It was another major week for Ripple and its native token, albeit not moving in the same direction. While the company announced a big partnership with Standard Chartered, XRP slumped hard during the Thursday market crash.<\/p>\n
We will also review a major fix that was implemented in the XRP Ledger. Let\u2019s dive in.<\/p>\n
One of the biggest pieces of news from the end of last week was Ripple\u2019s expansion<\/a> into the leveraged ETF market on Wall Street. Through its prime brokerage platform, Ripple Prime, the company now offers swap financing.<\/p>\n This followed its doubling down on its partnership with Brevan Howard, which expanded its services for hedge funds and investment managers. Leveraged ETFs use derivatives and pose significant risks and costs for investors, which could reduce long-term returns due to financing charges.<\/p>\n Separately, Standard Chartered launched<\/a> custody support for Ripple\u2019s native stablecoin, RLUSD, strengthening its integration into institutional trading with LMAX Group. The bank\u2019s DIFC Branch in Dubai, regulated by the Dubai Financial Services Authority, operates the service.<\/p>\n The collaboration aims to improve operational efficiency and risk management for institutions using stablecoins in global markets.<\/p>\n Speaking of Ripple\u2019s presence on Wall Street, we need to mention Evernorth\u2019s successful debut. The XRP-holding company with 473 million tokens in its stash debuted<\/a> on Nasdaq on October 12 after merging with Armada Acquisition Corp. II. On its launch day, the XRPN stock fluctuated between $16.40 and $19.40.\u00a0However, the broader market correction pushed it below the lower boundary, and it closed at $15.26 yesterday.<\/p>\n A day later, Evernorth announced<\/a> how it plans to put its XRP fortune to work as it partnered with Ripple, Kraken, Coinbase, and BitGo to deploy the millions of tokens into institutional strategies starting in Q4 2026.<\/p>\n The partnership aims to manage XRP investments with effective risk controls and oversight, enhancing institutional investment strategies.<\/p>\n As we reported over the weekend, demand for the spot XRP ETFs remained positive. The funds tracking the cross-border token were among the very few ending the week in the green, attracting<\/a> $11.31 million. At the same time, the Bitcoin and Ethereum ETFs bled out heavily.<\/p>\n However, this trend has changed. Although there are no significant outflows from the spot XRP ETFs during the current business week, demand has disappeared. SoSoValue data shows net flows of $0.00 on Monday and Tuesday, while Wednesday saw a modest $740,410 pour in.<\/p>\n For comparison, the ETFs gained over $75 million during the last full week of September, but have been in a clear downtrend since then.<\/p>\n The XRP Ledger Foundation clarified<\/a> on October 11 that a critical integer overflow bug in the ledger\u2019s payment engine was fixed. The significance here was that this vulnerability dated to 2015 and could have allowed an attacker to mint large amounts of new XRP beyond the fixed 100 billion supply.<\/p>\n However, the team reassured that no extra XRP was ever created, and the current circulating supply remains about 99.986 billion (deflationary due to burned fees).<\/p>\n The bug required hundreds of deliberately crafted operations and was not triggerable by normal activity. It was reported by Cayden Liao and Veria AI, then fixed in xrpld 3.4.1 on September 25. To avoid publicly exposing the vulnerability for weeks, developers shared the patched software directly with validators via social consensus rather than the usual amendment process, after which the fix was enforced through a standard vote.<\/p>\n Despite the partnerships, Evernorth\u2019s debut on Nasdaq, and the ETF flows until the end of last week, XRP\u2019s price has failed to produce any meaningful rallies. On the contrary, the asset was rejected at $1.50 last week and dipped below $1.35 within days.<\/p>\n Although it rebounded to over $1.40 at the start of the current week, the latest market-wide pullback pushed it south yet again. This time, XRP dipped below $1.30 for the first time in a month.<\/p>\n As of now, the cross-border token trades slightly above that level, while analysts are adamant that it has shown strong signs of an upcoming recovery. Ali Martinez, for instance, noted<\/a> that a successful rebound from the $1.25 support could push it toward $1.42 and potentially $1.60.<\/p>\n The post Important Ripple News and XRP Price Update: October 15<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It was another major week for Ripple and its native token, albeit not moving in the same direction. While the company announced a big partnership with Standard Chartered, XRP slumped hard during the Thursday market crash. We will also review a major fix that was implemented in the XRP Ledger. Let\u2019s dive in. Ripple Partnership […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239748","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239748"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239748"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239748\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP on Wall Street<\/h2>\n
Ripple ETFs Demand Dries<\/h2>\n
Critical XRPL Issue Fixed<\/h2>\n
XRP Price Slumps<\/h2>\n