Ripple’s Big Moves, Big Falls, and Big Hopes: A Rollercoaster Ride

Ah, Ripple. The cryptocurrency that refuses to stay in one place-whether it’s acquiring companies, launching stablecoins, or seeing its coin’s value plummet faster than your hopes after a bad stock market day. Let’s dive into today’s dramatic Ripple news, shall we?

The Latest Deal

On the 3rd of October, Ripple made yet another bold move, acquiring Palisade, a crypto wallet and custody provider. The deal was hailed as a grand expansion of Ripple’s ability to “serve the core needs of fintechs, crypto-native firms, and corporates.” Monica Long, Ripple’s President, had this to say:

“Secure digital asset custody unlocks the crypto economy and is the foundation that every blockchain-powered business stands on – that’s why it’s central to Ripple’s product strategy. Corporates are poised to drive the next massive wave of crypto adoption. Just as we’ve seen major banks go from observing to actively building in crypto, corporates are now entering the market, and they need trusted, licensed partners with out-of-the-box capabilities.

The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.”

Ah yes, a corporate love story in the making. But let’s not forget, this acquisition follows the grand finale of Ripple’s $1.25 billion Hidden Road purchase and several other…let’s say, “high-profile” acquisitions.

RLUSD’s Achievement

Now, let’s talk about RLUSD, Ripple’s USD-pegged stablecoin. Just under a year ago, it was birthed into the world with support from Uphold, Bitstamp, Bitso, Moonpay, and CoinMENA. Fast forward, and it’s now making its way through the ranks, with Bitget joining the stablecoin party. Who said stablecoins were boring?

In fact, RLUSD’s market cap recently hit the impressive $1 billion mark, securing its place as the 105th-largest cryptocurrency. But before you start popping champagne, let’s remember that Tether’s USDT and Circle’s USDC control nearly 85% of the stablecoin market. So, yeah, RLUSD is the underdog in this race. But hey, underdogs can have their day, right?

XRP Price Outlook

Now, onto the price of XRP. It’s been a rough ride for Ripple’s cross-border token. It dropped by a solid 14% in the last week, now sitting around $2.25 (according to CoinGecko, because who trusts just one source?). This sell-off, led by the infamous “whales” (not the kind you see at SeaWorld), has many wondering: Is another market collapse on the way?

Of course, there’s always hope. Some optimistic souls in the community are still hoping for a short-term rally. One user, Cryptoinsightuk, is holding onto a thread of optimism, reminding everyone that XRP began its rise on November 5th, 2024. “If history repeats itself,” they added, “XRP could be as high as $13 by December 3rd. Sure, it’s wishful thinking, but hey, why not dream a little?”

“An identical move would take us to $13 by December 3rd. Yes, it’s hopium, but why not hope for the simulation,” they added.

And let’s not forget, Ripple Swell-the annual global conference that attracts the finest minds from fintech, blockchain, and finance-will take place on November 5th in New York City. We’ll see if Ripple can turn things around, or if it’ll just be another day of talking crypto while everyone wonders where their money went. Monica Long will be there too, just in case you were curious.

2025-11-04 18:33

The Latest Deal

RLUSD’s Achievement

XRP Price Outlook

Read More