TLDR: XRP gained 0.62% to $1.29 after Ripple secured final OCC approval for its national trust bank. Ripple’s federally supervised trust bank will support RLUSD reserves and enterprise digita
XRP gained 0.62% to $1.29 over 24 hours, slightly outperforming the broader crypto market, according to CoinMarketCap.
The move followed the Office of the Comptroller of the Currency’s (OCC) final approval for Ripple National Trust Bank on October 26, 2026. Ripple CEO Brad Garlinghouse said the approval will support RLUSD and enterprise digital asset custody under federal supervision.
Meanwhile, Santiment reported that wallets holding at least 10 million XRP now control 46.87 billion tokens, representing approximately 68.5% of the supply. Traders are watching whether XRP can hold $1.25 support and break above $1.30 as the market approaches Ripple Swell.
Ripple’s banking approval provides a fresh regulatory development for the company’s institutional business. The proposed trust bank will manage RLUSD stablecoin reserves and offer digital asset custody services to enterprise clients under federal oversight.
Garlinghouse welcomed the decision ahead of Ripple Swell, arguing that crypto companies and banks can operate together under clear accountability standards. The approval could strengthen confidence in Ripple’s ability to serve institutional clients within the regulated financial system.
Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank.
This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises.
We’ve always said crypto and banks work better…
— Brad Garlinghouse (@bgarlinghouse) October 26, 2026
However, the development does not guarantee immediate demand for XRP. RLUSD and XRP serve different purposes within Ripple’s ecosystem, so greater adoption of Ripple’s stablecoin or custody services does not automatically translate into additional XRP purchases.
Market analyst Matthew Dixon sees the regulatory milestone as a potential catalyst for XRP sentiment. He is watching for the completion of the token’s correction and a sustained break above its descending trendline before considering another upward move.
Santiment reported that wallets holding at least 10 million XRP collectively control 46.87 billion tokens, or approximately 68.5% of the supply. This represents the highest concentration held by these wallets since November 2022.
The accumulation suggests that large holders have maintained or increased their exposure despite XRP trading near $1.29. Still, wallet concentration alone cannot confirm whether these holdings reflect fresh buying, long-term positioning, or assets held on behalf of other investors.
XRP Whales Now Control Most Supply Since 2022
Wallets holding at least 10M XRP now control 46.87B tokens. That represents roughly 68.5% of XRP’s supply, the highest share held by this group since November 2022.
The key signal is that these massive holders have kept… pic.twitter.com/YOvZB3pT08
— Santiment Intelligence (@SantimentData) October 26, 2026
The immediate price level to watch is $1.30, which Santiment identifies as a key pivot. A sustained move above $1.50 would provide stronger confirmation of recovery, particularly if whale balances continue growing.
On the downside, $1.25 remains an important support level. If XRP loses that level, the supplied market outlook identifies $1.05 as a potential downside target. Holding above $1.20 while whale accumulation persists would keep the bullish scenario in consideration.
The upcoming Ripple Swell conference could provide another sentiment catalyst, although conference-related expectations do not guarantee a price increase.
A break above the descending trendline would strengthen Dixon’s recovery scenario, while continued rejection could extend the correction.
For now, XRP faces improving regulatory sentiment and concentrated whale holdings, but price confirmation remains essential. The key question is whether buyers can push XRP above $1.30 and eventually reclaim $1.50 without losing support during another pullback.
The post Ripple Wins Final OCC Bank Approval as XRP Eyes $1.50 appeared first on Blockonomi.
