Important Ripple News and XRP Price Update: November 5

Ripple received final approval from the Office of the Comptroller of the Currency to establish Ripple National Trust Bank, a federally supervised entity intended to support RLUSD reserves and institutional digital-asset custody. On Nov. 4 at 10:52 p.m., the XRP Ledger activated the fixCleanup340 amendment, fixing a vulnerability that could have allowed accounts authorized only to destroy an issuer’s tokens to create new ones under certain conditions; activation had been delayed after validator support briefly fell below the required threshold. XRP fell to $1.20 after a major hack against Binance, then rebounded, surpassed the $1.28 resistance level and reached $1.34 before trading above $1.30.