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Important Ripple News and XRP Price Update: October 30
It was a big week for Ripple but the token behind it failed to make a proper move north.
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Ripple used the Swell 2026 conference to announce partnerships and regulatory milestones with Coinbase, Robinhood and BNY. Coinbase widened access to its RLUSD stablecoin across its platforms, Robinhood agreed to use the token in Bitstamp and institutional settlement, and BNY added custody support for XRP and RLUSD. Moody's gave the stablecoin an A2 long-term rating, and Ripple obtained the OCC's final sign-off to set up Ripple National Trust Bank. CEO Brad Garlinghouse said Ripple only pursues activities that benefit XRP, while acknowledging RLUSD or fiat may suit certain transactions better. XRPL developers proposed four code changes to tighten controls on permissioned tokens, such as regulated stablecoins. XRP dropped to a multi-month low of $1.19 after a major exchange hack set off a market-wide crash, and it was down 4% on the day and 6% over the week.
Why it matters: The developments tie a major stablecoin to large custody, banking and payments platforms, showing how institutions are building around the XRP Ledger and RLUSD.
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