Important Ripple News and XRP Price Update: October 15

It was another major week for Ripple and its native token, albeit not moving in the same direction. While the company announced a big partnership with Standard Chartered, XRP slumped hard during the Thursday market crash. We will also review a major fix that was implemented in the XRP Ledger. Let’s dive in. One of the biggest pieces of news from the end of last week was Ripple’s expansion into the leveraged ETF market on Wall Street. Through its prime brokerage platform, Ripple Prime, the company now offers swap financing. This followed its doubling down on its partnership with Brevan Howard, which expanded its services for hedge funds and investment managers. Leveraged ETFs use derivatives and pose significant risks and costs for investors, which could reduce long-term returns due to financing charges. Separately, Standard Chartered launched custody support for Ripple’s native stablecoin, RLUSD, strengthening its integration into institutional trading with LMAX Group. The bank’s DIFC Branch in Dubai, regulated by the Dubai Financial Services Authority, operates the service. The collaboration aims to improve operational efficiency and risk management for institutions using stablecoins in global markets. Speaking of Ripple’s presence on Wall Street, we need to mention Evernorth’s successful debut. The XRP-holding company with 473 million tokens in its stash debuted on Nasdaq on October 12 after merging with Armada Acquisition Corp. II. On its launch day, the XRPN stock fluctuated between $16.40 and $19.40. However, the broader market correction pushed it below the lower boundary, and it closed at $15.26 yesterday. A day later, Evernorth announced how it plans to put its XRP fortune to work as it partnered with Ripple, Kraken, Coinbase, and BitGo to deploy the millions of tokens into institutional strategies starting in Q4 2026. The partnership aims to manage XRP investments with effective risk controls and oversight, enhancing institutional investment strategies. As we reported over the weekend, demand for the spot XRP ETFs remained positive. The funds tracking the cross-border token were among the very few ending the week in the green, attracting $11.31 million. At the same time, the Bitcoin and Ethereum ETFs bled