XRP Price Barely Moves on Ripple OCC Approval as Whales Control 68.5% of Supply

XRP remains rangebound between $1.29 and $1.31, virtually flat over seven days and down over 15% since the start of October, showing little to no reaction to recent major ecosystem announcements. XRP remained stuck in the $1.29 to $1.31 range hours after token issuer Ripple announced that it received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. A subsequent report that Ripple’s close ally SBI Holdings teamed up with Blackrock and Startale to link tokenized funds with a yen stablecoin failed to spark a rally. Market data over the last 24 hours showed that XRP initially rose on news of the OCC approval, climbing from $1.29 to $1.31.

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