October 14th 2026, 9:37 AM
XRP Bounces Back Amid Standard Chartered's RLUSD Custody Deal
Key Summary
XRP price rebounds from $1.32 after Standard Chartered announces RLUSD custody arrangement with Ripple and LMAX, potentially supporting institutional expansion and XRP's recovery. Despite cautious ETF inflows, analysts predict upside targets of $1.80 and $2.10 if buying momentum strengthens.
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XRP bounced from $1.32 following news of Standard Chartered's involvement in an RLUSD custody arrangement.
Analysis
The deal with Ripple and LMAX would allow institutional clients to place RLUSD with the bank. Announced Monday, the deal would allow LMAX customers to place Ripple USD (RLUSD) with Standard Chartered, adding bank custody capabilities to their stablecoin activities.Standard Chartered brings bank custody to RLUSD, supporting Ripple's institutional expansion. However, XRP's technical outlook remains cautious, and ETF inflows have slowed.
Outlook
XRP price outlook: $1.28 holds the key to recovery. Analysts places the 200-day exponential moving average near that area. A further decline could bring $1.28 into focus.Entities Involved
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Market Data
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#XRP#StandardChartered#RLUSD#CustodyDeal#Stablecoins