Ripple secured final U.S. approval to establish its national trust bank and expanded partnerships with major financial firms in October, projecting $900 million in annual product revenue. Despite these milestones, XRP, the associated cryptocurrency, dropped about 16% during the month, extending its 2026 losses to 32%. The decline reflects that Ripple's business growth and institutional adoption do not directly translate into increased demand for XRP as an investment asset, since Ripple's revenue comes from services rather than XRP ownership or usage. This distinction explains why XRP's price can fall even as Ripple expands its regulated financial infrastructure and client base.
XRP trades at Rp22.649 on Pluang as of Nov 02, 2026 01:21 WIB, with a market cap of Rp1.436,45 trillion and a 1-day change of -0.29%. Despite Ripple's recent U.S. bank approval and expanded partnerships, XRP's price remains under pressure, reflecting a disconnect between Ripple's business growth and XRP's investment demand. On Pluang, the typical hold time for XRP is 73 days, with a nearly balanced order activity of 48% sell and 52% buy.
Binance transferred a total of $400.8 million in cryptocurrency to unknown wallets within a three-hour period ending at 1 p.m. ET on November 1. The largest transaction was a $190 million transfer of two million Solana (SOL) tokens. Other significant...
Exchange wallets saw a net outflow of 133 million XRP in the week ending October 31, just before Ripple released 1 billion XRP from escrow on November 1. This release lowered Ripple's locked XRP from 31.4 billion to 30.4 billion tokens. Despite the l...
Binance plans to restart XRP withdrawals on November 1 between 1–4 a.m. ET following a security breach on October 29 that resulted in an estimated $6.3 billion loss in token assets. The exchange reported that about $3 billion of assets were frozen on...
XRP has stabilized around the key $1.25 support level, defending its 200-week moving average despite a recent market sell-off triggered by a $6.3 billion Binance hack. This level is critical as it represents a historical support zone where buyers hav...
Crypto commentator BrutallyHonest criticized Ripple and its CEO Brad Garlinghouse for allegedly misleading the XRP community about the use of RLUSD and XRP in payments. He argued that RLUSD, not XRP, is used for all cross-border dollar-to-dollar and ...
