XRP price Holds Near USD 1.29 as Ledger Activity Hits 2026 High
Published on 10/29/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSXRP activity rises while demand lags
- XRP traded at USD 1.3093 on the Investing.com page at 16:57:51 Berlin time, with a market capitalization of USD 82.92 billion.
- XRPL active accounts reached 32,604 on October 27, approximately 68% above the 30-day average, according to Coinpaper.
- Ripple received final OCC approval for a national trust bank, but the approved activities primarily support RLUSD reserves and digital-asset custody.
- The token remains below its recent monthly high, while network activity has not yet translated into stronger spot demand.
XRP price remained near USD 1.29 on Thursday as stronger XRP Ledger activity failed to produce a clear recovery in the token. Investing.com displayed XRP at USD 1.3093 at 16:57:51 Berlin time, with a 24-hour volume of USD 2.10 billion and a market capitalization of USD 82.92 billion. The page showed a 52-week range of USD 0.9886 to USD 2.5917.
TokenPost reported a separate observation at 13:01 UTC on October 29: XRP traded at USD 1.29, down 2.09% over the preceding 24 hours. That is a rolling comparison, not the UTC day-close comparison required for a daily performance figure.
Network activity reaches a yearly high
According to Coinpaper, the XRP Ledger recorded 32,604 active accounts on October 27. The figure was approximately 68% above the reported 30-day average of 19,400 and represented the network's highest daily active-account count of 2026.
The increase does not by itself establish stronger investment demand. Active accounts measure transaction senders, and can include multiple wallets controlled by one institution or activity generated by automated systems. Coinpaper reported that XRP was still trading near USD 1.29 on October 29 and had declined approximately 13% over the preceding month. The publication identified USD 1.25 as a near-term level watched by technical traders.
Ripple adds federal trust-bank approval
Ripple announced on October 26 that the Office of the Comptroller of the Currency had granted final approval for Ripple National Trust Bank. In its company release, Ripple said the bank will be authorized to manage segregated reserves supporting RLUSD, act as collateral trustee for RLUSD holders and provide fiduciary digital-asset custody services.
RLUSD will continue to be issued by Standard Custody & Trust Company, according to Ripple. The approval therefore directly expands the regulatory framework around Ripple's stablecoin and custody operations; it does not itself establish that institutions must buy XRP. That distinction helps explain why a significant Ripple corporate milestone has not automatically translated into a stronger XRP price.
What investors are watching next
For XRP, the immediate question is whether rising ledger participation can persist while market demand remains subdued. A sustained move below the USD 1.25 area would weaken the near-term technical picture identified by Coinpaper, while network activity alone is not a reliable signal of token appreciation.
More XRP coverage is available on the XRP topic page.
