Overview
- Ripple, Mastercard, WebBank, and Gemini launched a pilot that uses the RLUSD stablecoin on the XRP Ledger to settle fiat credit card payments.
- XRP climbed about 4.9% to roughly $2.35 with a session high near $2.39 as institutional volume nearly doubled, signaling conviction behind the move.
- RLUSD recently topped $1 billion in circulation and operates under New York’s Trust Charter, giving the pilot a defined regulatory framework.
- On-chain activity jumped with 21,595 new XRP Ledger wallets created in 48 hours and more than 950,000 transactions recorded in a single session on the integrated DEX.
- Analysts highlight immediate resistance at $2.38–$2.39 and $2.42 with potential targets at $2.50–$2.60, while supports near $2.32, $2.28, $2.25, and $2.20 define downside risk.