Ripple Had a Massive October, but XRP Went the Other Way

October was once known in the cryptocurrency industry as ‘Uptober’ as it brought some spectacular gains for years. As such, expectations were high for another one in the 2026 edition, but that didn’t materialize for a vast portion of the crypto assets, including XRP. In contrast, the company behind the cross-border token spent most of the month expanding essentially every part of its institutional business, from prime brokerage and stablecoins to banking, custody, corporate treasury, and the XRP Ledger itself. From Wall Street to Swell October 1-10: Ripple Prime expanded its relationship with hedge fund Brevan Howard at the start of the month, providing multi-asset prime brokerage, clearing, and financing services.

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