Ripple CTO David Schwartz advocated on November 9 for a higher XRP price to improve network efficiency, arguing that increased valuations would enhance liquidity and reduce transaction slippage for institutional payments. Schwartz noted that a higher token price would make XRP more practical for institutions transferring substantial amounts across borders. Meanwhile, Qivalis, a consortium of 37 European financial institutions spanning 15 countries, received Electronic Money Institution authorization from the Dutch central bank in October 2026 to launch a regulated euro-denominated stablecoin. The initiative aims to establish blockchain-based infrastructure for payments and settlements, with key members BBVA and DZ BANK having existing partnerships with Ripple's custody business. XRP traded near $1.10 following recent market corrections.

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