XRP Price: Ripple Gets Its Bank License While Whales Load Up

TLDR

XRP trades near $1.29 as exchange withdrawals reach their highest share since mid-August, ahead of the Fed’s October 28 decision. Ripple received final OCC approval for Ripple National Trust Bank, announced by CEO Brad Garlinghouse. Santiment says wallets holding at least 10M XRP control about 68.5% of supply, the most since November 2022. XRP ETFs saw $4.25 million in inflows from October 19 to 23, after $1.84 million in outflows the week before. XRP defends $1.27 support, with $1.31 as the neckline resistance on the four-hour chart.

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XRP traded near $1.29 on October 27, below $1.30, as markets waited for the Federal Open Market Committee (FOMC) meeting on October 28. Trading volume rose 40% to $1.68 billion.

XRP Price

CryptoQuant data shows XRP’s withdrawal-transaction share reached 55.75% on Binance and 54.85% across all centralized exchanges. Deposit share fell to 44.25% on Binance and 45.15% across all exchanges.

Rising withdrawals suggest traders are not rushing to sell. The withdrawal share is the highest since mid-August.

Fed Decision and Market Positioning

CoinGlass data shows the overall XRP long/short ratio at 1.12, meaning more accounts are betting on a rise than a fall. The ratio stands at 2.98 on Binance and 3.64 on OKX.

The weighted funding rate is still positive, so long holders are paying short sellers to keep positions open. Reports also say Evernorth plans to raise $80 million to buy more XRP.

SoSoValue data shows XRP ETFs took in $4.25 million from October 19 to 23. The prior week saw outflows of $1.84 million.

🚨 XRP Whales Now Control Most Supply Since 2022

🐋 Wallets holding at least 10M XRP now control 46.87B tokens. That represents roughly 68.5% of XRP’s supply, the highest share held by this group since November 2022.

📈 The key signal is that these massive holders have kept… pic.twitter.com/YOvZB3pT08

— Santiment Intelligence (@SantimentData) October 26, 2026

Santiment Intelligence said on X that wallets holding at least 10 million XRP now control 46.87 billion tokens. That is about 68.5% of supply, the highest share for this group since November 2022. Santiment said these holders kept adding while XRP struggled near $1.29, and named $1.30 as the immediate pivot and $1.50 as a stronger confirmation level.

Ripple Receives Federal Bank Approval

The Office of the Comptroller of the Currency approved Ripple National Trust Bank (RNTB), Garlinghouse announced on X late Monday. Ripple applied in July 2025 and received conditional approval that December.

🇺🇸BREAKING: The OCC has officially given Ripple final approval for its own national trust bank, which will manage the reserves behind its RLUSD stablecoin.

It completes a process that began with the OCC's conditional approval last December.

Ripple National Trust Bank will also… pic.twitter.com/G3qzy9Os9w

— Coin Bureau (@coinbureau) October 26, 2026

“For years, we’ve said crypto and banks work better together,” Garlinghouse said. The bank will manage reserves backing Ripple’s RLUSD stablecoin and offer regulated custody services.

RLUSD launched in December 2024 and has grown to about $2.5 billion in market value. It will still be issued by Standard Custody & Trust Company, so it now has both state and federal oversight.

Ripple said it will keep working with the OCC and New York regulators as the bank begins operating. On the four-hour chart, XRP has bounced twice from $1.27 support, forming a double bottom. A close above the $1.31 neckline could open a move toward $1.35, while a failure to hold $1.27 could send it to $1.25.

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