Important Ripple News and XRP Price Update: October 30
Ripple closed out a extremely busy Swell 2026 convention with main bulletins and developments involving some business and TradFi giants equivalent to Coinbase, Robinhood, and BNY, in addition to main regulatory information.
Meanwhile, XRP Ledger builders proposed tighter management for permissioned property. However, Ripple’s cross-border token has slumped to new native lows.
Ripple News
Perhaps probably the most notable takeaway for the XRP Army from Swell got here instantly from CEO Brad Garlinghouse, who pushed back towards issues that the corporate’s quickly increasing RLUSD enterprise has sidelined XRP. He described the latter because the agency’s “North Star,” saying Ripple solely desires to pursue actions that profit the cross-border token. Nevertheless, he acknowledged that RLUSD or fiat currencies might be extra acceptable for sure monetary transactions.
The stablecoin itself obtained a number of vital boosts that prompted the aforementioned claims throughout the Ripple group. Coinbase expanded entry throughout a number of of its platforms, together with Coinbase Prime, Coinbase Exchange, and its retail app, with help spanning XRPL, Ethereum, and Base.
Ripple additionally unveiled a broader partnership with Robinhood, below which RLUSD will play a job throughout Bitstamp, institutional settlement, and finally the principle utility. Vlad Tenev’s firm will combine Ripple Treasury into its inner monetary operations.
Separately, BNY expanded custody help to XRP and RLUSD, whereas Moody’s assigned the stablecoin an A2 long-term and P-1 short-term investment-grade ranking, with the latter representing the company’s highest short-term grade below its stablecoin framework.
Ripple mentioned its product income run fee is approaching $900 million yearly. The firm additionally received remaining OCC approval to determine Ripple National Trust Bank, giving it a federally supervised entity designed to help RLUSD reserves and institutional digital-asset custody.
Ripple’s corporate-finance ambitions additionally grew, with Ripple Treasury bringing together AI-powered money administration, funds, forecasting, and liquidity instruments, together with 24/7 Returns for eligible companies holding qualifying digital property equivalent to RLUSD.
XRPL Developments
The XRP Ledger can also be receiving new institutional use instances as Ripple and C2FO are working to deliver the latter’s Instant Pay settlement platform onto XRPL. They additionally need to use RLUSD to assist suppliers obtain funds in seconds somewhat than ready days for typical financial institution transfers to clear.
XRPL devs proposed 4 code modifications designed to tighten restrictions round permissioned tokens, equivalent to regulated stablecoins or tokenized funds that issuers solely need authorized accounts to carry. The proposed fixCleanup3_5_0 improve would shut a number of remaining exceptions, together with routes involving automated market makers, and would usually limit unapproved holders to returning tokens to their issuer till authorization is granted.
At the identical time, Flare joined the XRPL validator listing, whereas the XRP Ledger Foundation dropped Anodos Finance because the undertaking requested to be eliminated forward of a deliberate validator shutdown by the top of the month.
XRP Price Update
Although Ripple had fairly the spectacular second a part of October, the underlying token has fallen with the remainder of the market. XRP was rejected at $1.40 on October 21 and the next correction pushed it south to $1.25.
It rebounded within the following days and challenged $1.35 after the Fed paused rate of interest hikes on (*30*). However, the biggest hack towards any crypto trade that unfolded earlier this morning resulted in a market-wide crash that drove XRP to a multi-month low of $1.19.
Despite recovering barely since then, the asset stays 4% down on the day. It has slipped by 6% weekly, whereas its market cap has tanked to below $80 billion.
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