XRP Surges 1.37% as Chainalysis Expands XRPL Support

XRP's latest price was $2.98, up 1.372% in the last 24 hours. Chainalysis, a blockchain data platform, announced on September 8 that it has expanded its support to include automatic token support on the XRP Ledger (XRPL). This move allows for real-time tracking, enhanced transparency, and deeper investigative insight across the expanding XRP Ledger ecosystem. The integration covers over 260,000 XRPL tokens, including fungible (IOUs), non-fungible (XLS-20), and multi-purpose tokens (MPT). These capabilities are now embedded into Chainalysis KYT (Know Your Transaction), its entity screening product, and the Reactor investigations platform, providing users with enhanced monitoring, fund flow visualization, and the ability to identify potentially illicit activity. The XRPL, launched in 2012, has processed more than 3.3 billion transactions across over 90 million blocks, known for its low-cost and fast settlement. The network operates with nearly 200 validators, with Ripple serving as a notable participant in its governance. The new monitoring features are designed to strengthen compliance and may also support institutional adoption of XRP and XRPL-issued tokens by reducing risk concerns and enhancing confidence in the ecosystem.

On September 1, several exchanges reported a surge in their XRP holdings, totaling over 1.2 billion tokens in a single day. The timing of this surge complicates the picture. The inflows landed exactly at XRP’s critical support level, a level that has recently absorbed downside pressure. Technical Indicators such as relative strength index (RSI) and MACD show easing sell pressure, suggesting that the sudden wave of inflows may not have been immediately market-facing. This raises the possibility of strategic positioning, either exchanges preparing liquidity for an upcoming event or large holders staging tokens for distribution. Despite the increase in reserves, the altcoin’s price is on the rise, moving above a certain level after a softer-than-expected US Producer Price Index (PPI) data. XRP kicked off the weekend with sudden buy-side pressure that caught traders off guard. Crypto analyst Dom highlighted that a 3 million XRP market buy on Binance futures triggered a cascading move, adding more than 10 million XRP in net buy pressure within 15 minutes. Bulls sustained the momentum on Sunday, with Coinbase also reporting +8 million net XRP buys against relatively thin liquidity books. Market commentator Char Steingraber noted that XRP’s return to a certain level came on net inflows of $23.9 million against a backdrop of $6.9 billion in total trading volume. This meant just a 0.7% price increase on significant inflows, suggesting that while buying was aggressive, the market’s heavy liquidity dampened immediate upside. Cointelegraph also reported that institutional demand for XRP futures has grown, with open interest at CME surging 74% month-over-month. Meanwhile, broader futures demand climbed 5%. Despite the uptick, XRP monthly futures trade at a 7% premium to spot, signaling balanced leverage. Still, compared to other altcoins that gained double digits in August, XRP’s underperformance underscores a cautious outlook even as ETF speculation keeps sentiment alive.

Ripple has revealed new details about its upcoming Swell 2025 conference, confirming the flagship event will be held in New York City on November 4th. This announcement is part of the company's ongoing efforts to engage its community and showcase its ecosystem developments. Regulatory developments continue to influence the XRP landscape significantly. The Securities and Exchange Commission is reportedly planning to issue a decision regarding proposed XRP Exchange-Traded Funds (ETFs) in October 2025. Furthermore, positive regulatory developments within Europe, specifically concerning clarity around institutional engagement with certain digital assets like XRP, are noted as contributing to increased market activity and sentiment for the token during early September. Institutional interest in XRP derivatives experienced substantial growth as indicated by a notable surge in open interest. On-chain data reveals strengthening accumulation patterns, with significant amounts of XRP being locked in wallets, reflecting increased long-term holder confidence. Ripple itself has actively participated in community engagement through initiatives such as its 100 million XRP Rewards Event.

Despite these positive signals, challenges exist within the XRP ecosystem. Metrics associated with the XRP Ledger (XRPL) indicate weakening performance, with decentralized exchange trading volume witnessing a sharp decline. Data also points to growing selling pressure on major exchanges, particularly Binance, where XRP reserves reached record levels during early September. Public interest, as measured by search volume data, has also shown a considerable decrease, suggesting potential headwinds for broader adoption. The overall market structure surrounding XRP appears delicate, vulnerable to triggering significant liquidations in response to minor negative developments. While technical indicators suggested constructive patterns like golden crosses earlier in September, the primary focus on non-price related factors reveals a complex interplay between institutional optimism fueled by potential ETF approvals and regulatory progress, contrasted by ecosystem contraction and persistent selling pressure.