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Ripple's Big Day, XRP's 9% Drop & the Institutional Disconnect | Oct 6-9
Audio is available on Spreaker — see link below.
Ripple closed three major deals and landed Brevan Howard as a prime brokerage client — yet XRP fell 9% on the week. Today's briefing breaks down exactly why corporate wins aren't translating to token demand.
Audio is available on Spreaker — see link below.
Ripple just closed three major institutional deals in a single day, landed a thirty-five billion dollar hedge fund as a prime brokerage client, and XRP still fell nine percent on the week. That's the story worth paying attention to right now.
On October eighth, Ripple announced partnerships with Meritz Securities in Korea, Canton Network, and Paxos. Three deals in one day sounds significant.
Two days before the deal cluster, on October sixth, Ripple Prime disclosed that Brevan Howard, one of the largest macro hedge funds in the world, had joined as a prime brokerage client. Ripple Prime handles trading, clearing, and financing.
On October ninth, XRP ETFs were the only crypto fund category with net inflows. Franklin Templeton's fund alone brought in six million dollars, contributing to roughly eight million total.
On the technical side, XRP broke through a short-term consolidation structure it had held for weeks. The next meaningful support is at one dollar twenty-six, roughly ten percent below current levels.
The pattern here isn't new. Prior Ripple wins involving Turkish banks, Korean institutions, and major payment companies failed to drive sustained XRP appreciation.
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