Overview
- The Office of the Comptroller of the Currency granted final approval for Ripple National Trust Bank on October 26, giving Ripple a federally supervised platform to custody assets and hold reserves for RLUSD.
- Santiment reports that wallets holding at least 10 million XRP now control about 46.87 billion tokens, roughly 68.5% of supply, the highest concentration for that group since November 2022.
- Analysts flagged a decline in wallets holding 10 million to 100 million XRP and a roughly 47–50 million increase in tracked exchange balances, which could raise selling pressure if selling resumes.
- XRP has traded around $1.28–$1.30 and is testing technical support near $1.26, with analysts warning a sustained break could expose targets near $1.11 and $0.98.
- Ripple left a 1 billion XRP escrow unlock untouched through Swell week, a supply detail market watchers say could flip prices if those Ripple-controlled wallets move funds.