XRPL BIS Data Test, Price Reaction, and Analysis

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Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

About Author

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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CryptoNews Editorial Team

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CryptoNews Editorial Team

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Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

Last updated: 

September 3, 2026

XRP is holding steady while a quieter Ripple news out of Basel gets less attention than it probably deserves. The Bank for International Settlements just published a working paper describing a proof of concept that used the XRP Ledger to anchor tamper-evident fingerprints of official economic data.

BIS Working Paper No. 1374, released Sept. 2, tackles a real gap in SDMX, or the standard institutions use to exchange official statistics, which has no native cryptographic integrity check. Researchers built dataset fingerprints, compressed them into a Merkle root, and anchored that root on XRPL using a public DevNet node.

According to the report, Median publication times landed at 3–5 seconds, verification at 1–2 seconds. Analyst Diana from InvestWithD flagged the experiment publicly.

Institutional plumbing tests like this rarely move price on their own, but they do shape the narrative traders lean on when deciding whether to hold through chop. XRP’s chart right now is arguably more interesting than the paper itself.

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Can XRP Price Hit $2 This Week Amid The Bullish Ripple News?

XRP sits at $1.36, fresh off a violent 48 hours. It saw a $369 million in leveraged longs liquidated as price dipped toward $1.34, a forced reset after August’s 70% run from $0.99 to $1.70.

The $1.32–$1.38 zone is doing the heavy lifting now; it’s the highest-volume support band on recent URPD data and the line separating consolidation from breakdown.

Momentum isn’t broken. A September 1 MACD buy signal paired with RSI in the low-60s points to cooling, not reversal. If XRP can hold $1.32–$1.38, and clear $1.60 and $1.68–$1.72 resistance, $1.90–$2.10 becomes the September target.

The most likely scenario is a continued chop in the $1.35–$1.55 range while positioning resets. But a clean break under $1.30 opens the door to $1.20, maybe the $1.00–$1.15 macro floor. Our recent Bitwise-linked XRP forecasts still lean toward the upper scenario, but the $1.32 line is the one to watch into the weekly close.

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Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels

XRP holders who bought the August dip are sitting comfortably, but let’s be honest, a move from $1.37 to $2.00 is a 46% gain on an asset with a market cap already in the tens of billions. That math doesn’t excite everyone.

Traders chasing asymmetric upside are increasingly looking at earlier-stage plays, and institutional flow data around XRP suggests capital is rotating, not just holding.