FeesSafety
Pluang+

BNY offers XRP custody but institutional buying demand remains uncertain

Market News
10 Nov 2026, 14:44 WIB
Coinpaper
View Source
Neutral
BNY offers XRP custody but institutional buying demand remains uncertain

BNY Mellon has added XRP and RLUSD to its Digital Asset Custody platform, allowing institutions to store these assets within a traditional financial framework. However, this move does not necessarily increase actual XRP purchases, as custody services alone do not create new demand. XRP ETFs show mixed investor flows, with recent withdrawals despite overall substantial assets held. Ripple's expanding financial services with BNY, including tokenized finance and RLUSD minting, may boost XRP Ledger activity but do not guarantee increased XRP buying by institutions.

While BNY Mellon's addition of XRP custody services may pave the way for more institutional involvement, XRP's market activity on Pluang shows a different picture as of Nov 10, 2026, 20:02 WIB. XRP trades at Rp19.487 with a 1-day decline of 2.35%. Market cap stands at Rp1.237,41 trillion, and 24-hour trading volume reaches Rp41,41 trillion. On Pluang, order activity slightly favors buying at 54%, with typical holding periods around 73 days, indicating steady but cautious investor interest.

More News (XRP)

XRP ETFs see $10.42M outflows despite Ripple's banking growth efforts

XRP ETFs see $10.42M outflows despite Ripple's banking growth efforts

US spot XRP ETFs experienced $10.42 million in net outflows on November 9, led by Bitwise's XRP ETF with $9.397 million withdrawn. This decline in demand occurred even as Ripple expanded its institutional banking and custody services, including feder...

Market News
Bearish
5 hours ago
XRP Ledger proposes quantum-resistant signatures to protect accounts by 2028 without raising transaction fees.

XRP Ledger proposes quantum-resistant signatures to protect accounts by 2028 without raising transaction fees.

The XRP Ledger Foundation has proposed introducing ML-DSA-44 quantum-resistant signatures to protect XRP accounts from future quantum computing attacks. This upgrade allows users to replace vulnerable signing keys without changing addresses or increa...

Protocol Fundamentals
Bullish
5 hours ago
Bitcoin and XRP see notable rises in dollar-margined long positions; Dogecoin's long account share dips.

Bitcoin and XRP see notable rises in dollar-margined long positions; Dogecoin's long account share dips.

On November 10, 2026, Bitcoin and XRP experienced significant increases in their dollar-margined long position shares, rising by 3.38 and 2.63 percentage points respectively, signaling growing bullish sentiment. Dogecoin's dollar-margined long accoun...

Neutral
5 hours ago
XRP has a 10% chance to hit $10 by 2030, with 2030 being the likeliest year, says ChatGPT forecast.

XRP has a 10% chance to hit $10 by 2030, with 2030 being the likeliest year, says ChatGPT forecast.

ChatGPT forecasts that XRP has a 10% cumulative probability of reaching $10 by the end of 2030, with the strongest chance in the second half of that year. To hit $10 from its current price near $1.10, XRP would need an 800% increase, requiring major ...

Technical Signals
Neutral
6 hours ago
XRP funding rates on Binance hit 1-year high despite $10.4M ETF outflows amid price correction.

XRP funding rates on Binance hit 1-year high despite $10.4M ETF outflows amid price correction.

XRP's funding rates for perpetual futures on Binance have reached their highest level in over a year, signaling strong bullish derivatives positioning despite a recent 30% price correction. Meanwhile, spot XRP ETFs saw net outflows of $10.4 million, ...

Technical Signals
Neutral
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App