Ripple Brings RLUSD to Robinhood as Moody’s Rates It A2: How Much of This XRP News Reaches XRP?

Ripple kicked off Swell 2026 in New York on Tuesday, October 27, by broadening its partnership with Robinhood to settle institutional trades using Ripple’s RLUSD stablecoin directly on the XRP Ledger. Less than 24 hours later, Moody’s assigned an A2 rating to RLUSD. Both major updates focus primarily on the stablecoin rather than the native token.
XRP currently changes hands at $1.33, reflecting a 2.7% gain over 24 hours, backed by $1.56 billion in trading volume and an $84.2 billion market capitalization.

The central question is how much of this robust week for RLUSD actually translates value to XRP.

JUST IN: Moody's gave Ripple’s $RLUSD A2 long-term and P-1 short-term deposit ratings. The agency said the strong ratings reflect the stablecoin's reserve coverage, liquidity, and redemption arrangements. pic.twitter.com/7v3JhxtxXH

— Whale Insider (@WhaleInsider) October 28, 2026

DISCOVER: 15+ Best Crypto IPO to Watch in 2026

What Did Ripple Announce at Swell 2026?

CEO Brad Garlinghouse detailed three partnerships and a new bank charter—all centered around RLUSD—via a social media thread late Tuesday night after kicking off the conference alongside U.S. Treasury Secretary Scott Bessent.

• Robinhood: RLUSD is currently live on Robinhood Chain and Bitstamp by Robinhood, with integration into the primary Robinhood app scheduled for later this year. Additionally, Ripple Prime will supply Bitstamp with lending and margin financing across roughly 20 assets, and Robinhood plans to manage its treasury using Ripple Treasury.
• BNY: The institution is now safeguarding XRP and RLUSD for institutional clients via its Digital Asset Custody platform, in addition to holding RLUSD’s reserves. Both companies are currently exploring, but not yet launching, tokenized trade finance on the XRP Ledger.
• The Bank: The OCC granted final approval for Ripple National Trust Bank on Monday.

We’re kicking off 10 years of @RippleSwell with a bang!

1/ Goes without saying, but it was an honor to open up our conference with @SecScottBessent. His leadership, alongside the current administration, has been instrumental in ensuring that responsible crypto can thrive in the… pic.twitter.com/9kvULoDY0n

— Brad Garlinghouse (@bgarlinghouse) October 27, 2026

Robinhood’s base of 28.6 million funded customers represents the core opportunity. Johann Kerbrat, head of Robinhood Crypto, summarized the collaboration succinctly: “Utility is what moves stablecoins forward.” Neither organization has disclosed specific financial volumes or monetary figures.

DISCOVER: Ripple Leaves October’s 1 Billion XRP Unlock Untouched for 26 Days: Will Swell Week Change That?

The A2 rating from Moody’s indicates low credit risk for holders of RLUSD. Considered investment grade—sitting five notches below the top-tier Aaa—the A2 rating is paired with a P-1 short-term grade, Moody’s highest classification. This evaluation applies to RLUSD issued by Standard Custody & Trust, Ripple’s New York-regulated subsidiary, operating on both the XRP Ledger and Ethereum networks.

Jack McDonald, Ripple’s SVP of stablecoins, highlighted that RLUSD is “the first stablecoin to have ever received an investment-grade Moody’s rating.” Its reserves consist of cash and short-dated U.S. Treasuries, predominantly stored at BNY.

However, a credit rating does not function as insurance: RLUSD remains distinct from a bank deposit, and Moody’s has not yet released its full analytical report.

XRP News On-Chain: How Much RLUSD Sits on the XRP Ledger?

The total amount may surprise observers. An audit of both networks on October 28 revealed 981.99 million RLUSD residing on the XRP Ledger and 1.598 billion on Ethereum, bringing the combined total to $2.58 billion. This means the XRP Ledger accounts for 38% of the supply.

Supply on the XRP ledger has remained largely static since late August, when totals hovered near $1 billion. This dynamic explains why Robinhood’s platform selection matters significantly for XRP holders: settlements executed on the XRP Ledger consume XRP via transaction fees and require XRP for reserves, whereas Ethereum-based settlements bypass the token entirely.

Meanwhile, Ripple’s enterprise XRP holdings remain stationary. The 1 billion XRP released from escrow on October 1 sits completely untouched across the two wallets identified by XRPScan as Ripple 10 and Ripple 11, holding 500 million each, with another 1 billion scheduled to unlock on Sunday, November 1.

EXPLORE: Ripple Partner Arf Brings Its $10 Billion Payments Lending Business to the XRP Ledger

XRP Price Analysis: Can XRP Clear Its EMAs After Swell?

XRP has not yet broken through. Trading at $1.3304 on Binance following a 1.7% increase on Tuesday—the day of the Robinhood announcement—the asset remains positioned beneath its 50-day exponential moving average (EMA) of $1.3602 and its 200-day EMA of $1.3708.

• The Ceiling: Ranging from $1.3602 to $1.3708 (the dual EMAs). XRP has failed to record a daily close above either level since October 11.
• Resistance: Set at $1.3992, marking the October 21 peak where the previous upward movement stalled.
• Support: Found at $1.2546, corresponding to the October 24 low, closely aligning with the $1.2562 floor that held firm on October 18.

The Swell conference main stage continues operations through Thursday. Moving forward, the critical metric to monitor is not just the price of XRP, but the supply of RLUSD on the XRP Ledger: if Robinhood-driven transaction settlement begins appearing on-chain, the current 38% market share should start to rise.

Follow 99Bitcoins on X For the Latest Market Updates, and Subscribe on YouTube For Daily Expert Market Analysis.

DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2026