XRP Remains Below 2025 Peak Before Swell
XRP traded near $1.28 as of October 26, leaving the token roughly 64.6% below its $3.65 high from July 2025, according to Bitcoin.com News. The price snapshot came one day before Ripple Swell was due to begin in New York, while unverified social media claims involving BlackRock circulated without a confirmed deal or filing.
The distinction between a listed BlackRock speaker and an alleged BlackRock XRP transaction has become central to the discussion ahead of the event. KuCoin reported as of October 23 that representatives from BlackRock and the International Monetary Fund were included in Swell’s official speaker lineup, but Bitcoin.com News reported as of October 26 that no BlackRock XRP deal or filing had been confirmed.
What happened
Bitcoin.com News reported that XRP changed hands at about $1.28 on Monday, October 26. At that level, the outlet said XRP was roughly 64.6% below the $3.65 all-time high it identified from July 2025 and down about 51% over 12 months.
The report also described a wave of weekend social media posts claiming that BlackRock had agreed to a $6.5 trillion XRP tokenization deal. Bitcoin.com News said as of October 26 that the claim was unverified and that no related deal or filing had been confirmed.
Market activity cited by Bitcoin.com News showed net XRP outflows of about $81.8 million across Upbit, Binance and Coinbase as of October 26. The reported figures were $42.49 million from Upbit, $25.22 million from Binance and $14.13 million from Coinbase.
Ripple Swell 2026 was scheduled to run from October 27 through October 29 in New York, according to KuCoin as of October 23. KuCoin said the event combines Ripple’s annual conference with the Apex developer program.
Why it matters
The episode illustrates how conference attendance and speaker lists can be interpreted more broadly than the facts support. BlackRock’s presence on the official Swell speaker lineup, as reported by KuCoin as of October 23, is a verified event detail. It does not confirm the separate $6.5 trillion tokenization claim described by Bitcoin.com News as of October 26.
That difference matters because the reported rumor was specific, involving both a named firm and a purported XRP transaction. Bitcoin.com News reported that neither a deal nor a filing had been confirmed as of October 26, leaving the social media claim unsupported by the reporting cited.
XRP’s price position adds context to the attention around Swell. Bitcoin.com News placed the token near $1.28 as of October 26, substantially below its July 2025 record. The reported price gap shows that the event was taking place while XRP remained well below the prior peak identified by the outlet.
The exchange-flow figures are also notable because they cover three large trading venues rather than a single platform. Bitcoin.com News reported combined net outflows of about $81.8 million as of October 26, while separately reporting that XRP was down about 51% over 12 months. The report did not establish a cause connecting the outflows, the price level or the BlackRock rumor.
Background and context
Ripple Swell has drawn institutional attention because representatives from BlackRock and the International Monetary Fund are listed as speakers, according to KuCoin as of October 23. The conference’s New York schedule, from October 27 through October 29, places the event immediately after the October 26 XRP market snapshot reported by Bitcoin.com News.
Regulated U.S. spot XRP products held approximately $1.5 billion as of October 22, according to KuCoin. The outlet said spot XRP ETFs had recorded $1.81 billion in cumulative net inflows since November 2025, while carrying an estimated $375.5 million in unrealized losses and a $1.72 average entry price.
Those ETF figures provide a separate measure of exposure from XRP’s spot-market price. KuCoin’s reported $1.72 average entry price and Bitcoin.com News’ reported $1.28 XRP level as of October 26 are different figures describing different points of reference. Neither report said that the ETF data validated the BlackRock social media claim.
There is also a difference between the verified institutional participation at Swell and the unverified transaction narrative. KuCoin reported the speaker lineup as of October 23. Bitcoin.com News reported as of October 26 that no BlackRock XRP deal or filing was confirmed. The available reporting therefore supports BlackRock representation at the conference, not confirmation of the alleged tokenization arrangement.
What to watch
The first question is whether Ripple Swell produces any formal announcement, filing or statement addressing the BlackRock-related claims. As of October 26, Bitcoin.com News reported no confirmed deal or filing.
It will also be important to distinguish scheduled speakers from commercial partnerships or tokenization transactions. KuCoin’s October 23 report confirmed that BlackRock and International Monetary Fund representatives were included in the speaker lineup, but it did not report a BlackRock XRP agreement.
Additional market snapshots may clarify whether the exchange-flow pattern reported by Bitcoin.com News as of October 26 continues after the conference begins. The reported $81.8 million total covered Upbit, Binance and Coinbase, but the report did not provide a broader conclusion about subsequent trading activity.
Finally, the spot XRP ETF figures reported by KuCoin as of October 22 remain a relevant point of context. The products’ approximately $1.5 billion in holdings, $1.81 billion in cumulative net inflows since November 2025, estimated $375.5 million in unrealized losses and $1.72 average entry price are separate from unconfirmed claims circulating before Swell.
