Ripple Had a Massive October, but XRP Went the Other Way
๐ **Ripple's Expansion:** Throughout October, Ripple significantly expanded its institutional business, enhancing services in prime brokerage, custody, and partnerships, while the market cap of RLUSD surpassed $2.5 billion.
๐ **Security Enhancements:** The XRP Ledger Foundation fixed a long-standing vulnerability, and Standard Chartered launched institutional custody for RLUSD, while Evernorth began trading on Nasdaq and announced collaborations with major crypto firms.
๐ **XRP's Struggles:** Despite positive developments within Ripple's ecosystem, XRP's price stagnated, failing to capitalize on the news, and faced a downturn after the recent Binance hack, highlighting its reliance on market hype rather than fundamentals.
๐ **Ripple's Expansion:** Throughout October, Ripple significantly expanded its institutional business, enhancing services in prime brokerage, custody, and partnerships, while the market cap of RLUSD surpassed $2.5 billion.
๐ **Security Enhancements:** The XRP Ledger Foundation fixed a long-standing vulnerability, and Standard Chartered launched institutional custody for RLUSD, while Evernorth began trading on Nasdaq and announced collaborations with major crypto firms.
๐ **XRP's Struggles:** Despite positive developments within Ripple's ecosystem, XRP's price stagnated, failing to capitalize on the news, and faced a downturn after the recent Binance hack, highlighting its reliance on market hype rather than fundamentals.