XRP News Today: Whales Shift to Remittix as Ripple Bolsters Institutional Infrastructure

The XRP price is under renewed scrutiny as analysts warn of a potential decline toward $1.85, driven by shifting investor sentiment and whale activity. On-chain data reveals large holders are divesting XRP, redirecting capital toward emerging payment tokens like Remittix (RTX), which promises enhanced utility and deflationary mechanics, according to Coindoo. Technical indicators also signal vulnerability: CoinCodex models project a downward trajectory if XRP fails to hold above $2.43, with critical support levels at $2.10–$2.20 at risk. This trend coincides with broader market skepticism, as XRP's market capitalization hovers near $152 billion amid periodic liquidity unlocks from Ripple's escrowed tokens, according to Cryptopolitan.

Despite the price weakness, Ripple's institutional ambitions are accelerating. The company has acquired Palisade, a digital asset custody provider, to bolster its institutional-grade infrastructure, according to crypto.news. Palisade's multi-party computation (MPC) wallet technology and zero-trust architecture will integrate into Ripple Custody and Payments, enabling secure, multi-chain transactions across networks like XRP Ledger, Ethereum, and Solana, according to Cryptonewsland. This move follows Ripple's $1 billion acquisition of GTreasury and $1.25 billion purchase of Hidden Road, underscoring its strategy to bridge traditional finance and blockchain ecosystems, as reported by CryptoPotato. Ripple President Monica Long emphasized that the Palisade acquisition positions the firm as a "one-stop provider" for institutional needs, from long-term storage to real-time global payments, as CryptoPotato noted.

The XRP price narrative is further complicated by diverging fundamentals. While Ripple's valuation nears $30 billion and its U.S. legal clarity has spurred ETF filings—Canary XRP ETF is set for auto-listing on November 13—as CoinEdition reports, technical indicators show the token trading in a falling trend below $2.70. Institutional demand for XRP as a treasury asset, including Evernorth's $1 billion allocation, contrasts with retail outflows. Bitwise's XRP ETF progress and RLUSD stablecoin adoption have provided short-term optimism, but analysts caution that price stability hinges on holding key support levels, according to CoinPedia.

Meanwhile, alternative payment tokens are capturing investor imagination. Remittix, a project offering crypto-to-bank transfers in 30+ countries, has raised $27.7 million and secured partnerships with exchanges like BitMart, according to Cryptopolitan. Its deflationary model and real-world utility—such as audited security and low-fee transactions—position it as a direct competitor to XRP in the cross-border payments space, as Coindoo described. Whale movements suggest capital is rotating toward such projects, exacerbating XRP's downward pressure, per Coindoo's analysis.

Ripple's institutional push, however, remains a long-term tailwind. With over 75 global regulatory licenses, the firm is expanding its client base to include fintechs and corporates, leveraging Palisade's scalable wallet-as-a-service platform, as reported by crypto.news. This aligns with growing demand for custody solutions, as global digital asset holdings exceed $2 trillion, according to CoinoTag. While XRP's price struggles reflect near-term challenges, Ripple's ecosystem-wide investments in custody, payments, and treasury services could solidify its role in institutional crypto adoption, as CoinEdition observed.

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