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XRP

1,000,000,000 XRP Vanishes From Ripple Escrow, What’s Happening?

by admin October 2, 2025

The crypto market has witnessed another unlocking of XRP tokens from Ripple’s escrow account on Thursday, October 2nd, as the much-anticipated “Uptober” season kicks off to a bullish start.

According to data from blockchain tracking platform Whale Alert, a total of 1 billion XRP tokens were unlocked from escrow in less than an hour.

The unlocked tokens are valued at approximately $3 billion, based on XRP’s trading price at the time of the event. Notably, the release occurred in four separate transactions: two batches of 400 million XRP each and two batches of 100 million XRP each, summing up to a total of 1,000,000,000 XRP.

While the move comes as no surprise, it marks the fulfillment of Ripple’s scheduled monthly release of XRP, typically on the first of every month. However, this month’s unlocking carried a slight twist, as it was delayed until the second day.

What’s Ripple up to?

The move has sparked discussions within the XRP community, with speculations about its impact on XRP’s ongoing price movement. It is important to note that the San Francisco-based blockchain company has committed to the escrow system as a way to control XRP’s circulation and mitigate oversupply, which could otherwise threaten the token’s value.

Although Ripple consistently unlocks up to 1 billion XRP each month (often returning a portion back to escrow after limited sales), this month’s unlock has drawn more attention, given the hype surrounding Uptober.

Coinciding with XRP’s strong momentum, the timing has fueled optimism. The token recently broke above the $3 resistance level, with market watchers suggesting that the unlock could further propel its price upward.

According to data from CoinMarketCap, XRP has surged 3.98% in the past 24 hours and is trading at approximately $3.04 as of press time.

Source: CoinMarketCap

Although increased supply can sometimes trigger short-term corrections by reducing scarcity, analysts argue that this month’s move could instead provide the liquidity required for institutional adoption, thereby supporting further upside momentum.

With decisions on the XRP ETF now entering their final stages, investors remain confident in XRP’s potential throughout October.

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October 2, 2025 0 comments

Crypto Trends

XRP Reclaims Crucial Price Support: Can Bulls Hold the Line?

by admin October 2, 2025

In brief

XRP surged above $3 today after weeks of sideways actions and bearish sentiment.
Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2.
The charts suggest caution. Here’s why.

After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run at the ever important $3.00 per coin mark.

XRP is up 4% today trading just above $3.00, climbing more than 9% over the last 30 days. It’s enough to claim a top 3 spot in the crypto market, with a market cap above $182 billion.

The move comes as the broader crypto market shows signs of life, with Bitcoin holding steady above $110,000—just above $120K right now—and institutional interest in XRP derivatives reaching new highs with CME’s upcoming 24/7 futures launch.

So are the good times back again for the XRP Army as we march into ‘Uptober’?

On Myriad, a prediction market built by Decrypt’s parent company Dastan, traders are leaning slightly bullish on the Ripple-linked token at the moment. Traders have set the line at 55% that XRP sooner pumps to $4 than dives all the way back down to $2. Those odds have completely flipped relative to where they were just last week, when traders had placed a 56% chance of XRP plummeting.

In other words, the market now appears to see stronger potential for upside on XRP but Myriad traders aren’t yet willing to bet the farm on it. What do the charts have to say about it?

XRP price: Mixed signals beneath the surface

Today’s candlestick shows XRP climbing from an opening price of $2.9485 to test intraday highs of $3.0599—a 3.8% spike from the daily low of $2.9424. This is basically a continuation of a price bounce that started on September 26 when XRP was trading at around $2.70.

While the price action looks encouraging on the surface, a deeper dive into the technicals reveals a more nuanced picture that should give bulls pause before declaring victory.

The charts reveal XRP trapped in a horizontal channel following a descending triangle pattern that was in place since the July highs near $3.80. Today’s move brings the token right to the upper boundary of this channel, creating a critical inflection point that could determine the next major move.

XRP price data. Image: Tradingview

The Average Directional Index, or ADX, for XRP sits at a concerning 14, well below the 25 threshold that confirms trend strength. ADX measures trend strength regardless of direction, with scores above 25 signalling to traders that an actual trend is in place.

This weak reading for XRP suggests the market lacks conviction despite today’s gains—traders typically view ADX below 20 as a sign of directionless, choppy price action where false breakouts are common. Think of it as a car engine running but not in gear; there’s energy but no clear direction.

Meanwhile, the exponential moving averages tell a more optimistic story. Exponential moving averages, or EMAs, give traders an idea of where the price supports and resistances are based on average prices over the short, medium, and longer term.

The 50-day EMA for XRP is hovering around the $3.00 zone, and that’s providing dynamic resistance that coincides perfectly with the psychological round number. This confluence creates a formidable barrier that bulls must decisively conquer. The good news? The 200-day EMA sits comfortably lower at around $2.70, offering a solid safety net well above the bearish threshold. When the 50-day EMA trades above the 200-day, as it does here, it typically signals the longer-term uptrend remains intact even if short-term momentum wavers.

Things are so trendless that both EMAs are running in parallel right now.

The Relative Strength Index, or RSI, is at 57, which places XRP in neutral territory—not overbought enough to trigger profit-taking, but not oversold enough to attract bargain hunters.

All things considered, traders would largely consider this to be an obvious compression scenario. Some may opt to do small trades with supports and resistances acting as triggers for stop loss and take-profit orders, so that this “boring” phrase can be somewhat profitable.

The Squeeze Momentum Indicator showing “on” status would also support this thesis. Combined with all the other neural indicators, this could suggest we’re approaching a decisive moment—but the weak ADX warns the breakout attempt could fail.

To 3 or not to 3, that is the question

Here’s the reality check: $3.00 might be asking too much from XRP right now based on current conditions. The convergence of the 50-day EMA with this psychological level creates a double whammy of resistance that’s proven stubborn in recent attempts. If the coin continues trading sideways, this barrier could hold firm, potentially sending XRP slightly lower to test support.

However, experienced traders would likely avoid opening overly leveraged positions that trigger liquidation near this priceline. This support is weak, and the coin may trade below it without turning bearish in the short term.

The silver lining? The $2.70 zone offers much more solid footing. Not only does this level sit comfortably above the 200-day EMA (maintaining the bullish structure), but it also aligns with previous consolidation areas that have acted as springboards for rallies. This means even if bulls can’t hold $3.00, the correction should find buyers before turning truly bearish.

XRP’s 3% pop today is likely encouraging for bulls, but the technical picture suggests a more cautious approach may be prudent. The ADX at 14 shows this isn’t a trending market yet so neither bulls nor bears have control. The Squeeze indicator warns a big move is coming, but weak momentum metrics suggest it might not be the bullish breakout holders are hoping for.

Smart money should watch for a few daily closes above $3.10 with rising ADX as confirmation of a legitimate breakout. Otherwise, expect more sideways grind with $2.70 as the line in the sand bulls must defend.

Key levels to watch:

Resistance: $3.06 (immediate), $3.14 (channel top), $3.31 (breakout target)
Support: $2.95 (EMA50), $2.70 (strong support), $2.60 (200-EMA zone)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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October 2, 2025 0 comments

Crypto Trends

XRP Ledger’s MPT Launch Delivers What Ethereum Can’t

by admin October 2, 2025

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

The XRP Ledger activated its Multi-Purpose Token (MPT) standard on October 1, turning on a native, protocol-level framework for issuing and governing fungible tokens that aims squarely at institutional tokenization—without relying on bespoke smart contracts. “The Multi-Purpose Token (MPT) standard is now live on the XRP Ledger mainnet,” wrote Ripple engineer Kenny Lei on X.

“It’s a new native token standard designed to make issuing real-world assets onchain far simpler, safer, and more aligned with how financial institutions operate.” Lei underscored the architectural departure from prevailing models: “Unlike most token standards, MPT isn’t built with custom smart contracts. It’s embedded directly into the protocol.”

XRP Ledger’s MPT Targets Ethereum’s Institutional Gap

That design choice is the point. On Ethereum, fungible assets such as ERC-20, or security-oriented frameworks like ERC-1400 and ERC-3643, are implemented as smart contracts at the application layer. By definition they must encode and enforce rules in contract code and coordinate with auxiliary registries, identity modules, or compliance oracles.

In Ethereum’s own documentation, an ERC-20 token is “a Smart Contract…responsible to keep track of the created tokens,” and security-token standards add optional modules for transfer controls, allowlists, document references, and operator roles—all still delivered as contract logic. MPT inverts that stack order by putting core controls in XRPL’s base protocol rather than in per-issuer contracts.

Lei’s thread framed the business problem: institutional pilots routinely stall over audit scope, bespoke logic, and regulatory uncertainty. MPT’s claim is to standardize those frictions away. As shipped, issuers can attach compliance and lifecycle semantics to a token “out of the box,” including KYC/AML authorization and allowlists, issuer-defined transfer rules, freeze and clawback rights, on-chain metadata for reporting and disclosure, and multi-signature or delegated key management.

Ripple’s institutional roadmap, updated in late September, positioned MPT as the “language of real assets”—able to carry maturity schedules, tranche identifiers, eligibility constraints, and recovery mechanisms natively, with confidential variants slated to enable privacy-preserving transfers. “MPT offers a protocol-level upgrade that makes XRPL more useful for regulated finance, while still staying true to its principles: simple, efficient, and built for utility,” Lei wrote.

The standard’s immediate scope targets the bread-and-butter of institutional tokenization. Lei listed use cases that match regulator expectations: bonds with coupon schedules, share classes with investor eligibility rules, stablecoins with recovery processes, fractionalized real-world assets, tokenized money market funds, closed-loop loyalty instruments, and collateral that can plug into what Ripple calls “Institutional DeFi.”

The company’s September brief mapped those MPT assets to a forthcoming native lending protocol in XRPL v3.0, an “MPT DEX” path for secondary trading, and a roadmap to “Confidential MPTs” integrated with zero-knowledge tooling. In Lei’s words: “MPTs are core building blocks for institutional DeFi: they’ll underpin vault share issuance in the Lending Protocol, unlock seamless secondary market activity with MPT DEX, and support future Confidential MPTs.”

For critics, the timing and approach will invite comparison to Ethereum’s decade of ERC standards. One community member cautioned that established ERC security-token frameworks have been “tried and true,” and suggested that extending XRPL’s earlier trust-line model might have been less disruptive.

Lei responded that XRPL’s AMM/DEX support for MPTs is shipping incrementally rather than in one sweep, with the current feature set intended to lay down durable primitives as the rest of the stack catches up. “AMM/DEX support for MPTs is coming soon! We are looking to build incrementally instead of introducing one big change. The current MPT feature sets a strong foundation to build upon,” Lei concluded.

The contrast to Ethereum is stark precisely where regulators focus: who can hold what, when can transfers be paused or reversed, how are issuer rights constrained, and where do disclosures live. In Ethereum’s universe, ERC-1400-style capabilities—whitelists, transfer restrictions, document links, and operator roles—are durable but optional and variably implemented across contract libraries.

MPT’s bet is that moving those controls into the ledger itself will lower integration cost and compliance ambiguity for conservative issuers. That is what the headline’s provocation—“promises what Ethereum can’t deliver”—is pointing at: not functional impossibility, but a different trust and assurance model rooted in protocol guarantees rather than contract conventions.

At press time, XRP traded at $2.97.

XRP breaks above the trendline, 1-day chart | Source: XRPUSDT on TradingView.com

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

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October 2, 2025 0 comments

NFT Gaming

1,300,000,000 XRP in 8 Hours: Whales Going Crazy

by admin October 2, 2025

Massive rebalancing
XRP approaches overbought zone

Following a wave of whale transactions totaling more than 1.3 billion tokens in just eight hours, the XRP market is heating up, indicating an abrupt spike in institutional-scale activity. Whale Alert data reveals significant movements, including 700 million in XRP transfers between unidentified wallets being locked in escrow and two distinct 500 million XRP movements.

Massive rebalancing

Since liquidity infusions and whale rebalancing typically occur prior to price swings, such actions are frequently preludes to significant volatility on the cryptocurrency market.

XRP/USDT Chart by TradingView

After recently breaking several moving averages on the four-hour time frame, XRP is currently trading at about $2.98 on the charts. The short-term technical sentiment turned bullish as the token surged through the 50 EMA, 100 EMA and 200 EMA. The descending trendline that has served as a ceiling for weeks, located between $3.00 and $3.05, is the next significant resistance. If whales keep rotating or accumulating, a breakout above $3 might signal the start of a longer recovery period.

XRP approaches overbought zone

Volume has increased significantly during this move, indicating robust market participation as opposed to a bounce in low liquidity. With an RSI of 67, XRP appears to be approaching overbought territory, but there is still opportunity for it to rise before exhaustion levels are reached. The ability of the current whale-driven momentum to last into Uptober, which has historically been one of the most bullish months for the cryptocurrency market, will be closely monitored by traders.

The combination of technical breakout patterns, whale accumulation and new stablecoin liquidity presents a very erratic short-term picture for XRP. The combination of market structure and timing indicates that XRP may be about to regain $3.20 and higher, though some prudence is still advised, because strong whale movements can also indicate imminent distribution. At the moment, it is evident that whales are in charge of the game, and XRP’s ferocious eight-hour whale activity might be the catalyst for its next significant rally.

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October 2, 2025 0 comments

GameFi Guides

XRP Jumps 5% as SBI Lending Program and ETF Countdown Fuel Rally

by admin October 2, 2025

XRP surged to fresh highs after Japan’s SBI unveiled an institutional lending initiative, igniting volumes above 160M and lifting price through key resistance. Buyers defended $2.93 multiple times as flows consolidated, with the October 18 ETF decision window now framing the next breakout test toward $3.00.

News Background

XRP climbed 5.2% over the 24-hour window from Oct. 1, 03:00 to Oct. 2, 02:00, advancing from $2.84 to $2.97. The move followed SBI’s launch of an XRP lending program for institutional payments, highlighting Japan’s push into large-scale adoption. The rally also comes as Ripple CTO David Schwartz transitions to an emeritus role and with seven spot ETF filings pending SEC decisions starting Oct. 18.

Price Action Summary

The token traded a $0.16 band (5.6% volatility) between $2.82 and $2.98. The breakout accelerated at 08:00 Oct. 1, as XRP ripped from $2.86 to $2.92 on 164.5M tokens — more than double the daily average. Subsequent consolidation held $2.93 support through multiple retests, while resistance firmed at $2.96–$2.98. In the final hour, XRP extended 0.28% from $2.96 to $2.97, hitting $2.98 before sellers capped the advance.

Technical Analysis

Support has shifted higher to $2.93 after repeated defenses, while resistance remains entrenched at $2.96–$2.98. The breakout was validated by volume spikes — including a 4.8M burst during the late-session rally — signaling institutional demand underpinning the move. The hour chart showed a textbook ascending structure, with higher lows at $2.96–$2.97 leading into the session peak. Bulls need a decisive close above $2.98 to confirm momentum toward the $3.00 psychological barrier.

What Traders Are Watching?

Whether XRP can sustain closes above $2.96–$2.98 to set up a $3.00 breakout.
Impact of SBI’s lending program on Asian liquidity flows and whether buying persists into U.S. hours.
Positioning shifts ahead of the Oct. 18 SEC deadline for seven spot ETF applications.
Broader CD20 index confirmation, as peer tokens also rallied 4–5% with elevated volume.

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October 2, 2025 0 comments

Crypto Trends

XRP Treasury Company Secures Additional $19 Million

by admin October 2, 2025

VivoPower, which is known as an XRP treasury company, has issued new shares in order to raise a total of $19 million.

Notably, the publicly traded firm is raising the aforementioned sum at $6.05 per share, which is higher than the current market price. This shows that there is significant demand.

The newly raised sum provides the company with additional liquidity for future XRP purchases.

Gaining more XRP exposure

The company previously announced another share offering under Regulation S, meaning that the funds would come from non-US investors. In this case, it was a $121 million private placement led by a Saudi prince.

After adopting the Ripple-linked token as its core asset, VivoPower then partnered with XRPL-based yield generation protocol Doppler Finance to deploy an initial $30 million of XRP.

Last month, the company also announced that it would acquire $100 million worth of privately held Ripple shares in order to enhance its exposure to the token.

Moreover, it announced that it would be exchanging the tokens procured with the help of its proof-of-work (PoW) mining operation for XRP.

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October 2, 2025 0 comments

Crypto Trends

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

by admin October 2, 2025

A U.S. government shutdown and fresh stress in Japan’s bond market failed to derail digital assets this week, as traders positioned for looser global liquidity conditions.

With Friday’s U.S. payrolls report potentially delayed and Japanese yields climbing to their highest levels since 2008, crypto markets are showing signs of decoupling from broader macro caution.

The setup has fueled expectations that policymakers may eventually be forced to ease financial conditions, creating a friendlier backdrop for risk-taking.

“The U.S. government shutdown and weak employment numbers from ADP have impacted markets this past week. Traders believe that these catalysts could be making a case for the Fed to further stimulate the economy and cut rates through the rest of the year, which could boost stocks and cryptocurrencies,” said Jeff Mei, COO at BTSE, in a Telegram note to CoinDesk.

Shutdowns that delay data and weaken fiscal visibility often encourage central banks to act more cautiously, while rising yields in Japan hint at policy shifts that could ripple through global funding markets.

For crypto, these dynamics translate into speculation over fresh inflows and renewed appetite for volatility.

Bitcoin traded near $118,700, gaining more than 3% in the past 24 hours, while ether rose 5.6% to $4,374. Solana added nearly 7% to reach $223, and dogecoin surged almost 9% to $0.25, extending its outperformance among majors.

XRP steadied at $2.97 after volatile swings around the $3.00 level earlier this week. The broad rally lifted the market capitalization of all digital assets to over $2.37 trillion, per CoinMarketCap data.

Meanwhile, volatility metrics also reinforce the picture of steadier markets.

“The major theme this quarter is with lower implied volatilities, evident across equities, rates, FX, and even BTC. This has been driven by a collapse in realized volatilities thanks to an accommodative Fed, stabilizing global GDP, lack of significant tariff-passthroughs on CPI readings, and a flattening of geopolitics and tariff surprises,” said Augustine Fan, Head of Insights at SignalPlus, said in an email.

With bitcoin consolidating just under $119,000 and dogecoin pushing higher, the coming weeks may show whether flows can sustain momentum or whether renewed pressure from Washington and Tokyo will test crypto’s bid for decoupling.

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October 2, 2025 0 comments

GameFi Guides

Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move

by admin October 2, 2025

Bitcoin, Shiba Inu and XRP are all showing bullish momentum: BTC has reclaimed key EMAs and targets $125,000-$130,000 if it holds above support; SHIB has broken $0.000012 with volume but must maintain strength to avoid retracing; and XRP has reset its outlook by clearing all major EMAs with resistance ahead at $3.00-$3.20.

Bitcoin is back

A recent strong rally that drove the price of Bitcoin (BTC) to $116,800 has put the cryptocurrency back in the public eye and sparked speculation about a possible breakout toward the $130,000 mark. Exponential moving averages (EMAs), which are frequently a sign of increased volatility and decisive actions, are convergent toward the current price, and the recent surge coincides with rapidly aligning technical indicators.

Bitcoin has reclaimed the 100 and 200 EMAs on the four-hour chart, breaking above significant short-term resistance with robust bullish momentum. An impending breakout is indicated by the 20 EMA and 50 EMA aligning near the price level, which further narrows the range. As the market builds pressure before releasing into a new trend, this compression of moving averages usually occurs before explosive moves.

Growing buyer conviction is reflected in the spike in trading volume, which supports the breakout potential. Additionally, momentum indicators show growing strength, and the RSI is above 68 and is approaching overbought territory without exhibiting any overt signs of exhaustion just yet. Bulls continue to hold a firm grip on the market as long as Bitcoin consolidates above $115,000.

If Bitcoin sustains its momentum and breaks through the $118,000 resistance level, the trajectory toward $125,000-$130,000 becomes more feasible. Nevertheless, traders should continue to exercise caution. Even though the technical picture is in favor of bulls, short-term pullbacks could be caused by overextended conditions.

The breakout attempt could be deemed invalid, and sellers could be invited back to the market if the price fails to hold above $113,000. For the time being, it is evident where Bitcoin is headed: EMAs are convergent, volatility is increasing and the stage is set for a possible skyrocketing that could push the price closer to $130,000.

Shiba Inu momentum back

In the short term, Shiba Inu has recovered its momentum, breaking through the $0.000012 level and displaying a robust green candle that suggests fresh buyer interest. The action follows SHIB’s successful break through the 50 EMA on the four-hour chart, a crucial dynamic resistance level that had been limiting price action for the previous two weeks. This technical milestone raises the possibility of an impending breakout.

Volume has increased significantly during the most recent push, suggesting that the rally is supported by real participation rather than just low liquidity. With an RSI of 66, the market is getting close to overbought but still has some upside potential before showing signs of exhaustion.

SHIB’s next obstacle, which is located close to the 100 and 200 EMA levels and grouped around $0.0000125-$0.0000130, is the break above short-term resistance. Still, prudence is necessary. Even with the breakout, SHIB is still trading inside a larger descending structure, and unless higher highs are set, the long-term trend is still bearish.

If momentum is not maintained above $0.0000120, SHIB may retrace and return to support in the range of $0.0000114-$0.0000118. Recent on-chain data, indicating notable declines in exchange reserves — a bullish signal that lessens possible selling pressure — has also influenced market sentiment regarding Shiba Inu.

But as previous rallies have shown, SHIB is still susceptible to steep declines if buyers are unable to maintain pressure.

XRP breaking through

In a single move, XRP broke through several resistance levels on the four-hour chart, putting on one of its best technical performances in weeks. The descending trendline that had restrained the token’s price action since mid-September was bypassed, along with the 20 EMA, 50 EMA, 100 EMA and 200 EMA. A wider recovery was made possible by this single decisive breakout, which broke through almost all of the short-term obstacles in its path.

With its current price around $2.95, XRP has essentially reset its technical outlook. The emphasis now moves to higher time frames, where the next significant obstacle is located between $3.00 and $3.05, since there are no significant obstacles remaining on shorter time frames. With momentum, XRP may move toward the larger descending channel resistance near $3.20 if bulls are able to secure a close above that zone.

This spike occurs at the beginning of Uptober, which is known for producing significant gains on the cryptocurrency market. With both Bitcoin and altcoins achieving above-average returns in previous cycles, October has frequently signaled the start of fourth-quarter rallies. The combination of XRP’s strong breakout and the seasonal effect raises the possibility that market sentiment is shifting in favor of additional upside.

Additionally, volume spikes on the breakout point to real market activity as opposed to a feeble short squeeze. With the four-hour chart’s RSI at 66, it is getting close to being overbought, but not yet overheated, allowing for further short-term momentum.

XRP is now poised for a possible trend reversal after overcoming weeks of consolidation. In keeping with October’s bullish undertones, the asset’s renewed strength is demonstrated by a clean break of five resistances in a single move. XRP might be about to embark on its next phase of recovery if Uptober goes as history predicts.

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October 2, 2025 0 comments

GameFi Guides

Who is David Schwartz, the XRP mastermind who stepped down as CTO after 13 years

by admin October 1, 2025

David Schwartz is leaving his day-to-day CTO role at Ripple but will stay involved on the board and with XRPL projects. His exit comes as Ripple contends with new competition from SWIFT, which teamed up with Ripple’s rival to launch a blockchain ledger for cross-border payments.

Summary

David Schwartz, Ripple’s longtime CTO, will step back from daily duties and join the board while remaining active in the XRPL community.
His work helped shape the XRP Ledger’s design, including a native DEX.
The departure comes as Ripple faces growing competition from SWIFT, which recently partnered with Consensys to build a blockchain-based ledger for cross-border payments.

David Schwartz, one of the engineers who helped build the XRP Ledger, said Tuesday, Sept. 30, in an X post that he will step back from day-to-day duties as Ripple’s chief technology officer at the end of the year and take an emeritus role on the company’s board.

“The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year. I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside.”

David Schwartz

Schwartz’s exit from the operational hot seat is not a clean break, as he pointed out that he plans to stay active in the XRPL community, run independent experiments, and keep coding. As the Ripple CTO explains, the last few months he’s been “tinkering on the side – spinning up my own XRPL node and publishing its output data, researching other use cases for XRP (besides what Ripple is focused on), and more.”

Now, Schwartz will step back from daily CTO duties and join the board, while Dennis Jarosch, senior VP of engineering, takes over day-to-day operations.

“I’m not taking our weekly check-ins off the calendar though… and am glad you won’t be far as you join the Ripple board, continuing to impart your deep crypto wisdom and guidance on what we’re building. Wait…does this mean you’re my boss now!?!”

Brad Garlinghouse, Ripple CEO

The shift caps more than a decade in which Schwartz helped translate cryptography and secure-systems engineering into a live payments ledger. Schwartz’s career in technology stretches back decades.

In 1988, he founded David Schwartz Enterprises, where he invented a hierarchical system for distributing workloads across multiple computers, handled interactions with the USPTO to obtain United States patent 5,025,369, and managed marketing as well as licensing efforts, according to BitcoinWiki.

In early 1998, Schwartz joined WebMaster Incorporated, a Santa Clara software firm, where he worked for 13 years. Starting as director of software development, he designed and managed the reimplementation of the ConferenceRoom chat server and related products. While at WebMaster, he also worked on projects for high-security clients such as CNN and the U.S. National Security Agency, which helped shape how he approaches ledger design and validator rules.

The Ripple era

In 2011, Schwartz joined Ripple as chief cryptographer and became CTO seven years later, in 2018. Technically, Schwartz’s fingerprints are now on features that set the XRP Ledger apart, including transaction costs, confirmation times, and a built-in decentralized exchange, though even Ripple itself has avoided using that DEX for enterprise payment flows because of compliance concerns about unverified liquidity providers, Schwartz acknowledged in an X post.

Those design choices have been central to Ripple’s pitch to banks and payment firms and to ongoing debates about how much of XRPL should be run by corporate engineering versus the broader validator community.

But Schwartz’s departure comes at a critical time for Ripple. The company has been positioning itself as a solution for banks, but recently, SWIFT announced a partnership with Consensys, the developer of Linea and a key backer of Ethereum, to build a conceptual prototype of the ledger, which will leverage SWIFT’s “unmatched resiliency, security and scalability to facilitate transactions using any form of regulated tokenised value.”

As crypto.news reported earlier, the initiative involves more than 30 global financial institutions, including Bank of America, Citigroup, NatWest, Santander, BBVA, BNP Paribas, and HSBC. The shared ledger aims to facilitate transactions in tokenized products, including stablecoins, and will leverage blockchain’s capabilities such as smart contracts, transaction validation, and sequencing.

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October 1, 2025 0 comments

GameFi Guides

XPL, Not XRP: Why Are Whales Shoveling Ripple’s Rival?

by admin October 1, 2025

XPL’s market path
Whales are not enough?

An unknown whale is taking risks on the cryptocurrency market — but not with XRP. Instead, whales’ attention is focused on Plasma, a layer-1 blockchain designed for stablecoin payments worldwide. After depositing 31.52 million USDC into Hyperliquid just 10 hours ago, the whale has since bought 29.27 million XPL, which is approximately $31.13 million.

XPL’s market path

With strong liquidity and high trading volumes, XPL has recently risen on the charts, and this sudden accumulation is igniting speculation about it. CoinMarketCap reports that XPL is trading at $0.94, down 18% for the day, but it has a huge 24-hour volume of $2.49 billion or nearly 147% of its $1.69 billion market cap. XPL is establishing itself as a direct competitor on the payments market, in contrast to XRP, which has been having trouble with resistance levels and low volume.

Source: CoinMarketCap

Plasma aims to create the foundation of a stablecoin-powered financial system by offering customizable gas tokens and zero-fee USDT transfers. Because of this positioning even in the face of price volatility, wealthy investors are placing significant bets on its long-term prospects. The whale’s repeated behaviors imply that it is confident in accumulation at the present rate. Historically, insider confidence in impending developments or longer adoption cycles have frequently preceded such concentrated buying.

Whales are not enough?

But traders need to prepare for more volatility given the token’s recent sharp swings, which include an all-time high of $1.68 just three days ago and today’s retracement. This movement presents an indirect challenge to XRP. Although XPL’s whale-driven surge indicates investor interest in alternative payment-layer solutions, Ripple is still firmly established in traditional financial corridors.

The long-standing dominance of XRP in cross-border settlements may be seriously challenged if Plasma manages to draw in this kind of funding. In summary, it is important to keep a close eye on the shift, where whales are investing in XPL rather than XRP. The sudden whale accumulation and stablecoin-first infrastructure of Plasma could signal the beginning of a larger struggle for relevance in blockchain-based payments.

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October 1, 2025 0 comments