Ripple’s collaboration with Kbank to deploy institutional-grade digital asset wallet infrastructure through Ripple Custody has coincided with the XRP $2.60 by April 30 market reaching 100% YES, up from 70% just 24 hours ago.
This is Ripple’s second major institutional deal in South Korea this month. Kbank is Korea’s first internet-only bank, and the integration uses Ripple Custody for digital asset wallets. The April 30 market has seen odds rocket to 100% YES as traders price in the partnership’s implications for XRP adoption.
Combined face value over the past 24 hours is $86,356, with $52,923 in actual USDC traded. The order book is thin: roughly $800 could move the price 5 percentage points. A 26-point drop at 11:11 PM shows how single large orders can whip the market around.
At 100% YES with one day until resolution, buying YES offers almost no upside given the payout structure. The market is pricing near-certainty that XRP hits the target, but any negative news in the remaining hours could cause a sharp repricing. This makes new YES positions a poor risk/reward trade unless you expect additional institutional announcements or inflows before the deadline.
Watch for further announcements from Ripple or Kbank, specifically any confirmation of successful stablecoin transfers or additional institutional partnerships that would support the current pricing.
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Source: https://cryptobriefing.com/ripple-partners-with-kbank-to-deploy-institutional-grade-digital-asset-wallets/
