Analyst: Ripple's bank deals don't create direct XRP demand
- —Standard Chartered will mirror eligible collateral value in RLUSD without moving tokens to the venue
- —XRP sits at $1.39, up just 1.5% since the custody announcement
- —Standard Chartered cut its XRP year-end 2026 target to $2.80 from $8
- —XRP ETF inflows reached $1.8 billion through October 16 versus a $4–8 billion forecast
Why it matters: Ripple's expanding business has yet to translate into token demand; disclosed bridge volumes and XRP collateral use would be clearer evidence.
Source: DailyCoin