Goldman Sachs Re-Enters XRP ETF Market as Banks Form Stablecoin Consortium
XRP (XRP)
Editor:
Eugene Serbin
cvj.ai reports that global banking giants are forming a consortium to challenge Tether and Circle with a new dollar-denominated stablecoin. Twenty-one institutions, including Goldman Sachs, Bank of America, Deutsche Bank, and UBS, announced a joint venture launching in the first half of 2027. Goldman Sachs is also re-entering the XRP ETF market, becoming the largest known holder of spot XRP ETFs with $87.4 million across five funds.
This position is more than five times larger than that of runner-up Jane Street. The move follows a previous quarter where Goldman cut its holdings almost entirely, after which XRP prices fell to their lowest level since late 2024. In the bitcoin market, Strategy purchased 4,603 bitcoin for $369.7 million, ending a two-month selling phase.
Strategy now holds 845,050 BTC, representing more than 4% of the maximum supply. Meanwhile, Russia’s new crypto law opens regulated trading, with Sberbank expecting up to $46.4 billion in activity. On Robinhood Chain, memecoins have distorted tokenized stock prices, with BONER tying up 53% of tokenized Hims & Hers shares.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 5 September 2026. Not the outlet's figures.
XRP is trading at $1.40 with a 1-hour buy ratio of 54.0% and a 4-hour buy ratio of 54.7%, indicating short-term buying pressure. However, the 24-hour buy ratio is 49.3%, suggesting that buying intensity is fading over the longer timeframe. The 1-hour volume delta is positive at +$344,351, while the 4-hour delta is +$1,214,827, showing recent accumulation. In contrast, the 24-hour volume delta is -$3,417,142, and the cumulative volume delta (CVD) for the 24-hour close is -$5,597,914, indicating net selling over the day. Spot volume for the period was $229,341,562 across 1,046,555 trades. Net buying occurred for 11 of the 24 hours, reflecting a mixed but slightly bearish daily flow.
The latest daily buy ratio of 49.3% sits at the 67th percentile of the last 281 days, against a median of 48.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for XRP, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 50.5%, making today's 24-hour ratio of 49.3% slightly below average by 1.3 points. Volume was 1.38 times the average, indicating heightened activity compared to the norm. The coin saw net buying on 5 of the 7 days, with a total 8-day volume delta of +$10,591,383. The price change over 8 days was +1.1%, showing modest growth despite the recent daily outflow. This represents an ordinary day for the coin in terms of directional bias, though volume is unusually high.