XRP News Today: XRP’s Surge Defies Institutional Doubts, Powers New Digital Economy Use Cases

Ripple’s XRP Ledger (XRPL) continues to gain traction across alternative use cases, positioning the asset as a viable contender in cross-border payments, retail remittances, and the broader internet economy. Recent developments, including heightened awareness of crypto scams and a growing interest in XRP’s potential beyond institutional adoption, have sparked renewed attention among investors and developers.

David Schwartz, Ripple’s Chief Technology Officer, recently flagged a fake video impersonating Ripple CEO Brad Garlinghouse that circulated on social media, warning the XRP community about the rising prevalence of deepfake and impersonation scams. The video falsely claimed to promote XRP’s future plans and directed users to fraudulent links. Schwartz’s prompt response highlighted the sophistication of current scams, which often leverage digital editing and AI to mimic public figures. Ripple has since taken proactive measures, including joining TRM Labs’ Beacon network to detect and mitigate such threats in real time [1].

Parallel to security concerns, Xaman, a popular XRP wallet, has been praised by Schwartz for swiftly addressing a large-scale supply chain attack on the Node Package Manager (NPM) ecosystem. The attack involved JavaScript packages being compromised with malware aimed at redirecting funds from crypto wallets. Xaman’s quick audit and transparency in ensuring user safety were widely commended within the XRP community [2].

On the price front, XRP experienced a 3% intraday rally on September 7, 2025, making it the second-highest performing asset among the top ten cryptocurrencies. This move was attributed to rising speculative interest, particularly around the upcoming October 18 decision window for potential cryptocurrency ETF approvals by the U.S. Securities and Exchange Commission (SEC). Analysts have noted that speculative trading volume increased by 10.3% in the last 24 hours, while derivatives activity on Coinglass showed a 17% rise in XRP futures trading volume. Open interest in XRP futures also climbed by 3% [3].

Despite the uncertainty surrounding institutional adoption, XRP’s relevance in retail remittances and small-to-mid-sized enterprise payments has been gaining traction. Companies like goLance have integrated XRP to facilitate fast, low-cost cross-border payments for freelancers in emerging markets, where traditional banking services are either inefficient or prohibitively expensive. Similarly, SBI Japan launched an XRP-based remittance service targeting the Philippines, Vietnam, and Indonesia, demonstrating XRP’s utility as a bridge currency for high-volume remittances [4].

Furthermore, the XRP Ledger’s capacity for high throughput and low transaction costs has positioned it as a potential enabler of microtransactions in the digital economy, including streaming, gaming, and IoT applications. The growing XRPL ecosystem also supports decentralized exchanges, tokenized assets, and compliance-friendly NFTs, offering fertile ground for innovation. XRP’s role as a reserve-like asset is also being discussed, particularly in a world where central bank digital currencies (CBDCs) are gaining momentum. Its potential as a hedge or diversification tool may offer long-term appeal, especially as transaction fees gradually reduce its supply [4].

The broader crypto market remains in a stable but cautious state, with the 24-hour market cap reaching $3.82 trillion and a relatively neutral fear and greed index of 40. While Bitcoin and Ethereum showed minimal movement—0.09% and 0.01% respectively—XRP’s performance stood out. The asset’s surge over 390% in the past year has been attributed to growing demand for efficient cross-border solutions, a sector projected to expand to $414 trillion by 2034 [5].

As the market evolves, XRP’s success may increasingly depend on diversification across multiple use cases. Whether through retail remittances, corporate payments, or digital infrastructure, the asset’s ability to adapt to different financial ecosystems may determine its long-term value.

Source:

[1] XRP Warning from Ripple CTO (https://bitcoinist.com/xrp-warning-from-ripple-cto/)

[2] Ripple CTO Praises XRP Wallet for Swift Reaction to Supply Chain Attack (https://u.today/ripple-cto-praises-xrp-wallet-for-swift-reaction-to-supply-chain-attack)

[3] Ripple (XRP) Price Moves Toward $3 as Community Awaits SEC Decision (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[4] What If Banks Say No to XRP, Here's Why XRP Still Wins Without Wall Street (https://thecryptobasic.com/2025/09/08/what-if-banks-say-no-to-xrp-heres-why-xrp-still-wins-without-wall-street/)

[5] XRP Leads the Year in Cryptocurrency Performance with 390% Surge (https://news.ssbcrack.com/xrp-leads-the-year-in-cryptocurrency-performance-with-390-surge/)

[6] Crypto Market Shows Steady Performance Amid Neutral Sentiment (https://www.mexc.com/en-GB/news/crypto-market-shows-steady-performance-amid-neutral-sentiment/88167)