The joint classification by SEC and CFTC could streamline regulatory oversight, potentially fostering innovation and market stability in the crypto space. SEC and CFTC jointly classify Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities.
The company also wants to expand a payments pilot using the ledger's decentralized exchange. A proposal would connect Ripple's payments business with lending under development on the network.
The altcoin could end up in lending pools that fund payment customers.
Shares of Armada Acquisition Corp. II (XRPN), the SPAC vehicle tasked with taking XRP treasury firm Evernorth public, closed last Friday at $39.42, representing a 68% gain on the day and 273% for the week. Shares briefly touched $53, up from the previous close of $10.58, and rose another 9.5% in Monday's premarket session.
Market analyst Peter Brandt's latest XRP chart coverage points to a developing “cup-and-handle” pattern, with the September 23 high of $1.65 emerging as the key level XRP needs to break for the setup to gain confirmation.
The stablecoin supply on the XRP Ledger reached approximately $1.33 billion after growing 14.6% in seven days, according to DefiLlama data. RLUSD, Ripple's stablecoin, accounts for around 93% of all stablecoin liquidity on the network, with $1.24 billion concentrated on-chain. RLUSD's total global circulation surpassed $2.4 billion, backed by more than $2.
XRP and SOL Inflows Drop: XRP-focused funds extended their positive streak to 12 weeks, but weekly net inflows fell to $4.74 million from $75.59 million, a decline of roughly 94%. Solana Demand Slumps: Solana investment products posted only $2.43 million in weekly inflows after attracting $188.22 million the previous week, a drop exceeding 97%.
Veteran trader Peter Brandt drew attention to XRP on October 5 with a cryptic chart posted on X alongside an image of a coffee cup. The visual appeared to reference a cup-and-handle formation, with $1.6572 marked on the chart as a key level, while Brandt offered no detailed written explanation of the setup. pic.twitter.
Monica Long puts her prediction hat on, putting a $30 billion figure on Real-World Assets on XRP's Ledger.
Ripple President Monica Long said at XRP Seoul on October 3 that the company is testing a credit model that could use XRP as collateral for payment financing, with pilots targeted for activation in 2027.
Although XRP has struggled to reclaim the $2 mark in 2026, insights generated by OpenAI's ChatGPT suggest the cryptocurrency could end the year trading above that level.
The total was up 22,473.29% from the previous 30-day period. The network had 286 RWA holders and $498.80 million in distributed asset value as of Oct. 5.