XRP Set for Busy October with Key Events, Institutional Demand Remains Strong
XRP is entering a crucial period in October, with four major events set to shape its next move. These developments could drive XRP's price toward $2.90.
The first event is XRP Seoul, which takes place on October 3 and brings together banks, financial institutions, and Ripple teams in South Korea. The focus will be on using the XRP Ledger (XRPL) for cross-border payments and other financial services. RLUSD, Ripple's stablecoin, has recently crossed a $2 billion market cap.
The acquisition of Evernorth by Ripple-linked entities is scheduled to reach completion on October 7. This integration could add institutional custody and real-world asset RWAUSD infrastructure to the broader ecosystem, further connecting XRP with traditional financial services.
XRPN will begin trading on the Nasdaq on October 8, providing another investment route for XRP investors. With $1.79 billion in cumulative inflows from U.S. spot XRP ETFs over the past 11 weeks, institutional demand remains strong.