XRP Tops Market Rebound as Moscow Lists Futures and Washington Stalls
Published on 09/23/2026 at 06:10 | Editorial boerse-global.de
A wave of short-covering swept through crypto on Tuesday, and XRP rode it to the front of the pack. The token climbed 12% to $1.58, outpacing a broad recovery that saw roughly $648 million in bearish positions liquidated across the market within 24 hours. The rally pushed XRP comfortably back above its 50-day moving average of $1.27, a level it had been flirting with for weeks.
The gain came alongside a fresh institutional channel opening up in Eastern Europe. Moscow Exchange, Russia's largest trading venue, launched perpetual futures on five major crypto indices — Bitcoin, Ethereum, Solana, Tron and XRP. The XRP contract trades under the ticker XRPUSDF, is denominated in US dollars, tracks the exchange's own index value, and settles in Russian rubles. Access is restricted to qualified investors only, according to the bourse.
A Regulatory Setback That Ripple Shrugs Off
Not everything went XRP's way. In Washington, a Senate vote to end debate on the CLARITY Act failed, leaving the token's regulatory classification without the statutory certainty that market watchers had hoped for. The bill had been viewed as one of the key legislative vehicles that could have settled how XRP is treated under US law, and media reports pointed to visible disappointment among investors as the procedural motion collapsed.
Ripple CEO Brad Garlinghouse pushed back on the gloom. The vote's outcome, he argued, changes nothing for the company or the token, and it carries no bearing on Ripple's operational roadmap or long-term plans.
Should investors sell immediately? Or is it worth buying XRP?
The market largely seemed to agree. XRP was quoted at $1.60 at one point, up 1.9% on the day, and has added 25% over the past seven days. Demand signals have been building: XRP funds at times drew stronger inflows in recent weeks than comparable vehicles tracking Bitcoin and Ethereum.
Ripple Builds Bridges to Traditional Finance
Beyond the ETF arena, Ripple is steadily wiring its technology into conventional corporate plumbing. The effort centers on linking existing payment and custody systems with blockchain infrastructure, letting institutional clients hold and move digital assets without bolting on extra interfaces.
That push notched a notable win as German commercial-vehicle and logistics group TRATON joined Ripple's treasury infrastructure, gaining access to XRP and the RLUSD stablecoin through a single platform. Ripple Prime, meanwhile, now accepts the token as collateral alongside government bonds, gold and fiat currencies.
Developer tooling is advancing in parallel. On September 17, Ripple expanded the XRP Ledger's developer kit to fold in a joint payment standard from Stripe and Tempo. Through the updated XRP Ledger AI Starter Kit and the Machine Payments Protocol, autonomous software agents can now pay for online services on their own using XRP and ledger tokens such as RLUSD. Companies including Evernorth, VivoPower and Wellgistics are reportedly weighing treasury strategies that treat XRP as collateral and working capital rather than a passive holding. On the protocol side, activation of the Batch V1.1 upgrade is pending; it will allow up to eight transactions to be bundled and executed under predefined rules.
Security Incident, and a Vote on the Horizon
Not all the news was constructive. An exploit at third-party provider D'CENT Wallet allowed attackers to drain user holdings through a vulnerability at that service, according to media reports. The underlying XRP Ledger protocol was untouched by the breach — a reminder that security risk often sits at the edges of an ecosystem rather than its core.
Looking ahead, Evernorth has secured commitments worth $30 million for potential XRP purchases, with shareholders set to vote on the matter on September 30.
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