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Ripple's bank deals may grow business but don't boost XRP token demand yet

Market News
26 Oct 2026, 20:03 WIB
Dailycoin
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Ripple's bank deals may grow business but don't boost XRP token demand yet

Ripple's expanding partnerships with banks like Standard Chartered involve custody of its stablecoin RLUSD but do not create significant demand for the XRP token itself. Analyst Dana Love highlights that holding or using RLUSD does not require banks or clients to buy or hold XRP, limiting immediate price impact. The collateral remains with the banks, and on-chain transactions burn small XRP fees, but no large XRP inflows are evident from these deals. The upcoming Ripple Swell conference may reveal clearer XRP demand signals, such as escrow locks, XRP acceptance in Ripple Prime, or live XRP bridge volumes. Until then, Ripple's business growth does not necessarily translate to higher XRP token demand or price gains.

XRP is trading at Rp23.486 on Pluang with a slight 0.32% decline over the past day. The token's market cap stands at Rp1.495,99 trillion while trading volume reached Rp29,65 trillion. As of Oct 27, 2026 00:22 WIB, most Pluang users are buyers, holding XRP for an average of 72 days.

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