Ripple experienced an October marked by ecosystem expansion, particularly around the RLUSD stablecoin, partnerships with Coinbase and Robinhood, enhanced support from BNY Mellon, and Moody’s A2 and P-1 ratings. The OCC also approved the establishment of Ripple National Trust Bank, a federally supervised entity intended to support RLUSD reserves and institutional digital-asset custody. Meanwhile, the fixCleanup3_4_0 amendment was activated on the XRP Ledger on November 4, correcting a vulnerability related to issuer tokens. XRP rebounded after falling to $1.20 following the Binance hack, then moved above $1.28 and reached $1.34. XRP ETFs lost more than $500,000 in flows on the first trading day of November, while cumulative flows remained close to their $1.810 billion record, and both network activity and the number of millionaire wallets increased sharply.
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