The idea of XRP trading at $589 may sound unrealistic at first, but the rationale behind it is not based on a normal crypto rally. Instead, it is based on a scenario where the XRP Ledger becomes part of high-value delivery-versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as the liquidity asset behind large institutional transactions. Meanwhile, under that model, $589 is the level XRP would need to reach to support about $73 trillion in annual settlement flow with limited slippage. The Transactions That Cannot Be Made Smaller To understand the $589 figure, one must first understand the category of transaction it is designed to accommodate. Also, the $589 XRP calculation starts with the assumption that the XRP Ledger achieves delivery-versus-payment adoption at a layer comparable to the Depository Trust & Clearing Corporation (DTCC) and Continuous Linked Settlement (CLS). Related Reading: Analyst Says XRP Path To $100 Is Not Straightforward, These Things Will Happen First Under this scenario, the token would be used for large obligations that cannot be easily netted, broken into smaller parts, or settled through multiple layers. These transactions can range from about $500 million to $10 billion per ticket. There are many corridors that fall under these transactions, and this model breaks it into six corridors. DTCC net settlement is assigned about $15 trillion at 20% capture; SWIFT cross-border settlement is assigned about $21 trillion at 14% capture and FX derivatives net settlement is assigned about $12 trillion at 12% capture. Furthermore, repo and FICC atomic settlement is assigned about $5 trillion at 10% capture, nostro displacement is assigned about $9 trillion at 33% capture, and stablecoin settlement is assigned about $11 trillion at 33% capture. This comes to a total of $73 trillion in annual volume passing through the XRP Ledger. The Square Root Market Impact Model Produces $589 XRP In order for XRP to serve as the bridge asset absorbing these flows, it must be deep enough that something like a $2 billion ticket can settle without moving its price beyond the 5 basis points of slippage that institutional FX desks treat as standard. Related Reading: ‘XRP Was Never Designed To Be Cheap,’ So What Is Its Real Value? The $589 figure comes from an inverted version of the square root market impact law. The model uses a $2 billion ticket size, $73 trillion in annual volume, 0.5% volatility, 5 basis points of slippage tolerance, 1.36% turnover, and a 25 billion XRP liquid float. Furthermore, the liquid float assumption excludes escrowed XRP, ETF-held XRP, treasury-held XRP, and inactive wallets. Under that setup, the required market cap comes out near $14.7 trillion. Dividing that required market cap by 25 billion liquid XRP gives a required price of about $589. Hence, the calculation is very different from a simple market cap comparison using the full circulating supply. The current circulating supply of XRP is about 61.82 billion XRP, which is much larger than the assumed 25 billion liquid float in the model. This means the $589 outcome depends on only a smaller portion of XRP being truly available for active settlement liquidity. At the time of writing, XRP is trading at $1.37. Featured image from Getty Images, chart from Tradingview.com
Five Republicans and one Democrat won or went to runoffs following primaries in Georgia, Alabama and Kentucky after a crypto-backed PAC and its affiliates spent a combined $20 million on media and ads.
HIVE's AI gigafactory could reshape Canada's tech landscape, offering data sovereignty and challenging global AI infrastructure leaders.
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Rising competition and high costs may hinder profitability, challenging the lofty valuations and investor expectations for AI giants.
The post Cheap AI threatens OpenAI and Anthropic IPO valuations as costs keep climbing appeared first on Crypto Briefing.
Stacks' new BTC staking model could enhance Bitcoin's appeal to institutional investors by offering direct yield opportunities without altcoin exposure.
The post Stacks introduces Bitcoin staking model for earning yield in BTC appeared first on Crypto Briefing.
The ETF could redefine investment strategies by treating computing power as a commodity, potentially reshaping tech and finance sectors.
The post Roundhill Investments files for ETF that tracks raw computing power appeared first on Crypto Briefing.
XRP exchange-traded funds (ETFs) have pulled in more money than their Solana ETF counterparts even though SOL has largely outperformed XRP on price during much of the year. The difference, according to market expert Sam Daodu, appears to come down to what’s happening on the regulatory and institutional side. Different Paths For XRP And Solana ETFs Daodu highlighted that XRP ETFs have gathered $1.39 billion in cumulative inflows since their November 2025 launch. Solana ETFs, launched in October, have accumulated $1.12 billion over the same overall timeframe. In other words, despite XRP entering a drawdown from its summer 2025 high and despite SOL’s relative price strength, XRP’s ETF flows have still landed ahead, with the inflow gap persisting at the cumulative level. Related Reading: Bitwise Bullish on Hyperliquid: HYPE Labeled ‘Undervalued’ As It Rallies 20% The pattern of ETF demand for XRP also looks particularly consistent. Daodu noted that XRP ETFs logged a 13-day streak of positive net flows in early December 2025, a run that came in ahead of Solana’s cumulative inflow total of $618.59 million within those 13 trading days. Looking at more recent flow data, XRP reported $81.6 million in April inflows alongside a 14-day inflow streak. By the end of April, that put XRP’s year-to-date inflows at roughly $124 million. Solana’s April inflows were far lower—$38.69 million, which is less than half of XRP’s April figure. Daodu also pointed out that Solana’s monthly inflows fell from $419 million in November 2025 to $38.69 million in April, suggesting a weaker stretch that only appears to be improving now. That recovery is showing up in May. Solana has posted more than $99 million after 19 trading days, while XRP is close behind with roughly $95 million in the same period. Even so, the larger story remains that XRP has maintained a steadier inflow profile relative to Solana, and Daodu believes there is a catalyst supporting that steadiness—one that Solana does not have. Alpenglow Vs CLARITY Act In Daodu’s view, the structural difference is the CLARITY Act. He argued that this is the “structural difference the price charts don’t show,” because a full Senate vote would help establish a clearer legal framework around issues that matter directly to regulated institutions. Specifically, Daodu said the bill would create defined rules for XRP custody, collateral treatment, and balance sheet exposure—an “exact compliance checklist” for pension funds and regulated asset managers that need clarity before allocating capital at scale. Related Reading: Bitcoin Could Hit Near $95,000 If It Holds Above This Critical Support, Top Analyst Says Solana, by contrast, is associated with a different kind of catalyst: Alpenglow, a network upgrade aimed at achieving sub-150ms transaction finality. Still, Daodu emphasized that throughput improvements alone don’t unlock the same category of institutional money as regulatory clarity does. He suggested that the capital attracted by clarity is the type that could help close the gap between XRP’s $1.39 billion in inflows and the $4–8 billion inflow range JPMorgan has projected if the bill passes. The expert concluded that for XRP to break higher in price, the market likely needs an even larger catalyst—particularly regulatory clarity through the CLARITY Act and stronger institutional participation. At the time of this writing, XRP traded at $1.37, recording a 3.8% drop on the weekly time frame, while SOL traded at $86, recording even greater losses of 6% in the same period. Featured image created with OpenArt, chart from TradingView.com
OpenAI's IPO could reshape the tech landscape, intensifying competition and regulatory scrutiny while offering investors a high-stakes AI bet.
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CME's focus on E-mini Nasdaq-100 options underscores the growing importance of index-level derivatives in managing tech sector volatility.
The post CME Group highlights E-mini NASDAQ-100 options ahead of Nvidia earnings report appeared first on Crypto Briefing.
OpenAI's IPO could significantly boost its market valuation, reflecting increased investor confidence and potential tech sector shifts.
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The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets.
Bitcoin's struggle to break $78K amid US sell-offs highlights its vulnerability to macroeconomic factors and market sentiment shifts.
The post Bitcoin halts recovery near $78,000 as US sell-off intensifies ahead of Nvidia earnings appeared first on Crypto Briefing.
Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.
OpenAI may file for an IPO this week, targeting a valuation above $1 trillion as it prepares for a possible September listing.
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Cantor Fitzgerald has been appointed to help with the sale, according to sources.
TeamPCP gained access to GitHub's private source code after an employee unknowingly installed a malicious coding tool.
Also: Citi on quantum computing and bitcoin, Jump Crypto’s Firedancer, and Vitalik Buterin on AI verification
Trump Media withdrew its bitcoin ETF filing as analysts pointed to fee pressure, weak demand and fierce competition in the crowded spot bitcoin ETF market.
In this week’s Crypto Long & Short Newsletter, Alec Beckman on why BTC-backed lending is not a crypto story, but a capital efficiency story. Then, Serena Sebastiani on how stablecoins aren’t a crypto product; they’re becoming the settlement infrastructure global finance forgot.
Variational's funding could intensify competition in the crypto derivatives market, potentially driving innovation and lowering trading costs.
The post Variational raises $50M from Dragonfly Capital to expand decentralized derivatives trading appeared first on Crypto Briefing.
The freeze in tech buyouts signals a shift in investment focus towards AI infrastructure, impacting exit strategies for software companies.
The post Tech private equity buyouts freeze as market grapples with AI uncertainties appeared first on Crypto Briefing.
The ZEC technical structure continues to strengthen after breaking above a key macro resistance level that had capped price action for an extended period. Following a successful breakout above a long-standing descending trendline, the asset has continued to hold above key levels that previously served as strong resistance throughout the broader downtrend. The move signals a potential shift in momentum as bullish pressure gradually returns to the chart. How Zcash Momentum Continues Building After Technical Breakout Zcash is showing signs of renewed technical strength after completing a significant compound breakout above both a long-standing descending trendline and the critical $540 macro resistance zone. Technical analyst Ardi mentioned on X that the asset has also closed above the previous lower high near $560 for the first time since the broader shift in market structure. Related Reading: Here’s Why The ZCash (ZEC) Price Rallied Above $500 Again This level now becomes a critical pivot, whether ZEC can hold its reclaimed level as support and build momentum toward the next major resistance region between $590 and $600. However, if ZEC fails to maintain this structure, it would quickly shift price back toward the $540 level as the next key support zone. Ardi highlighted that the cleanest risk setup and reward remain at the extremes, which is either a confirmed breakout above $640 highs or a retest into $540 support with a clear invalidation below. The current range of ZEC is likely to remain choppy, with price action lacking clear direction between key levels. Ardi advises that with further consolidation still possible before a decisive breakout, the more strategic approach is to avoid chasing price in the middle of the range. Instead, the better trade structure is to position longs at support. Will Zcash Rally Gains Strength Following Clean Breakout Confirmation Zcash has continued to strengthen technically after successfully confirming a breakout from a well-defined daily bull flag continuation pattern, signaling a sustained upside bullish continuation momentum following weeks of consolidation. Related Reading: Zcash (ZEC) Approaches Critical Breakout Zone With Bulls Targeting Higher Levels After Recent Surge According to a post on X from an analyst known as Team LAMBO, the setup move inside the premium from the $510 breakout zone toward $560 has already delivered nearly 20% expansion from the previously identified local bottom, reinforcing growing optimism around the ZEC higher timeframe structure. Despite this move, the broader structure still appears incomplete. As long as the price holds above the breakout region, the bullish bias will remain intact, with momentum favoring further upside. From a higher timeframe (HTF) perspective, the next key expansion targets are positioned around $625, followed by the $680 resistance zone, where a significant pool of liquidity is expected to be situated. Featured image from Medium, chart from Tradingview.com
The XP token isn’t cooling off quietly. After exploding 300% from roughly $0.019 to $0.082 on May 14 the market looked ready to dump the usual “sell-the-news” script on traders. And, honestly, it did for a moment. Price corrected sharply toward $0.042 by May 19. But now XP price is climbing again, because crypto never …
Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report.
Variational is positioning itself as a retail-friendly brokerage via its in-development Omni app, which will offer "zero-fee" trading.
The pipeline deal could reshape global energy markets, enhance China's energy security, and challenge the dollar's dominance in trade.
The post Russia and China agree on Power of Siberia 2 pipeline route, accelerating de-dollarization of energy trade appeared first on Crypto Briefing.
The CLARITY Act is moving toward the Senate floor with a promise crypto has spent years asking for: a clearer federal map for digital asset markets. The under-covered risk is that the map runs through the CFTC, making CFTC crypto regulation a capacity test for spot-market oversight after its payroll workforce fell by more than […]
The post CLARITY Act will give crypto a new regulator before the CFTC has the staff to run it appeared first on CryptoSlate.
The surge in Bitfinex margin longs could trigger significant market volatility, with potential for either a breakout rally or a sharp downturn.
The post Bitfinex margin longs hit a 2.5-year high as traders bet big on Bitcoin appeared first on Crypto Briefing.
Ark Invest purchased $4.4 million in Bullish shares across three ETFs as the stock rebounded from a 15.4% five-day decline following mixed Q1 earnings.
The post Ark Invest buys $4.4M in Bullish shares as stock rebounds from five-day slide appeared first on Crypto Briefing.
Something weird is happening around Ozone Chain and its token OZO. While heavyweight AI and infrastructure coins like LINK, TAO, INJ, and VVV dominate crypto conversations most days, but a much smaller project with roughly a $106 million market cap suddenly climbed to the top of LunarCrush mention rankings with 895 mentions by even beating …