XRP Breaks Below $1.40 Amidst Ripple, Korea’s KBank Deal
Ripple (XRP) price broke below $1.40 on Tuesday, underperforming the broader market dip and primarily driven by correlated selling pressure with Bitcoin.
The token price dropped to $1.39 amid news of Ripple’s partnership with South Korean internet-only lender Kbank to test blockchain-based overseas remittances using Ripple’s network.
Trading volume is up 13% to $1.92 billion as XRP struggles, and technical signals indicate the token is oversold, with $1.50 as the next price target.
With Ripple’s sustained efforts to deepen cross-border payments, analysts said the market has yet to price in a boost to XRP fundamentals amid geopolitical unrest.
The partnership aims to evaluate Ripple’s technology for improving the speed, cost, and transparency of cross-border payments. The second phase will test on-chain transfers with partners in the UAE and Thailand.
This is bullish for XRP because it expands Ripple’s institutional footprint into a key Asian market and provides a live testbed for its payment rails, potentially leading to increased network usage.
Also, Ripple’s regulated stablecoin, RLUSD, is approaching a total supply of $1.6 billion, reflecting steady institutional demand. The asset now dominates nearly 88% of the XRP Ledger’s stablecoin liquidity.
This is bullish for XRP because a growing, compliant stablecoin deepens on-chain liquidity, supports settlement activity, and makes the XRPL ecosystem more attractive for institutional payment flows
XRP’s decline closely tracked a 1.12% drop in Bitcoin and a 1.11% fall in the total crypto market cap to $2.57 trillion.
This indicates the move was driven by macro crypto sentiment rather than coin-specific news. The 24h trading correlation with Gold was high at 0.77, suggesting a shared macro-driven move.
With no imminent XRP-specific catalyst, its path is tied to broader market direction. The Fear & Greed Index is Neutral at 42, showing no extreme sentiment.
XRP’s decline was a function of market-wide risk reduction, lacking its own positive catalyst to decouple. Investors are watching whether selling volume subsides as XRP approaches $1.35, a level that would signal exhaustion or renewed bearish momentum. Binance Coin Dips on Increased Bitcoin Dominance
