Prime

Standard

River

CRYPTO

It was a packed week for Ripple and XRP, with Evernorth making its long-anticipated Nasdaq debut after a major merger, Standard Chartered and Cross River expanding RLUSD access, and Ripple Prime pushing further into Wall Street.
None of those developments helped the company’s native asset mark any gains – just the opposite.
<h2 id="wall-street-and-ripple-expansion">Wall Street and Ripple Expansion</h2>
Standard Chartered <a href="https://cryptopotato.com/big-ripple-xrp-development-as-standard-chartered-goes-live-with-rlusd-custody/" rel="noopener noreferrer nofollow">announced</a> on October 12 that it is launching institutional custody for Ripple’s stablecoin on the XRP Ledger through its DIFC branch in Dubai. The banking behemoth is also working with Ripple and LMAX Group on a planned arrangement that could eventually allow RLUSD to serve as collateral for selected institutional trading products.
Evernorth Holdings <a href="https://cryptopotato.com/xrp-hits-wall-street-heres-how-evernorths-xrpn-performed-on-debut/" rel="noopener noreferrer nofollow">began trading</a> on Nasdaq under the XRPN ticker on the same day. Its stock opened at around $16.7, surged briefly to $19.40, before it dropped and closed at just under $17. The broader market’s correction, though, pushed it south at the end of the week, closing on Friday at $15.45.
Evernorth entered the public markets with approximately 473 million XRP in its treasury and $300 million in gross cash proceeds. A few days after the Nasdaq debut, the company <a href="https://cryptopotato.com/473m-xrp-at-work-evernorths-game-plan-takes-shape-with-ripple-coinbase-kraken-and-bitgo/" rel="noopener noreferrer nofollow">named</a> Ripple, Coinbase, Kraken, and BitGo as its first institutional execution partners. The group will help deploy the XRP treasury into institutional strategies beginning in Q4.
Ripple itself also made a Wall Street move by <a href="https://cryptopotato.com/ripple-xrp-deepens-wall-street-push-with-24-7-rwa-swaps-for-institutions/" rel="noopener noreferrer nofollow">launching</a> 24/7 real-world asset perpetual swaps through its prime brokerage platform. This gives institutional clients exposure to more than 100 reference markets covering stocks, ETFs, commodities, currencies, and other traditional assets.
Cross River Bank <a href="https://cryptopotato.com/ripple-pushes-rlusd-deeper-into-banking-with-new-cross-river-partnership/" rel="noopener noreferrer nofollow">said</a> it would integrate RLUSD and XRP Ledger settlement into its banking infrastructure on October 16, enabling eligible businesses to move between dollars and RLUSD, process cross-border payments, and manage treasury transfers through a single API.
<h2 id="xrp-price-doesn-t-follow">XRP Price Doesn’t Follow</h2>
The major institutional developments have failed to push XRP higher. The asset was rejected at $1.40 earlier this week and quickly tanked to $1.30. Although it rebounded to $1.38, it slumped once again as the week progressed and dived to a monthly low of $1.27 during the <a href="https://cryptopotato.com/btc-eth-ai-stock-perpetuals-suddenly-dump-as-black-monday-fears-surge/" rel="noopener noreferrer nofollow">flash crash</a> on Saturday evening.
On October 16, analysts identified several potential bottoming signals, with Ali Martinez <a href="https://cryptopotato.com/xrp-flashes-multiple-buy-signals-even-as-struggle-near-1-30-continues/" rel="noopener noreferrer nofollow">indicating</a> that he was watching $1.25 as a possible buying zone and $1.42-$1.60 as upside levels if the token rebounds.
Shortly after, EGRAG CRYPTO <a href="https://cryptopotato.com/xrps-chaos-near-1-33-could-be-the-start-of-a-much-bigger-move/" rel="noopener noreferrer nofollow">offered</a> a much longer-term interpretation, arguing that XRP’s chaotic action around $1.30-$1.33 resembles previous prolonged bottoming formations. His bullish scenario requires a future breakout through $3.67, which could eventually open Fibonacci targets at $5.25, $6.33, $8.28, and a highly speculative $13.69.
The post <a href="https://cryptopotato.com/ripple-and-xrp-weekly-wrap-institutional-wins-nasdaq-debut-and-price-struggles/" rel="noopener noreferrer nofollow">Ripple and XRP Weekly Wrap: Institutional Wins, Nasdaq Debut, and Price Struggles</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ripple and XRP Weekly Wrap: Institutional Wins, Nasdaq Debut, and Price Struggles

Table of Contents

CryptoPotato_News

Other articles published on Oct 18, 2026

Solana Rapidly Closes The RWA Gap With Ethereum

Lesser-known memecoin ecosystems you should be watching...

TIA and INJ lead gains for the week.

MemeCore x LayerZero x Stargate

Meteora is making SERIOUS money.

Did Ondo just flip Blackrock?!

Join our free newsletter for daily crypto updates!