Ripple Achieves Major Milestones, XRP Struggles at $2 as

Generally, You should be aware that Ripple announced a major partnership with AMINA Bank to facilitate near-instant cross-border payments using Ripple’s stablecoin, which is a big deal for them. Normally, This collaboration aims to enhance the efficiency of international transactions for AMINA Bank’s clients, and it seems like a good move. Obviously, Ripple is trying to expand its reach, and this partnership is a significant step forward. Usually, You would think that such a partnership would have a positive impact on the price of XRP, but Apparently, that’s not the case, and the price has not risen correspondingly. Basically, Over the past month, XRP has declined nearly 20 % and is down more than 40 % from its all-time high of $3.65 in July, which is a significant drop.

Partnership with AMINA Bank

Clearly, Ripple received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, which is a big achievement. Essentially, This places Ripple alongside other prominent digital-asset companies such as Circle, BitGo, Paxos, and Fidelity, which have obtained similar licenses, and it’s a significant milestone.

Conditional OCC Approval for a National Trust Bank

Naturally, The recent announcements did not trigger a recovery, and the token briefly slipped below $2 during a market-wide correction, but has since regained some ground, trading around $2.04. Normally, The overall trend remains a concern for investors, and it’s hard to predict what will happen next.

XRP Price Performance

Generally, You would expect the launch of spot XRP ETFs in the U.S. to boost the token’s price, but Even the launch of spot XRP ETFs in the U.S., which attracted inflows of nearly $1 billion, failed to boost the token’s price, which is surprising. Basically, Despite these positive developments, XRP’s price has not risen correspondingly, and it’s a concern for investors.

Summary

Obviously, While Ripple continues to achieve significant milestones and expand its influence in the financial sector, the price of XRP remains under pressure, highlighting the complex dynamics between corporate achievements and cryptocurrency valuations, and it’s a complex issue. Usually, You can’t just look at the achievements of a company and predict the price of its token, there are many other factors involved.