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XRP Holds $1.07 Support: RLUSD Surges & Qivalis 37-Bank Milestone
Audio is available on Spreaker — see link below.
XRP tests a historically significant support level for the third time as RLUSD adds $229M in market cap and a 37-bank European consortium clears regulatory authorization. ETF inflows pause but institutional conviction hasn't gone anywhere.
Audio is available on Spreaker — see link below.
XRP is testing a level it has successfully defended twice before, and that history is worth keeping front of mind. The token touched one dollar and seven cents on November ninth, its lowest print since August, and the XRP Army knows what happened after August.
Spot ETF inflows went quiet for four consecutive days in early November. That's the honest picture.
While the price story dominates headlines, Ripple's broader ecosystem is delivering some genuinely significant news. The Qivalis consortium, a thirty-seven bank group spanning fifteen European countries, received Dutch central bank authorization in October to operate as an electronic money institution.
Ripple's own stablecoin, RLUSD, added two hundred and twenty-nine million dollars in market cap over the past month. That's meaningful momentum.
On the regulatory side, the CLARITY Act, which would have placed XRP under CFTC oversight and provided long-awaited classification clarity, failed a Senate vote in September by one vote. No new vote is currently scheduled, and the bill faces a January twenty twenty-seven deadline.
The near-term signal to track is straightforward: does institutional buying return at this support level, and does the CLARITY Act find a path back to a Senate vote before the deadline. Those are the two levers that matter most right now.
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