XRP Price Eyes Recovery as SEC Plans 24/7 On-Chain Stock Trading

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
XRP Price Eyes Recovery as SEC Plans 24/7 On-Chain Stock Trading

Highlights

  • XRP price tests critical $1 support as bearish pressure limits recovery.
  • On-chain stock plans by SEC could boost confidence in digital assets.
  • Spot XRP ETF assets approach $1 billion despite muted inflows.

XRP price traded below $1 after a mild bearish move weakened short-term momentum across the market. The overall cryptocurrency market, however, recorded growth of 0.84 percent in the last 24 hours, which has taken the total value to 2.18 trillion. 

Bitcoin price regained lost momentum at $63,000 after the US & Iran reportedly agreed to extend a 60-day ceasefire. If it remains the same, it could affect XRP’s next bull run.

SEC Plans 24/7 On-Chain Stock Trading

The U.S. Securities and Exchange Commission (SEC) is reportedly considering plans to bring American stocks to blockchain networks for continuous trading. Such a facility would integrate traditional financial and digital asset technology and allow investors to participate in equity trading outside of the standard trading window.

SEC Chair Paul Atkins is expected to meet President Trump, CFTC Chair Michael Selig, and major financial companies this week. Ripple, Coinbase, Gemini, Nasdaq, NYSE, CME Group, Polymarket, Kalshi and DTCC are likely to take part.

DTCC’s existence has come to attention because it clears the majority of U.S. stock trades. Its participation could signal talks will include settlement systems and the infrastructure for tokenized securities.

The outlook for XRP in the short term now hinges on Bitcoin staying above $63,000 and positive policy changes that foster market confidence. Traders also await the Senate’s September 15 CLARITY Act cloture vote.

XRP ETF Assets Near $1 Billion as Trading Volume Hits $10.76 Million

There were no new inflows to any U.S. spot XRP ETFs on August 14, with trading activity in listed funds being relatively quiet.

Since the opening, combined inflows were $1.51 billion while net assets totaled $933.01 million. These assets accounted for 1.49% of the market capitalization of XRP.

The daily trading value amounted to $10.76 million, with Bitwise’s XRP fund the top trade at $6.95 million. Franklin Templeton’s XRPZ followed with $2.23 million.

XRP Price Eyes Recovery as SEC Plans 24/7 On-Chain Stock Trading
Source: Sosovalue data

Bitwise had the greatest asset base of $298.52 million, followed by Franklin Templeton at $239.61 million. Canary Capital was the third with $231.82 million.

However, all five listed funds posted daily market price declines exceeding 1%. Canary Capital’s XRPC led the losses after falling 1.17%.

Bitwise’s fund declined 1.15%, while Grayscale’s GXRP dropped 1.05%. Weakness was attributed to the ongoing pressure on investment products that are pegged to XRP.

XRP Price Faces Make-or-Break Test at $1 — Will Support Hold?

The XRP price traded near $1.0005 after falling 0.23% on the four-hour timeframe.The token remains under pressure following a prolonged decline from July’s highs.

XRP price is testing the crucial $1 support, where recent candles show reduced volatility. The overall trend however is still bearish, as long as the price does not rise above $1.05. The RSI is at 45.46, which is below the 50 neutral line.

The Chaikin Money Flow reading is still positive (0.14) which suggests that capital is still flowing in. This signal could support a recovery if XRP successfully protects the $1 level.

The possible rebound could first test $1.02 before aiming for the stiffer resistance at $1.05. A breakout of $1.05 could create a path towards $1.08.

XRP Price Eyes Recovery as SEC Plans 24/7 On-Chain Stock Trading
Source: TradingView

But if it breaks below $1 then that would damage the current set up. The price of XRP could then be pushed down to $0.98 with deeper declines potentially unleashing a $0.95 target.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. Why is the XRP price testing the $1 level?

XRP faces continued bearish pressure following its decline from July’s highs. The $1 level now serves as crucial short-term support.

2. What could support an XRP price recovery?

Bitcoin holding above $63,000 could improve wider market confidence. Positive regulatory developments may also support renewed demand for XRP.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.39855779 0.94% (24h)

24 Hours volume

$938.89M

Market Cap

$87.75B

Max Supply

100B

Buy $XRP with Binance
About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.