Key Notes
- XRP price has remained stagnant for some time, even with increased institutional adoption.
- Nasdaq-listed Reliance Global Group recently acquired $17 million worth of XRP.
- In total, XRP holdings by publicly traded companies have surpassed $11.5 billion.
To further boost the institutional adoption of crypto, Nasdaq-listed Reliance Global Group has acquired $17 million worth of XRP $2.87 24h volatility: 0.6% Market cap: $171.66 B Vol. 24h: $5.50 B . Notably, this publicly traded financial firm is one of those that recently added XRP to its corporate treasury. As a result of this purchase, corporate treasuries now collectively have a total of $11.5 billion XRP.
Reliance is seeking strategies to diversify its portfolio, particularly across digital assets with strong fundamentals.
Reliance Group Global has added XRP to its digital asset treasury. The rumor is XRP valued at $17 million.
The announcement which was filed by the company with the SEC on 30 September 2025, discloses that the company had added XRP to its existing treasury holdings that include… pic.twitter.com/JrKDkQXGoj
— bill morgan (@Belisarius2020) October 8, 2025
Reliance Global Group Acquires $17 Million XRP
According to crypto lawyer Bill Morgan, Reliance Global Group made the XRP purchase on September 30. The development aligns with the company’s investment focus on blockchain-based assets with strong fundamentals and utility. So far, XRP holdings in corporate treasuries have now hit $11.5 billion in value
The decision to choose XRP was made after careful consideration of the memecoin’s track record.
Ezra Beyman, Reliance Chairman and CEO, highlighted the coin’s blend of speed, scalability, and energy efficiency. He noted that these features make it a strategic fit for the firm’s long-term vision.
XRP has a market capitalization of $172.32 billion and currently ranks 5th by this metric. Despite all of these top features, its price has remained stagnant in the last few weeks.
CoinMarketCap data shows that XRP is trading at $2.87, corresponding with a 3.21% decline over the last 24 hours. The coin has hovered around this level for quite some time now. If this were a few months ago, Ripple’s lawsuit with the US Securities and Exchange Commission (SEC) would be blamed for the stagnancy.
The outlook of XRP price today suggests that there is more attention on BTC $122 373 24h volatility: 0.7% Market cap: $2.44 T Vol. 24h: $72.44 B than on altcoins. The flagship cryptocurrency had recently climbed above $126,000, drawing investors to it at the expense of other digital assets.
This situation may not last for very long, with the expectation that the US SEC will approve the spot XRP ETF this month. If this plays out, XRP bulls may target $4 as predicted by some analysts.
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