XRP traded at $1.2835 at the October 26 close, sitting roughly 64.8% below its all-time high of $3.65 tracked by CoinGecko. The price drop arrives alongside unverified social media rumors regarding a massive institutional deal, just as Ripple prepares for its annual Swell conference in New York.
Rumored Blackrock Deal Lacks Official Filings
Social media posts claimed that BlackRock signed a $6.5 trillion XRP tokenization contract and that $650 trillion in real estate would move onto the XRP Ledger. However, neither BlackRock’s official public records nor regulatory filings contain any data supporting these claims. Independent checks could not verify the original posts or the scale of their online spread.
Ripple Swell Conference Agenda and Verified Partnerships
Ripple scheduled its annual Swell event from October 27 to October 29 in New York, gathering financial institution executives and developers to discuss capital markets, payments, and tokenization. The official event schedule lists no announcements concerning XRP transactions with BlackRock. Instead, confirmed business updates focus elsewhere. On October 22, Arf announced it will use RLUSD on the XRP Ledger to provide payment liquidity, assisting payment providers with working capital rather than executing BlackRock investments or XRP purchases.
Frequently Asked Questions
What is the official date and location of Ripple Swell?
Ripple scheduled the Swell conference to run from October 27 to October 29 in New York, according to the company’s official event page.
What did Arf announce regarding the XRP Ledger?
Arf announced on October 22 that it will utilize RLUSD on the XRP Ledger to supply payment liquidity and cover working capital needs for payment providers.
How does the current XRP price compare to its historical peak?
CoinGecko data places the all-time high for XRP at $3.65, leaving the October 26 close of $1.2835 down approximately 64.8% from that peak.
Keep reading