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XRP Reserves on Binance Hit Record High: Details
Crypto Trends

XRP Reserves on Binance Hit Record High: Details

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With XRP seeing a major resurgence in its price over the past few days, it has continued to break major ground on leading crypto exchanges. 

Amid these bullish waves, reserves of XRP on Binance have reached levels not seen before according to data from Cryptoquant.

While this has attracted the interest of investors, the achievement coincides with a broad crypto market rally which has also seen XRP trade on the positive side and its price breaking major ground.

Binance XRP reserves near $3.6 billion 

Data provided by the source has revealed that XRP reserves on Binance have reached an all-time high of 3,591,448,683 XRP on September 9th.

While hype surrounding the leading altcoin has continued to surge following Ripple’s recent developments and the buzz surrounding the upcoming XRP ETF launch, the achievement recorded on Binance signals renewed market activity and heightened investor interest in the asset.

Although the market had just recovered from a massive market bloodbath which saw XRP fall below the $2.8 mark on September 8th, the market saw a sudden flip in investors’ sentiment over the next day. The bullish market performance that saw XRP return to the green side on Sept 9 also extended its positive momentum across the Binance ecosystem.

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As such, the exchange recorded its all-time high XRP reserves on September 9, holding 3,591,448,683 XRP. At the time, the token traded at an average price of $2.947 throughout the day, projecting signs of a potential breakout.

While increases in exchange balances on specified cryptocurrencies have often reflected a combination of institutional accumulation, whale repositioning, and heightened trading activity, the XRP community is excited about this milestone.

Apart from XRP, other top cryptocurrencies have also built incredible momentum as the surge coincides with a broader wave of optimism in the crypto market. Notably, the milestone further establishes XRP as one of the most actively traded tokens on Binance. This marks something big for the XRP ecosystem as Binance remains the largest venue for XRP liquidity all around the globe.

With the rise in XRP reserves showing signs of surging market confidence and increased demand for the asset, market watchers are confident that the $3.6 target for XRP is around the corner.



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GameFi Guides

Forget Ripple Vs. SWIFT, BRICS Nations Are Building On XRP Ledger With Their Central Banks

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s role in global finance is drawing new attention after Versan Aljarrah of Black Swan Capitalist revealed that central banks in BRICS nations have been building on the XRP Ledger. The findings suggest that the ledger is not an afterthought but a serious option in the bloc’s plans for cross-border payments. 

BRICS Central Banks Quietly Build On XRP Ledger

Versan Aljarrah says that the central banks of BRICS, along with the New Development Bank, have already been working with the XRP Ledger. According to him, the records show clear evidence that this work has been ongoing quietly for years. The archived papers he cites do more than just mention Ripple. They note that BRICS reports point to escrow and automation on the XRPL as tools that can handle the bloc’s cross-border payment needs by making transactions easier, quicker, and more secure.

With Ripples escrow, the system locks payments and then releases them automatically, while its automation tools streamlines the process, reducing the cost and time of transactions. These systems align directly with the vision of the BRICS nations to build a financial structure that operates independently and does not rely heavily on the U.S. dollar for clearing and settlement.

Aljarrah explains that the consistent references in official BRICS materials point to a pattern of deliberate engagement.​​ The bloc has spent years checking how XRPL can fit into its long-term financial system. By highlighting that the groundwork dates back years, Aljarrah draws attention to the quiet yet steady progress that has taken place in the background.

Evidence Suggests A Coordinated Digital Infrastructure Strategy

Versan Aljarrah also stresses that attention to the XRP Ledger has been consistent across several years of BRICS meetings, research papers, and economic forums. Repeated mentions of XRPL in policy papers suggest a coordinated and ongoing strategy, rather than a one-off experiment.

The evidence does not stop with research. Brazil’s central bank has published papers that name Ripple in its tests of distributed ledger systems. In the private sector, projects in Brazil are already using XRPL for tokenization and financing. The mix of research, pilot testing, and adoption indicates that BRICS is not standing by, but is actively exploring Ripple’s technology.

Aljarrah explains that this does not mean entire national systems have moved onto the public ledger. The evidence instead points to preparation. BRICS central banks are examining the strengths of the XRP Ledger, conducting pilots, and assessing its compatibility with their existing financial frameworks. 

As Aljarrah points out, this effort has been underway for years, even though the final move to large-scale adoption remains ahead. The big question now is whether the BRICS nations will take the next bold step and integrate the XRP Ledger into their core financial systems.

Price moves above resistance | Source: XRPUSDT on Tradingview.com

Featured image from DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP price coiled for breakout as first U.S. spot ETF nears launch
NFT Gaming

XRP price coiled for breakout as first U.S. spot ETF nears launch

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The XRP price recovery stalled at the key resistance level of $3 as traders awaited the first launch of a spot XRP exchange-traded fund on Friday, Sept. 12.

Summary

  • The Rex-Osprey XRP ETF will launch on Friday.
  • It will be the first spot XRP ETF in the United States.
  • The SEC is expected to approve other spot ETFs in October. 

Rex-Osprey XRP ETF set to launch on Sep. 12

The XRP price will be in the spotlight tomorrow as Rex-Osprey launches the first spot ETF. This fund will have a first-mover advantage compared to those filed by companies like Franklin Templeton, Bitwise, and Invesco.

While the fund’s goal is to track the Ripple (XRP) price, it will be different from the others. The main difference is that it is based on the Investment Company Act of 1940, while the others are based on Act 33. Using the 1940 Act allowed Rex-Osprey to complete the 75-day review.

The other difference is that it will provide investors with exposure to XRP through a wholly owned Cayman Islands company. 

This fund will be similar to the Rex-Osprey SOL + Staking ETF that has accumulated over $240 million in assets. As such, it is likely to be more expensive than the other upcoming XRP ETFs, given its 0.75% expense ratio. 

While the new XRP ETF will be notable, the main catalyst for XRP will be the other funds, which will likely be approved in October. Polymarket data shows that the odds of these spot ETFs happening this year have jumped to 92%.

Analysts expect these funds will have substantial inflows within the first few months, which may boost the XRP price. SoSoValue data shows that spot Bitcoin (BTC) and Ethereum (ETH) funds hold between 5% and 7% of their market capitalization. If XRP achieves this, then the main ETFs could attract more than $9 billion in assets in the first year.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily time frame chart shows that the XRP price has formed a few chart patterns that may trigger more gains in the near term. It has formed a double bottom at $2.70 and a neckline at $3.38.

Most importantly, it has formed a falling wedge pattern and has already moved above its upper side, confirming a bullish breakout. It has remained above the 100-day exponential moving average.

The Relative Strength Index has moved above the neutral point at 50, while the two lines of the Percentage Price Oscillator have crossed. Therefore, XRP will likely rebound and potentially hit an extreme overshoot level near $4.30.



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GameFi Guides

SEC Punts on BlackRock Ethereum ETF Staking, Franklin XRP and Solana Fund Decisions

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In brief

  • The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay.
  • The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14.
  • In recent weeks, the agency has postponed decisions on rule change requests that would permit the listing of various spot altcoin funds and the addition of staking to current Ethereum ETFs.

The U.S. Security and Exchange Commission has delayed its decisions on the addition of staking to BlackRock’s iShares spot Ethereum exchange-traded fund, and on Franklin Templeton proposals for separate funds tracking the performance of Solana and XRP, according to filings the agency submitted Wednesday.

The SEC extended its deadline for addressing a rule change request by the Nasdaq exchange for staking in the iShares Ethereum Trust (ETHA) to October 30, a 45-day postponement from its original schedule.

It also pushed back its decision on 19b-4 rule change filings by Cboe that would allow the listing of the Franklin Templeton Solana ETF and Franklin Templeton XRP ETF to November 14, a 60-day deferral.



The latest filings follow a slew of SEC delays in recent weeks on proposals for altcoin funds. On Tuesday, the regulator put off ruling on Nasdaq’s bid to list the Grayscale Hedera Trust to November 12, also 60 days.

Last month, the SEC also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.

At that time, it also moved back its decision on an application by Donald Trump’s media and technology company by 45 days to Oct. 8 for a Truth Social Bitcoin and Ethereum ETF that would track the two largest cryptocurrencies by market value.

And it announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares. The dates for potential approvals of those funds vary.

Those announcements followed delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares. Before August ended, the SEC was weighing 90 crypto ETF applications, which spanned a range of assets.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the latest delays were consistent with the regulator’s recent approach, likely timing approvals of proposed altcoin ETFs and Ethereum staking after likely green-lighting proposals filed in July by Cboe and NYSE.

Those exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, the exchanges requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation, a process that requires exchanges to submit proposed rule changes. Under current guidelines, reviews of proposed changes to funds could take 240 days.

“They’ve been punting and punting […] and we expect them to keep putting everything off until the generic listing standards are done,” Balchunas said. “That is what we think will happen, probably in early October. After that, we expect a flood of ETFs probably in a couple months.”

He added: “We expect ETH staking to be part of it. This SEC showed every sign of being interested in working with the issuers and solving problems.”

Bloomberg analysts have predicted a more than 95% probability of Solana and XRP ETFs receiving approval this year. Balchunas described the odds on staking as “pretty high,” as well.

“We think they’ll allow that, too,” he said.

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Crypto Trends

Rumors Of BlackRock Buying XRP Via Coinbase Makes Waves. Is An XRP ETF Filing Coming?

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The Ripple community is once again caught up in speculation after data showed a steep drop in Coinbase’s XRP holdings. Instead of seeing it as a sell-off, some commentators believe the decline could be linked to BlackRock quietly moving into position through Coinbase Custody. The rumors are persistent, even though BlackRock has already shot down earlier claims about a Spot XRP ETF filing. Nonetheless, this has left many to wonder if there’s more happening behind the scenes than the company is willing to admit.

Coinbase’s Holdings And BlackRock Rumor

Recent on-chain data revealed that Coinbase’s XRP stash has decreased drastically since the second quarter of 2025. This decrease has seen the amount of coins held by Coinbase fall from 780.13 million to about 199 million, with a 57% fall in August alone.

Considering the scale of this decline, the movement has stirred up different rumors. Some investors are of the notion that these are actually intended sell-offs by Coinbase, while others are of the notion that they are only strategic transfers involving institutions. Crypto analyst Crypto X AiMan addressed the situation in a video posted on the social media platform X, where he noted that Coinbase is not dumping the coin, despite claims circulating within the community. 

According to the analyst, the reduction is more likely linked to BlackRock, and his team had previously highlighted multiple BlackRock-XRP connections. As such, he admonished investors not to interpret the drop in Coinbase’s wallets as bearish but rather as a sign of shifting custody arrangements, possibly connected to the world’s largest asset manager.

BlackRock’s Position On An XRP ETF

Comments about BlackRock’s interest in the digital asset are growing louder each day, but it is worth noting that the company has already denied reports of filing for a Spot XRP ETF. A company spokesperson for BlackRock recently clarified that no such product has been filed with the SEC. 

Nevertheless, the decrease in Coinbase’s wallets coincides with recent developments involving BlackRock’s partnership with Coinbase, which suggests that an official move relating to a Spot XRP ETF could be in the works. Given BlackRock’s embrace of other crypto ETFs, including Bitcoin and Ethereum, it is only a matter of time before the altcoin joins the lineup.

Although BlackRock has not confirmed any intentions, the rumors alone have increased interest among many holders, as shown by comments on social media. As many as eight other asset managers have filed for a Spot XRP ETF with the SEC, and many investors are still anticipating that a formal filing might arrive sooner than expected. 

At the time of writing, the connection between Coinbase’s reduced holdings and BlackRock is speculative, but as the third-largest crypto by market cap, the idea of Spot XRP ETFs hitting the market soon should not be ruled out.

Price trading at $2.97 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Ripple Expands Custody Solutions Across Europe in Latest Partnership, XRP Reacts
NFT Gaming

Ripple Expands Custody Solutions Across Europe in Latest Partnership, XRP Reacts

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Renowned Spanish banking firm BBVA has joined the long list of Ripple partners as institutional adoption continues to grow. 

According to a recent report today, Ripple has extended its custodial footprint across the European banking industry after signing a new partnership with Banco Bilbao Vizcaya Argentaria (BBVA).

With this partnership, Ripple has not only expanded its ecosystem and propelled XRP for further upsurge, it has also positioned BBVA’s customers for a secure and exclusive crypto trading experience.

Marking one of Ripple’s major partnerships focused on fostering its adoption among major institutions across the globe, the partnership deal will see BBVA integrate Ripple’s custody technology to support its retail crypto trading platform in Spain. With the help of Ripple, BBVA will now be able to offer its clients secure direct custody of Bitcoin and Ethereum.

What’s in for XRP?

With Ripple’s latest partnership coinciding with an epic shift in investors’ sentiments across the crypto market today, it has sparked reactions and stirred fresh debates among market participants.

Following Ripple’s latest partnership with the Spanish banking giant, the price of XRP was spotted registering a sharp upside movement, rebounding above key resistance levels. Hence, market watchers have expressed curiosity as to whether Ripple’s recent third-party engagement has garnered momentum for XRP, leading to the surge witnessed in its price today.

The debate appears to have remained unsettled as many believe that XRP had only surged in response to the broader market rally which saw other leading cryptocurrencies rebound back above previous highs.

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However, other commentators have suggested that XRP’s positive price move was spurred by the development, as high-profile partnerships such as European banks further validate Ripple’s technological edge. This indirectly impacts XRP’s market performance, positioning it for long-term adoption among institutions.

While the debate about the relationship between Ripple’s custody solutions and XRP’s market potential has continued to linger, pro-crypto lawyer Bill Morgan has recently taken to X to clarify the connection between Ripple’s third-party collaborations and XRP’s market prospects.

The lawyer highlighted dismissing rumors that Ripple’s U.S. dollar-backed stablecoin, RLUSD, plays the major role in external payments required for Ripple’s institutional engagements.

Morgan highlighted that the majority of Ripple payments involve the use of XRP, not RLUSD. While this can only mean higher demand for XRP among retailers and institutions, it highlights the major role key Ripple partnerships like this can play in XRP’s price dynamics.



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Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay
NFT Gaming

Breaking: Major XRP ETF Proposed by $1.5 Trillion Financial Giant Faces Fresh SEC Delay

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  • Current approval odds
  • Other recent delays 

The U.S. Securities and Exchange Commission (SEC) has pushed back its decision on the XRP exchange-traded fund (ETF) proposal filed by American multinational investment management holding company Franklin Templeton.

The review of Cboe BZX’s proposal to list the aforementioned product has been extended to Nov. 14.  

As reported by U.Today, Franklin Templeton, which boasts a total of $1.53 trillion worth of assets under management, originally filed to launch an XRP ETF in early March.

It remains the most prominent player to enter the closely watched XRP ETF race. 

BlackRock, the world’s leading asset manager with $12.5 trillion worth of assets as of Q2 2025, is reportedly not considering filing for an XRP ETF. The same applies to a Solana-based ETF.  

Current approval odds

As reported by U.Today, the odds of the SEC approving an XRP ETF in 2025 recently surged well above 90% on the Polymarket betting website. At press time, the odds currently stand at 92%. 

Bloomberg analysts previously stated that the approval of spot altcoin ETFs would likely come this October. 

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Other recent delays 

On top of that, the SEC has delayed the approval of staking 

Earlier this week, the regulator also pushed back its decision on Bitwise’s Dogecoin exchange-traded fund (ETF). 



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NFT Gaming

XRP price reclaims $3 level as market optimism holds

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XRP has reclaimed the key psychological level at $3, with traders holding ahead of expected favorable ETF decisions.

Summary

  • XRP reclaimed the $3 level amid continued market optimism
  • ETF approvals remain the strongest potential catalyst
  • Open interest in XRP futures indicates strong institutional demand

XRP (XRP) price has reclaimed the $3, a key psychological level, showing continued optimism in its performance. On Wednesday, September 10, XRP’s price was up 1.1%, trading at around $3, with $4.35 billion in daily volume. Its current price puts XRP at a market cap of $178.26 billion, firmly in third place among all crypto assets.

Despite ongoing market volatility, traders still bet on ETF demand as the strongest potential catalyst for its price. Currently, the Securities and Exchange Commission is set to decide on 15 XRP ETFs. These funds, if market demand follows, could have a strong impact on the demand for XRP.

What is more, the demand seems to be there. Notably, the CME Group’s XRP futures contracts hit $1 billion in open interest in just three months, faster than those of any crypto asset. This metric, typically a strong indication of ETF demand, suggests strong institutional interest.

XRP ETF remains the biggest catalyst

Still, the earliest of these decisions, ones for CoinShares, 21Shares, Canary Capital, and Grayscale XRP ETFs, is set for October 19. That is, unless the agency delays the decision again, as it has done multiple times in the past. Most recently, the agency has extended the deadline for its decision on Franklin Templeton XRP ETF to November 14.

Still, the odds for an XRP ETF approval are very high, and Polymarket traders currently put the odds of approval at 92% by the end of 2025. If this prediction holds, XRP could be set for some of the biggest gains among top crypto assets in the coming months.



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Crypto Trends

Chainalysis Extends XRP Ledger Support In Latest Move – What’s New?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Chainalysis is extending its support for the XRP Ledger and the new coverage goes beyond the native token. Customers now get more ways to follow token activity and check transactions. With Chainalysis adding this extended support, users now have stronger ways to interact with one of the most active blockchains in the market.

Chainalysis Expands Coverage For XRP Ledger

In its announcement, Chainalysis explained that automatic token support now includes fungible tokens such as IOUs, non-fungible tokens under the XLS-20 standard, and multi-purpose tokens, also known as MPTs. MPTs operate like Ethereum’s well-known ERC-1155 tokens. The update means many different kinds of assets on the XRP Ledger are now covered.

The company also shared that more than 260,000 tokens are already supported. As developers create more tokens on the blockchain, the total number increases daily, showing the steady activity and expansion of the XRP Ledger.

Chainalysis added that customers can now use its KYT (Know Your Transaction) service to monitor these tokens. KYT gives real-time alerts, continuous tracking, and compliance checks. Chainalysis KYT now keeps a close eye on a wide range of XRP Ledger assets, making activity on the network easier to monitor and safer to engage with.

Stronger Tools For Compliance And Investigations

Chainalysis also highlights that its expansion links directly to the company’s main investigative products. The extended coverage is now available through Reactor, the platform designed for in-depth transaction reviews and its entity screening services. 

Customers can now use the Chainalysis Reactor tool and entity screening products with XRPL tokens. They can visualize transactions in detail and act quickly if they notice risks. Customers can now track token flows, see how money moves, and identify signs of suspicious activity. 

Chainalysis noted that the XRP Ledger is well-known for facilitating fast and low-cost cross-border transactions, making it one of the most trusted blockchains today. The network has handled more than 3.3 billion transactions across over 90 million blocks. 

Its native token remains among the top digital assets by market value and is supported by a large global community. The Ledger itself continues to show strong performance. Nearly 200 validators worldwide support it, which are independent nodes that confirm transactions, with Ripple named as a key contributor. 

The Chainalysis update will make oversight on the XRP Ledger easier at a time when the number of tokens is skyrocketing. Customers can now use its Reactor tool to check XRPL tokens, follow how funds move, and help keep the network secure.

With the latest support from Chainalysis, the ledger becomes even more transparent, and customers now have safer and stronger ways to follow the growing number of tokens that developers are adding to the blockchain. 

Bulls push for another test for $3 | Source: XRPUSDT on Tradingview.com

Featured image from DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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3Iq’s Solana And Xrp Etfs Mark New Records In Canada
Crypto Trends

3iQ’s Solana And XRP ETFs Mark New Records In Canada

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Investment firm 3iQ’s Solana Staking ETF (SOLQ) and XRP ETF (XRPQ) have set new records for assets under management (AUM), making them the largest ETFs in Canada.

According to the official announcement, the SOLQ ETF now has more than CAD 300 million in AUM, and the XRPQ ETF now has more than CAD 150 million, making them the largest in Canada under their categories. 

Solana Staking ETF (SOLQ) made news earlier this year when it raised an impressive C$90 million in just two days. It quickly became Canada’s largest Solana ETF in terms of AUM. After that, 3iQ started its XRP ETF, which was also a first. In only three days of trading, XRPQ had more than C$32 million in AUM, making it the largest XRP-focused ETF in Canada.

Pascal St-Jean, President and CEO of 3iQ, said that the success of SOLQ and XRPQ at the same time shows that more investors want regulated, easy-to-use crypto investment vehicles.

“The momentum behind SOLQ and XRPQ demonstrates that Canadian investors and global leaders in the digital asset space are embracing secure, transparent, and regulated access to digital assets,” he said.

3iQ Solana Staking ETF (TSX: SOLQ, SOLQ.U) and 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) record largest AUMs in their respective categories!

We’re excited to share that investor demand sees $SOLQ surpass CAD 300 million and $XRPQ exceed CAD 150 million in AUM. Launched earlier this year,… pic.twitter.com/ABSPdnfqBZ

— 3iQ Digital Asset Management (@3iq_corp) September 9, 2025

XRPQ had a 0% management fee for the first six months, which made it one of the cheapest digital asset ETFs on the market. Ripple, one of the biggest enterprise blockchain companies, backed the fund early on, which also helped its credibility.

Canada is now at the forefront of crypto-linked ETF innovation thanks to these quick milestones. This makes it easy for investors to get into altcoins like Solana and XRP.

Also Read: Fidelity Launches FDIT, Backed by Ondo Finance’s OUSG Fund





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