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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. 

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

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Despite recent Volatility and price fluctuationsXRP exceeds key support levels, with technical indicators suggesting possible breakouts. Daily time frames, especially Relative Strength Index (RSI)shows that the XRP Bull is regaining strength and paving the way for potential moves above $3.60.

RSI is bullish as XRP’s eyes are high

In his latest analysis of X social media, Crypto Market expert Dark Defender It’s attracting attention The price structure of that XRP is Stabilizes on top of the required support zonethe $2.85 level has emerged as a key point in the current cycle. The $2.85, previously identified as strong support, has been reversed to a barrier to resistance.

Related readings

A sustained push beyond this threshold could unlock a path to $3 or later, and ultimately sets a potential retest phase of the $3.6 resistance line. At the time of writing, the XRP costs $2.87. In other words, a surge above $3.60 represents a significant increase of over 25%.

On the daily charts, XRP is complete Corrective ABC Patternthe bounce from the recent 2.74 level indicates the beginning of a new upward wave. The RSI indicator is beginning to be upward Excessive conditionsthe momentum to purchase signaling updates. This bullish divergence strengthens the case of a Potential breakout rallyif the price maintains scaffolding above the retracement level of 23.6% and 38.2%.

Currently, momentum indicators suggest that the next target for XRP is in the $2.85 and $3 zones, which could increase if the volume supports movement. Dark Defender analysis still shows that XRP price action remains Slowly integrateits structure continues to match the bullish technical signal, further strengthening the expectations of upside down at a near stage.

Analysts will issue warnings as XRP Exchange reserves spikes

Crypto analyst Greg Miller has it announcement xThat XRP Exchange Reserves It has skyrocketed for the first time in a year – development, which is often interpreted as a sign Sales pressure. The sudden increase in reserves suggests that more tokens are being moved to the centralized platform, as investors may be preparing for liquidation.

Related readings

Cryptoquant’s chart reveals a clear difference between XRP exchange holdings and price action. Cryptocurrency consolidates the $2.7-$2.9 range, but reflects a sharp increase in reserves Investors are increasingly paying attention. Historically, similar trends have preceded price adjustments. Previous failure of XRP From the $2.74 level, make sure the bearish momentum isn’t completely dissipated.

According to Miller, the spike in reserves poses a significant risk in September. some Technical support upside breakouta fierce supply of exchanges can limit profits to the upper limit early and stall meaningful gatherings. Without a surge in demand to absorb the inflow, Miller argues that there is unlikely to recover to XRP over $3.

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Stellar’s native token, XLM, posted a 2.32% gain in the 24-hour window from September 7 at 09:00 to September 8 at 08:00, climbing from $0.36 to $0.37. The cryptocurrency traded within a narrow $0.01 band, with lows at $0.36 and highs at $0.37, marking a 2.66% intraday range.

Trading activity peaked at 14:00 on September 7, when 129.15 million tokens changed hands. Analysts note that maintaining support above $0.36 reflects sustained institutional buying interest, a trend that has underpinned the asset’s recent stability.

For Stellar, Paxos’ entry into its ecosystem marks a strategic milestone. With a decade of experience in regulated stablecoin issuance and a recent acquisition of Molecular Labs, Paxos is positioning USDH to comply with both the GENIUS Act and Europe’s MiCA regulations.

While ongoing debates around the GENIUS Act create some uncertainty, analysts say Stellar’s ability to hold above the $0.36 support level leaves room for further upside. Technical indicators suggest that a push beyond the $0.37 resistance could open the door to additional gains, supported by institutional flows and strengthening corporate confidence in blockchain-based financial infrastructure.

Market Analysis Points to Continued Corporate Interest

• XLM established a defined trading range between $0.36 support and $0.37 resistance during the 24-hour observation period.
• Peak trading volume of 129.15 million units at 14:00 on September 7 reinforced price support at the $0.36 threshold.
• Sustained trading activity above $0.36 suggests ongoing institutional accumulation and potential for additional price appreciation.
• Final hour trading data from September 8, 07:24 to 08:23, showed volume exceeding 2.5 million units supporting the advance to $0.37.
• Technical indicators point to established support at $0.36 with upward price channel formation suggesting continued bullish sentiment among institutional investors.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

In him latest In a daily technical outlook, Cryptowzrd emphasized that Bitcoin has closed the day with its tombstone doji, and is above a critical level. Analysis shows that to maintain momentum and push prices up to $120,000, you need a more bullish candle resistanceespecially as the market is fighting against the underlying pressures that are underway.

Despite the weak NFP print, fundamentals support Bitcoin

Cryptowzrd emphasized that Bitcoin’s daily candles are closed for indecisiveness and show uncertainty as the market evaluates its next move. Despite this indecisiveness, BTC has surpassed the key level of $110,500, which continues to function as a strong support zone. This level remains important in determining whether you are bullish or not. Momentum It can be maintained in the short term.

Related readings

Analysts noted that Bitcoin remains at a bullish edge in the face of lower than expected NFP prints caused by the basic commentary. This development suggests a wider market Feelings It still supports BTC, and its technical strength is strengthened by macroeconomic factors.

From a weekly standpoint, traditional markets have been shut down with bullish memos, further supporting the potential benefits of Bitcoin. However, to solidify confidence in a rally heading towards a $120,000 resistance level, you need a series of consecutive bullish daily candles. Without this confirmation, the market remains a retention pattern, leaving room for volatility and short-term swings.

On the downside, he warned that if Bitcoin falls below $110,500 by the middle of the week, it could open the door deeper Correctionpotentially testing a support zone of $100,000. Such movements will shift and increase market dynamics Sales pressure It creates strategic opportunities for traders to position for short-term downside plays.

Over the weekend, Cryptowzrd will ensure that your current position is above $110,500, while closely monitoring low frame charts to identify viable scalp opportunities.

Intrinsic volatility driven by NFP and market foundations

Conclusion of his analysis, analysts highlighted that BTC’s intraday charts are volatile and affected by recent basic commentary and lower NFP prints than expected. This volatility reflects market uncertainty as traders weigh both technical and macroeconomic factors.

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He said that a critical move above $113,200 shows stronger bullish momentum and potentially pushing. Bitcoin It will help you secure your current position higher. Such a breakout indicates that buyers are regaining control of the market.

Meanwhile, a drop below $110,400 can open the door to gain additional drawbacks. For now, Analyst We will be patiently waiting for the market to form a more mature trade setup before taking the next practical position.

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Bitcoin starts under pressure in September after a cruel end in August. Now, all eyes are $100,000. Bitcoin closed a disappointing week for the Bulls in August. After winning a new all-time high just over $124,000 in mid-August, Bitcoin closed three red candles in a row on its weekly charts. The candles for the past week close to a low low, blowing away momentum.

The MACD oscillator also confirmed a bearish cross at the end of each week. This should help maintain the downward pressure that comes in this week. The RSI currently sits in a relatively neutral position just above the 50 line, but it’s the lowest level since mid-April.

This first week of September saw Bitcoin drop to test support levels from price integrations from May to June. The Bulls are looking for a large number of nodes, ranging from around $104,000 to keep the price, and can ideally prevent this week’s candle from falling below that level. Through this support, the Bears will attempt to return the price to the Key 1.618 Fibonacci expansion level from Bear Market in 2022 for $102,000. Closing under $102,000 this week is a very bad thing for the Bulls. This would be very bad as it threatens to test your last major swing at $98,000, below the infamous laser eye level of $100,000.

Taking $100,000 on the downside gives a lot of weight to the paper “long-term top.” $96,000 is basically the Bulls’ final line of defense, if the price can slip through all these upper support levels.

So heading into this week, look for buyers to step in and try to turn things into order at the $105,000 level. The Bulls are turning right this week on the ship and putting in some kind of inverted candle to turn things around. But for now, the bear is in full control and is about to continue selling pressure in September.

Terminology Guide:

Bulls/Bully: A buyer or investor expects prices to rise.

Bear/Bear: Sellers or investors who expect prices to drop.

Support or Support Level: At least at the beginning, the level at which the asset’s price is retained. The more touches you have in support, the more likely it will be to be weaker and will not be able to hold the price.

Resistance or Resistance Level: Opposition to support. At least at the beginning, there is a high probability of rejecting the price. The more resistance touches and the weaker the more likely it is to be unable to keep the price down.

Fibonacci retrace and extensions: Ratios based on what is known as the Golden Ratio, a universal ratio related to natural growth and collapse cycles. The golden ratio is based on the constants PHI (1.618) and PHI (0.618).

Oscillator: A technical indicator that differs over time, but usually remains within the band between set levels. Therefore, they vibrate between low levels (usually representing conditions for sale) and high levels (usually representing terms for acquisition). For example, relative strength index (RSI) and moving average convergence force (MACD).

Macd Oscillator: Moving Average Convergence Divergence is a momentum oscillator that shows motion and momentum to subtract the difference between two moving averages.

RSI Oscillator: The relative strength index is a kinetic oscillator that moves between 0 and 100. Measures the change in price speed and the speed of price movement. If the RSI is above 70, it is considered to be over-purchased. If the RSI is below 30, it is considered to be oversold.

Bitcoin short-term holders have made it possible for prices to act as support

As Cryptoquant author IT Tech explained in X Post, Bitcoin found support by achieving short-term holder prices during the latest DIP. The “realized price” here refers to an on-chain indicator that measures the cost base of the average investor on the BTC network.

If the cryptocurrency price exceeds this metric, it means that the entire holder is in a state of net unrealized profit. On the other hand, being under the indicator means that the entire market is red.

In the context of the current topic, realised prices for only certain segments of investors are interesting. Short term holder (STH). This cohort includes holders who have purchased coins within the last 155 days.

STHS supplements one of the two main sectors of the Bitcoin market, which was made based on holding time, with the other side known as the Long Term Holder (LTHS).

What makes these groups different is that investors in the former tend to be weaker hands who move in panic every time volatility appears in the sector, while members of the latter exhibit high conviction behavior.

For any investor, their cost base is at a critical level and STH is particularly whimsical, so when realised prices are retested, they usually have some kind of response. This has led to the price of assets that have observed various interactions with this metric in the past.

As the chart below shared by analysts suggests, one such interaction may have occurred in the past day.

As shown in the graph above, Bitcoin Sth now achieves around $107,500. In BTC’s latest DIP, its price went slightly under this mark, but it turns out to be a high rebound.

Generally, STH buys to adhere to their cost standards if the emotions between them are bullish. At such times, they believe that the price of their damaged mark will be an opportunity to “buy dip”

Given the fact that the assets could find support at the realised price of STH, it appears that STH still thinks the bullish regime is on. That said, Bitcoin has only seen a small rebound so far, so it remains to be seen whether its assets are above the level or if there will be another retest.

In a scenario where metric breakdowns occur, cryptocurrencies could face a shift towards a short-term bearish trend that took place in February this year.

BTC price

At the time of writing, Bitcoin has dropped by 2% to around $109,200 over the past seven days.

Chainlink’s LINK has rallied to its highest level in seven months, fueled by large-scale whale accumulation and a steady stream of new institutional partnerships.

According to CryptoSlate’s data, LINK’s price peaked above $26 on Aug. 18 following a month-long rally of around 30% before easing back to $24.71 at press time.

Notably, the crypto token posted the sole green candle among the top 15 cryptocurrencies by market capitalization during the last 24 hours.

What is driving LINK’s price?

A key driver of LINK’s rally has been heightened activity in the derivatives market.

CoinGlass data reveals that open interest in LINK futures has hit an all-time high of $1.5 billion, a nearly 60% increase since the start of 2025.

Open interest tracks the total number of active futures contracts, and rising levels are generally interpreted as a sign that traders are confident in the asset’s trajectory.

Notably, on-chain activity on the blockchain network paints a similar picture of market enthusiasm.

Data from Santiment shows that nearly 9,813 addresses processed LINK transfers on Aug. 17 alone, while more than 9,600 new wallets were created the following day.

These figures represent the highest engagement levels of the year, pointing to a broadening user base alongside price momentum.

At the same time, the network’s whale activity has also reinforced the bullish outlook.

Blockchain analysis platform Lookonchain reported that a whale wallet withdrew roughly 1.29 million LINK, worth $31 million, from Binance over four days.

Typically, moves of this size indicate long-term holding intentions rather than immediate selling. This further strengthens the market sentiment surrounding LINK and shows its investors are in it for the long haul.

Chainlink’s institutional adoption rises

Outside of these key metrics, Chainlink continues to expand its reach into traditional finance through several high-profile collaborations.

On Aug. 18, Chainlink’s community liaison Zach Rynes highlighted more than 30 firms testing or piloting the blockchain network’s solutions on their platforms.

According to him:

“[Chainlink] is verifiably working with the largest institutions in the world on adopting blockchains and tokenized assets via a unified and modular platform that already powers the vast majority of DeFi.”

The list includes financial heavyweights like Swift, Visa, Mastercard, Citi, JPMorgan, BNY Mellon, and Fidelity International, alongside major infrastructure players like ICE, Euroclear, and Clearstream.

Additionally, central banks and large regional lenders in Brazil, Europe, and Asia are also experimenting with Chainlink-powered technology.

These collaborations demonstrate that Chainlink is positioning itself as the backbone of blockchain connectivity for global markets.

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