Tag: XRP Ledger

  • XRP Ledger Transaction Value Surges: Are Institutions Driving Network Activity?

    XRP Ledger Transaction Value Surges: Are Institutions Driving Network Activity?

    Market Structure Shifts as Trading Volume Grows

    The XRP Ledger is processing larger transactions through a shrinking number of accounts, a pattern that aligns with professional participation but also raises concerns about market concentration. Distinguishing genuine institutional adoption from automated activity requires more than a rising transaction count.

    Order Book Volume Climbs While Active Accounts Decline

    Evernorth’s second-quarter 2026 liquidity update reported an average daily order book volume of 3.57 million XRP, a 79% year-over-year increase. Meanwhile, the number of accounts executing those trades fell from 1,864 to 1,111. Average daily volume per trading account nearly tripled, rising from 1,072 XRP to 3,217 XRP. Order books also increased their share of on-chain trading from 54% to 81%.

    These figures describe a meaningful change in market structure: fewer participants are supporting considerably higher order book turnover.

    Stablecoin Liquidity Expands

    Evernorth also reported that RLUSD balances on the ledger averaged USD 539 million during the quarter, compared with USD 73 million a year earlier. Growing dollar liquidity can facilitate settlement and trading without requiring participants to hold equivalent exposure to XRP’s price.

    Separately, 21shares reported that the XRP Ledger settled USD 159.9 billion during the first half of 2026. By June 30, the network held 52% of RLUSD’s USD 1.56 billion supply. The two RLUSD measures are not directly comparable—one is a quarterly average, the other a point-in-time snapshot—but together they indicate an expanding stablecoin presence on the ledger.

    Automated Activity Clouds the Picture

    A September 8 analysis from Bitquery attributed 93.2% of August transaction traffic to 793 accounts and described substantial automated order activity. This finding concerns transaction traffic, not executed order book volume, but it shows why raw transaction counts can exaggerate the breadth of adoption.

    Institutions commonly automate trading, so automation alone does not invalidate economic activity. However, repeated orders or transfers cannot establish meaningful customer demand without examining execution, counterparties, and purpose.

    Network Usage vs. Token Returns

    Network usage and token returns are separate questions. According to 21shares, reported first-half revenue declined 81.6% year-over-year to USD 1.18 million despite substantial settlement value. Low fees can make a network attractive for payments while limiting revenue per transfer. Consequently, higher settlement totals should not automatically be interpreted as forecasts for XRP appreciation.

    A stronger institutional thesis would combine sustained liquidity, identifiable participants, repeat commercial settlement, and diversified activity. Researchers should also separate XRP transfers from stablecoin movements and tokenized asset transactions.

    Current evidence supports a narrower conclusion: the XRP Ledger is processing concentrated financial activity with growing stablecoin liquidity. Whether that becomes broad institutional adoption depends on durable usage, transparent measurement, and demonstrable economic purpose.

    Why This Matters

    Growing transaction value and stablecoin liquidity could strengthen the XRP Ledger’s role in institutional finance. However, concentrated activity means investors must distinguish genuine commercial adoption from automated trading before treating network growth as evidence of broader institutional demand.

    Final Thoughts

    The XRP Ledger is handling greater financial value with expanding stablecoin liquidity, but institutional adoption remains difficult to quantify. Sustained commercial settlement, broader participation, and identifiable institutional activity will provide stronger evidence of long-term adoption.

    Frequently Asked Questions

    Is institutional activity increasing on the XRP Ledger?

    XRPL data shows higher order book volumes, growing stablecoin liquidity, and substantial settlement value. However, available figures do not conclusively identify whether the activity comes from banks, funds, trading firms, or other participants.

    How much XRP trading volume did XRPL record in Q2 2026?

    Evernorth reported an average daily order book volume of 3.57 million XRP, representing a 79% year-over-year increase. At the same time, the number of accounts placing those trades declined from 1,864 to 1,111.

    How important is RLUSD to XRP Ledger activity?

    RLUSD is becoming an increasingly important source of dollar-denominated liquidity on XRPL. Evernorth reported average balances of USD 539 million during Q2, compared with USD 73 million during the corresponding period a year earlier.

    Does higher XRPL transaction value mean XRP’s price will rise?

    Not necessarily. Network settlement value and XRP investment returns are separate measures. Higher activity can demonstrate blockchain usage without automatically generating equivalent network revenue or demand for the XRP token.

    What should investors watch for evidence of XRPL institutional adoption?

    Investors should monitor identifiable institutional participants, sustained liquidity, commercial settlement, and diversified activity involving XRP, stablecoins, and tokenized assets. Broader participation would provide stronger evidence than transaction counts alone.

  • RLUSD Hits Record $2.44B Supply as Ripple Targets $13T Corporate Treasury Market

    RLUSD Hits Record $2.44B Supply as Ripple Targets $13T Corporate Treasury Market

    Ripple’s RLUSD stablecoin has reached a new all-time high in supply, climbing to nearly $2.44 billion as the company accelerates its push into corporate treasury services, payments, and capital markets.

    Speaking on the Thinking Crypto podcast, host Tony Edward said Ripple’s Stablecoin Chief Jack McDonald sees a customer base handling roughly $13 trillion in annual transactions. Edward linked that opportunity to the rising adoption of stablecoins in payments and institutional finance.

    The milestone comes as Ripple expands RLUSD across multiple blockchain networks and institutional products, with the U.S. Senate scheduled to vote on the CLARITY Act on Sept. 15.

    RLUSD Supply Jumps 41% in 30 Days

    Data aggregators recorded an RLUSD all-time high of $2.442 billion this week. DeFiLlama showed about $2.42 billion in circulation on Monday, Sept. 14.

    That figure stood near $2.41 billion a week earlier and $1.72 billion a month ago, meaning RLUSD supply rose by roughly 41% over 30 days. The stablecoin crossed the $2 billion mark on Aug. 25 after ending July near $1.58 billion. The key question now is whether Ripple can convert this rapid supply growth into sustained corporate treasury activity.

    Ethereum Takes the Lead in RLUSD Distribution

    The distribution of RLUSD across networks has shifted significantly. In July, the XRP Ledger held $907.2 million, or 58.9% of total supply, while Ethereum held about $632.2 million. By Sept. 14, trackers showed approximately $1.37 billion on Ethereum and $1.05 billion on the XRP Ledger.

    Ethereum added roughly $737 million since July, while the XRP Ledger gained about $146 million. Ethereum captured most of the approximately $840 million in new supply. The on-chain data does not identify which customers minted the tokens, so it only reflects where RLUSD currently sits across supported networks.

    Meanwhile, the XRP Ledger holds about $1.14 billion in total stablecoins and ranks 11th among networks, ahead of Aptos and Plasma. Robinhood Chain, which launched on July 1, holds about $1.04 billion and ranks three places lower.

    Ripple Expands RLUSD Across Institutional Markets

    Edward said McDonald views payments and capital markets as major drivers for stablecoin adoption. He also pointed to Ripple’s banking relationships, payment partners, and the acquisition of GTreasury as key strategic advantages.

    Edward connected RLUSD’s growth with broader XRP Ledger development, citing Clearpool Finance’s proposal to migrate to XRPL using new lending standards for institutional credit products. Ripple has also committed investment toward XRP and RLUSD yield products, according to Edward.

    Additionally, Ripple expanded RLUSD through Wormhole in June, adding access to Optimism, Base, Ink, Unichain, and the XRPL EVM Sidechain. RLUSD already operates on Ethereum and the XRP Ledger.

    CLARITY Act Vote Looms

    The U.S. crypto industry is facing a key regulatory test as the Senate plans to vote on the CLARITY Act on Sept. 15. Edward said negotiations continued before the vote, with ethics provisions emerging as a major issue. Patrick Whitt and Mike Novogratz also pointed to ongoing negotiations.

    Coinbase CEO Brian Armstrong recently described the legislation as being near the finish line. Edward said approval could improve market sentiment and support Bitcoin and altcoins.

    Final Thoughts

    RLUSD has reached a record supply of nearly $2.44 billion while Ripple deepens its role in institutional payments, treasury services, and capital markets. Ethereum now holds a larger share of RLUSD than the XRP Ledger, and Ripple continues to add networks and products as the CLARITY Act vote approaches.

  • XRP Ledger Liquidity Surges 79% as Institutional-Scale Trades Outpace Account Growth

    XRP Ledger Liquidity Surges 79% as Institutional-Scale Trades Outpace Account Growth

    XRP Ledger (XRPL) produced an unusual combination of market data during Q2 2026: fewer accounts were trading, yet substantially more XRP moved through its order book. The divergence highlights why raw wallet or active-account figures can provide an incomplete picture of blockchain adoption, particularly when larger and potentially more professional trades become more important.

    XRPL Order-Book Volume Increased 79%

    According to Evernorth’s Q2 2026 XRP Liquidity Report, XRP Ledger order-book trading averaged 3.57 million XRP per day, up 79% from approximately 1.99 million XRP a year earlier. Participation moved in the opposite direction. Daily accounts initiating order-book trades fell approximately 40%, from 1,864 to 1,111.

    That pushed average trading activity per participating account from 1,072 XRP per day to 3,217 XRP, roughly three times the year-earlier level. Order books also accounted for 81% of XRPL decentralized exchange activity, compared with 54% one year earlier.

    Bigger Accounts Do Not Automatically Mean Institutions

    The data is consistent with larger or more professional traders becoming more active, but it does not prove that institutions are responsible for the increase. One institution can operate multiple blockchain accounts, while one individual can control several addresses. Account numbers, therefore, cannot be directly translated into the number of traders.

    What the data does establish is greater concentration: fewer accounts are moving considerably more XRP. That matters for liquidity because larger traders typically care about whether significant orders can execute with limited slippage, not simply how many wallets are active.

    Tokenized Value Is Also Growing

    The broader XRPL data strengthens the case that economically larger activity is developing on the network. Tokenized assets averaged approximately USD 3.72 billion during Q2, more than 30 times their level a year earlier. Average Ripple USD balances reached USD 539 million, up from USD 73 million, while total value held on XRPL averaged approximately USD 4.26 billion.

    RLUSD’s share of its total supply held on XRP Ledger also increased from 20% to 34%, while transferred RLUSD value rose 925% year over year.

    Lending Could Put That Liquidity to Work

    The next development to watch is native credit infrastructure. XLS-65 and XLS-66 are designed to combine Single Asset Vaults with fixed-term, underwritten lending facilities. XRPL Commons described the model in September as moving XRPL from settlement toward a native institutional credit layer, potentially allowing tokenized assets and stablecoin liquidity to be deployed rather than simply held or traded.

    That makes liquidity quality increasingly important. A lending market needs sufficient depth to enter positions, price collateral and liquidate assets efficiently when borrowers default.

    Liquidity Matters More Than Transaction Counts

    A blockchain can have millions of users but still be unsuitable for institutional settlement if executing a USD 10 million transaction materially moves the market. Conversely, fewer participants can support significant financial activity when order books provide sufficient depth and reliable execution.

    Why This Matters

    XRPL’s falling trader count does not necessarily signal weaker adoption. Rising volume per account, growing tokenized assets and expanding RLUSD liquidity suggest that the economic size of activity may matter more than the number of participating wallets.

    Final Thoughts

    XRPL’s next growth phase will depend on whether larger trading volumes translate into deeper, more resilient liquidity. If vaults and lending expand, order-book depth, spreads and stablecoin liquidity will become increasingly important indicators of institutional readiness.

  • BIS Research Reveals XRP Ledger’s Potential for Institutional Data Verification Beyond Payments

    BIS Research Reveals XRP Ledger’s Potential for Institutional Data Verification Beyond Payments

    The XRP Ledger (XRPL) is widely known for payments and asset settlement, but new research from the Bank for International Settlements (BIS) demonstrates that the blockchain can also serve a fundamentally different purpose: verifying the origin and integrity of critical financial data.

    The BIS published Working Paper 1374 on September 2, outlining and testing a blockchain-based method for verifying official statistics. XRP Ledger was used to anchor the cryptographic evidence.

    Why Official Data Needs Verification

    Central banks, statistical agencies, and international institutions regularly publish datasets used for monetary policy, financial-stability analysis, and economic research. Those datasets often travel through websites, databases, artificial intelligence systems, and third-party platforms. The Statistical Data and Metadata Exchange (SDMX) framework does not independently allow users to confirm that a dataset came from the claimed institution or remained unchanged after publication. The BIS research explored whether blockchain technology could provide that missing verification layer.

    How XRP Ledger Was Used

    According to the BIS paper, researchers generated a cryptographic fingerprint for each published dataset and, where required, for individual time series. Those fingerprints were combined using a Merkle-based structure into a single summary value. That value was then recorded on XRP Ledger, creating a timestamped reference that could later be checked against the published data. The underlying economic information was not stored on-chain; only the cryptographic fingerprints were recorded, preserving confidentiality while reducing storage requirements. The prototype also used a signed digital credential identifying the publisher and cryptographically linking that identity to an XRPL address, enabling users to verify both who issued the dataset and whether its contents were changed.

    Testing Showed Near Real-Time Verification

    The BIS findings include useful performance data. In controlled testing, publication took around three to five seconds, while verification required roughly one to two seconds. Researchers also found that a single on-chain entry could cover thousands of datasets, making blockchain fees negligible once records were batched efficiently. The researchers said the architecture could extend beyond SDMX to other structured reporting formats, including XBRL. They also identified future possibilities involving zero-knowledge proofs and automated verification by AI agents.

    Why XRPL Fits the Use Case

    XRPL provides a public ledger where cryptographic evidence can be recorded and independently checked for integrity. That structure makes it suitable for timestamping and verifying whether previously recorded evidence has been altered. However, the BIS experiment remains a proof of concept. It does not mean central banks have adopted XRP or that official statistics are moving permanently onto XRPL.

    Beyond Payments

    The experiment suggests public blockchains could support data provenance, regulatory reporting, audit trails, and machine-readable financial information. This could become especially important as AI systems increasingly consume financial datasets, where verifying the source and integrity of information may matter as much as accessing it quickly.

    Why This Matters

    The BIS test broadens XRPL’s potential role beyond payments by showing it can help verify institutional data. However, a successful prototype does not automatically create meaningful XRP demand or guarantee production adoption.

    Final Thoughts

    The strongest takeaway is that XRPL may have value as trust infrastructure, not only as a settlement network. The next milestone is whether statistical agencies or financial institutions move from controlled testing to real-world deployment.

    Frequently Asked Questions

    1. What did the BIS test on XRP Ledger?

    The BIS tested a blockchain-based method for verifying official statistics. Cryptographic fingerprints of datasets were anchored on XRP Ledger so users could later confirm the data’s origin and integrity.

    2. Was the actual financial data stored on XRP Ledger?

    No. The underlying economic data remained off-chain, while only cryptographic fingerprints were recorded on XRPL. This reduced storage needs while preserving confidentiality and verifiability.

    3. How fast was the BIS verification process?

    According to the BIS testing, publication took roughly three to five seconds, while verification required around one to two seconds. A single on-chain entry could also cover thousands of datasets.

    4. Does the BIS test mean central banks are adopting XRP?

    No. The research was a proof of concept and does not mean central banks have adopted XRP or moved official statistics onto XRPL. It demonstrates a possible technical use case.

    5. How could XRP Ledger be used beyond payments?

    XRPL could potentially support data provenance, regulatory reporting, audit trails, and institutional verification. The BIS researchers also identified possible future applications involving zero-knowledge proofs and AI-based verification.

  • Crypto Market Update: Bitcoin ETFs Net $244M, Russia Passes Landmark Crypto Law, Pi Network Rises 10%

    Crypto Market Update: Bitcoin ETFs Net $244M, Russia Passes Landmark Crypto Law, Pi Network Rises 10%

    The cryptocurrency market experienced significant developments this week, with spot Bitcoin ETFs recording substantial inflows, Russia enacting its first comprehensive crypto law, and Pi Network posting double-digit gains. Here’s a breakdown of the top stories shaping the crypto landscape.

    Bitcoin ETFs See $244 Million in Net Inflows

    According to data from SoSoValue, spot Bitcoin ETFs attracted a total net inflow of $244.42 million on the latest trading day. BlackRock’s IBIT led the pack with $196.83 million in net inflows, followed by Ark Invest and 21Shares’ ARKB, which added $37.63 million. On the outflow side, VanEck’s HODL recorded $14.67 million in net outflows.

    The total net asset value of Bitcoin spot ETFs now stands at $79.21 billion, representing an ETF net asset ratio of 6.09%. Historical cumulative net inflows have reached $51.95 billion, underscoring sustained institutional interest in Bitcoin exposure through regulated vehicles.

    Russia Signs First Full Crypto Law

    Russian President Vladimir Putin signed the country’s first comprehensive crypto law on Tuesday, codifying rules for crypto exchanges, custodians, mining, and digital asset issuance. The nearly 300-page Law on Digital Currencies and Digital Rights will take effect on September 1.

    Key provisions include licensing requirements for crypto exchange operators, which must register with a self-regulatory organization and hold minimum capital of 15 million rubles (approximately $187,000). The law also introduces a new category of ‘non-qualified’ retail investors, allowing them to purchase up to 300,000 rubles ($3,800) of approved cryptocurrency per year through a single licensed intermediary and send up to 100,000 rubles abroad.

    Additionally, the Central Bank will oversee new digital depositories to record ownership, mirroring the tracking system used for traditional securities.

    Bhutan Appoints 3iQ to Manage Bitcoin Treasury

    Bhutan has appointed Canadian digital asset manager 3iQ Corp. to oversee a portion of its Bitcoin treasury allocated to Gelephu Mindfulness City (GMC). This marks one of the first publicly disclosed institutional asset management mandates tied to a sovereign Bitcoin reserve, signaling a shift from government-led accumulation to professionally managed digital asset portfolios.

    While the size of the Bitcoin allocation was not disclosed, 3iQ will have discretionary authority to manage part of GMC’s reserve under a long-term investment strategy. The agreement also commits 3iQ to establish a permanent presence in Bhutan and support local digital asset expertise.

    XRP Ledger Proposes On-Chain Cosigner Feature

    Developers Shawn Xie, Zhiyuan Wang, Chenna Keshava B S, and Mayukha Vadari introduced the On-Chain Cosigner proposal in the XRP Ledger standards repository. The initiative aims to modernize multi-signature transaction coordination directly within the network, eliminating reliance on external communication channels and centralized servers.

    Currently, XRPL supports multi-signature transactions but requires off-chain approval collection through manual processes. With On-Chain Cosigner, requests would be stored as native TransactionProposal objects on the blockchain, validating each signature in real time and enhancing security for institutional asset custody.

    Pi Network Price Jumps 10%

    Pi Network’s token gained more than 10% over the past week, trading near $0.0872 after hitting a daily high of $0.0902. The 24-hour trading volume surged 75% to approximately $11.5 million, indicating increased market participation.

    The price recovery is supported by the Protocol 26 upgrade and a new RoboPay integration, which boosted short-term demand. On the 4-hour chart, PI is pressing against the upper Bollinger Band at $0.08824, overlapping with the $0.088–$0.090 resistance zone that has capped several recovery attempts since late July.

    Frequently Asked Questions

    1. Why did Bitcoin ETFs record strong inflows?
    According to SoSoValue, spot Bitcoin ETFs attracted $244.42 million in net inflows, reflecting continued institutional interest. BlackRock’s IBIT accounted for the largest share of the day’s investments.

    2. What does Russia’s new crypto law change?
    The law establishes a legal framework for crypto exchanges, custodians, mining companies, and digital asset issuance. It also introduces licensing requirements and investment limits for retail investors.

    3. Why is Bhutan partnering with 3iQ?
    Bhutan appointed Canadian asset manager 3iQ to oversee part of its Bitcoin treasury linked to Gelephu Mindfulness City, marking one of the first sovereign-backed institutional Bitcoin management mandates.

    4. What is the XRP Ledger’s On-Chain Cosigner proposal?
    The proposal aims to bring multi-signature coordination directly onto the XRP Ledger. It would allow transaction approvals to be stored and verified on-chain, reducing reliance on external communication systems.

    5. Why did Pi Network’s price increase this week?
    Pi Network gained over 10% as trading volume jumped 75%, supported by the Protocol 26 upgrade, RoboPay integration, and increased buying interest near key technical resistance levels.

  • Ripple Backs ZILO and Licuido to Advance Tokenized Fund Infrastructure on XRP Ledger

    Ripple Backs ZILO and Licuido to Advance Tokenized Fund Infrastructure on XRP Ledger

    Ripple has made strategic investments in ZILO and Licuido, two UK-based firms, to accelerate its tokenized capital markets strategy. The deals aim to strengthen regulated fund issuance, settlement, trading, custody, and collateral mobility on the XRP Ledger (XRPL) and Ripple’s institutional infrastructure.

    Ripple Expands Regulated Fund Infrastructure

    ZILO specializes in transfer agency and fund administration systems for asset managers, wealth firms, and custodians. Its technology creates regulated digital ownership records for investors holding tokenized fund shares. The company recently announced raising $58.7 million in total equity funding. Ripple expects ZILO’s systems to support the creation and management of tokenized share classes on XRPL.

    Licuido operates an investment platform regulated by the UK Financial Conduct Authority (FCA). It facilitates the issuance, distribution, trading, and collateral use of traditional financial assets in digital form. Together, the two companies cover the full lifecycle of a tokenized fund, including investor recordkeeping, issuance, distribution, liquidity, settlement, and collateral movement.

    Nigel Khakoo, Ripple’s senior vice president for trading and markets, highlighted the importance of these investments: “ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility.” He added, “This is just the beginning of the journey, and we see a substantial opportunity to bring huge efficiencies to the investment sector over the next decade.”

    Tokenized Funds Move Toward XRPL

    Ripple plans to integrate both companies’ services with its broader institutional infrastructure. This integration would allow financial firms to issue assets, hold them in custody, transfer ownership, and use them as collateral seamlessly. The model aims to reduce idle collateral in traditional fund structures, where newly issued fund units often face delays before becoming available for trading or financing.

    Ripple wants tokenized funds to be usable immediately upon issuance, connecting fund administration records with trading, custody, payments, and collateral systems through XRPL. This follows Ripple’s partnership with Aviva Investors, which announced plans in February to develop tokenized fund structures on XRPL. The ledger provides built-in tools for asset issuance, trading, escrow, and regulated financial activity.

    Additionally, Ripple recently launched Ripple Mint, a platform for institutional asset issuance and management. It supports the creation, redemption, and administration of tokenized securities, stablecoins, fund units, bonds, and other assets.

    RLUSD Supports Onchain Settlement

    RLUSD, Ripple’s stablecoin, is expected to serve as the cash side of transactions involving tokenized assets. Ripple plans to use RLUSD for delivery-versus-payment settlement, where the asset and payment transfer simultaneously. This reduces settlement risk, which occurs when one side of a transaction completes before the other. RLUSD already supports liquidity and settlement services for several tokenized investment products.

    XRP Price Remains Under Pressure

    Despite these positive developments, XRP’s near-term price action remains weak. XRP traded near $1.06 after falling 1.05% over 24 hours. The token has broken below a late-July symmetrical triangle and trades under key moving averages. The 50-day exponential moving average near $1.09 now acts as immediate resistance. Key support sits between $1.05 and $1.06; a break below that could bring the psychological $1.00 level into play, while a move above $1.09 may ease selling pressure.

    The broader regulatory environment also remains uncertain. The US Senate faces limited time to advance the CLARITY Act before its August recess, while lawmakers continue debating market structure, ethics, stablecoin, and consumer protection rules.

  • Bitcoin Holds Near $62,738 Amid Coldcard Wallet Exploit and Stalled CLARITY Act

    Bitcoin Holds Near $62,738 Amid Coldcard Wallet Exploit and Stalled CLARITY Act

    Bitcoin traded near $62,738 on Monday, up 1.04% in the last 24 hours, as a Coldcard wallet exploit that drained tens of millions from cold storage addresses renewed custody fears. Analysts identified $63,700 as a key resistance level, while the stalled CLARITY Act kept sentiment guarded.

    Key highlights include:

    • Hyperliquid led major gainers with a 13.16% weekly rise, outpacing the broader altcoin market.
    • The CLARITY Act remains stalled ahead of the Senate recess, while Bitcoin ETFs posted mixed weekly flows.
    • Bitcoin’s market cap stands near $1.25 trillion, with 24-hour trading volume reaching $15.68 billion.

    Bitcoin Price Today

    Bitcoin traded at $62,738.34, up 1.04% over the past 24 hours, according to CoinMarketCap data. Price action remains tied to custody-security concerns and the stalled CLARITY Act.

    BTC Holds $63K Despite Coldcard Exploit Fears

    CoinSwitch Markets Desk reported that BTC stayed steady near $63,000 despite an estimated $88.6 million Coldcard wallet exploit. The incident renewed talk around self-custody security. Geopolitical tensions between the US and Iran kept traders cautious. Price briefly touched $63,500 before consolidating. Buyers defended the $63,000 zone through the session. A move beyond $63,500 could add fresh momentum, while $62,800 stays key support.

    July Closes With a Strong Gain, August Stays Seasonally Weak

    Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin ended July with a gain above 7.3%, reversing two straight months of losses. US spot Bitcoin ETFs returned to net inflows in July, reaching $172.4 million for the month. Selling pressure near month-end has left investors cautious. August has historically been Bitcoin’s weakest month on record. Whale wallets still accumulated over 40,100 BTC during this stretch. Bitcoin must reclaim $65,000 to strengthen broader sentiment.

    Lower Oil Prices Ease Inflation Worry, ETF Flows Stay Choppy

    Vikram Subburaj, CEO of Giottus, placed Bitcoin near $63,125, up 0.3%. Lower oil prices have eased some inflation concerns this week. Inconsistent ETF flows and thin spot activity cap the recovery. Bitcoin holds support near $62,900, with resistance near $64,000. Large-cap altcoins traded modestly higher. Ethereum, BNB, XRP, and Solana all posted small gains. Markets now watch the August 7 employment report closely.

    Tight Ranges Persist as Yields and a Firm Dollar Cap Risk Appetite

    Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin stays under pressure near $63,000. Ethereum continues to lag behind the broader market. High Treasury yields and a firm dollar cap risk appetite. Bitcoin remains below key moving averages on the four-hour chart. Resistance builds at $63,350 to $63,800. A close above $63,800 could open a path toward $64,300. A break below $63,000 may expose the $62,500 zone.

    ETF Outflows Persist, but XRP and Ethereum Funds Show Resilience

    Nischal Shetty, founder of WazirX, said crypto markets consolidated through the session. Bitcoin traded near $63,085 after a mild 0.66% dip. US spot Bitcoin ETFs saw $265.4 million in outflows on July 31. Ethereum ETFs still attracted $365 million during the month. XRP funds drew $27.29 million in July, extending a four-month streak. Cumulative XRP ETF inflows now stand near $1.5 billion. Bitcoin’s recovery range sits between $63,700 and $64,300.

    Crypto Prices Today: Top 10 Coins at a Glance

    Based on live CoinMarketCap data as of today’s session.

    Biggest Gainers: HYPE, ETH, DOGE

    Hyperliquid led the weekly board with a gain above 13%. Ethereum and Dogecoin also posted solid weekly gains above 4%. Institutional demand for large-cap altcoins picked up pace this week.

    Biggest Losers: Stablecoins and BNB Stay Flat

    Tether and USDC barely moved through the session. BNB and TRON posted only modest weekly gains. Risk appetite stays selective rather than broad across the altcoin market.

    Crypto News Today: Top Headlines Impacting Prices

    Security concerns and stalled legislation are steering sentiment across trading desks. Mixed ETF flow data and fresh network upgrades add further context.

    Coldcard Wallet Exploit Drains Tens of Millions

    A wave of unauthorized transfers tied to weak Coldcard-generated keys has drained tens of millions from cold storage wallets this month. Researchers estimate losses between $70 million and $88.6 million across affected addresses. The attacker is now targeting smaller balances and shifting how stolen funds move onchain. Security researchers say the exploit stems from a flawed key generation process. Self-custody security remains firmly in focus across trading communities.

    CLARITY Act Faces Recess Deadline Pressure

    The Digital Asset Market Clarity Act remains stalled on the Senate calendar this week. The chamber’s summer recess is set to begin around August 7, narrowing the bill’s window. Ethics language disputes continue to divide lawmakers on both sides of the aisle. Democrats are pushing for tougher provisions before granting their support. The bill’s 2026 passage now looks increasingly uncertain heading into fall.

    Bitcoin ETFs Post Weekly Outflows as Ether Funds Gain

    US spot Bitcoin ETFs recorded $61.53 million in net outflows for the week ending July 31. Bitcoin ETFs still closed July with $172.4 million in monthly inflows overall. Ethereum ETFs extended their winning streak to four straight weeks this month, adding $27.42 million in fresh weekly inflows. XRP ETFs also continued their steady four-month inflow streak in July.

    Fed Stance and ISM Data Keep Traders Watchful

    Markets are tracking Monday’s ISM survey data closely, with consensus pointing to a reading near 54.0 for July. The figure could shape near-term rate expectations meaningfully. The upcoming August 12 inflation print stands as the next major catalyst. Traders are positioning cautiously ahead of the Federal Reserve’s September rate decision.

    XRP Ledger Prepares Major Protocol Upgrade

    The xrpld 3.3.0 release is expected next week, carrying five proposed amendments to the XRP Ledger. Two features were previously withdrawn after researchers flagged critical bugs. Developers say the revised code has since been hardened against exploitation. The upgrade aims to strengthen network security and transaction reliability. XRP holders are watching the rollout closely for any price impact.

    Tether Reports Strong Quarterly Profit

    Tether posted a $1.5 billion operating profit for the second quarter, underscoring continued strength in the stablecoin sector. The result reflects steady demand for dollar-pegged digital assets. Total stablecoin trading volume continues to climb across major exchanges globally. Tether’s reserves reportedly remain well collateralized against outstanding tokens. The results reinforce stablecoins’ growing role in daily crypto settlement activity.

    Investor and Market Outlook

    Bitcoin holds near $62,738 as traders weigh a fresh custody security scare against a stalled CLARITY Act. A close above $63,700 could open a path toward stronger $64,300 resistance. A slip below $62,800 risks exposing deeper support closer to $62,500. Hyperliquid and Ethereum remain the most sensitive names to shifts in institutional risk appetite. Bitcoin’s next moves hinge on ETF flows and the Fed’s rate outlook. The Senate recess and Friday’s jobs report stand as this week’s defining catalysts.

    FAQs

    What is the Bitcoin price today?

    Bitcoin trades near $62,738.34, up 1.04% over the past 24 hours. It holds a narrow range after a choppy end to July, with support near $62,800. Resistance builds between $63,700 and $64,300 through coming sessions this week.

    Why did the Coldcard wallet exploit rattle the market?

    An estimated $70 million to $88.6 million was drained from cold storage wallets tied to weak Coldcard-generated keys. The incident renewed debate around self-custody security and added short-term caution across trading desks.

    What is the biggest crypto news today?

    The CLARITY Act’s stalled Senate progress ahead of the August recess and the Coldcard wallet exploit are shaping sentiment. Tether’s $1.5 billion quarterly profit adds a contrasting institutional strength signal, while the XRP Ledger prepares a major upgrade next week.

    Which coins are performing best today?

    Hyperliquid leads weekly gains with a rise above 13%, followed by Ethereum and Dogecoin with steady climbs above 4%. Stablecoins and BNB stayed largely flat through today’s session.

    What should investors watch this week?

    Track Monday’s ISM data, the Senate’s August recess deadline, and Friday’s US jobs report closely. Bitcoin ETF flow trends and the XRP Ledger upgrade could also shift near-term positioning across the broader crypto market.

  • XRP Surges Past $1.15 as Whale Buying, ETF Inflows, and Clarity Act Optimism Drive Rally

    XRP Surges Past $1.15 as Whale Buying, ETF Inflows, and Clarity Act Optimism Drive Rally

    XRP climbed more than 3% this week as large holders accumulated tokens, spot exchange-traded funds attracted fresh inflows, and regulatory optimism strengthened across the crypto market. The token reached an intraday high of $1.1511 before settling near $1.1485. Its market value remained close to $68 billion.

    The move followed reports that President Donald Trump accepted an ethics provision linked to Senate negotiations over the Clarity Act. Bitcoin also rose above $66,000, while stronger Asian technology stocks supported broader demand for risk assets.

    Whales Build Positions as Retail Wallets Exit

    Santiment data showed that wallets holding between 100,000 and 100 million XRP increased their combined balances by 2.8% during the past five weeks. These wallets accumulated while XRP traded between roughly $1.05 and $1.12. Meanwhile, wallets holding less than 0.01 XRP reduced their balances by 5.2% during the same period. The shift created a clear divide between large holders and the smallest retail accounts.

    Santiment said XRP has historically followed large-holder activity more closely than movements among small wallets. Still, accumulation alone does not guarantee further price gains. XRP later broke above the $1.13 resistance level that had limited several rallies since late June. The advance also triggered about $2.93 million in leveraged short liquidations.

    The token gained around 3.5% during the day. Among the 50 largest cryptocurrencies, only Ondo and Cardano posted stronger gains during the reported period.

    ETF Inflows, Ledger Upgrades Add Support

    XRP spot ETFs recorded $5.09 million in net inflows on July 21. They also attracted $2.27 million on July 20 and $6.10 million on July 16. Those inflows followed a brief period of withdrawals earlier in July. ETF demand remains one factor that could influence institutional participation and short-term market liquidity.

    Meanwhile, XRP Ledger validators expect to vote on a major upgrade package within the coming weeks. The proposed amendments would add batch transactions and confidential transfers. The package also includes improvements to the network’s Multi-Purpose Token standard. These changes would expand how developers issue and manage different token types on the ledger.

    Broader market conditions also supported XRP’s advance. Five-day Bitcoin ETF inflows exceeded $700 million, while gains in Asian artificial intelligence and semiconductor shares strengthened the risk-on environment.

    Clarity Act Talks Renew Regulatory Focus

    The Clarity Act carries direct implications for XRP because the legislation would classify the token as a digital commodity. This designation could reduce regulatory uncertainty surrounding institutional use.

    Senate Democrats have sought an ethics provision that would restrict the president and his family from directly benefiting from cryptocurrency businesses. The provision delayed negotiations for several months. Reports said the White House, Senator Cynthia Lummis, and Senator Bernie Moreno reached an agreement on the issue Sunday. The exact language has not yet emerged.

    Democratic support also remains uncertain. The Senate must act before its August recess, leaving lawmakers with a narrow period for further negotiations and a possible vote. Polymarket participants raised the estimated chance of Clarity Act passage to 43%. The figure had recently fallen as low as 32%.

    Conclusion

    XRP’s rise above $1.15 reflects whale accumulation, renewed spot ETF inflows, planned XRP Ledger upgrades, and improving Clarity Act prospects. Still, broader market conditions and Senate progress remain critical factors to watch.

  • XRP Holds Steady Near $1: XRPL Expansion and US Regulatory Progress Fuel Investor Optimism

    XRP Holds Steady Near $1: XRPL Expansion and US Regulatory Progress Fuel Investor Optimism

    XRP remains stable near the $1 mark as the XRP Ledger (XRPL) gains traction and US regulatory advancements boost market confidence. Despite broader crypto volatility, the token has held above key support levels, with whale accumulation and enterprise growth shaping the outlook.

    Key Takeaways

    • XRP maintains support above $1 amid market fluctuations.
    • XRPL adoption continues to strengthen long-term sentiment.
    • Progress on US crypto regulation improves investor confidence.

    Price Action and Market Overview

    XRP has traded in the $1.10–$1.12 range after recent market swings. At press time, the asset is around $1.11–$1.12, posting a daily gain of roughly 1–2%. With a market cap near $70 billion and daily trading volume of about $1.2 billion, XRP’s resilience has caught the attention of traders. A sharp pullback from earlier highs was met with buying interest near $1, reinforcing this level as a crucial pivot.

    XRPL Expansion Drives Confidence

    The XRP Ledger continues to evolve beyond simple payments. Its sub‑five‑second transaction finality and ultra‑low fees make it attractive for remittances, tokenization, and stablecoin projects. More enterprises are exploring XRPL for digital asset custody and decentralized finance applications. Ripple’s focus on enterprise solutions—such as payment rails, custody services, and tokenization infrastructure—has cemented XRPL as a blockchain with real‑world utility rather than pure speculation.

    US Regulatory Tailwinds

    Regulatory clarity in the United States is a major catalyst. The CLARITY Act has advanced in the legislative process, raising hopes that the crypto industry will soon receive clear guidelines. For XRP, which has been entangled in legal debates, this development is especially significant. Clearer rules could unlock institutional participation and broaden adoption across financial sectors.

    Whale Accumulation and On‑Chain Trends

    On‑chain data reveals that large holders have been accumulating XRP during the consolidation phase, signaling conviction in future price performance. The derivatives market has also stabilized after a wave of liquidations, reducing excessive speculation. Analysts note that the $1.10 support zone is being defended by buyers, with order books showing healthy demand at current levels.

    Technical Levels to Watch

    The immediate support sits at $1.10; a break below $1.00 could trigger bearish sentiment. On the upside, resistance is at $1.17, followed by the $1.20–$1.25 range. A decisive breakout above $1.17 would likely reignite bullish momentum. For now, the market remains in a consolidation phase, with traders waiting for a catalyst.

    Risks Remain

    Potential headwinds include profit‑taking after recent gains, a broader crypto downturn (particularly if Bitcoin stumbles), economic uncertainty, and any delay in US crypto legislation. Despite the improved outlook, these factors could dampen the rally.

    Why This Matters

    Holding key support at $1.10 while expanding the XRP Ledger positions XRP as a practical payment solution. Growing whale accumulation and US regulatory progress boost institutional confidence, providing strong support for long‑term market stability.

    Outlook Remains Positive

    Recent developments in the XRP ecosystem—ledger growth and regulatory advancements—have bolstered optimism. Large investors continue to accumulate, and the token’s stability near $1 reflects underlying confidence. However, a sustained rally will require fresh buying interest and broader market improvement. Until then, XRP is likely to trade within its current range.

    Frequently Asked Questions

    Why is XRP staying close to the $1 price level?

    Strong support near $1, steady investor confidence, and positive market sentiment have helped XRP remain stable.

    What is driving optimism around XRP?

    The main factors include XRPL expansion, clearer US crypto regulations, and continued accumulation by large investors.

    Why is the XRP Ledger important?

    XRPL offers fast transactions, low fees, and supports payments, tokenization, stablecoins, and enterprise blockchain solutions.

    Which price levels should traders watch?

    Support remains near $1.10, while resistance stands around $1.17 and the $1.20–$1.25 range.

    What risks could affect XRP in the near term?

    Profit‑taking, weakness across the crypto market, economic uncertainty, and delays in US crypto legislation could impact the price.

  • XRP Dips to $1.10 as XRP Ledger Surpasses 8 Million Accounts

    XRP Dips to $1.10 as XRP Ledger Surpasses 8 Million Accounts

    XRP traded near $1.10 after falling 1.71% in 24 hours, tracking Bitcoin’s 1.89% decline and a broader crypto market pullback. The move occurred without major XRP-specific negative news, leaving broader risk sentiment as the primary driver.

    Meanwhile, the XRP Ledger crossed eight million activated accounts, a milestone that has renewed debate over whether rising adoption can support the XRP price while technical resistance and regulatory uncertainty limit short-term gains.

    XRP Price Tracks Bitcoin During Market Pullback

    XRP’s daily loss closely matched Bitcoin’s decline, showing the token still moves with the wider market during risk-off periods. Bitcoin traded around the mid-$64,000 range on July 16 as softer inflation data competed with geopolitical concerns. XRP lacked a separate catalyst strong enough to break that market link.

    Technical pressure also limited recovery attempts. XRP failed to move above a group of moving averages near $1.14 to $1.15, where sellers have blocked recent rallies. The $1.10 level now acts as an important short-term pivot. A hold could support another test of $1.13 to $1.15, while a break may expose the $1.06 area.

    XRP Ledger Crosses 8 Million Accounts

    The XRP Ledger Foundation said the network crossed eight million activated accounts. An activated account holds the minimum XRP reserve needed to send transactions and use services on the ledger. The figure measures funded accounts, but it does not equal 8 million individual users since one person or company may control several addresses.

    Network use has expanded beyond payments. The ledger now supports tokenized assets, stablecoins, decentralized finance tools, and automated transactions. Reports cited by the foundation place tokenized real-world assets on the network above $4 billion, while AI agents have completed more than one million transactions. Still, daily active addresses and new account growth have slowed from earlier peaks.

    XRP Forecasts Split Between $3 and Higher Targets

    The account milestone has brought XRP price predictions back into focus. Motley Fool analyst Dominic Basulto said the token’s upside ‘might be capped at $3,’ partly due to competition from dollar-backed stablecoins in cross-border payments. From $1.10, XRP would need to rise about 173% to reach that target.

    Technical analyst Javon Marks has presented a much stronger forecast. He said XRP ‘can be setting up’ for a move toward $21 and raised a longer-term level above $152. Those targets depend on XRP repeating parts of its 2017 price structure. A $21 price would require a gain of about 1,809% from $1.10, while $152 would require an increase above 13,700%.

    Regulation remains another near-term factor. The Senate Banking Committee advanced the CLARITY Act by a 15-9 vote in May, but the full Senate vote has not yet been scheduled. The bill still needs bipartisan support, while lawmakers discuss ethics and stablecoin provisions.

    Near-term charts offer a mixed view. Some analysts point to a bull flag and falling wedge breakout after months of consolidation, with $1.24 as a possible target if former resistance becomes support. Analysts also highlighted a possible head-and-shoulders pattern with a neckline near $1.06. A daily close above $1.18 could weaken the bearish setup, while a high-volume break below $1.10 may increase downside pressure over coming sessions.