XRP Confidence Rises on Ripple’s Institutional Push

| coin-turk.com
Xora Finance founder Joren Lundgren says his confidence in XRP’s long-term outlook has never been higher after holding the token for 10 years. He points to regulatory progress and growing institutional interest, though XRP holders continue to debate the token’s utility, its relationship with Bitcoin and Ethereum, and the role of Ripple’s RLUSD stablecoin. At Ripple Swell 2026 in New York, held from 27 to 29 October, Ripple reportedly received final approval from the US Office of the Comptroller of the Currency to establish Ripple National Trust Bank. The bank is expected to manage RLUSD reserves and offer digital-asset custody. Robinhood plans to use RLUSD on the XRP Ledger for institutional settlements, while BNY is expanding its tokenised-asset activity on XRPL. US Treasury Secretary Scott Bessent also addressed the conference. The announcements may support the long-term adoption case for XRP and its ecosystem, but they do not guarantee direct or immediate demand for XRP. The reports provide no new XRP price data, so traders may look for evidence of actual XRP use, further regulatory developments and broader market direction before drawing conclusions.
Neutral
The news is supportive of XRP’s long-term narrative but does not establish a direct increase in demand for the token. Regulatory approval for Ripple National Trust Bank and planned institutional use of RLUSD on the XRP Ledger could improve confidence in Ripple’s infrastructure and encourage ecosystem activity. However, RLUSD—not necessarily XRP—is identified as the settlement asset in Robinhood’s reported plans, and BNY’s tokenised-asset expansion does not by itself confirm meaningful XRP buying. In the short term, Lundgren’s bullish comments and the conference announcements may strengthen sentiment, but the summaries cite no new XRP price data or confirmed change in token demand. Traders may therefore react more to broader crypto-market moves and subsequent evidence of adoption than to the announcements alone. Over the longer term, sustained activity on XRPL could benefit the XRP investment case if it creates a demonstrated need for the token. Until that link is clearer, the potential effect on XRP’s price is uncertain, supporting a neutral classification.