XRP Inches Up as Cross River Taps Ripple USD Stablecoin for Payment
XRP staged a rebound Thursday as Cross River Bank announced a strategic move to integrate Ripple USD stablecoin (RLUSD) into its core banking infrastructure.
The technology infrastructure platform Cross River Bank announced a collaboration with Ripple to integrate the USD stablecoin $RLUSD into its core banking system and support trading via the $XRP Ledger (XRPL).
Cross River states that fintech clients can use $RLUSD payments through a single API and transfer funds between USD and $RLUSD, enabling cross-border payments and settlements.
The integration marks another step toward converging traditional banking and blockchain-based payments within the regulated U.S. financial system, Cross River Bank said.
Trading data showed XRP climbing 0.84% to $1.34, closely tracking a broader market recovery primarily driven by a macro-driven rebound in Bitcoin.
XRP’s gain mirrors Bitcoin’s 0.81% rise and the total crypto market cap’s 0.81% rise. The move follows a market slide after hotter US CPI data on October 14, suggesting a relief bounce as traders reassess macro risks.
The price action is not driven by XRP-specific news but by broader crypto sentiment and capital flows. XRP perpetual futures open interest plunged 33.47% in 24h with negative funding rates, indicating a mass closure of leveraged positions that alleviated immediate selling pressure.
Concurrently, the price is testing a key support zone between $1.28 and the 200-day SMA at $1.28, with RSI at 38.18 nearing oversold territory.
The sell-off may have exhausted itself in the short term, allowing for a technical bounce. A sustained move above the 50-day average near $1.39 would signal a stronger recovery.
The immediate trajectory hinges on the $1.28–$1.34 support zone. If buying interest persists, the next resistance is the 61.8% Fibonacci retracement level at $1.41.
The key upcoming trigger is the next session of US spot ETF flow data; sustained inflows would support price stability.
A daily close below $1.28 invalidates the bounce and could trigger a decline toward the $1.00–$1.05 area. The outlook is cautiously neutral, dependent on holding critical support.
XRP’s modest gain is a beta-driven technical bounce after a sell-off, lacking a fundamental catalyst. Its near-term path depends on holding key support.
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