Key Takeaways
- Patrick Riley says a potential decline in XRP to $0.80 could present an exceptional buying opportunity.
- XRP’s weakness persists despite Ripple’s expanded collaboration with BNY, which includes institutional XRP custody.
- The partnership broadens access to XRP but does not establish how much institutions will buy.
XRP commentator and realtor Patrick L. Riley says a drop to $0.80 could become the “buy of a lifetime,” as the token’s retreat contrasts with Ripple’s progress bringing its technology into institutional finance.
It comes as XRP’s price traded near $1.02 when checked on Nov. 13, with CoinGlass recording a move below $1 during the developing daily session.
The weakness follows Ripple’s Oct. 27 announcement that BNY now supports XRP and Ripple’s dollar stablecoin, RLUSD, on its institutional custody platform.
Riley Sees Opportunity in a Deeper Decline
In his Nov. 10 post on X, Riley suggested that further losses could create an unusually attractive entry point:
“If $XRP drops to $0.80 it may well be the buy of a lifetime…”
Reaching that level would require XRP to fall another 21.6% from a $1.02 reference price.
For prospective buyers, the lower price would yield more tokens for the same investment: $1,000 would buy 1,250 XRP at $0.80, compared with about 980 XRP at $1.02.
A recovery from $0.80 to $1.02 would then deliver a 27.5% gain.
Other XRP commentators have outlined much larger potential gains, although their forecasts depend on technical patterns developing and buying demand returning.
ChartNerd Targets $5–$8 Over the Coming Years
ChartNerd has maintained a longer-term $5–$8 outlook based on what he describes as an 8.5-year cup-and-handle formation.
In a Nov. 11 update, he described the pattern as:
“6 MONTHS ON, STILL BUILDING..”
From a hypothetical $0.80 entry, reaching $5 would represent a 525% gain, while reaching $8 would represent a 900% gain.
EGRAG Retains Conditional Targets Up to $27
EGRAG Crypto’s Nov. 11 analysis outlined a possible third bottom along XRP’s multiyear rising support line, with longer-term targets of $13, $17 and $27.
He described the setup as:
“THE TRIPLE BOTTOM I KEPT SHOWING YOU!”
Ripple’s BNY Expansion Adds Institutional XRP Custody
In its October announcement, Ripple said eligible BNY clients could hold and transfer XRP and RLUSD through the bank’s digital asset custody platform.
The expansion builds on BNY’s existing role as the primary custodian of RLUSD’s reserves and its custody relationship with Ripple Prime.
Ripple President Monica Long said the focus was moving beyond issuing assets on a blockchain:
“now, it’s all about making these tokenized assets usable for payments and collateral across financial markets”
BNY also intends to support more tokenized assets and investment products issued on the XRP Ledger.
Separately, the companies plan to enable BNY clients to mint and redeem RLUSD directly through the bank, subject to final BNY and regulatory approvals.
The collaboration extends to exploring tokenized trade finance, including a potential supply chain finance initiative with the working capital platform C2FO.
XRP Price Remains Under Pressure
The market has continued to weaken alongside those business developments.
CoinGlass showed XRP down 13.5% over seven days and 23.3% over 30 days.
As CCN reported in October, the token was already struggling during a run of five Ripple developments involving Brevan Howard, Standard Chartered, Meritz Securities, DriveWealth and Ripple Prime.
Those announcements expanded Ripple’s reach across brokerage, custody, settlement and derivatives.
However, they created different potential roles for XRP.
Standard Chartered’s custody offering focused on RLUSD, while DriveWealth’s planned settlement integration also centered on the stablecoin.
The subsequent addition of XRP to BNY’s custody platform provided a more direct connection to the token by allowing eligible institutional clients to hold it through the bank.
Ripple has also reported growing engagement in Britain.
In CCN’s coverage of its London expansion, UK and Europe managing director Cassie Craddock said the office occupied three floors and was “over capacity.”
Together, the developments show Ripple winning business and institutions adopting services connected to the XRP Ledger.
Less clear is how much additional demand they generate for XRP itself.
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Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
