XRP stays flat as Ripple wins OCC trust bank approval and whales hold 68.5% of supply

Key points

• XRP moved from $1.29 to $1.31 on the OCC news before easing to $1.30, a daily gain of under 1% and a fall of more than 15% since the start of October.
• Ironwallet's Ermo Eero says the real news was the conditional charter granted last December, and the approval is infrastructure rather than a catalyst.

The token held between $1.29 and $1.31 hours after the announcement, and a later report that SBI Holdings had teamed up with BlackRock and Startale to link tokenised funds to a yen stablecoin also failed to lift it.

Ermo Eero, managing director of Ironwallet, told Bitcoin.com News that the market's muted response makes sense because the substantive news came last December with the conditional charter. He described the federally supervised trust bank, which will safeguard RLUSD reserves and offer enterprise custody, as infrastructure that pays off over years rather than days.

Analysts treat $1.30 as the immediate pivot and $1.50 as confirmation of a broader recovery, with the accumulation case intact while XRP holds above $1.20.

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