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Ripple's DriveWealth partnership aims to boost XRP usage but impact on XRP demand remains unclear.

Market News
19 Oct 2026
Tokenpost
View Source
Neutral
Ripple's DriveWealth partnership aims to boost XRP usage but impact on XRP demand remains unclear.

Ripple's partnership with DriveWealth plans to use Ripple USD (RLUSD) for settlement on the XRP Ledger in Europe and later in the U.S., focusing on stablecoin settlement, cross-border payments, and digital asset custody. However, the effect on XRP demand is uncertain as the partnership has not specified how much XRP will be used, and the settlement service has no launch date yet. Meanwhile, Standard Chartered has launched a custody service for RLUSD, and plans to accept RLUSD as collateral with Ripple and LMAX Group are ongoing. These developments highlight progress for RLUSD but leave XRP's direct benefits from these partnerships unclear.

While Ripple advances its partnership with DriveWealth to expand RLUSD settlement services, XRP's direct impact remains uncertain. On Pluang, XRP trades at Rp23.479 with a market cap of Rp1.486,23 trillion as of Oct 20, 2026 05:42 WIB. The token shows a 0.96% gain in the last day, with a 24-hour trading volume of Rp29,28 trillion and a typical hold time of 72 days, reflecting steady investor interest amid ongoing developments.

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