XRP Trades Near $1.50 as SWIFT's Bank-Ledger Pilot and a Delayed Batch Upgrade Reshape the Narrative
Published on 09/29/2026 at 16:01 | Editorial boerse-global.de
Cross-border payments competition and network housekeeping are doing more to shape XRP's near-term story than any single catalyst on the tape. The token changed hands at $1.55 on one recent session for a 3.6% daily advance, while a separate reading put it at $1.49 with a modest 0.4% decline — a spread that reflects just how choppy sentiment has been around forced position unwinds and subsequent profit-taking. Short sellers were caught offside early in the week, and the snapback that followed gave way to traders locking in gains at the spot exchanges.
ETF Demand Keeps Building
Regulated US investment products have been the steadiest source of support. Spot XRP ETFs drew $75 million in net inflows across four trading days through the prior Sunday, according to media reports. Two days earlier, the same funds had pulled in $38.06 million over a two-session stretch. That builds on a longer arc: the five-day week logged on September 21 saw $9.56 million in net subscriptions, extending the category's run to ten consecutive weeks of positive flows.
Fund-level detail adds texture. Bitwise and Franklin Templeton's US spot products together attracted roughly $22.65 million on the previous Friday — about $18.39 million into the Bitwise vehicle and $4.26 million into Franklin Templeton's. The two had already taken in just over $18 million the preceding Wednesday. Those purchases stood in sharp contrast to the selling pressure at the spot exchanges, where short-term players were cashing out after the recent price jumps. Broader crypto market observers have also pointed to gains in major currencies and short covering as drivers of the wider recovery.
SWIFT Opens a Rival Track
The competitive backdrop shifted with news that SWIFT launched its own blockchain ledger. A pilot involving 17 banks is testing live transactions settled through tokenized deposits rather than XRP, a development that cuts straight into the token's long-running pitch as a bridge asset for interbank transfers.
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Ledger Maintenance and a Reset Countdown
On the infrastructure side, the XRP Ledger Foundation and RippleX released server version xrpld 3.4.1 on Friday. The emergency update addresses security-related protocol issues and includes a fix for the planned batch upgrade. Server operators were urged to install it promptly to avoid stalls in future protocol changes.
That batch feature — designed to bundle up to eight transactions atomically — had already slipped. Validator support briefly dropped below the required 80% threshold, restarting the two-week activation countdown. Assuming broad validator approval now holds steady, the enhancement takes effect no earlier than October 9. Commercial projects and asset managers are readying themselves to use the bundling function, and a further protocol change, permission delegation, goes to a vote on October 5 to help institutional users separate administrative duties.
Regulatory and Supply Headwinds
Washington delivered a setback on September 15, when the US Senate failed in a procedural vote to advance the CLARITY Act, legislation meant to structure digital asset markets. Separately, Ripple is due to release a portion of its time-locked tokens on Thursday, October 1, with no exact quantity disclosed.
Chart Picture
XRP sits about 15% above its 50-day average of $1.35, though it remains well below earlier peaks on a twelve-month view. On a longer horizon, the price is 16% above its 200-day average of $1.28, and market participants are watching whether it can consolidate above that trend indicator once derivatives-market positioning clears.
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