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Escrow Myth, SEC Custody Rule & $1.40 Support: What Matters Now
Audio is available on Spreaker — see link below.
An unsourced ETF filing sparked escrow release rumours Ripple never made — and that's just one of three forces shaping XRP this week. From the SEC's parallel custody framework to institutional ETF inflows hitting $56M in August, this episode separates signal from noise.
Audio is available on Spreaker — see link below.
An ETF filing quietly published this week claims Ripple may release additional XRP from escrow if the CLARITY Act passes. Ripple has said no such thing publicly.
The CLARITY Act itself comes to a head on September fifteenth, when the Senate holds a cloture vote. Getting past cloture requires sixty votes.
Separate from the CLARITY Act, the SEC sent a crypto custody framework proposal to the White House Office of Management and Budget on August twenty-fifth. That matters because it moves on a parallel track entirely.
On the institutional side, XRP ETFs recorded a peak daily volume of one hundred twenty-five million dollars on August twentieth, with Bitwise accounting for eighty-four million of that. August inflows reached fifty-six-point-eight-six million dollars, double July's total.
The one-dollar-forty level is now the one to watch technically. A daily close below it points toward one-dollar-twenty-eight to one-dollar-thirty-four.
One quieter development worth noting: Gemini opened native XRP Ledger deposit and withdrawal functionality for Singapore users on August twenty-fourth. Removing custody friction at the exchange level expands practical XRPL usage, and it's part of a broader infrastructure build that includes RLUSD crossing two billion dollars in circulation.
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