Ripple Is Now a Bank: Why XRP Price Keeps Falling Anyway

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Ripple got final OCC approval for a national trust bank, BNY custody and a Moody’s rating in one week. XRP fell anyway. Here is why.$Ripple just had the best regulatory week in its history, and $XRP spent it drifting back towards $1.30. On October 26, the Office of the Comptroller of the Currency gave final approval to Ripple National Trust Bank. BNY added XRP and RLUSD to its custody platform. Moody’s handed RLUSD an investment-grade rating. And still the chart went the wrong way. That gap between headlines and price is the real story.What is Ripple National Trust Bank actually allowed to do?Not what most people think. A national trust bank is not a commercial bank. It cannot take your deposits, it cannot lend you money, and it will not launch a checking account. Its job is to safeguard and administer assets under federal supervision.For Ripple that means two things. First, RNTB will manage the reserves backing the RLUSD stablecoin. Second, it can offer digital asset custody to...