XRP trades near $1.42 after losing $1.50. We check the $10 forecasts, the charts and the market cap math to see if XRP can really reach $10.
Franklin and Canary saw outflows on Oct. 6 even as the five tracked funds gained net inflows, while wallet migrations complicate the supply story.
Flare CEO Hugo Philion challenged Ripple CTO David Schwartz, claiming he underestimates the real potential of XRP lending. Through Protocol Managed Wallets and Flare Confidential Compute, the infrastructure has already channeled $7.2 million in loans backed by 10.8 million Wrapped XRP.
TL;DR: Ripple has expanded its relationship with global investment manager Brevan Howard, with Ripple Prime now providing multi-asset prime brokerage, clearing and financing services to Brevan Howard funds. The agreement pushes Ripple further into institutional market infrastructure spanning both traditional and digital assets.
Ripple has released an update to its institutional platform, Ripple Custody version 1.43, adding support for the Canton Network. The release allows banks and funds to custody the native Canton Coin (CC) and CIP-56 tokens within a single secure environment, marking a major strategic move by the company to dominate the Wall Street tokenization market.
Paxos has added XRP to its Crypto Brokerage platform, enabling partners to offer buying, selling, holding, depositing, and withdrawing for a token the company says is held across more than 8.1 million wallets.
The $1 billion XRP fund postponement comes amid a clerical error, not a market condition-based adjustment.
FXRP lending markets on Ethereum use XRP-linked collateral, while XLS-66 would add native lending tools to the XRP Ledger if activated.
Hedge fund Brevan Howard, which manages around $35 billion in assets, has selected Ripple Prime to handle its multi-asset prime brokerage, clearing, and financing services. This integration deepens the relationship between both firms, following the investment giant's prior participation in Ripple's $500 million funding round.
Ripple CTO David Schwartz is underestimating the true potential of lending on the XRP Ledger, and the Flare Networks ecosystem is ready to prove it in practice. Flare CEO Hugo Philion made this ambitious but friendly claim.
Evernorth delayed its Nasdaq debut after shares of the SPAC taking the XRP treasury company public lost half their value. Armada Acquisition Corp. II, which currently trades under the XRPN ticker, closed Tuesday at $19.20, down 50.3% from $38.65 a day earlier, according to data compiled by StockAnalysis.
Ripple has landed another huge institutional vote of confidence, and this one could put XRP firmly back in the spotlight.