XRP

Bitwise has made its biggest XRP purchase of October, expanding its XRP exposure once again. The move comes as institutional investors appear to have shown renewed interest during the last ETF trading session. Bitwise did not disclose the size of the purchase or the value of its total XRP holdings.

Michael Selig, chairman of the U.S. Commodity Futures Trading Commission, said in an October 5 speech that the CFTC and the U.S. Securities and Exchange Commission had produced a joint interpretation on crypto assets, expressing the view that Bitcoin, Ethereum, XRP and others are not securities in principle. In March, the two agencies published a joint interpretation classifying crypto assets into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. Of these, the three categories of digital commodities, digital collectibles, and digital tools are deemed not to be securities in principle. Digital commodities include Bitcoin, Ethereum, and XRP, as well as Solana, Stellar, and Tezos, and are positioned as assets whose prices arise not from expectations of profits based on the managerial efforts of a company or other entity, but from a functioning crypto asset system or from supply and demand. The joint interpretation also indicated that even if a crypto asset itself is not a security, it may fall under federal securities law if sold as part of an investment contract. In his speech, Chairman Selig also explained a new regulatory framework for retail crypto asset trading based on this classification, and the CFTC on the same day published an advance notice of proposed rulemaking covering retail transactions involving margin, leverage, and lending, and began soliciting public comment. Under the new framework, the agency is considering establishing a market segment called the Crypto Asset Market that would allow eligible crypto asset exchanges to operate under federal regulation, and has also presented a proposal to require exchanges that manage customer assets in aggregate to provide proof of reserves backing the crypto assets they hold.

XRP continues to gain momentum across both its spot and futures markets as trading activity across both markets is also on the rise. Binance led the futures activity with $32 billion in volume during September, according to the report. The surge in derivatives trading accompanied rising spot activity in the token over the same period.

The XRP Ledger fixBatchV1_2 amendment has reached 100% consensus and is set to arrive on the XRP Ledger mainnet within 72 hours, according to XRPScan data. The unanimous approval is rare, well above the network's required 80% majority threshold. The update will activate on the mainnet once the 72-hour window elapses.

The XRP Ledger has moved closer to launching programmable escrow features with the deployment of the ninth release of the Smart Escrow Devnet. Developers announced the new devnet release as part of the ledger's ongoing journey toward deploying smart escrow capabilities. The release marks the latest step in testing the programmable escrow functionality before any mainnet launch. No timeline for a full production rollout was provided.

XRP has claimed the top spot in trading volume on South Korea's cryptocurrency market, surpassing Bitcoin and Ethereum, according to CoinMarketCap. The surge in local activity has kept the token's price within a $1.45 to $1.52 range even as broader global markets face pressure. The ranking marks a notable shift in South Korean trading preferences, where XRP now leads both major cryptocurrencies by volume.

Ripple's XRP notched a milestone of 10 million agentic payments amid an ongoing AI boom, even as the broader cryptocurrency market opened the fourth quarter with a local retreat by the bulls. An attempt to establish a new trend above $85,500 on the back of softer morning PCE inflation data of 3.4%, which came in below expectations, resulted in a false breakout. Bitcoin quickly lost momentum, returning to its September closing level of $83,600, and is now trading around $83,975.76, with dominance of 58.74%. Ethereum has settled near $2,706.26, with a market share of 11.50%.

RippleX has put a major XRP Ledger lending upgrade to a validator vote, opening the LendingProtocolV1_1 amendment for approval. The amendment would add native lending infrastructure to the XRP Ledger, a capability the network has long awaited. Validators now decide whether the proposal advances toward activation. No vote tally or activation timeline was disclosed.

A $1 billion XRP treasury vehicle has closed its Nasdaq listing amid a broader tokenization boom in the crypto industry. The development comes as the cryptocurrency market ends the third quarter in prolonged consolidation, with outward calm masking tectonic shifts within the industry. Bitcoin, having failed to hold near local highs around $87,300, has firmly settled into the 83,300–83,700 range. Ethereum is moving in tandem, holding within the narrow 2,660–2,690 band after a recent attempt to break through $2,743.

Brazilian financial-market infrastructure provider CSD BR has moved to integrate the XRP Ledger into its regulated securities infrastructure, according to a local media outlet. The move would connect the XRP Ledger to Brazil's securities market, which the report values at $4 trillion. CSD BR is the country's financial-market infrastructure provider, and the integration targets its regulated securities operations. The report did not specify a timeline or the terms of the integration.

The XRP Ledger is preparing to launch major upgrades that will open up new commercial uses for the network, with two fundamental amendments — Batch and Permission Delegation — having reached the final stage of validator voting. According to Vet, the community lead at the XRPL Foundation, the two amendments are now in the last stage of the validator approval process. The upgrades are set to activate in 11 days, according to the report. The changes are expected to enable major use cases for the network.

XRP is eyeing a busy October with key events and upgrades in store. At the earliest in October, specifically in the first week, the XRP Seoul event is scheduled for October 3, 2026, at the Grand Hyatt Seoul during Korea Blockchain Week.

Cryptographer Nik Bougalis, who led the development of key XRP Ledger protocols for nearly a decade, has officially returned to work on the project's source code. The move marks a comeback for a figure closely associated with the ledger's core protocol work over roughly ten years. No further details on his specific role or the scope of the code contributions were provided in the announcement.

Large XRP holders accumulated more than 470 million tokens over the five-day period ending September 24, according to analytics platform Santiment. That capital inflow lifted the combined holdings of millionaire wallets from 12.37 billion to 12.80 billion XRP. The buying spree represents roughly $724 million in capital deployed by these large holders.

Major XRP holders amassed approximately 1.54 billion XRP, roughly $2.2 billion at the time, in just 96 hours, according to recent data. The large-holder activity is increasingly coinciding with XRP's most recent rally. The accumulation marks a record in whale holdings of the token.

American spot XRP ETFs have come close to the significant $2 billion mark in assets under management. The sector showed a rare countercyclical trend for the cryptocurrency market, as large players aggressively bought the token while its price fell locally.

Moscow Exchange, Russia's largest financial marketplace, has launched XRP perpetual futures that settle in rubles, letting qualified investors speculate on the token's price without ever owning the cryptocurrency. The exchange set XRP's margin requirement at 43%, nearly double Bitcoin's, making it the riskiest of its five crypto contracts. The launch follows a year in which more than 72,000 qualified Russian investors generated turnover exceeding 600 billion rubles, approximately $7 billion, in dated crypto futures since the summer of 2025. As of the launch date, XRP traded at $1.57, up 22% over the previous week, while Bitcoin rose 14% in the same broader rally. The contracts track a price index based on U.S. dollar values but pay out in rubles, adding currency speculation on top of the XRP bet, and the exchange does not hold or deliver the token itself.

On the morning of Tuesday, September 22, the cryptocurrency market found itself near the historic $3 trillion market capitalization level after a massive short squeeze. A powerful impulse pushed Bitcoin toward $87,400, forcing bears to close positions worth $557.79 million. Binance suddenly dropped 19 coins, XRP broke $1.55 via a symmetrical triangle, and Shiba Inu's SHIB 'Bull Combo' quest hit a wall.

A sharp rise in cryptocurrency prices over the past 24 hours triggered the largest wave of forced short-position liquidations in months, with short sellers losing a total of $665.81 million, according to analytics platform CoinGlass. XRP and NEAR led the altcoin squeeze that drove the liquidations. The figure represents the largest such wave of forced short-position liquidations recorded in months.

The XRP Community is heading toward a key date as the Permission Delegation amendment nears activation, with the upgrade set to go live on October 5. The amendment is one of the network's pending protocol changes, and its activation would mark a permissions-related upgrade to the XRP Ledger. No further details on the scope of the change or its expected impact were provided in the source.

XRP climbed to $1.48, posting a daily gain of around 7%, after a brief decline in the middle of the month, as the token showed signs of reversing its medium-term downtrend. The recovery followed a $2.2 billion institutional buy-up in the token, which Ripple has called its "North Star."

XRP rose 6.4% to $1.47 on September 21 after Bitcoin broke above $84,000, triggering roughly $300 million in short liquidations within a single hour. CoinGlass reported that about $313 million in positions were liquidated in the hour Bitcoin crossed $84,000, with shorts making up 96% of that amount, while roughly $710 million was liquidated over 24 hours with shorts at 86%. XRP absorbed the largest share of those forced buybacks, helped by a funding rate that had been negative since September 11, signaling a crowded short book. Bitcoin climbed 5.3% to $84,702, its highest level since January 31, while Ethereum gained 5.4%, Solana 6.6% and Zcash 4.5%. Despite the daily gain, XRP remains down 1.5% over the past 30 days and about 20% for the year, and Ripple's scheduled October 1 release of one billion XRP from escrow could weigh on the price. A close above $1.50 opens the path to $1.55 and $1.70, while a close below $1.41 would signal the squeeze is spent.

A major player on the decentralized exchange Hyperliquid has capitulated, with a trader operating under the address "0x9c2a...f6a8" forced to buy back approximately 450,000 XRP tokens from the market to cover a short position. The trader, carrying an internal rating of Grade D, fell into a classic trap as the token's price held at $1.44. The emergency buyback marks a capitulation for the position on the decentralized exchange.