This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH) Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.
Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.
Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.
Source: TradingView Ripple (XRP) After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.
With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.
Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.
Source: TradingView Cardano (ADA) Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.
While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.
Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.
Source: TradingView Binance Coin (BNB) Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.
It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.
Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.
Source: TradingView Hype (HYPE) Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.
To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.
Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.
Source: TradingView Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
After its explosive August breakout, XRP is trying to create an entirely new market structure, but the most recent candles indicate that the initial phase of the rally has already cooled. After briefly hitting about $1.70 during the first breakout, XRP is currently trading close to $1.42. The technical picture as a whole is still much stronger than it was earlier in August, despite the significant rejection from that local high.
XRP crosses multiple thresholdsMost significantly, XRP is still trading above the daily chart's four major moving averages. The 200-day moving average is especially significant; it is currently at $1.35. Since XRP spent the majority of 2026 below this indicator, its recent rise above it is a significant technical shift.
XRP/USDT Chart by TradingViewThe breakout structure does not change into another transient price spike as long as XRP stays in the $1.35–$1.40 range. Shorter moving averages offer much less support. The 50-day and 100-day averages are roughly $1.20 and $1.13, respectively, while the 20-day EMA is close to $1.24. After the quick rally, XRP is now somewhat extended, so further consolidation would not necessarily harm the bullish setup. Volume bolsters the move's importance as well.
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The breakout coincided with one of the biggest volume expansions the chart had seen in months. But as XRP entered consolidation, volume subsequently decreased, indicating that the initial surge of aggressive buying has abated. After recently rising above 80, RSI is still high at about 69.
Although the pullback from overbought territory is positive, it also suggests that momentum is returning to normal. The immediate resistance on the upside is $1.50. The route toward $1.60 and the most recent $1.70 peak could be reopened by a daily close above that level. However, another vertical rally is not necessarily required for XRP.
Long way for SHIBUnlike XRP, Shiba Inu has not yet completed the most significant portion of its technical reversal, despite having made significant progress since its August lows. After a strong move toward $0.00000620, SHIB is currently trading at about $0.00000530. The 200-day moving average, which is close to $0.00000572, is still above the token despite the rally pushing it well above its short- and medium-term moving averages.
SHIB/USDT Chart by TradinViewThe main technical challenge is now at that level. The rejection around $0.00000600–$0.00000620 demonstrates the need for caution in the current situation. Although buyers were able to break through the previous August range and momentarily challenge the long-term trend indicator, they were unable to sustain the advance.
Since then, SHIB has consolidated around $0.00000530. However, the underlying structure has improved. The 50-day average is close to $0.00000468, the 100-day moving average is close to $0.00000497, and the 20-day EMA is close to $0.00000499. The token now has a significant support cluster around $0.00000470–$0.00000500, as SHIB is trading above all three.
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Another positive signal comes from volume. Sharp increases in trading activity accompanied both of August's major rallies, but the most recent decline was accompanied by a drop in volume. This lessens the threat of the retreat compared to a large-scale sell-off. Additionally, momentum has stabilized without collapsing.
After momentarily entering overbought territory during the breakout, the daily RSI is currently at 58. As a result, SHIB can make another upward attempt without immediately running into the same momentum extremes. The critical level remains between $0.00000572 and $0.00000600. The current recovery could become a wider trend reversal if the 200-day moving average is reclaimed and held, with $0.00000620 as the next obvious target.
Can Stellar maintain the recovery?After an explosive comeback from the $0.155 area, Stellar is trying to maintain its most recent recovery, but XLM has reached the area of the chart where resistance becomes much harder to overcome. After briefly rising above $0.22 during the August rally, XLM is currently trading at about $0.184.
XLM/USDT Chart by TradingViewA significant portion of that spike was eliminated by the subsequent retracement, but buyers have so far kept the price from returning to its pre-breakout range. The 200-day moving average, which is currently at about $0.190, is the most immediate challenge.
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During the rally, XLM momentarily crossed this indicator but was unable to establish support above it. Because of this rejection, the main resistance zone is the $0.190–$0.200 range. The structure would be greatly enhanced by a strong daily close above $0.20, which might also bring $0.22 back into focus.
However, XLM has established a useful concentration of support below the current price. The 20-day EMA and 50-day moving average are close to $0.178 and $0.177, respectively, while the 100-day moving average is located around $0.182. As a result, a comparatively dense support zone is formed between $0.176 and $0.182. Maintaining that cluster is crucial.
The current retracement may continue to be a consolidation after the breakout rather than the start of another decline if buyers defend it. Momentum has already decreased significantly. After rising above 70 during the rally, RSI has fallen toward 54, eliminating most of the short-term overheating. Since the initial breakout surge, trading volume has also decreased.
Bitcoin makes a key reversalIn just a few days, Bitcoin went from about $63,000 to almost $80,000, making one of its strongest technical moves in months. Although the breakout has significantly improved the structure of Bitcoin, momentum is still severely stretched as the market enters a crucial resistance zone.
BTC/USDT Chart by TradingViewAfter briefly rising above $80,000, Bitcoin is currently trading around $79,360. The rally started with a clear breakout from the narrow range of $62,000 to $65,000 that dominated most of July and August. More significantly, during the advance, Bitcoin crossed all of the major moving averages displayed on the daily chart.
The most significant development is represented by the 200-day moving average close to $72,060. Since Bitcoin had been below this indicator for several months, the move through it represented a significant long-term technical improvement. The 50-day and 100-day moving averages are still at roughly $68,300 and $66,750, respectively, while the 20-day EMA has also accelerated toward $71,300.
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Although the gap between the spot price and those averages also shows how quickly BTC has moved, this arrangement provides Bitcoin with a significant support structure below its current price. RSI confirms that concern. Right now, the indicator is firmly in overbought territory, at about 77.
The current resistance zone is between $80,000 and $82,000. This region has already begun to produce resistance and coincides with Bitcoin's May local peak.
One of the biggest technical obstacles still standing would be removed by a clear breakout above $82,000, which could lead to much greater upside. The first area to watch is $76,000–$77,000 if Bitcoin fails there.
A deeper correction toward $72,000 would represent a more significant retest of the recently recovered 200-day average. Bitcoin's structure is now clearly stronger, but after an advance of about $17,000, either a clean breakout supported by fresh volume or consolidation below $82,000 will likely be necessary for further gains.
Bitcoin, XRP, Stellar, and Shiba Inu each experienced notable price swings, with several coins testing key technical thresholds following strong summer recoveries.
Bitcoin surges to multi-month highs but faces resistanceBitcoin staged one of its sharpest rallies in months, climbing from around $63,000 to nearly $80,000 in a brief span. This move broke Bitcoin free from a narrow trading range between $62,000 and $65,000 that had persisted through much of July and August. As the rally gathered momentum, Bitcoin decisively moved above its most significant daily moving averages.
The 200-day moving average, now at approximately $72,060, served as a major hurdle after Bitcoin spent several months trading below it. Surpassing this level marked a pivotal shift in the coin’s technical structure. The 50-day and 100-day averages have also been left behind, currently near $68,300 and $66,750, with the 20-day EMA rising to about $71,300. This group of indicators provides a substantial support cluster below Bitcoin’s spot value.
Currently changing hands at about $79,360, Bitcoin finds itself in an overbought zone, with the relative strength index (RSI) at 77. Immediate resistance is concentrated between $80,000 and $82,000, correlating closely with the coin’s May local peak. Observers indicate that breaking above $82,000 could unlock further upside, while a pullback to $76,000–$77,000 or even a retest of $72,000 is possible if sellers take control.
Right now, the indicator is firmly in overbought territory, at about 77. The current resistance zone is between $80,000 and $82,000.
LevelBitcoin PriceCurrent price$79,360200-day MA$72,060Resistance zone$80,000–$82,000Support (20–100 MA)$66,750–$71,300XRP maintains key supports after rallyXRP made headlines with an August breakout that sent the token as high as $1.70. Following a pullback, XRP now trades around $1.42, still well above levels earlier in the summer. Technically, XRP’s structure remains robust as it continues to trade above the daily chart’s four major moving averages. Its 200-day moving average now sits at $1.35, representing an important long-term indicator that had capped the price for much of 2026.
Shorter-term moving averages, including the 20-day EMA at $1.24, the 50-day at $1.20, and the 100-day at $1.13, provide additional support but are less decisive factors at the moment. Trading volume spiked during the initial rally then tapered off as XRP began consolidating, suggesting the initial phase of aggressive buying has cooled. The RSI, which had spiked to over 80, has now pulled back to 69.
A daily close above $1.50 would open the path for a move towards $1.60 and potentially the recent $1.70 peak. However, traders view additional consolidation in the $1.35–$1.40 range as a healthy development for now.
Shiba Inu and Stellar face key resistance zonesShiba Inu has shown improvement since its August lows, surging to $0.00000620 before settling around $0.00000530. Despite recovering above several short- and medium-term moving averages, SHIB remains under the 200-day average near $0.00000572. Overcoming this level remains SHIB’s main technical hurdle, with the $0.00000600–$0.00000620 range acting as immediate resistance. The recent decline in volume suggests that the pullback does not amount to a large-scale sell-off, while the RSI now stands at 58, giving the token room for another rally attempt.
For Stellar (XLM), the August recovery took the price from a low of $0.155 to an intraday peak above $0.22, before correcting back to about $0.184. The 200-day moving average at $0.190 is currently the key resistance, with a daily close above $0.20 considered essential to reestablish the upward trend. Below the spot price, support rests around the 20-day EMA and the 50- and 100-day moving averages in the $0.176–$0.182 range.
Momentum indicators confirm that both SHIB and Stellar have retreated from overbought levels. For Stellar, RSI has fallen from above 70 to 54, reducing the threat of near-term overheating. As both coins consolidate, traders are watching volume trends and support clusters for signs of the next major directional move.
Mini dictionary: Relative strength index (RSI) is a technical momentum indicator that measures the speed and change of price movements, typically used to identify overbought or oversold conditions.
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The XRP ETF market is growing steadily, but it has yet to enter the "big league" of billion-dollar crypto funds. The discussion around the actual figures was triggered by a major Solana milestone: This week, Bitwise's Solana Staking ETF (BSOL) officially reached $1 billion in AUM exactly 10 months after its launch.
Capital flowed into the product largely because of its built-in annual yield of around 5.8%, generated through staking directly within the regulated ETF.
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Commenting on the achievement on X, Bitwise CEO Hunter Horsley noted that only Bitcoin, Ethereum and Solana ETFs have crossed the $1 billion mark so far. When someone in the comments suggested that this statistic looked biased against XRP, Horsley responded directly: "I'm not! There's no $1B XRP ETF yet!"
Why Solana succeeded while XRP has notThis remark exposed a fundamental technological barrier for XRP. Unlike Solana, the XRP Ledger has no native staking at all. All XRP tokens were issued upfront, and the blockchain simply cannot generate new tokens to pay staking rewards.
The only future alternative for funds could be the native XRPL Lending Protocol, which is currently undergoing a validator vote. For now, however, the XRP ETF sector is forced to rely exclusively on pure spot demand.
Monthly net inflows and asset growth for the Bitwise XRP ETF up to August 2026, Source: SoSoValueInvestor demand is undeniably strong. U.S. spot XRP ETFs have collectively accumulated an impressive $1.44 billion in net assets, with cumulative inflows reaching $1.66 billion, according to SoSoValue. In terms of total capital, the XRP sector is already operating at the level of the market leaders.
However, because these products offer no yield, no individual fund has managed to reach the $1 billion mark.
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Horsley's own fund leads the segment. The Bitwise XRP ETF controls 44% of the market, with $632.03 million in assets. Its closest competitors follow behind: Franklin Templeton's XRPZ holds $411.39 million, while Canary's WAXRP has $234.36 million. The remaining share is divided among products from 21Shares and Grayscale.
With the latest Form 13F filings confirming an influx of U.S. institutional investors into crypto ETFs, Bitwise's standalone XRP fund needs to attract approximately another $368 million in net assets to reach the coveted $1 billion threshold.
Solana's experience has shown that pure spot exposure trails staking-backed products in terms of growth speed. XRP's ability to cross the billion-dollar mark will therefore depend entirely on the appetite of long-term investors.
Charles Schwab, one of the largest brokerage firms in the United States, has introduced a framework dividing five major digital assets based on their roles and risk profiles in investment portfolios. Adam Lynch, director of global equity research at Charles Schwab, outlined the firm’s approach, emphasizing the distinct functions and risk levels of each cryptocurrency.
Asset categorization in the Schwab crypto strategySchwab’s digital asset strategy positions Bitcoin and Ethereum as core portfolio components. Lynch characterized Bitcoin as a “classic debasement hedge,” highlighting its use in scenarios where fiat currency faces declining purchasing power. He noted that concerns about inflation and currency debasement justify Bitcoin’s presence in diversified investment portfolios.
Ethereum, though also discussed in relation to themes of currency debasement, is credited by Lynch as having broader functionality within the blockchain ecosystem. He pointed to Ethereum’s ability to support decentralized applications and smart contracts, distinguishing it from Bitcoin’s primary role as a store of value.
In contrast, Lynch classified Solana, XRP, and Hyperliquid as higher-volatility assets within the Schwab approach. He suggested these coins serve as complementary allocations, with their greater price fluctuations positioning them as higher-risk investments compared to Bitcoin and Ethereum.
Lynch explained, “Each asset category in our strategy serves a unique role. We do not treat cryptocurrencies as a single, undifferentiated asset class.”
Schwab’s strategy differentiates between core assets like Bitcoin and Ethereum, and higher-volatility options such as Solana, XRP, and Hyperliquid, aiming to create diversified exposure while managing risk.
This tailored asset division reflects Charles Schwab’s broader philosophy of employing asset-specific investment theses and not viewing the crypto market as a monolith.
Expansion of digital asset offeringThe evolution of Schwab’s crypto strategy aligns with continued platform development. The company recently announced the addition of Solana, Avalanche, and Chainlink to its crypto trading offerings. This move expands the available assets and provides clients with more choices beyond Bitcoin and Ethereum.
Solana, Avalanche, and Chainlink are each prominent blockchain protocols, with Solana known for its high-speed, low-cost transaction network; Avalanche notable for its customizable blockchain infrastructure; and Chainlink serving as a leading decentralized oracle network.
Mini dictionary: Hyperliquid is a decentralized perpetual trading protocol that offers zero-gas, instant transactions and utilizes off-chain order books for improved speed and efficiency compared to traditional on-chain decentralized exchanges.
Recent filings show Goldman Sachs holds the largest reported institutional position in Solana ETFs, investing $88 million. However, reporting requirements do not capture all institutional holders, suggesting real Wall Street exposure to Solana could be higher.
AssetCategoryRecent Schwab ActionBitcoinCoreDirect trading enabledEthereumCoreDirect trading enabledSolanaHigher volatilityAdded to platformAvalancheHigher volatilityAdded to platformChainlinkHigher volatilityAdded to platformXRPHigher volatilityStrategic assetHyperliquidHigher volatilityStrategic assetMarket context and recent price movesSchwab’s updated crypto strategy arrives amid heightened volatility in cryptocurrency markets. Bitcoin’s price fell below $77,000 after US Federal Reserve Chair Kevin Warsh delivered hawkish comments at the Jackson Hole conference, signaling a potential tightening of monetary policy and the likelihood of interest rate hikes.
With inflation in the United States remaining above the central bank’s 2% target for 65 consecutive months, forecasts of an imminent easing in monetary policy have become less likely. Warsh’s consistently hawkish stance since taking office has contributed to persistent uncertainty in financial markets.
Charles Schwab’s strategy, which attributes unique roles to each cryptocurrency, seems to be a response to both structural developments in the digital asset space and ongoing macroeconomic pressures from monetary authorities.
Two separate U.S. fund filings dated August 27–28, 2026 have brought ProShares XRP ETF back into the spotlight.
A ProShares Trust Rule 24f-2 notice filed on August 27 officially lists both the ProShares XRP ETF (series S000091571) and the ProShares Ultra XRP ETF (series S000091573, ticker: UXRP) as registered fund series.
A separate Morningstar Funds Trust post-effective amendment filed on August 28 again names the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF.
This is not a fresh SEC approval. It is further evidence that XRP is being treated as a permanent sleeve inside U.S. fund complexes, not a one-off experiment.
What the Filings Actually Say The ProShares filing lists two XRP-linked series alongside other crypto products, including Ultra Solana and the CoinDesk 20 Crypto ETF.
The Ultra XRP ETF (UXRP) is already live. It launched in mid-July 2025, tracks 2x the daily Bloomberg XRP Index using futures and swaps, and does not hold spot XRP.
The expense ratio sits at 1.67%. Recent AUM snapshots put the fund in the $40–$55 million range, with NAV near $15.83 on August 28, after a sharp down day.
The unlevered ProShares XRP ETF (S000091571) appears in the filing but several trackers still mark it as pending, not yet live.
The Cyber Hornet 75/25 product first sought SEC clearance in September 2025. Cyber Hornet Seeks SEC Nod for S&P 500 and XRP ETF.
The Aug 28 amendment (Securities Act file 333-216479, PEA No. 15) confirms the product is now live under Morningstar Funds Trust. Inception date: January 30, 2026. NAV: approximately $22.08 as of August 27.
The fund holds direct XRP at roughly 25.7% alongside mega-cap S&P names, NVDA, AAPL, MSFT, and AMZN. AUM is tiny, near $0.55 million. It is a signal, not a flow driver.
Why Investors Should Pay Attention XRP is no longer just a spot-ETF trade. The U.S. wrapper stack now spans spot funds, futures and strategy products, a 2x leveraged sleeve, and an equity-blend option.
21Shares recently moved TOXR to FTSE pricing as the broader XRP ETF complex crossed $1.44 billion in AUM, a sign that institutional plumbing is tightening around the asset.
Canary contributed $5.12 million, with its cumulative figure approaching $483 million. Historical net inflows across the complex now stand at roughly $1.66 billion.
The filing news lands against a broader regulatory backdrop. Ripple, XRPL, and XRP are already considered compliant with the CLARITY Act, according to a prominent crypto analyst.
Senate cloture on that bill is targeted for September 15. Standard Chartered has previously modeled $4–$8 billion in additional XRP ETF inflows if market-structure clarity is confirmed.
On the supply side, Ripple’s next 1 billion XRP escrow unlock faces a new dynamic if the CLARITY Act advances. That unlock is scheduled for September 1, just days away. Traders should watch both dates closely.
Leveraged products carry a specific warning. UXRP and other 2x products reset their exposure daily. They are trading tools, not long-term holdings.
XRP leverage on Binance hit $0.213, a seven-month high, after a 44% rally, with $3.4 billion in open interest crowding the long side. That crowded positioning makes leveraged ETFs especially risky at current levels.
The ETF shelf expansion also coincides with broader XRP ecosystem activity.
Ripple is preparing to shut down the XRPL native bridge, removing over 10,000 lines of dead code, a move analysts read as institutional-grade infrastructure cleanup happening in parallel with Wall Street’s growing XRP exposure.
XRP was trading in the $1.38–$1.46 range heading into the weekend, recovering from a near-$1 print earlier in August.
The September 1 escrow unlock and September 15 CLARITY Act cloture vote are the two nearest catalysts that could move that range meaningfully.
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Vault grows more than sixfold from launch capThe @ClearstarLabs earnXRP vault on @FlareNetworks has raised its deposit cap for at least the second time, with holdings now standing at 33.73 million FXRP, worth around $46.5 million. That figure is more than six times the 5 million token ceiling the vault carried at its December 2025 launch. Flare confirmed the latest cap increase without specifying the new limit.
earnXRP is the first fully on-chain yield product denominated in $XRP, allowing users to deposit FXRP, XRP represented one-to-one on Flare, into a single vault that deploys capital across a diversified set of yield strategies. The Clearstar vault takes a fully on-chain approach, deploying FXRP across lending and liquidity protocols on Flare, including Avant and Euler. The vault targets a 3% annual yield and charges a 0.75% management fee plus a 10% performance fee.
Flare Smart Accounts lower the barrier for XRP holdersDeposits route through Flare Smart Accounts, which remove much of the technical friction traditionally associated with cross-chain DeFi. They combine what would normally require multiple steps, such as minting FXRP, navigating decentralised applications, and managing activity across different interfaces, into a single unified flow, while self-custody is retained throughout. In practice, that means XRP Ledger wallet holders can participate without separately minting FXRP or managing a standalone EVM wallet.
Flare launched Smart Accounts v1.3 to simplify how XRP holders access DeFi by reducing a process that previously required multiple steps to a single wallet signature. More than 40 million XRP is currently earning yield through Flare Smart Accounts, while nearly 24,000 Smart Accounts have already been created. The repeated lifting of the Clearstar vault cap suggests sustained demand, underscoring the broader push to bring $XRP holders into on-chain yield strategies that were largely inaccessible before the FAssets system launched.
Only 0.1% of XRP supply is utilised in DeFi despite the token being among the largest cryptocurrencies by market capitalisation. Products like earnXRP are designed to chip away at that gap by offering a straightforward, non-custodial entry point into XRPFi.
Ripple has advised the XRP Ledger community to withdraw the long-running XChainBridge (XLS-38) amendment, which aims to deliver native cross-chain bridging for the network.
Shifting priorities for XRP LedgerRipple, a blockchain-based payments company best known for developing solutions centered on the XRP Ledger, stated that the XLS-38 bridging technology is no longer required for its primary use case. The company attributed this to a lack of sufficient developer interest and demand for the amendment’s intended functions.
According to Ripple, the original goal behind XLS-38 was to allow seamless asset transfers between the XRPL mainnet and various custom sidechains, including private, permissioned, and experimental networks. The framework involved using “witness servers” to facilitate these transfers.
The amendment was also envisioned to act as the foundational bridge between the XRP Ledger and the XRPL EVM Sidechain, expanding the ecosystem’s interoperability.
Axelar integration replaces XLS-38Ripple revealed that it has instead chosen the Axelar network as the bridge solution for the EVM Sidechain. Axelar offers interoperability with more than 50 blockchain networks and employs a network of over 75 validators, positioning it as a robust alternative to the natively built XLS-38 approach.
The company made the decision to use Axelar in June 2024, while still allowing the community to vote on XLS-38 at that time. Ripple now maintains that Axelar’s integration effectively addresses, or even improves upon, the use case previously targeted by XLS-38.
Mini dictionary: Axelar, a cross-chain communication network, enables interoperability across multiple blockchain protocols by facilitating secure asset and data transfers between different chains. It is designed to connect decentralized applications and ecosystems, allowing seamless transfers without centralized intermediaries.
FeatureXLS-38 XChainBridgeAxelar NetworkIntegrationNative to XRP LedgerExternal interoperability protocolSupported NetworksXRPL + sidechains50+ blockchainsValidator CountDependent on XRPL75+ validatorsCommunity response and next stepsRipple clarified that it does not have the authority to unilaterally remove XLS-38 from the XRP Ledger. The company runs only one validator on the protocol, so any withdrawal of the amendment must proceed through the network’s established amendment process, which requires broad consensus among validators and community stakeholders.
Despite the recommendation, Ripple indicated it is open to reconsidering its decision if developers can present compelling use cases that demonstrate significant community value.
“The primary use case that motivated XLS-38’s development is fully addressed, and we believe better addressed, by the Axelar integration,” RippleX indicated. In addition, the company noted that deleting the dormant code would remove more than 10,000 lines, reducing complexity and potential security liabilities.
Ripple also called on those still developing around XLS-38 to share real-world applications or demands that could justify retaining the amendment.
Ultimately, Ripple sees Axelar’s integration as fulfilling the objectives that prompted the original XLS-38 proposal, citing both community feedback and ecosystem needs in its reasoning.
Ripple Recommends Dropping Native Bridge ProposalRipple has formally recommended that the XRP Ledger community withdraw the XLS-38 amendment, also known as XChainBridge, along with the related fixXChainRewardRounding amendment. XLS-38 was originally proposed to enable native cross-chain bridges on the XRP Ledger. It defined a protocol using a decentralized network of witness servers to observe and attest to transactions across chains.
The amendment was designed to enable the transfer of value between sidechains through locking and issuing mechanisms, connecting a locking chain and an issuing chain. Its intended use cases included private chains, permissioned networks, and a bridge linking the XRPL EVM Sidechain to mainnet with $XRP as the native gas token.
Ripple concluded that the witness-server model creates security, decentralization, and operational trade-offs that become more significant as the value locked in a bridge increases. With limited developer demand for the feature, the company no longer considers maintaining the codebase worthwhile. Withdrawing the amendment would remove more than 10,000 lines of code from the protocol.
Axelar Steps In as the Preferred AlternativeRipple says the Axelar integration already addresses the XRPL EVM Sidechain's bridging needs, while limited demand for XLS-38 no longer justifies maintaining its codebase. For users of the XRPL EVM Sidechain, the Axelar bridge remains the connection to and from the XRPL mainnet.
Axelar is a decentralized interoperability network that acts as a universal connector for both EVM and non-EVM chains, including Ethereum, Solana, and the XRP Ledger. Axelar operates a Tendermint-based proof-of-stake blockchain with over 70 validators that verify cross-chain messages using quadratic voting mechanisms. Its General Message Passing protocol allows smart contracts on one blockchain to call functions on another without requiring developers to build custom bridge infrastructure.
The recommendation is not final. Ripple has indicated the decision could still change if developers demonstrate compelling use cases for the native bridging standard. The XRPL community will ultimately decide whether to proceed with the withdrawal.
Sources:
Crypto Times: Ripple Recommends Withdrawing XChainBridge Amendment XLS-38
Ripple Insights: XRPL EVM Sidechain and the Axelar Bridge
Ripple has recommended withdrawing the XRP Ledger’s pending XChainBridge amendment after concluding that its primary use case is already served by Axelar and broader developer demand has not emerged.
Summary
Ripple recommends withdrawing XChainBridge after Axelar replaced its intended XRP Ledger EVM Sidechain role entirely. The pending amendment would add native asset bridges using independent witness servers between connected ledgers. Removing XChainBridge could eliminate more than 10,000 lines from the XRPL server codebase, Ripple estimates. Ripple controls one validator vote and cannot withdraw or activate the amendment unilaterally today alone. Developers with active XLS-38 projects can present evidence before the community completes withdrawal procedures formally. Mayukha Vadari, a senior software engineer at RippleX, announced the recommendation on Aug. 27. XChainBridge, also known as XLS-38, remains in the XRPL validator voting process and has not activated on the mainnet.
Ripple estimated that withdrawing the proposal would allow developers to remove more than 10,000 lines of code from xrpld, the server software that powers the network. No code has been removed yet, and Ripple cannot complete the process independently.
Ripple is officially recommending the withdrawal of the XChainBridge amendment (XLS-38). With Axelar successfully handling the EVM Sidechain and a lack of broader developer demand, dropping XLS-38 will remove over 10,000 lines of inactive code. Read the full reasoning here 👇 https://t.co/9g8J2d5Ggi
— Mayukha Vadari (@msvadari) August 27, 2026 XRP Ledger no longer needs XLS-38 for its EVM sidechain XLS-38 was designed to provide a protocol-level framework for moving XRP and issued assets between the XRP Ledger and connected networks. Its intended users included public sidechains, private ledgers, permissioned networks and experimental chains.
The system relies on independent witness servers to monitor events on each connected ledger. Witnesses submit attestations confirming that assets were locked or destroyed before corresponding assets become available on the destination network.
One of the proposal’s main use cases was connecting the XRPL mainnet with its Ethereum Virtual Machine-compatible sidechain. Ripple later selected Axelar to provide that connection instead.
The XRPL EVM Sidechain launched with Axelar as its mainnet bridge in June 2025. Axelar’s validator network verifies cross-chain messages and connects the sidechain with XRPL and other supported blockchains.
Ripple said the EVM sidechain is now “better addressed” through Axelar. That remains the company’s technical assessment rather than a finding reached through an independent security comparison.
Weak developer demand changed Ripple’s assessment Ripple initially kept XLS-38 available because developers could still use it for private sidechains and specialized networks that Axelar was not designed to support.
However, the company said it found little evidence of active projects requiring the native bridge. No production deployment has publicly identified XLS-38 as essential to its planned operations.
Maintaining the inactive implementation still requires reviews, tests and compatibility work whenever developers update xrpld. Ripple argued that this creates an ongoing maintenance burden without providing a corresponding mainnet benefit.
The recommendation does not mean the broader XRPL ecosystem has abandoned interoperability. Ripple pointed to Axelar, Wormhole, zero-knowledge systems and layer-2 designs as alternative approaches suited to different security and privacy requirements.
Cross-chain systems also introduce distinct risks. As previously reported, bridge exploits have caused more than $4 billion in reported losses since 2021, making verification design and operational security central considerations.
Ripple cannot remove XChainBridge by itself The official XRPL registry lists XChainBridge as a pending amendment with a default “no” vote. Ripple operates only one validator vote among the network’s independent participants.
An XRPL amendment normally requires support from more than 80% of trusted validators for two continuous weeks before activation. With 35 validators in the current default configuration, at least 29 affirmative votes would exceed that threshold.
Ripple’s recommendation therefore neither withdraws the amendment immediately nor forces other validators to oppose it. Validators decide independently which amendments their infrastructure supports.
That separation is consistent with other XRPL proposals. In related coverage, Ripple’s support for lending amendments did not establish their activation because the proposals still required the broader validator threshold.
Withdrawal would proceed through staged software changes Ripple proposed beginning with a pull request that marks XChainBridge as obsolete in the xrpld codebase. Servers upgrading to that release would automatically vote against activation.
Support would decline as validators install the updated software. Once active validators recognize the amendment as obsolete, developers could remove the XChainBridge implementation and the related fixXChainRewardRounding code in a later release.
No pull-request deadline, software version or final removal date has been announced. The timing depends on community feedback, code review and validator upgrades.
Ripple has asked developers or organizations building with XLS-38 to present specific use cases. A credible active deployment could lead the company to reconsider its recommendation before the staged withdrawal begins.
Ripple is urging the XRP Ledger (XRPL) community to drop the proposed XChainBridge (XLS-38) amendment as it is no longer needed and has attracted little interest from developers.
Ripple engineer Mayukha Vadari said Axelar already handles bridging for the XRPL EVM Sidechain. Since there is little demand for XLS-38, removing it will also get rid of more than 10,000 lines of unused code.
Ripple is officially recommending the withdrawal of the XChainBridge amendment (XLS-38). With Axelar successfully handling the EVM Sidechain and a lack of broader developer demand, dropping XLS-38 will remove over 10,000 lines of inactive code. Read the full reasoning here 👇 https://t.co/9g8J2d5Ggi
— Mayukha Vadari (@msvadari) August 27, 2026
XRPL XLS-38 is to Connect Different Blockchains XLS-38 was created to let the XRP Ledger (XRPL) connect with other blockchains and sidechains. It seeks to allow developers to create their own sidechains, including private and experimental networks.
The system used a group of “witness servers” to monitor transactions on different chains and confirm them. This would allow assets to move between the XRPL mainnet and sidechains.
XLS-38 also aimed to connect the XRPL mainnet to the XRPL EVM Sidechain, with XRP serving as transaction fees.
Ripple Chose Axelar for the EVM Sidechain Meanwhile, Ripple chose Axelar as the bridge for the XRPL EVM Sidechain after comparing different options for security, user experience, decentralization, and long-term reliability.
Ripple said XLS-38’s witness-server system can become harder to secure and coordinate as more money moves through the bridge.
Axelar was seen as a better option because it is built specifically for connecting blockchains. It has more than 75 validators and supports more than 55 blockchains.
Ripple announced the decision in June 2024. It still kept XLS-38 open for a community vote and gave developers 12–15 months to show enough demand for it.
However, Ripple said the time given to developers has passed and there still aren’t enough projects that need XLS-38 on the XRPL mainnet. Ripple gave three main reasons:
Axelar already does the main job: Axelar handles the bridge for the EVM Sidechain, which was XLS-38’s main purpose. Low developer demand: There has been little interest in using XLS-38 for private or permissioned sidechains. Unused code takes work to maintain: Keeping inactive XLS-38 code means XRPL developers still have to maintain and secure it. Ripple says removing XLS-38 deletes over 10,000 lines of code, making the XRPL codebase easier to maintain and more secure.
Withdrawal Would Require XRPL Consensus Ripple stressed that the recommendation is not a unilateral decision. If the community supports the proposal, Ripple plans to first mark XChainBridge as obsolete in the xrpld codebase.
Validators running a version containing that change would automatically vote against the amendment and would no longer be able to vote in favor of it.
As validators upgrade, support for XLS-38 would decline. Once the network reaches consensus that the amendment is obsolete, the XChainBridge and related fixXChainRewardRounding code will be removed entirely in a subsequent software update.
Ripple Is Still Open to XLS-38 Use Cases Notably, Ripple said removing XLS-38 does not mean it is giving up on connecting the XRPL to other blockchains.
Instead, Ripple believes different projects may need different bridging technologies. Tools like Axelar and Wormhole can work for some blockchains, while other technologies, such as ZK systems and Layer-2 networks, may work better in other situations.
Ripple also asked developers already using XLS-38, or planning to use it, to share their projects before the withdrawal.
For users of the XRPL EVM Sidechain, nothing will change. Axelar will continue to connect the EVM Sidechain to the XRPL mainnet.
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.
Canary Capital CEO Steven McClurg said he expects XRP to emerge as the leading protocol for institutional financial infrastructure, pointing to newly announced lending plans on the XRP Ledger and a sharp rise in South Korean trading activity as supporting evidence.
Institutional Lending Called a Major Catalyst
Speaking on the topic of institutional-grade credit coming to the XRP Ledger through a partnership involving Cicada Credit and Clearpool, McClurg said the development could have an outsized impact on XRP. “I think it’s going to be massive,” he said, describing institutional lending as a meaningful expansion beyond activity the network has already seen.
Centralization as a Feature, Not a Flaw
McClurg addressed a common criticism of XRP, its relatively centralized structure compared with other blockchain protocols, arguing that this characteristic works in XRP’s favor for institutional use cases. “Institutional investors are going to prefer more centralized platforms,” he said, contrasting that preference with retail investors who tend to favor more decentralized alternatives. He said the XRP Ledger’s ability to generate yield would help attract additional capital as financial infrastructure gets rebuilt around blockchain rails.
South Korea Emerges as a Key Market
McClurg highlighted a 273% surge in XRP trading volume on South Korean exchange Upbit since March. He attributed the country’s outsized trading activity partly to population size and the strength of the Korean won as a crypto trading pair, saying that South Korea and the United States represent the two largest markets for XRP by currency pair volume.
He said XRP has become the clear leading protocol in the South Korean market, contrasting it with Ethereum’s stronger position in markets like the United States and Canada.
Story Ends Here
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XRP’s current price structure has prompted renewed attention as market analyst ChartNerd identified striking similarities between recent trends and XRP’s behavior during 2022. He cautioned holders that further downside may occur before the cryptocurrency establishes a firmer base for any potential long-term breakout.
Analyst compares 2022 and 2026 XRP price actionChartNerd, known for his detailed technical analysis in digital asset markets, compared the present XRP pattern to movements recorded in 2022. After the 2022 bear-market low, the crypto asset rallied nearly 90% and approached its 50-week exponential moving average (EMA). This was followed by a notable correction of about 45%, retracing much of the prior gains and retesting the previous breakout area.
The analyst described this correction as part of a typical foundation-building process. He now sees the 2026 XRP price trajectory unfolding in a similar fashion, with price action echoing many features from 2022.
ChartNerd advised investors not to be discouraged if XRP traces a comparable path of retracement before any sustained rally can develop.
A key indicator discussed by ChartNerd is the death cross—a technical pattern created when a short-term moving average crosses below a long-term moving average, generally viewed as a bearish signal. He noted that this development appeared in both 2022 and 2026, leading to further losses after XRP failed to reclaim the 50-week EMA.
Mini dictionary: Death cross, a chart pattern where a short-term moving average crosses below a long-term moving average, signaling potential weakness in an asset’s price trend.
XRP’s recent lows and resistance levels emergeHighlighting further comparisons, ChartNerd indicated that while June 2022 established XRP’s bear-market bottom, the June low in the current cycle did not actually become the cycle’s final low. After momentarily holding above $1, XRP revisited that threshold and then marked a new low this month around $0.98.
From that recent low, XRP rallied toward its 50-week EMA, reinforcing ChartNerd’s parallel between the current price structure and the previous cycle.
He emphasized that the $0.98 threshold may be a significant technical level for investors to monitor, as the price action remains closely tied to its interaction with the 50-week EMA.
The 50-week EMA remains central for tradersChartNerd identified the 50-week EMA, currently near the $1.50 to $1.60 range, as the critical barrier. If XRP tests this region but fails to break above it, the analyst warns that a renewed decline toward recent lows could follow, mirroring events seen in 2022.
He clarified that his analysis does not guarantee that history will repeat, but highlighted the structural similarities that traders may wish to consider.
Without making direct predictions, ChartNerd reiterated the importance of the 50-week EMA as a technical resistance zone and advised investors to pay attention to how XRP reacts around this level in the coming weeks.
For traders and investors assessing XRP’s prospects, the interaction with the 50-week EMA could signal whether another consolidation or pullback is likely before any sustained uptrend is possible.
YearXRP RallyCorrectionCritical Level2022~90% rally to 50-wk EMA~45% retrace$1 (bear-market bottom)2026Rally from $0.98 toward 50-wk EMAPotential correction if rejected$1.50–$1.60 (50-wk EMA)Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP recorded a remarkable recovery over the past week, climbing more than 47% to approach the crucial $1.50 resistance zone. The powerful upward move came after XRP had reached its lowest level of the year near $1.00 in early August, prompting renewed optimism among investors and traders.
Key resistance retested after sharp rallyThe digital asset’s recent surge was driven by intensified buying, resulting in a rapid, near-vertical rally that pushed prices into a well-established resistance area. The $1.50 mark has repeatedly proven challenging for XRP bulls, acting as a ceiling during the past few months despite several breakout attempts.
Crypto chart analyst Dom, active on X under the handle @traderview2, pointed out that breaching the $1.50 barrier remains essential for any further upside. He identified this overhead hurdle as the defining pivot for unlocking a potential move toward $1.80, with many traders monitoring whether sustained bullish activity can finally propel the token past this multi-month trading range.
XRP has repeatedly attempted to close above $1.50 without success, but strong buyer momentum could make $1.80 the next target if this resistance finally gives way.
Dom highlighted that the level has acted as resistance on at least four occasions this year. Each time, initial rallies have faced immediate rejection, leading to corrections and prolonged periods of price consolidation.
Chart analysis reveals a prominent horizontal resistance at $1.50, marked by multiple failed breakouts in February, March, April, and May. Traders often monitor such zones for signs of renewed momentum or another reversal.
Mini dictionary: Value Area Low – In technical analysis, the Value Area Low (VAL) is the lower boundary of the price range where the majority of volume has traded over a set period. It helps traders identify potential support levels and points of accumulation.
Liquidity sweep and pullbackDuring the recent upswing, XRP briefly pierced the $1.50 mark, triggering liquidity sweeps as traders sought to capitalize on short-term moves. Despite this momentum, sellers responded quickly, sending prices back below the resistance within the same daily session.
The current structure shows a V-shaped recovery pattern, with buyers aggressively pushing prices upwards, followed by a pullback as the market digested gains above $1.50. A long upper wick on the daily chart underscores the dynamic between buyers seeking a breakthrough and sellers defending the resistance.
According to Dom, if buyers manage to sustain consolidation and build support above $1.50, market participants may target $1.80 as the next key level for XRP. The analyst described $1.80 as the “ticket,” signaling the next major area of interest for bullish traders.
A clean hold above $1.50 would set the stage for $1.80, with relatively low resistance in between.
Market outlook remains cautiousWhile recent price action has reignited optimism, XRP’s history at this resistance suggests that traders remain cautious. Previous attempts to break above $1.50 have resulted in strong reversals, and many participants continue to watch for confirmation of a sustained hold before increasing exposure.
If the token fails to solidify its position above the resistance, another period of consolidation or downside movement remains possible. For now, all eyes are on whether bullish momentum can translate into a decisive breakout.
Attempt MonthResistance LevelOutcomeFebruary$1.50RejectedMarch$1.50RejectedApril$1.50RejectedMay$1.50RejectedAugust$1.00 (Value Area Low)Support, rebound startedDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP is showing a notable technical signal that has rarely emerged in its recent trading history, according to analyst Steph Is Crypto. The Moving Average Convergence Divergence (MACD) indicator on the two-week chart is approaching a golden cross, a formation that technical traders often associate with the start of a bullish trend.
Historical MACD signals in focusThe golden cross occurs when the blue MACD line crosses above the red signal line after a period of downward momentum. Steph Is Crypto described this development as “literally imminent,” indicating it could appear within one to two days.
Historical data shows the significance of this event. In September 2022, XRP formed a golden MACD cross near $0.53, close to the end of the previous bear market cycle. Over the following period, the asset surged, eventually reaching a peak of $3.65 in 2025.
A second golden cross appeared in October 2024, with XRP entering another rapid climb—rallying 500% by the end of that year. The analyst noted that the digital asset generated a sixfold return from this price setup within weeks.
In previous cycles, a golden MACD cross has signaled powerful rallies in XRP, with the asset delivering a 6x move from this setup. Two such signals preceded significant market momentum, and a third is now approaching.
Steph Is Crypto pointed to these two historical signals as key factors underlying optimism about the current technical setup.
Mini dictionary: MACD (Moving Average Convergence Divergence), a technical indicator used to identify changes in momentum, strength, and direction in price trends. A “golden cross” in this context refers to the MACD line crossing above the signal line, considered bullish by many analysts.
Critical price resistance at $1.60Despite the emerging technical signal, one important hurdle remains. XRP recently attempted to break above the Exponential Moving Average (EMA) ribbons situated between $1.60 and $1.70. The move was rejected, preventing confirmation of a sustained upward trend.
Steph Is Crypto emphasized that for the bullish scenario to be validated, the price must close and maintain a level above $1.60 for at least one weekly candle. Securing this threshold would confirm the broader structure and potentially set the stage for significant upward movement. Failing to hold above this level, however, could lead to additional downside risk for the digital asset.
EventMACD Golden Cross DateXRP Price at SignalPeak Reached AfterwardFirst signalSeptember 2022$0.53$3.65 (2025)Second signalOctober 2024Not specified500% rally by year-endCurrent setupAugust 2026 (expected)N/AYet to be determinedAnalyst outlook and investor watchpointsShould XRP hold above the EMA ribbons and confirm the golden MACD cross on the two-week chart, Steph Is Crypto anticipates a major rally comparable to those seen in past cycles. While no specific price forecast has been provided for the current period, the analyst referenced the previous 6x gain as an indicator of what might be possible if conditions align.
Holding above $1.60 and confirming the MACD golden cross would validate the bullish signal for XRP, setting up the potential for a substantial upward move similar to previous rallies.
The key level of $1.60 forms the boundary between a confirmed bullish structure and what could become a bull trap if the price falters. Investors are closely monitoring both the golden cross and price action near this resistance zone in the immediate term.
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.
Options markets are rarely subtle when traders are nervous. Right now, they are signaling that XRP, SOL, ETH, and BTC all have meaningful price swings in store before August 30, and the derivatives math behind those signals is worth understanding.
Implied volatility is the market’s collective guess about how much an asset will move, baked into the price of options contracts. When traders expect turbulent crypto markets, options get pricier, and those premiums tell you exactly how much turbulence the crowd is pricing in.
What the numbers actually say Bitcoin’s 30-day implied volatility is sitting at roughly 36%, which sounds calm by crypto standards but still points to swings that would rattle most traditional asset classes.
BTC itself is trading around $78,000, and ETH is near $2,480, while SOL is hovering in the $96-$97 range and XRP is around $1.47.
XRP is the most interesting story in this group. Its options open interest has been approaching $100 million, and its implied volatility is frequently running higher than BTC, ETH, and SOL simultaneously.
Deribit, the dominant venue for crypto options, gives traders a granular toolkit here. Daily, weekly, and monthly expiry windows allow precise implied move calculations for each timeframe, so a trader can isolate exactly how much movement the market is pricing in before August 30 versus, say, end of September.
The mechanism most commonly used for these calculations is the straddle: buying both a call and a put at the same strike price. The combined premium of that position represents the market’s best estimate of how far the underlying asset will travel in either direction before expiry.
Why options expiries move markets Crypto options expiries have a well-documented history of influencing spot prices in the days leading up to settlement. This happens because market makers who have sold options need to delta-hedge their books, buying and selling the underlying asset as prices drift toward or away from large strike concentrations.
Recent expiry cycles have featured multibillion-dollar notional values for both BTC and ETH contracts, large enough to shape short-term sentiment meaningfully.
XRP’s elevated open interest adds another layer of complexity. When open interest is high relative to typical daily volume, the market is carrying a larger-than-usual position that needs to be resolved at expiry. That resolution can create abrupt price adjustments if the market moves against the dominant positioning.
Reading the signals, not just the noise A 36% implied volatility for BTC in a period of relative calm is a reminder that derivatives traders are still pricing in a world where a macro development, regulatory headline, or large liquidation event can reprice the entire asset class in hours.
For anyone holding spot positions in these assets, the options market’s implied moves function as a useful calibration tool. If options are pricing in a 10% move in either direction before month-end, a trader who is unprepared for the downside scenario is effectively ignoring market-priced risk.
The elevated XRP open interest near $100 million deserves particular attention from holders of that token. High open interest ahead of expiry has historically preceded sharp post-expiry moves, as the dominant side of the trade gets flushed out and the market reprices to reflect actual supply and demand rather than derivatives positioning.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Active addresses on the XRP Ledger jumped 654.71% in a sharp burst of network engagement, a move that stands out against the token’s otherwise sleepy price action. The surge brought active addresses to roughly 356,000, a figure that dwarfs the network’s recent daily averages.
XRP has spent much of 2026 trading around the $1 mark, closing recently at levels not seen since late November 2024.
The numbers behind the spike To appreciate how unusual this surge is, consider the baseline. August 2026 saw daily active addresses average around 35,700, itself a 35% increase from July’s average of roughly 26,400. One-day peaks during August topped out at about 49,900 addresses.
Transaction activity has been trending upward alongside the address growth. In late August, successful transactions on the XRPL increased by approximately 65.5%, while overall transaction volume rose by around 38.5%. The second quarter of 2026 logged 222.4 million transactions, the second-highest quarterly total ever recorded on the ledger.
Meanwhile, the XRPL crossed a milestone earlier this year: more than 8 million activated accounts by July, up from roughly 7.85 million in March. New address creation, though, has remained comparatively flat at around 2,260 per day. That gap between activated accounts and new address growth hints that existing holders, not fresh arrivals, are becoming more active.
The stablecoin and tokenization factor One driver that keeps surfacing in XRPL data is tokenization activity, particularly around Ripple’s RLUSD stablecoin. By mid-2026, roughly 59,000 holders were using stablecoins on the XRP Ledger. RLUSD launched as Ripple’s answer to USDC and USDT, targeting institutional settlement use cases rather than retail trading.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP has surged past a key resistance level, renewing optimism for extended gains after months of limited upside. The token’s recent breakout brings the $1.55 threshold to the forefront, with market participants tracking whether XRP can sustain a move above this critical area.
Technical breakout and price actionCurrently, XRP is trading at $1.48, reflecting a 1.32% decline over the last 24 hours. Trading volume has reached $7.83 billion, and its market capitalization stands at $93.13 billion. Despite the dip, technical signals point to renewed buying interest, following an extended period of price consolidation below resistance.
Crypto analyst Crypto Patel highlighted that XRP recently broke through a resistance barrier that held for nearly seven months. This move was coupled with a weekly candle that produced an approximately 70% gain, bringing new attention to the $1.55 level as a potential pivot for future movement.
After escaping its accumulation zone, XRP demonstrated strong performance, intensifying scrutiny over whether prices can establish a solid foothold above $1.55. Failure to do so may lead to further consolidation or a retracement toward lower support levels, such as $1.
Short-term risk and long-term outlookPatel advised against aggressive buying at current levels, suggesting that a move toward the $1 area could create a new accumulation phase. Looking further ahead, he continues to watch the $5 to $10 zone as a longer-term price range, though he noted this would require sustained demand and XRP overcoming multiple resistance points.
Patel maintains that while the $1.55 resistance is fundamental for confirming the uptrend, any inability to hold above this level may reestablish a base closer to $1. Longer-term upside toward $5 or $10 will likely hinge on persistent bullish sentiment and significant buyer interest.
XRP’s technical indicators reflect its recent surge. The price climbed above the upper Bollinger Band at $1.49946, signaling overbought conditions. The central band is at $1.12589, and XRP’s current price hovers near $1.48. This breakout, according to analysts, is evidence of strong upward momentum fueled by heightened market activity.
The bullish trend is reinforced by the MACD oscillator. The MACD line has risen to 0.09700, topping the signal line at 0.03738, with a histogram value of 0.05963 suggesting growing divergence between the two lines. These technical findings support the notion that XRP has established a significant rally, with momentum on its side for now.
Impact on broader market trendsThe passage through $1.55 is widely considered a signal for the start of a more robust uptrend. However, a failure to hold above this area could prompt a retracement and the formation of a fresh accumulation base.
Analysts acknowledge that a true test of XRP’s staying power lies in its capability to maintain bullish momentum through potential retracements and resistance levels. For now, the tokens’ breakout positions Ripple back into the market spotlight, with traders and investors watching for confirmation of a new trend, or signs that the recent gains may prove transitory.
Amid these technical dynamics, the broader market is also witnessing structural changes in how traditional assets are accessed. While traditional markets have relied on layers of complex brokers, Wall Street is increasingly pivoting to Web3 infrastructure. Investors now use platforms like 1stepSwap to hold shares of major U.S. companies, gold, and silver within their crypto wallets. The tokenization of Real-World Assets (RWAs) and live price optimization eliminate intermediaries, aligning both digital assets and conventional markets into a unified trading environment.
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.
SWIFT reported that three out of four payments on its global messaging network now arrive at beneficiary banks in under 10 minutes, highlighting a major improvement in cross-border payment speeds. Despite this progress, delays persist after the payment has reached the receiving institution, with post-arrival processing now representing the primary obstacle to true real-time transfers.
Last-mile friction in paymentsThe company published new data with the release of its Payment Optimisation Index and Playbook, presenting an industry-wide evaluation of where holdups remain across the payment lifecycle. SWIFT stated that while the cross-border “in-flight” period—the time when funds move between banks internationally—now accounts for less than 20% of overall payment duration, approximately 80% of the time taken for end-to-end delivery comes from activities within the destination institution. This includes final validation, compliance checks, internal routing, and crediting to the recipient’s account.
Complex regulatory requirements, country-specific currency controls, inconsistent 24/7 access to payment infrastructure, and manual processes within banks contribute significantly to these last-mile delays. The impact of these challenges varies widely depending on local systems and internal protocols, resulting in uneven customer experiences even when the core network is performing efficiently.
Supporters of XRP have highlighted that speed and cost challenges often arise once traditional cross-border payments exit the main messaging networks, with the “last mile” becoming a persistent bottleneck for correspondent banks.
Industry trends and crypto market reactionsSWIFT’s focus on downstream inefficiencies has attracted the attention of the digital asset community. Proponents of blockchain-based solutions, such as those using the XRP Ledger and Ripple’s On-Demand Liquidity (ODL), have frequently referenced these bottlenecks in their critique of established banking channels. Ripple, a US-based fintech company, champions blockchain-powered alternatives to traditional correspondent banking by offering faster settlement and lower costs for international payments.
SWIFT remains committed to advancing its services within the established financial system, but is also exploring technologies like blockchain ledgers in specific scenarios. Its latest performance statistics are in line with the G20’s policy objectives for improving cross-border payment speed, cost, and transparency by 2027.
For commercial banks and payment providers, the findings suggest that further improvements will depend heavily on streamlining domestic processing, compliance checks, and local infrastructure once payments reach their destination. SWIFT’s new framework aims to guide financial institutions in identifying and resolving these persistent issues.
Whether the next breakthroughs involve enhanced legacy systems, stablecoins, or innovations like digital asset bridges leveraging XRP, industry analysts broadly agree that attention has shifted to eliminating the final stages of friction in cross-border payments.
Mini dictionary: SWIFT, the Society for Worldwide Interbank Financial Telecommunication, is a cooperative supporting financial institutions worldwide with secure messaging services and standards for international payments.
Payment StageShare of Total TimeIn-flight (between banks)Less than 20%Post-arrival processingApproximately 80%The publication of the Payment Optimisation Index is expected to provide a common structure for banks, market infrastructures, and policymakers to address last-mile inefficiencies across global financial networks.
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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The altcoin market is showing fresh strength after months of weak performance, but analysts are still waiting for stronger confirmation before calling it a full-fledged altseason. The altcoin market cap jumped $215 billion, or more than 24%, between August 19 and 22.
According to analyst Darkfost, the rally has reversed a long period of inactivity when around 80%-85% of Binance-listed altcoins were trading below their 200-day moving averages. He sees the scale of the move as an early altseason, but says the market is now looking overbought and sees a short-term pullback. Looking at the current sentiment, another crypto analyst Known as Crypto kid is also bullish on selected altcoins but says traders should not mistake the current rally for a confirmed altseason. Here are the few altcoins he is watching.
XRP Remains the Top PickXRP stands out as the top altcoin pick after its strong recent recovery.
The current indication is the falling-wedge formation, followed by a multi-cycle retest and bullish pennant.A double-candle reversal then provided another bullish sign. From around $1.16, XRP rallied roughly 39%-40%, while the move from the original signal reached about 45% at its peak.However, XRP is now facing major resistance around the neckline of a large double-top formation connected to its 2021 bull-market highs.The analyst is holding his spot XRP for the long term but says traders using leverage should consider taking profits after such a sharp move.Hyperliquid Gets Strong Fundamental SupportHyperliquid (HYPE) is another major project on the analyst’s radar.
At present HYPE is one of the strongest projects in the market because its business model generates revenue that can directly support the token through repurchases.Institutional investors have also shown strong interest in Hyperliquid.Moreover, President Trump recently announced that HYPE can potentially become available for US perpetual derivatives trading, with Mike Selig mentioned as working on the possibility.If access to the US market expands, higher trading activity may increase Hyperliquid’s revenue and potentially create additional token-buying pressure.Zcash Gains Momentum After BreakoutZcash (ZEC) has also emerged as a trading opportunity after breaking out of a bullish pennant.
The analyst believes Bitcoin generally leads major market moves before capital rotates into altcoins. Zcash remains the standout altcoins this cycle, surging above $850 and gaining over 70% in a week, its highest level since 2018.Meanwhile, Grayscale made two Zcash ETF filings in August, while a DCG subsidiary is discussing contributing around 200,000 ZEC to the fund.While he does not strongly favor Zcash from a fundamental perspective, he sees the technical breakout as an opportunity worth watching.Solana Eyes $150 After Key BreakoutSolana (SOL) is showing a setup that the analyst compares with its 2023 price structure.
SOL has consolidated after a period of weakness and is now approaching important EMA resistance.A confirmed weekly breakout above around $98 possibly builds the setup.If that level is successfully reclaimed and held, the analyst sees $150 could become a realistic next target.He is accumulating SOL through spot holdings rather than leverage, given the volatility across altcoins.Is Altseason Finally Here?Not yet, according to the analysts. Bitcoin dominance remains around 59.69%, while Ash Crypto says a sustained move below 58% would provide stronger confirmation of a broader altcoin rotation. The Altcoin Season Index is at 48, well below the 75 threshold generally associated with altseason.
Darkfost sees the recent rally as an early movement, but the market may need to cool before another major move. If Bitcoin continues higher and capital starts rotating more consistently into altcoins, the current rally could develop into a broader altseason.
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Ripple (XRP) and Stellar (XLM) are showing signs of renewed strength after rallying over 53% and 27% in the previous week. Meanwhile, both altcoins are approaching key technical levels on Tuesday that could determine their next move. However, mixed on-chain signals with a slight bearish tilt suggest traders remain cautious amid the recent price gains.
On-chain data shows mixed biasCryptoQuant’s summary data shows cautious optimism. XRP’s futures markets show large whale orders but overheating conditions after the recent price surge. Other metrics remain neutral, highlighting a mixed sentiment among traders.
Meanwhile, XLM shows selling-side dominance in both markets and large whale orders, hinting at cautious sentiment among traders.
XRP summary chart. Source: CryptoQuant
XLM summary chart. Source: CryptoQuantDespite this mixed outlook, institutional demand for XRP remained robust. SoSoValue data showed spot Exchange Traded Funds (ETFs) recorded a $13.82 million inflow on Monday, marking the fifth consecutive day of inflows since last week. If this trend continues and intensifies throughout the week, XRP could extend its rally.
Total XRP spot ETF net inflow daily chart. Source: SoSoValueXRP technical outlook: Nears key resistance zoneXRP price trades at $1.526 on Tuesday after surging over 53% in the previous week. XRP maintains a clear bullish near-term bias, holding well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $1.157 and $1.350, which now underpin the uptrend.
The Relative Strength Index (RSI) around 82 signals overbought conditions, while the Moving Average Convergence Divergence (MACD) stays positive with the line above its signal and a still-broadening histogram, suggesting strong but stretched upside momentum.
On the topside, immediate resistance emerges at $1.526, the nearby horizontal cap just beyond the current price, with a higher resistance at $1.900.
On the downside, the rising EMA cluster provides initial support, led by the 200-day EMA at $1.350 and the 100-day and 50-day EMAs at $1.188 and $1.157, respectively. At the same time, a deeper pullback could revisit the horizontal floor near $1.000 if profit-taking accelerates from overbought territory.
XRP/USDT daily chartXLM technical outlook: 200-day EMA holds strongStellar price trades at $0.196 on Tuesday after rallying over 27% last week. The near-term tone is bullish as price holds above the 50-day, 100-day and 200-day EMAs clustered between roughly $0.180 and $0.190, suggesting a constructive base after the recent breakout.
The RSI hovers near 65, pointing to firm yet not extreme upside momentum, while the Moving Average Convergence Divergence (MACD) remains positive with the MACD line above its signal line and a still‑positive histogram, hinting that buyers retain control despite the broader downtrend resistance line still looming overhead.
On the topside, initial resistance is seen at the 61.8% Fibonacci retracement near $0.200, with further barriers at the 50% retracement around $0.218 and the 38.2% Fibonacci retracement level near $0.237.
On the downside, immediate support emerges at the 200-day EMA around $0.190, followed by a dense demand zone formed by the 100-day and 50-day EMAs at $0.179 and $0.177, and the nearby horizontal support at $0.177.
XLM/USDT daily chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin is trading marginally higher on Monday as cryptocurrencies digest last week’s gains.
Notable Statistics:
Coinglass data shows 90,337 traders were liquidated in the past 24 hours for $420.39 million. SoSoValue data shows net inflows of $307.5 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $184.9 million. In the past 24 hours, top gainers include Injective, POL and Pudgy Penguins. Notable Developments:
Bitcoin’s 7-Sigma Move Signals a Big ‘Macro Transition’Strategy Raises $2 Billion as Bitcoin’s 24% Surge Turns Holdings ProfitableBitcoin Will Go To $85,000 Before a Dip but the Real Story Is Its Role in the AI Economy, Expert ArguesBitmine Buys $81 Million In Ethereum as BMNR Surges 4%: What’s Going On?CRCL Could Hit $140, Says Bernstein as Cathie Wood Praises Circle’s DisruptionEthereum Surged 30%, Watch Stocks to See What Happens Next, Top Analyst SaysThe Bitcoin, Ethereum, XRP Record Week Was Just ‘The Beginning,’ Prominent Analyst SaysTrader Notes:
Michael van de Poppe said “hyped” bullish sentiment could trigger a brief market sweep, flushing out leveraged long positions.
Crypto chart analyst Ali Martinez said Bitcoin’s reclaim of the 1,130-day SMA above $74,000 is a bullish signal, noting the level has historically marked the end of bear markets.
If the pattern repeats, Martinez believes Bitcoin’s bottom may already be in.
Daan Crypto Trades said Bitcoin is still outperforming most top 50 altcoins, with rising BTC dominance signaling a healthy Bitcoin-led breakout.
He added that widespread rallies in riskier altcoins typically emerge closer to a local market top.
Image: Shutterstock
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Leading cryptocurrencies and adjacent equities climbed on Monday as sustained demand continued to drive the ongoing rally.
Crypto Market AscendsBitcoin came close to breaking above $80,000 as strong buying continued to fuel its rally. Trading volume jumped 78% over the last 24 hours.
Ethereum rose to its highest level in almost seven months, trading between $2,425 and $2,530. Dogecoin was the outlier, falling 0.57% in the last 24 hours.
Cryptocurrency-related stocks also lifted, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing up 2.83% and 5.74%, respectively.
Over $420 million was liquidated from the cryptocurrency market in the last 24 hours, nearly evenly split between long and short positions, according to Coinglass data.
Bitcoin’s open interest fell 1.21% over the last 24 hours. Smart money sentiment, which refers to the collective outlook and capital allocation of institutional investors, turned "extremely bullish."
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.68 trillion, following an increase of 2.36% over the last 24 hours.
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S&P 500 Closes in the RedMajor indexes started the new trading week lower. The S&P 500 slid 0.28% to close at 7,652.86, while the tech-focused Nasdaq Composite declined 0.76% to end at 25,980.19.
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The Dow Jones Industrial Average was the silver lining, rallying 140.15 points, or 0.26%, to settle at 53,417.16.
Nvidia Corp. (NASDAQ: NVDA) second-quarter earnings report could be the key market catalyst this week.
Investors will later turn their attention to Fed Chair Kevin Warsh’s Friday speech at Jackson Hole, watching for signals about the central bank’s long-term monetary policy plans.
Another Bitcoin Bull Signal?Ali Martinez, a widely followed cryptocurrency analyst and trader, noted Bitcoin reclaiming its 1,130-day simple moving average as support after 80 days.
“Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving average,” Martinez stated. “If history repeats, the market bottom may already be in.”
Michaël van de Poppe, another popular cryptocurrency researcher, said Bitcoin’s liquidity sweep of recent lows around $76,400, or, in a worst-case scenario, $74,000, could pressure altcoins lower.
Van de Poppe warned that even in a mild correction, altcoins can drop 10%-20% rapidly due to their higher volatility relative to Bitcoin.
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Nomura's Digital Asset Arm Breaks a Four-Year Licensing GapLaser Digital Japan, the Japanese subsidiary of Nomura's digital assets arm, has completed its registration as a Crypto Asset Exchange Service Provider under Japan's Payment Services Act.
Liquidity First, Institutional Trading to Follow
The timing is deliberate.
Sources:
Nomura Holdings: Laser Digital Japan Receives Regulatory Approval
Laser Digital Official Announcement
CoinDesk: Nomura-backed Laser Digital Wins Japan's First Crypto Approval in Four Years
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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XRP has moved from under $1 to around $1.50 in less than two weeks, crowding news headlines with its rally. Now, is it time to bank gains into strength, or keep full exposure to a trade that is increasingly running on leverage rather than fresh spot demand?
XRP briefly touched $1.69 on August 22 before retreating toward the $1.50–$1.53 range. By August 23, the token was at $1.48, up 47.77% over seven days, with a market cap of $92.95 billion and $22.45 billion in daily volume.
The rally is also riding a strong market backdrop. Bitcoin climbed from $62K to $77K over the same window, while the crypto Fear & Greed Index reached 67, classified as Greed. XRP has simply moved much faster, with spot ETF inflows adding another layer of demand.
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The Overbought Signal and a Long Heavy Derivatives BookSpot XRP ETFs recorded $18.38 million in net inflows on August 21, with Bitwise accounting for about $16.89 million. Weekly inflows approached $40 million, reportedly the strongest week for XRP ETFs since May. Cumulative net inflows are near $1.55 billion.
That gives XRP a legitimate spot demand story. The problem is that tens of millions in weekly ETF inflows remain small compared with a market cap above $90 billion. The rally, therefore, appears to be getting help from both real demand and increasingly aggressive derivatives positioning.
XRP ETF, CoinglassThe technical picture adds another warning. One widely cited reading placed daily RSI near 85.4, deep into overbought territory, while other estimates put it between 70 and 83. Neither guarantees a reversal, but both show how far XRP has moved in a very short period.
Leverage tells the more concerning story. XRP futures open interest jumped 34.49%, or roughly $939 million, to about $3.66 billion over seven days. Binance positioning data showed 72.1% of accounts long versus 27.9% short.
That is a crowded trade. Twenty-four-hour liquidations reached $70.74 million, with longs accounting for $54.68 million, or 77.3% of the total. Three-day liquidations reached $145.15 million, while the largest single wipeout hit $50.27 million on August 22.
XRP Liquidation, CoinglassFunding also remained positive at 0.01% every four hours, equivalent to an annualized rate near 24.94%. Longs are still paying a premium to stay in the trade even after taking heavy losses.
Short covering helped fuel the earlier move, too. At present, roughly $2.2 million in short positions are at risk as XRP pushed through $1.40 to $1.50. But forced short covering is less durable than unleveraged spot buying.
That makes taking some profit increasingly reasonable. A 20% to 30% trim around current levels would lock in part of the gain while retaining exposure to a possible move toward $1.65 to $1.70 and potentially $2.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Forget The News, XRP Still Has a Structural Bull CaseThe bullish case is not purely technical noise. Ripple CEO Brad Garlinghouse joined the inaugural meeting of the CFTC’s Innovation Advisory Committee alongside representatives from major financial institutions. He described the group as an “Olympic roster of crypto.”
That is notable for XRP, which spent years fighting an SEC enforcement action. Still, the committee seat is a policy forum role, not a court ruling or formal legal classification. The SEC’s new “Regulation Crypto Assets” proposal also does not settle the separate Ripple case.
The CLARITY Act remains another major variable. The legislation could classify XRP as a digital commodity under CFTC oversight, but political momentum does not guarantee passage. That uncertainty leaves the rally exposed to disappointment if expectations run ahead of reality.
RLUSD adds to the Ripple ecosystem story, with its market cap growing to roughly $2.1 billion from about $1.5 billion at the start of the year. However, apart from the news, this does not prove direct demand for XRP because the two assets serve different functions.
However, after a 50% rally in less than two weeks, taking something off the table is not the same as turning bearish. It simply means keeping exposure to the upside while making sure the market does not take back gains that are already there.
Discover: The Best Crypto to Diversify Your Portfolio
XRP price hovered near $1.47 after cooling, following a 50% surge during the past week.
The overall cryptocurrency market has gained 1.61% in the last 24 hours, and the market cap has reached about $2.62 trillion.
Bitcoin price stayed above $77,000, and Ethereum price stood at $2,400 as the improving mood boosted profits in the cryptocurrencies. The institutional and retail involvement rose with the Fear and Greed Index remaining in the greed range.
Institutional Demand Strengthens XRP Rally Institutional growth optimism was boosted as spot XRP exchange-traded funds (ETFs) had their highest weekly inflows since May. The product got $39.8 million in 4 weekly inflow sessions.
That was their highest week since mid-May when similar funds raised about $60.5 million.
Spot $XRP ETFs just saw their best week since May.
Spot @Ripple ETFs are on a four-day net inflow streak, and have recorded a staggering +$39.8M in net inflows this past week.
This is the biggest single-week net inflow the ETFs have seen since mid-May, when they clocked some… pic.twitter.com/7E3eYyVAq5
— BSCN (@BSCNews) August 23, 2026
Daily net inflows for United States spot XRP ETFs on August 21 were worth $18.38 million.
Trading volume of the listed products was valued $94.03 million which maintained the investors’ interest.
Total net assets rose to $1.33 billion and cumulative inflows since launch rose to $1.55 billion.
That equated to almost 1.54% of XRP’s total market value, which demonstrates the products’ growing market share.
Source: Sosovalue data But, XRP needs to defend the recent support levels to continue the momentum following its surging weekly rise.
Demand for the ETF coupled with a relatively quiet environment could encourage further advances but there is a near-term risk of profit-taking.
Will the Rally Continue? As of writing, the XRP price rallied almost 50% during the weekly rally, reaching the $1.45 mark. The token, however, fell back from $1.60 after traders took profits on the sharp rally.
On the 4-hour chart, XRP is still holding to the critical $1.40 support level. This area is the key to see if the bigger bull market structure is going to hold or not.
The Relative Strength Index fell back to 58.80 from overbought levels. This pull-back indicates that momentum has weakened a bit, however, XRP remains moderately bullish.
The MACD line meanwhile crossed below the signal line, engendering a bearish crossover. The negative histogram reading of 0.0170 also points to increasing short term pressure.
Source: XRP/USDT 4-hour chart: TradingView A recovery above $1.50 could help XRP target the recent $1.60 resistance level. The momentum above $1.60 could pave the way to levels of $1.70 and $1.80.
But the loss of $1.40 could lead to more losses for XRP with a move back to $1.30. If selling pressure persists, the next major support level would come at $1.20.
After a 52% jump in valuation over a week, one XRP (CRYPTO: XRP) analyst says the token could extend its sharp rebound toward $2 if bulls defend a key support zone.
Will XRP Bulls Defend a Key Zone?Cryptoinsightuk says XRP’s $1.36-$1.43 range is his first area of interest after the altcoin’s aggressive move off recent lows.
The trader noted that buyers have repeatedly defended the zone following XRP’s move to $1.70.
The detailed X post on Monday highlighted that subsequent retests have also held, potentially establishing a series of higher lows.
The latest consolidation could be the beginning of a higher-low structure.
However, Cryptoinsightuk acknowledged that XRP could instead be forming a deeper ABC correction.
He believes continued strength in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) could provide enough market-wide momentum for XRP to resume its rally.
Could XRP Race Above $2?The trader also warned investors not to underestimate XRP’s ability to make rapid moves during periods of expanding crypto volatility.
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He pointed to 2017, 2021 and 2024 as examples of periods when XRP price action became "extremely aggressive," leaving traders with limited opportunities to enter on meaningful pullbacks.
If XRP produces another weekly candle similar to last week, Cryptoinsightuk said the token could potentially already be trading above $2.
Cryptoinsightuk stressed that he is not advocating chasing green candles. Instead, he said his strategy has been to dollar-cost average during weakness in preparation for the possibility of an explosive recovery.
Volatility Could Be ReturningThe trader said crypto has just emerged from one of the lowest-liquidity and lowest-volatility periods he has witnessed, potentially setting the stage for much larger price swings.
"Does that mean XRP is about to explode right now? No. Nobody knows," Cryptoinsightuk said in a separate post.
Image: Shutterstock
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XRP trades at just under $1.50 after failing to hold the handle. The question now is whether this is a routine cooldown or the start of something uglier. Here’s our full XRP price prediction.
Just last week, XRP spiked over 20%, briefly touching $1.70 on August 22, its highest print since January. The rally unwound fast once Bitcoin stalled near $80,000 and dropped below $76,000, triggering a market-wide leverage flush that dragged XRP down with it.
$XRP ran from $1.00 to $1.70 fast. Now sitting at $1.47–$1.50 cooling off. Structure still intact — this looks like a reset, not a reversal.https://t.co/XWBgZfmqS5
— Ripple Bull Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) August 24, 2026 Daily RSI hit roughly 80, way overbought territory, just right as price hit the $1.70 resistance zone, an area stacked with trapped longs from multiple 2025 swing highs looking to break even.
Bitcoin has since clawed back to around $77K, but the broader market has largely priced in last week’s positive catalysts and needs something new to keep pushing higher. For XRP specifically, that “something new” has a name and a date: the Clarity Act, potentially hitting the Senate floor in mid-September.
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XRP Price Prediction: Hit $1.70 Again This Week?XRP is consolidating in a tight band between $1.45 support and $1.51 resistance, with the daily pivot sitting at $1.49, essentially a coin flip zone. Volume has cooled from last week’s frenzy, a sign the FOMO-driven buying has largely exhausted itself for now.
Trading above every major daily moving average still technically favors bulls, but stretched momentum after a 51-52% weekly gain rarely resolves cleanly. If A Senate vote on the Clarity Act in September removes regulatory overhang, spot volume could surge, and XRP could clear $1.70 to challenge $2 and eventually $3.
However, price could chop in the $1.40-$1.51 range while the market waits for a catalyst, testing patience more than conviction. A clean break below $1.45 opens the door to the 0.382 Fibonacci support at $1.35-$1.40, with deeper structural floors at $1.25 and $1.18 if momentum fully unwinds.
A bullish structure survives a test of $1.35, but it won’t survive a break below it.
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LiquidChain Targets Early Mover Upside as XRP Tests Key LevelsAnyone who bought XRP under $1.20 last week is sitting comfortably. But here’s the uncomfortable math: even a clean breakout to $3 from here is roughly a 2x from current levels. It’s solid, but not the kind of move that changes a portfolio’s trajectory.
At XRP’s market cap, the era of 50x moves is over. That capital has to go somewhere if traders want asymmetric upside, and increasingly it’s rotating toward earlier-stage infrastructure plays.
LiquidChain is one of the presales absorbing that rotation. It’s a Layer 3 execution environment fusing Bitcoin, Ethereum, and Solana liquidity into a single unified layer. With Liquid, developers deploy once and reach all three ecosystems, rather than fragmenting liquidity across chains.
The presale sits at $0.0149 per token with $950K raised so far, still 100X from here to the current XRP price.
Core features include Single-Step Execution and Verifiable Settlement, both aimed at solving the cross-chain liquidity fragmentation problem that’s plagued DeFi for years.
Research LiquidChain while the raise is still active.
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Bitcoin’s 25% weekly rally has dragged a small group of altcoins sharply higher, with Zcash (ZEC), Aave (AAVE), and XRP printing the strongest weekly candles among large caps.
Bitcoin trades near $78,702 after reaching its highest level since May. Meanwhile, all three altcoins cleared long-standing technical resistance on rising volume, which suggests the move runs deeper than short-term momentum.
Zcash gained 75.5% last week, its largest weekly candle of the cycle. ZEC now trades at $846.51, down 1.19% over 24 hours.
The rally pushed ZEC above the November 2025 peak at $749. Price now sits inside the first target zone, which ends at the 1.272 Fibonacci extension at $903.
ZEC weekly chart. Source: TradingViewAbove that level, the 1.618 extension at $1,099 becomes the next objective. Support sits at the 0.786 Fibonacci level near $628, with a deeper floor at $533.
However, the weekly RSI has reached 70, placing ZEC on the edge of overbought territory. Volume also stayed thin through the range before last week’s spike.
Aave Escapes a Seven-Month Descending ChannelAave rose 64.5% and broke out of the descending parallel channel that had capped it since January. AAVE trades at $136.08, down 3.08% on the day.
The breakout cleared the $125 resistance band, which now flips to first support. Below that, the former channel floor near $90 marks the next line of defense.
AAVE weekly chart / Source: TradingviewThe next hurdle sits at $150, the zone AAVE broke down from in early January. Last week’s high of $144.68 already came within 4% of it.
A weekly RSI of 60 leaves room before overbought conditions appear, unlike ZEC. Institutional interest in Grayscale and other funds has also built up throughout the year.
XRP Breaks a 13-Month Descending TrendlineXRP climbed 53% and broke the descending trendline drawn from its July 2025 record near $3.66. That line has rejected four rally attempts since then.
XRP trades at $1.50, down 1.02% over 24 hours. Volume on the breakout candle reached its highest level since February, indicating genuine participation.
XRP weekly chart. Source: TradingViewPrice also cleared the May swing high at $1.4735 and turned it into support. Resistance now sits at the 0.618 Fibonacci level at $1.70.
Weekly RSI at 57 remains neutral, leaving XRP with the most headroom of the three tokens.
Each setup rests on Bitcoin holding its gains. A rejection below $80,000 would likely stall these breakouts at their first resistance levels. Conversely, continued strength keeps $903 in ZEC, $150 in AAVE, and $1.70 in XRP in play.
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XRP has staged a massive multi-week recovery, surging over 47% in just seven days to test a critical structural ceiling around the $1.50 level.
However, following an explosive, near-vertical rally off the August market lows, price action has once again arrived at a stubborn resistance zone.
According to popular chart analyst Dom, known on the X platform as @traderview2, clearing this overhead barrier is the ultimate prerequisite for the cryptocurrency to unlock its next major leg upward toward the $1.80 range.
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With relatively thin resistance observed in higher-order books, market participants are watching closely to see if aggressive bullish volume can sustain a breakout above this multi-month pivot.
Failed attempts Throughout the current year, XRP bulls have attempted to breach and hold above this precise level on at least four separate occasions, with each attempt resulting in immediate rejection and a subsequent downtrend.
The analyst noted that before the prior capitulation phase, the price briefly spiked through the $1.50 mark to sweep liquidity but ultimately failed to establish structural acceptance above it.
Dom emphasized that if buyers can successfully consolidate and hold above this barrier, the $1.80 range becomes the primary destination, referred to by the analyst as the ticket.
The key level A prominent green horizontal resistance zone near $1.50 dominates the chart, explicitly marked with cyan circles that illustrate the repeated rejections experienced in February, March, April, and May.
XRP entered a prolonged capitulation phase that culminated in a drop to the Value Area Low near the $1.00 mark in early August.
From that macro bottom, the asset experienced a sharp V-shaped recovery with a near-vertical expansion candle pointing directly into the overhead resistance zone.
A long upper wick on the recent daily candle demonstrates strong buyer momentum tapping into liquidity above $1.50. However, the price has momentarily pulled back to digest those gains.
The past seven days have delivered one of the broadest crypto rallies seen in 2026, with roughly 90% of digital assets posting meaningful gains. Nine tokens stood out by recording weekly gains of at least 40%: $XRP, $POL, $PEPE, $AAVE, $PENGU, $ZEC, $PUMP, $TRUMP, and $ENA.
ENA and TRUMP Lead the Pack @ethena's $ENA token and @GetTrumpMemes dominated the leaderboard, surging 90.8% and 77.7% over the seven-day period respectively. For ENA, the move was underpinned by a significant protocol development.
XRP Fuelled by Policy Momentum $XRP was another standout, posting one of its sharpest weekly moves in months. Multiple catalysts aligned to drive the advance. On the regulatory front,
The rally was not confined to a handful of names. Across the broader market,
Whether the momentum holds will depend on sustained inflows and continued macro tailwinds, but for now the weekly numbers mark a decisive shift in market sentiment.
Sources:
crypto.news: XRP's 50% weekly surge and what is driving it
CryptoTimes: What's fueling ENA's sudden $800M volume spike
Bloomingbit: Altcoin rally broadens as 280 of top 300 tokens rise
Zach Rector discussed the recent rapid ascent in XRP’s price, highlighting how thin liquidity conditions can drive substantial moves in digital asset valuations. Rector, a well-known YouTube host who analyzes XRP market dynamics, pointed to a two-day window in which XRP surged from approximately $1 to $1.70.
Market cap surge outpaces exchange inflowsDuring this period, Rector calculated that the increase in XRP’s market capitalization amounted to $43.74 billion, while net exchange inflows were only about $44.3 million. He derived a “986x market-cap multiplier” by dividing the market cap jump by the net exchange inflows.
This calculation, Rector argued, undercuts the common claim that XRP needs trillions of dollars in new investment to see its price dramatically increase. Rather, he emphasized that market capitalization reflects circulating supply multiplied by the last traded price and not the sum of actual capital entering the asset.
Analyzing CoinGlass’s four-hour exchange flow data, Rector tracked XRP activity from August 19, when the price hovered around $1, to August 21, as it peaked at $1.70. He measured roughly $105 million in exchange inflows and $60 million in outflows across major platforms, producing a net figure of $44.3 million.
DatePriceMarket CapNet Exchange FlowsAugust 19$1.00$62 billion—August 21$1.70$106 billion$44.3 millionRector attributed the sharp rise mainly to limited sell-side liquidity. He observed that few sellers remained until XRP reached the $1.60 to $1.70 range, which he described as the upper limit of its established trading range since February. He also cautioned that these conditions can cause drops to accelerate as quickly as rallies.
When sell orders are scarce, price can move sharply, but the same thinning of liquidity that accelerates upward moves may also intensify declines—especially around resistance areas like $1.70.
Technical signals and analyst projectionsThe video also focused on XRP’s technical position, noting the weekly close near its 50-week moving average, identified at $1.54. At the time, XRP traded close to $1.51, with the upcoming close considered an important test for confirming further upside momentum.
Rector referenced a YouTube appearance by Canary Capital CEO Steven McClurg, who stated that seeing XRP reach above $3 or even $4 in the next year would not surprise him. Several analysts, including XForce Global and ChartNerd, have projected even higher price targets through Fibonacci extensions—some as high as $8, $13, and $27 by 2030.
Despite these projections, all such predictions remain speculative, as market conditions and technical setups can shift quickly. The exchange-flow analysis, while notable, does not encompass all elements of XRP’s trading ecosystem such as spot, derivatives, over-the-counter, or market-maker activity, and thus cannot fully explain the drivers of market capitalization changes.
Mini dictionary: CoinGlass is a cryptocurrency analytics platform that provides real-time data on exchange inflows, outflows, derivatives, and other trading metrics for digital assets like XRP. Its data is frequently cited by crypto analysts for flow-based market evaluations.
The main lesson highlighted by Rector is that thin order books can dramatically accelerate both rallies and corrections. Significant technical levels such as $1.54 and recent resistance near $1.70 continue to draw close attention from traders and market analysts.
Analysts continue to caution that while large price moves may not require enormous inflows, thin liquidity means that both gains and losses can be exaggerated by structural market factors.
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) ETF ürünlerinde geçtiğimiz hafta dikkat çekici bir hareket yaşandı. Kripto para piyasası genelindeki toparlanmanın etkisiyle XRP odaklı fonlara para girişi hızlanırken, haftalık toplam girişler mayıs ayından bu yana en yüksek seviyeye ulaştı. Aynı dönemde XRP fiyatı da kısa sürede güçlü bir yükseliş gerçekleştirdi.
Ağustos ayının büyük bölümünde düşük talep gören fonlar, haftanın ikinci yarısında yatırımcı ilgisini yeniden çekti. Bu değişim, XRP’nin kurumsal yatırımcılar açısından yeniden takip edilmeye başladığına işaret ediyor.
Ripple (XRP) ETF’lerinde Para Girişi Neden Hızlandı? Haftanın ilk işlem günü XRP ETF’leri açısından oldukça sakin geçti. Pazartesi günü net giriş 0 dolar olurken, ağustos ayında başlayan zayıf dönem devam etti. Ayın ilk 11 işlem gününün yedisinde fonlara herhangi bir net para girişi gerçekleşmemişti.
18 Ağustos’ta tablo değişti ve yatırımcılar XRP ETF’lerine 5,81 milyon dolar aktardı. Bu rakam, ağustos ayındaki en yüksek günlük net giriş olarak kayda geçti.
Çarşamba günü ise giriş 2,35 milyon dolarda kaldı. Aynı gün ABD Hazine Bakanlığı’nın önemli bir para politikası değişikliğini duyurması ve Donald Trump’ın Beyaz Saray’da bir Kripto Zirvesi düzenlemesi, dijital varlık piyasasındaki genel toparlanmanın başlıca katalizörleri arasında değerlendirildi.
Haftalık Girişler Hangi Seviyeye Ulaştı? Ripple ETF’lerine yönelik talep özellikle haftanın son iki işlem gününde belirgin biçimde arttı. Perşembe günü fonlara 13,24 milyon dolar, cuma günü ise 18,38 milyon dolar net giriş gerçekleşti.
Cuma günkü rakam, 14 Mayıs’tan bu yana görülen en güçlü tek günlük giriş oldu. Haftanın tamamında ise Ripple ETF’leri toplam 39,78 milyon dolar net para çekti ve böylece 15 Mayıs’ta sona eren haftadan beri en yüksek haftalık giriş kaydedildi.
Fonların toplam net girişleri de tüm zamanların en yüksek seviyesi olan 1,55 milyar dolara ulaştı. Bitwise’ın XRP fonu 542,69 milyon dolarlık kümülatif net girişle liderliğini korurken, Canary Capital’ın XRPC fonu 468,12 milyon dolar ve Franklin’in XRPZ fonu 434,16 milyon dolar seviyesinde bulunuyor.
Bu veriler, kripto yatırımı tarafında XRP’ye yönelik kurumsal talebin yalnızca kısa süreli bir fiyat hareketinden ibaret olmayabileceğini gösteriyor.
XRP Fiyatı 72 Saatte Nasıl Yükseldi? XRP, Bitcoin ve diğer büyük altcoinlerin yükselişe geçtiği çarşamba günü başlangıçta aynı ivmeyi yakalayamadı. Ancak fiyat hareketi başladığında yükseliş oldukça sert oldu.
XRP önce 1 dolar seviyesindeki desteği korudu. Ardından gelen güçlü alımlarla cumartesi sabahı 1,70 dolara kadar yükseldi. Böylece XRP, 72 saatten kısa bir sürede yaklaşık %70 değer kazandı.
Bu hareket, XRP’nin altcoin piyasasındaki performansını da yeniden gündeme taşıdı. Fiyatın 1 dolar desteğinden 1,70 dolara çıkması, yatırımcıların kısa sürede pozisyonlarını önemli ölçüde artırdığını gösterdi.
XRP İçin Şimdi Hangi Seviyeler İzlenmeli? Hızlı yükselişin ardından XRP’de kâr satışları görülmeye başladı. Güncel durumda XRP, %2,21’lik düşüşle 1,48 dolar civarında işlem görüyor.
Bu nedenle yatırımcıların yalnızca ETF girişlerine değil, fiyatın 1 dolar desteğini ve son yükselişte oluşan seviyeleri nasıl koruduğuna da dikkat etmesi gerekiyor. ETF’lerdeki güçlü para akışı olumlu bir talep göstergesi olsa da kısa sürede %70 yükselen bir varlıkta volatilitenin yüksek kalması şaşırtıcı olmaz.
Sonuç olarak XRP ETF’lerinde 39,78 milyon dolarlık haftalık giriş ve 1,55 milyar dolarlık toplam net akış önemli veriler olarak öne çıkıyor. XRP’nin 1 dolardan 1,70 dolara sıçramasının ardından 1,48 dolara gerilemesi ise yatırım kararlarında fiyat hareketinin de yakından izlenmesi gerektiğini gösteriyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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Ripple has advanced further into traditional finance with a $275 million private bond sale conducted by Ripple Prime, as reported by crypto researcher BankXRP. This move signals Ripple’s increasing integration with institutional capital markets and sheds light on the company’s evolving brokerage operations.
Ripple Prime’s $275 Million Bond IssuanceBankXRP shared that Ripple Prime, which was formerly known as Hidden Road before Ripple’s $1.25 billion acquisition, completed the bond sale with an annual coupon rate of 8.25% and a maturity set for 2031. The researcher noted that Kroll assigned the firm a BBB credit rating, representing the first time a crypto-owned broker-dealer has achieved investment-grade status.
The financing allows Ripple Prime to access debt capital while developing its credit profile. A Bloomberg screenshot linked to the discussions identified Ripple Prime CIV US BD Holdco LLC as a special purpose entity responsible for issuing debt securities. According to the entity’s description, the proceeds will be used to refinance existing credit facilities, support future acquisitions, and manage outstanding debt.
BankXRP emphasized the BBB rating from Kroll, describing it as a milestone for crypto companies making inroads into institutional finance. The business structure and bond terms underscore Ripple Prime’s growing connections to traditional debt markets while maintaining its activity within the digital asset sector.
The reported $275 million bond sale by Ripple Prime, with an 8.25% coupon and BBB rating from Kroll, marks the first investment-grade classification for a broker-dealer owned by a crypto company.
Key Terms: 8.25% Coupon, 2031 Maturity, BBB RatingThe 8.25% coupon reflects the annual interest rate investors will receive on the bonds, while the maturity date of 2031 sets the horizon for repayment of principal. These terms are regarded as evidence of Ripple Prime’s entry into conventional fixed-income markets while retaining a foundation in digital assets.
The BBB rating has attracted particular interest from analysts and the crypto community. Blue highlighted questions over whether Ripple Prime required the entire $275 million immediately or if securing a credit rating was equally important for the company’s strategic development. The investment-grade rating is seen as a step that could encourage further participation from institutional investors in the sector.
Lily Lam commented on the implications of obtaining a BBB rating, noting its importance for the credibility of crypto broker-dealers, but also expressed concern about the cost of financing at an 8.25% rate extending to 2031. She further questioned whether Ripple Prime would release detailed financial statements, pointing to broader transparency expectations among investors.
Questions remain over Ripple Prime’s future financial disclosure and whether establishing a robust credit rating will translate into additional transparency for stakeholders.
Market Context and Digital Asset Platform ToolsThe activity surrounding Ripple’s bond issuance has occurred in a market environment where sudden moves, such as shifts in Fed policy or new altcoin listings, can alter investor sentiment in seconds. As trading decisions must often be made in real-time, many investors are moving toward unified portfolio management solutions. Smart traders now rely on privacy-focused platforms like CryptoAppsy, which combine real-time charts, automated alerts, curated news, and crucial macroeconomic data onto a single interface—without requiring users to create an account.
Ripple Prime’s recent capital raise, in parallel to broader trends toward institutional-grade infrastructure, highlights both the maturation of crypto companies and the increasing importance of efficient decision-making tools for investors navigating volatile markets.
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.
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Crypto analyst Dark Defender set a new short-term price target for XRP, predicting the cryptocurrency could reach $1.88 to $2 within two days. He based his projection on a chart pattern from November 13, 2024, noting a similar setup to the conditions that sparked a 500% surge in XRP during that month.
Market momentum and historical parallelsXRP began last week trading below $1, continuing a decline that had persisted since 2025. Early in the week, however, the trading environment shifted quickly after the U.S. Treasury announced plans to double its long-term bond buybacks starting September 9.
This policy move triggered significant gains in Bitcoin and boosted wider crypto market sentiment. XRP rode this momentum and posted stronger advances than Bitcoin over subsequent days.
XRP could reach $1.88 to $2 within two days if it follows the November 2024 chart pattern observed previously.
Key events in Washington influence sentimentFollowing the Treasury announcement, President Donald Trump hosted several high-profile crypto industry leaders at the White House. Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, and executives from Robinhood were present, alongside key regulators like SEC Chair Paul Atkins and CFTC Chair Michael Selig. Ripple is a blockchain-based payments company known for the XRP token.
During the same week, the US Securities and Exchange Commission proposed a new framework for crypto regulation. This structure features two exemption mechanisms for fundraising and a safe harbor provision. Under the safe harbor, digital tokens can move out of securities classification once their blockchains are operating independently.
CFTC Chair Michael Selig stated that the Commodity Futures Trading Commission will proceed with formal crypto market rules regardless of the CLARITY Act’s outcome in the Senate on September 15. XRP reached $1.68 by the end of the rally before pulling back to $1.48.
Mini dictionary: The CLARITY Act is draft U.S. legislation designed to provide regulatory certainty for digital asset markets and clarify whether certain crypto tokens should be classified as securities or commodities.
Community reaction and skepticismThe crypto community provided varied reactions to Dark Defender’s price forecast. Some praised his analysis and encouraged him to continue posting, expressing concern after he declared he would cease activity on X (Twitter) until his verified status was restored. Others appealed directly to Elon Musk, hoping his blue check mark would be reinstated to restore visibility to his updates.
Many community members remain optimistic, with one stating he has held his XRP position for three years and is prepared to wait longer. Another interpreted the current rally as likely to continue at least until the Senate addresses the CLARITY Act, predicting additional gains if the legislation is approved.
However, more skeptical voices pointed out that relying strictly on past chart patterns may overlook changes in the market structure. One cited the shifting Binance Top Trader ratio and the rise of algorithmic trading as evidence that the landscape for XRP has evolved considerably, casting doubt on the accuracy of historical analogies. Others dismissed the forecast outright, noting that past projections often missed the mark before eventually aligning with price action.
Some observers cautioned that algorithmic trading and changing market dynamics have made past chart patterns less reliable for predicting future price moves.
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.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP Ledger node operators are facing an important upgrade following the latest xrpld version 3.3.0 release.
This has prompted a new alert for network participants, with node operators urged to update their nodes to stay aligned with the latest improvements and fixes. The upgrade push comes as XRPL 3.3.0 gains adoption across the network.
More than 60% of XRP Ledger nodes had already upgraded to the new xrpld version, according to a recent post by XRP Ledger Operations, an X account dedicated to sharing XRP Ledger infrastructure and software updates.
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Please update your XRPL nodes to 3.3.0!
Over 60% of $XRP Ledger nodes have already been updated to version 3.3.0.
This version includes, among other improvements, the feature amendments Batch, Dynamic MPT, Permission Delegation, Sponsor, and Confidential Transfer, as well as a… pic.twitter.com/uq5COJaVyl
— XRP Ledger Operations (@XRPLOperations) August 23, 2026 The alert for node operators remains essential to avoid amendment blocking, a security feature to protect the accuracy of XRP Ledger data.
When an amendment is enabled, servers running earlier versions of xrpld without the amendment's source code no longer understand the rules of the network. Rather than guess and misinterpret ledger data, these servers become amendment-blocked and can't determine the validity of a ledger, submit or process transactions, participate in the consensus process, or vote on future amendments.
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The XRPL 3.3.0 release introduces several new amendments alongside bug fixes and build improvements. The new amendments are BatchV1_1: Atomic batch transactions (XLS-56); ConfidentialTransfer: Privacy-preserving Multi-Purpose Token transfers (XLS-0096); DynamicMPT: Multi-Purpose Token properties that issuers can make permanently immutable (XLS-94); PermissionDelegationV1_1: Granular account permission delegation; Sponsor: Reserve and transaction sponsoring (XLS-68); fixCleanup3_3_0, a bundle of amendment-gated bug fixes; all of these are up for voting.
fixCleanup3_3_0 hits 68% consensusThe fixCleanup3_3_0 amendment, a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts, has reached 68.57% consensus, with less than 12% needed for it to reach the required 80% threshold.
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Changes in the fixCleanup3_3_0 include fixes for hybrid offers being removed from the open order book when the account that placed them loses access to the permissioned domain; fixes for Automated Market Maker liquidity being included in quality estimates for permissioned DEX order books; and additional precision and rounding fixes for Single Asset Vaults and the Lending Protocol, among others.
XRP ETFs recorded nearly $40 million in inflows last week, marking their strongest weekly performance in three months.
Notably, the impressive showing came as XRP recovered and recently moved back above the $1.40 level during a broader market recovery that allowed most assets to reclaim some of their losses last week.
XRP ETFs Post Strong Weekly Inflows For the week ending Aug. 21, XRP ETFs recorded exactly $39.78 million in inflows, according to data from Sosovalue, a leading market analytics platform.
However, the week started slowly, with the products recording zero flows on Aug. 17. Inflows then reached $5.81 million on Aug. 18, before falling to $2.35 million the next day. At the time, XRP had yet to fully benefit from the broader market rally that started at the start of the week.
Interestingly, XRP’s price action improved on Aug. 19, when the token gained 10.40%. The rally continued on Aug. 20, with XRP rising another 14.68% and closing above $1.26.
Expectedly, the improving price action resulted in an increase in investor interest, as XRP ETFs recorded $13.24 million in inflows on Aug. 20. At the time, this marked their largest single-day inflow since June 29.
XRP ETFs See Record Weekly Volume The momentum continued on Aug. 21, when XRP ETFs attracted $18.38 million in inflows. This was the largest daily inflow of the week and made a major contribution to the final $39.78 million weekly total.
The last time XRP ETFs recorded weekly inflows of this size came during the week ending May 15, when the products attracted $60.5 million. Although last week’s figure fell short of the May total, it still marked the ETFs’ strongest weekly performance since then.
XRP ETFs Weekly Flows | Source: Sosovalue XRP ETFs also recorded much higher trading activity last week than they did in May. Their total weekly trading volume reached $271 million, while investors added $39.78 million to the products. By comparison, the week ending May 15 recorded only $137.21 million in total trading volume, even as inflows reached $60.5 million.
Last week’s $271 million trading volume also set a new weekly record for XRP ETFs since their launch in November 2025. The figure surpassed the previous record of $218.97 million, set by the products during the week ending Jan. 9, 2026.
Six-Week Inflow Streak The latest results also extended XRP ETFs’ weekly inflow streak to six consecutive weeks, despite XRP’s continued price struggles. Since mid-July, the products have recorded positive weekly flows, although most of the weekly totals remained relatively small.
For instance, XRP ETFs saw $1.01 million in inflows during the week ending Aug. 7 and $2.25 million during the week ending Aug. 14. Daily flows have also remained positive throughout August, with only one trading day producing an outflow.
This exception came on Aug. 5, when XRP ETFs recorded $3.58 million in outflows. Apart from that session, August has so far produced either positive or neutral daily flows, confirming steady ETF demand despite the price struggles.
The steady inflows have pushed cumulative net inflows into XRP ETFs to $1.55 billion, setting a new all-time high. Meanwhile, total net assets have also climbed to $1.33 billion.
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.
JPMorgan Chase, the largest bank in the United States by total assets, is on the cusp of achieving a rare milestone. Its market capitalization reached approximately $970 billion in mid-August, bringing it close to becoming the first bank ever to attain a $1 trillion valuation.
JPMorgan advances digital asset initiativesBeyond its record-setting market value, JPMorgan continues to innovate in the digital asset sector. Through its blockchain unit, Kinexys, the bank participated in a notable live transaction on the XRP Ledger in May. This event included companies such as Ondo Finance, Mastercard, and Ripple.
The collaboration led to a cross-border redemption of Ondo Finance’s tokenized U.S. Treasury fund, OUSG. The transaction demonstrated the capacity of blockchain technology to process the asset leg on the XRP Ledger in less than five seconds, even outside traditional banking hours.
However, JPMorgan has not shifted its core banking operations to the XRP Ledger, and XRP is not used as the bank’s primary settlement asset. The recent transaction instead reflects how institutional financial systems can interact with public blockchains while still relying on established payment and settlement infrastructure.
Mini dictionary: Ondo Finance is a decentralized finance platform focused on tokenizing real-world assets, including U.S. Treasuries, and enabling cross-border transactions using blockchain infrastructure.
Expanding tokenization beyond the XRP LedgerJPMorgan’s digital asset strategy is not limited to XRPL. In July, the Depository Trust & Clearing Corporation (DTCC), a major US post-trade financial services company, announced the execution of real production trades in tokenized securities. During these trades, JPMorgan tokenized a part of its holdings in the Invesco QQQ Trust, as well as additional securities and financial assets.
These initiatives point to a broader transformation in which traditional financial instruments such as stocks and U.S. Treasuries are increasingly represented as digital tokens and settled using blockchain networks.
The May transaction highlighted the XRP Ledger’s ability to serve as the infrastructure for asset settlement in cross-border institutional workflows. Meanwhile, other entities in the process provided payment and related services. The technical capability for settlements outside standard banking hours shows the potential for global markets to operate continuously, without the restrictions of traditional banking schedules.
EntityAssetBlockchain UsedSettlement TimeJPMorgan (with Kinexys)Tokenized U.S. Treasury (OUSG)XRP Ledger<5 secondsJPMorgan (with DTCC)Invesco QQQ Trust tokenized portionDTCC infrastructureNot specifiedParticipation by a bank nearing $1 trillion in value marks an important step for the adoption of blockchain in real-world financial transactions, especially as the market explores tokenized Treasuries and other assets.
A shift towards tokenized financeAs tokenized securities begin to play a greater role in global finance, many experts expect greater reliance on fast, public, and always-available ledgers. These platforms offer the infrastructure for continuous financial markets and frictionless settlement, making them increasingly relevant as financial institutions expand their blockchain experiments.
JPMorgan’s exploration of blockchain-based financial technology indicates a growing institutional interest in tokenizing assets, with the bank positioning itself at the forefront of this shift.
JPMorgan’s involvement in tokenized U.S. Treasury transactions and the application of the XRP Ledger highlight a trend toward integrating traditional financial assets with blockchain technology to expand operational possibilities and improve efficiency.
With JPMorgan approaching the $1 trillion market capitalization milestone, the company’s commitment to real-world blockchain transactions marks a potential shift in the way established financial institutions may operate in the future.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The capital rotation in the South Korean crypto market, which began late last week, is taking on the characteristics of an extreme market imbalance today.
Retail investors, who triggered an exodus from technology stocks, have turned XRP — the token Ripple calls its "North Star" — into a true "guiding light" for the local market this Monday, creating an unprecedented trading imbalance.
According to the latest Upbit data by CoinMarketCap, daily trading volume in the XRP/KRW pair remains firmly in first place at $319 million, accounting for 21.86% of all activity on the exchange.
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The trading imbalance continues to expand rapidly. XRP alone is absorbing liquidity, comfortably outperforming Bitcoin ($125.33 million), Tether ($179 million) and Ethereum ($92 million), while keeping the industry's biggest heavyweights below it in the top five.
XRP/KRW leads trading volume rankings on Upbit, Source: CoinMarketCapThe current craze is a direct continuation and escalation of Friday's events. During the first half of 2026, Korean traders kept their money in the KOSPI stock market amid the prolonged crypto downturn, actively buying Samsung Electronics and SK Hynix shares on the back of the global AI boom.
However, the altcoin revival that began ahead of the weekend triggered a "great rotation," which is only intensifying this Monday. Investors continue to lock in profits from technology stocks en masse, redirecting billions of dollars back to crypto exchanges.
As a result of these inflows, Upbit's daily turnover surged 250% to $1.8 billion on Friday, while Bithumb's jumped 132%. XRP immediately took the lead, attracting more than $418 million in retail inflows at its peak.
How "negative Kimchi" is fueling XRPToday, this uninterrupted inflow of capital has resulted in a powerful technical breakout on TradingView charts. XRP has secured its position at $1.51 (around 2,073 won), decisively breaking above the long-term downtrend in which the asset had stagnated since July last year.
XRP/KRW and XRP/USD daily price charts, Source: TradingViewAt the same time, a unique indicator of the growing imbalance can be observed: the "Kimchi premium" remains firmly in negative territory at around -0.5%. Local prices in Seoul continue to trade roughly in line with global markets, confirming that enormous Korean trading volumes appear to be the main global engine pushing XRP's worldwide price higher.
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Despite the current triumph, the sustainability of this extended rally remains uncertain. Korean exchange revenues nearly halved following the capital outflows at the beginning of the year, and the market's long-term prospects will depend on whether Korean traders can maintain this aggressive pace.
XRP is approaching a critical period, with technical analyst EGRAG CRYPTO highlighting a decision point in the asset’s price structure. The analysis focuses on long-term chart patterns that historically have led to significant expansions following periods of accumulation after major market corrections.
The key decision zoneAccording to EGRAG CRYPTO, XRP currently trades within a defined range set between approximately $0.91 and $1.48. This range was established after the market crash in October 2025. The upper boundary, near $1.48, is seen as the essential level that must be reclaimed for XRP to enter its next upward phase.
EGRAG’s focus remains on technical structure rather than sentiment, prioritizing market patterns over personal or collective bias. He emphasizes that sustained price action above the green-arrow zone could confirm a structural breakout.
Structure, not opinion, determines the next move for XRP. Until the asset breaks and closes above the green-arrow zone, it remains contained within the established range and is still in the accumulation phase.
Recent trading activity saw XRP test the upper edge of the range, climbing as high as $1.70 before retreating to settle near $1.48 by the weekly close. This proximity to resistance brings special attention to upcoming market closes, as a confirmed breakout would bolster bullish scenarios for the next cycle.
Historical patterns and upside targetsEGRAG CRYPTO’s historical comparison draws parallels with previous post-crash rebounds. After the COVID-driven market decline, XRP experienced an expansion near 1,800%. A similar pattern followed the FTX-related crash, with growth estimated at 1,200%.
From these two examples, the analyst calculates an average macro rally of roughly 1,500%. However, EGRAG applies a conservative assumption, anticipating that diminishing returns could limit the next expansion to around 600% over the coming cycle.
If XRP’s macro base forms at $0.98 and the next move stretches to 600%, a projection to $6.86 places the $6 to $7 area at the heart of EGRAG CRYPTO’s next price target.
The approach uses historic expansion as guidance but adapts expectations to recognize changing market dynamics and possible reduced volatility as the XRP ecosystem matures.
Accumulation and trade strategyEGRAG CRYPTO outlines a strategy built around trading within the current range and accumulating XRP rather than rotating into dollars. He does not intend to exit his position until the projected parabolic run takes form.
If the breakout above $1.48 holds, the analyst plans to sell a significant share of his XRP holdings as the token approaches the $6 to $7 region. His cycle-based framework tracks several phases: crash, accumulation, range trading, expansion, distribution, and re-entry or rotation for subsequent cycle opportunities.
Monitoring these levels has become even more pressing in today’s rapidly shifting crypto markets, where a single Federal Reserve decision or an unexpected altcoin listing can alter conditions instantly. Many active traders have started to consolidate their market monitoring by turning to privacy-first solutions like CryptoAppsy, allowing them to track real-time charts, set precise price alerts, and view coin-related news and macroeconomics from one interface, often without registering for an account.
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.
Kamilah Stevenson, a well-known wealth coach and educator, has argued that SWIFT’s recent decision to develop a blockchain-based settlement system without utilising XRP does not render the cryptocurrency’s proposed use case irrelevant for global cross-border payments.
SWIFT’s blockchain settlement trialStevenson addressed a key concern raised among XRP investors regarding SWIFT’s ongoing blockchain pilot. As the primary global banking messaging provider, SWIFT connects over 11,000 financial institutions worldwide and is central to the international transfer of payment instructions.
In July, SWIFT announced a pilot program in partnership with 17 major banks across six continents, including Citi, HSBC, Wells Fargo, UBS, and Standard Chartered. This initiative aims to test the transfer of tokenized bank deposits between institutions using a blockchain-based solution.
According to Stevenson, SWIFT’s platform integrates a modified version of Ethereum alongside tokenized commercial bank deposits. These tokenized deposits represent digital equivalents of traditional bank money but remain inside a system managed strictly by participating banks.
She emphasized that “it does not use XRP,” and described how this point had been frequently highlighted as harming XRP’s investment narrative and projected market role.
Mini dictionary: SWIFT is an interbank messaging network that plays a critical role in international finance by facilitating secure and standardized cross-border payment instructions between more than 11,000 banks and financial institutions globally.
Liquidity and the bridge asset debateStevenson’s main argument lies in distinguishing between internal transfers of a single currency and conversions between different national currencies. She explained that moving tokenized dollars is efficient among banks holding the same asset, but this process does not resolve the challenge of exchanging one currency for another, such as dollars to euros or yen.
The liquidity required for such conversions still relies on both currency pairs being readily available. Within the correspondent banking model, institutions are forced to maintain pre-funded accounts—also known as nostro accounts—in multiple currencies and regions, which results in capital being tied up and increases operational demands.
Stevenson suggested that, in theory, XRP was designed to serve as a neutral bridge asset. If implemented, it could allow banks and payment providers to exchange local currency for XRP, transfer value rapidly, and then convert XRP into another local currency for the recipient.
Stevenson underscored that SWIFT’s new system, despite its technological progress, “does not solve” the persistent problem of cross-currency liquidity. However, she also acknowledged the lack of clear evidence that major banks plan to use XRP for this particular role at present.
On the other hand, SWIFT’s approach to using tokenized deposits within a closed, bank-controlled ecosystem suggests that institutions may prefer models where established players retain oversight, rather than adopting third-party cryptocurrencies.
Ongoing debate over cross-border paymentsThe comparison between SWIFT’s blockchain innovation and XRP’s function has reignited debate about the future of cross-border settlements. While supporters of XRP highlight its design for instant currency bridging, the industry’s largest banks have signaled interest in blockchain solutions that retain direct institutional control.
The growing adoption of blockchain technology in payment systems has prompted ongoing speculation about which digital assets, if any, will be adopted at scale by major financial players for cross-border transactions.
SWIFT Blockchain PilotXRP’s Proposed Use CaseClosed, bank-controlled system using tokenized depositsOpen, neutral bridge asset for cross-currency conversionDoes not require XRPRequires adoption by banks for liquidity bridgingParticipants include 17 global banksNo evidence yet of large-scale adoption by banksDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP Ledger node operators have been called to update their nodes following the release of xrpld version 3.3.0, as the network continues to integrate the latest technical improvements and issue fixes. The upgrade is considered essential to ensure seamless participation in network consensus and to prevent operational disruptions linked to amendment blocking.
New alert for node operatorsThe XRP Ledger Operations account, responsible for disseminating infrastructure and software updates, reported that over 60% of nodes have successfully upgraded to xrpld 3.3.0. This milestone reflects increasing adoption across the network, but the alert remains active as further upgrades are required to maintain full network compatibility.
Current data shows that many operators responded swiftly to the call, yet the transition has not reached universal coverage. Network participants are being advised to act promptly in order to prevent the implications of amendment blocking, a critical security feature designed to uphold ledger accuracy.
Amendment blocking occurs when servers run outdated versions of xrpld. These nodes are unable to interpret new protocol rules once an amendment is enabled, resulting in their inability to process ledger transactions, join in consensus, or cast votes on subsequent protocol changes. Remaining on an unsupported version leaves operators unable to validate ledger data or submit transactions.
When an amendment activates, servers without the corresponding code do not comprehend the ledger’s rules and become amendment-blocked, losing the ability to take part in validation or transaction processing.
Critical fixes and consensus progressAmong the most important updates, the fixCleanup3_3_0 amendment package addresses several key functions across the XRP Ledger. The amendment introduces essential fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts.
Recent statistics indicate that fixCleanup3_3_0 has reached just over 68% consensus network-wide, with less than 12% remaining for it to achieve the 80% threshold typically required for amendments to take effect. This places the network at a pivotal stage, where full adoption is imminent if node operators continue to update their software.
The amendment’s technical changes include solutions for hybrid offers in the open order book, ensuring that these offers are removed when the originating account loses permissioned access. It also incorporates improvements in how Automated Market Maker liquidity factors into quality estimates for permissioned DEX order books, alongside enhanced precision and rounding adjustments for both Single Asset Vaults and the Lending Protocol.
More than 60% of XRP Ledger nodes have already upgraded, and adoption of fixCleanup3_3_0 continues as the amendment nears the crucial 80% consensus needed for network-wide implementation.
Managing rapid changes and trading toolsAs technical developments accelerate on the XRP Ledger, node operators and active participants must remain vigilant. In a fast-moving environment, a single decision by the Federal Reserve or the addition of a new altcoin can shift market conditions instantly. Keeping track of real-time data, such as price charts, macroeconomic signals, and project-specific news across multiple applications, has created new challenges and increased costs for traders.
Smart traders are now streamlining their processes with privacy-centric solutions like CryptoAppsy, which consolidates charting, news, portfolio tracking, and macro data in a single platform. This approach enables users to access real-time alerts and information without the complexity of juggling numerous tools or the need to create an account, helping them respond more swiftly to critical market events.
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 and XRP prices entered the week with stronger momentum as traders assessed September’s approaching CLARITY Act vote.
Bitcoin traded above $77,000 after recording its largest weekly dollar gain, while XRP hovered near $1.47 following a powerful rebound.
CLARITY Act Nears September 15 Senate Vote The Senate’s procedural vote is set for Sept. 15 to determine whether to proceed to debate. The cloture motion needs 60 votes and there is uncertainty despite political backing for clearer cryptocurrency rules.
The proposed legislation would establish boundaries between the Securities and Exchange Commission and Commodity Futures Trading Commission.
But the bill still faces unresolved disagreements. Some legislators wish to increase the level of deposit insurance for community banks’ securities and beef up the ethics requirements for elected officials.
Trump urged Congress to pass a fair version of the CLARITY Act to protect America’s leadership in digital assets. The law will pave the way for another round of innovation nationally, said he. However, prediction market participants remain doubtful about its approval prospects.
Trump: Congress Should Pass a Fair Version of the CLARITY Act
On August 19, U.S. President Donald Trump @realDonaldTrump said at a White House event with technology industry leaders that the United States had launched “Project Crypto” to facilitate the adoption of blockchain… pic.twitter.com/PnlL42kloc
— Wu Blockchain (@WuBlockchain) August 23, 2026
Polymarket users currently assign only a 16% chance that the controversial bill will pass during 2026. The low probability suggests that political disagreements over the proposed regulatory framework for cryptocurrencies remain.
Bitcoin and XRP Price Outlook Ahead of the September Senate Vote Bitcoin price may continue to recover if, as lawmakers move forward with the measure, broader market conditions continue to be favorable. If this rally continues, resistance may lie close to $85,000 ahead of $90,000.
If it breaks $80,000, it could reverse into profit-taking from the recent advance. The future Bitcoin outlook might then retest the $72,000 to $75,000 price range where interest could return.
Source: TradingView However, with the clarity of regulations being especially important for payment use of cryptocurrencies, XRP may respond more heavily. Investor sensitivity to American policy developments continues to be influenced by its former legal battle with the SEC.
XRP will remain in a positive short-term outlook as long as it trades above $1.40 ahead of the Senate vote. Strong demand may push the token up to $1.60 with resistance at $1.75.
Rejection or additional delay may cause the sentiment to sour and push XRP down to $1.40. In this case, the $1.25 level could be the next major supportive level for the market.
Bitcoin and XRP ETFs Record Strong Inflows as Institutional Demand Returns The past reporting week saw high demand for Bitcoin and XRP exchange-traded funds.
Spot Bitcoin ETFs recorded $1.918 billion in net inflows between August 17 and August 21.
In the meantime, XRP ETFs posted a $39.78 million increase, signaling a new institutional appetite for cryptocurrencies.
Spot Bitcoin ETFs Recorded $1.918 Billion in Net Inflows Last Week
From Aug. 17 to Aug. 21 (ET), spot Bitcoin ETFs recorded net inflows of $1.918 billion. Spot Ethereum ETFs saw net inflows of $697 million, while spot Solana ETFs recorded $28.34 million, spot XRP ETFs $39.78… pic.twitter.com/K9F273H8t9
— Wu Blockchain (@WuBlockchain) August 24, 2026
Ethereum funds also raised $697 million, the second highest among all the funds in terms of weekly inflows.
Spot Solana ETFs had $28.34 million added, while HYPE funds had $3.89 million added, though this was a smaller figure.
The numbers suggest that Bitcoin continued to be the top investment choice for ETF holders in the overall market rebound.
A group of protesters recently gathered outside the San Francisco home of Ripple co-founder Chris Larsen, according to a local media report. This was part of a nationwide campaign against automated license plate readers and the use of surveillance technology by law enforcement.
The demonstration, held Friday, was organized by members of the Sunrise Movement, a youth climate group. Protesters criticized Larsen over his financial support for San Francisco’s expansion of police surveillance infrastructure.
“Does this make you feel safer, Chris?”Demonstrators handed out brightly colored flyers warning residents about Flock cameras and displayed a mock surveillance camera with a message directed at Larsen: “Does this make you feel safer, Chris?”
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Luc Bouchard, an organizer with Sunrise Movement Bay Area, said activists believe automated license plate readers have not been shown to significantly reduce crime. He argued that San Francisco would get better public-safety results by investing in housing instead of expanding surveillance.
Larsen has notably funded extensive networks of private security cameras in the city, including through donations to neighborhood organizations.
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In 2021, he backed a $700,000 proposal for a network of cameras in the Castro, while earlier funding supported camera installations in other neighborhoods. By 2023, reports said Larsen had contributed roughly $4 million to community efforts involving surveillance cameras.
In 2025, Larsen offered $9.4 million to support the relocation and modernization of the San Francisco Police Department’s Real-Time Investigation Center. Ripple provided the space for the center through a lease arrangement.
The upgraded center now works with a network of more than 400 Flock automated license plate reader cameras.
In July, the San Francisco Police Commission approved another $3 million contribution from Larsen.
The surveillance push is quite controversial. Privacy advocates and community groups have raised concerns about the collection and potential sharing of license plate data
Bouchard said the protesters intentionally brought their campaign to Larsen’s doorstep because of his role in financing the technology they oppose.
