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XRP Slumps Despite Ripple’s Expansion as Banks Bypass the Token

Regulatory clarity with ETF inflows failed to create durable token demand.

Overview

  • XRP trades near $1.38, more than 60% below last summer’s peak, despite spot ETFs drawing over $1.3 billion in their first 50 days.
  • Banks such as Bank of America and Santander use Ripple’s settlement and messaging platform without transacting in XRP.
  • On-Demand Liquidity relies on XRP but serves mainly fintechs and remittance firms, with rapid in-and-out conversions that limit net accumulation.
  • Ripple’s RLUSD stablecoin now offers a lower‑volatility bridge within the ecosystem and has surpassed $1.6 billion in market value.
  • Ripple has strengthened its corporate footing with more than $2 billion in acquisitions, a prime brokerage purchase, and a national trust bank charter.