BIS XRP Ledger Test Sends XRP (XRP) Up 7% to $1.44

BIS Paper Tests XRPL for Statistics

XRP (XRP) rallied after the Bank for International Settlements (BIS), the Basel-based institution that coordinates the world's central banks, published a study testing the XRP Ledger in an unusual institutional role: verifying the authenticity of official statistics. The token now trades near $1.44, a 7% gain over the past 24 hours that accelerated as the news circulated. The paper — Working Paper No. 1374, dated Sept. 2 and titled “Blockchain-based approach for verifiable official statistics” — landed at a moment when traders were already watching for signs that blockchain-based infrastructure can plug into legacy financial data systems. Cross-border payments and settlement have always been XRP's headline use case, so each time the technology surfaces in institutional research, sentiment around the altcoin reacts sharply. Our XRP desk logged the initial move at roughly 3%, with the gain compounding overnight.

The experiment itself was deliberately narrow. Researchers generated cryptographic fingerprints — hashes — of official datasets, merged them where needed, and anchored the resulting summary value on the XRP Ledger; the underlying banking or economic data never touched the chain. The prototype ran on XRPL Devnet, the sandbox network developers use instead of the production mainnet, posting verification times of one to two seconds and publication latency of roughly three to five seconds. The distinction matters. The study does not indicate that the BIS has partnered with Ripple, adopted XRP or plans to move central-bank infrastructure onto XRPL — it is a technical proof of concept. Still, by selecting the ledger as its public verification layer, the researchers handed the network an institutional reference point beyond its payments narrative. That list has been lengthening all quarter, from record quarterly XRP Ledger asset averages to Goldman Sachs' disclosed XRP ETF holdings.

The $1.35 Line Bulls Defend

After the correction from August's explosive rally, the chart has settled into a defensive posture. The support that defines the setup is the 200-day exponential moving average at $1.35, and sellers have repeatedly failed to force a sustained break beneath it. The initial breakout briefly lifted XRP to roughly $1.70 before profit-taking resumed. Momentum has cooled without breaking structure: the daily RSI reads near 62, well below the overbought extremes of the first leg higher. Holding $1.35 keeps a retest of $1.45–$1.50 in play, with the recent highs waiting beyond that band; losing it would expose shorter-term moving averages near $1.29. Live order flow shows the token pressing the upper end of that range, and the XRP/USDT chart prints bids stacked near $1.44. Broader institutional demand signals are also flashing, with US spot XRP ETFs outpacing the token during a recent liquidity squeeze.

XRP/BTC: August Bounce, October Risk

Dollar strength has not yet translated into relative strength against Bitcoin. XRP/BTC — the ratio pricing one XRP in bitcoin terms — gained about 4.0% in August after sliding in six of the first seven months of 2026, yet it still trades near 0.00001754, roughly 48% below its January 2025 peak of 0.00003415. Analyst EGRAG Crypto, working from historical monthly averages, maps September at +17.0%, October at -19.6%, November at +30.5% and December at +44.1%, framing the sequence as rotation, shakeout, expansion and acceleration. October is the warning: the ratio has closed lower in 11 of the past 13 Octobers. History also shows a weak October does not preclude a November reversal — the ratio dropped 22.4% in October 2020 before jumping 93.8%, and fell 24.9% in October 2024 before surging 179.2%. Whether August's bounce marks a durable shift remains unproven; clearing the August high would be the first confirmation signal. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$1.4544 Reclaim Opens Path to $1.70

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the battleground tightly. The nearest resistance at $1.4544 scores 76/100, driven by the confluence of a support-to-resistance flip, a high-volume node, a fresh MACD cross and the point of control; the next ceiling at $1.6999 — the swing high — rates 69/100 via the Fibonacci 0.000 retracement and the Donchian upper band. On the downside, $1.3967 carries the engine's strongest reading at 93/100 (flip R→S, Fibonacci 0.382, pivot point, low-volume node), with the EMA 200/SMA 200 confluence at $1.3147 scoring 80/100. Derivatives lean long — funding at 0.0068%, open interest of $1.01 billion and a long/short account ratio of 2.43 (70.9% long) — while a Fear & Greed reading of 74 signals greed. With the daily RSI at 65.41, a sideways trend and a bearish MACD signal in place, a close above $1.4544 opens $1.6999; losing $1.3967, then $1.3147, would invalidate the recovery thesis.