Veteran trader Peter Brandt highlighted a possible bullish cup-and-handle pattern forming on XRP's daily chart, suggesting a potential breakout above the $1.6572 resistance level. Currently trading around $1.5230, XRP would need to rise about 8.8% to test this key level. This technical setup aligns with Brandt's classical chart analysis approach and follows his earlier long-term XRP price projection of $5.40. Institutional interest in XRP remains strong due to its financial applications and liquidity features, supporting its appeal to investors beyond just chart patterns.
XRP trades at Rp26,962 on Pluang as of Oct 06, 2026 07:41 WIB, showing a slight 0.20% decline in the past day. The market cap stands at Rp1.707,3 trillion, reflecting significant investor interest. Pluang data also shows a balanced order activity with 54% buying and 46% selling, indicating steady engagement despite minor price fluctuations.
David Schwartz, Ripple's CTO emeritus, criticized the use of fee revenue as a performance metric for blockchains, arguing it overlooks the cost burden on users who pay transaction fees. This came in response to a suggestion on social media to increas...
The XRP Ledger has progressed toward launching its Smart Escrow feature by releasing the ninth Devnet update. This update includes a major backend shift from C++ to Rust for the WebAssembly virtual machine, boosting performance by 30-50%. Smart Escro...
Documents from financial institutions show XRP and Stellar Lumens (XLM) are categorized as specialized blockchain protocols designed for banks and institutional finance, unlike Bitcoin and Ethereum which serve broader public networks. These protocols...
The SEC and CFTC have jointly classified Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities, placing them under the Commodity Futures Trading Commission's regulatory oversight rather than the SEC's. This classification stems from ...
Ripple announced plans to move its customer payment volume onto the XRP Ledger (XRPL) by 2027 and to expand a pilot program using the ledger's decentralized exchange. At XRP Seoul 2026, Ripple's President Monica Long revealed a proposal to connect Ri...
