As scrutiny intensifies across centralized platforms, Bybit’s latest XRP reserve update has emerged as a notable data point worth closer examination.

The update was brought to public attention by crypto analyst Xaif on X, who highlighted Bybit’s 29th proof-of-reserves disclosure and its implications for XRP holders. Rather than raising alarms, the figures presented offer a snapshot that reinforces confidence in how the exchange manages and safeguards user XRP balances.

BYBIT 29th PROOF OF RESERVES $XRP UPDATE

User Holdings Snapshot (Dec 17): 262,619,809 XRP

Bybit Wallet Reserves: 267,603,595 XRP

Reserve Ratio: 101% (Fully backed + excess on-chain proof!) https://t.co/RXfocppsRi pic.twitter.com/08CD2PsqTj

— Xaif Crypto| (@Xaif_Crypto) December 25, 2025

XRP User Holdings and On-Chain Reserves

According to the December 17 snapshot cited in the update, total XRP held on behalf of users on Bybit amounted to 262,619,809 XRP. This figure represents the full extent of customer liabilities in XRP at the time the snapshot was taken.

In comparison, Bybit’s publicly verifiable on-chain wallets reportedly held 267,603,595 XRP in reserves. The excess of reserves over user holdings is a critical distinction, as it demonstrates that the exchange was not merely matching liabilities but holding more XRP than required to cover customer balances.

Interpreting the 101% Reserve Ratio

The resulting reserve ratio of 101% indicates that Bybit’s XRP reserves exceeded user liabilities by a measurable margin. In practical terms, this means all customer XRP was fully backed, with additional XRP held as surplus.

Such over-collateralization is generally viewed as a positive indicator, suggesting an added liquidity buffer in the event of sudden withdrawal demand or market stress.

Within the framework of proof-of-reserves reporting, a reserve ratio above 100% strengthens the credibility of an exchange’s custody claims, especially when balances are verifiable on-chain.

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Why This Update Matters for XRP Holders

For XRP holders using centralized exchanges, reserve transparency carries particular weight. XRP’s global liquidity role and its increasing relevance in institutional and cross-border payment discussions make custody assurance a key concern.

A fully backed and slightly over-reserved position reduces counterparty risk and provides reassurance that user funds are not being rehypothecated or fractionally reserved.

Bybit’s continued publication of reserve snapshots also allows users to monitor consistency over time, rather than relying on isolated disclosures.

A Broader Transparency Signal

This 29th proof-of-reserves update reflects a broader industry shift toward sustained, repeatable transparency. While proof-of-reserves is not a substitute for comprehensive financial audits, it has become an important baseline standard for centralized exchanges seeking to maintain user trust.

As highlighted by Xaif, Bybit’s XRP reserve position as of December 17 stands as a clear example of how on-chain verification can reinforce confidence in exchange solvency. In a market where trust is earned through data rather than declarations, this update sends a signal that Bybit is actively aligning with evolving transparency expectations.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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JackTheRippler (@RippleXrpie), a prominent figure within the XRP community, shared a video showing a glitch that temporarily sent XRP’s price to over $9,000.

This incident, while quickly identified as a glitch, generated significant buzz and a range of reactions from the community.

At the press time, XRP traded at $0.5912, and a surge to $9,000 seems unimaginable. JackTheRippler’s video highlighted this unusual price surge, and his post quickly garnered attention and responses from a wide collection of users. The reactions varied from humor to optimistic speculation about XRP’s future.

BOOOOOOOOOOOOOOOOOOM!!!

Legendary glitch to over $9,000 per #XRP!

Is this the real price of XRP? pic.twitter.com/YVOmgo7pdr

— JackTheRippler ©️ (@RippleXrpie) September 24, 2024

XRP Army Responds to Price Glitch

One user humorously remarked, “Dammit! My trigger sell price is on $11,000,” indicating the surge stopped just below the outrageous exit level he was watching for. The glitch led to further speculation, with another user stating, “Some people say $50,000 per #XRP, so that must have been real,” mixing sarcasm with bullish hopes for the digital asset.

However, not all users share this lighthearted tone, as another user expressed a more serious tone, stating that the glitch would happen soon.

The excitement generated by this glitch is not entirely surprising. XRP, known for its significant role in facilitating cross-border transactions, has a dedicated following that closely monitors its price movements and developments. It has experienced many notable glitches over the past few years.

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XRP Glitches and Potential Growth

The possibility, albeit remote, of XRP reaching such high valuations feeds into the broader narrative of substantial growth potential within the cryptocurrency market. While the glitch does not indicate XRP’s actual market value, many see it as a potential target the digital asset will soon hit, as they believe its price is being suppressed.

The glitches, however, highlight the susceptibility of trading platforms to technical errors that can create temporary, exaggerated price movements. However, when trading on these exchanges, the actual price is used instead of the glitched display price.

The overwhelming positivity and excitement from the community, as reflected in the responses to JackTheRippler’s post, underscore the strong belief in XRP’s future potential. Despite the glitch being a technical error, the community is excited as RIpple’s partnerships expand and XRP adoption increases.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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This integration advances Bybit’s commitment to making cryptocurrency investments more accessible, particularly for those new to the market. By eliminating the complexities often associated with crypto purchases, customers can now buy SHIB and other crypto assets with a single click and in any of the 35 currencies supported by Google Pay.

Read Also: Bybit Launches XRP Trading Against Euro To Enhance User Experience

“Bybit is committed to providing users with the most convenient and cost-effective ways to enter the exciting world of cryptocurrency.  The Google Pay integration marks a significant step towards achieving this goal, offering a seamless and secure experience for all,” said Ben Zhou, Bybit’s Co-founder and CEO.

Google Pay Continues Expansion

Bybit’s move aligns with Google Pay’s ongoing global expansion and its rising popularity in both developed and emerging markets. The widespread adoption of Android devices has propelled the growth and reach of the integrated payment solution.

In a Times Tabloid report last year, Binance, the largest cryptocurrency exchange globally, introduced a similar integration in December 2022, allowing users to pay with Google Pay and Apple Pay.

Like Binance, Bybit strategically positions itself to cater to those markets where Google Pay is extensively used, enabling frictionless transactions for users in supported regions who simply connect their Google Pay accounts to make instant purchases.

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Read Also: VEXT IS LIVE ON BYBIT NOW

Bybit: A Strong Supporter of Shiba Inu

Bybit has consistently demonstrated its backing for Shiba Inu (SHIB). It listed the popular meme-coin in December 2021. The exchange followed this with features aimed at simplifying SHIB trading and purchases. In August 2022, they further expanded user options with the introduction of a dedicated spot trading pair for Shiba Inu.

Bybit’s substantial holdings of 366,688,330,690 SHIB tokens, confirmed as of December 2022 in its proof of reserves report, underscore this support.

To promote Shiba Inu adoption, Bybit launched a 10 billion SHIB airdrop shortly after its initial listing and hosted a $20,000 giveaway campaign focused on Shiba Inu and other meme-inspired assets in May last year. Integrating Google Pay promises to bolster ongoing efforts and potentially drive further interest in SHIB.

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This move comes in the wake of Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC), prompting a surge in interest surrounding the digital asset.

Read Also: Coinbase Leverages Ripple and XRP Victory In Motion to Dismiss SEC Lawsuit

Diversifying Trading Opportunities

In a blog post published on September 4, Bybit excitedly announced the expansion of its trading pairs to include XRP/EUR. This development now enables users to seamlessly trade XRP for Euro, further bolstering the range of investment options on the trading platform.

Bybit has also introduced Euro trading pairs for seven other cryptocurrencies, including BTC/EUR, ETH/EUR, LTC/EUR, DOGE/EUR, ADA/EUR, USDC/EUR, and SOL/EUR, catering to the diverse needs of its growing user base.

Ripple’s Legal Win Propels Exchange Listings

Ripple’s legal triumph in the courtroom has ignited a wave of enthusiasm amongst the cryptocurrency community.

U.S. District Judge Analisa Torres ruled in July that XRP does not qualify as a security when purchased by retail investors through crypto exchanges or used by service providers. Since then, several prominent cryptocurrency exchanges have hastened to introduce or reintroduce XRP to their vast user base.

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Read Also: XRP Surge To $50 on Gemini Wasn’t a Glitch, Expert Foresees Bigger Shocker Based On XRP Supply

Echoing Adoption

Bybit’s decision to introduce XRP trading against the Euro follows in the footsteps of other top exchanges in the sector. The Liechtenstein Cryptoassets Exchange (LCX) listed XRP against popular trading pairs shortly after Ripple’s victory, including USD Coin (USDC), Euro, and its own native currency, LCX. Popular platforms like Gemini, Coinbase, Kraken, and Crypto.com also quickly replicated this move, reintegrating XRP and giving customers fresh investing opportunities.

Bybit’s introduction of XRP trading against the Euro signifies a significant stride towards expanding user investment possibilities. Alongside other exchanges that have embarked on relisting XRP, this demonstrates the growing confidence in Ripple’s victory against the SEC and the resurgence of interest in XRP as a viable digital asset.

As cryptocurrency enthusiasts eagerly navigate this evolving landscape, Bybit remains firmly committed to empowering its users with enhanced trading experiences, further solidifying its position as a leading crypto exchange.

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To give users and the ShibArmy more trading options, Bybit, a top digital assets ecosystem has introduced a new Spot trading pair for Shiba Inu, SHIB/USDC. 

Over 5 million registered ByBit users can now trade the second-largest dog-themed token on the platform with the largest stablecoins, USD Coin (USDC) and Tether (USDT).

Per the update, the exchange introduced 3 other USDC Spot pairs including; GMT/USDC, LINK/USDC, and CHZ/USDC. 

Bybit is thrilled to announce the addition of 4 new $USDC Spot pairs!

$GMT/USDC: https://t.co/rd6oCaRzZi
$LINK/USDC: https://t.co/enjKeiVV6Y
$SHIB/USDC: https://t.co/476kezWyA8
$CHZ/USDC: https://t.co/V3LGEE9ct2 pic.twitter.com/4RWshDaFZ5

— Bybit (@Bybit_Official) August 30, 2022

ByBit Continues to Support Shiba Inu (SHIB)

The Singapore-based crypto exchange first supported Shiba Inu (SHIB) trading in December 2021, when it introduced the SHIB/USDT spot trading pair. Shiba Inu’s listing on ByBit happened after the meme token got supported on the largest US-based crypto exchange.

On September 17, 2021, Coinbase listed Shiba Inu (SHIB) on its trading platform. This was a major boost for the token as it gained massive interest from investors. In consequence, Shiba Inu’s price rose by over 40% in the following 48 hours. 

Due to the recent market downturn, Shiba Inu (SHIB) has been heading south in the crypto market, declining by over 8% in the last 7 days. At the time of writing, Shiba Inu is trading for $0.00001209 per token, according to data from Coinmarketcap. 

Read Also: What Will You Do If Shiba Inu Hits 1 Cent? SHIB Investors from These Two Countries Speak

When SHIB Rally?

Although the meme token is trading far below its all-time high of $0.000086, some crypto investors believe that Shiba Inu could repeat the rally it displaced in late 2021, owing to many positive developments surrounding the project. 

The community behind Shiba Inu (SHIB) has been very active in terms of building and developing the token ecosystem. More so, to reduce the supply of Shiba Inu, millions of SHIB tokens are being burned daily ever since the introduction of the burn initiative. 

Related: SHIB Burn Rate Rises 235%, Almost 400 Million SHIB Destroyed in the Past 24 Hours

Earlier this year, Shytoshi Kusama, a lead developer in the Shiba Inu community, outlined several projects to be onboarded in 2022, which include Shiba Collectible Card Game (Shiba Eternity), SHIB: The Metaverse, and Shibarium among others. 

Significant progress has been made in the actualization of these projects. Notably, the Shiba Eternity game is currently in the final testing stage and is speculated to be launched in September as commented by William Volk, the game’s lead designer, and consultant.

At the moment, the testing is only open for Vietnam users while Indonesians would be the next to access the test version of the Shiba Eternity game. Meanwhile, Shibarium, a layer 2 protocol is also close to being rolled out.

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