XRP Price Ticks Up as Ripple Invests in Flutterwave

XRP Price Ticks Up as Ripple Invests in Flutterwave

XRP price ticked up to $1.23 on Tuesday as Ripple invests in Flutterwave, one of Africa’s most valuable fintech startups, as part of the Nigerian payments company’s Series E funding round valued at $3.2 billion

Ripple’s investment decision in Flutterwave puts the crypto payments firm squarely at the centre of Africa’s fast-growing digital finance ecosystem.

The deal brings together two of the most recognisable names in digital payments — one a blockchain-based payments network with global reach, the other the dominant force in African cross-border transactions.

Ripple’s investment in Flutterwave, reported by Bloomberg on June 16, 2026, marks a concrete step by the San Francisco-based firm into the African market through direct equity ownership rather than just technology partnerships.

Data from a cryptocurrency exchange showed that the token was hovering at $1.23, while trading volume increased by 25% to about $3 billion on Tuesday.   This signals positive buying activity, though the token price has remained relatively tight over the past 24 hours. 

Recently, Ripple announced the expansion of its long-standing payments partnership with Bitso, Latin America’s leading digital financial services company.

As part of the collaboration, Bitso’s regulated MXN-backed stablecoin, MXNB, will be issued on the XRP Ledger (XRPL) and integrated into Ripple’s evolving Payments on Decentralised Exchange (DEX) infrastructure.

Together with RLUSD, Ripple’s enterprise-grade USD stablecoin, MXNB will support more efficient liquidity and settlement flows for enterprise cross-border payments across the U.S.–Mexico corridor.

The development, along with geopolitical catalysts, drove XRP’s price higher and boosted optimism about its price outlook.

Also, the cross-border payment token gains institutional traction as the SEC approves its inclusion in T. Rowe Price’s crypto ETF, showcasing its growing adoption within regulated financial products.

Buying activity reflects investor optimism as Ripple advances institutional adoption through Evernorth, with a focus on scalable, compliant DeFi solutions that enhance privacy and regulatory alignment in financial systems.

XRP surged on Monday, breaking above $1.28 for the first time since late March 2026. The rally was part of a broad market rebound following reduced geopolitical tensions between the U.S. and Iran.

On-chain data shows large holders (whales) have accumulated 1.53 billion XRP over the past six months, now controlling about 74.1% of the circulating supply.

This is bullish for XRP because the price breakout ended a prolonged downtrend and was supported by significant accumulation from large, presumably institutional, wallets.

On June 15, 2026, U.S. spot Bitcoin ETFs recorded a net outflow of $64.09 million. In contrast, spot XRP ETFs attracted $2.82 million in net inflows. This divergence highlights a rotation of institutional capital from Bitcoin into altcoins like XRP.

This is a neutral-to-bullish signal for XRP. It suggests growing institutional confidence and demand specifically for XRP-based products, even as broader crypto ETF sentiment cools. However, sustained inflows are needed to confirm this as a lasting trend rather than a short-term rotation.

XRP’s trajectory is currently defined by a powerful technical breakout and confirmed institutional interest, though its reliance on concentrated buying presents a near-term risk. XRP Gains as Ripple RLUSD Stablecoin Lists on Gate.io