On The Chain - Blockchain and Cryptocurrency News + Opinion

XRP slipped under $1 on Friday for the first time since August, after nine straight red days and $330M liquidated across crypto in two hours. Jeff and Chip dig into who actually sold. The spot XRP ETFs barely moved, and wallets holding 1 million+ XRP hit their highest count of 2026. Meanwhile Ripple is on track for $900M a year, has its national trust bank charter, and RLUSD added $972M in 90 days. So why is XRP sitting at 99 cents?

Spot XRP ETFs turn one: over 1 billion XRP held, $1.152B in net assets, and a $1.09M net outflow on Nov 13.
Marble's $11M seed round, with Ripple among the backers.
Grok's stablecoin ranking puts USDD first and RLUSD third.
The "Make XRP Great Again" open letter to Brad Garlinghouse, and Chip's reply: Ripple owes you nothing.
SBI's Yoshitaka Kitao is asked if he still trusts XRP.
Also: the biggest POW exchange of the Ukraine war, Stephen A. Smith's interview with Trump, Dominik Tarczyński at the European Parliament, Hakeem Jeffries heckled by his own side, and the soft launch of Badassery streetwear.

Watch the full show: https://www.youtube.com/watch?v=1rkT7J2ZzLk

Show notes: https://onthechain.io/podcast/whales-are-grabbing-xrp-under-1/

Not financial advice.

David Schwartz, the CTO Emeritus who helped write the XRP Ledger, says he went from about 26 million XRP to about 3 million and sold nearly all his Bitcoin and ETH too. He calls it risk tolerance, with sales set on written plans 30 days ahead through an attorney, and he still holds Ripple stock. The news landed with XRP at $1.05, its lowest since August and down almost 20% on the week. Jeff and Chip walk through what he actually said, and why one of his own posts argues against the panic.

Also: RLUSD transfer volume on the XRP Ledger went from $2.2B in January to $20.1B in October, PNC pilots stablecoin payments with Coinbase, Bruce Fenton and John Deaton on tokenized shares, Squid Router at XRP Seoul, and a first look at the new Badassery streetwear site. In Geopolitics: the midterm fallout, the voter-roll numbers, Rubio's 2015 Iran warning, Lincoln and the Insurrection Act, and why Republicans have two months to pass everything.

Show notes and links: https://onthechain.io/podcast/he-sold-23-million-xrp/

BlackRock says that in 12 months some on-chain markets will be deeper than traditional markets, and Jeff and Chip ask the question every XRP holder should be asking: is that window yours? Chip, fresh off Ripple's Swell in New York, walks through the Platinum Summit two doors down from BlackRock's Hudson Yards office, his run-in with Jack McDonald, and the September RLUSD attestation showing distribution on Coinbase and Robinhood and institutional use at BNY, Standard Chartered and DriveWealth. Flare joins the XRPL Foundation's recommended validator list as Anodos steps away, John Lilic lays out how $35B a week settling on the XRP Ledger could flip ETH, and with XRP at $1.25 and down 50% on the year, the chat asks: is this the bottom?

Then geopolitics with the midterms two days out: Mike Waltz shuts down Cuba at the UN, the path to the Senate majority, Haley Stevens crosses over to endorse Mike Rogers in Michigan, Fetterman torches Abdul El-Sayed, and Dave Rubin's AI short on the DSA. Go vote Tuesday.

Watch: https://youtube.com/live/tUrwALR0VcI

Show notes: https://onthechain.io/podcast/xrp-holders-do-you-have-12-months/

Chip is back from Ripple's Swell in New York with a firsthand debrief. With the U.S. Treasury Secretary on stage beside Brad Garlinghouse and the midterms days away, Jeff and Chip break down why XRP just became Washington's problem, and why the crypto rules being written now may be harder to undo than people think.

• Treasury Secretary Scott Bessent's surprise sit-down with Brad Garlinghouse, and the Democratic strategist who said the CLARITY Act likely stalls if Democrats win back Congress.

• Chip's conversation with Ripple Chief Legal Officer Stu Alderoty on why new SEC rulemaking would be hard for a future SEC chair to reverse.

• Brad Garlinghouse on why XRP is still at the heart of Ripple, and how RLUSD on the XRP Ledger brings liquidity back to XRP.

• Matt Damon and Water.org: Ripple Payments and RLUSD powering water microloans with a 98%+ repayment rate.

• Inside Swell: The Shed at Hudson Yards, the XRP subway train under Times Square, and Stefan Thomas revealing he now owns Coil.

• Also in the back half: the Binance hack and why you never keep your whole stack in one place.

Watch and read more: https://onthechain.io/podcast/xrp-just-became-washingtons-problem/

With all the attention on RLUSD, where does that leave XRP? At Ripple Swell 2026, Brad Garlinghouse answered it: XRP is still Ripple's North Star, and about half of all RLUSD is now issued on the XRP Ledger. Jeff flies solo with Chip on the ground in New York: Robinhood and Bitstamp, Evernorth on $400B in tokenized assets, RedotPay, AI agents moving money with AWS, Stripe and Mastercard, XRPL smart features, and the XRP TipBot's return on Xahau. Plus geopolitics: Venezuela oil lands in Texas, the methane rollback, a $1M voter fraud reward, and Trump's answer to Obama.

Watch the show: https://youtu.be/OvObNVHDIDM

Badassery Coffee: https://badasserycoffee.com

X: @On_The_Chain @Jeff_OnTheChain @stephenchip

Not financial advice. For informational and entertainment purposes only.