Overview

• U.S. appellate proceedings ended after the Second Circuit approved a joint dismissal of appeals, and coverage reports a final settlement including about a $125 million penalty and confirmation that secondary-market XRP sales are not securities.
• Following the legal resolution, Franklin Templeton, WisdomTree, 21Shares and Grayscale filed amended spot-XRP ETF applications, with prediction markets putting approval odds near 98%.
• XRP trades around $3.00–$3.06 on multi‑billion dollar daily volume, with a heavy supply zone at $3.26–$3.29 and technical targets cited at $3.43–$3.84 if that band is cleared.
• On‑chain activity surged in August, with settlement volumes up roughly 500% and a single day near 844 million XRP, while large wallets accumulated about 250 million XRP over eight days.
• Derivatives positioning skews bearish with roughly $1.16 billion in shorts versus $519 million in longs, heightening volatility risk as traders track Fed rate‑cut expectations and bitcoin correlation.