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XRP rises 0.62% after Ripple gets final OCC approval for national trust bank

Market News
27 Oct 2026, 11:25 WIB
Blockonomi
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Bullish
XRP rises 0.62% after Ripple gets final OCC approval for national trust bank

XRP gained 0.62% to $1.29 following the Office of the Comptroller of the Currency's final approval for Ripple National Trust Bank, which will support RLUSD stablecoin reserves and enterprise digital asset custody under federal supervision. This regulatory milestone boosts confidence in Ripple's institutional services but does not guarantee immediate XRP demand. Large XRP holders control 68.5% of the supply, signaling strong whale accumulation. Traders watch key price levels at $1.25 support and $1.30 resistance, with $1.50 marking a stronger recovery if surpassed. The upcoming Ripple Swell conference may further influence sentiment.

XRP on Pluang trades at Rp23.526 as of Oct 27, 2026 15:41 WIB, showing a 1.56% gain over the day, which is slightly stronger than the 0.62% rise noted in USD terms. Despite this, XRP's circulating supply on Pluang is 63.4 billion out of a total 100 billion, indicating 64% availability. The platform sees a high sell order activity at 84%, contrasting with only 16% buy interest, while typical holders keep XRP for about 72 days, highlighting cautious trading behavior amid regulatory developments.

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