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    MarketForces Africa » Cryptocurrency » XRP Price Slides to $1.36, Ripple Stablecoin Lists on OKX

    XRP Price Slides to $1.36, Ripple Stablecoin Lists on OKX

    Julius AlagbeBy Julius AlagbeApril 29, 2026 Cryptocurrency No Comments2 Mins Read
    XRP Price Slides to $1.36, Ripple Stablecoin Lists on OKX
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    XRP Price Slides to $1.36, Ripple Stablecoin Lists on OKX

    Ripple’s XRP price dips to $1.36, underperforming a slightly softer broader market amid macro headwinds pressuring the entire crypto sector.

    Broader market pullback amid macro uncertainty, including high oil prices and stalled Fed rate cuts, reducing risk appetite across crypto.

    XRP moved in lockstep with a declining total crypto market cap (-1.08%), indicating the drop was part of a sector-wide risk-off move.

    While no new catalyst appeared in the last 24h, the market is digesting prior large-scale whale activity. Over 1.1 billion XRP was redistributed by large holders in the past week, increasing available sell-side supply.

    Technically, the price faced repeated rejections at the $1.45–$1.50 resistance zone and is trading below its key moving averages, confirming bearish near-term momentum.

    Underlying distribution and a lack of buying power to overcome resistance are contributing to the weakness. The immediate structure is a consolidation range between $1.31 (support) and $1.50 (resistance).

    The 7-day Relative Strength Index of 46.24 indicates neutral-to-weak momentum, not oversold. The upcoming XRP Las Vegas 2026 conference and potential progress on the CLARITY Act are the next concrete events that could shift sentiment.

    Ripple has integrated its RLUSD stablecoin with crypto exchange OKX and institutional platform Bullish. On OKX, RLUSD is available for spot trading across 280+ pairs and as margin collateral.

    On Bullish, it facilitates Bitcoin options trading for Ripple Prime clients, offering a new collateral asset for institutions.

    This is bullish for XRP as it significantly expands the utility and reach of Ripple’s ecosystem. Deepening RLUSD integration on major venues enhances liquidity, attracts institutional users, and strengthens the overall value proposition of the XRP Ledger for cross-border finance. HYPEUSD- Hyperliquid Dips 5% on Bullish but Correcting Signals

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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