Important Ripple News and XRP Price Update: October 30

Ripple closed its Swell 2026 conference with final OCC approval to establish Ripple National Trust Bank and said its product revenue run rate is approaching $900 million annually, alongside expanded RLUSD stablecoin support from Coinbase, a broader Robinhood partnership, and custody support from BNY. CEO Brad Garlinghouse said XRP remains Ripple’s central focus despite RLUSD’s growth. XRP Ledger developers proposed four code changes to tighten restrictions on permissioned tokens, while Moody’s assigned RLUSD an A2 long-term and P-1 short-term investment-grade rating. XRP fell to a multi-month low of $1.19 during a market-wide crash linked to a crypto exchange hack, ending 4% lower on the day and 6% lower weekly, with market capitalization below $80 billion.