This marks a new era for the Fed in the payment sector— the defi industry is no longer doubted or underestimated. On the contrary, today you are welcome to participate in discussions about the future of payments in the United States." said Fed Governor Christopher J. Waller at the Payment Innovation Conference on October 21.
At the same time, XRP price successfully defended the $2.43 support level on October 22, with intraday trading volume rising against the trend by 13.35%, reaching nearly $4.68 billion.
01 Fed’s Shift in Attitude
The inaugural Payment Innovation Conference hosted by the Fed symbolizes a historic shift in the central bank’s attitude towards the cryptocurrency industry.
Waller clearly stated in his speech: "This is a new era for the Fed payment system - the DeFi industry is no longer doubted or underestimated."
In just a few short years, the Fed’s position has undergone a fundamental change from "unimaginable" to "welcome to participate."
This conference brought together traditional financial giants and crypto innovators, including Ark Invest founder "Cathie Wood" and BlackRock COO Rob Goldstein, among other heavyweight figures.
The Fed is actively embracing the technological revolution in the payments sector, viewing distributed ledger technology, stablecoins, and artificial intelligence as key forces in transforming the payment system.
02 "Payment Account" Proposal
Waller announced at the meeting that he has asked Fed staff to explore what he calls a "payment account" new concept.
This new type of account, referred to as the "Streamlined Master Account," will provide legally qualified institutions with direct access to the Fed’s payment systems.
Breaking down bank barriers
Currently, only chartered banks can directly use these payment rails.
The new payment accounts will be open to all legally qualified institutions, especially those focused on payment innovation, such as fintech and blockchain companies.
This means that fintech and cryptocurrency companies can bypass traditional banking intermediaries and connect directly to the core of the U.S. financial infrastructure.
Risk control design
This "streamlined" master account will provide access to the Fed payment channels, while "controlling various risks faced by the Fed and the payment system."
Unlike a complete master account, it does not include services such as borrowing from the Fed or earning interest on reserves, while limiting financial stability risks with open access.
03 XRP Strong Momentum
While the Fed is sending positive signals, XRP is showing strong market performance.
Price is steadily supported
As of the latest data on October 22, the trading price of XRP is around $2.43, successfully defending this key support level.
Although there has been a slight decline from the recent high of $2.54, XRP The daily trading volume, however, surged by 13.35%, reaching nearly 4.68 billion dollars.
Market analysts indicate that stable prices accompanied by rising trading volumes may suggest that "smart money" is accumulating positions.
The technical structure looks good.
Technical analysis shows that the XRP/USDT trading pair has formed a bullish reversal head and shoulders pattern.
This pattern indicates that if the price breaks through the neckline at $2.50, it may open the path to the target of $3.10.
The monthly chart of XRP shows that after consolidating around $0.30 for 15 months, it is now fluctuating between $2.00 and $3.00.
The higher lows and higher highs at this stage indicate that a bullish structure is forming.
04 Ripple Development Prospects
Ripple is likely to be one of the main beneficiaries of the Fed’s new policy framework.
Directly access the payment system
Ripple applied for a Fed master account earlier this year, and the Fed’s "payment account" proposal may provide the long-awaited regulatory breakthrough for the company.
This will allow Ripple to directly inject RLUSD stablecoin and XRP liquidity into the US payment network, reducing reliance on intermediary banks.
Expand institutional business
Recently, Ripple announced the acquisition of the fund management company GTreasury for $1 billion, aiming to integrate blockchain liquidity solutions into corporate financial systems.
At the same time, Ripple also supports the newly listed entity Evernorth, which seeks to raise over $1 billion to hold and deploy XRP as an institutional liquidity asset.
These measures indicate that Ripple is actively expanding its institutional business scope, paving the way for the application of XRP and RLUSD in the traditional financial sector.
05 Market Dynamics Analysis
On-chain data confirms a positive trend
Despite the sale of approximately $120 million worth of XRP tokens by Ripple co-founder Chris Larsen, XRP’s market performance still shows resilience.
The number of XRP addresses holding over 100 tokens is increasing, indicating that institutional investors and large holders are accumulating positions.
Derivatives market stability
The XRP derivatives market shows signs of stability, with the futures open interest recovering from about $3.5 billion on Sunday to $3.8 billion.
This slight increase reflects that market sentiment may be shifting from bearish to bullish.
Technical indicators improve
The Relative Strength Index (RSI) on the daily chart has still formed higher lows despite the price decline, indicating a potential recovery in the short term.
The Moving Average Convergence Divergence (MACD) indicator also suggests that a buy signal may appear on the daily chart.
06 Future Outlook
The Fed’s payment account proposal and XRP’s strong momentum together paint a future picture of the accelerated integration of cryptocurrency and traditional finance.
Evolution of Regulatory Framework
The Fed Payment Innovation Conference discussed three core topics: stablecoin regulation, the application of artificial intelligence in the payment field, and asset tokenization.
In the future, there may be clearer capital adequacy and liquidity reserve requirements for the issuers of stablecoins, further regulating anti-money laundering standards in cross-border payment scenarios.
Technology integration accelerates
The Fed is not only discussing innovation but also actively practicing it.
Waller stated, "We are also looking to the future, conducting practical research on tokenization, smart contracts, and the intersection of AI and payments for our own payment systems."
This technological exploration will accelerate the integration of blockchain technology with traditional financial infrastructure.
The future of XRP is bright.
If XRP can maintain the support level of $2.43 and break through the resistance level of $2.70, it may confirm a short-term bullish reversal and rebound to levels of $3.05 or even $3.40 in the coming weeks.
With the continuous expansion of the Ripple ecosystem and the growth of RLUSD’s market capitalization (which is currently close to 1 billion dollars), XRP is expected to play a more important role in compliant blockchain payment models.
Future Outlook
Technical charts show that XRP is currently oscillating within a key range of $2.30 to $2.70. A breakout above the $2.70 resistance level could confirm a short-term bullish reversal, opening the path to $3.10.
The Fed’s "payment account" proposal may enter the implementation phase within a few months. For ordinary investors, paying attention to the specific timeline for the Fed account policy and how XRP defends the support level at $2.30 will be key to grasping future trends.
