[LIVE] XRP Price Developments, October 22: Japanese Firm GUMI Joins Ripple and SBI in Evernorth’s XRP Treasury Deal
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.