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XRP Breaks $1.60, Absa Goes Live & ETF Flows Hit $1.73B | Sep 22-24
Audio is available on Spreaker — see link below.
XRP clears its highest price since February as Absa becomes Africa's first bank offering Ripple-powered institutional custody — and the SEC and CFTC move independently after CLARITY's Senate collapse. Today's briefing covers price structure, ETF leverage risk, and the XRPL BatchV1_1 upgrade arriving September 29.
Audio is available on Spreaker — see link below.
Two days after the CLARITY Act failed its Senate procedural vote, both the SEC and CFTC moved. Not together, not through Congress.
On the price side, XRP broke above one dollar sixty for the first time since February fourth. That level had held as resistance through months of consolidation.
Spot XRP ETFs have now accumulated one point seven three billion dollars in cumulative net inflows. Twenty million was added on September twenty-second alone.
Ripple's partnership with South Africa's Absa is the most geographically significant institutional announcement in recent weeks. Absa is now the first African bank offering institutional digital-asset custody using Ripple infrastructure.
On September twenty-ninth, the BatchV1_1 amendment is set to activate on the XRP Ledger. It enables bundled, multi-step atomic transactions, which is the kind of infrastructure that matters for DeFi and tokenized asset settlement.
Pulling back to what actually matters next: the real test is whether the SEC and CFTC's independent rulemaking produces anything resembling coherent clarity for digital assets, or whether piecemeal agency action leaves the industry navigating contradictory rules across jurisdictions. For XRP specifically, watch whether one dollar sixty holds as support rather than resistance.
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