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XRP Hits $1.64, Absa Goes Live & XRPL Batch Upgrade Sept 29
Audio is available on Spreaker — see link below.
XRP surged to $1.64 on institutional buying, ETF inflows hit $20M in a single session, and Ripple's custody tech went live with South African bank Absa — the continent's first major bank-led deployment. Plus: XRPL Batch V1.1 mainnet upgrade scheduled, Stripe AI payment integration, and a technical overbought warning.
Audio is available on Spreaker — see link below.
Ripple's custody technology went live with South African bank Absa on September twenty-first, and that's the clearest signal in today's briefing. Not the price move.
On the price side, XRP reached $1.64 on September twenty-third, a gain of just under eight percent in twenty-four hours. Large holders accumulated one point five four billion XRP over four days.
The technical picture is more cautious. RSI closed at sixty-nine point six seven, near overbought territory.
Separate from price and custody, there's a structural development that didn't get much attention when it landed on September seventeenth. Ripple integrated XRP and RLUSD support into Stripe's Machine Payments Protocol through the XRPL AI Starter Kit version one point one.
The XRPL Batch V1.1 protocol upgrade is scheduled for mainnet activation on September twenty-ninth. It cleared the validator threshold two weeks ago.
Ripple CTO David Schwartz drew a comparison this week between Connecticut firearms regulations and Ripple's history with the SEC, arguing both create compliance impossibilities for companies operating in good faith. The CLARITY Act has failed to pass.
The two things worth watching closely from here. First, whether institutional ETF inflows sustain above that twenty million dollar daily level, because that's what separates a structural move from a squeeze.
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