Price continues to respect the rising trendline while pressing against the recent resistance. A confirmed breakout above 6.0 could open the way toward 6.2.
As long as the rising structure holds, the setup remains constructive.
Bitcoin is pumping again, and there are a few factors behind the move.
The biggest catalyst is the shift in the US macro backdrop.
The latest inflation data came in softer than expected, reducing expectations for another Fed rate hike in October and giving risk assets some breathing room.
Treasury yields have also pulled back from their recent highs, which is helping improve the broader liquidity environment.
Then there’s the positioning.
Bitcoin breaking back above $85K has triggered a wave of short liquidations, with around $102M in crypto short positions wiped out over the past 24 hours.
That forced buying is adding further momentum to the move.
$QNT showing strong momentum after bouncing from $157.25.
Price is now consolidating just below $189.4 resistance. A clean breakout above $189.4 could push toward $195, while $176.8 remains the key support to watch.
The XRP Ledger has two major upgrade tracks in motion, with one already approaching activation. PermissionDelegationV1_1 began its 14-day activation countdown on September 21, putting October 5 as the potential go-live date. Around 29 of 35 trusted validators are supporting it. The upgrade allows account authority to be divided by specific permissions. For example, an operations account could make payments without being able to change keys or grant additional access. This version also addresses an issue found in the previous attempt, where certain failed transactions could still incur fees. The fix in xrpld 3.3.0 verifies signatures before fees are charged. Meanwhile, XLS-65 and XLS-66 still need more than 80% validator support for two consecutive weeks. XLS-65 introduces Single Asset Vaults, while XLS-66 builds fixed-term lending around them. The design includes off-chain underwriting, no automatic liquidations, fixed investment windows, cash-basis interest accounting, and optional first-loss capital. If approved, these changes would add more flexible permission management and new lending infrastructure to the XRPL ecosystem. $XRP