Japan’s gaming and blockchain company GUMI Inc. has joined SBI Group and Ripple in a private investment (PIPE) for Evernorth’s XRP treasury business, expanding institutional participation in the token’s ecosystem.
The collaboration aims to strengthen XRP’s role in cross-border settlement and corporate treasury operations, particularly across Asia’s growing digital finance market. Industry observers view the move as a sign of renewed institutional alignment behind Ripple’s infrastructure ambitions.
Meanwhile, XRP trades around $0.49, struggling to reclaim the $0.50 mark after recent market-wide weakness. Technical analysts identify key support between $0.475 and $0.48, with resistance at $0.515, suggesting consolidation may continue as traders digest the latest developments.
Follow this page for live XRP price movements and ongoing updates on market reactions to the GUMI–Ripple–SBI partnership.
XRP Price Developments, October 22: Live News and Price Updates
The post [LIVE] XRP Price Developments, October 22: Japanese Firm GUMI Joins Ripple and SBI in Evernorth’s XRP Treasury Deal appeared first on Cryptonews.
