Ripple Labs, the American fintech enterprise that issued the popular XRP token, is looking to build a $1 billion treasury, fundraising via a special purpose acquisition company (SPAC). Some people familiar with the matter told Bloomberg that Ripple Labs intends to use some of their escrow-held XRP coins to boost the fundraising efforts.
$1B DAT To Bolster XRP’s Worldwide Adoption
These assets will go live on the digital asset treasury (DAT), which is set to work in a similar fashion to the famed Bitcoin Maxi Michael Saylor’s MicroStrategy Inc. or Japan’s Metaplanet. This comes just a day after Ripple inked a deal with GTreasury, purchasing the company in order to strengthen ties with traditional corporate finance chiefs.
Despite the mouth-dropping crypto market backslide this Friday, institutional investors had launched over 300 entities to hold just Bitcoin (BTC), but altcoins & stablecoins are starting to find their place in the corporate finance world as well. Back in May, VivoPower announced plans to stack up XRP coin with a $121 million XRP-focused fundraiser.
XRP’s Price Still Standing On Dangerous Ground
Right now, XRP is the fourth largest crypto currency across the globe, sporting a total market capitalization of $136 billion, according to SoSoValue. The plunge to $2.26 today amid Bitcoin’s (BTC) pullback to $105K raises extra questions for XRP coin, which could face extra turbulence if this level doesn’t hold, as warned Peter Brandt a few weeks ago.
On the other hand, other seasoned market analysts see this week’s drastic price plunge as a shake-out of overly-optimistic positions, usually in the form of high-leverage XRP price plays on Perpetuals markets rather than Spot. On the technical side, things aren’t looking great in the short-term, as largest crypto investors, otherwise known as whales, are heavily taking profits.
At the moment, the Chaikin Money Flow (CMF), a popular whale-behavior tracking device, flashes -0.12, meaning that crypto currency whales aren’t rushing to top up on their XRP reserves despite the OG altcoin bouncing off the green-label Bollinger Band (BOLL) of $2.25, securing slight intra-day gains after a double-digit pullback this Friday.
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People Also Ask:
On October 17, 2025, Ripple tapped into its $1 billion XRP reserves to stabilize the market, reacting to price turmoil as XRP hovers at $2.30 amid a volatile crypto landscape.
A Bitcoin drop below $110,000 and a $19 billion liquidation wave have rattled the market, dragging XRP down from recent highs, though its current $2.30 price shows some resilience.
Ripple aims to boost liquidity and confidence, potentially pushing XRP above $2.30 if demand spikes. However, selling pressure from unlocked XRP could cap gains if traders cash out.
The turmoil stems from over-leveraged trades, Hyperliquid’s auto-deleveraging, and geopolitical jitters from Trump’s October 16 call with Putin, all amplifying volatility across assets.
Monitor XRP’s price action past $2.30, Ripple’s treasury deployment strategy, and market recovery signs. Stay updated with DailyCoin for reliable insights on this unfolding story.
