XRP Gains 5% as Ripple Expands Stablecoin Payment Stack
Ripple (XRP) has posted a 5% gain over the last 24 hours to $1.41, following a fresh rally, though the altcoin is still underperforming the broader market rally led by Bitcoin’s surge.
At the current trading price, XRP market capitalisation has increased to $86.4 billion, with a 3.21% pull back in trading volume, which settled at $3.2 billion on Wednesday.
The entire crypto market cap rose 5.57% in 24 hours, with Bitcoin leading at +7.57%. XRP’s correlated but slightly weaker gain suggests it was lifted by general market sentiment rather than a unique catalyst.
Technically, XRP faces immediate resistance at its 30-day Simple Moving Average near $1.42. Holding above the daily pivot point of $1.37 is key for bullish momentum.
The Relative Strength Index (RSI) signal at 41 indicates room to move before becoming overbought. Crypto analysts said the short-term bias is cautiously positive but contingent on holding support.
Ripple is expanding Ripple Payments into a full-stack infrastructure platform that lets businesses collect, hold, exchange and pay out in both fiat currencies and stablecoins through a single provider.
The expansion of its stablecoin payments platform for banks and fintechs aims to reduce the need to park money overseas and speed up cross-border transactions.
Ripple Payments, the company’s global payments platform that connects financial institutions to blockchain-based settlement rails, has been upgraded to support a broader stablecoin workflow, including collection, custody, conversion and payout, the San Francisco-based company announced on Tuesday.
The move positions Ripple to compete more directly with legacy payment providers, as it is designed to reduce reliance on pre-funded accounts and traditional correspondent banking networks, which can tie up capital and delay cross-border transactions. Litecoin Price Climbs to $51.69 on Technical Bounce
