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According to CoinDesk, XRP Ledger developers are testing a new feature that aims to allow the creation of blockchain accounts with an initial balance of zero, with existing accounts bearing the reserve required for new accounts, thereby lowering the financial threshold for payment applications and automated software to create wallets on a large scale. This proposal was submitted on October 15 in the form of a SponsoredAccountCreate transaction proposal.According to current XRP Ledger rules, each account must reserve at least 1 XRP as a reserve, meaning that creating 100,000 independent accounts would require locking up 100,000 XRP. The new proposal intends for sponsored accounts to bear this reserve requirement, and a broader fee sponsorship mechanism in the future could also allow applications to pay transaction fees on behalf of users, but the overall reserve requirement for the network will not be eliminated. This feature is expected to lower the usage threshold for scenarios such as embedded wallets, RLUSD stablecoin payments, and AI agent automated payments.However, the related code is still under review, and the sponsorship mechanism it relies on has not yet gone live on the mainnet. As of October 19, the mechanism has only received 11 votes out of the 35 required validator votes, still falling short of the 29 votes needed for approval.

According to Santiment analysis, wallets holding at least 10 million XRP currently control 46.87 billion tokens, accounting for approximately 68.5% of the total XRP supply, which is the highest share for this group since November 2022. The key signal is that even as XRP struggles around $1.29, these large holders continue to increase their exposure, indicating that their confidence remains strong beneath the price movements. If retail investors continue to capitulate, it will create a more bullish pattern.Santiment believes that $1.30 is a recent pivot point, while $1.50 is a stronger confirmation level. If the price remains above $1.20 and the whale balances stay near record levels, the accumulation logic will remain intact; if it recovers to $1.50 and whale holdings further increase, it will significantly strengthen the case for a larger-scale recovery of XRP.

According to an official announcement from Ripple, Bank of New York Mellon (BNY) has supported XRP and the US dollar stablecoin RLUSD on its digital asset custody platform. Eligible institutional clients can custody, hold, and transfer related assets through this platform. The two parties are further expanding their digital asset collaboration based on the existing RLUSD reserve custody and Ripple Prime custody partnership.BNY plans to expand support for tokenized assets and investment products on the XRP Ledger (XRPL) and collaborate with Ripple, allowing clients to directly mint and redeem RLUSD through BNY in the future. Additionally, both parties are exploring XRPL-based supply chain financing solutions with the working capital platform C2FO, tokenizing trade financing assets such as accounts receivable to broaden investor participation channels.

According to CoinDesk, XRP treasury company Evernorth plans to raise approximately $80.7 million through a committed equity financing arrangement with a subsidiary of Cantor Fitzgerald, with funds intended for general corporate purposes, including the purchase of XRP. The company currently holds approximately 473 million XRP.Evernorth's SEC filing submitted on October 23 shows that the company has the right to sell up to approximately 5.219 million shares of newly issued common stock in batches to CF Principal Investments after meeting certain conditions. Based on the closing price of $15.46 per share on October 22, this corresponds to approximately $80.7 million; the actual financing amount depends on the number of shares sold and the transaction price, and does not represent completed financing or coin purchases.

Ripple announced that Aviva Investors, the asset management company under the UK insurance group Aviva, has launched tokenized shares of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger. The fund has an asset management scale of approximately £22 billion, making it the largest fund of Aviva Investors; this is the second existing fund to complete tokenization after the company launched the tokenized shares of the US dollar liquidity fund in July 2026.Currently, the total investment in the two tokenized shares exceeds $116 million, with Aviva having invested $66 million in the new shares. The fund is a UCITS money market fund registered in Ireland, utilizing a "digital twin" model that maps holdings on-chain while maintaining an off-chain fund structure; the underlying assets are custodied by BNY Mellon, with Komainu and Licuido providing digital asset custody and tokenization platform support, open to qualified investors holding digital wallets.

Crypto analyst Ali stated that currently, $1.26 may be the lower boundary of the price channel formed by XRP since August. If this support level is broken, the price may first drop to $1.11, and further decline could reach $0.98, about 22% lower than $1.26. Ali believes that if whales continue to sell off, the price of XRP could drop to $0.98.Data shows that in the past few weeks, the number of wallets holding 10 million to 100 million XRP has decreased from 351 to 339; meanwhile, the amount of XRP held by exchanges has increased from 11.003 billion to about 11.05 billion, an increase of about 50 million, and has remained high over the past week, which may indicate increased potential selling pressure.

According to CoinDesk, asset management giant Franklin Templeton recently added approximately 150 million dollars worth of tokenized money market fund shares to the XRP Ledger (XRPL), increasing the total supply of sgBENJI tokens on the network from about 48 million to 193 million.Based on the transaction record of 1.039 dollars per share, the total value is approximately 200 million dollars.

Analyst Darkfost stated that recently, the activity of XRP whales has significantly increased, and selling pressure has notably risen. Data shows that, based on the definition of whales as addresses with single transactions exceeding 1 million XRP, the monthly inflow amount to Binance from such addresses has increased by approximately $72 million since August, reaching $112.4 million, the highest level since March of this year, surpassing the average of about $90 million over the past three months.During this period, the daily inflow amount even exceeded $400 million at one point. Darkfost pointed out that this change coincided with XRP rebounding over 30% since August, indicating that some large holders may be taking the opportunity to realize profits. Currently, the scale of whale inflows to exchanges has returned to more typical levels, showing that the related selling pressure has eased. However, subsequent trends may still change rapidly with fluctuations in XRP prices, and the flow of whale funds remains a market indicator worth monitoring.

According to CoinDesk, the patch for the XRP Ledger vulnerability was delayed until November as the number of validator supports dropped to 26 (out of a total of 35), resetting the countdown timer for its effectiveness.Currently, the number of supports has risen back to 31, but due to the need to recalculate the two-week countdown, this fix has missed the originally impending effectiveness window.

Digital asset treasury company Evernorth Holdings, Inc. and SPAC company Armada Acquisition Corp. II announced that the U.S. Securities and Exchange Commission (SEC) has declared the S-4 registration statement related to their proposed business combination effective. This registration statement covers up to 11,499,992 shares of Class A common stock that may be issued and sold upon the exercise of warrants, calculated at an exercise price of $11.50 per share, corresponding to a scale of approximately $132.2 million.According to the arrangement, Armada shareholders registered as of August 20, 2026, will hold a special meeting on September 30, 2026, to vote on the transaction. If the transaction is approved and customary closing conditions are met, the combined company is expected to be listed on Nasdaq under the ticker symbol "XRPN," with the transaction anticipated to be completed by the end of the third quarter or the beginning of the fourth quarter of 2026. Asheesh Birla, founder and CEO of Evernorth, stated that the effectiveness of the registration statement is an important milestone in completing the proposed business combination.Evernorth is positioned as a digital asset treasury company aimed at building institutional-level XRP economic exposure, planning to deploy funds into the XRP ecosystem through strategies designed to enhance the per-share XRP holdings. Its investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.

Further analysis reveals that the activities of whales (large holders) are weakening. The 90-day moving average of whale outflows for XRP has dropped to $4.97 million, the lowest level since October 2021. CryptoQuant believes that this lack of whale interest may indicate that large investors are waiting for more advantageous buying prices, thus delaying the increase of their market exposure. From a long-term perspective, this suggests that XRP may lack buying support in the absence of whale backing.In a broader market context, the investor group for Bitcoin (BTC) also showed signs of retreat in October. According to a report by Glassnode, Bitcoin's realized profit-loss ratio fell from 0.8 to 0.4, a decrease of 50%. This change indicates that market participants are shifting from aggressive trading to a more stable sentiment, reducing profit-taking activities and reflecting a shift in market sentiment.

The XRP Ledger vulnerability fix package named fixCleanup3_4_0 is expected to officially take effect around 09:34 UTC on October 23. This fix package has received votes from 29 validators, surpassing the threshold of over 80% approval among the network's default 35 validators, and must be maintained continuously for two weeks. The countdown has been ongoing for nine days. Since there is no margin in the vote count, if any validator withdraws support, the countdown will restart.This fix package partially addresses the unsecured lending system that Ripple has been promoting to banks and payment companies since June, but this system has not yet been activated. Currently, the lending amendment has only 19 votes, and the vault amendment for holding funds has 21 votes, neither of which has started the countdown. Therefore, even if both reach 29 votes today, the lending function will not be available until early November at the earliest.As designed, lenders will deposit XRP or other tokens into the vault, and loan brokers will then lend out the funds for a fixed term. The ledger is responsible for recording the loans and tracking repayments, while brokers assess the borrower's qualifications off-chain. Since borrowers do not need to provide collateral, the broker's judgment becomes the only guarantee for lenders against default losses. Ripple has promoted this scheme to payment companies that need liquidity during cross-border settlement. Additionally, the fix package also closes a vulnerability that allowed accounts authorized to destroy tokens to create new tokens under specific conditions and adjusts the rounding of vault amounts as well as the rules for determining loan overdue and default.

Clearpool announced the 2026 v4 protocol whitepaper and stated that its institutional credit market has been operating on multiple EVM-compatible networks and is further expanding to the XRP Ledger. The whitepaper reveals that the institutional credit protocol will collaborate with Ripple and Cicada Partners to expand to the XRP Ledger for the settlement of the regulated stablecoin RLUSD, and will migrate the token from CPOOL to the new token CLEAR at a 1:1 ratio.The total supply of CLEAR is 1.429 billion tokens, with 1.125 billion tokens in circulation at the time of migration, accounting for 78.75%; this migration and the XRPL expansion have been approved through Snapshot voting, with a support rate of 97.16%. Since its operation began in 2021, the protocol has issued loans totaling approximately $965 million, with borrowers including Jane Street, Flow Traders, and Wintermute, and currently supports six EVM chains. 50% of the protocol fees will be used for open market repurchases and permanent destruction of CLEAR. XRPL products are preparing for testing on Devnet.

According to SoSoValue data, yesterday (Eastern Time October 16), the total net outflow of XRP spot ETF was $2.4734 million.Yesterday, only the Canary XRP ETF (XRPC) had a net outflow, with a single-day net outflow of $2.4734 million, and the historical total net inflow currently stands at $484 million. As of the time of publication, the total net asset value of the XRP spot ETF is $1.471 billion, with an XRP net asset ratio of 1.79%, and the historical cumulative net inflow has reached $1.8 billion.

According to SoSoValue data, the total net outflow for the U.S. XRP and ZEC spot ETFs was $104,500 and $14,763,300 respectively, with a total net outflow of $14,867,800; the NEAR spot ETF had a total net inflow of $1,126,000 for the day.For XRP, the Franklin XRP ETF (XRPZ) had a net inflow of $3,644,800 for the day, with a historical cumulative net inflow of $513 million; the Bitwise XRP ETF (XRP) had a net outflow of $3,749,400 for the day, with a historical cumulative net inflow of $685 million. As of the time of writing, the total net asset value of the XRP spot ETF was $1.528 billion, with a net asset ratio of 1.81%, and a historical cumulative net inflow of $1.803 billion.For ZEC, only the Zcash ETF (ZCSH) recorded a net outflow for the day, amounting to $14,763,300, with a historical cumulative net inflow of $164 million. As of the time of writing, the total net asset value of the ZEC spot ETF was $674 million, with a net asset ratio of 3.21%, and a historical cumulative net inflow of $164 million.For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net inflow for the day, amounting to $1,126,000, with a historical cumulative net inflow of $80,440,700. As of the time of writing, the total net asset value of the NEAR spot ETF was $8,612,500, with a net asset ratio of 1.24%, and a historical cumulative net inflow of $80,440,700.

According to Cryptoquant data, the cumulative amount of XRP flowing into Binance from whales in the past 30 days has risen to 1.669 billion, reaching a new high in 7 months, surpassing the level of approximately 1.65 billion in September, indicating that the activity of large holders transferring XRP to trading platforms has intensified recently.The increase in whale inflows may raise the tradable supply of XRP on trading platforms, and if large holders choose to sell, it could increase market selling pressure. However, inflows do not necessarily indicate an imminent sell-off; they may also involve wallet rebalancing or the use of other trading services on Binance. This indicator alone cannot determine the future price trend of XRP; it still requires observation in conjunction with net flow, trading volume, and price changes.

According to BBX data, yesterday global publicly listed companies in the U.S. disclosed their latest accounts regarding digital asset treasury allocations and institutional-level ecosystem deployments. The core updates are as follows:Strive invests an additional $235 million to acquire 2,822 BTC, total holdings exceed 35,000: Strive, a publicly listed Bitcoin treasury company, announced via social media that as of Tuesday local time in the U.S., it has once again utilized $235 million to purchase 2,822 Bitcoins in the secondary market. Following this large-scale acquisition, Strive's total Bitcoin holdings have significantly increased to 35,595 BTC.Evernorth (NASDAQ: $XRPN) partners with four major institutions, deploying $648 million in XRP starting in the fourth quarter: Evernorth, which has just completed its Nasdaq reverse merger, announced that it has officially selected Ripple, Kraken, Coinbase, and BitGo as its first institutional strategic partners. The company plans to fully deploy approximately 473 million XRP (valued at about $648 million at current market prices) held in its treasury starting in the fourth quarter of this year, to deepen its liquidity provision and infrastructure development within the XRP ecosystem.

According to The Block, Evernorth, which holds an XRP treasury and is listed on Nasdaq, announced that it will begin deploying its XRP holdings through an "institutional strategy" starting in the fourth quarter, with initial partners including Ripple and cryptocurrency exchanges Kraken, Coinbase, and BitGo.The company currently holds 473 million XRP, valued at approximately $648 million at current prices. Two days before this announcement, Evernorth began trading on Nasdaq under the ticker XRPN after completing a deSPAC merger with Armada Acquisition Corp. II.Founder and CEO Asheesh Birla stated that the company is putting its treasury to work and is choosing to start with strong institutional trading counterparts within the industry. Evernorth's goal is to generate returns from its XRP holdings and increase the per-share holdings, rather than simply pursuing accumulation; the announcement did not specify how much XRP will be deployed. The company also plans to expand into lending and on-chain DeFi strategies once relevant features on the XRP Ledger are available.This strategy is led by newly appointed Chief Investment Officer Hugo Jeandesboz, who previously served as Co-Chief Investment Officer at Coinbase Asset Management. Jeandesboz stated that this requires a set of treasury strategies, a risk framework, and counterparties that can be clearly explained to the board of directors of the listed company. The XRPN stock price has remained relatively flat since opening at $16.68 on Monday, closing at $16.48 on Tuesday, and slightly rising to $16.6 in after-hours trading.

Ripple announced the integration of the wallet technology from Privy, a subsidiary of Stripe, into the XRP Ledger, allowing financial applications and AI agents to create accounts, hold cryptocurrency assets, and complete payments without users needing to manage wallet software themselves. Developers can create wallets within their own products and authorize transfers involving XRP, the US dollar stablecoin RLUSD issued by Ripple, and other network assets. Privy is responsible for the wallet infrastructure, reducing the workload for application developers while supporting the export of private keys or mnemonic phrases for wallet migration to other platforms.This integration also allows AI agents or automated bots to hold funds and automatically pay for online data and service fees. Privy documentation states that wallets running on enterprise servers can allow software to hold and spend funds, including purchasing data access services through the x402 payment standard. J. Ayo Akinyele, head of engineering at RippleX, stated that the network has processed over 13 million agent payments via x402, accounting for about 25% of ledger activity. Data from the XRPL AI Hub operated by payment infrastructure developer t54 shows that as of Wednesday, cumulative transactions exceeded 14.3 million, covering 169 registered merchants.However, the cumulative transfer amount is much smaller than the scale suggested by the number of transactions, with the dashboard recording cumulative payments of approximately 6,991 XRP and 12,752 RLUSD, most transaction amounts being very small. Ripple began providing related tools to developers in June and expanded support for payment standards developed by Stripe and payment blockchain Tempo in September.

According to CoinGlass data, in the past 24 hours, 10 exchanges have liquidated approximately $803 million in leveraged positions, with long positions accounting for $694 million, representing 86%, affecting a total of 172,100 traders. About $595 million, nearly three-quarters of the total for the day, was liquidated in the last 12 hours, as the South Korean KOSPI index fell by more than 6%, and Bitcoin briefly dropped below $81,000. The largest single liquidation was a $9.65 million Bitcoin long position on Binance, which was forcibly closed at around $81,773, with Binance accounting for half of the total liquidation volume.Bitcoin topped the list with $181 million in liquidations, followed closely by Ethereum with $178 million, despite its market capitalization being much smaller than Bitcoin's; SOL positions lost $60 million, ZEC $24 million, and NEAR $22 million. Stock-related contracts then made the list, with perpetual contracts tracking U.S. storage chip manufacturer SanDisk liquidating $19.09 million, slightly above HYPE's $19.04 million and XRP's $18.78 million. These perpetual contracts allow traders to bet on stock prices without an expiration date on cryptocurrency exchanges, with contracts for SK Hynix, Micron, and the triple-leveraged U.S. semiconductor ETF SOXL also appearing on the heatmap, with SOXL liquidating $7.21 million.The aforementioned losses coincided with a sell-off in the Seoul market, where Samsung Electronics and SK Hynix each fell by about 8%, as the market worried about AI-related valuations and competition from Chinese storage chip manufacturers.