XRP/BTC pair shows signs of weakness after failed breakout attempts

XRP price is on edge after a major bear signal appears on XRP/BTC chart.

• Double-top. XRP/BTC is now signaling potential exhaustion.

XRP’s bid to prove itself against Bitcoin has run out of steam, and the charts are starting to make that clearer with each passing week. What initially looked like the start of a major breakout on the XRP/BTC pair now resembles the shape of a double top, a formation that typically indicates weakness rather than strength and basically says that the trend is exhausted.

• Key support at risk. XRP/BTC is now hovering near 0.00002200 BTC.

The rally that began earlier this year lifted XRP above its 200-week average. For a moment, it seemed like the token might chip away at Bitcoin’s lead. The price pushed into the 0.00003200 BTC region twice, only to be rejected both times, sending the pair back toward familiar support levels.

The inability to extend higher after those attempts has left 0.00002200 BTC as the line to watch, because, historically, once this level is lost, the structure usually breaks toward 0.00002000 BTC. Moving averages flattening across the board add weight to the argument that the upside potential has been spent.

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Ripple projects $16 trillion in crypto custody by 2030

The five-year tokenization market prediction sparks interest.

• 2030 forecast. Ripple predicts 10% of global assets will be tokenized by 2030.

In its recent tweet, Ripple shared a five-year prediction for the tokenization market, stating that by 2030, 10% of global assets are expected to be tokenized. Digital asset custody is anticipated to drive this adoption surge, with crypto assets under custody projected to reach $16 trillion by 2030. 

• Ripple Custody adoption. Société Générale FORGE issues EURCV (EUR-backed stablecoin) on XRP.

Custody, a core safekeeping capability, is the bedrock of institutional digital asset services ranging from tokenized real estate and treasuries to stablecoins and cryptocurrencies.

In this light, Ripple Custody is gaining momentum. Société Générale FORGE, the crypto arm of French financial services company Société Générale, is issuing its EURO-backed stablecoin EURCV on XRP Ledger using Ripple Custody, while BDACS in South Korea custodies Ripple’s stablecoin Ripple USD (RLUSD).

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DOGE confirms golden cross as ETF launch nears

DOGE price has risen since start of week.

• Golden cross confirmed. DOGE’s four-hour chart shows short-term MA crossing above long-term MA, a bullish signal.

Dogecoin recently confirmed a golden cross on its four-hour chart, which happens when the short-term moving average crosses over the long-term MA. The golden cross has coincided with a price increase for Dogecoin, as it is up 24% on a weekly basis.

The emergence of a golden cross invalidated a death cross, which appeared on the four-hour chart at the close of August, following which Dogecoin’s price saw a period of lackluster trading. Dogecoin’s price has risen since the start of this week, when the likelihood of a Dogecoin ETF in the U.S. began to emerge.

• ETF update. Bloomberg’s Eric Balchunas says DOJE has been delayed again.

Late Thursday, Balchunas stated in an X post that DOJE has been further delayed and might launch sometime next week, hinting at a Thursday launch. Earlier this month, the DOJE ETF won approval under the Investment Company Act of 1940, a framework typically used for mutual funds and diversified ETFs.

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Ex-Wall Street trader sparks debate over alleged Bitcoin wallet thefts

Josh Mandell claims that quantum computing is already in use, and it is helping “a large player” to steal old Bitcoins.

• Josh Mandell’s claim. The former Salomon Brothers and Caxton trader alleges that long-dormant BTC wallets are being secretly drained.

Former Wall Street trader Josh Mandell has made waves on the X social media platform by claiming that old Bitcoins are currently being stolen from long-dormant (“deceased”) wallets. Mandell, who gained a lot of prominence earlier this year with his extremely prescient Bitcoin price prediction, argues that the tech is being secretly used by a “large player” to accumulate more BTC without using the market.   

The former Salomon Brothers and Caxton Associates trader believes that on-chain analysis remains the only obstacle given that it would be capable of detecting such patterns. 

• Industry pushback. Harry Beckwith (Hot Pixel Group) dismissed the claim

“There is literally no chance this is currently happening,” Harry Beckwith, founder of Hot Pixel Group, said in a social media statement. Matthew Pines, executive director at Bitcoin Policy Institute, claims that Mandell’s assumption is “false.”

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Ripple has expanded its European footprint by joining forces with Spanish banking giant BBVA to introduce a digital asset custody service.

Announced on Sept. 9, the initiative extends Ripple’s institutional custody platform into Spain, giving BBVA the tools to store and manage cryptocurrencies and tokenized assets securely.

BBVA can scale its digital asset offering by deploying Ripple’s custody technology while staying within strict regulatory and security standards. The service positions the bank to meet rising demand from customers who want direct access to crypto without relying on third-party intermediaries.

This move comes as BBVA rolls out retail services for Bitcoin and Ethereum trading and custody in Spain. The bank’s customers can now buy, sell, and hold the two top cryptocurrencies directly through its mobile application.

BBVA said it has disclosed the new retail offering to Spain’s National Securities Market Commission (CNMV).

The bank stressed that all services are designed to comply with the EU’s new Markets in Crypto-Assets (MiCA) law, meaning customers initiate transactions themselves through the app.

MiCA compliance

Ripple’s European managing director, Cassie Craddock, said these developments reflect the market impact of MiCA among traditional European banks. With MiCA now in place, she explained, banks across the bloc feel more confident about launching digital asset services that customers have requested.

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BBVA executives echoed this sentiment, while adding that the partnership allows the bank to expand its end-to-end crypto services

Francisco Maroto, who leads BBVA’s digital asset unit, noted that Ripple’s custody system offers the operational reliability and security needed to build customer trust.

He added:

“Through this agreement we can deliver on our goal of supporting our customers to explore digital assets, backed by the strength and security of a bank like BBVA.”

This collaboration follows earlier projects between Ripple and BBVA in Turkey and Switzerland.

Notably, BBVA’s Switzerland had previously collaborated with Ripple-owned Metaco to build its digital asset operations in 2023.

Mentioned in this article

David Schwartz, chief technology officer at Ripple, has praised Xaman, a popular XRP wallet, for swiftly reacting to a large-scale supply chain attack on the Node Package Manager (NPM) ecosystem. 

A reputable developer’s NPM account was recently compromised, and widely JavaScript packages ended up being infected with malicious code. 

The malware specifically targets cryptocurrency wallets such as MetaMask in order to redirect the funds of uninitiated crypto users to the attackers by secretly swapping addresses. 

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As reported by U.Today, Ledger CTO Charles Guillemet has urged crypto users who do not have hardware wallets with clear signing to temporarily stop conducting on-chain transactions. 

Xaman’s reaction 

The team behind the Xaman wallet immediately conducted an audit, which showed that it was safe for users. 

XRPL Labs co-founder Wietse Wind Supply has noted that chain attacks are becoming “more and more common.”

At Africa Crypto News this week, Ripple Crypto continues to expand its global presence in several partnerships, expanding its use of Stablecoin in Africa. Behind Ripple, among the most valuable coins is the XRP Crypto, far beyond Ada Crypto or Dogecoin Meme Coin. Ripple is also the publisher of RLUSD, a Stablecoin targeting agency.

On the West Coast, the Nigerian Senate is working with the national Blockchain Association to develop more crypto regulations. As cryptography adoptions take up steam, more countries in Africa are trying to regulate it. Kenya has made significant progress, and South Africa is ahead of the line as far as crypto regulations are concerned.

https://www.youtube.com/watch?v=_xekjrrn2ca

Meanwhile, a chain dialysis study found a +52% increase in code usage in sub-Saharan Africa for the 12 months ended June 2025. More and more people are choosing mainly bitcoin and stupid things as hedges against local currency volatility and inflation.

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Let’s take a look at these stories that make headlines for the continent this week:

Ripple Crypto News: RIPPLE Partners Fintechs promotes adoption of RLUSD

I have Ripple Expansion RLUSD stubcoin range on the African continent through partnerships with Chipper Cash, Valr and Yellow Cards.

RLUSD has a market capitalization of $799 million, and will provide a medium for humanitarian efforts to make cross-border payments more efficient.

(sauce: Co Ringecko))

Jack McDonald, senior vice president at Stablecoins, said he is excited to start rationing in Africa and is paying attention to the adoption of its worldwide.

“There is demand for RLUSD from customers and players from other institutions worldwide, and we are excited to start distribution in Africa through local partners. RLUSD has recently made it possible to pay for RIPPLE.

Local partnerships open up local markets where these payment platforms have achieved impressive growth rates.

(sauce: Whale Cinder, x))

Ripple is still looking to gain potential years after a problematic conflict with US regulators. XRP ▲0.91%.

24 hours7d30D1Yeverytime

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Nigeria’s Crypto News: Senate is trying to create a replacement regulatory framework

Cooperation between the Nigerian Senate Committee on Capital Markets and the National Blockchain Association Create a better framework for regulating crypto exchanges.

Nigeria generally passed the capital markets law at the beginning of the year. Still, it takes more work to fine-tune the regulatory landscape. Once completed, this move can increase some flow Best Meme Coin ICO.

Obinna Iuno, president of the Blockchain Association, spoke about the need for Nigeria to seize the moment in her presentation to the committee.

“Here in Nigeria, we can’t afford to take the back seat after ranking second worldwide for cryptocurrency adoption….

Nigeria has been in a romantic relationship with the industry for the past few years.

I remember when Binance P2P was king of Nigeria,

After that there was a limit.

We jumped to Bibit etc.

P2P has become hell.
Fried funds
Blind
Breakfasts

For months, trading crypto felt like a punishment.

Recently I’ve been able to find out… pic.twitter.com/dksn5ydh3u

– defi bee (@defibee1_) August 21, 2025

However, the gradually emergence of clarity of regulations provides optimism of future certainty.

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African Crypto News: Chain Orisis Report points to a surge in crypto adoption

Cryptographic use in sub-Saharan regions I’ve grown +52% in the 12 months ending in June 2025.

This discovery was a study of chain analysis at a blockchain analytics company. Asia and Africa have had some of the most impressive increases in use, which was a factor in the global increase.

https://www.youtube.com/watch?v=_micxhhmxha

Spike has seen some of its key assets increase due to increased remittances and daily payments. The best cipher to buy. Most African countries have unstable currencies. So, unofficial encryption has steadily grown over the past decade to close the gap.

This opportunity is clear for crypto stakeholders like exchange operators. They can fill the gap in a timely manner by providing low-cost transactional media to users across the continent.

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Ripple has identified Africa as the next major growth market for its US dollar-backed RLUSD stablecoin.

On Sept. 4, Ripple announced that it has partnered with fintech firms Chipper Cash, VALR, and Yellow Card to make RLUSD more widely accessible across the continent.

This initiative marks Ripple’s latest move to position RLUSD as a practical tool for payments and settlements in regions with limited access to reliable financial infrastructure.

Already, Ripple is using the digital asset for social impact projects across the continent.

In Kenya, one program focuses on climate-related challenges, where Ripple provides drought insurance by holding funds in escrow accounts that are automatically disbursed to farmers when satellite data indicates severe water shortages.

A second pilot applies the same principle to rainfall, offering payouts when flooding or heavy storms disrupt livelihoods. Both projects use smart contracts to guarantee transparency and speed, reflecting how stablecoins can serve purposes beyond trading and speculation.

Jack McDonald, Ripple’s senior vice president for stablecoins, said the token has already carved out a role in institutional use cases. These range from payment solutions and tokenization projects to serving as collateral in both crypto and traditional markets.

He added:

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“We’re seeing demand for RLUSD from our customers and other key institutional players globally and are excited to now begin distribution in Africa through our local partners.”

Since launching earlier this year, RLUSD has gained momentum, reaching a market capitalization of more than $700 million.

Africa’s stablecoin market

Ripple’s push comes when stablecoins are becoming more prominent on the African continent.

A recent study from Yellow Card found that stablecoins made up 43% of crypto transaction volume in Sub-Saharan Africa.

Another report from the International Monetary Fund estimated that stablecoin flows reached nearly 7% of the region’s total GDP for last year.

According to these reports, stablecoins have become the backbone of digital asset activity on the continent as businesses and individuals increasingly rely on them to bypass foreign-exchange shortages, reduce settlement delays, and perform international transactions.

The reports showed that Tether’s USDT plays a dominant role on the continent, processing more than half of the total transactions.

Mentioned in this article

Enterprise blockchain company Ripple has minted an additional 10 million tokens, according to the most recent data. 

This is the first minting event that has been recorded so far during September. 

Prior to this, Ripple issued an additional 15 million tokens on Aug. 29. 

Last August, the company minted a total of 60 million tokens, with the vast majority of these tokens being launched on the Ethereum network. At the same time, 20 million RLUSD tokens were burned (permanently removed from circulation) during the same period of time, meaning that there were an additional 40 million RLUSD tokens. 

$700 million milestone 

According to CoinGecko data, the market cap of RLUSD currently stands at $711 million. 

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It took Ripple a little over a month to add an additional 200 million tokens. As reported by U.Today, the highly regulated stablecoin, which was initially launched in December, managed to surpass $500 million in total assets in late July. 

Top 5 remains out of reach 

As reported by U.Today, Ripple executives have repeatedly stated that they had aimed to reach the top 5 of the biggest stablecoins by the end of the current year. 

However, this target remains far-fetched for the stablecoin despite Ripple’s latest minting spree. 

RLUSD is on track to record PAX Gold (PAXG), which currently has a market cap of $1 billion. 

Ripple’s stablecoin will also have to catch up with PayPal’s PYUSD, which currently boasts a market cap of nearly $1.2 billion. 

After this, RLUSD would have to surpass six more stablecoins in order to break into the top 5, which does not seem feasible in 2025. 

The XRP community has been paying close attention to Ripple’s Chief Technology Officer, David Schwartz, as he continues to share details about his latest project. Based on a recent post on X, Schwartz signaled a development that could soon move beyond testing and into production. To accompany his update, he shared performance charts that provide a glimpse into how the system has been running in the past few days.

Ripple CTO Prepares XRPL Hub For Production

David Schwartz revealed on the social media platform X that the XRPL Hub server he has been testing is close to being ready for production. Schwartz explained that the past three days of performance have been encouraging, and stability levels are now high enough for the hub to be considered for wider rollout next week. 

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 Schwartz had previously revealed his plans to create a high-performance hub that sets aside special connection slots for UNL validators, important nodes, and servers that run XRPL-based applications. The hub is designed to strengthen XRPL’s connectivity by improving reliability for peers and validators, while also providing developers with a consistent gateway into the network.

In his update, Schwartz noted that the server has been stable since its restart five days ago. According to the metrics he shared, the hub has been maintaining a peer count that has steadily increased from around 300 connections earlier in the week to over 357 peers at the most recent check. This consistency indicates that the server is successfully handling traffic across the XRPL ecosystem.

What’s Next For The Hub?

Schwartz noted that the system had shown strong performance over the last three days, enough for him to consider transitioning it into production as early as next week. However, the monitoring data showed occasional latency spikes, which Schwartz linked to higher outbound bandwidth usage. These spikes did not occur every time bandwidth rose, and this makes the pattern somewhat puzzling but not alarming. 

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On the other hand, latency stayed well below levels that would impact real-world performance, with the 10% latency line never exceeding 33 milliseconds since the restart. The broader latency averages are comfortably within acceptable ranges. 

Even at peaks, the bandwidth usage is within safe capacity. Peer disconnections, which saw spikes earlier in the week, have since normalized to an average around 17 per interval. Together, these metrics underline that the system is stable and capable of supporting a wider role within the XRPL ecosystem as Schwartz prepares for the next stage.

Reactions to Schwartz’s update on X show that the XRPL community is closely tracking the hub’s development, and many XRP enthusiasts have welcomed the prospect of a production-ready rollout. If all goes well, Schwartz should be able to give a definitive update regarding production next week. Schwartz had clarified that this hub is a personal project he has been building independently, separate from his work as CTO at Ripple.

Featured image from Getty Images, chart from Tradingview.com