Last Updated: October 16, 2026
XRP traded near $1.34 on the morning of October 16 (UTC), up 1.61% over 24 hours but down 3.98% over seven days, after sliding to about $1.29 on Thursday, when a producer price report showing the largest monthly gain since March 2022 followed Wednesday’s hotter-than-expected consumer price report. Evernorth, the Nasdaq-listed company that holds about 473 million XRP, said on October 14 that Ripple, Kraken, Coinbase and BitGo will be its first partners for putting the treasury to work, with deployment due to begin in the fourth quarter. Ripple also announced deals with Meritz Securities in South Korea and with DriveWealth, and Cross River Bank said on October 15 that it is adding RLUSD to its banking platform, but the deals center on custody, tokenization and the stablecoin rather than on buying XRP.
Key Takeaways
- XRP trades near $1.34, up 1.61% over 24 hours and down 3.98% over seven days, according to CoinMarketCap, a bigger weekly loss than Bitcoin’s 0.61% and Ether’s 1.44%. Market capitalization is about $84.5 billion on roughly $3.0 billion in daily volume, and circulating supply is 63.13 billion XRP.
- Evernorth, led by chief executive Asheesh Birla, named Ripple, Kraken, Coinbase and BitGo on October 14 as its first institutional partners for deploying its roughly 473 million XRP, with the first deployments planned for the fourth quarter. It did not say how much of the treasury will be deployed, the agreements remain subject to closing conditions and approvals, and lending on the XRP Ledger depends on validator approval and proven reliable operation. XRPN closed at $15.26 on October 14, down 7.4% on the day Evernorth rang the Nasdaq closing bell, after closing at $16.91 on its October 12 debut.
- Ripple announced two deals on October 14. Meritz Securities, its first securities-firm partner in South Korea and its fourth Korean institutional partner this year, will explore Ripple Custody and tokenization, starting within existing regulation. DriveWealth, which serves more than 100 partners, plans to use RLUSD on the XRP Ledger for settlement in Europe, with US expansion planned. Neither announcement gives a launch date or deal size, and the DriveWealth release does not discuss the XRP token.
- Cross River Bank said on October 15 that it is integrating RLUSD into its core operating system, so fintech and business customers can move between US dollars and RLUSD through one API connection, with services available only in limited states. Standard Chartered launched RLUSD custody on the XRP Ledger through its Dubai International Financial Centre branch on October 12, and Stripe-owned Privy added XRP Ledger wallet support on October 13. Ripple puts RLUSD’s market capitalization above $2.5 billion.
- US spot XRP ETFs have recorded 13 straight weeks of net inflows, taking cumulative net inflows to a record of about $1.80 billion, according to SoSoValue, but weekly inflows shrank to $11.31 million in the week to October 9 from $75.6 million in the week to September 25. The funds took in $740,400 on Wednesday, all of it into Bitwise’s fund, and lost about $104,500 on Thursday, when Franklin’s XRPZ gained $3.64 million and Bitwise’s fund lost $3.75 million. Net assets were about $1.51 billion on Wednesday, down from $1.70 billion on October 6 as the price fell.
XRP Market Overview
| Metric | Value |
|---|---|
| Price | $1.34 |
| 24h Change | +1.61% |
| 7d Change | -3.98% |
| Market Cap | ~$84.5 billion |
| 24h Volume | ~$3.0 billion |
| Circulating Supply | 63.13 billion XRP |
Data sourced from CoinMarketCap, morning of October 16 (UTC).
XRP News Today: Price Analysis
The slide has more to do with inflation data than with XRP news. September consumer prices rose 3.7% from a year earlier, up from 3.4% in August and above the 3.6% economists expected, and the producer price index for final demand rose 1.3% in September, the largest monthly gain since March 2022, according to the Bureau of Labor Statistics. XRP held near $1.36 to $1.37 around Wednesday’s closing-bell ceremony, fell to about $1.29 on Thursday as Bitcoin briefly dipped below $80,000, and recovered above $1.34 as the market steadied. The 3.98% weekly loss is more than six times Bitcoin’s 0.61%, so XRP is lagging the market rather than tracking it. Our explainer on why Bitcoin fell after the hot September CPI covers the macro side.
Evernorth’s partner list is a plan rather than a purchase. The company said the four firms will support institutional strategies starting in the fourth quarter, with the aim of raising XRP held per share, and it described on-chain lending and credit as a later stage that depends on native lending features being activated on the XRP Ledger. The shares have fallen faster than the token: XRPN closed at $16.91 on October 12, $16.48 on October 13 and $15.26 on October 14, with a range of $14.00 to $15.79 on the last day, and buyers of the stock own company equity rather than XRP. Our report on the completed Armada merger has the deal terms.
The wider Ripple news is about stablecoins and custody more than the token. Cross River’s RLUSD integration, DriveWealth’s settlement plans and Standard Chartered’s RLUSD custody all run on the XRP Ledger, but they concern the stablecoin, and the DriveWealth release does not discuss the XRP token. ETF demand is positive but small, as Wednesday’s $740,400 inflow compares with about $3.0 billion of daily XRP trading volume. Our report on Standard Chartered’s RLUSD custody launch has the details, and live quotes and historical highs are on our XRP price page.
Support and Resistance Levels
| Level Type | Price |
|---|---|
| Key Resistance | $1.44 |
| Immediate Resistance | $1.39 |
| Immediate Support | $1.30 |
| Key Support | $1.27 |
$1.44 is the top of the $1.39 to $1.44 resistance band that analysts mark on the hourly chart, $1.39 is the bottom of that band and where XRP traded on October 12, $1.30 is the round number XRP briefly lost on Thursday, and $1.27 is the first downside target analyst CasiTrades flagged, with analyst Ali Martinez placing the lower edge of his channel at $1.25. Levels are illustrative, not guaranteed.
Why Is XRP Trending Today?
XRP is trending on Evernorth’s choice of Ripple, Kraken, Coinbase and BitGo for its treasury, a 7.4% fall in XRPN on the day of the closing-bell ceremony, and a run of Ripple announcements with Meritz, DriveWealth and Cross River. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today.
What This Means for the Days Ahead
Weekly ETF flows are the number to watch: the 13-week inflow streak needs a positive total for the week to October 16, after $11.31 million in the week to October 9 and $75.6 million in the week to September 25. Evernorth has not said when in the fourth quarter its first deployments will start, XRPN’s next sessions will show whether the stock stabilizes after closing lower on both Tuesday and Wednesday, and Ripple and DriveWealth will discuss their partnership at a Ripple Swell fireside chat in New York on October 28. The Federal Reserve meets on October 27 and 28.
On the chart, XRP needs to hold $1.30 to avoid a retest of Thursday’s $1.29 low, and a break below $1.27 would expose $1.25. A reclaim of $1.39 would put $1.44 back in view.
See how other majors are trading today on Bitcoin News Today, Ethereum News Today, Zcash News Today, and Hedera (HBAR) News Today.
Compare Crypto Prices Today
| Asset | Price Page |
|---|---|
| Bitcoin | Bitcoin Price |
| Ethereum | Ethereum Price |
| XRP | XRP Price |
| Solana | Solana Price |
| BNB | BNB Price |
| TRON | TRON Price |
Where to Buy XRP
XRP can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit. US investors can also get exposure through spot XRP ETFs in a brokerage account.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
FAQ
What is the price of XRP today?
XRP trades near $1.34 on the morning of October 16, 2026, up 1.61% over 24 hours and down 3.98% over seven days, according to CoinMarketCap. Market capitalization is about $84.5 billion on roughly $3.0 billion in daily volume. XRP touched about $1.29 on Thursday after hot inflation data, and it remains about 65% below its January 2018 all-time high of $3.84.
What did Evernorth announce about its XRP treasury?
On October 14, Evernorth named Ripple, Kraken, Coinbase and BitGo as its first institutional partners for deploying its roughly 473 million XRP, with the first deployments planned for the fourth quarter. The company did not say how much XRP will be deployed, and the agreements remain subject to closing conditions and approvals. Its shares trade on Nasdaq as XRPN and closed at $15.26 on October 14.
Are XRP ETFs still seeing inflows?
US spot XRP ETFs have recorded 13 straight weeks of net inflows, bringing cumulative net inflows to a record of about $1.80 billion, according to SoSoValue. The pace has slowed, with $11.31 million in the week to October 9 against $75.6 million in the week to September 25. The funds took in $740,400 on Wednesday and lost about $104,500 on Thursday.
What are Ripple’s new deals with Meritz Securities and DriveWealth?
On October 14, Ripple announced that Meritz Securities, its first securities-firm partner in South Korea, will explore Ripple Custody and tokenization within existing regulation. DriveWealth, which serves more than 100 partners, plans to use RLUSD on the XRP Ledger for settlement in Europe, with US expansion planned. Neither announcement sets a launch date or deal size.
