More than 1,114 XRP were permanently removed from circulation within a single day, according to data from XRPScan, signaling a recent surge in network activity.
XRP burn rate jumps sharplyData showed that 1,114.97 XRP were burned as transaction fees on October 23, representing a 27.5% increase from the previous day’s total of 874.27 XRP. This marked the highest daily burn rate recorded in more than two weeks. The spike comes after a period of subdued activity on the XRP Ledger, with the 30-day average standing at 808.1 XRP burned daily.
DateXRP BurnedOctober 22874.27October 231,114.9730-day Average808.1The current surge in daily burn activity follows the largest spike this month, when more than 8,000 XRP were removed from supply on October 2. Since then, the number of tokens burned each day has continued to fluctuate, influenced by broader trends in network utilization.
Increased network participationThe XRP Ledger, the decentralized infrastructure that facilitates XRP transactions, reduces the total supply by automatically burning a small amount of tokens as a transaction fee with each operation. This process provides not only a check on spam but also makes the asset incrementally more scarce as the network sees higher activity.
Mini dictionary: XRPScan is a third-party blockchain explorer that provides real-time transaction data and analytics for the XRP Ledger, helping users monitor network activity and onchain metrics.
Historically, spikes in the burn rate reflect an uptick in transactions processed on the network. The mechanism not only demonstrates user engagement but can also influence sentiments about XRP’s scarcity in the market.
Network data revealed that a sharp increase in XRP token burns coincided with a noticeable uptick in onchain activity, pushing daily burned amounts well above recent averages.
Market implicationsAlthough XRP’s price has shown mixed movement in recent sessions, analysts often interpret increased burn rates and network activity as constructive signals for the asset’s outlook. While higher burn levels do not directly cause price rises, they contribute to increased scarcity over time, which can positively impact long-term demand.
The XRP Ledger’s use of transaction-based burning continues to offer a transparent method of supply reduction, with daily figures serving as an important real-time indicator of network usage.
Crypto influencer Ash Crypto has suggested that XRP could climb toward $2 once it breaks above a resistance level that has capped its price for several months.
“Once it breaks, $2 will be easy,” Ash Crypto wrote, pointing to the prolonged resistance that XRP has struggled to overcome.
The accompanying chart identifies a multi-month resistance zone around $1.52 to $1.55, where several previous attempts to push higher have failed. XRP remains below this ceiling, leaving a breakout as a key condition for the bullish outlook.
At press time, XRP is trading at $1.27, down 3.4% over the past 24 hours and 14% over the past month.
XRP Faces Key Resistance Near $1.55
The chart shows XRP declining from around $2 at the beginning of 2026 before falling toward the $1.00 region in the summer. The token subsequently staged a rebound, briefly returning to the $1.50 to $1.70 area before encountering selling pressure.
XRP has since pulled back toward $1.30, with the latest candles showing it trading around $1.27–$1.32 on the chart. The marked resistance zone near 1.52–1.55 remains the main barrier separating the current price from a sustained move higher.
A decisive break above this zone would put XRP in a position to challenge higher price levels, with $2 representing Ash Crypto’s next major target. From $1.27, a move to $2 would require a gain of approximately 57%.
However, XRP must first overcome the overhead supply that has repeatedly limited its advances. Failure to break through could leave it trading below resistance or expose it to another pullback.
XRP Price Chart by Ash Crypto showing multi-month resistance.
Can XRP Reach $2?
The chart also highlights curved markings around previous price lows, including the summer bottom near $0.97 and more recent lows around $1.25. These formations suggest attempts to establish higher lows after the summer rebound.
For the bullish scenario to strengthen, XRP would need to maintain its recent lows and regain ground toward the $1.50 resistance zone. A breakout above that range would provide further evidence that buyers are overcoming the selling pressure that has constrained the token for months.
Ultimately, the $2 target remains conditional on XRP clearing the multi-month resistance rather than an established price trajectory.
Break Above $1.65 to Confirm a Bottom
In a recent analysis, XRP commentator Casi Trades argues the token must break above $1.65 to confirm its recent bottom. At the time, XRP traded around $1.33 price after falling from its September peak near $1.65. The token found support around $1.27, which aligns with a key Fibonacci retracement and the analyst’s Elliott Wave target.
Now, Casi identified $1.65 as the critical resistance level. A breakout could open the way toward $2.40 as part of a potential Wave 3 advance. Before reaching that threshold, XRP must overcome intermediate resistance levels near $1.35, $1.40, $1.55, and $1.58.
However, the analyst warned that bottom formation takes time and XRP could retest $1.27 support. If that level breaks, downside targets include $1.10 and potentially $0.87.
A detailed analysis recently examined the growing relationship between Yellow Network, a decentralized finance infrastructure provider, and XRP, the digital asset created by Ripple Labs. Crypto analyst X Finance Bull shared findings that highlight an evolving connection between the two beyond a basic integration.
Chris Larsen’s leadership in Yellow’s fundingChris Larsen, Ripple’s co-founder and executive chairman, led Yellow Network’s $10 million seed funding round. This early backing gave Yellow the resources it needed to develop its current decentralized finance ecosystem.
Shortly after, Yellow Network integrated the XRPL EVM Sidechain—an Ethereum Virtual Machine-compatible extension of the XRP Ledger. XRP and the US dollar-pegged stablecoin USDT are now both supported by this sidechain, which operates with chain ID 1440000. According to Yellow’s official documentation, developers building financial applications within Yellow’s environment can already incorporate XRP.
Chris Larsen, Ripple’s co-founder and executive chairman, led Yellow Network’s $10 million seed round, establishing a direct connection between Yellow and XRP and opening new avenues for collaboration within Yellow’s ecosystem.
As a result, projects on Yellow can leverage XRP as a key asset for payments and balance management.
Mini dictionary: XRPL EVM Sidechain, an EVM-compatible chain that allows Ethereum-based smart contracts and assets to interact directly with the XRP Ledger. Developers can build with Solidity and access XRP’s liquidity on chain ID 1440000.
Yellow’s architecture and on-chain settlementYellow Network’s architecture utilizes state channels—a technology where participants, such as brokers, exchanges, or AI agents, transact off-chain inside secure, funded channels. Final results are periodically settled on-chain, reducing gas fees and increasing the speed of repeated trades.
XRP’s integration becomes significant within this structure. Market makers can hold XRP as working capital for liquidity, brokers can offer client trading balances in XRP, and autonomous agents can use XRP for multiparty settlements. These applications allow for rapid trading without congesting public blockchains.
AI partnerships and connected ecosystemsYellow has expanded its focus on autonomous finance through partnerships with several institutions. The company teamed up with Deep3 Labs to develop AI-driven trading features. It also joined the Internet Court framework, which is operated by the GenLayer Foundation, to help facilitate blockchain-based dispute resolution and settlements between AI agents.
Further, Yellow’s collaboration with MOI Technology enables agents to function under set risk and budget controls. The network’s integration with Arc, Circle’s stablecoin infrastructure, as well as connectivity to the XRP Ledger (XRPL), positions Yellow alongside a growing list of DeFi and payment networks.
Mini dictionary: Yellow Network, a decentralized infrastructure project enabling high-speed, low-cost transactions between cryptocurrency exchanges and trading agents using technology such as state channels.
Projected scenarios for XRP demandX Finance Bull presented hypothetical projections regarding potential XRP demand within the Yellow ecosystem. At a daily volume of $1 billion processed via Yellow, and assuming 20% of trades use XRP with liquidity providers holding two days’ worth of inventory, roughly 289.86 million XRP could be used as working capital, based on an XRP price of $1.38.
If the model is scaled up to $5 billion in daily volume, this figure rises to approximately 1.45 billion XRP. However, these calculations are scenarios intended to illustrate potential future use rather than reflecting present trading volumes.
ScenarioDaily VolumeXRP Usage (20%)Inventory Held (2 Days)XRP PriceXRP NeededBase case$1 billion$200 million$400 million$1.38~289.86 millionExpanded case$5 billion$1 billion$2 billion$1.38~1.45 billionRelationship between YELLOW and XRPThe analyst distinguishes clearly between $YELLOW, the native token of Yellow Network, and XRP. $YELLOW has a fixed maximum supply of 10 billion and serves as collateral and access within Yellow’s services. By contrast, XRP acts as the transaction gas on XRPL EVM, as well as trading liquidity, channel funds, and settlement collateral in supported applications.
X Finance Bull concludes that while $YELLOW develops the network infrastructure, XRP could become essential working capital for applications and agents operating on Yellow’s platform if liquidity needs rise.
The potential for increased developer and broker participation may drive further adoption of XRP for trading, balance management, and settlement within the broader Yellow ecosystem.
XRP influencer Zach Rector believes XRP price could reach $10 through speculation alone, without needing major growth in real-world use.
In a recent post on X, Rector said investors may be overthinking XRP’s price potential by focusing too much on its utility. His comments have sparked debate about whether speculation alone could push XRP to $10.
XRP is currently trading at $1.27. To reach $10, its price would need to rise by about 687%, nearly eight times its current value.
A Look at History Indeed, speculation has often influenced XRP’s price, especially during crypto bull markets when investors buy in hopes of making profits.
XRP showed how quickly its price could rise during the 2017–2018 bull market. It climbed from about $0.006361 in January 2017 to a record high of $3.84 in January 2018 — a gain of more than 60,000%.
At the time, XRP had less institutional interest and ecosystem development than its supporters point to today. This past rally gives some investors hope that another wave of speculation could drive the price much higher.
However, XRP may not repeat that performance. In the 2024-2025 bull market, the coin surged nearly 700% from $0.5 to above $3.66. This price performance continues to shape the expectations of many who believe a $10 price is possible for XRP in the coming years.
XRP Community Questions the $10 Price Prediction Meanwhile, Rector’s prediction has faced criticism from some XRP investors. They argue that speculation alone may not be enough to push the price above $3, especially because more than 60 billion XRP tokens are already in circulation.
Others, such as X user White Fang, questioned why speculation has not already pushed XRP’s price higher if it is enough to drive a major rally.
However, X user Wall-E Santana expressed frustration with repeated price predictions, pointing out that XRP has not risen as much as they expected despite institutional partnerships, ETF inflows, and the end of Ripple’s legal battle with the U.S. SEC.
Others have raised questions about XRP’s usefulness, especially with the launch of Ripple USD (RLUSD) on the XRP Ledger.
These reactions show a clear divide in the community. Some believe speculation could send XRP much higher, while others want to see stronger price growth alongside real-world adoption.
Comments from XRP community members Can XRP Reach $10 Without More Real-World Use? If XRP reaches $10, its market value will rise to between $600 billion and $650 billion, assuming 60 billion to 65 billion tokens are in circulation. That would further cement its position among the largest cryptocurrencies by market value.
Although this target is possible in theory, it requires favorable market conditions. In particular, speculation helps drive the price higher during bull markets due to the frenzy that often follows such events, as seen in 2025.
XRP supporters believe greater use of the XRP Ledger for payments, tokenization, and financial services could increase demand for the token. Critics argue that increased network activity does not automatically mean more people will need to buy XRP.
Ultimately, XRP’s next major rally will depend on speculation, real-world adoption, or both. For now, the $10 target remains ambitious and would require much stronger demand than the market has shown so far.
Ripple has announced that actor and Water.org co-founder Matt Damon will be a featured speaker at the upcoming Swell 2026 conference in New York. David Schwartz, Ripple’s Chief Technology Officer Emeritus, responded with a humorous remark referencing Damon’s movie roles, suggesting Swell is “finally” a place “he won’t need to be rescued from.” The comment referenced the company’s official statement that Damon will join the stage later this month.
Swell 2026 Unites Institutional, Developer CommunitiesFor the first time, the annual XRP ecosystem event will merge Ripple Swell and the XRPL Apex developer summit. The joint conference will take place at The Shed in Hudson Yards from October 27 to 29, and organizers expect more than 1,500 participants. Over three stages and more than 50 sessions, the event aims to bring institutional leaders and XRPL developers together.
Ripple CEO Brad Garlinghouse, President Monica Long, Chief Technology Officer Emeritus David Schwartz, along with Matt Damon and Water.org CEO Gary White, are among the main speakers. The agenda is structured to explore how faster cross-border settlement can directly benefit microfinance partners, rather than focusing on new product launches.
Matt Damon is set to join Ripple leadership and Water.org’s Gary White at Swell 2026, where the agenda centers on using fast cross-border settlement to scale microfinance partnerships globally.
Water.org’s Expanding Use of Ripple Payments and RLUSDWater.org, established in 2009 by Matt Damon and engineer Gary White, partners with local financial institutions to provide low-cost loans for household water and sanitation projects. To date, the organization has mobilized about $7.7 billion, positively impacting nearly 88 million people across Asia, Africa, and Latin America.
Earlier this year, Ripple became the exclusive digital-asset and payments partner for Water.org’s Get Blue campaign, which was introduced at the World Economic Forum in Davos. The campaign seeks to increase access to safe water for 200 million people by 2030. Founding corporate supporters include Amazon, Ecolab, Gap, and Starbucks.
Water.org now routes donations and operational funds through Ripple Payments, using both XRP and Ripple’s dollar-pegged RLUSD stablecoin. This setup reportedly allows seed funding to reach microfinance institutions within minutes, rather than several days, by bypassing traditional banking corridors.
The organization maintains that the integration of Ripple infrastructure has helped shorten transfer times and reduce costs, allowing partner lenders to more quickly deliver small loans for essential water and sanitation systems.
Mini dictionary: RLUSD — A stablecoin issued by Ripple, pegged to the US dollar and designed for use within Ripple’s payments infrastructure to facilitate faster and lower-cost global transactions.
FeatureBefore Ripple PaymentsWith Ripple & RLUSDSeed fund transfer timeSeveral daysMinutesCurrencyFiat onlyXRP, RLUSDCostHigherLowerGlobal Development and Expanded Use CasesA significant portion of the global population, estimated at over two billion people, still lacks access to safe water. Water.org’s campaign aims to address this need, with hopes that efficient payment technologies can increase the volume and speed of capital reaching local microfinance partners.
Swell 2026’s expanded agenda also covers digital asset tokenization, broader institutional adoption, and technical developments within the XRP ecosystem. Organizers expect high-profile speakers and live operational use cases to draw attention to both Ripple and Water.org’s efforts.
Swell 2026 brings together institutional players, developers, and leading nonprofits to explore the potential of digital assets for financial inclusion and cross-border impact.
Mason Versluis, a prominent cryptocurrency content creator and longtime XRP advocate, has revised his expectations for the digital asset’s future price, lowering his target from triple-digit projections to a more moderate range of $5 to $10 for the upcoming bull market cycle.
Target lowered to $5–$10 for next cycleVersluis, known for his outspoken support of XRP on platforms such as X, reflected on his history of bold forecasts, including predictions that the token could reach $100. In a recent post, he clarified that while he once believed XRP could surge to those levels, he has adjusted his outlook to reflect what he considers a more realistic timeline.
He now places his target at $5.89 for the next major run, suggesting this range better accounts for the pace of price cycles and the overall sentiment in the market. Versluis maintains that XRP’s fundamentals remain strong, but he emphasized the importance of patience for investors targeting substantial gains in the long term.
XRP’s long-term potential continues to look “insanely bullish,” but those who tune out short-term volatility and avoid setting premature expectations are likely to see the greatest rewards. Setting a $100 target was unrealistic within the next cycle, he suggested, pointing to the need for more grounded market projections.
He highlighted that several crypto commentators often set lofty price targets based on short-term enthusiasm, without taking into account that significant asset appreciation may take years.
Mini dictionary: Mason Versluis is a digital asset commentator and influencer with a focus on XRP and the broader cryptocurrency sector. His views, shared on X, often gain traction within the crypto community due to his direct communication style and multi-year presence.
The challenges of long-term holdingVersluis candidly discussed the personal and psychological cost of holding XRP over long periods, noting that investors who bought at low prices between $0.01 and $0.10 are among the few seeing outsized returns. He remarked that even a 10x gain on a $1,000 investment falls short of creating meaningful wealth, suggesting that for most recent investors, patience may be tried by the slow pace of appreciation.
He described the waiting period, which could extend for five to ten years, as “painful” for those expecting fast profits, and reminded the community that previous bull cycles have rewarded only a small subset of long-term holders.
The shift in Versluis’s stance triggered various responses from fellow cryptocurrency enthusiasts on X. User BrutallyHonest raised doubts about the appeal of waiting years for such price targets, arguing that investing in another asset might be more advantageous if it takes five to ten years to reach $5.
Another community member, X Expert, said the price might realistically reach $8 to $9, admitting he is not closely aligned with the XRP camp. Meanwhile, Macro Bombastic stated he would accept $5.89 and cash out.
A move towards realistic expectationsDespite stepping back from his original projections, Versluis reiterated his commitment to XRP as a long-term investment. His revised forecast from $100 to $5–$10 signals a shift toward more measured, cycle-based analysis among active market participants and influencers.
Rather than abandoning the asset, Versluis is adjusting to reflect long-term pacing and a mature outlook, indicating that patience and realistic targets may define the next phase for dedicated XRP supporters.
XRP’s price outlook is receiving renewed attention after crypto analyst Egrag Crypto published a detailed long-term projection, mapping current price behavior against the historic 2017–2018 bull market cycle. Egrag Crypto released his analysis on X, identifying several decisive price levels and forecasting a potential target of $16.87 for XRP by April 2027 if the outlined pattern plays out.
Key technical levels mappedEgrag Crypto’s forecast is anchored to a tiered road map using the 3-Day Heikin Ashi chart structure. Heikin Ashi is a candlestick charting method that smooths price trends by averaging price data, reducing market noise and highlighting clearer trends over time.
The analyst set out a sequence of key levels: $0.98 as the macro floor, $1.07 as deep support, $1.26 as a bullish pivot point, and $1.65 as the “breakout gatekeeper.” Should XRP break above these levels, the next targets identified are $5.46, $10.10, and finally $16.87 by April 2027. Egrag Crypto pointed out that green Heikin Ashi candles would act as confirmation signals for continued bullish momentum.
LevelDescription$0.98Macro Floor$1.07Deep Support$1.26Bullish Pivot$1.65Breakout Gatekeeper$5.46First Target$10.10Second Target$16.87April 2027 ProjectionConviction combined with risk managementEgrag Crypto has disclosed that he holds both spot and leveraged positions in XRP. The spot position reflects a long-term outlook, while the leveraged position targets short-term market moves managed with a strict risk approach.
In his commentary, the analyst clarified the limits of his forecast. He stated that a sustained move below $0.98 could invalidate the projection and emphasized that this remains a fractal projection, not a certainty.
Egrag Crypto noted that while the analysis maps a scenario based on historical fractal structure, it does not constitute a guarantee and should not be mistaken for one.
Fractal analysis compares current price patterns to historical events to project possible future movements, relying on precedent but not offering assured outcomes.
Mini dictionary: Egrag Crypto is an independent digital asset market analyst known for chart-based research and sharing technical perspectives on X (formerly Twitter), particularly regarding mid- and long-term crypto market cycles.
Fractal method and historic precedentThe projection takes the 2017–2018 XRP price cycle as a reference. During that period, XRP surged from less than a cent to nearly $3.80 at its historical peak.
Egrag Crypto aligned the earlier fractal to current market conditions and adjusted the timeframes accordingly, rather than simply overlaying the previous pattern.
The analyst concluded, “The market doesn’t owe us $17. But the chart is showing what could be possible.”
If the outlined trajectory is maintained, XRP would potentially climb to almost 13 times its current level by April 2027.
On-chain data from Glassnode’s XRP Cost Basis Distribution Heatmap (CBDH) shows that a large amount of XRP could face selling pressure if the price recovers.
Specifically, the XRP Cost Basis data reveals that approximately 2.5 billion tokens last changed hands around $1.61, which could create a potential resistance level whenever the price tries to rebound above current levels.
XRP Cost Basis Heatmap Shows Supply Clusters For context, the Cost Basis Distribution Heatmap tracks the prices at which XRP last changed hands on the blockchain.
When someone transfers XRP, the tokens take on a new cost basis based on the market price at that time. This helps show where holders acquired their tokens and which price levels could attract selling as the market recovers.
With XRP currently trading at $1.30, Glassnode’s data shows that the largest supply cluster at press time sits between $1.6073 and $1.6235, where 2,528,195,406 XRP last changed hands.
XRP cost basis shows largest overhang supply cluster at around $1.61 This is the largest concentration within a single price range on the heatmap, which makes it an important level to watch during XRP’s next recovery attempt.
The Wall at $1.61 The XRP Cost Basis Heatmap shows that the tokens in this cluster last changed hands when XRP traded around $1.61.
This activity coincided with a brief price surge on Sept. 25, when XRP reached $1.6288 before closing at $1.5680. The token recorded a 2.19% gain that day, but the price soon reversed and continued falling over the following weeks.
XRP remained under pressure throughout October and reached a low of $1.2550 on Oct. 18. The price later rebounded to $1.40 three days afterward, but the recovery did not last.
XRP fell back toward $1.30, leaving the 2,528,195,406 tokens acquired around $1.61 at an unrealized loss of approximately 19%.
These losses could affect how holders respond if XRP begins to recover. Those who bought around $1.61 may prefer to hold their tokens instead of selling at a loss. However, if the price returns to their entry level, some could choose to sell and recover their initial investment.
With more than 2.5 billion XRP concentrated around this price, those potential sales could create strong resistance. The cluster represents the largest supply concentration on the entire heatmap, and this makes $1.61 a key level XRP may need to break above before it can sustain a stronger recovery.
XRP Cost Basis Reveals Heavy Wall Further Up The XRP Cost Basis data also identifies another large supply cluster between $1.8497 and $1.8683, where approximately 1.948 billion XRP last changed hands. This is the second-largest concentration on the heatmap and could create another challenge if XRP manages to move above $1.61.
XRP could face potential additional resistance at $1.85 XRP last traded within this range on Jan. 29, when its price briefly climbed to $1.9106 before falling to $1.8055 by the close. The decline marked a 5.40% loss for the day. Selling continued afterward, pushing XRP down to $1.11 on Feb. 6 before the price began to stabilize.
The time XRP has spent below $1.85 could also influence holders’ decisions. Investors who bought around this level have spent most of 2026 holding tokens worth less than their purchase prices. If XRP returns to this range, some may sell to recover their investments instead of risking further losses.
This means the $1.8497-$1.8683 range could bring additional selling pressure. XRP would need strong buying demand to absorb those potential sales and continue rising after clearing the resistance around $1.61.
Support Below the Current Price Below current prices, the XRP Cost Basis Heatmap shows fewer large supply clusters. No single cluster between the current price and $0.98 contains more than 1 billion XRP.
This means the supply supporting the price below its current level is less concentrated than the supply that could create resistance above it.
However, two clusters near $1.30 could offer some support in the short term. The first sits between $1.2889 and $1.3019, where 786,277,988 XRP last changed hands. Since this range is close to the current price, it could become an important area amid the ongoing pullback.
XRP bulls may find support below $1.30 Another cluster sits just below it, between $1.2760 and $1.2889, and contains 681,794,673 XRP. This range could provide a second level of support if XRP falls below the first cluster.
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 fell early Saturday amid an ongoing market selloff, which left leveraged bullish traders facing forced liquidations, leading to a 2,008% imbalance.
A liquidation imbalance of this size indicates that traders betting on higher XRP prices are being liquidated at a substantially greater rate than those betting on further declines.
In this context, XRP's total liquidations came in at $7.92 million: long positions came in at $7.55 million while shorts came in at $375,910, according to CoinGlass data. This yields a liquidation imbalance of 2,008%.
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At the time of writing, XRP was down 3.09% in the last 24 hours to $1.27, extending its drop since Thursday's sharp decline into a third consecutive day. This continuing drop caught traders who expected a price rebound unawares, leading to forced liquidations.
Renewed pressure across global markets weighed on cryptocurrencies, erasing gains from earlier in the week. $667.71 million was liquidated in the last 24 hours across the crypto market, with long positions mostly affected ($528.30 million).
What to watchSantiment recently reported address growth for the XRP Ledger, reaching a record 8.24 million non-empty wallets. This extends a steady climb that has continued through months of price volatility.
Holder growth is still moving higher, with network growth reaching 4,772 new wallets in one day, the fifth-largest spike since March. Fresh participation is accelerating again, which strengthens the bullish case if the price increase continues, confirming the growth in users.
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$1.40 is the first level to watch. A sustained move above it while network growth stays near or above 4,000 daily wallets would make a quick return to $1.50 more than plausible. If XRP loses $1.30 while new-wallet creation falls back below roughly 3,000, the adoption signal would be less convincing in the short term.
XRP's MVRV sits around 0.92, placing traders in net losses and creating a historically more favorable, lower-risk opportunity zone than when holders are sitting on large profits.
In positive news, Arf is bringing settlement liquidity to the XRP Ledger. The Swiss-regulated platform is partnering with Ripple to bring RLUSD-powered settlement liquidity to licensed cross-border payment companies on the XRP Ledger (XRPL).
Market data suggests that XRP could rise toward the $30 price area if its long-term ascending channel continues to hold.
The two-week chart shows that the XRP has followed this pattern since 2017. XRP now trades near $1.30, down about 64% from its July 2025 all-time high of $3.66, and is approaching an important support zone.
The XRP Ascending Channel consists of two upward-sloping trendlines that have guided the asset’s price movements over several market cycles. Extending the upper trendline into 2028 leads to a potential price range of $24 to $38. However, the target remains an uncertain projection.
XRP Ascending Channel Remains Intact
The chart shows how the XRP Ascending Channel started forming following the 2017 bull run. Since then, XRP has experienced several rallies and corrections while remaining within the channel’s broader boundaries.
On the logarithmic chart, the channel’s lower boundary currently sits around $0.70 to $1.10, while its upper boundary falls between $4 and $6.50. The upper trendline has continued to rise, pushing its projected value higher as the channel extends into future years.
A dotted trendline running through the middle of the channel shows another important price reference. This line crosses the $1.70 to $2.60 region, which could act as resistance during a recovery. XRP would need to regain this area to strengthen its chances of moving toward higher price levels.
XRP ascending channel eyes a rally toward the $30 region
XRP’s 2017 Rally
The current structure looks like XRP’s price action before its historic rally in 2017. Between 2013 and early 2017, XRP traded within a narrowing range as its price formed lower highs against a relatively flat support level.
The cryptocurrency eventually broke out of this pattern and began one of the largest rallies in its history. XRP climbed from around $0.006 in January 2017 to $3.3 in January 2018, a more than 55,000% rally.
This upsurge also helped establish the price structure that analysts now use to draw the long-term ascending channel.
The current structure shares some similarities with that earlier period. XRP has experienced a major rally and has since returned to an important support area. However, this does not mean the cryptocurrency will repeat its previous performance.
Smaller Symmetrical Triangle Pattern
The chart also reveals a smaller formation within the XRP Ascending Channel. The orange trendlines form a symmetrical triangle pattern that developed between 2021 and 2024 as XRP moved through several years of consolidation.
XRP broke above this formation in late 2024, leading to its subsequent rally to a new all-time high of $3.66 in July 2025. This confirmed the bullish interpretation of the broader channel, although the price decline that followed has put the structure under renewed scrutiny.
At press time, XRP has fallen roughly 64% from its peak to around $1.30. The decline has brought the cryptocurrency back toward the lower part of the long-term channel.
This makes the current support zone important to its next move. A successful defense of this area could support a recovery, while further losses may weaken the bullish outlook.
Can XRP Reach $30?
XRP’s response to current support could determine whether the long-term pattern remains valid. A recovery above the channel’s midpoint would improve market sentiment and give the cryptocurrency a chance to test higher resistance levels.
However, a decisive two-week close below $0.70 would weaken the XRP Ascending Channel structure. Such a move would signal a break below the structure’s lower boundary and undermine the argument for a rally toward $30 or higher.
The channel’s projected upper boundary falls between $24 and $38 in 2027 and 2028. From the current price of $1.30, XRP would need to gain approximately 2,206% to reach $30. Such an increase would require sustained buying interest and support from the broader market.
The XRP Ledger, which has functioned as a multi-asset ledger since 2012, continues to attract attention for its technical features and unique asset structure. This long-standing blockchain network supports settlement, tokenization, credit, and trading, positioning it as an established platform in the rapidly evolving digital asset sector.
Auto-bridging on XRPL’s decentralized exchangeXRPL Validator Vet recently explained on X (formerly Twitter) how the ledger’s extensive history shapes XRP’s current role in the system. One of the standout features is auto-bridging, which leverages XRP’s status as the only native asset without a counterparty, enabling it to serve as a bridge between trading pairs on the XRPL decentralized exchange where a direct market does not exist.
As user activity increases and more assets are listed on the XRPL’s decentralized exchange, the auto-bridging mechanism is activated more frequently, improving liquidity, especially for less-traded tokens. According to Vet, XRP’s neutrality stems from it being “the only native asset on the network without a counterparty, neutral, can’t be frozen, anyone can accept it.”
Mini dictionary: XRPL Validator Vet is an independent technical participant operating a validator node on the XRP Ledger, which confirms transactions and contributes to the security and decentralization of the network.
Comments often suggest that XRP is not used or its price remains stagnant. Understanding the XRP Ledger as a multi-asset platform since 2012 is crucial, especially considering XRP’s unique function in auto-bridging liquidity for the DEX.
Adoption versus price: Structural debateVet argued that price increases should come as a result of greater adoption and usage of the XRP Ledger, rather than speculation ahead of real-world application. He stated that the XRP Ledger was designed to support large-scale settlement and tokenization, requiring neutral money as its base. According to Vet, XRP is designed for this role within the network’s architecture.
Price should be a consequence of widespread use and acceptance of the XRP Ledger, not a precursor.
This viewpoint underscores an ongoing debate within the community about the relationship between fundamental network utility and short-term price movement.
Community responses and ongoing discussionNot all participants in the XRPL community agree with Vet’s position. Some, like community member Jdjdje, pointed out that volatility limits XRP’s usability for certain applications and claimed that stablecoins remain the preferred choice on the ledger for many users. Others directed their frustrations at Ripple CEO Brad Garlinghouse, calling on him to publicly clarify XRP’s technical and monetary role, rather than let announcements about Ripple’s RLUSD dominate the discourse.
Additionally, figures such as Clfmac emphasized price performance, noting that XRP has not surpassed the $4 mark in over a decade. This illustrates the divide between those focused on long-term network development and those who view success in terms of short-term asset appreciation.
AssetCurrent Use CaseCounterparty RiskRole in XRPLXRPBridging, settlementNoNative, neutral, auto-bridgingStablecoins (e.g. RLUSD)Value storage, paymentsYesIssued assets, preferred for low volatilityThese differing perspectives highlight persistent tension between technical arguments and price expectations in the XRPL ecosystem.
A network-focused argument, not a price forecastVet did not attempt to predict XRP’s future price but instead focused on the operational structure and purpose of the ledger. He emphasized that the XRPL’s fundamental strength lies in its capacity for facilitating settlement, credit, and tokenized assets at scale. XRP’s unique characteristics underpin its suitability as the network’s monetary layer, but whether this translates into future price increases remains unresolved.
The technical case put forward prioritizes the foundational value of the ledger over speculation, reflecting ongoing discussions about the future trajectory of both the XRP network and its native asset.
XRP is down about 2% on Saturday, trading near $1.27 after slipping below its 100- and 200-day moving averages and back onto the golden pocket support zone.
Key Takeaways
▪ Wednesday’s rally toward $1.40 fully reversed.
▪ Golden pocket spans roughly $1.24 to $1.26.
▪ RSI near 36, closing in on oversold.
▪ XRP sits 26% below its August peak.
Binance’s XRP/USDT daily chart on TradingView shows the October slide unfolding on far lighter volume than the August and September rallies, with no panic-selling spike so far.
The bounce that did not last
Earlier this week, XRP bounced off the golden pocket, the zone between the 0.618 and 0.65 Fibonacci retracements of its August rally. By Wednesday the move had stretched to about $1.40 before sellers stepped in.
XRP daily price chart. Source: TradingView
They erased those gains over the next three sessions, and Saturday’s drop reached about $1.25 intraday, a touch inside the pocket.
Two of three support layers are slipping
Last week, the pocket had backup from the 100- and 200-day SMAs, which had converged just above it. A daily close beneath them would turn that backup into the first hurdle overhead, only 1% to 2% above the current price.
Support layer
October 20
Now
100-day SMA (~$1.29)
Holding
Lost intraday
200-day SMA (~$1.28)
Holding
Lost intraday
Golden pocket (~$1.24–$1.26)
Holding
Being tested
Each bounce off the floor is getting weaker
The pocket has now been tested three times since mid-September, and the rebounds it has produced are shrinking. The first lifted XRP by roughly a third. Last week’s managed about 11% before fading.
Test of the floor
Low
Bounce high
Rebound
Mid-September
~$1.25
~$1.66
~+33%
Mid-October
~$1.26
~$1.40
~+11%
Now
~$1.25
Pending
In progress
The highs tell the same story from the other side. Each rally since late September has topped out lower than the one before, while the floor has stayed in the same place. That squeezes price into a narrowing range and puts more and more weight on a single level.
Volume points the same way. The September rebound came on some of the heaviest Binance trading of the autumn, while last week’s bounce drew far thinner activity. With both the October selling and the latest buying running on light volume, neither side has shown real conviction at the floor yet.
Below the pocket, the chart thins out
If the pocket gives way, the next Fibonacci level is the 0.786 near $1.14, about 10% lower and close to where XRP traded in late July. Beneath that sits the August low near $0.99, the starting point of the entire rally.
The ceiling that stopped Wednesday’s rally
Past the two averages, the 0.5 Fib near $1.35 comes first. Above it, the 50-day SMA near $1.41, now curling lower just beneath the 0.382 Fib near $1.43, is the barrier Wednesday’s move could not reach. Clearing all of that would still leave the 0.236 Fib near $1.53, the top of the late-September range that gave way in early October.
Momentum is stretched
RSI has slid to about 36, below its signal line and approaching the 30 oversold mark. Selling looks stretched, but an oversold reading on its own does not mark a turn.
The case for a hold
The 0.618 Fib has yet to fail on a daily close, and the 100-day SMA is still rising. A fast move back above the lost averages would make this week’s drop look like another shakeout at the same floor.
Potential Moves (not a forecast)
XRP sits on the golden pocket, with the 100- and 200-day SMAs at $1.28–$1.29 overhead.
Hold and recover: A daily close back above $1.29 in the coming days could revive the bounce and bring the 0.5 Fib back into play.
Break: A daily close below $1.24 before the end of October could crack the pocket and expose the 0.786 Fib.
Bigger picture: XRP still trades about 28% above its August low, and holding the pocket would keep the August uptrend technically intact.
Outside the chart, the next scheduled potential market mover is the Federal Reserve’s rate decision on Wednesday, October 28, at 2:00 PM ET.
How we read this chart
Daily XRP/USDT candles from Binance on TradingView, captured at 16:32 UTC on October 24, 2026, with the day’s candle still open. Daily candles close at 00:00 UTC.
Fibonacci levels run from the mid-August low to the August spike high. Indicators used: the 50-, 100- and 200-day simple moving averages, the 14-day RSI and Binance trading volume.
This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
XRP is down 2.9% over the past 24 hours, trading near $1.28, even after Franklin Templeton added roughly $150 million of its tokenized money market fund to the XRP Ledger this week. The reason is structural: the fund shares, called sgBENJI, are paired with Ripple’s RLUSD stablecoin rather than XRP, so the deposit creates almost no direct buying pressure on the token. XRP only pays transaction fees and an account reserve — costs small enough that moving $150 million burns about as much XRP as moving a single dollar.
What Franklin Templeton Actually Moved
On-chain records show Franklin Templeton issued two subscriptions of 72,184,793 sgBENJI shares each, lifting the XRP Ledger balance from roughly 48 million shares to nearly 193 million. At the $1.039 share price recorded in the ledger, the two batches are worth about $150 million in total, and the full position now sits near $200 million. RWA.xyz, a tokenized-asset data platform, lists Franklin’s XRP Ledger position at about $193 million.
Every share landed in a single wallet that uses the same authorized signers as Franklin’s issuing account, so the entire supply currently sits in one controlled address rather than in end-investor wallets. That is normal for a tokenized fund at this stage: the issuer mints shares into a wallet it controls, then delivers them when investors subscribe or request personal custody. One wallet can therefore hold shares for multiple clients, and the on-chain balance alone does not reveal how many investors have actually received tokens.
Why $150 Million Does Not Buy XRP
The key to the price reaction is the pairing. Under the structure Franklin, DBS and Ripple announced in September 2025, sgBENJI trades against Ripple USD (RLUSD) on the DBS Digital Exchange, not against XRP. Investors move between a dollar stablecoin and a dollar-denominated money market fund, which means the $150 million moves through RLUSD — not through XRP. XRP’s role is limited to network fuel: a small per-account reserve and a fraction of a token burned per transaction.
The arithmetic makes the point. The XRP Ledger’s transaction cost is a fraction of a cent, so settling two $75 million subscriptions costs the same negligible amount of XRP as settling two $1 transfers. If the $150 million were instead exchanged into XRP at the current $1.28 price, it would represent about 117 million XRP — but no such conversion happened, because the fund is dollar-backed and dollar-settled. That is the difference between tokenization news and demand news, and it explains why a headline-grabbing deposit did not move the price.
XRP Price: Where the Token Stands
XRP is changing hands around $1.28, down 2.9% over 24 hours, within a $1.27 to $1.32 daily range, according to CoinGecko. Market cap is about $80.8 billion with $1.2 billion in 24-hour volume, and about 63.1 billion of the 100 billion maximum supply is circulating. The longer view is heavier: XRP is down about 12.2% over 30 days but still up 47.9% over the past year.
Technically, the $1.27 level that held as the 24-hour low is the first support to watch, with the $1.32 intraday high as the immediate ceiling. A decisive break below $1.27 would open room toward the $1.22-to-$1.25 zone, while a push back above $1.32 would need to clear the token’s broader downtrend from its recent highs before any sustained recovery is on the table. None of these levels are forecasts; they are the live boundaries of the current range, and the deposit itself does not change them.
The Bigger Tokenization Story
The deposit matters more for tokenized real-world assets than for XRP’s spot price. It roughly quadruples Franklin’s footprint on the XRP Ledger and makes the network a live venue for an institutional money market fund, next to the tokenized funds already running on other chains. RWA.xyz now ranks Franklin as the second-largest tokenized asset platform on the XRP Ledger, behind RLUSD and ahead of Ondo.
The partnership that set this up traces to a September 18, 2025 memorandum of understanding between DBS, Franklin Templeton and Ripple. The three parties framed the XRP Ledger as the settlement layer for a fund that could be rebalanced around the clock. “Digital asset investors need solutions that can meet the unique demands of a borderless 24/7 asset class. This partnership demonstrates how tokenised securities can play that role while injecting greater efficiency and liquidity in global financial markets,” said Lim Wee Kian, CEO of DBS Digital Exchange.
Franklin Templeton’s head of digital assets, Roger Bayston, positioned the move as an extension of the firm’s tokenization work. “We believe that blockchain and tokenisation unlock powerful new use cases that have the potential to reshape the global financial ecosystem. Leveraging Franklin Templeton’s expertise in blockchain technologies and digital assets, we are excited to partner with DBS and Ripple to introduce cutting-edge trading and lending solutions for investors,” Bayston said.
Ripple’s Nigel Khakoo, VP and global head of trading and markets, tied the deal to the stablecoin’s role as the exchange medium. “Investors can also seamlessly rebalance their portfolios between a stablecoin and a yield-generating money market fund, all within a single, trusted ecosystem, unlocking real-world capital efficiency, utility and liquidity that institutions demand,” Khakoo said. The comments are from the 2025 announcement and describe the partnership’s design, not the size of this week’s deposit.
Franklin has been extending the same fund across networks for over a year. Bybit already accepts Franklin Templeton’s tokenized money market fund shares as off-exchange collateral, and rival asset managers are building on the same playbook — J.P. Morgan recently expanded its own tokenized money market funds to Solana. The XRP Ledger entry is one more chain in that same race.
What to Watch Next
Two signals would turn this from an on-chain curiosity into a demand story. The first is distribution: if sgBENJI shares begin moving from Franklin’s single wallet into investor-controlled addresses, that would show the fund is reaching actual buyers. The second is collateral use — DBS has said it will explore letting clients pledge sgBENJI for credit, including repurchase agreements, and a filing or statement that names XRP or the XRP Ledger for settlement would be a different kind of catalyst.
For now, the deposit is best read as tokenization progress, not XRP demand. Franklin Templeton has not formally announced the allocation, and the single-wallet structure means the $150 million is staged on-chain rather than confirmed as investor money in circulation. The next check is Ripple Swell, running October 27 to 29 in New York, where the companies are expected to discuss the partnership further.
Frequently Asked Questions
Why is XRP down today?
XRP is down about 2.9% over 24 hours, trading near $1.28, as part of a broader crypto pullback. Franklin Templeton’s $150 million tokenized fund deposit did not lift the price because the shares pair with RLUSD, not XRP.
What is Franklin Templeton’s sgBENJI?
sgBENJI is the XRP Ledger token for Franklin Templeton’s Singapore-domiciled OnChain U.S. Dollar Short-Term Money Market Fund. Each token represents a share of the fund, which holds short-term dollar debt.
Did Franklin Templeton buy $150 million of XRP?
No. The $150 million is in money market fund shares tokenized on the XRP Ledger. The fund is dollar-denominated and settles through RLUSD, so the deposit creates no meaningful direct buying pressure on XRP.
How much is on the XRP Ledger now?
Roughly 193 million sgBENJI shares, worth about $200 million at the $1.039 share price, up from about 48 million shares before this week’s two subscriptions.
Price data is from CoinGecko as of October 24, 2026, and on-chain figures from XRP Ledger records via RWA.xyz. The partnership quotes are from the DBS, Franklin Templeton and Ripple announcement dated September 18, 2025.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
State Street, one of the world’s leading custodial banks with trillions of dollars in assets under management, is developing a multi-chain tokenization infrastructure. Recent documentation confirms the bank’s involvement with three major blockchain networks: XRP Ledger, Stellar’s XLM, and Hedera’s HBAR.
State Street’s blockchain architectureCrypto researcher SMQKE published documentation linking State Street to core developments on the XRP Ledger, Stellar network, and the Hedera blockchain. This material includes a tokenized money market fund issuer table and a Boston Consulting Group (BCG) slide from October 2021 that highlights State Street’s partnership with Securrency, a prominent tokenization platform.
The table provides details on the use of these blockchains in the creation and management of money market funds. According to the BCG slide, Securrency’s platform infrastructure is closely tied to both the XRP and Stellar networks, establishing a direct technological link between State Street and these digital asset ecosystems.
State Street is directly partnered with Securrency, which uses both XRP and XLM. Hedera is also one of the blockchain options for State Street to utilize for its tokenized money market funds. XRP, XLM, and HBAR have all been documented as part of State Street’s evolving digital asset strategy.
Partnership with SecurrencySecurrency, based in Washington, D.C., has raised $49.4 million in funding and offers tokenization services on Ethereum, Stellar, Ripple, Gochain, and EOS networks. The partnership with State Street is noted within the BCG analysis, emphasizing the bank’s integration with next-generation tokenization infrastructure.
Securrency’s system enables tokenized products to be issued and managed across multiple chains, including both XRP and Stellar. This alignment gives State Street direct access to key blockchain networks for its digital asset strategies.
Hedera and fund tokenization in EuropeThe documentation identifies State Street Global Advisors Europe Limited as the issuer of seven tokenized liquidity funds utilizing Hedera as the blockchain and Archax as the transfer agent. These funds are domiciled in Ireland, reflecting State Street’s commitment to implementing tokenization solutions across its European services.
BlackRock Asset Management Ireland Ltd is also listed in the documentation, managing six tokenized liquidity funds on Hedera via Archax. Both State Street and BlackRock are leveraging HBAR for institutional fund tokenization, further strengthening Hedera’s position in this growing sector.
This multi-network approach allows State Street to diversify its blockchain exposure—using XRP Ledger and Stellar via Securrency, and Hedera with its tokenized fund products based in Ireland.
Role of Archax and emerging tokenization trendsArchax, a UK-based digital asset exchange and custodian, acts as the transfer agent for both State Street and BlackRock’s Hedera-based funds. This positions Archax as a central operator in Europe’s institutional tokenized fund infrastructure.
The documentation underlines a trend among top asset managers: the implementation of tokenization infrastructure is advancing, with major institutions selecting networks, engaging custodians, and launching tokenized products.
Technical monitoring remains a core requirement amid these developments. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data from Fomo App, a trade involving “Niu Lai” converted a $99 investment into roughly $370,000, highlighting the dynamics of rapid investor interest. Monitoring not just prices but also timing and investor decisions is especially critical here. Fomo App combines token discovery and trading, adding social feeds, investor rankings, and trade notifications in a single environment, making it notable for those tracking meme token trends and investor activity.
State Street’s deployment across XRP Ledger, Stellar, and Hedera demonstrates a broad strategy, with each blockchain network serving distinct roles in its expanding tokenization agenda. The involvement of players like Archax and Securrency accelerates the adoption and sophistication of institutional tokenized products.
Crypto analyst Ash Crypto shared an updated weekly chart of XRP, highlighting a persistent multi-month resistance zone between $1.50 and $1.60. The analysis shows that XRP has remained constrained below this threshold for several months, suggesting that sentiment hinges on whether the asset can break through this level. Ash Crypto maintains that surpassing the resistance would likely allow XRP to advance toward the $2 mark with relative ease.
XRP price compression and historical peaksXRP previously climbed above $2 in early 2026, followed by a sharp decline that lasted through the first quarter. During this period, the asset’s price bottomed out near $1 in August before mounting a strong recovery rally toward the established resistance zone.
Despite renewed momentum, multiple attempts to move beyond $1.50 to $1.60 have failed, with each rejection contributing to a notable decrease in price. As of now, XRP trades around $1.32, still below the critical area highlighted by technical analysts.
Ash Crypto observed that once XRP breaks above this long-standing resistance, a move up to $2 could follow quickly. He added that the asset has been pinned beneath this level for months, reinforcing the significance of a decisive breakout.
Technical patterns and ongoing accumulationOn the weekly chart, three cup-shaped formations reflect extended periods of accumulation followed by upward surges. The most recent pattern is unfolding at current prices near $1.32, and the consistent pressure just below the $1.50 to $1.60 range signals buyers have not relinquished control.
With each new approach to the resistance, underlying demand appears steady, illustrated by repeated tests over an extended timeframe. Technical consensus suggests that a confirmed weekly close above $1.60 would remove the principal barrier to a potential rally towards $2. Analysts note that a similar attempt in September briefly pushed XRP past resistance, but the price failed to sustain its gains at higher levels.
Community members debated the criteria for a valid breakout, with some requesting clarification on whether a daily close or consecutive closes above resistance would suffice for confirmation.
Community outlook and market dynamicsThe post generated a broad range of reactions within the community. While some participants echoed the bullish expectation for a swift move to $2 following a breakout, others remained unconvinced. One user remarked that XRP’s underperformance extended over several years, noting increased reports of investors reducing their positions.
Other contributors focused on the technical setup itself and agreed that breaking above the resistance would likely be the catalyst for a significant advance. These differing perspectives underscore the importance of monitoring closing levels and market momentum in the coming weeks.
Given the rapid changes in crypto markets, tools that allow investors to access live charts, breaking news, and manage their portfolios efficiently have become essential. In a landscape where factors like Federal Reserve policy shifts or surprise altcoin listings can instantly alter market conditions, privacy-first platforms such as CryptoAppsy are gaining popularity. These services offer real-time charting, custom price alerts, coin-specific news, and macroeconomic data, all accessible from a single interface without requiring users to create accounts.
Key level to watchCurrently, the $1.50 to $1.60 range remains the focal point for traders. With XRP trading at $1.3212, market watchers view a sustained break above this resistance as the pivotal event that could unlock the next major upward move for the asset.
Popular technical analyst ChartNerd, known for his chart-focused commentary on X under the handle @ChartNerdTA, has renewed his bullish price forecast for XRP. In a recent post, ChartNerd stated, “If you can’t stomach $XRP at a buck, you don’t deserve it at $5-$8,” underscoring his conviction in the token’s long-term potential. This stance revisits his earlier analysis published in October, where he detailed the rationale behind his price targets.
ChartNerd’s technical basis for $5-$8 XRPOver recent months, ChartNerd has consistently argued against constantly circulating $1,000 XRP price targets, which he described as unfounded. Instead, he maintains a more conservative target in the $5-$8 range. In his video analysis, he emphasized the speculative nature of such predictions and added a disclaimer that his insights should not be construed as investment advice.
ChartNerd identified a multi-year compression pattern in XRP’s long-term chart data. Since 2020, XRP recorded higher lows, breaking that trajectory in November 2024. The token then surged to an all-time high of $3.65 in July 2025 before correcting by roughly 73%. He pointed out that a correction of such depth has only occurred around four times in XRP’s market history.
If you can’t stomach $XRP at a buck, you don’t deserve it at $5-$8.
ChartNerd’s price projection is based on Fibonacci extension levels, which he says indicate strong confluence at $8 using two separate technical measurements. He defined this range as his “conservative structure for the next sort of couple of years.”
Mini dictionary: Fibonacci extension — A technical analysis tool used to project potential future price targets by identifying key levels after a market move, based on mathematical ratios observed in the Fibonacci sequence.
Community debate and reactionsChartNerd’s recent post has revived discussion within the XRP community. Some long-term supporters echoed his message that current prices offer opportunity, warning that those who exit around $1 might miss out on substantial gains if the projected move plays out.
His commentary continues to attract attention, especially given his reputation for in-depth technical content focused on XRP and his consistent reference to the $5-$8 range.
Community members responded with a range of perspectives. One critic argued that similar technical patterns and price forecasts have persisted for a decade without specific timeframes, adding that XRP’s price movements have historically mirrored those of Bitcoin. This commenter expressed doubt about the predicted range, suggesting it could underestimate XRP’s future potential.
XRP Price ScenarioAnalyst/Community TargetChartNerd$5-$8Bullish commentators$25-$50XRP’s all-time high$3.65 (July 2025)Another commentator indicated they would view any dip to $1 as a chance to accumulate XRP, setting personal price goals as high as $25 to $50, a considerable increase over ChartNerd’s target. Others described themselves as patient holders, prepared to wait for the market outcome regardless of near-term fluctuations.
Throughout years of analysis, ChartNerd has maintained a $5-$8 target, stating that future market action will ultimately determine whether the community’s optimism is justified.
XRP remains a focal point for debate among analysts and investors, with opinions divided over how far the token can rise in the next market cycle. ChartNerd’s conservative yet optimistic outlook continues to provide a benchmark for discussions within the community.
XRP (CRYPTO: XRP) has slumped over the past four weeks, falling from its September high of $1.6562 to the current $1.2775. The retreat has coincided with the ongoing crypto market sell-off, which has also hit Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other altcoins.
XRP ETF Inflows and Ripple USD Assets are RisingXRP’s retreat is happening even as American retail and institutional investors continue buying its ETFs. SoSoValue data shows these funds have added more than $14.5 million in assets this month. In contrast, spot Bitcoin and Ethereum funds have lost $174 million and $1.1 billion, respectively. That suggests demand for XRP ETFs is holding up better than for its larger rivals.
XRP ETFs have had just one month of outflows since they were launched in November last year. These funds shed over $31 million in assets in March this year. In total, the funds hold $1.48 billion in assets, with Bitwise’s XRP and Franklin’s XRPZ having over $542 million and $398 million, respectively.
XRP price has wavered even as demand for Ripple USD (RLUSD) stablecoin continues rising. The stablecoin’s market capitalization has jumped to $2.46 billion from $894 million in the same period last year. It is nearing its all-time high of $2.56 billion. In contrast, USD Coin (CRYPTO: USDC) and USDT (CRYPTO: USDT) have lost their momentum. USDC’s market cap has fallen from over $79 billion earlier this year to $72 billion today.
Read Next
XRP and other cryptocurrencies are struggling because of the ongoing macro environment, with oil prices rising to $117. Rising oil prices mean that inflation will remain at an elevated level in the foreseeable future, forcing the Federal Reserve to hike interest rates.
XRP Price Has Formed a Double-Top PatternTechnicals suggest that XRP has formed a double-top pattern at $1.6535 and a neckline at $1.2520. This pattern usually leads to a reversal, which is usually confirmed when it drops below the neckline.
XRP has dropped below the 50-day moving average and the Strong pivot reverse level of the Murrey Math Lines. Therefore, the coin will likely continue falling, with the next target to watch being the Strong, Pivot, reverse level of the Murrey Math Lines tool at $1.00. This view will be confirmed if it drops below $1.2520.
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Solana Foundation official brand assets (solana.com/branding)
A recent analysis by Motley Fool suggests Solana is a more attractive option than XRP, citing higher network activity, greater transaction capacity, and stronger stablecoin usage as key advantages. Solana’s network processed 3.18 billion non-vote transactions in September 2026, with a stablecoin supply between $17.3 billion and $17.5 billion, alongside 888,000 daily active addresses. In contrast, XRP’s ledger handled 222.4 million transactions in Q2 2026, with a stablecoin holding of $1.11 billion, albeit dominated by concentrated automated transactions. The analysis appears to have contributed to a perception of Solana’s superior network metrics, which may influence market sentiment.
Key Takeaways
Analysis suggests Solana’s network activity and stablecoin usage are superior to XRP’s, consistent with support for Solana.
Solana processed significantly more transactions than XRP, suggesting its network is more active.
Market pricing suggests increased optimism for Solana could influence its price forecasts.
What to Watch
Market participants will be observing Solana’s ability to maintain its transaction volume and stablecoin activity, as these factors are consistent with scenarios supporting Solana’s price increase. Additionally, any regulatory developments affecting Solana or XRP could have a significant impact on market dynamics. Key players such as the SEC and Solana Labs may provide updates that could further influence market pricing trends.
Spot XRP ETFs have returned to net inflows this week after a first weekly outflow in about three months, with assets under management near $1.5 billion.
U.S. spot @Ripple $XRP exchange-traded funds are back in positive territory. The products are up roughly $4.25 million in net flows so far this week, following their first weekly net outflow in around three months.
Inflows resume after a short breakLast week's reversal was modest. TokenPost reported that U.S. spot XRP ETFs recorded about $1.84 million in net outflows during the October 12 to 16 trading week, ending 13 consecutive weeks of net inflows. The preceding week had brought in $11.31 million, according to the same report.
The outflow was concentrated in a single product. Canary Capital's XRPC fund accounted for a $2.47 million outflow on October 16, per TokenPost. Crypto Briefing noted that this was the first negative week since mid-July.
Flows have since turned. Data from SoSoValue cited by TokenPost show XRP spot ETFs attracted $3.55 million on October 22, a second consecutive day of net inflows, with Franklin Templeton's XRPZ accounting for all of it. FXStreet separately reported about $709,000 in inflows on Wednesday after two days of muted activity.
Assets near $1.5 billion lead the altcoin ETF fieldThe funds remain among the largest in the spot altcoin ETF category. SoSoValue data cited by U.Today put net assets at $1.49 billion, with cumulative historical inflows above $1.8 billion. Crypto Briefing said total net assets sit between roughly $1.47 billion and $1.57 billion depending on the reporting date, and that the gap versus cumulative inflows reflects movements in the price of the underlying XRP.
That price backdrop has been weaker. FXStreet noted that XRP has been trading near the $1.30 level, with technical indicators pointing to a fragile structure. Analysts caution that weekly flow data does not explain why investors move money, and TokenPost stressed that one negative week does not establish a sustained change in demand.
For now, the return to inflows suggests the October outflow was a brief pause rather than a reversal of demand. Whether the trend holds will depend on both fund flows and the direction of XRP's price in the coming weeks.
SourcesTokenPost: XRP Exchange Deposits Reach Seven-Month High as ETF Streak Ends
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 token's return to the psychological $2 mark is dragging on. The technical picture and the harsh math of coin supply point to a long sideways trend. The current macroeconomic model is squeezing the asset's potential, pushing the timeline for a real assault on key levels to the 2028 horizon.
According to TradingView data, the weekly XRP/USD chart has entered a phase of extreme Bollinger Band compression. Quotes have frozen at $1.3110, running into a dense resistance block in the $1.37–$1.40 range.
The indicator's middle line (20-week SMA) at $1.2514 is currently holding a local floor, while the upper band runs at $1.5997.
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Weekly XRP/USD price chart showing Bollinger Bands squeeze, Source: TradingView
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The current chart structure fully duplicates the prolonged accumulation cycle of 2022–2024. Prediction platforms, including Polymarket, estimate the chances of a breakout to $2 this month at only 10%. The indicator's math warns that in order to fully digest the current supply, the market will need a prolonged consolidation phase.
Why everything is great for Ripple, but not for XRPThe sleepy price chart sharply diverges from the powerful development of the project's distributed infrastructure — both Ripple and XRP Ledger. By October 2026, the network had reached peak fundamental form in three areas: the legal status of a digital commodity in the U.S. fully removed regulatory risks for banks; the integration of Ripple's RLUSD stablecoin into payment corridors organically accelerated native gas burn volumes; and the XLS-66 amendment and built-in AMM turned the blockchain into a full-fledged DeFi ecosystem.
The main brake on the spot price remains the escrow account mechanism. On the first day of every month, Ripple unlocks 1 billion tokens. About 80% of this volume is dutifully returned to lockup, but the remaining 200–300 million coins go to institutional partners every month via over-the-counter (OTC) deals.
This steady inflow of supply against the backdrop of tight Fed rates deprives the retail market of the strength for a quick takeoff.
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Only four factors are capable of pulling the price off its two-year brake and breaking this suspended animation:
Institutional shortage on the OTC market: If bank demand exceeds the scheduled escrow volumes, buyers will be forced to enter open exchanges, which will instantly break through the upper Bollinger Band.Capitulation of the U.S. Fed: A cut in interest rates will trigger a flow of capital from government bonds back into crypto assets with clear legal status, where this token holds a leading position.Explosive launch of lending pools in DeFi: The full deployment of the XLS-66 amendment will force large funds to lock billions of coins in smart contracts for the sake of yield, which will sharply reduce their free circulation.Large-scale integration of RLUSD by banks: If the new stablecoin becomes a basic tool for transnational corridors, fee burn volumes will grow hundreds of times, creating deflationary pressure.The implementation of any of these scenarios could forcibly interrupt the prolonged flat. But until macroeconomic triggers or a shortage on the OTC market outweigh the scheduled pressure of the escrow accounts, the bulls will have to adapt their strategies to the conditions of a long wait.
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.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
US retail investors’ bottom-fishing in semiconductor leveraged ETFs takes a hit, with SOXL plunging 20.5% in a single day.
FactSet data shows that Direxion Daily Semiconductor Bull 3X Shares (SOXL) drew $6.1 billion in inflows last week, a new single-week record. Investors were betting on a rebound in chip stocks, but SOXL still dropped 10.8% this week, marking its third straight weekly decline, with a cumulative fall of over 43% since October. Inflows continued through Thursday, but SOXL plunged 20.5% that day, its largest single-day drop since June 23. By comparison, non-leveraged iShares Semiconductor ETF (SOXX) fell 6.8% on the same day, with a cumulative decline of around 15.9% since October. SOXL uses derivatives to track three times the daily performance of the semiconductor index, amplifying both gains and downside risks. The semiconductor sector is under pressure mainly due to market skepticism about the return on investment in AI infrastructure. Investors are reassessing whether tech giants’ aggressive spending can meet earnings expectations. Earlier, AI chip demand lifted semiconductor stocks, with SOXX’s year-to-date gain once nearing 59%, but recent sell-offs have tested its rally. Mike Reynolds, vice president of investment strategy at Glenmede, noted that semiconductors are highly sensitive to AI infrastructure development, and AI-related trades are currently facing some doubt. He added that after strong stock rallies and valuation expansions, investors’ re-examination of the AI theme’s potential returns is a healthy market move. Meanwhile, all three major U.S. stock indexes closed lower on Friday, with the S&P 500 Information Technology sector falling for the third consecutive week, its longest weekly losing streak since March.
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Initia discloses details of the MoveVM vulnerability attack, suffering losses of approximately $2.7 million, while the INIT token supply remains unaffected.
Initia disclosed that at 22:59 Beijing time on October 23, attackers exploited a MoveVM script cache vulnerability to bypass security checks, forging states to add unsupported WETH, iUSD, and USDC balances to their accounts without altering the total supply of the respective tokens. The native INIT token was not minted, and its total supply remained unaffected. Before the network was shut down, the attacker transferred 105 WETH and approximately 1.4 million AUSD0 via LayerZero, and around 1.08 million USDC via Noble and CCTP, with total assets valued at roughly $2.7 million. These assets have been converted into 1135.52 ETH. Initia's L1 and Rollups remain suspended. The team is fixing the vulnerability, with repairs and audits expected to be completed within days, and is working with security partners to recover the stolen assets. The official added that a full incident analysis report will be released later, and reminded users to beware of unofficial links, messages, and statements.
3 minutes ago
Analyst: Bitcoin has seen notable pullbacks in every prior U.S. midterm election cycle, and its key support level of $73,000 requires close attention.
Crypto analyst Ali Charts wrote in a post that as the November 3 US midterm elections approach, investors may overlook the recurring Bitcoin pullbacks seen in previous election cycles. He believes this election could again bring significant volatility, with downside risks worth noting, and his key support level to watch is $73,000. According to his statistics, Bitcoin saw pullbacks of 72%, 65%, 52%, and 27% during the US midterm election cycles in 2010, 2014, 2018, and 2022 respectively. However, he emphasized that correlation does not equal causation; the elections themselves may not be the cause of the drops, and these pullbacks are also influenced by Bitcoin’s overall market cycle, liquidity conditions, and investor sentiment. Q4 returns show a similar pattern: Bitcoin fell 16.70%, 42.16%, and 14.75% in Q4 of 2014, 2018, and 2022 respectively. The only exception was 2010, when it rose 391%—though Bitcoin was still in its early stages back then. As a result, three of the past four midterm election years saw negative Q4 returns. Regarding future price action, Ali Charts noted that the $73,000 level is near the average acquisition cost of Bitcoin’s current short-term holders, making it a key area to monitor the positioning of recent investors. He pointed out that in an established bull market, Bitcoin often finds support near the short-term holder average cost after a significant pullback. He believes that if selling pressure accelerates after the November 3 elections, pushing Bitcoin back toward $73,000, this zone will be a critical level to test whether buyers are still willing to uphold the overall bullish trend. If prices rebound sustainably from this area, it will reinforce the bullish thesis. For trading, he will wait for signs of selling pressure drying up and demand reemerging before considering opening long positions.
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SpaceX’s $40 billion off-balance-sheet debt financing is facing pressure on pricing negotiations amid turmoil in the AI market.
According to Bloomberg, citing people familiar with the matter, SpaceX is negotiating a $40 billion off-balance-sheet debt financing plan, which would use a special purpose vehicle (SPV) to purchase Nvidia chips to support its AI business expansion. The structure is designed to keep the related liabilities off SpaceX’s balance sheet, preserving its investment-grade credit rating. However, recent turmoil in the AI sector has pushed up industry borrowing costs, complicating pricing negotiations. Banks led by Goldman Sachs are discussing the plan with investors led by Apollo; Apollo-backed Atlas SP would manage the entity, with Pimco also considering participation. Previously, yields on some subordinated debt were discussed in the mid-8% to 9% range, but recent volatility has prompted investors to reevaluate pricing, and the two sides remain in talks. SpaceX’s financial filings this week also revealed that last year, xAI had attempted to raise up to $20 billion in off-balance-sheet debt via a sale-leaseback arrangement with Valor Equity Partners. Auditors classified the deal as a “failed sale-leaseback arrangement”, leading SpaceX to eventually record roughly $13 billion of the sum as its own debt. The proposed structure aims to avoid a repeat of that outcome.
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South Korean stock market's retail war chest shrank by 36.5%; retail investors continued net buying, but capital replenishment has slowed.
Data from Korea Financial Investment Association shows that as of October 22, investor deposits at South Korean securities firms fell to 88.68 trillion won, a drop of around 51 trillion won from the all-time high of 139.69 trillion won recorded on June 4, representing a 36.5% decline and returning to levels seen at the start of the year. The balance dipped below 90 trillion won on October 21, marking the first such drop in nearly nine months. Investor deposits refer to funds held in securities firm accounts that have not yet been used to purchase assets such as stocks, and are typically viewed as potential buying power. The decline in the balance can stem from either stock purchases or fund withdrawals, so the full drop cannot be equated to capital exiting the stock market. Retail investors continue to make net purchases. Between June 4 and October 23, individual investors bought a net 44.17 trillion won in the KOSPI market and 3.15 trillion won in the KOSDAQ market, while net purchases of ETFs over the same period reached 28.25 trillion won. The report notes that unlike the first half of the year, where new capital inflows exceeded stock purchases, the pace of capital replenishment in the second half has lagged behind outflows, leading to the continuous decline in deposit balances. The KOSPI index closed at 5550.30 points on October 23, having fallen nearly 20% over the past month. A securities industry official said the recent decline is indeed excessive relative to earnings fundamentals, but the AI sector, which previously drove gains, still faces credit risk concerns, making it too early to expect a sustained rebound.
3 minutes ago
Renowned Trader: Bitcoin Should Add Positions Instead of Panicking When It Hits $80,000 'Buy Zone'
Renowned crypto trader Doctor Profit stated in a post that every time Bitcoin hits its "buy zone", it is an opportune moment to add to existing long positions, and he is currently executing this strategy. His accompanying chart labels the area near $80,000 as the "buy zone", emphasizing: "This zone is for buying, not panicking."
XRP non-empty wallets on the XRP Ledger have reached a new all-time high of 8.24 million, according to data published by Santiment Intelligence on October 22, 2026.
The milestone arrives as daily XRP non-empty wallets growth spiked to 4,772 new addresses in a single day, the fifth-largest daily surge recorded since March.
XRP was trading near $1.36 at the time of the report.
Record Wallet Count Reflects Sustained Adoption Despite Price Volatility The steady climb in XRP non-empty wallets has persisted through months of price turbulence. Santiment notes that fresh user participation is accelerating.
This suggests new entrants are actively joining the network rather than simply existing holders reshuffling funds.
The timing is notable. In September, the XRP Ledger recorded its largest single-day new-account print, 11,432 new accounts on September 24, roughly 320% above the daily average.
The October spike of 4,772 wallets is smaller but still signals continued momentum.
Holder distribution data adds further context. The XRP rich list for September 2026 showed concentration among large holders, yet the widening base of non-empty wallets points to broader retail participation alongside institutional accumulation.
Institutional interest has been a structural driver. The Evernorth XRP treasury, which secured 94% shareholder approval for a 473 million XRP acquisition plan, reflects the scale of organised demand entering the ledger.
The Evernorth-Ripple partnership with Kraken, Coinbase, and Bitgo underpins that treasury deployment.
XRP fell -2.83% over the last 24 hours to sit at $1.29, extending a week-long downward trend that has dragged the cryptocurrency down -1.18% over the past seven days.
Despite the recent slump, the digital asset maintains a massive $81.3 billion market capitalization, backed by a circulating supply of 63 billion tokens, while racking up over $1.21 billion in trading volume during this recent day of trading.
$1.40 Is the Key Level, Sustained Growth Above 4,000 Daily Wallets Could Confirm Bullish Signal Santiment laid out two clear scenarios for investors. On the upside, a sustained move above $1.40, while daily XRP non-empty wallets creation stays near or above 4,000, would make a return toward $1.50 “more than plausible.”
On the downside, losing $1.30 while new-wallet creation falls below roughly 3,000 would weaken the short-term adoption signal.
The bullish case is complicated by supply-side pressure. XRP exchange reserves recently hit 11.81 billion, near the 99th percentile of the past year, signalling elevated sell-side availability near current prices.
Sentiment has also been mixed. Santiment’s bullish-to-bearish ratio for XRP hit 0.67 earlier in October, its weakest reading since August 17. Recovering sentiment alongside sustained wallet growth would reinforce the path toward $1.40.
On-chain volume offers an additional signal. XRPL transactions recently hit 50 billion cumulative, underlining that the ledger’s activity base is expanding.
Meanwhile, U.S. spot XRP ETFs have attracted over $1.7 billion in cumulative inflows, with institutional custodians deepening their involvement, a trend highlighted in a joint Ripple-BCG report on financial institution custody.
Investors should note that wallet counts track addresses, not unique individuals. Exchanges, custodians, and active traders control multiple wallets.
The metric is most meaningful when read alongside price action, exchange flows, and ETF demand rather than in isolation.
XRP has also launched an official X account managed by Ripple and the XRP Ledger Foundation, adding a new layer of community infrastructure as the ledger continues to grow.
Jack Pouderoyen, Head of Digital Asset Strategy at SWIFT, shared insights on the evolution of the global financial system in a recent discussion with Finextra Research. He emphasized a shift towards 24/7 cross-border payments, programmable forms of digital cash, atomic settlement, and tokenized securities as core objectives for the industry.
SWIFT’s digital asset ecosystem and industry goalsSWIFT, the renowned global financial messaging network, is piloting a new ledger initiative that currently involves 17 banks across six continents, with over 40 institutions contributing to its development. Transactions on the platform span major currencies, including the US dollar, euro, British pound, Hong Kong dollar, and Singapore dollar.
Pouderoyen detailed the industry’s focus on enabling banks to efficiently move liquidity worldwide at any hour, particularly through tokenized deposit functionality. He noted a rising demand for a digital cash leg suitable for continuous, programmable settlement, which would streamline not only securities transactions but also payment versus payment (PvP) for FX deals.
Pouderoyen identified 24/7 payment capability as a critical component for banks looking to manage international liquidity and settlement outside of traditional operating hours. He underlined the importance of programmable money in unlocking atomic settlement efficiencies across both securities and foreign exchange arenas.
Ripple’s infrastructure and market parallelsCommentator X Finance Bull highlighted that Ripple’s XRP-centric infrastructure closely mirrors the developments outlined by SWIFT. Ripple, a San Francisco-based fintech company specializing in blockchain-based global payments, has implemented atomic settlement processes utilizing RLUSD for digital cash transactions. Recent collaborations involving Ondo, Kinexys (a J.P. Morgan solution), Mastercard, and Ripple resulted in a tokenized US Treasury redemption settled on the XRP Ledger (XRPL) in under five seconds.
A broad array of institutions—including Standard Chartered, DBS, Franklin Templeton, BNY, Aviva Investors, DriveWealth, CSD BR, BTG Pactual, and Meritz Securities—are actively developing tools around RLUSD, tokenized funds, and new digital settlement models.
Mini dictionary: RLUSD – A Ripple-issued stablecoin designed for fast, secure, and programmable digital transactions, often serving as a settlement asset on the XRP Ledger and in atomic settlement processes.
The FX dimension and XRP’s roleX Finance Bull pointed out that foreign exchange (FX) settlement is a pivotal opportunity. With global FX turnover estimated at $9.6 trillion daily and total gross settlement obligations exceeding $14 trillion per day, the demand for instant settlement solutions is significant. XRP’s architecture supports native cross-currency transactions and features auto-bridging, attributes that align with SWIFT’s described roadmap for digital settlement.
FeatureSWIFT (New Ledger)Ripple (XRP/RLUSD)24/7 cross-border paymentsIn piloting phase with banksOperationalProgrammable digital cashUnder developmentImplemented with RLUSDAtomic settlementHighlighted as targetLive on XRPLFX auto-bridgingDescribed as goalNative to XRPIndustry observations and future outlookPouderoyen’s interview did not reference XRP directly, but analysts like X Finance Bull see a notable overlap in technological objectives. He noted that Ripple’s long-standing efforts to position XRP for this type of financial world now reflect the priorities discussed by SWIFT.
X Finance Bull wrote, “They are describing the exact financial world Ripple has been preparing $XRP for, and I think that is massive.”
While the commentary does not amount to an official partnership or endorsement, it underscores a growing convergence in approach between traditional banking infrastructure and blockchain-based financial solutions. SWIFT and Ripple appear to be moving in parallel toward 24/7, programmable, and atomic settlement capabilities, even if their paths have not formally crossed.
Franklin Templeton has added roughly $150 million in sgBENJI shares to the XRP Ledger (XRPL). The move nearly quadrupled the asset manager’s tokenized fund position on the ledger overnight.
On-chain data shows two separate $75 million cash subscription receipts recorded on Wednesday.
The matching share issuances followed on Thursday. Each batch delivered just over 72.18 million sgBENJI shares at a price of $1.039 per share.
Before the inflow, Franklin held roughly 48 million shares on the XRPL. That figure has now climbed to nearly 193 million shares. At current pricing, the position is worth approximately $200 million.
One Wallet, Eight Signers, What the Structure Means
The entire sgBENJI balance on XRPL sits inside a single wallet. That wallet shares the same eight signing addresses as Franklin’s issuing account.
Any two of those eight addresses can jointly approve a transaction. Franklin retains the right to freeze balances or recover tokens if needed.
This design is typical of regulated tokenized fund structures. Issuers use multi-sig accounts to enforce compliance controls while keeping assets on a public ledger.
Still, concentrating the full position in one wallet raises operational questions, particularly around who the end investor is. Franklin has not clarified whether the wallet is an omnibus account holding multiple clients or a single large allocation.
The move extends a broader institutional push on XRPL. Ripple’s partnership with DBS and Franklin Templeton, announced in September 2025, set the stage for this: it enabled DBS Digital Exchange clients to swap between sgBENJI and Ripple’s RLUSD stablecoin and explore using the fund tokens as collateral.
Franklin’s commitment to XRPL is not incidental. Franklin Templeton’s digital assets head has publicly backed XRP for its practical utility, citing throughput, cost, and reliability as reasons institutions are choosing the ledger over alternatives.
XRPL’s RWA Market Grows, Franklin Now Ranks Second
RWA.xyz now ranks Franklin Templeton second among tokenized asset issuers on XRPL. Ripple’s RLUSD leads with roughly $930 million.
Ondo Finance sits third at $185 million. Franklin’s sgBENJI position at ~$200 million slots in between.
This ranking shift matters in context. XRPL’s real-world asset market cap hit $2.25 billion earlier this year, rising 124% in Q1 2026 alone. Franklin’s fresh inflow adds weight to that trend.
The asset manager has also been laying regulatory groundwork in parallel. It secured SEC clearance for its funds to hold tokenized assets and met with the SEC’s Crypto Task Force on 1940 Act issues to clarify how tokenized funds interact with the Innovation Exemption.
Beyond regulation, Franklin has been expanding utility for its tokenized shares. Its partnership with Bybit lets eligible clients pledge sgBENJI shares as collateral to secure stablecoin credit lines while still earning fund yield.
It also tapped HashKey to bring the tokenized fund to Asia, reaching professional investors through HashKey Exchange’s Earn channel.
Ripple, for its part, has continued deepening infrastructure on the ledger. Its strategic investments in ZILO and Licuido expand regulated token issuance and collateral services, building exactly the rails that institutions like Franklin now use.
For those exploring where to access real-world assets on-chain, leading crypto exchanges now offer RWA trading options as the sector grows.
24 October 2026 | 11:10 Franklin Templeton issued $150 million in new fund shares on XRP Ledger on October 22, roughly double the fund’s September assets, and every share landed in one wallet.
Key Takeaways Two $75 million subscriptions issued on October 22 XRPL wallet now holds 192.7 million shares Fund reported $75.29 million net assets September 30 Wallet and issuer share eight authorized signers CoinDesk’s ledger review, published October 24, traced the issuance to two cash subscription receipts that Franklin’s issuing account wrote onto the ledger on October 21.
From 48 million shares to 192.7 million in two batches About 48 million sgBENJI shares sat on XRPL before the issuance. Two batches of roughly 72.18 million shares followed at 02:58 and 04:13 UTC, each matched to its subscription receipt and priced at $1.039.
Bithomp’s distribution data shows 192.7 million shares outstanding, all in one address, worth about $200.2 million at the transaction price. Two other addresses are authorized to hold the token and carry zero balances.
Against the fund as a whole, the new money is large. Franklin’s September 30 factsheet lists total net assets of $75.29 million across every network the fund uses, Stellar included.
How large is the wallet’s slice of the fund?
Fund net assets, September 30$75.29M
Subscriptions issued October 22+ $150M
Rough fund total≈ $225M
XRPL wallet value≈ $200M (about 89%)
The estimate assumes no other subscriptions or redemptions since September 30. Flows on other networks would not show on XRPL.
CoinDesk reported that Franklin now ranks second among XRPL tokenized-asset issuers on RWA.xyz, behind Ripple’s RLUSD stablecoin at about $930 million and ahead of Ondo at $185 million. As with XRPL’s wider tokenized-asset totals, the ranking reflects recorded value, and in Franklin’s case a single wallet supplies all of it.
One set of keys on both sides of the issuance The funded wallet and Franklin’s issuing account list the same eight signing addresses, and any two of them can approve a transaction, according to CoinDesk. The keyholders who issue sgBENJI on XRPL can therefore also move the shares they issued.
Two arrangements fit that pattern. Franklin or its transfer agent could run the wallet for many clients and track each stake off the chain, a common setup among brokers and custodians. The wallet could also belong to one large investor whose account Franklin operates.
The fund’s register is designed in two layers. A Project Guardian industry report hosted by the Monetary Authority of Singapore describes sgBENJI tokens as evidence of fund shares, with shareholder identities kept in internal systems linked to the blockchain entries. Franklin also controls access to the token: holding sgBENJI on XRPL requires its approval, and the token’s settings let the issuer freeze balances and recover shares.
CoinDesk asked Franklin whether the wallet is an omnibus account, how many investors funded the subscriptions and whether they will receive shares in separate addresses. Franklin had not responded by Saturday morning in Asia.
The yield case and the DBS trading plan The shares belong to the Singapore-domiciled Franklin OnChain U.S. Dollar Short-Term Money Market Fund, which holds short-term dollar debt such as government paper, commercial paper and bank deposits. Returns build up in the share price. The factsheet shows a 3.57% one-year return after fees, a 0.20% expense ratio and a $1.04 net asset value for the A (acc) USD class, consistent with the October 22 price. The fund does not buy XRP.
Franklin, DBS and Ripple also set out a trading use for the shares. In a September 2025 agreement, DBS Digital Exchange said it would list sgBENJI alongside RLUSD so eligible clients could swap between the two around the clock. DBS added that it would explore letting clients pledge the shares as collateral, through repo deals with the bank or loans from third-party platforms.
The ledger data fits either a trading or a holding explanation. A venue offering fast swaps would need shares on hand, and a large block in a Franklin-administered wallet could serve that role. One or a few institutions could also have bought $150 million of a dollar money fund for its yield, with no plan to trade it. Because swaps on an exchange’s internal books need not appear as XRPL transfers, a wallet with no outgoing movement fits both readings.
Cash comes out on the fund’s schedule Route to cash Speed Limit Redeem with the fund Normally within seven business days; 4:30 p.m. Singapore cutoff Possible 10% daily cap per share class Swap on DBS Digital Exchange Minutes, around the clock, paid in RLUSD Eligible DBS clients only Sell to another investor As fast as the buyer settles Buyer needs a Franklin-approved wallet Borrow against shares Set by the lender DBS said it would explore this Under Franklin’s September 2026 Product Highlights Sheet, the seven-day window starts once a request is received and accepted, and requests that miss the cutoff generally roll to the next dealing day.
The daily cap matters because of how concentrated the XRPL position is. If the wallet’s shares sit in a class close to the fund’s total size, a full redemption would exceed one day’s limit many times over, and the fund could spread the payout across many dealing days. The cap is discretionary, and there is no sign it has been used.
Three disclosures that would fill the gaps The October 31 factsheet, due in November, should show whether fund assets rose by close to the full $150 million or whether redemptions elsewhere offset part of it. Any balance appearing in the two authorized but empty XRPL addresses would show shares moving to separate holders. DBS figures on sgBENJI swaps or collateral use would show whether the trading plan accounts for any of the $200 million. This article is provided for informational purposes only and does not constitute financial or investment advice. Tokenized funds carry investment risks and remain subject to eligibility, transfer and redemption requirements.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Ripple CTO Emeritus David Schwartz has elaborated on how XRP derives its value within the broader financial ecosystem, offering new insights amid continued debate among the XRP community regarding the asset’s utility and potential for price growth.
The core thesisDiscussions among XRP supporters recently centered on the network’s fee structure and deflationary design, with several community members questioning whether these factors directly impact XRP’s price. Schwartz responded by articulating his main argument in a detailed thread.
In his explanation, Schwartz stated that low fees and consistent network performance make the XRP Ledger an attractive venue for transferring and holding value. This utility, according to Schwartz, results in increased activity and value flow into the XRP Ledger. He argued that XRP is well-positioned to benefit from this growth, thanks to its unique properties compared to other assets available on the platform.
Low fees and reliable operation make the XRP Ledger a favorable environment for moving and holding value, which increases value flow into the ledger. XRP is able to capture part of that value because it offers advantages not found in other assets on the network.
Schwartz outlined a logical sequence: reduced transaction costs and operational reliability attract users, which, in turn, drives value onto the network. As XRP is the native asset, it is uniquely situated to absorb part of this value due to its role in network operations.
Why XRP specifically?Schwartz distinguished between the value inherent in the XRP Ledger as a network and the value of XRP as its native token. He emphasized that the ledger’s appeal drives activity, and XRP specifically captures demand due to intrinsic features that other assets on the same ledger do not possess.
Key aspects highlighted by Schwartz include XRP’s function as a counterparty-free asset accepted by any account on the ledger and its necessity for paying transaction fees. These characteristics underpin the token’s demand as ledger usage increases.
Schwartz’s thesis received prompt feedback from community members. Some argued that a higher XRP price is a prerequisite for the ledger’s success, rather than a secondary effect. Others referenced Schwartz’s previous explanations and expanded on the concept of XRP “capturing” value, suggesting it involves its central role as a liquidity bridge enabled by auto-bridging mechanisms.
In subsequent exchanges, Schwartz clarified that auto-bridging represents just one aspect of how XRP captures value on the ledger. He maintained that XRP’s singular status as the only counterparty-free asset, its requirement for network fees, and its overall integration position it to benefit as activity and value on the ledger expand.
Market observers noted that technical factors, such as transaction reliability and low operational costs, create an environment where both user adoption and related assets like XRP can see increased interest. This has parallels in the meme token market, where viral trends can swiftly generate substantial interest. Data from Fomo App pointed to a recent trade in which an investor turned $99 in the “Niu Lai” meme token into about $370,000, underlining the speed and scale of such movements. In markets exhibiting rapid sentiment shifts, tracking investors’ timing and token choices is increasingly important. Platforms like Fomo App are now combining features such as token discovery, social feeds, investor rankings, and trade notifications to help users monitor sector trends alongside key investor activity.
XRP stands out as the only asset on the ledger that does not require a counterparty and can be accepted universally by any account. Its necessity for paying fees, combined with these structural characteristics, strengthens its position as ledger volume and utility grow.
A social media influencer known as Time Traveler has reaffirmed his prediction that XRP could eventually reach $73,000 per token, stating that he has been sharing this forecast for over 600 days. The crypto enthusiast credits the price target to a dream and claims to have cited developments linked to Ripple’s international integrations following this experience.
Price target stirs debate on XTime Traveler outlined his stance in a recent post on X, formerly Twitter, addressing critics who question the credibility of his $73,000 projection for XRP. He reiterated that this price point originated from a dream and emphasized that he has maintained this outlook for nearly two years.
In response to a challenge about the soundness of his prediction, he insisted that he has been transparent about his beliefs, highlighting the consistency of his posts regarding Ripple’s progress and XRP’s potential valuation. However, he did not specify any particular year or deadline for the target price to materialize.
“Do not play yourself by saying I didn’t tell you. I told you for 600+ days!” he wrote in his latest post, defending his long-standing position against those dismissing his forecasts.
The post added to the ongoing debate about XRP’s price outlook, as other voices in the crypto community continue to question the rationale behind the bold forecast.
ChartNerd, another X user known for cryptocurrency technical analysis, commented on XRP’s recent performance, noting frustration with the coin’s current trading range. According to ChartNerd, XRP price had been fluctuating between a resistance ceiling near $1.50 and $1.60 and a support zone around $1.30 to $1.25 over a 10-week period, despite positive news and developments related to Ripple.
XRP Price RangeResistance LevelSupport LevelCurrent (last 10 weeks)$1.50 – $1.60$1.25 – $1.30Time Traveler’s post has generated varied reactions on social media. Some users voiced support, suggesting that if the forecast turns out to be accurate, early believers could see significant gains.
Derek John remarked that most people have mocked Time Traveler’s claims, but pointed out that those who take his prediction seriously stand to benefit if it comes true. Another user, SCUTIEBOY, pressed for clarification, asking Time Traveler to specify a year in which XRP could reach $73,000, highlighting the lack of a concrete timeline for the ambitious target.
Others expressed skepticism. Glen Douglass argued that such a valuation might only be possible in the distant future, possibly when inflation reduces the meaning of nominal figures. Douglass also questioned the credibility of making projections based solely on dreams.
Background on Time Traveler’s predictionTime Traveler has previously explained the background to his price target, revealing that he had not used X before experiencing a dream in which he saw XRP at $73,000 per token. Following this, he rebranded his account from Open Truth Ministry to Time Traveler, as he felt the experience was like jumping forward in time.
He described the early days of his social media presence, noting that he began with just 50 followers and gradually attracted a small but dedicated audience who supported his posts from the outset.
Reflecting on his forecast, Time Traveler presented two outcomes: either he was fabricating the story or genuinely reporting his dream. He added that it would be statistically improbable for his prediction to be accurate due to luck alone.
Despite his ongoing confidence, the $73,000 projection remains an unverified claim based largely on personal experience rather than traditional market analysis. There is currently no established timeline or verifiable evidence that could substantiate XRP reaching this target, and its realization would depend on a range of unpredictable market factors.
Mini dictionary: Ripple is a technology company that develops global payment and real-time gross settlement solutions, best known for its association with the cryptocurrency XRP. The company works with financial institutions worldwide to enable faster and more cost-effective cross-border transactions.
Major cryptocurrencies Shiba Inu (SHIB), Dogecoin (DOGE), XRP, and Binance Coin (BNB) showed divergent trends, with technical indicators highlighting ongoing uncertainty across the broader crypto market. While SHIB, DOGE, and XRP grappled with persistent selling pressure and struggled below important resistance levels, BNB displayed relative strength above its long-term trend indicators.
Shiba Inu (SHIB) faces bearish sentimentShiba Inu continued to trade under sustained bearish pressure, hovering near $0.00000508 after losing momentum in its recent recovery attempts. The altcoin failed to reclaim resistance between $0.00000530 and $0.00000550, where several short-term moving averages were clustered.
A move above this range could trigger further advances toward $0.00000580, with the $0.00000600 mark acting as a psychologically significant target for buyers. However, the descending trend in long-term moving averages signaled ongoing vulnerability to downside risk.
Immediate support sits at $0.00000500, with a drop below this threshold potentially exposing SHIB to additional declines toward $0.00000470 and $0.00000450. The Relative Strength Index (RSI) remained below the neutral 50 level, indicating that bearish momentum remained dominant. Lower trading volumes also pointed to a lack of substantial buying conviction. A clear move above $0.00000550 could be the first signal for a shift in short-term sentiment.
Despite signs of stabilization in the broader market structure, the combination of persistent resistance and muted trading activity continues to keep SHIB on uncertain footing as it trades near recent lows.
Dogecoin (DOGE) slump extendsDogecoin traded near $0.07958 following an extended decline throughout 2025. Attempts to mount a lasting recovery repeatedly stalled, with the latest rejection occurring near $0.1000. This reversal brought DOGE below several important moving averages and reaffirmed the prevailing bearish setup.
DOGE faces immediate resistance between $0.0850 and $0.0880. A breakout above this area could push the price closer to $0.0920, where a downward sloping long-term moving average poses another obstacle. The psychological level of $0.1000 remains a key upside target for any significant reversal.
On the downside, DOGE finds support around $0.0780, with further protection at $0.0750. A clear breach below these levels would likely increase selling pressure, possibly driving prices down to $0.0700—a level that previously attracted buyers. The RSI hovered near the bottom of its neutral range, signaling subdued buying momentum. Declining volume added to signs of caution among traders.
AssetCurrent PriceResistanceSupportShiba Inu (SHIB)$0.00000508$0.00000530–$0.00000550$0.00000500Dogecoin (DOGE)$0.07958$0.0850–$0.0880$0.0780XRP$1.3045$1.35, $1.38–$1.40$1.30Binance Coin (BNB)$743.70$750–$760$710–$720XRP sellers keep control under resistanceXRP traded around $1.3045, remaining weak after losing ground to sellers at higher levels. The token briefly rallied from August lows near $1.00 but could not sustain momentum as multiple resistance zones pushed the price lower. XRP continued to hover beneath its descending long-term moving average, which stood near $1.38, creating a central challenge for any bullish reversal.
Key resistance sits at $1.35, while a cluster of moving averages between $1.38 and $1.40 further limits upside attempts. Establishing a foothold above these levels could renew bullish optimism, potentially setting a path toward $1.45 and $1.50. However, buyers would likely need improved trading activity and consistent closes above resistance levels to confirm the start of a new uptrend.
Support at $1.30 is critical in the near term, with a break below that area leaving room for further declines to $1.25 or even $1.20. If selling accelerates, technicians point to the $1.10–$1.15 range as the next potential target. Lower volume since XRP’s last breakout has further contributed to uncertainty around short-term market direction, suggesting that consolidation or additional weakness is possible without a clear catalyst to the upside.
Buyers have attempted to steady XRP after the latest rejection at resistance, but the waning volume and inability to regain higher ground highlight a cautious environment where downside risks remain prominent.
Binance Coin (BNB) steadies above trend supportBinance Coin traded near $743.70 as stabilization efforts emerged following a correction from highs around $800. As the native token of the Binance ecosystem and one of the largest cryptocurrencies by market capitalization, BNB held above critical long-term trend indicators, reflecting relative strength compared to many peers stuck below their averages.
BNB’s rebound from approximately $580 in August to $800 in early October marked a robust recovery. After a wave of profit-taking pushed the price toward $720, buyers stepped in, keeping the asset well-positioned above short-term support.
Resistance is clustered between $750 and $760, with a successful breakout likely to renew buying interest and challenge the $780 level, followed by the key psychological bar at $800. Support resides between $710 and $720, an area where previous demand provided stability.
With the RSI around the midline, analysts view BNB as being at a crossroads between bulls and bears. Current consolidation near $740 suggests selling may have eased post-correction, but stronger volume will be needed to confirm new upward momentum. Maintaining closes above $710–$720 would support the longer-term recovery trend, while a break above $760 could boost optimism for a fresh rally.
Mini dictionary: Binance Coin (BNB) is the native digital asset of Binance, one of the world’s largest cryptocurrency exchanges. BNB is used to pay transaction fees on Binance, participate in token sales, and access a variety of financial services within the Binance ecosystem.
M is the only major exception in the green today, while WLD has plummeted hard, followed by LIT, DOT, STRK, and many others.
Bitcoin’s adverse price movements that began with the rejection at $85,000 on Wednesday continue, with the asset sliding to $80,400 earlier this morning, perhaps due to the latest Trump comments on the war against Iran.
Most altcoins have followed suit, with ETH dropping further below $2,400, and XRP seemingly losing the crucial $1.30 support. NEAR, BTW, PUMP, WLD, and DOT have slumped even more.
Will $80K Hold? After the intense volatility experienced in the previous business week following the release of the CPI and PPI data, and BTC’s subsequent retreat to under $80,000, the cryptocurrency tried to rebound almost immediately and stood above $82,000 over the weekend. Then came a flash crash that brought it south by a grand on Saturday evening, before the bulls tried to take down the $83,000 resistance on Monday.
They failed at first, and bitcoin slipped to $81,000. A sudden uptick on Tuesday drove it to just over that line before the bulls took it a step further on Wednesday, driving BTC to a two-week peak of almost $85,000.
However, this was a short-lived rally, and the rejection was quite rapid and painful. At first, BTC tanked to under $83,000, but the bears took complete control of the market on Friday and Saturday morning, at least for now, driving bitcoin to $80,400 for the first time in about ten days.
Although BTC remains above $80,000 as of now, it’s still 1% down for the day again. Its market cap has pulled back to $1.620 trillion, but its dominance over the alts stands tall at 60% on CMC.
BTCUSD October 24. Source: TradingView Alts in the Red Again ETH is down by a similar percentage to BTC and sits well below $2,400. Ripple’s native token has dived by over 2%, and it’s now below $1.30. Recall that the asset neared $1.40 on Wednesday before the market-wide pullback. SOL is close to breaking below $100, while ZEC has tanked below $1,200.
Further losses are evident from XMR, XLM, LINK, RAIN, LTC, and NEAR. WLD is the only double-digit loser, while M has defied the broader market’s move with a 10% surge.
The total crypto market cap is down by over 1% daily to $2.7 trillion on CMC.
Cryptocurrency Market Overview October 24. 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.
South Korea accounts for about 30% of all XRP trading volume, according to Evernorth CEO Asheesh Birla. Speaking on a panel in Korea, he said that liquidity puts the country ahead in turning XRP from a coin people trade into capital that supports tokenized real-world assets.
Birla added that XRP was the No. 1 asset on Upbit, the country’s largest crypto exchange, on most trading days since January.
Why Liquidity Matters For Tokenization
Birla argued that tokenized assets are of little use without liquidity around them. Korea’s deep XRP markets, he said, mean tokenized products launched there should be readily available, with prices close to what investors would pay off-chain.
He also said retail investors in Korea are currently ahead of institutions. Once new regulation passes, he expects the two groups to support each other.
From Payment Token To Capital Asset
Hugo of Flare said his firm sees XRP as more than a token for moving money on the XRP Ledger. On Flare, holders can:
Borrow dollar-backed stablecoins against their XRPPut those dollars into other assetsKeep exposure to any rise in XRP’s price while doing soHe said this turns XRP from a transaction token into a capital asset that can earn yield or back a loan.
50 Million XRP Committed To Firelight
A speaker from Firelight said the platform launched pre-deposit vaults at the start of the year and has already received 50 million XRP in commitments. Firelight wants to build an insurance and protection layer on-chain, so that staked XRP acts as an economic backstop for decentralized finance.
The speaker said the lack of strong risk infrastructure is a problem across DeFi, not only for XRP. Retail users and institutions will both need that protection before on-chain capital markets can grow.
What It Means For XRP
The panel’s message was that XRP’s next stage of growth may depend on what holders do with their tokens, not on trading volume. Korea already has the volume. The open question, panellists said, is whether lending, yield and insurance products can turn that trading activity into capital that stays on-chain.
Story Ends Here
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The Office of the Comptroller of the Currency (OCC), a leading US federal banking regulator, finalized its rules implementing the GENIUS Act on October 21. This move marks the OCC as the first regulator to officially complete the framework for stablecoins since Congress passed the GENIUS Act in July 2025.
SMQKE highlights XRP benefitsCryptocurrency researcher SMQKE responded promptly to the OCC’s announcement, suggesting that the regulatory clarity provided by the GENIUS Act could deliver notable advantages for XRP. He openly stated that the new legislation will have positive implications for XRP’s role in digital assets and payments.
SMQKE referenced supporting research that examines Ripple’s RLUSD, a USD-backed stablecoin built on the XRP Ledger. RLUSD transactions incur a small fee denominated in XRP, which is permanently burned. The research asserts that consistent burning of XRP during transactions could drive upward price momentum by reducing the token’s overall supply.
As RLUSD adoption expands in cross-border payments and remittances, XRP could become a crucial bridge currency for providing liquidity, according to research highlighted by SMQKE.
The supporting documentation also implies that a well-defined, regulated framework provided by the GENIUS Act strengthens the credibility of RLUSD among financial institutions, further increasing overall adoption.
Mini dictionary: The Office of the Comptroller of the Currency (OCC) is an independent bureau within the US Department of the Treasury responsible for chartering, regulating, and supervising all national banks and federal savings associations in the United States.
Institutional adoption and regulatory clarityThe research connects RLUSD’s growth potential to its compliance with strict reserve and audit requirements set by the GENIUS Act. Meeting these requirements could enhance RLUSD’s reputation among banks and payment providers, laying the groundwork for further adoption. Increased adoption would lead to more RLUSD transactions, increasing the frequency of associated XRP burns.
Though XRP is not a stablecoin, the GENIUS Act’s guidance regarding digital asset classification may also influence XRP’s regulatory status. The research points out that the Act could help XRP gain recognition as a utility token rather than a security, an issue that has played a central role in Ripple’s lengthy legal dispute with the US Securities and Exchange Commission (SEC).
By offering regulatory clarity for stablecoin issuers, the GENIUS Act may also lower entry barriers for financial institutions considering stablecoin solutions. This environment could support joint adoption of both RLUSD and XRP in digital payment networks.
TokenTypeBurn MechanismRegulatory ImpactXRPUtility tokenFee burned per transactionPotential reclassification as utilityRLUSDStablecoin (USD-backed)Generates XRP burnsStronger institutional trust post-GENIUS ActSMQKE’s analysis drew notable attention within the XRP community. By labeling his work “Documented,” the researcher indicated a high degree of confidence in the supporting evidence. Community members emphasized the analysis as a foundation for renewed optimism about XRP’s future use cases.
The GENIUS Act gives Ripple and RLUSD a clear regulatory foundation, which could extend positive effects to XRP as well.
Ripple, the US-based technology company behind XRP, finds itself with improved regulatory clarity for its stablecoin product as a result of the OCC’s latest move. SMQKE argued that this environment creates a ripple effect, potentially benefiting broader digital asset adoption and XRP’s practical function in financial markets.
Ripple CEO Brad Garlinghouse has made an emotional social media post to announce the death of his father, B. Kent Garlinghouse Sr.
One of the leading crypto figures has paid an emotional tribute to the profound influence his father had on his life.
"Death is abstract - until it is incredibly real," Garlinghouse wrote in a heartfelt social media post on X.
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"He was the wisest, most thoughtful, most generous person I've ever known," he added.
Garlinghouse went on to explain how his father played various important roles in his life.
Earlier this week I lost someone close to me. Death is abstract - until it is incredibly real. He was the wisest, most thoughtful, and most generous person I have known. I was incredibly fortunate to call him: - a friend - a mentor - a role model - an inspiration But most of all, I was fortunate to call him Dad. B. Kent Garlinghouse, Sr 1941 - 2026
— Brad Garlinghouse (@bgarlinghouse) October 23, 2026 B. Kent Garlinghouse Sr. (1941-2026) was a well-known Kansas businessman, philanthropist, and supporter of education with a long career in manufacturing, banking, and the nonprofit sector.
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Born in New York City, B. Kent Garlinghouse Sr. spent his childhood in St. Louis. He received his degree from Wesleyan University in Connecticut before going on to earn a Master of Business Administration (MBA) degree from Harvard Business School.
He served as chairman of M-C Industries, Inc. (Polo Custom Products). This was a manufacturing company based in Topeka with locations in Iowa and Mississippi, and a presence in Asia.
In June 2024, Topeka Collegiate School recognized Kent, Susan, and the Garlinghouse family for funding a new educational space - the Center for Curiosity, Awe, and Wonder.
The center was part of a $7.3 million fundraising effort to expand the school's facilities.
Crypto community expresses condolences Following Brad Garlinghouse's post, several big names in the crypto space shared their condolences.
President and chief operating officer of Coinbase, Emilie Choi, expressed her sympathy for the Ripple boss.
"Beautiful tribute. So sorry to hear about your loss," Choi tweeted.
Crypto pioneer Charles Hoskinson, Cardano's founder, also sent his sympathies. "Sorry to hear Brad. May he RIP," Hoskinson tweeted.
Influencer Susan Anderson has issued a direct warning to potential XRP buyers, urging caution amid a surge in bold price predictions circulating on social media. Anderson, an active member of the XRP community, expressed her skepticism about claims of outsized returns and advised investors not to expect rapid gains in the near future.
Anderson questions viral XRP price targetsIn her recent post, Anderson criticized what she called a persistent wave of “hype stories” promoted across the internet, particularly by self-described influencers. Drawing from her own long-term experience holding and accumulating XRP, she described the exuberant projections as “the same type of BS they’ve been saying for years.”
Anderson stated that buyers should not count on a 5x, 10x, or 100x return any time soon, warning, “You’ll end up waiting for years and years, listening to the same hype until you go numb to it.” She emphasized her intention to offer “a drop of honesty in a sea of BS hype.”
Before you buy XRP, just know: all the hype stories you see and hear on the internet and social media from so-called influencers—it’s the same type of talk they’ve been spreading for years. If you’re hoping for quick multiples like 5x or 10x, that’s not happening soon. People end up waiting for years, growing numb to the same promises.
Price projections diverge from market realityThe community’s appetite for viral XRP forecasts remains robust despite consistent disappointments. Jake Claver, a prominent figure in the XRP world, set a $750 price target for XRP in 2025, but the token peaked at $3.65 in that period, falling well short of this goal.
Claver has since repeated his $750 target for 2026, even as XRP currently trades at $1.32. Other community voices have floated predictions of XRP hitting prices in the thousands, perpetuating speculative discussion across social channels even as these outcomes have yet to materialize.
Technical market monitoring has become more critical for traders navigating this climate. In a market where a single Federal Reserve decision or a surprising altcoin listing can move prices within seconds, many investors have shifted toward privacy-first platforms such as CryptoAppsy to consolidate their tools. These solutions offer real-time charts, price alerts, coin-specific news, and macroeconomic data in a single dashboard—no account creation required—helping investors avoid constantly switching apps and, potentially, missing opportunities.
Community split over hype and skepticismAnderson’s remarks sparked a broad range of reactions. Some community members agreed, stating they had become numb to what they described as chronic exaggeration and paid promotion. One supporter likened the environment to a flood of “paid grifters,” while another reflected on losing interest entirely.
Others argued against Anderson’s perspective. Some pointed out that buying XRP at $0.30 and seeing it reach above $3.60 was a substantial return, challenging Anderson’s claim that hype outweighs reality in all cases. Another suggested that Anderson was expressing frustration over missing out on previous gains.
A portion of the community questioned Anderson’s credibility, asserting that her opinion is as unverifiable as the claims of influencers. Some requested evidence for her long-term view and what distinguishes it from the projections she criticizes.
While many, like Anderson, dismiss sky-high XRP price targets as unfounded, others argue that past rallies—such as the jump from $0.30 to over $3.60—offer proof that significant returns are possible, even if rarely predicted correctly.
Ongoing skepticism from analystsSimilar skepticism has been voiced by other analysts in 2026. Crypto commentator Dominus issued a statement in March contending that forecasts of XRP reaching $50 or $500 this year are not supported by underlying market dynamics.
KepMatrix, in an assessment published in October, maintained that talk of $100 or $1,000 XRP is unfounded without evidence for the asset first achieving double digits. This recurring cycle of extravagant predictions, met with skepticism from experienced commentators, has become a defining pattern in the 2026 XRP conversation.
Anderson’s frank message has emerged as the latest cautionary voice pushing back against unrealistic expectations within the community.
Ripple Labs has formally endorsed the US Securities and Exchange Commission’s proposed Regulation Crypto Assets, calling for its swift adoption as a binding rule. The company submitted its comment letter on October 20, 2026, coinciding with the final day for public input on the agency’s releases 33-11434 and 34-106150 (File No. S7-2026-27).
Ripple’s position on crypto regulationChief Legal Officer Stuart Alderoty, General Counsel Sameer Dhond, and Deputy General Counsel Deborah McCrimmon signed Ripple’s letter. The document states that Ripple “fully supports the Commission’s efforts to provide a regulatory framework for crypto assets, and urges the Commission to adopt the Proposal in a final rule.”
Ripple emphasized that a regulatory framework rooted in existing US securities law could offer much-needed clarity to the crypto industry, reducing the need for piecemeal enforcement actions and fostering domestic innovation.
Ripple, a blockchain technology company known for its digital payment protocol and the digital asset XRP, pointed out that the SEC’s proposal builds on a joint interpretation of existing securities laws by both the SEC and the Commodity Futures Trading Commission (CFTC). This interpretation relies on the Howey investment-contract test as a legal basis for crypto asset oversight.
The firm argued that the presence of an investment contract does not automatically render the underlying token a security. Instead, Ripple contended, the legal status should hinge on the issuer’s promises and representations throughout the contract’s life—rather than applying a permanent securities designation to the token or using a decentralization test as the sole criterion.
Ripple also incorporated its previous correspondence with the SEC’s Crypto Task Force in 2025 and 2026, providing additional context for its views.
Industry impact and legal contextStuart Alderoty has previously commented that the company spent over $150 million on legal efforts to resolve its longstanding dispute with the SEC over XRP’s regulatory status.
According to Ripple, the proposed regulation could replace the uncertainty of case-by-case enforcement with clearer, predictable rules. The company maintains that this approach would encourage capital formation in the US and reduce the likelihood of crypto innovators seeking opportunities overseas.
While expressing general support, Ripple advocated for targeted improvements. One specific request involved clarifying that Form TR filings should not be treated as an admission of previous securities status or legal violations.
The official comment window for the SEC’s proposal closed on October 20. However, the Commission confirmed that it will continue to accept public feedback as it considers whether to finalize the framework. Ripple’s endorsement arrives as a significant statement from a leading US blockchain firm as policymakers deliberate over the future of crypto regulation.
Mini dictionary: Howey test – A legal test established by the US Supreme Court to determine whether certain transactions qualify as investment contracts and therefore fall under the definition of a security, based on whether there is an investment of money in a common enterprise with an expectation of profits from the efforts of others.
AspectCase-by-case enforcementProposed SEC FrameworkClarityUnpredictableClearer regulatory pathImpact on innovationEncourages offshore movesSupports domestic capital formationLegal foundationAd hoc litigationGrounded in existing lawWith the SEC’s comment period concluded, industry attention now shifts to how the agency will address feedback from market participants. Ripple’s recommendations and support may influence the final form of US crypto regulations as authorities evaluate the balance between investor protection and industry growth.
The company’s public stance underscores the high stakes for both market participants and regulators as new federal rules for digital assets move closer to completion.
David Schwartz, Ripple's CTO emeritus and one of the original architects of the XRP Ledger (XRPL), has argued that the network's growing adoption could eventually translate into stronger demand and higher prices for its native cryptocurrency, XRP.
In a recent discussion on X, the prominent blockchain developer expressed skepticism about the possibility of the XRP Ledger becoming a major financial infrastructure platform without its native token benefiting from that success.
"I think a world where XRPL is highly successful in financial applications but XRP does not have high demand and value is very unlikely," Schwartz wrote.
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According to Schwartz, XRP possesses several unique advantages within the network that could help drive its long-term demand.
For starters, XRP is the only native, counterparty-free asset on the XRP Ledger, meaning that it does not depend on any third-party issuer.
Moreover, XRP is required to pay transaction fees and maintain account reserves on the network.
"All of those things can help drive value and demand," Schwartz explained.
His comments address a persistent debate within the XRP community about whether the growing adoption of the XRP Ledger necessarily translates into increased demand for XRP itself.
XRP could thrive even if Bitcoin dominatesSchwartz also outlined a hypothetical scenario in which Bitcoin becomes the dominant settlement asset, arguing that XRP could still benefit from the XRP Ledger's success.
"About the only way that could happen would be if we wound up in a world with one totally dominant settlement asset. That seems unlikely to me," he wrote, referring to a scenario in which XRPL succeeds without generating substantial demand for XRP.
He went on to explain that even widespread Bitcoin adoption would not necessarily eliminate XRP's role in facilitating transactions.
"For example, even if you imagine a world where nearly all settlement is done using bitcoin, if XRPL is successful, you will still probably have several versions of wrapped/bridged bitcoin on XRPL and XRP will capture value bridging them."
David Schwartz, Ripple’s CTO emeritus and a founding architect of the XRP Ledger (XRPL), stated that wider adoption of the network could directly increase demand for its native digital asset, XRP.
Potential for XRP as XRPL adoption growsSchwartz, who has long been a central figure in both Ripple and XRPL’s development, discussed the potential relationship between the ledger’s success in financial applications and the value of XRP during a recent exchange on X.
He expressed doubt about the possibility of the XRP Ledger becoming widely adopted as a major financial infrastructure platform without XRP seeing a corresponding rise in demand or value.
I think a world where XRPL is highly successful in financial applications but XRP does not have high demand and value is very unlikely.
Schwartz outlined several distinctive features that set XRP apart within the network. He highlighted the fact that XRP is both native and counterparty-free on the XRP Ledger, unlike many other assets that depend on outside issuers.
He further noted that XRP is essential for paying transaction fees and maintaining account reserves on XRPL, factors he said naturally drive its demand.
All of those things can help drive value and demand.
These comments were aimed at addressing an ongoing debate within the XRP community about whether increased network adoption is enough to guarantee more demand for XRP itself.
XRP’s role in a multi-asset digital futureSchwartz added that even if Bitcoin were to emerge as the dominant digital settlement asset, the success of the XRPL would likely contribute to XRP’s utility.
He argued that in such a scenario, the need to move assets efficiently across the XRPL would probably result in various forms of wrapped or bridged Bitcoin on the ledger. XRP would then take on a key role in facilitating the movement and exchange of these assets on the network.
Wrapped or bridged cryptocurrencies allow users to transfer assets between different blockchain networks, thereby increasing liquidity and utility for the tokens involved.
Mini dictionary: Wrapped/bridged cryptocurrencies — Digital tokens that represent assets from another blockchain network, enabling their use and movement on different blockchains. For example, wrapped Bitcoin (wBTC) is a tokenized version of Bitcoin designed for use on the Ethereum or other networks, helping to connect liquidity and utility across ecosystems.
Schwartz maintained that it is difficult to envision a future where XRPL achieves significant financial adoption without generating substantial demand for XRP itself. He suggested that the unique design choices embedded in the network reinforce XRP’s central role, regardless of the digital asset landscape.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In BriefShiba Inu (SHIB): trades near $0.00000508 under bearish pressure, with resistance at $0.00000530–$0.00000550 and support at $0.00000500.Dogecoin (DOGE): trades around $0.07958 in an extended downtrend, with resistance at $0.0850–$0.0880 and support near $0.0780.XRP: trades around $1.3045 below its descending long-term moving average near $1.38, with support at $1.30 and resistance at $1.35.Binance Coin (BNB): trades near $743.70 above its longer-term trend indicators, with support at $710–$720 and resistance at $750–$760.Shiba Inu (SHIB) Bearish Pressure Caps RecoveryShiba Inu (SHIB) continues to face bearish pressure on the daily chart, with the token trading near $0.00000508 after failing to preserve its recent recovery. The broader market structure remains vulnerable, characterized by lower highs and persistent resistance from important moving averages.
SHIB/USDT Chart by TradingViewThe immediate resistance zone lies between $0.00000530 and $0.00000550, where several short-term moving averages converge. A sustained breakout above this area could encourage buyers to challenge $0.00000580, followed by the psychologically crucial $0.00000600 level. However, the descending long-term moving average continues to reinforce the wider bearish outlook.
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On the downside, $0.00000500 represents immediate psychological support. Losing this level could expose SHIB to further declines toward $0.00000470 and $0.00000450.
The Relative Strength Index (RSI) remains below the neutral 50 level, suggesting that bearish momentum still dominates despite signs of stabilization. Trading volume has also moderated following earlier volatility, indicating limited buying conviction. Unless SHIB reclaims its nearby moving averages with stronger volume, the token could remain vulnerable to renewed selling pressure. A decisive move above $0.00000550 might offer an initial indication that short-term sentiment is improving.
Dogecoin (DOGE) Extended Downtrend PersistsDogecoin (DOGE) remains under significant selling pressure, trading around $0.07958 on the daily chart as bearish momentum continues to dominate. The cryptocurrency has experienced an extended downtrend throughout 2025, with repeated recovery attempts failing to establish sustained upward momentum. Its recent rejection near $0.1000 reinforced the prevailing bearish structure, pushing DOGE below several crucial moving averages.
DOGE/USDT Chart by TradingViewThe immediate resistance zone stands between $0.0850 and $0.0880, where short- and medium-term moving averages are clustered. A decisive breakout above this area could open the door toward $0.0920, where the descending long-term moving average presents another significant obstacle.
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Beyond that, the psychological $0.1000 level remains a critical target for any meaningful bullish recovery. On the downside, immediate support is located around $0.0780, followed by $0.0750. A sustained breakdown below these levels could accelerate selling pressure toward $0.0700, an area that previously attracted buying interest during the summer consolidation phase.
The Relative Strength Index (RSI) is hovering near the lower part of its neutral range, reflecting weak buying momentum without indicating deeply oversold conditions. Meanwhile, declining trading volume following recent volatility suggests that market participants remain cautious about opening aggressive long positions.
XRP Sellers Stay in Control Below $1.38XRP continues to face bearish pressure on the daily chart, trading around $1.3045 as sellers maintain control following the cryptocurrency's recent rejection from higher resistance levels. Despite a strong recovery from its August lows near $1.00, XRP has struggled to sustain bullish momentum, with its current decline pushing prices below several crucial moving averages.
XRP/USDT Chart by TradingViewThe broader technical structure remains uncertain, especially as XRP trades under its descending long-term moving average near $1.38. This level represents a significant barrier for buyers trying to reverse the prevailing downtrend. Meanwhile, the recent rejection from the $1.50–$1.60 area highlights persistent selling pressure whenever the cryptocurrency approaches higher price levels.
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Immediate resistance is located around $1.35, followed by the $1.38–$1.40 region, where multiple moving averages converge. A sustained breakout above this area could strengthen buying momentum and potentially open the door toward $1.45 and $1.50. However, XRP would need stronger trading volume and consistent daily closes above these levels to confirm a meaningful bullish reversal.
On the downside, $1.30 represents immediate psychological support. A decisive breakdown below this level could expose XRP to further losses toward $1.25, followed by the important $1.20 support area. If selling pressure intensifies, the wider $1.10–$1.15 region could emerge as the next downside target.
Recent price action shows that buyers are trying to stabilize the market, but recovery attempts remain limited. Trading volume has also declined compared with earlier breakout sessions, indicating reduced participation. Unless XRP successfully reclaims the $1.38–$1.40 resistance area, the short-term outlook remains cautious, with consolidation or additional downside pressure likely.
Binance Coin (BNB) Holding Above Key Trend IndicatorsBinance Coin (BNB) is showing signs of stabilization on the daily chart, trading near $743.70 following a corrective decline from its recent highs around $800. Unlike several major cryptocurrencies struggling below their long-term moving averages, BNB continues to trade above its key longer-term trend indicators, suggesting that its broader recovery structure remains relatively constructive.
BNB/USDT Chart by TradingViewThe cryptocurrency experienced a strong bullish reversal starting in August, climbing from approximately $580 toward the $800 area by late September and early October. However, profit-taking near this resistance level triggered a pullback toward $720, where buyers have recently tried to regain control.
Immediate resistance is located between $750 and $760, an area that has repeatedly influenced recent price movements. A sustained breakout above this region could encourage renewed buying interest, potentially pushing BNB toward $780 and the psychologically significant $800 level.
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A successful move beyond $800 would strengthen the bullish outlook and signal a probable continuation of the wider upward trend. On the downside, initial support is placed around $730, followed by the $710–$720 area. This region represents an important short-term demand zone where buyers previously stepped in.
The Relative Strength Index (RSI) is hovering around the neutral 50 level, suggesting that bullish and bearish forces are relatively balanced. This indicates that BNB is neither significantly overbought nor oversold, leaving room for a directional move.
Meanwhile, the recent consolidation around $740 shows that sellers may be losing momentum after the latest correction. Nevertheless, buyers still need to demonstrate stronger conviction through rising trading volume. As long as BNB maintains support above $710–$720, its broader recovery structure remains intact. A decisive breakout above $760 could offer the next significant bullish confirmation, while failure to defend nearby support may lead to deeper consolidation.
Amid the ongoing price struggles, XRP is forming an inverse head and shoulders pattern that shows the key resistance zone it must break to rally above $2.
XRP may be forming a bullish reversal pattern that could support a rally above $2, but the cryptocurrency must first break through an important resistance zone.
XRP Continues to Struggle XRP has faced selling pressure since the beginning of October 2026, as shown on its weekly chart. The cryptocurrency gained just 0.26% in the week ending Oct. 4 before recording losses over the next two consecutive weeks. These declines wiped out nearly 15% of its value during the period.
XRP has started to recover this week, gaining 1.49% so far. However, the rebound has done little to offset its recent losses, as the asset remains down more than 11% in October. While the price has begun to recover, the broader monthly trend remains negative.
Despite these struggles, chart data suggests XRP may be close to the completion of an inverse head and shoulders pattern that could lead to higher prices.
XRP Forms Inverse Head and Shoulders Pattern For context, an inverse head and shoulders is a bullish chart pattern that typically forms after a downtrend. Traders watch for this formation because it can indicate a possible change from falling prices to an upward trend.
The pattern has three lows, with the middle low, known as the head, extending below the two outer lows, which form the shoulders. A neckline connects the price highs between these lows, and the asset must break above this line to confirm the bullish reversal.
For XRP, the neckline falls within a multi-month resistance zone. Breaching above this area could confirm the pattern and create an opportunity for the cryptocurrency to rise above $2.
XRP Forms the Left Shoulder, Head, and Right Shoulder XRP began forming the pattern when its price fell to $1.2795 in the week ending April 5, 2026. This decline marked the left shoulder. The cryptocurrency later dropped further, reaching a low of $0.9874 in mid-August 2026 and forming the head of the pattern.
XRP inverse head and shoulders neckline aligns with mujltimonth resistance zone After recovering from the August low, XRP appears to have formed the right shoulder during the latest market-wide pullback. The decline took the price to $1.2550 before buyers stepped in and pushed it higher again.
At the time of writing, XRP trades above $1.32 as the recovery continues. However, the cryptocurrency remains well below the neckline. It must break above this level before the inverse head and shoulders pattern can confirm a potential bullish reversal.
Multimonth Resistance Between $1.5093 and $1.6667 The neckline lies between $1.5093 and $1.6667, a resistance zone that has limited XRP’s recovery attempts since February 2026. The area became a major barrier after XRP fell below it during the market crash early in 2026, eventually reaching a low of $1.1188 in the week ending Feb. 8, 2026.
Since then, XRP has made several attempts to move above this zone, but sellers have repeatedly stopped its advances. The cryptocurrency encountered resistance at $1.6698 in February, $1.6061 in March 2026, $1.5102 in April 2026, and $1.5487 in May 2026.
Further attempts also failed at $1.6977 in August 2026 and $1.6569 in September 2026. Most recently, XRP faced resistance at $1.5599 in the week ending Oct. 4, 2026.
The resistance zone existed before the inverse head and shoulders pattern began to form. However, its alignment with the pattern’s neckline now makes the area even more important. XRP must overcome this barrier to break out of the developing pattern.
XRP Could Rise Above $2 After Breaking Resistance A move above the $1.5093 to $1.6667 zone would mark an important step for XRP. This breakout would allow the cryptocurrency to clear a resistance area that has restricted its price for months and also break above the neckline of the inverse head and shoulders pattern.
If buyers maintain their momentum after the breakout, XRP could extend its recovery toward higher levels. However, the strength of buying pressure will help determine whether the price can sustain an upward move.
Fibonacci retracement levels also show a possible path toward $2.0084. According to chart data, XRP faces no meaningful resistance between the identified resistance zone and the 0.618 Fibonacci retracement level at $2.0084.
The XRP token has moved closer to a breakout above $1.40 as Ripple convened figures from BlackRock and the International Monetary Fund (IMF) for its Swell 2026 conference in New York. This high-profile event, which started on October 27, combines Ripple’s traditional keynote sessions with Apex, a specialized blockchain program for developers.
Institutional momentum and market impactThe presence of major global financial representatives at Swell 2026 coincided with a surge in regulated investments into the XRP ecosystem. Notably, clients of leading asset manager Franklin Templeton purchased $3.55 million worth of XRP ETF shares, contributing to a breakthrough from months-long price consolidation.
Recent trading activity has seen XRP stabilize within the $1.32 to $1.33 range, approaching a significant psychological resistance level. Market observers are watching for a breakout, with the token’s momentum supported by growing practical applications of the XRP Ledger (XRPL).
Recent inflows from institutional investors such as Franklin Templeton have helped push XRP out of its previous consolidation range, renewing attention on the token’s potential for a near-term breakout.
Market participants are now focusing on whether the XRPL, Ripple’s decentralized blockchain infrastructure, is positioned to become the primary standard for facilitating institutional capital flows. The participation of Wall Street leaders at the conference is expected to influence broader investor sentiment.
Strategic goals for BlackRock and the IMFBlackRock and the IMF are not seeking exposure to the XRP token itself. Their focus is on the integration of liquidity management and artificial intelligence solutions being developed through Ripple’s platform. These innovations could potentially form the backbone for advanced settlement hubs serving global finance.
Ripple’s XRPL, which supports multiple assets since its launch in 2012, features an auto-bridging mechanism. Developers see this as a potential foundation for a new era of payments automated by AI agents, further enhancing the network’s appeal to institutional participants.
Mini dictionary: Apex, a developer-focused blockchain summit that operates alongside Ripple’s Swell event, facilitates technical collaboration and showcases innovations within the XRP Ledger ecosystem.
This year’s conference also highlights Ripple’s stablecoin, RLUSD, and its scaling prospects within the On-Demand Liquidity (ODL) system. Binance, a leading global cryptocurrency exchange, is attracting retail attention through a campaign to distribute 600,000 XRP among RLUSD holders until mid-November. Meanwhile, institutional investors are evaluating the long-term fundamentals of these assets.
EntityRecent ActionFocusFranklin TempletonBought $3.55 million XRP ETFInstitutional investmentBlackRockAttending Swell 2026Liquidity integration, AI paymentsIMFAttending Swell 2026Settlement hub innovationBinance600,000 XRP campaignRetail engagement in RLUSDRipple’s cross-border payment solutionsRipple is using the Swell conference to present its strategic partnership with Arf, a Swiss fintech firm specializing in cross-border financial infrastructure. This alliance aims to accelerate global settlements using RLUSD, with settlement times ranging from one to five days and prospects for extending credit lines in the future.
By hosting Swell 2026 in New York alongside key players like BlackRock and the IMF, Ripple intends to showcase the readiness of its technologies for real-world financial applications. The company positions these developments as crucial steps that could help XRP overcome its longstanding price resistance.
Ripple’s expansion into cross-border settlements and stablecoin scaling is drawing renewed interest from both retail and institutional investors, raising expectations for XRP’s performance in global markets.
XRP is under close observation as it approaches a convergence of important market events toward the end of October. With the Ripple Swell conference set for October 27-29, investors are also anticipating a Federal Reserve policy announcement around October 28 and a routine XRP escrow release scheduled for November 1. These developments have prompted analysts and market participants to look for guidance on XRP’s short-term and long-term price movement.
The Grok model’s price scenariosOn October 23, XRP traded at $1.30. Seeking structured insight on its likely trajectory through October 31, 2026, analysts consulted Grok—an artificial intelligence system developed by xAI, the technology firm established by Elon Musk. The aim was to evaluate how upcoming catalysts and technical factors could shape XRP’s outlook within this timeframe.
Grok outlined three core scenarios for XRP’s price by October 31, 2026. The base case forecast, considered the most probable, put XRP in a range between $1.30 and $1.40 at month end. This scenario assumes relatively stable trading activity, some constructive sentiment from the Swell conference, and the absence of significant disruptions in macroeconomic conditions.
In a more optimistic outcome, Grok projected XRP reaching between $1.42 and above $1.55. This bullish scenario is dependent on several factors aligning at once: notably, positive announcements from Swell, a more accommodating stance from the Federal Reserve, renewed attention and funds flowing into exchange-traded funds (ETFs), as well as a strong performance from Bitcoin.
On the other hand, the bearish outlook placed XRP in the $1.20 to $1.28 band. Such a scenario could materialize if the broader market moves into a risk-off posture, if Swell fails to deliver positive surprises, or if XRP experiences a technical breakdown below the $1.25 to $1.30 support zone.
Catalysts and technical factorsAmong identified catalysts, Grok highlighted the Swell conference as the most influential event for near-term sentiment. The conference could push XRP toward the upper end of its trading range, especially if major institutions provide favorable commentary or new product announcements are made.
Moving to technical analysis, Grok pointed to a moving average cluster lying between $1.37 and $1.41 as presenting the first zone of significant resistance. The model suggested that above-average trading volume would likely be necessary for XRP to break through this area. In terms of support, analysts noted the next key level around $1.27, an area expected to play a critical role in determining the token’s next moves.
Short-term forecasting in cryptocurrency markets carries substantial uncertainty. Grok emphasized that the predictions provided should be interpreted as probabilistic ranges reflective of different risk scenarios, rather than definitive price targets.
Grok identified three key outcomes: a base case with XRP between $1.30 and $1.40, a bullish scenario exceeding $1.42, and a bearish outcome falling as low as $1.20, each corresponding to changes in sentiment, macro trends, and technical factors.
In a dynamic market where a single Fed policy update or a sudden altcoin listing can trigger swift price swings, monitoring charts, news, and portfolios across multiple applications can be costly for investors. Many traders are now adopting privacy-focused solutions like CryptoAppsy, which provides real-time charts, customizable price alerts, coin-specific news, and macroeconomic data, all within a single interface—without even requiring an account registration.
XRP’s next moves will be shaped by how the upcoming events interact with technical resistance and support levels, keeping both retail and institutional investors attentive in the days ahead.
XRP has alternated between 12- and 14-month up and down cycles since 2020, placing July 2027 in focus if the historical timing continues.
XRP’s monthly price structure has followed a notably regular rhythm since 2020, alternating between broader upward and downward phases that have generally lasted between 12 and 14 months.
The latest rotation places XRP in roughly the third month of a new upward cycle. If the timing pattern continues, the present phase could remain active into mid-2027, with around July 2027 emerging as the next potential window for a broader directional change.
XRP is currently trading near $1.30, with CoinMarketCap showing a 24-hour range of approximately $1.29 to $1.35.
XRP’s First Cycle Ran From the 2020 Base Into 2021
The first major phase visible on the monthly structure spans 13 candles, or roughly 396 days. It captures XRP’s recovery from its depressed 2020 range into the much stronger market seen during the first half of 2021.
XRP Monthly Cycle Triangle Chart
The change in price was substantial. XRP traded at about $0.219 on May 1, 2020, according to historical CoinMarketCap data. By May 1, 2021, it was worth roughly $1.65.
That upward phase was followed by the longest measured downswing in the sequence: 14 monthly bars covering approximately 426 days.
Rather than declining in a straight line, XRP produced rebounds and temporary recoveries during this period. However, the wider structure remained downward. By June 16, 2022, XRP had fallen to approximately $0.312.
The 2022–2024 Cycles Became More Compressed
The next upward phase lasted approximately 13 months, or 395 days.
XRP recovered from the 2022 lows and was trading around $0.713 by July 15, 2023, compared with the roughly $0.31 level recorded during the prior year’s decline.
The following phase lasted another 12 months, or about 366 days, but the decline was much less dramatic than the 2021–2022 downturn. XRP spent much of this period moving within a broad range instead of collapsing continuously.
By Aug. 1, 2024, XRP was trading near $0.5965.
This is an important feature of the cycle model: the timing has been more consistent than the size of the price moves. A 12-month bullish or bearish phase does not imply that XRP will gain or lose the same percentage each time.
XRP’s 2024–2025 Up Cycle Produced the Biggest Recent Expansion
The next 12-month upward phase began from the 2024 consolidation area and developed into a much stronger advance.
XRP was still around $0.60 in early August 2024. By Nov. 30, it had reached approximately $1.94, and by July 17, 2025, CoinMarketCap recorded XRP at about $3.50.
That expansion was followed by another approximately 12-month downward phase. XRP progressively surrendered a large portion of the preceding advance, with its price falling to about $1.09 by July 18, 2026.
The sequence therefore became particularly regular from 2023 onward: roughly one year down, one year up, and then another year down.
XRP Is Now in Month Three of the Next Cycle
The current structure places the beginning of another upward phase around August 2026. That makes October approximately the third monthly candle in the developing cycle.
At around $1.30 today, XRP remains well below the highs reached during the previous upward phase.
Importantly, an upward cycle does not require every monthly candle to close higher. The historical structure includes red months inside broader advances.
What matters for the pattern is whether XRP can continue developing a larger sequence of improving highs and lows as the cycle progresses.
If the latest phase again lasts approximately 12 months, the timing would extend toward July or August 2027. July 2027 therefore represents a potential cycle-transition window rather than a price target or a confirmed reversal date.
The pattern would also need to be reassessed if XRP begins establishing a sustained bearish structure before then.
XRP Price Scenarios Into 2027
If XRP maintains the developing higher-high and higher-low structure, the first upside test would be the $1.70–$2.00 region.
A sustained monthly breakout above that area could reopen the path toward $2.50–$3.50, including the previous cycle-high zone.
A slower bullish scenario could keep XRP consolidating between roughly $1.20 and $1.70 for several months before another expansion later in the cycle.
The bullish cycle thesis would weaken if XRP loses $1.00 on a sustained monthly basis, as that would undermine the improving structure and raise the risk that the expected 12-month advance is failing earlier than previous cycles.
Each new monthly candle adds information, meaning the historical 12- to 14-month rhythm remains a framework to watch rather than a fixed timetable for future price action.
Ripple has partnered with Swiss-regulated financial institution Arf to bring RLUSD-powered settlement liquidity to the XRP Ledger, expanding the blockchain’s role in cross-border payments and institutional lending.
Arf processes almost $10 billion in annual global settlement volume, since its launch in November 2022.
The partnership aims to provide short-term working capital to licensed payment companies.
How Will Ripple And Arf Improve Cross-Border Payments?Cross-border payment companies often need substantial working capital to pre-fund transactions while waiting for payments to settle.
Traditional bank financing can take months to arrange and require significant collateral, limiting liquidity available across international markets.
Arf’s payment finance model addresses this challenge by providing short-duration settlement liquidity, typically repaid within one to five days.
Through the partnership announced on Oct.22, Arf will initially provide direct settlement liquidity using Ripple’s RLUSD stablecoin on XRPL and support more payment volume.
Jasmine Cooper, RippleX’s head of product, said XRPL’s fast settlement capabilities and RLUSD’s regulated dollar infrastructure make the network suitable for institutional liquidity financing.
XRPL Lending To Boost Institutional AdoptionArf plans to integrate XRPL’s proposed native lending infrastructure to expand settlement liquidity through Single Asset Vaults for pooling capital and a Lending Protocol for extending structured loans.
Arf will retain off chain underwriting and credit decisions while managing lending on XRPL.
The transition depends on approval and activation of the XLS-65 and XLS-66 amendments.
Arf has already developed an implementation and is providing feedback.
The partnership could boost institutional RLUSD adoption by enabling recurring loan disbursements and repayments for cross-border settlements.
Arf’s revolving liquidity model allows capital to be reused as transactions settle, potentially increasing RLUSD demand.
XRPL’s institutional expansion comes as network participation rises despite XRP’s price volatility.
Santiment Intelligence data shows non-empty wallets hit a record 8.24 million, with 4,772 new wallets added in one day, the fifth-largest spike since March.
With XRP (CRYPTO: XRP) near $1.32, a breakout above $1.40 could target $1.50, while a drop below $1.30 could weaken the bullish outlook.
Growing institutional activity could increase XRP transaction fees and reserve demand, though adoption does not guarantee price gains.
Image: Shutterstock
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Payment activity on the XRP Ledger has surged, with recent statistics from XRPScan showing payment volume reached 770.6 million XRP in the latest 24-hour period. This marks a 119.6% increase compared to the previous day. The figure is significantly above the 30-day average of 601.9 million XRP, indicating a sudden return of network activity after a period of stagnation. Despite this notable spike, the all-time high for daily payment volume remains much higher at 7 billion XRP, suggesting that current levels, while robust, are still far from record territory.
Network activity rebounds after slow periodA review of the past year reveals that XRP payment volumes have been highly volatile, with notable peaks approaching 2.6 billion XRP both in November and February. Outside of these bursts, daily volumes typically fluctuate between 300 million and 700 million XRP. On quieter days, network activity can even drop close to zero. The latest jump follows directly after one such period of low network engagement.
It is worth noting that much of this 119.6% increase comes off a very low baseline, limiting its immediate impact as a long-term trend signal. Nevertheless, analysts point out that any uptick in genuine payment activity is a positive sign for the health of the network, as it reflects increased settlement and usage by participants. This stands in contrast to exchange trading volumes, which can be influenced by speculative activity.
Payment volume shows how much XRP is actually moving between accounts, so it is a cleaner signal than exchange trading alone. When this figure rises, more people are sending, settling, and using the network.
After several weeks of diminished activity, this resurgence in payments marks a potential turning point for user engagement, provided it can be sustained over the coming days.
Mini dictionary: XRP Ledger – a decentralized, public blockchain designed for payments, allowing users to send value quickly and at low cost. The ledger validates and tracks transactions using the XRP token as its native asset.
Price remains below major resistanceDespite the uptick in network usage, XRP’s market price has not shown a corresponding rally. The digital asset is now trading close to $1.31, remaining below key technical levels. The 200-day moving average sits near $1.37, while the 100-day average is close to $1.34, both now acting as resistance zones. Earlier attempts to push above these areas were met with selling pressure, and the price has retreated toward a range of $1.27 to $1.30.
Technical momentum remains weak, with the Relative Strength Index (RSI) hovering around 40. While not yet in oversold territory, this reading points to limited buying enthusiasm.
IndicatorCurrent ValueSupport/ResistanceCurrent Price$1.31—200-day Moving Average$1.37Resistance100-day Moving Average$1.34ResistanceNearest Support$1.25SupportNext Key Support$1.15SupportRSI40Neutral/WeakShould the price break below $1.25, analysts point to $1.15—where the August rally previously began—as the next important support zone. On the contrary, a daily close above $1.37 would open the door for further gains, with upside targets at $1.45 and $1.55.
Traders wait for confirmationTrading volume for XRP on exchanges has declined, signaling a cautious stance among market participants. Many investors appear to be waiting for confirmation that the surge in payment activity is translating to sustainable buying interest and higher prices.
A real recovery needs both better network use and stronger buying on the exchanges. So far, only the first part has appeared.
Market observers highlight that such divergence between technical adoption and price action is not uncommon, especially when the financial market is searching for direction. If payment volumes remain steadily above the 30-day average of 601.9 million XRP in the coming days, the chances of a price breakout above $1.37 could increase. However, if this latest spike proves short-lived, XRP is expected to remain within its current trading range.
