XRP Recovers to $1.37 as Standard Chartered Backs Ripple USD
XRP price rebounded after Standard Chartered announced support for Ripple's RLUSD stablecoin in Dubai.
XRP price rebounded after Standard Chartered announced support for Ripple's RLUSD stablecoin in Dubai. XRP (XRP) is trading at $1.37. This is an original Token Times brief synthesising 2 outlets (CoinJournal, ZyCrypto), plus live market data, as of Wed, 14 Oct 2026 12:00:02 UTC.
The involvement of a major global bank like Standard Chartered in RLUSD custody signifies growing institutional adoption of Ripple's stablecoin ecosystem, which could bolster XRP's utility and demand.
- XRP price bounced from $1.32 support after custody announcement
- Standard Chartered will custody RLUSD for institutional clients in Dubai
- RLUSD has a $2.4B circulating supply
- XRP ETFs saw $12M inflows this month, lower than September
CoinJournal and ZyCrypto both report that Standard Chartered will provide custody services for Ripple USD (RLUSD) in Dubai, targeting institutional clients. They agree this move follows a broader trend of financial institutions embracing stablecoins. However, CoinJournal emphasizes the impact on XRP's price, noting its recovery from $1.32, while ZyCrypto focuses on the institutional adoption aspect. Additionally, CoinJournal reports specific figures for RLUSD's circulating supply ($2.4B) and XRP ETF inflows ($12M this month), which are not mentioned in ZyCrypto's coverage.
- Standard Chartered Launches RLUSD Custody on XRP Ledger in Dubai
- XRP Recovers to $1.37 as Standard Chartered Backs Ripple USD — this brief
XRP's price rebounded after global banking giant Standard Chartered announced it will provide custody services for 
Ripple USD (RLUSD) in Dubai. The announcement came as part of a broader institutional push into stablecoin markets.
The partnership between Standard Chartered, Ripple, and LMAX will allow institutional clients to place RLUSD with the bank, potentially increasing the stablecoin's adoption and utility. RLUSD currently has a circulating supply of $2.4 billion, according to DeFiLlama.
This development follows a trend of traditional financial institutions showing increasing interest in digital assets and stablecoins. The involvement of a major bank like Standard Chartered could lend credibility to Ripple's stablecoin ecosystem and drive further institutional adoption.
In related news, XRP exchange-traded funds (ETFs) have attracted around $12 million in inflows this month, though this is significantly lower than the inflows seen in September. Despite the recent market fluctuations, XRP has managed to recover from support at $1.32, reaching $1.37 at the time of writing.
The overall cryptocurrency market remains relatively flat, with a total market cap of $2.86 trillion. 
Bitcoin is down 0.45% in the last 24 hours, while XRP has gained 0.23% over the same period. The Fear & Greed Index currently stands at 62, indicating a 'Greed' sentiment in the market.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.37 to $1.37 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹142.14 (about $1.37), up 1.1% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 14, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Recovers to $1.37 as Standard Chartered Backs Ripple USD — questions & answers
What is RLUSD and why is it important?
RLUSD is Ripple's stablecoin with a $2.4B circulating supply. Standard Chartered's custody support could boost its adoption and institutional credibility.
How did XRP's price react to the news?
XRP rebounded from $1.32 support after Standard Chartered's RLUSD announcement, rising 0.23% in the last 24 hours.
What is the significance of Standard Chartered's involvement?
The bank's participation adds institutional legitimacy to Ripple's stablecoin ecosystem and could encourage further adoption.
How much is 1 XRP worth in rupee today?
About ₹142.14 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.37. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinJournal, ZyCrypto, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.