XRP news

A 10% decline in the collateral price of cbXRP, Coinbase's XRP-backed token, would expose about 8.84 million USDC of debt to liquidation in a Morpho lending market on Base, according to a Nov. 6 snapshot. A 5% decline would expose 3.23 million USDC across 462 positions. The market's liquidation threshold is 62.5% loan-to-value. The analysis assumes fixed positions; borrower repayments or added collateral can change exposure. An illustrative position starting at 60% LTV would rise to 66.7% after a 10% price drop, exceeding the threshold. Actual liquidations and native-XRP sales require separate transaction evidence. The total market debt was about 59.2 million USDC against 119.9 million cbXRP.

XRP fell 7.66% in 24 hours to $1.21 despite about $540 million worth of the token leaving Binance on November 4, the exchange's largest outflow in nine months. Analysts noted the withdrawal shrinks sellable supply but does not guarantee a rally, and some flows may be internal transfers. US spot XRP ETFs recorded zero net flows for three straight sessions, with October inflows at just $18.8 million versus $121.4 million in September. The lack of institutional demand offset the exchange outflows. The $1.21 level, a 61.8% Fibonacci retracement, is now a key support. An analyst said XRP must form a higher low and break $1.34 to confirm a bottom, with $1.11 as the next downside target.

An XRP Ledger order book sample showed a large gap between quoted and funded Bitstamp-issued USD tokens, with 1.28 million quoted against only 56,887 funded at Nov. 4 close. A single oversized offer accounted for most of the discrepancy, advertising 1.24 million tokens but holding just 17,967. RLUSD showed no such gap at that time, though its funding dropped by the next sample. For a 10,000-XRP sale, modeled results returned 12,684 Bitstamp USD tokens or 13,052 RLUSD, excluding additional costs. A Bitstamp USD AMM pool returned far less at 3,404 tokens, while the RLUSD pool gave 12,973. The analysis highlights that quoted order sizes can overstate available liquidity, and holders must consider issuer redemption conditions and separate AMM pools when assessing sale outcomes.

Ripple and C2FO have announced a supplier financing initiative on the XRP Ledger that would settle payments in RLUSD, a USD-pegged stablecoin. The service, tied to C2FO Instant Pay, would let suppliers receive early payments against approved invoices. While RLUSD is the settlement currency, the ledger's transaction fees and account reserve requirements mean operators may need to hold XRP, but the announcement does not detail specific XRP usage or demand.

Evernorth, an XRP treasury company listed on Nasdaq, has seen its stock plummet nearly 47% since its October debut, closing at a record low of $10.05. A new S-1 filing registers 73.7 million Class A shares for resale, nearly three times the outstanding stock, raising fears of selling pressure. Major holders include Arrington XRP Capital, Ripple Labs, and SBI-affiliated entities. Lock-up restrictions expire in April 2027, but the potential overhang tests investor confidence in the company, which holds about 473 million XRP. XRP itself traded near $1.24, down 5% in 24 hours.

XRP Ledger activated the fixCleanup3_4_0 amendment on November 4, closing a vulnerability that could allow accounts with PaymentBurn permission to mint issued tokens under certain conditions. The flaw affected stablecoins, trust-line tokens, and Multi-Purpose Tokens, but not native XRP. No exploitation has been publicly confirmed. The update also includes corrections for automated market maker clawbacks, permissioned trading, escrow reserves, and transaction signing. Validator support briefly fell below the required threshold on October 21, delaying activation. The amendment does not independently activate the planned lending protocol, which requires separate approval.

Evernorth, a Ripple-backed company, has filed to register 73.7 million shares for potential resale, creating a significant supply overhang as its stock trades near post-merger lows. The preliminary SEC filing from Oct. 30 lists major backers including Ripple Labs (18.14 million shares), Arrington XRP Capital (33.82 million), SBI Holdings affiliates (11.79 million), and Ripple co-founder Chris Larsen's trust (7.15 million). The registered shares represent nearly three times Evernorth's outstanding Class A stock. However, most major shareholders, including Ripple and Arrington, face six-month lock-ups until April 2027. The filing states it satisfies commitments from the business combination, not immediate sales. Evernorth's shares have fallen about 38% from their Oct. 12 debut high of $19.39, closing at $11.98 on Nov. 3.

Ripple CEO Brad Garlinghouse defended the crypto industry's political standing after the 2026 US midterm elections, where Democrats won control of Congress, saying pro-crypto candidates won across both parties. In a November 5 post, he stated the industry's mission of clear rules remains unchanged, citing 67 million US crypto users. Ripple's Chief Legal Officer Stuart Alderoty argued the results were more favorable than headlines suggest, pointing to Fairshake's wins in 29 of 34 decided races. Despite these wins, the industry faced setbacks, including the defeat of several crypto-backed candidates. Notably, Democrat Sherrod Brown won Ohio's Senate race despite over $60 million in crypto PAC spending against him. Ripple remains committed to political engagement and working with both parties on digital asset regulations, including the stalled CLARITY Act, with Fairshake planning to stay active in the 2028 cycle.

Ripple CEO Brad Garlinghouse reiterated that its $2.6 billion market cap stablecoin RLUSD is not competing with XRP, but with other stablecoins, and expressed a desire to see RLUSD use cases on the XRP Ledger. However, on-chain data from DefiLlama shows about two-thirds of the RLUSD supply ($1.72 billion) currently sits on Ethereum, while the XRP Ledger holds roughly $850 million, or about one-third. The gap has widened over the past month, with RLUSD supply on Ethereum growing by about a third while the XRP Ledger lost a similar share. This marks a reversal from late June when XRP Ledger overtook Ethereum, which regained the lead in late August. Ripple has not explained the shift, but Ethereum offers deeper DeFi integration with platforms like Aave, while the XRP Ledger lacks native lending. Despite the distribution imbalance, RLUSD's overall supply continues to grow, up more than 88% this year. Ripple's new national trust bank charter also covers stablecoin reserves. The trend indicates most stablecoin growth is currently happening outside Ripple's own ledger.

Nasdaq's $100 million investment in Kraken parent Payward advances plans for tokenised equities, with Nasdaq Equity Tokens targeted for Q2 2027, but the initiative does not imply XRP is required for settlement. XRP's role depends on actual usage for fees, reserves, and liquidity, not asset values. XRPL is active in institutional projects, such as CSD BR's Brazilian fund-record pilot and a Treasury redemption test with Ondo, but these involve mirror records or bank-settled cash legs, limiting direct XRP demand. Transaction fees are minimal, burning 0.00001 XRP per standard transaction, while reserves and bridge liquidity could contribute more if adopted. Analysts should track named networks, product rights, and XRP balances supporting fees, reserves, or trading. Direct versus bridged routes and disclosed production activity will shape demand, as tokenisation growth alone does not guarantee native-token usage.