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OCC Approval, BNY Expansion & XRP's $617M Short Squeeze Setup
Audio is available on Spreaker — see link below.
XRP crypto news: Ripple's OCC trust bank charter is confirmed, BNY custody expands, and $617M in shorts cluster just above current price. The institutional wins are real — but XRP is still down 28% year-to-date and the token price hasn't followed.
Audio is available on Spreaker — see link below.
Brazil's largest private bank registering XRP made headlines this week. Here's what that filing actually says: XRP is one of fifteen assets listed for customer purchase.
Set that aside and there are genuine developments worth tracking. The U.S. Office of the Comptroller of the Currency granted final approval for Ripple National Trust Bank this week.
The Ripple-BNY collaboration expanded as well, with both firms announcing broader integration for institutional digital asset custody and tokenized trade finance on the XRP Ledger. BNY is one of the largest custodians in the world.
XRP is down twenty-eight percent year-to-date, trading around one dollar and twenty-nine to one dollar and thirty-one cents. That's down sixty-four percent from its peak last July.
One data point worth watching is a cluster of approximately six hundred and seventeen million dollars in short liquidations concentrated between one dollar thirty and one dollar thirty-one on Binance. That's roughly one percent above the current price.
Ripple's revenue run rate is now projected at nine hundred million dollars annualized by year-end twenty twenty-six, serving over seventeen hundred institutions. The business fundamentals are clear.
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