● XRPTRACER · THE CATALYST TRACKER
Suits on
XRP.
Every Wall Street move on XRP, ranked by how deep the commitment goes, and measured against what XRP's price did next.
18 INSTITUTIONS · 21 MOVES TRACKED · PRICES THROUGH NOV 14, 2026
Coinbase steps onto Level 3: Building
RLUSD supported on Coinbase Prime, Exchange and the retail app; deposits and withdrawals on XRPL, Base and Ethereum
PRO The full Catalyst Tracker lives in XRPTRACER Pro: the full price-reaction breakdown, every move with sources + CSV, the weekly Build-vs-Price Gap, The Crowd Tracker, Catalyst Alerts by email APP NOTIFICATIONS COMING SOON and Friday's refresh first.
$29/mo or $249/yrUnlock Pro →01 · THE FORECAST
Wall Street Weather Map
Left: how deep institutions have gone on XRP. Right: how XRP's price has reacted to their recent news. When the two split, that's the story.
FREEInstitutions are building faster than the price is reacting. Adoption Score minus Market Reaction.
30d ▼ -25.8%
Weather states: ☀ Hot 75+ · 🌤 Warming 60–74 · ⛅ Neutral 45–59 · 🌧 Cooling 30–44 · ❄ Cold under 30
02 · COMMITMENT DEPTH
The Adoption Ladder
Each institution sits on the highest step it has reached. Watching is talk. Running is real money settling on the XRP Ledger every day.
FREE XRPTRACER EDITORIAL RATINGResearch, public comments, job posts, standards bodies
1 TRACKEDPilots, testnet, sandboxes, JVs
3 TRACKEDTokenized funds, payment rails, custody
9 TRACKEDXRP on balance sheet, ETF inflows, treasuries
2 TRACKEDValidators, infra, real settlement volume
3 TRACKED▢ New in the last 7 days · Names only, no logos. Placement is XRPTRACER's editorial rating under the public rules in Methodology.
03 · PRICE ACTION
Does Wall Street Move XRP?
XRP's daily price for the past year with every tracked institutional move pinned to the day it landed. Then the numbers: what XRP did next, and whether adoption and price move together.
FREEL1 WatchingL2 TestingL3 BuildingL4 HoldingL5 RunningPolicyHover a flag for details
Moves before Nov 15, 2025 sit outside the 365-day price window and are not pinned.
Adoption vs price, week by week
Whether weeks with more institutional building line up with XRP's price, now or in the weeks that follow.
-0.07 same-week link · 53 weeks, Nov 15, 2025 – Nov 14, 2026
Shaded band = no meaningful relationship (|r| under 0.3). Faded bars are not statistically reliable.
What XRP did next, by ladder level
The full breakdown of how XRP traded after every move, split by ladder level.
Unlock Pro →Cumulative adoption vs XRP price
XRP price (left axis)Cumulative adoption, sum of ladder levels of dated moves in the window (right axis; 35 points from earlier moves not shown)
04 · LATEST MOVES
The Tape
The three newest institutional moves are free. Pro unlocks the complete history with sources and CSV export.
FREE| DATE | INSTITUTION | MOVE | LADDER LEVEL | XRP 24H |
|---|---|---|---|---|
| Oct 28 | Coinbase Ripple T1 · The Block T2 PENDING: Global Exchange support and RLUSD as collateral have no announced date | RLUSD supported on Coinbase Prime, Exchange and the retail app; deposits and withdrawals on XRPL, Base and Ethereum | L3 · BUILDING | ▼ -0.4% |
| Oct 27 | BNY BNY T1 · Ripple T1 · Banking Dive T2 PENDING: RLUSD mint/redeem via BNY is a plan, subject to approvals | Adds XRP and RLUSD to its Digital Asset Custody platform for eligible institutions; RLUSD mint/redeem planned | L3 · BUILDING | ▲ +1.7% |
| Oct 27 | Robinhood Ripple T1 · CNBC T1 PENDING: Robinhood app availability not yet live | RLUSD live on Robinhood Chain and Bitstamp; RLUSD on XRPL for institutional settlement; app support planned later in 2026 | L3 · BUILDING | ▲ +1.7% |
Complete move history
Every tracked move since the first XRP ETF launch, with disclosed dollar size, XRP reaction and a source link for each. Download as CSV.
Unlock Pro →05 · PRO ANALYSIS
Build-vs-Price Gap, weekly
Where institutions are building and the market isn't paying attention yet: the Hype vs Real Money map plus weekly opportunity callouts.
XRPTRACER PROWeekly Build-vs-Price Gap analysis
The Hype vs Real Money map and callouts on moves XRP under-reacted to, updated every Friday.
Unlock Pro →06 · PRO ALERTS
Catalyst Alerts
Get an email the moment a new institutional move lands on the ladder. Push notifications in the XRPTRACER app are coming soon.
XRPTRACER PROCatalyst Alerts
Email · you@example.com
App notifications · XRPTRACER app COMING SOON
Alert me on · L1 L2 L3 L4 L5
Also send · 72h reaction recap · Weekly gap digest
🔒 PRO
Catalyst Alerts by email
App notifications coming soon. Settings shown are a preview.
Unlock Pro →Everything on this page, the moment it moves.
- Full price-reaction breakdown by ladder level
- Complete move history with sources + CSV
- Weekly Build-vs-Price Gap analysis
- The Crowd Tracker: retail catalysts + social trends vs XRP
- Catalyst Alerts by email (app notifications coming soon)
- Friday refresh first
$29/mo or $249/yr cancel anytime
Unlock Pro →07 · PRO · THE CROWD TRACKER
The Crowd Tracker
The retail side of XRP, filtered hard: only verified catalysts with real social momentum and a real price reaction.
XRPTRACER PROThe Crowd Tracker · Pro
- Retail Heat gauge: how engaged the crowd is with XRP right now
- Vetted retail catalysts tied to how XRP actually moved
- Social momentum vs price timeline
- Editor picks, clearly marked
SUPPLY · RIPPLE ESCROW
Ripple Unlocks
1B XRP leaves escrow on the 1st of every month (since Dec 2017). Ripple re-locks most of it into new escrows; what stays out is the net release. Hover any month for the source.
Monthly release vs re-lock
Re-lock ratio
Of every 1B released, about 700M goes straight back into new escrows. That ratio has held every month in this window.
Escrow left
Reported escrow balances disagree (31.54B–35.4B, XRPScan via CoinDesk.cc / Finbold, Oct 2026). Circulating supply: CoinGecko.
On-chain check
CACHED2 tracked Ripple wallets hold 5.50B XRP in 17 escrows, maturing to 2029-06-01.
Read live from the XRP Ledger (xrplcluster.com).
MONTH-BY-MONTH TABLE + SOURCES ▾
| MONTH | UNLOCKED | RE-LOCKED | NET OUT | SOURCE |
|---|---|---|---|---|
| 2026-11 | 1,000M | 700M | 300M | Whale Alert |
| 2026-10 | 1,000M | 700M | 300M | Whale Alert |
| 2026-09 | 1,000M | 700M | 300M | Whale Alert |
| 2026-08 | 1,000M | 700M | 300M | Whale Alert |
| 2026-07 | 1,000M | 700M | 300M | Whale Alert |
| 2026-06 | 1,000M | 700M | 300M | Whale Alert |
| 2026-05 | 1,000M | 700M | 300M | Whale Alert |
| 2026-04 | 1,000M | 700M | 300M | Whale Alert |
| 2026-03 | 1,000M | 700M | 300M | Whale Alert |
| 2026-02 | 1,000M | 700M | 300M | Whale Alert |
| 2026-01 | 1,000M | 700M | 300M | Whale Alert |
| 2025-12 | 1,000M | 700M | 300M | Whale Alert |
| 2025-11 | 1,000M | 700M | 300M | Whale Alert |
WHAT HAPPENS TO THE UNLOCKED XRP ▾
| PERIOD | WHAT WE KNOW | SOURCE |
|---|---|---|
| Q1 2025 | $419.5M net sales, all secondary/OTC, none on CEX — LAST XRP Markets Report (published May 5 2025; report sunset from Q2 2025) | link |
| Q2 2025 – Q3 2026 | No official sales disclosure. On-chain: ~300M XRP/month stays unlocked (1B released − 700M re-locked). Whether it is sold is not public. | link |
| Oct 2026 | Oct 1 unlock reported untouched in wallets 'Ripple 10/11' as of Oct 27 (99Bitcoins via CoinDesk.cc) | link |
| 2022-03 | XRPL ecosystem fund: 1B XRP over 10–20 yrs (grants, accelerator, DeFi) (verified) | link |
| 2023-05 | Metaco (custody): $250M (unverified this pass) | link |
| 2025-04 | Hidden Road → Ripple Prime: $1.25B (verified) | link |
| 2025-08 | Rail (stablecoin payments): $200M (verified (The Block)) | link |
| 2025-10 | GTreasury: $1B (verified) | link |
| 2025-10 | Evernorth (XRPN) treasury: 126,791,458 XRP contributed for equity (verified (SEC)) | link |
| 2025-11 | Palisade (custody): undisclosed; Ripple says ~$4B invested into ecosystem via M&A + investments (verified) | link |
| 2025 | Ripple Impact / UBRI: $25M RLUSD donated; $74M to universities since 2018 (verified) | link |
| 2026-02 | XRPL ecosystem spend to date: $550M+ deployed since 2017; shift to distributed funding (verified) | link |
| 2026-03 | Share buyback: $750M (~$50B valuation) (unverified (single secondary mention)) | — |
Monthly re-lock figures: Whale Alert escrow posts (linked per month). Escrow schedule: Ripple's 2017 escrow program. Whether the net release is sold is not public. Data as of Nov 4, 2026 (re-lock data through Nov 1 unlock). Not investment advice.
08 · HOW WE SCORE
Methodology
The Adoption Ladder. Every institution is placed on a five-step ladder, from Watching to Running, based on verifiable public actions. Institutions only move up on real, documented commitments, and placement is XRPTRACER's editorial rating.
Institutional Adoption Score. A single 0–100 reading of how deep tracked institutions have gone on XRP. 100 would mean every tracked institution is running infrastructure on the XRP Ledger.
Market Reaction. A 0–100 reading of how XRP's price has responded to recent institutional news compared with its normal behavior. Above 50 means the market is rewarding the news; below 50 means it is shrugging it off.
Price analysis. We measure what XRP did after each move against what it typically does, and track whether adoption and price move together over time.
Sources. Every move is backed by public reporting and linked sources such as company releases and fund disclosures. Anything short of two sources is marked PENDING.
Limits. 21 tracked moves is a small sample, and correlation is not causation. Macro, ETF flows and crypto-wide moves drive most of XRP's price. Not investment advice.
Unlock the full Catalyst Tracker.
The full price-reaction breakdown, every move with sources and CSV, the weekly Build-vs-Price Gap, The Crowd Tracker and Catalyst Alerts by email (app notifications coming soon). Prefer free? Join the weekly newsletter.
Free edition · Data through Nov 14, 2026 · Updated 2026-11-14 · Not investment advice