XRP News Today: 14% Weekly Drop as BNY Makes a Major Move

XRP News Today: Can BNY Custody Offset XRP’s 14% Weekly Price Drop?

Ripple’s token ends a tough week under the $1 mark. This XRP news today report covers a price slide of almost 14%, a big-bank custody update, a fresh round of RLUSD stablecoin minting, a global payments paper, and a yield promotion. .

Price Check: Token Down Nearly 14% in Seven Days

According to CoinMarketCap, the token trades near $0.9985, down 1.11% in 24 hours. Over the past day it moved between roughly $0.99 and $1.04. 

It opened near $1.03 and slid back through the day.

Metric

24-hour view

7-day view

Price

$0.9985

$0.9992

Change

-1.11%

-13.85%

Market cap

$63.42B

$63.47B

24h volume

$2.6B (+36.15%)

$2.59B (+35.95%)

Fully diluted value

$99.85B

$99.92B

Source: CoinMarketCap Live Data

The weekly chart shows a steady decline rather than one single crash.

These are approximate chart readings:

• Early in the week, the price sat near its weekly high of $1.1663.

• A sharp drop on November 9 pulled it toward the 1.05–1.10 area.

• Another leg lower on November 11 touched roughly $0.98 before a small bounce.

• By November 13–14, the price slipped under $1 again.

Early in the week, the price sat near its weekly high of $1.1663.

A sharp drop on November 9 pulled it toward the 1.05–1.10 area.

Another leg lower on November 11 touched roughly $0.98 before a small bounce.

By November 13–14, the price slipped under $1 again.

None of the official sources provided a single reason for the fall, so any exact explanation would be a guess. 

What the data does show is that trading volume rose about 36% while the price dropped, meaning more people were active during the decline. 

About 36 billion tokens are also not yet in circulation, which is why the fully diluted value ($99.85B) sits well above the market cap.

For anyone following XRP news today, the chart shows three simple levels. The $1 round number is the first to reclaim. 

The day’s low near $0.99 is the second. The $0.95 gridline is the next visible marker below. 

These are reference points, not predictions, and no one can say how far a price will fall.

BNY Now Supports XRP and RLUSD Custody

The Ripple press release is dated October 27, 2026, and the same story is highlighted again in this X post. 

According to the BNY announcement, BNY now supports XRP and RLUSD on its Digital Asset Custody platform. Custody simply means safekeeping, like a bank vault for digital coins.

Here is why it matters:

• BNY reports $63.4 trillion in assets under custody and administration as of September 30, 2026.

• Eligible institutions can hold and transfer both assets within BNY’s existing servicing controls.

• BNY was already the primary reserve custodian for RLUSD.

• BNY plans to let clients mint and redeem RLUSD directly through the bank. This is subject to final approvals.

• Ripple and BNY also plan to advance tokenized trade finance on the XRPL, starting with a supply chain finance initiative with C2FO.

BNY reports $63.4 trillion in assets under custody and administration as of September 30, 2026.

Eligible institutions can hold and transfer both assets within BNY’s existing servicing controls.

BNY was already the primary reserve custodian for RLUSD.

BNY plans to let clients mint and redeem RLUSD directly through the bank. This is subject to final approvals.

Ripple and BNY also plan to advance tokenized trade finance on the XRPL, starting with a supply chain finance initiative with C2FO.

Ripple’s release also says RLUSD has grown to about $2.5 billion in market value. 

It says the XRPL has processed over 4.6 billion transactions, settling in roughly three to five seconds. 

This is a positive XRP news today item, but it is a long-term infrastructure story, not a price trigger.

RLUSD Supply Update: 48.6 Million Minted in One Morning

A BankXRP post reports that Ripple minted 48.6 million new RLUSD on Ethereum on November 13, in four transactions:

Time (ET)

Amount minted

9:05 AM

1M

9:07 AM

19.6M

9:52 AM

12M

11:35 AM

16M

The same post gives the supply picture as of about 12:47 PM ET:

• Ethereum: about 1.97B RLUSD

• XRPL: about 763M RLUSD, up 8.9M since 8 AM but down 55.3M since midnight

• Combined: about 2.73B RLUSD

Ethereum: about 1.97B RLUSD

XRPL: about 763M RLUSD, up 8.9M since 8 AM but down 55.3M since midnight

Combined: about 2.73B RLUSD

This count excludes Base and other chains. You can verify the numbers on Ripple’s token address page and the XRPL dashboard. 

The data does not explain why the minting happened. Still, a larger stablecoin supply shows growing use of Ripple’s dollar-backed coin.

BIS Paper on Gig Work and Digital Payments

On November 12, 2026, the Bank for International Settlements published BIS Paper "The Gig Economy and Digital Payments." 

Gig work means jobs arranged through apps, such as ride-hailing, food delivery, and freelance services.

The paper says most gig payments are digital, both at home and across borders. 

It argues that the payment method affects costs, settlement time and protection against fraud. 

It also suggests that low-cost, fast and connected payment systems could help workers and consumers.

Source: Post On x

The BIS page lists four authors, names only the BIS as publisher, and does not mention these coins. It also states that the views belong to the authors, not necessarily the BIS.

FortisX Yield Promotion: What “20.85% APY” Really Means

A FortisX post claims over $65 billion in XRP sits idle while its pools offer yields up to 20.85% APY. 

That $65 billion figure is not supported by any official source provided, so treat it as the poster’s claim.

On the FortisX liquidity pool page, the XRP pool shows an estimated APR of 17.31%–21.16% and estimated APY of 19.08%–23.32%. 

APR is the simple yearly rate. APY includes compounding. The page says figures are illustrative, yields are variable, and returns are not guaranteed.

FortisX lists several yield sources:

• Rebalance compensation

• Liquidity premiums

• Payout smoothing

• Fees and conversion spreads

• Protocol staking flow

Rebalance compensation

Liquidity premiums

Payout smoothing

Fees and conversion spreads

Protocol staking flow

The risks are real. Rates can change, estimates may not match results, and you depend on the platform. 

A 20% yearly rate works out to under 0.4% per week, while the token itself fell almost 14% this week. This is information, not financial advice.

Conclusion

XRP news today story is a mix of weak price action and steady institutional progress. 

The token is down almost 14% in a week, while BNY custody, growing RLUSD supply, and a global payments paper add long-term context. 

Watch the $1 level, verify every yield claim, and always do your own research.

Disclaimer

This article is for educational and informational purposes only and is not financial or investment advice. Crypto assets are high risk, their prices can be very volatile, and you can lose some or all of your money. Always do your own research and consider speaking with a licensed financial advisor before making investment decisions.

About the Author Bablu Singh Nirwan

English Blog Writer at coingabbar.com

Bablu Singh Nirwan is a Content Writer with 6 months of experience covering blockchain, cryptocurrency, Web3, and digital finance. He specializes in researching emerging trends, simplifying complex topics, and creating SEO-optimized content. His work focuses on clarity, accuracy, and engaging insights that keep readers informed about the evolving crypto industry.

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