XRP Rises 3% as BIS Tests XRP Ledger for Official Statistics
XRP (XRP)
Editor:
Eugene Serbin
Bitcoinethereumnews.com reports that XRP gained approximately 3% following a study by the Bank for International Settlements. The BIS released Working Paper No. 1374 on September 2, detailing a blockchain-based approach for verifiable official statistics. Researchers created a system that records a summary value on the XRP Ledger and generates cryptographic fingerprints of official datasets.
The prototype operated on the XRPL Devnet rather than the production mainnet, anchoring hashed dataset values to the ledger. Tests produced verification times of one to two seconds and publication latency of approximately three to five seconds. This technical proof of concept provides an institutional point of reference for the network outside its payments narrative.
XRP is currently trading at $1.39, up roughly 2.7% on the daily candle. The asset remains slightly above its 200-day EMA at $1.35, which serves as the immediate technical pivot. Momentum has stabilized with the RSI close to 62, significantly below the overbought conditions of the initial breakout.
Maintaining the recovery structure at $1.35 would allow for another attempt at $1.45–$1.50. Losing this level would weaken the setup and highlight the shorter moving average around $1.29.
How the market reacted
Whalio's own Binance spot order flow for XRP, measured when this story was written up on 4 September 2026. Not the outlet's figures.
XRP is trading at $1.45, with the 1-hour buy ratio at 45.6% and the 4-hour buy ratio at 47.1%, both below the 24-hour buy ratio of 51.3%. This indicates that buying pressure is fading in the shorter timeframes compared to the full day. The volume delta shows a net outflow of -$1,511,051 in the last hour and -$2,168,150 over four hours, contrasting with a net inflow of +$7,657,154 over 24 hours. The Cumulative Volume Delta (CVD) for the 24-hour close is -$4,482,481, suggesting that recent selling pressure has outweighed buying pressure. Spot volume over 24 hours reached $301,760,325 across 1,503,687 trades. Net buying occurred for 12 of the last 24 hours.
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.
The 24-hour buy ratio of 51.3% is 1.3 percentage points higher than the 7-day average of 50.0%. Volume over the last 24 hours was 1.95 times the weekly average, indicating an unusual level of activity. Over the preceding eight days, the price changed by -0.2% with a total volume delta of +$4,207,541. Net buying occurred for 4 of the last 7 days. This day represents a spike in volume relative to the norm, despite the price remaining largely flat over the week.