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