The idea of XRP trading at $589 may sound unrealistic at first, but the 
rationale behind it is not based on a normal crypto rally. Instead, it is 
based on a scenario where the XRP Ledger becomes part of high-value delivery- 
versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as 
the liquidity asset behind large institutional transactions. Meanwhile, under 
that model, $589 is the level XRP would need to reach to support about $73 
trillion in annual settlement flow with limited slippage. The Transactions 
That Cannot Be Made Smaller To understand the $589 figure, one must first 
understand the category of transaction it is designed to accommodate. Also, 
the $589 XRP calculation starts with the assumption that the XRP Ledger 
achieves delivery-versus-payment adoption at a layer comparable to the 
Depository Trust &amp; Clearing Corporation (DTCC) and Continuous Linked 
Settlement (CLS). Related Reading: Analyst Says XRP Path To $100 Is Not 
Straightforward, These Things Will Happen First Under this scenario, the token 
would be used for large obligations that cannot be easily netted, broken into 
smaller parts, or settled through multiple layers. These transactions can 
range from about $500 million to $10 billion per ticket. There are many 
corridors that fall under these transactions, and this model breaks it into 
six corridors. DTCC net settlement is assigned about $15 trillion at 20% 
capture; SWIFT cross-border settlement is assigned about $21 trillion at 14% 
capture and FX derivatives net settlement is assigned about $12 trillion at 
12% capture. Furthermore, repo and FICC atomic settlement is assigned about $5 
trillion at 10% capture, nostro displacement is assigned about $9 trillion at 
33% capture, and stablecoin settlement is assigned about $11 trillion at 33% 
capture. This comes to a total of $73 trillion in annual volume passing 
through the XRP Ledger. The Square Root Market Impact Model Produces $589 XRP 
In order for XRP to serve as the bridge asset absorbing these flows, it must 
be deep enough that something like a $2 billion ticket can settle without 
moving its price beyond the 5 basis points of slippage that institutional FX 
desks treat as standard. Related Reading: ‘XRP Was Never Designed To Be 
Cheap,’ So What Is Its Real Value? The $589 figure comes from an inverted 
version of the square root market impact law. The model uses a $2 billion 
ticket size, $73 trillion in annual volume, 0.5% volatility, 5 basis points of 
slippage tolerance, 1.36% turnover, and a 25 billion XRP liquid float. 
Furthermore, the liquid float assumption excludes escrowed XRP, ETF-held XRP, 
treasury-held XRP, and inactive wallets. Under that setup, the required market 
cap comes out near $14.7 trillion. Dividing that required market cap by 25 
billion liquid XRP gives a required price of about $589. Hence, the 
calculation is very different from a simple market cap comparison using the 
full circulating supply. The current circulating supply of XRP is about 61.82 
billion XRP, which is much larger than the assumed 25 billion liquid float in 
the model. This means the $589 outcome depends on only a smaller portion of 
XRP being truly available for active settlement liquidity. At the time of 
writing, XRP is trading at $1.37. Featured image from Getty Images, chart from 
Tradingview.com

The idea of XRP trading at $589 may sound unrealistic at first, but the rationale behind it is not based on a normal crypto rally. Instead, it is based on a scenario where the XRP Ledger becomes part of high-value delivery- versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as the liquidity asset &#8230;

Why The XRP Price Can Touch $589 As It Takes On $73 Trillion Industry

The Iranian nuclear test exacerbates regional instability, complicating 
diplomatic efforts and increasing the risk of military conflict.
The post Iran nuclear test raises tensions, impacts US-Iran deal prospects 
appeared first on Crypto Briefing.

The Iranian nuclear test exacerbates regional instability, complicating diplomatic efforts and increasing the risk of military conflict. The post Iran nuclear test raises tensions, impacts US-Iran deal prospects appeared first on Crypto Briefing.

Iran nuclear test raises tensions, impacts US-Iran deal prospects

Dollar stablecoin supply has held at 99% of the global market as non-dollar 
tokens stall at 0.24% share. The European Central Bank noted in late 2025 that 
dollar stablecoin tokens account for approximately 99% of total stablecoin 
supply in circulation.…

Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share. The European Central Bank noted in late 2025 that dollar stablecoin tokens account for approximately 99% of total stablecoin supply in circulation.…

Dollar stablecoin holds 99% as Qivalis push falls short

Market analyst Aletheia released a report on Wednesday, taking a close look at 
the first six days of trading for Hyperliquid ETFs launched by 21Shares and 
Bitwise. The analysis focuses on how early inflows are stacking up across 
major crypto assets and what those moves may signal for demand going forward. 
First Six Days Under The Microscope In market-cap-adjusted terms, Aletheia 
found that the Hyperliquid ETFs generated more flows than Bitcoin (BTC) on 
three of the first six trading days. The same comparison also showed strength 
versus Ethereum (ETH): Hyperliquid’s ETF products logged higher inflows than 
Ethereum on five out of six days. Related Reading: Bitwise Bullish on 
Hyperliquid: HYPE Labeled ‘Undervalued’ As It Rallies 20% The Solana (SOL) 
spot exchange-traded fund sector produced a different picture. According to 
the report, Solana posted higher market-cap-adjusted flows than Hyperliquid on 
four of the first six trading days. On Tuesday, however, Hyperliquid spot ETFs 
recorded materially stronger inflows than any of their peers. The analyst 
emphasized that it’s still too early to say whether this spike is the start of 
a sustained trend, or whether it reflects a short-term burst of demand that 
may normalize over the coming days. Hyperliquid Near Bull-Run Highs Beyond the 
raw inflow numbers, the report reveals another layer: the Hyperliquid spot 
ETFs are competing with the Assistance Fund — the platform&#8217;s economic 
structure for token buybacks — in terms of market buying pressure. In the 
first six trading days, the ETFs bought 2.5 times as much HYPE as the 
Assistance Fund bought and burned. The “burning” element is important context, 
since it differs from a straightforward accumulation mechanism. Still, when 
the discussion is framed around buying pressure and market impact, Aletheia 
argues that the ETFs are clearly adding to the fuel. Related Reading: Solana 
ETF Falls Behind As XRP Collects More Cash—Here’s The Catalyst Driving The 
Split The combination of ETF-driven activity and increasing token demand has 
moved Hyperliquid close to current price peaks of $59 reached during last 
year’s bull run. Data from CoinGecko shows the altcoin trading at $51.88 when 
writing is up 33% over the past week alone. At this level, the token is only 
12% below its current record, leaving room—at least in relative terms—for a 
potential “discovery” phase if the ETF-related inflows continue to build. 
Featured image created with OpenArt, chart from TradingView.com

Market analyst Aletheia released a report on Wednesday, taking a close look at the first six days of trading for Hyperliquid ETFs launched by 21Shares and Bitwise. The analysis focuses on how early inflows are stacking up across major crypto assets and what those moves may signal for demand going forward. First Six Days Under &#8230;

Hyperliquid ETFs Send HYPE Closer To All-Time Highs—Here’s What The Data Shows

Bitcoin experienced volatile, range-bound trading, repeatedly struggling to 
sustain a breakout above $77,000. After a midnight surge from $76,700 to 
$77,200, it hit an intraday high of $77,604 before stabilizing around $77,500. 
Bitcoin Volatility Tightens Near $77K Resistance Bitcoin endured another 
grueling stretch of range-bound consolidation, routinely failing to cement a 
definitive breakout above the […]

Bitcoin experienced volatile, range-bound trading, repeatedly struggling to sustain a breakout above $77,000. After a midnight surge from $76,700 to $77,200, it hit an intraday high of $77,604 before stabilizing around $77,500. Bitcoin Volatility Tightens Near $77K Resistance Bitcoin endured another grueling stretch of range-bound consolidation, routinely failing to cement a definitive breakout above the &#8230;

Bitcoin Adds $20B to Crypto Economy as Traders Defend $77,000 Support

Minnesota&#8217;s ban on prediction markets could trigger a regulatory domino 
effect, challenging federal authority and impacting crypto platforms.
The post Minnesota bans prediction markets, Trump administration files lawsuit 
appeared first on Crypto Briefing.

Minnesota&#8217;s ban on prediction markets could trigger a regulatory domino effect, challenging federal authority and impacting crypto platforms. The post Minnesota bans prediction markets, Trump administration files lawsuit appeared first on Crypto Briefing.

Why The XRP Price Can Touch $589 As It Takes On $73 Trillion Industry

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