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Ripple USD gains new institutional services as XRP hits monthly low amid market moves

Market News
18 Oct 2026
Tokenpost
View Source
Bullish
Ripple USD gains new institutional services as XRP hits monthly low amid market moves

Two banks, Standard Chartered and Cross River Bank, announced new institutional services involving Ripple USD (RLUSD) and XRP Ledger settlements. Standard Chartered will offer custody for RLUSD in Dubai, while Cross River plans to enable RLUSD and XRP payments through a unified API. Ripple also launched 24/7 perpetual swaps linked to real-world assets, expanding institutional trading options. Meanwhile, XRP's price dropped to $1.27 during a flash crash on October 17, highlighting market volatility. Evernorth Holdings began trading on Nasdaq with significant XRP holdings, raising $300 million in cash proceeds.

Ripple USD (RLUSD) services and XRP price moves provide context for crypto markets. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 18, 2026 13:21 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include SNX at Rp3.833 with a -4.91% change and 95% buy order activity, ENJ at Rp502 with -4.44% change and 81% sell order activity, and YFI at Rp39.314.829 with -4.41% change and 100% buy order activity.

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