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Mastercard boosts XRP Ledger support amid XRP price pullback and strong ETF inflows.

Market News
29 Aug 2026
Coinpaper
View Source
Neutral
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Mastercard has expanded its involvement in the XRP Ledger ecosystem by sponsoring an upcoming XRP Ledger Hackathon in New York, highlighting its growing interest in Ripple-linked infrastructure. This comes as XRP struggles to maintain gains from a sharp rally in August, with prices retreating from $1.70 to around $1.38. Despite the price pullback, institutional demand remains strong, supported by significant inflows into U.S. spot XRP ETFs totaling about $1.55 billion recently. The future price direction depends on key support levels around $1.36 and broader crypto market conditions, with Mastercard's engagement reinforcing XRP's role in payments but not guaranteeing price increases.

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