XRP news today is being shaped by three significant developments hitting the ecosystem almost simultaneously: a dramatic disclosure of a decade-old security vulnerability in the XRP Ledger, the launch of institutional custody for Ripple’s RLUSD stablecoin by Standard Chartered, and the underwhelming stock market debut of the world’s largest XRP treasury company on Nasdaq.
The biggest story of the past 48 hours centers on the XRP Ledger’s critical bug fix.
An overflow bug in the XRP Ledger’s payment engine could have let an attacker mint spendable XRP past the token’s 100 billion supply cap in a single transaction — and the vulnerable code dates all the way back to 2015, with developers saying they found no sign the bug was ever exploited.
AI security startup Veria Labs found the flaw; its co-founder Cayden Liao said an AI agent uncovered the vulnerability and his firm received the program’s maximum $250,000 bounty.
The mechanics of the exploit were alarming in their simplicity.
The software used a 64-bit integer to add up XRP amounts when a single payment pulled from multiple offers on the order book; if that running total grew past the largest number the integer could hold, it wrapped around to a number far smaller than reality — a gap an attacker could exploit to spend XRP that did not exist, causing the actual supply to quietly balloon while the ledger’s books appeared balanced.
What matters most for holders: the fix was already shipped.
Developers disclosed the issue on October 9, after the patch had already gone out in the xrpld 3.4.1 release on September 25, and RippleX found no evidence of exploitation on any public network.
Notably,
RippleX bypassed the normal amendment process for the first time in more than ten years, a decision made because the open-source nature of the code meant a public fix would have left the exploit visible on mainnet for weeks while validators voted.
The XRP Ledger Foundation confirmed that no unauthorized XRP was ever minted.
On the institutional front,
Standard Chartered launched institutional custody of Ripple USD (RLUSD) on the XRP Ledger on October 12, giving the bank’s eligible clients a regulated way to hold the dollar-backed stablecoin through its DIFC branch in Dubai, supervised by the Dubai Financial Services Authority.
The bank is also working with Ripple and LMAX Group to let institutions use RLUSD as trading collateral without moving tokens out of custody.
That collateral arrangement is not yet live and remains subject to testing, documentation, regulatory requirements, and internal approvals.
Still, the move signals deepening engagement from traditional finance with the XRP ecosystem.
The third major story was the Nasdaq debut of Evernorth, an XRP treasury company backed by Ripple and SBI Group.
Evernorth, built to hold XRP for investors, completed its SPAC merger and began trading on Nasdaq; it holds about 473 million XRP worth roughly $667 million and counts Ripple and SBI Group among its investors, providing traditional equity investors a proxy for XRP exposure without direct token ownership.
The debut, however, disappointed.
XRPN closed down 1.05% at $16.91 after an early spike near $19.38 and a sharp reversal, while XRP itself fell 3.03% despite Evernorth holding hundreds of millions of the token.
Future XRP purchases by Evernorth could support prices, but the listing itself creates no direct buying pressure.
On price, XRP news today reflects a market under pressure.
The live XRP price is around $1.34, down roughly 4.98% in the last 24 hours, with a market cap of approximately $84.5 billion and a 24-hour trading volume of about $2.13 billion.
XRP had already fallen from $1.52 to a low of $1.31 by October 8 — a decline of roughly 14% in under two days — before recovering to around $1.40.
One bright spot:
in the week ending October 9, US spot XRP ETFs attracted $11.3 million in net inflows, extending their streak to 13 consecutive weeks — even as XRP’s price fell 8.2% during that period and while Bitcoin and Solana ETFs saw significant outflows — pushing cumulative net inflows to a record $1.80 billion.
What to watch next: whether the $1.31–$1.35 support zone holds as a floor heading into mid-October, whether Evernorth’s stock stabilizes relative to its underlying XRP holdings, and whether Standard Chartered’s RLUSD custody move sparks similar announcements from other major banks.
This article is for information only and is not financial advice. Crypto prices are volatile; always do your own research.