silence became a sore point once the lawsuit landed. The SEC sued both Ripple and Garlinghouse personally in 2020, tied to XRP he had sold as an individual. He called the timing distasteful, and even unethical, especially after the agency later offered to drop his personal case while continuing to pursue the company. The SEC agreed to drop his own case but not the one filed against Ripple itself.
A costly fight, and a shift after 2020
That four year legal fight with the SEC cost Ripple roughly $150 million. Ripple ultimately won the case, though the agency’s leadership at the time signaled plans to appeal. Garlinghouse said the environment shifted after a new SEC chair took office, one he described as far more constructive toward the crypto industry.
He tied the entire episode back to a broader argument he has made for years: that most people in crypto want clear rules, not a fight after the fact.
Story Ends Here
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XRP (CRYPTO: XRP) attorney John Deaton on Sunday said the SEC sued Ripple executives individually to force a faster settlement, calling it a deliberate intimidation campaign that reached their families.
How Far Did The SEC’s Intimidation Tactics Actually Go?Deaton argued on X that former SEC Chair Jay Clayton explicitly stated in a prior interview that suing individual executives, even in non-fraud cases, gives the government settlement leverage over the company.
“When the full weight and force of the United States Government comes after you, I don’t care who you are — it can be quite intimidating,” Deaton wrote. “That’s why Clayton did it.”
Prosecutors attempted to subpoena every credit card and bank statement belonging to Brad Garlinghouse and co-founder Chris Larsen, including records from their wives and family members, despite both executives having already handed over every XRP transaction ever made.
The judge shut that request down.
Deaton identified those same prosecutors as the team an appellate court later described as “arbitrary and capricious” and the same lawyers sanctioned in the Debt Box case for committing fraud upon the court.
The SEC complaint was drafted in a fraud-like style despite the agency never alleging fraud, a tactic Deaton said was designed to pressure the defendants into settling.
The same team lied to the court, claiming Deaton had threatened to beat up SEC staff, and asked the court to bar him from serving as amicus counsel on behalf of 75,000 XRP holders.
However, Garlinghouse and Larsen refused to settle through all of it, winning the case with those 75,000 holders behind them.
From Delisted To Institutional: How XRP Survived The SECRipple fought through four years of litigation and roughly $150 million in legal fees. A federal judge ultimately ruled that XRP itself was not a security and that programmatic sales on exchanges did not constitute securities transactions.
CEO Brad Garlinghouse revealed last week that Ripple had come close to shutting down entirely and distributing its XRP holdings to shareholders before choosing to fight.
Ripple has since secured licenses across multiple jurisdictions and expanded its U.S. operations, with banks actively building on its payments infrastructure.
XRP Price Update: Key Levels to WatchWhale activity on the XRP Ledger dropped sharply as crypto analyst Ali Charts noted on Monday.
Transactions worth more than $1 million fell from 70 over the past week to just 2 on Monday.
XRP is sitting below its 20-day EMA at $1.1044 and 50-day EMA at $1.1606. Meanwhile, buyers have repeatedly defended the $1.03 to $1.05 support zone, but the falling trendline keeps producing lower highs.
Key levels for XRP: $1.03 — losing this on a daily close confirms a breakdown and opens $1, then $0.95 $1.10 — first level XRP needs to reclaim to break the descending trendline Image: Shutterstock
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Ripple CEO Brad Garlinghouse recently shared that in the wake of the US Securities and Exchange Commission’s (SEC) 2020 enforcement action, he and co-founder Chris Larsen carefully evaluated shutting down the organization and allocating its extensive XRP reserves directly to equity holders. This alternative would have involved winding up operations and transferring tokens on a proportional basis before formally dissolving the entity.
Speaking to a live audience of students and alumni, Garlinghouse described the period as one filled with profound uncertainty.
He characterized the dissolution route as potentially the less complicated choice when squaring off against a regulatory body possessing seemingly unlimited resources and authority.
By eliminating the corporate defendant and redistributing holdings, the company could have left the lawsuit without a target, effectively concluding the matter.
The plan under discussion centered on Ripple’s substantial XRP treasury.
Distributing these assets to shareholders proportionally and ceasing business activities would have removed any ongoing corporate involvement with the token in a legal sense.
This approach reflected the intense pressure the firm faced amid allegations concerning unregistered securities offerings.
Despite the appeal of an immediate resolution, the leadership team ultimately decided against it.
Garlinghouse noted that closure would have resulted in significant job losses for hundreds of employees, an outcome viewed as undesirable even if strategically simpler at the time.
Instead, Ripple committed to a full legal defense, investing substantial resources—approximately $150 million—over several years while navigating an unpredictable regulatory landscape.
This perseverance yielded important milestones. A notable 2023 court decision established that XRP does not constitute a security when sold on secondary markets.
The dispute reached resolution in 2025 through a settlement that included a $50 million civil penalty and limitations on future institutional sales practices.
These developments provided much-needed regulatory clarity for the firm and the broader digital asset sector.
Garlinghouse’s reflections, shared during an engaging discussion at his alma mater, highlight the personal and professional challenges inherent in pioneering blockchain-based financial solutions.
The choice to fight preserved talent, sustained innovation in cross-border payments, and allowed the company to secure numerous international licenses.
Ripple has since advanced initiatives around tokenization, stablecoins, and enterprise blockchain applications, demonstrating resilience forged through adversity.
The disclosure offers valuable insight into decision-making during one of crypto’s most scrutinized regulatory confrontations.
It illustrates how founders balanced short-term survival options against long-term vision for industry utility and adoption.
Many in the ecosystem faced similar pressures, underscoring the high stakes of operating at the intersection of technology and evolving financial oversight.
Today, with enhanced policy direction and global partnerships, Ripple continues building infrastructure for efficient value transfer.
Garlinghouse’s account serves as a testament to strategic conviction, showing how steering through crisis can strengthen an organization’s foundation for future growth.
It also encourages the current / ongoing dialogue about balanced regulation that supports responsible innovation without stifling progress. This episode now remains a compelling case study in entrepreneurial leadership under regulatory duress, reminding stakeholders of the determination required to advance transformative financial technologies.
Ripple XRP remains above the key psychological level of $1, though analysts are watching whether buyers can sustain this threshold following a sharp drop in high-value whale transactions. The cryptocurrency has seen selling pressure ease on shorter timeframes, but broader technical signals still support a cautious view.
XRP price tests critical support zoneCurrently, XRP trades around $1.09 on Bitstamp, reflecting a modest daily gain of approximately 0.18%. Despite the minor uptick, the coin has remained under downward pressure in recent weeks, creating a fragile market outlook.
Market observers note that XRP is gradually moving closer to the $1.00 support level, a zone that acted as a significant breakout point nearly two years ago. Many traders see this area as the first meaningful line of defense where buying could return.
On the four-hour chart, attention is also focused on potential support around $0.95. Technical analysts identify an emerging ending diagonal pattern, often linked with trend exhaustion, as XRP trends lower.
@ew-forecast, a widely followed market analyst, indicated this formation may suggest selling pressure is maturing, but emphasized that the broader market structure remains bearish until a confirmed reversal appears.
XRP is gradually approaching a significant support zone near $1.00, an area which once served as the foundation for a large breakout nearly two years ago. Many traders are eyeing this level as the first meaningful support where buying interest could re-enter the market.
A persistent drop below $0.90 could invalidate near-term reversal prospects and potentially trigger a deeper price correction for XRP.
Sharp decline in whale transactions on XRP LedgerOn-chain data reveals a significant reduction in activity from large XRP holders. Santiment’s analytics, as shared by Ali Martinez, show that daily XRP Ledger transactions exceeding $1 million have plunged from nearly 70 earlier in the week to only 2 in the most recent session.
The falloff does not necessarily signal heavy selling. Instead, it highlights that major investors are currently less active in the market.
Periods marked by lower whale activity often coincide with sideways price movement or subdued volatility, but may also indicate that large holders are waiting for clearer signals before deploying capital.
Since whale wallets influence both liquidity and market sentiment, traders closely monitor such flows as potential clues to institutional moves and accumulation patterns.
Mini dictionary: Santiment, an on-chain analytics platform, provides real-time insights into cryptocurrency network activity, tracking wallet movements and transaction sizes to help investors interpret market trends.
Technical signals and trend indicatorsAccording to TradingView’s latest technical summary, XRP holds a Neutral overall rating, although the detailed breakdown leans bearish. The platform currently shows 14 Sell signals, 10 Neutral, and 2 Buy indications, with both weekly and monthly timeframes maintaining a bearish stance.
Momentum indicators are split: the Relative Strength Index (RSI) stands at 43.45 (Neutral), Stochastic %K is at 42.36 (Neutral), and the Commodity Channel Index (CCI) reads +8.11 (Neutral). The Average Directional Index is low at 14.74, and the Awesome Oscillator posts -0.018, both in Neutral territory. The only Sell among oscillators is Momentum (10) at -0.047, while the MACD (12,26) gives a Buy at -0.015.
With these readings, the market registers as directionless, though mild bearish momentum remains as RSI stays below the midpoint. The low ADX reading further points to a lack of strong trend direction.
IndicatorValueSignalRSI (14)43.45NeutralStochastic %K42.36NeutralCCI+8.11NeutralADX14.74NeutralMomentum (10)-0.047SellMACD (12,26)-0.015BuyMoving averages further highlight the challenging environment. The EMA 10 stands at $1.098, SMA 20 is at $1.087, EMA 50 at $1.161, and EMA 200 at $1.468—all above the current price, signaling a continuation of the overall downtrend. Only the Hull Moving Average (9) shows a Buy at $1.083, while the Ichimoku Base Line remains Neutral.
Moving AverageLevelSignalEMA 10$1.098SellSMA 20$1.087SellEMA 50$1.161SellEMA 200$1.468SellHull MA (9)$1.083BuyThe clustering of critical averages above the spot price points to ongoing weakness. Any upward movement is likely to face resistance unless several of these benchmarks are reclaimed.
Key price levels and outlookPivot point analysis identifies the central level near $1.128, positioning XRP below the threshold that usually signals a short-term bearish outlook. Resistance remains at $1.249 (R1), $1.459 (R2), and $1.790 (R3), with support at $0.918 (S1), $0.798 (S2), and $0.467 (S3).
LevelPricePivot$1.128Resistance 1 (R1)$1.249Resistance 2 (R2)$1.459Resistance 3 (R3)$1.790Support 1 (S1)$0.918Support 2 (S2)$0.798Support 3 (S3)$0.467Analysts continue to monitor the $1.00 to $0.95 area for signs of support, while key resistance levels cluster between $1.10 and $1.13, where moving averages converge. Although the presence of an ending diagonal hints at the possibility of decreasing selling pressure, a more optimistic outlook would only follow if XRP consistently forms higher lows and breaks above immediate resistance zones. For now, subdued whale activity, persistent bearish signals from moving averages, and a lack of clear trend leave the market in a holding pattern.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ripple [XRP] was down 2.23% in the past 24 hours, 4.24% in a week, and 6.83% over the past month. The steady price decline traces its origin back to August 2025, when the altcoin set a swing high, but not an all-time high, at $3.66 before descending.
AMBCrypto reported that the Open Interest has been in decline, showing a reluctance from derivatives traders to place directional bets. Falling exchange reserve trends were also spotted. It suggested accumulation but does not promise a quick recovery.
Low whale-to-exchange flows might be a sign of reduced selling intent from large market participants, but the price trends remained bearish. Sustained negative funding rates could be a medium-term buying opportunity, an analyst observed.
XRP price prediction- Here’s what a bullish reversal hinges on Source: XRP/USDT on TradingView The 1-day chart showed a bearish swing structure continuation in June, when the prices slipped below the February swing low at $1.11. This signaled a downward trend continuation.
The technical indicators agreed with this idea. The OBV has been moving sideways in the past six weeks as XRP prices bounced between $1.0 and $1.2.
The Awesome Oscillator was below the zero line, but did not show strong momentum in progress.
Based on the swing structure and the Fibonacci retracement levels [yellow], a bounce as high as the 78.6% retracement level at $1.529 is possible.
However, it is unclear if the bounce could go that high. Market sentiment across the crypto sphere was pessimistic. The OBV showed a lack of accumulation in recent weeks.
Absent demand meant a price drop below $1 is more likely than a recovery toward $1.5. The falling wedge pattern would need a confirmed breakout above resistance before it can be treated as a reliable reversal signal.
Traders call to action- Wait to buy Source: X In a post on X, popular technical analyst Chart Nerd pointed out that XRP’s drawdown from the cycle’s peak has not yet reached the average from previous cycles. This average came to 87%.
A bear market correction from the peak would take XRP prices to $0.44, if this average drawdown figure is met.
As things stand, XRP traders and investors need to keep an eye on $1.0, $0.85, and $0.60 as the next staunch supports.
Final Summary The dwindling Open Interest pointed to reduced speculative activity around XRP. Accumulation trends need to be backed by strong spot buying to give the altcoin a chance at recovery.
Ripple's highly regulated RLUSD stablecoin is seeing some adoption beyond payments. Recently, it helped to fund an initiative that it meant to support US businesses that are owned by military veterans and their spouses.
On Monday, nonprofit organization Hire Heroes USA announced the first 25 recipients of the grants that are part of Ripple's nationwide initiative.
The program has awarded $10,000 grants to each of 25 businesses. Recipients will also receive Hire Heroes USA's Certified Veteran Employer training, access to employer resources, and assistance with expanding operations.
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According to Hire Heroes USA, the initiative is intended to bolster veteran- and military spouse-owned businesses while creating new employment opportunities within the military community.
"Veteran and military spouse-owned businesses are a critical source of innovation, job creation, and economic opportunity," Jonathan Perri, Ripple's Director of Social Impact, said in a statement.
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Eligible businesses for the program must be at least 51% owned by a U.S. military veteran or military spouse, operate within the United States, and demonstrate a commitment to hiring veterans and military spouses over the next 12 to 18 months.
The grants are part of Ripple's broader environmental, social, and governance (ESG) and philanthropic effort.
RLUSD, which has now become one of the top regulated stablecoins, was initially introduced as an enterprise-grade stablecoin for payments and tokenized finance. However, it is now also used for funding community-focused programs.
Ripple's philanthropic efforts Ripple has donated more than $250 million globally, supporting universities, nonprofits, and social enterprises across more than 80 countries. Its programs generally focus on blockchain research, sustainability, and so on.
Last year, it pledged $25 million (mostly in RLUSD) to DonorsChoose and Teach For America. Ripple described the donation as one of the first major philanthropic programs funded with a stablecoin.
The company has also secured partnerships with Mercy Corps Ventures, Water.org, the International Rescue Committee, and Accion Opportunity Fund.
Ripple, a leading enterprise blockchain and cryptocurrency company based in San Francisco, has expanded the use of its regulated RLUSD stablecoin beyond traditional payments. In a partnership with nonprofit Hire Heroes USA, Ripple recently funded a grant program supporting U.S. businesses owned by military veterans and their spouses.
Ripple’s nationwide veteran business initiativeOn Monday, Hire Heroes USA announced the first 25 recipients of the grants, each receiving $10,000 to help grow their businesses. In addition to the financial support, the selected companies will have access to Certified Veteran Employer training, employer resources, and guidance for scaling their operations.
Hire Heroes USA, a nonprofit dedicated to empowering veterans and their families to gain civilian employment, stated that the new initiative aims to strengthen veteran- and military spouse-owned enterprises. The program also focuses on generating new job opportunities for members of the military community.
Jonathan Perri, Ripple’s Director of Social Impact, remarked that veteran and military spouse-owned businesses play a vital role in innovation, job creation, and providing economic opportunities.
To qualify for the grants, businesses must be at least 51% owned by a U.S. military veteran or military spouse, operate within the United States, and show a plan for hiring veterans and military spouses within the next 12 to 18 months.
RLUSD stablecoin’s expanding roleThe RLUSD stablecoin, launched by Ripple as a regulated, enterprise-grade digital asset, was originally designed for uses in payments and tokenized finance. In recent months, it has also served as a funding vehicle for programs with a social impact focus.
Mini dictionary: RLUSD (Ripple USD Stablecoin) — A fully regulated, US dollar-backed stablecoin developed by Ripple, designed to provide enterprise-grade security and transparency for digital payments and tokenized financial operations. RLUSD is backed one-to-one by reserves and registered with US regulatory authorities.
Ripple’s philanthropic efforts through RLUSD are part of its broader environmental, social, and governance (ESG) strategy. The firm has contributed over $250 million to global projects, partnering with universities, nonprofits, and social ventures in more than 80 countries. Its grant programs prioritize areas such as blockchain research, innovation, and sustainability.
Philanthropy, partnerships, and impactIn 2023, Ripple committed $25 million—primarily in RLUSD stablecoin—to educational organizations DonorsChoose and Teach For America. Ripple identified this as one of the earliest large-scale philanthropic initiatives to leverage stablecoins for funding.
Ripple also continues to build partnerships with international nonprofits, including Mercy Corps Ventures, Water.org, the International Rescue Committee, and Accion Opportunity Fund. These collaborations reinforce the company’s drive to apply blockchain technology and digital assets for social good, in addition to expanding its core business in payments and finance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
At press time, XRP was trading at $1.06, down 3.53% in the last 24 hours and 7.54% in the past week. This made it the second-biggest loser among the top ten cryptocurrencies during that period, trailing only Hyperliquid (HYPE), which is down 6.55% in the past day.
Key factors that influenced the XRP price todaySeveral factors are to blame for this decline, the biggest being a broader market downturn as investors anticipate inflation-induced interest rate hikes. A week ago, Iran re-ignited its conflict with the US after attacking three commercial vessels off the coast of Oman. This led to the collapse of the June 17 peace memorandum, with both nations resuming strikes against each other.
As a result, oil prices are now up over 8-9% in the past 24 hours – something that typically renews macro inflation fears.
Source: oilprice.com
Notably, the US Federal Reserve attributed part of the inflation to the artificial intelligence (AI) boom at its June Federal Open Market Committee (FOMC) meeting. Just today, Fed Governor Christopher Waller warned that if tomorrow’s Consumer Price Index (CPI) reading is high, the Fed could be forced to hike interest rates.
FED AT A CROSSROADS: RATE HIKE BACK ON THE TABLE
Fed Governor Christopher Waller warned that another hot core inflation reading could force policymakers to consider raising interest rates soon.
While the US economy remains resilient, persistent price pressures from tariffs,…
— *Walter Bloomberg (@DeItaone) July 13, 2026 Fed Chairman Kevin Warsh remains slightly positive, arguing that AI could eventually boost economic efficiency, thereby creating a deflationary force in the long term.
Even more, today XRP price broke below the critical $1.07 Fibonacci support, which it had been holding for 158 consecutive days. This further fueled selling pressure, with long liquidations over the past 24 hours totaling $6.67 million, according to CoinGlass.
Technical levels to watch forWith the $1.07 price now acting as the new overhead resistance, the next support levels are the $1.00 psychological floor and the 18.75% Fibonacci level at $0.9980. The final major support line after that is the 12.50% macro retracement level at $0.7925. One analyst, however, has posted evidence of a potential 60,000% gain from a historical perspective.
Ironically, today is the 3rd anniversary of the “XRP Victory Day.” But while the community celebrates the landmark SEC ruling, selling pressures continue to overwhelm local bullish sentiment.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Bitcoin is trading around $62,000 on Monday as escalating U.S.-Iran military strikes triggered a broad risk-off move across global markets, pushing crypto sentiment deeper into the fear zone.
Notable Statistics:
Coinglass data shows 81,200 traders were liquidated in the past 24 hours for $326.94 million. SoSoValue data shows net inflows of $90.4 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $18.4 million. In the past 24 hours, top losers include DeXe, Pi and Lighter. Notable Developments:
Trader Notes:
Trader KillaXBT’s best strategy is to wait for the short-term supply indicator to flip bullish rather than trading through the current sideways market.
Trader Jelle revealed that he is buying another batch of Bitcoin to increase long-term exposure in a “different week” but with “same plan.”
He plans to use the summer consolidation period to build position, anticipating the next bull run could drive BTC toward the $200,000 level.
Ted Pillows noted Bitcoin is targeting downside liquidity, with a key liquidity cluster around $62,000 that could be swept next.
If that level is cleared, attention could shift to upside liquidity between $65,000 and $66,000, making it the next potential target for a rebound.
Crypto chart analyst Ali Martinez says Bitcoin has been rejected from the upper end of its trading channel.
After losing the $63,000 mid-range support, BTC could decline toward the lower channel boundary near $61,700, where buyers may step in and provide support.
Image: Shutterstock
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The renowned American magazine Forbes has made inconsistent statements regarding cryptocurrencies. In a report published last year, Forbes labeled 20 altcoins, including XRP, Cardano (ADA), Litecoin (LTC), and Ethereum Classic (ETC), as “zombies.”
However, he now includes some altcoins, which he describes as zombie tokens, among the top 10 cryptocurrencies to invest in.
According to Forbes’ latest updates, XRP has been included in their list of the top 10 cryptocurrencies to invest in, ranking fourth after Bitcoin, Ethereum, and BNB.
Forbes states that the list was compiled based on criteria such as real-world use, market capitalization, and trading volume, and only assets with a market capitalization exceeding $5 billion were included.
Accordingly, the list includes projects such as Solana, TRON, Hyperliquid, Rain, UNUS SED LEO, and Zcash (ZEC), in addition to Bitcoin, Ethereum BNB, and XRP.
Bitcoin tops the list with its status as digital gold, while Ethereum comes in second thanks to its power in smart contracts and decentralized applications.
Forbes highlighted XRP’s role in international payments as one of its greatest strengths, noting that Ripple has forged partnerships with financial institutions, providing XRP with a practical use case that sets it apart from many other cryptocurrencies.
Conversely, it was also noted that XRP has disadvantages. The first of these was concerns about centralization, while the other was the large XRP holdings of Ripple co-founder Chris Larsen.
“…Unlike Bitcoin and other cryptocurrencies obtained through mining, XRP tokens enter circulation the moment Ripple decides to sell coins. Therefore, there are concerns about the centralized structure controlling the XRP supply.”
Ripple co-founder Chris Larsen, with a net worth ranging from $1 to $7.6 billion, owns a significant portion of XRP.
2- There are concerns about centralization due to Ripple’s control over the XRP supply.
XRP, with a market capitalization of $67 billion, is currently trading at around $1.07.
*This is not investment advice.
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Large-cap cryptocurrencies are spending much of mid-2026 moving sideways. While Bitcoin has stabilized, several leading altcoins are struggling to regain momentum as higher interest rates and cautious institutional activity keep volatility under control.
That slower environment is changing investor behavior. Instead of focusing only on established assets, many market participants are exploring earlier-stage projects where new products and ecosystems are still taking shape.
MemeToro ($MT) is one of the AI-focused presales attracting attention during this period.
XRP, Ethereum and Solana Face a Slower Market Each of these major cryptocurrencies is dealing with different challenges.
XRP started July trading close to $1.04, with buyers continuing to defend the important $1.00 psychological support level. Regulatory progress has improved sentiment compared to previous years, but price momentum remains limited.
Ethereum is also moving through a period of consolidation. Most forecasts place ETH within a broad trading range between $1,596 and $2,807, reflecting steady network activity but fewer immediate catalysts for a strong breakout.
Solana continues processing the majority of memecoin activity across the market, accounting for an estimated 60% to 70% of global memecoin volume. Even so, its price has cooled as macroeconomic conditions encourage investors to reduce exposure to higher-risk assets.
As one analyst summarized:
“Macro headwinds, shifting interest rate expectations, and a general cooling of spot ETF hype have trapped major capitals like ETH and XRP in strict consolidation. Volatility is no longer rising across the board. It is concentrating hyper-locally.”
That changing environment is encouraging investors to search elsewhere for growth opportunities.
Where Some Investors Are Looking Instead When established assets spend long periods moving sideways, capital often begins exploring projects that are still in earlier stages of development.
That does not necessarily mean abandoning large-cap cryptocurrencies.
Instead, many investors diversify by adding exposure to sectors showing stronger product development, including artificial intelligence, blockchain automation, and crypto presales.
Market researchers have observed a similar trend throughout 2026, with retail attention gradually moving toward projects that combine practical utility with earlier entry opportunities before public price discovery begins.
MemeToro: A Multi-Functional SocialFi Infrastructure MemeToro ($MT) is a decentralized ecosystem built on the BNB Chain that pairs a culture-focused aesthetic with practical DeFi utility and automated token tracking tools. The platform establishes a structured infrastructure for users to engage with modern digital asset trends securely and transparently.
Autonomous Trend Tracking: The protocol integrates a custom AI agent designed to monitor social data and assist in parsing emerging market narratives. Multi-Asset Incentive Pool: Users can earn programmatic platform rewards in both native $MT and $BNB through active product participation. Integrated Prediction Framework: The environment supports dedicated prediction markets alongside traditional staking programs to optimize platform liquidity. Vetted Smart Contract Security: All core operational functions deploy via thoroughly audited smart contracts to maintain strict operational integrity. The native $MT token functions as the core utility instrument powering access to these integrated applications. While the ecosystem provides advanced tracking analytics and verified tokenomics, participants should always conduct independent research before engaging with Web3 launches.
Getting Started With Your $MT Purchase Joining the MemeToro presale takes just a few minutes through a fully verified process:
Open the Presale Page: Head to the official MemeToro site and locate the active presale link. Set Up Your Wallet: Connect a compatible wallet configured for the BNB Chain network. Choose How to Pay: Fund your purchase with BNB, ETH, USDT, USDC, or a bank card. Lock In Your Tokens: Confirm the transaction and your $MT balance updates instantly. Once you’re holding $MT, the token opens doors well beyond the sale itself. It powers platform access, settles transactions across the ecosystem, and feeds into staking pools built for long-term holders.
Diversification Looks Different in 2026 Market leadership changes throughout every crypto cycle. At times, established assets drive returns. During quieter periods, investors often begin researching sectors that are still developing products and expanding their ecosystems.
XRP, Ethereum, and Solana remain among the most important blockchain networks in the industry, and many investors continue holding them for long-term exposure. At the same time, platforms like MemeToro ($MT) represent a different part of the market by focusing on AI-powered blockchain applications rather than competing as another Layer-1 network.
As capital rotates between mature cryptocurrencies and emerging ecosystems, diversification continues to be one of the defining themes shaping the second half of 2026.
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The US cryptocurrency ETF market saw renewed confidence in the trading week from July 6 to July 10, with significant inflows into Bitcoin and Ethereum funds. However, spot XRP ETFs diverged from this trend, recording $7.18 million in net outflows despite the broader recovery, according to crypto analytics platform SoSoValue.
Large single-fund withdrawal ends XRP inflow streakFor nearly two months, XRP funds had attracted steady inflows, yet this trend came to a halt last week. The outflows were driven entirely by a sharp move in a single fund. Investors pulled $7.29 million from the Bitwise XRP ETF, primarily during Wednesday’s trading session on July 8. This marked the most significant capital exit from a single XRP ETF in recent weeks.
Other prominent US XRP fund issuers, including Canary, Franklin, and Grayscale, experienced no net capital movement during the same period, keeping their weekly flows neutral. The only attempt to reverse the net loss came from the 21Shares TOXR product, which recorded a comparatively modest $107,400 inflow.
Mini dictionary: Bitwise is a US-based asset manager specializing in cryptocurrency index and thematic funds, including a range of publicly traded crypto ETFs.
While investors sold heavily in the Bitwise XRP ETF, other providers such as Canary, Franklin, and Grayscale posted zero net flows for the week, highlighting the isolated nature of the XRP movement.
Bitcoin and Ethereum ETFs break losing streaksIn contrast to XRP’s weak performance, institutional investors intensified their accumulation of Bitcoin and Ethereum ETFs. Bitcoin funds attracted $197 million after eight consecutive weeks of outflows, signifying a notable shift in sentiment. Similarly, Ethereum products ended their two-month slide with $84.42 million in fresh inflows.
Investors also allocated funds to products tracking newer altcoins. HYPE-based offerings saw $10.36 million in net purchases, while Solana ETFs drew $930,400.
ETF/FundNet Inflows/OutflowsBitcoin ETFs+$197 millionEthereum ETFs+$84.42 millionXRP ETFs-$7.18 millionHYPE-based products+$10.36 millionSolana ETFs+$930,400XRP’s total assets and price remain steadyDespite outflows from the past week, the XRP fund ecosystem retains substantial capitalization. Across the seven spot XRP ETFs approved in the US, total net assets stood at $996.65 million, just under the significant $1 billion threshold. Since their launch, these funds collectively gathered $1.48 billion in net inflows, underscoring persistent investor interest over the longer term.
Amid these developments, the XRP price maintained stability, holding to a narrow trading window between $1.10 and $1.11. Analysts stated that the market’s lack of volatility suggested a period of consolidation, rather than the onset of a prolonged exit.
Market analysts noted that, despite short-term redemptions in the ETF sector, the overall XRP price remained resilient within its recent range near $1.10.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRPL validator Vet (Hussein Zangana) has argued that the XRP Ledger’s consensus mechanism is better suited for long-term sustainability than Bitcoin’s proof-of-work (PoW) model.
According to Vet, Bitcoin’s mining system was highly effective at distributing BTC in the network’s early years. However, he believes it could face economic challenges as block rewards continue to decline.
In a post on X and an accompanying video presentation, Vet compared the supply dynamics of Bitcoin and XRP. He argued that “supply distribution is only a short-term challenge, while consensus algorithms are permanent.”
Bitcoin Early Success Came With Long-Term Trade-Offs Zangana explained that Bitcoin’s PoW mechanism originally served two purposes. It secured the blockchain while distributing new BTC through mining rewards.
Bitcoin launched with a 50 BTC block reward, which halves roughly every four years. Vet noted that about 95.5% of Bitcoin’s fixed 21 million supply has already been distributed, leaving relatively little new issuance over the coming decades.
He acknowledged that PoW helped democratize Bitcoin’s early distribution because users could mine coins with relatively modest hardware. However, he argued that the system becomes more expensive and less efficient as new issuance declines.
According to Vet, Bitcoin will increasingly rely on transaction fees to incentivize miners once block rewards become negligible. He also argued that wider adoption of Layer-2 networks could reduce on-chain activity, making it harder for miners to earn enough fee revenue over the long term.
XRP Ledger Was Built for Long-Term Efficiency Meanwhile, Vet contrasted this with the XRP Ledger, which did not use its consensus mechanism to distribute XRP. Instead, the network created its entire 100 billion XRP supply at genesis, with tokens distributed over time.
Because XRPL has no mining rewards, Vet said its consensus mechanism focuses solely on validating and settling transactions. This allows for low costs, fast confirmations, and minimal transaction fees.
He argued that this approach made XRP’s early distribution more difficult. However, it also removed the long-term burden of maintaining an expensive mining incentive once token distribution is complete.
According to Zangana, Bitcoin prioritized efficient early distribution, while the XRP Ledger accepted a more challenging launch in exchange for a consensus model built for long-term operation.
Network Performance Will Matter More Than Launch History Vet also argued that future users will care less about how a cryptocurrency was originally distributed.
Whether Bitcoin relied on mining rewards or Ripple distributed XRP over time, he said most new users will judge a network by how well it works today rather than by its launch history.
He added that the XRP Ledger has grown into a mature ecosystem with numerous developers and applications. As a result, he believes it is now well positioned to benefit from its consensus design after overcoming its initial distribution challenges.
Concluding his analysis, Vet said the next five to ten years will be a key test for Bitcoin as block rewards continue to shrink and the network relies more heavily on transaction fees.
By contrast, he argued that the XRP Ledger can continue operating efficiently without facing the same structural pressures.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP is now pushing against the upper boundary of a descending channel that has dictated its movement for the past 12 months.
At press time, XRP trades at $1.0801, leaving little room between its current price and the channel’s falling resistance line. With the trading range now squeezed to nearly nothing, the chart suggests a breakout or rejection could happen soon.
This current situation resembles the pattern that appeared before XRP climbed to $3.60 in July 2025. Once again, the asset has compressed beneath a declining trendline, and this makes the coming sessions especially important.
A Year of Selling Has Shaped the Current Trend XRP reached a high of about $3.60 in July 2025 before entering the descending channel that has guided its price ever since. From this peak, the upper trendline continued to slope lower, stopping every recovery attempt over the past year and sending the price back down after each test.
The lower trendline developed alongside it, beginning around the $2.00 area before leading XRP through the $1.50 range, then the $1.30 area, and finally toward its current level near $1.08.
The channel has remained intact from the second half of 2025 into mid-2026, contributing to a decline of more than 70% from the July 2025 peak.
XRP Descending Channel Now, XRP sits almost directly below the upper trendline. Since there is barely any gap left between the price and resistance, the chart suggests that a move may not be far away.
XRP Historical Data Before its major rally, XRP spent about 16 months moving sideways inside an accumulation range defined by a parallel channel between $0.45 and $0.75.
This period ended with a breakout in November 2024, which pushed the price to around $3.30 by January 2025. The move showed that buyers had built enough demand to break through long-standing resistance.
After the rally, XRP formed a symmetrical triangle that stretched from $3.30 down to support between $1.90 and $2.00. As the price tightened beneath the upper boundary of the triangle, it eventually broke above the trendline in mid-2025, leading to the rally that reached $3.60 in July 2025.
The current situation shares many of the same features. XRP now presses against the upper boundary of the present channel with the same type of price compression that came before the previous breakout.
Key XRP Price Levels to Watch The next major signal will come if XRP closes a daily candle above the channel’s upper trendline, which now sits around $1.10. A confirmed close above that area would mark a technical breakout and push attention to the next resistance zone.
The first major target lies between $1.50 and $1.60. This area acted as support throughout late 2025 before the price fell below it as the descending channel continued lower. Moving back above that range would strengthen the overall market structure.
If buying pressure continues, $2.00 becomes the next major level to watch. This price acted as the foundation for the mid-2025 rally to $3.60 and has remained an important turning point on the chart.
From the current price of $1.0801, a move to $2.00 would represent a gain of about 85%. Above that, XRP could face additional resistance around $2.50 and $3.00 as it attempts to recover the July 2025 high.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRPL validator Hussein Zangana, better known as Vet, has urged the XRP community to stop spreading claims that SWIFT is using XRP or will adopt it soon.
According to Vet, these claims distract from the real progress happening across the XRP Ledger (XRPL) ecosystem.
His comments came after former SWIFT Chief Innovation Officer Tom Zschach publicly dismissed renewed speculation that SWIFT would integrate XRP.
Focus on Real XRPL Growth In a post on X, Vet told investors to “block” influencers who claim SWIFT is already using XRP or say with certainty that it will in the future.
He said these rumors are similar to earlier unverified claims involving the Depository Trust & Clearing Corporation (DTCC). According to Vet, such narratives are unnecessary and hurt the community’s credibility.
Instead, he encouraged the community to focus on ongoing XRPL developments. These include security upgrades, on-chain lending, stablecoins, foreign exchange capabilities, permissioned domains for compliant trading, and privacy improvements.
Vet also said Ripple and the XRPL ecosystem are working to onboard institutions and consumers while expanding real-world adoption. He argued that building useful infrastructure is “10000x better” than relying on unfounded speculation.
XRP Doesn’t Need SWIFT Responding to Vet’s post, XRP community member CharuSan said XRP’s long-term success does not depend on SWIFT integration. He pointed to Ripple’s existing network of financial institutions as a stronger foundation. He also highlighted future developments such as AI agents on XRPL, lending protocols, and other ecosystem innovations as better reasons for optimism.
CharuSan added that XRP could eventually compete with traditional payment networks instead of operating alongside them.
Former SWIFT Executive Rejected XRP Rumors The discussion follows comments made on July 10 by former SWIFT Chief Innovation Officer Tom Zschach. He rejected viral claims that SWIFT planned to support XRP.
Responding to social media posts claiming SWIFT would adopt public digital assets like XRP instead of launching its own cryptocurrency, Zschach replied, “Not happening.”
The speculation came from posts citing an alleged SWIFT document that supposedly said the organization would support existing digital assets such as XRP. However, no official SWIFT document or announcement backed those claims.
Zschach’s response is consistent with his long-standing skepticism toward Ripple and XRP. During his time at SWIFT, he questioned XRP’s utility and decentralization. He also criticized Ripple’s technology.
If you haven’t read former SWIFT (@swiftcommunity) Chief Innovation Officer, @TomZschach latest piece on tokenized assets yet, you might want to. In addition, if you haven’t watched his recent appearance on the @CryptoAmerica_ podcast, you should. Both are excellent, and… https://t.co/CeoCmXfavM
— 🌸Eri ~ Carpe Diem (@sentosumosaba) July 10, 2026
Despite recurring speculation whenever SWIFT announces blockchain or digital asset initiatives, neither SWIFT nor Ripple has announced any partnership involving XRP. Instead, Ripple executives have said the company is building an alternative to the SWIFT system.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple has announced that onchain financial products are rapidly transforming the global finance sector, signaling a clear shift from the experimental phase of blockchain toward widespread adoption. The technology company, which specializes in digital payment protocols and the XRP Ledger, cited increasing evidence that tokenized funds, bonds, and repurchase agreements (repos) are delivering significant improvements in settlement speed, cost reduction, transparency, and round-the-clock operational efficiency when compared to traditional systems.
UK takes the lead in digital assetsThe UK government has set out a strategic plan to establish itself as a center for tokenized wholesale finance. Ripple stated that the country’s robust capital markets, strong regulatory framework, and long-standing credibility in global finance give it a competitive advantage in driving digital asset innovation.
Industry forecasts suggest tokenized wholesale markets in the UK could achieve up to £33 billion, or approximately $45 billion, in annual economic output by 2035. Advocates claim that moving conventional financial instruments onto blockchain networks could deliver notable economic benefits as well as modernize financial infrastructure.
Ripple projects that tokenized funds, bonds, and repos are already enabling faster settlements, lower operational costs, and continuous market access, supporting the case for blockchain as a core element of future financial infrastructure.
Ripple also confirmed its ongoing participation in the UK Treasury’s Wholesale Digital Markets Taskforce. The Taskforce, working with regulators and private firms, is developing policies to advance the United Kingdom’s digital markets and support the rollout of blockchain-based financial products.
The UK initiative aims to increase the tokenization of real-world assets, including government bonds, corporate debt, money market funds, and repos. These efforts are designed to modernize financial markets while enabling real-time, transparent, and resilient transactions.
Mini dictionary: Repurchase agreement (repo), a short-term loan where one party sells securities to another with an agreement to repurchase them at a set date and price. Repos are widely used in money markets to manage liquidity between financial institutions.
Ripple and institutional adoption of blockchainThe momentum in tokenization is not confined to the UK. Financial institutions around the world are increasingly recognizing the advantages of bringing capital markets onchain. JPMorgan, one of the largest global banks, has underlined the growing importance of tokenized assets and programmable money, describing them as building blocks for the financial market’s next evolution.
Country/InstitutionTokenization StrategyAnnual Output TargetUKWholesale market and real-world asset tokenization£33 billion ($45 billion) by 2035RippleXRP Ledger as core infrastructure for regulated digital marketsGlobal scale (no explicit target)JPMorganAdoption of tokenized assets and programmable moneyNo direct output target statedRipple maintains that the XRP Ledger is well positioned to meet the needs of regulated digital markets. David Schwartz, Ripple’s Chief Technology Officer, has recently highlighted tokenized loans, securities, and repo markets as a significant opportunity for the network, stating that the platform could serve as an institutional backbone for bond issuance, securities processing, tokenized lending, and wholesale funding.
Ripple is working with regulators, financial institutions, and technology partners to shape frameworks that support regulated tokenization and encourage adoption of blockchain solutions in global finance.
As governments and leading institutions accelerate tokenization strategies, Ripple aims to ensure the XRP Ledger is prepared to facilitate large-scale, regulated trading of real-world assets. Observers say that the global financial system is increasingly positioning blockchain not simply as a vehicle for cryptocurrencies but as a foundational technology for markets and payments infrastructure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
