In XRP news from Swell 2026, Ripple CEO Brad Garlinghouse told the New York crowd on Wednesday, October 28, that the company \u201cwill never give up on XRP,\u201d answering holders who fear Ripple\u2019s business and the token are heading in separate directions.<\/p>\n
The gap is real. Ripple bought back $750 million of its own shares in March at a $50 billion valuation, up from $40 billion in November, and now says it is on track for a $900 million annual revenue run rate. XRP, meanwhile, trades at $1.29. That is 30% below where it started the year, half its price a year ago and 64.6% under its $3.65 record from July 2025.<\/p>\n
So is Ripple leaving XRP behind, will the new partnerships actually help the token, and what does the price chart say next?<\/p>\n
WOW: Brad Garlinghouse just made it CRYSTAL CLEAR at @Ripple<\/a> Swell: $XRP<\/a> remains Ripple\u2019s TOP PRIORITY! <\/p>\n Despite Ripple\u2019s massive expansion into stablecoins, custody, payments and institutional finance, Brad declared:<\/p>\n \u201cWe only want to do things that are good for XRP.\u201d<\/p>\n An\u2026 pic.twitter.com\/CgAhbyqfXf<\/a><\/p>\n \u2014 ALLINCRYPTO (@RealAllinCrypto) October 29, 2026<\/a><\/p>\n\n Because nearly every deal Ripple signed this month runs on its RLUSD stablecoin, and the money it earns goes to Ripple\u2019s shareholders, not to XRP holders. The XRP news during this Swell week made the pattern hard to miss:<\/p>\n Robinhood<\/strong> will settle institutional trades in RLUSD on the XRP Ledger. Ripple\u2019s own scorecard reads the same way. Its Swell release<\/a> puts RLUSD at $2.6 billion, up more than 88% this year, and counts more than 1,700 institutional customers. XRP gets one line, as an asset Ripple uses to move money, with no figures attached.<\/p>\n Ripple\u2019s business against the XRP price, October 29, 2026. Sources: Ripple, The Block, Binance<\/p>\n Garlinghouse knows how this looks. He told the Swell stage that Ripple \u201cwill never give up on XRP\u201d and called the token and RLUSD \u201cvery complementary.\u201d<\/p>\n The structure behind the worry hasn\u2019t changed, though. Owning XRP doesn\u2019t make you a Ripple shareholder. When Ripple bought back stock in March, the $750 million went to investors and employees holding its private shares.<\/p>\n DISCOVER: 15+ Best Crypto IPO to Watch in 2026<\/a><\/strong><\/p>\n Some, but much less directly than the headlines suggest. A bank settling RLUSD on the XRP Ledger pays its network fee in XRP, and that fee is burned, but the amounts are tiny.<\/p>\n The ledger\u2019s own supply count shows how tiny. A check of the XRP Ledger on October 29 found that 153,989 XRP has been burned in fees since January 1, about $199,000 at today\u2019s price. Over the past 30 days the figure was 27,573 XRP, about $35,600.<\/p>\n Compare that with Ripple\u2019s escrow, which releases 1 billion XRP every month. The 1 billion unlocked on October 1 is still sitting in the two Ripple wallets that received it, 500 million each. Another 1 billion unlocks on Sunday, November 1. A month of fees burns less than 0.003% of a single month\u2019s unlock.<\/p>\n The demand that matters for the price has to come from people holding XRP, and there the picture is mixed:<\/p>\n Funds:<\/strong> U.S. spot XRP ETFs hold about $1.5 billion, but took in nothing on Tuesday after a $3.61 million outflow on Monday. That last item is the one XRP holders should follow. Payments and stablecoins use XRP as a fee. Lending would use it as collateral, with tokens locked up instead of burned in fractions of a cent.<\/p>\n EXPLORE:<\/strong> Ripple Leaves October\u2019s 1 Billion XRP Unlock Untouched for 26 Days: Will Swell Week Change That?<\/a><\/strong><\/p>\n It has held so far, but on the weekly chart XRP sits under the two moving averages that matter. It trades at $1.29, below its 200-week exponential moving average (EMA) at $1.3715 and its 50-week EMA at $1.4928. It has closed three weeks in a row under the 200-week line.<\/p>\n The 16-month chart shows a market that keeps selling rallies. XRP slid from its $3.65 record in July 2025 into a range between roughly $1.00 and $1.70 that has held since June. August\u2019s one-week jump from $0.986 to $1.70 faded, and September\u2019s push to $1.658 stalled near the 50-week EMA.<\/p>\n Resistance:<\/strong> $1.3715, the 200-week EMA, then $1.4928, the 50-week EMA. Above those sits $1.6999, the August high. XRPUSDT Chart 1W<\/p>\n Path Push higher<\/strong> Stall<\/strong> Slip<\/strong> Garlinghouse\u2019s promise costs Ripple nothing, and holders know it. For XRP news to move the price, two things need watching after Swell: whether the 1 billion XRP unlocked on Sunday stays put, and whether the lending upgrade gets from 18 votes to 25.<\/p>\n DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2026<\/a><\/strong><\/p>\n Follow 99Bitcoins on X<\/a> For the Latest Market Updates, and Subscribe on YouTube<\/a> For Daily Expert Market Analysis.<\/p>\n The post Ripple Is Worth $50Bn and Nearing $900M in Revenue But XRP Is Down 30% YTD: Is XRP News From Swell Enough to Close the Gap?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In XRP news from Swell 2026, Ripple CEO Brad Garlinghouse told the New York crowd on Wednesday, October 28, that the company \u201cwill never give up on XRP,\u201d answering holders who fear Ripple\u2019s business and the token are heading in separate directions. The gap is real. Ripple bought back $750 million of its own shares […]<\/p>\n","protected":false},"author":0,"featured_media":245372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-245371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245371"}],"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=245371"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/245372"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Are Holders Worried Ripple and XRP Are Drifting Apart?<\/h2>\n
\nCoinbase<\/strong> listed RLUSD for U.S. clients on Wednesday.
\nMoody\u2019s<\/strong> rated RLUSD A2, investment grade.
\nThe OCC<\/strong> gave final approval to Ripple National Trust Bank, which will hold RLUSD\u2019s reserves. XRP has no named role in it.
\nDTCC:<\/strong> Ripple Prime sits in the Wall Street clearing house\u2019s tokenization group of about 50 firms, but the first live trades in July ran on DTCC\u2019s own network and Canton. The XRP Ledger wasn\u2019t part of them.<\/p>\nWill XRP Benefit From Ripple\u2019s New Deals?<\/h2>\n
\nCustody and collateral:<\/strong> BNY now holds XRP for institutional clients, and Ripple Prime accepts it as collateral. Neither has said how much.
\nTreasury buyers:<\/strong> Evernorth, the Nasdaq-listed firm holding about 473 million XRP, signed an $80 million equity line<\/a> on Monday and plans to use part of it to buy more XRP.
\nLending on the ledger:<\/strong> the vault and lending upgrades that would let institutions borrow against tokenized assets natively had 20 and 18 validator votes on October 21. Each needs 25, and there is no activation date.<\/p>\nXRP News and Price Analysis: Can XRP Hold $1.25?<\/h2>\n
\nSupport:<\/strong> $1.2468, the September 16 low, which held again at $1.2546 last week. Under that, $0.9862, the August 14 low and the bottom of 2026 so far.<\/p>\n
\nWhat has to happen
\nNext stop<\/p>\n
\nA weekly close above $1.3715, the 200-week EMA
\n$1.4928, the 50-week EMA<\/p>\n
\nHolding between $1.2468 and $1.3715
\nMore range trade under the 200-week EMA<\/p>\n
\nA weekly close below $1.2468
\n$0.9862, the August low<\/p>\n<\/div>\n