Partnership with AMINA Bank
Ripple announced a partnership with AMINA Bank, a Swiss‑based institution, to facilitate near‑instant cross‑border payments using Ripple’s stablecoin. This collaboration aims to enhance the efficiency of international transactions for AMINA Bank’s clients.
Conditional OCC Approval for a National Trust Bank
Ripple received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This places Ripple alongside other prominent digital‑asset companies such as Circle, BitGo, Paxos, and Fidelity, which have obtained similar licenses.
XRP Price Performance
Despite these positive developments, XRP’s price has not risen correspondingly. 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. 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.
The recent announcements did not trigger a recovery. The token briefly slipped below $2 during a market‑wide correction but has since regained some ground, trading around $2.04. The overall trend remains a concern for investors.
Summary
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.
