$XRP-USD

Bitcoin (BTC) had the highest annualized funding rate at 10.9%, with a mark price of $81,769 and $7.74B in open interest. Ether (ETH) recorded 4.8% annualized, Solana (SOL) 0.4%, and Dogecoin (DOGE) 0.4%. XRP was negative at -6.0% annualized, with open interest at $399M.

Ripple transferred XRP to Evernorth, a treasury company listed on Nasdaq. XRP's price is $1.3072, down 2.69%. Ripple's CEO cited ecosystem investment and trust in Evernorth's leadership. Technical indicators suggest bearish momentum. Support levels are at $1.30 to $1.28, with resistance at $1.33 and $1.40. ETF flows show mixed activity.

XRP spot ETFs saw $2.4734 million in net outflows on Oct. 16, all from the Canary XRP ETF (XRPC). XRPC's historical net inflows are $484 million, while total XRP spot ETF inflows reached $1.8 billion. These funds have $1.471 billion in net assets, with a 1.79% XRP net-asset ratio.

XRP, the fifth-largest cryptocurrency, is trading at $1.31 with a market cap of $82.4 billion. Ripple's escrow contract for up to 1 billion XRP expires on November 1, with an average of 300 million XRP released monthly over the past year. The price has fallen 21% from its August high of $1.66.

Bitcoin (BTC) dropped below $80,000 for the first time in a month before rebounding. XRP fell to $1.30, and ZEC declined over 5% after a rejection at $1,200. Altcoins generally experienced losses.

Bitcoin (BTC) is down nearly 4% in October, trading at $81,497 as of October 17. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) have fallen over 10%. Factors driving the decline include liquidations, inflation concerns, and ETF outflows. Bitcoin's historical October performance shows two red months since 2017, with the latest in 2025.

On October 23, 2026, the XRP Ledger's fixCleanup3_4_0 amendment activates, repairing features like Single Asset Vaults and the lending protocol. While XRP holders need take no action, node operators must update their software. The amendment, approved by validators on October 9, 2026, is the only pending change on the ledger. It includes fixes for various protocol aspects, including the automated market maker and NFT offers.

Anthony Welfare, former Ripple adviser, highlighted XRP Ledger's technical strengths for payments and tokenization, but noted adoption depends on liquidity, custody, and compliance. Recent developments, including a Nasdaq-listed Ripple-backed vehicle (XRPN) and partnerships, show institutional interest. XRP price is up 1.72% in 24 hours, trading near $1.34.

Ripple CTO Emeritus David Schwartz stated that the XRP Ledger requires stronger links to everyday financial activities, such as payments and investments, to expand its adoption. He highlighted the need for better on- and off-ramps. Evernorth Holdings, a Nasdaq-listed company, plans to accumulate and deploy XRP from its 473 million XRP treasury starting in Q4 2026.

XRP surpassed Bitcoin (BTC) and Ethereum (ETH) in spot trading volume on South Korea's Upbit exchange, recording $145.6M in KRW trades on October 15, compared to BTC's $126.5M and ETH's $92.1M. XRP maintained its lead on October 16 despite overall market decline, indicating strong interest among South Korean investors.