XRP at $1.25, 65.8% below its all-time high

XRP traded around $1.25 (approximately 1,666 won) as of the report, 65.8% below its all-time high of $3.65 (approximately 4,865 won) set in July last year, with a 16% decline over the past month per CoinMarketCap and a required ~192% rally to reclaim the peak. Ripple announced it received final approval from the U.S. Office of the Comptroller of the Currency (OCC) on October 26 to establish Ripple National Trust Bank, roughly 10 months after conditional approval in December last year. The banking charter allows Ripple to manage RLUSD stablecoin reserves under federal oversight and offer digital asset custody services to institutional clients, though it differs from a full commercial bank. The development matters because it expands Ripple's regulated financial services footprint amid a prolonged XRP price slump. Watch for how the trust bank's custody and reserve management operations develop and their impact on RLUSD adoption.