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XRP drops below $1 despite Ripple's new Korean bank partnership for fast cross-border payments

Market News
18 Aug 2026
Coindesk
View Source
Bearish
XRP drops below $1 despite Ripple's new Korean bank partnership for fast cross-border payments

XRP fell below $1, marking it the weakest major token recently, even as Ripple secured a new partnership with South Korea's Jeonbuk Bank for near real-time cross-border payments. The deal highlights Ripple's expansion in institutional adoption but does not clarify if XRP or Ripple's RLUSD stablecoin will be used for transfers. Ripple's focus on RLUSD as the main settlement asset may explain why XRP's price hasn't risen despite growing partnerships. Meanwhile, traders remain optimistic with heavy long futures positions, despite negative social sentiment around XRP.

More News (XRP)

Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's MOEX adds XRP to crypto perpetual futures, expanding regulated crypto derivatives market.

Russia's Moscow Exchange (MOEX) will launch perpetual futures contracts for XRP alongside Bitcoin, Ethereum, Solana, and TRON on September 22. These contracts, quoted in USD but settled in Russian rubles, allow qualified investors to gain price expos...

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XRP nears $1.55 resistance with whale buying spike, eyeing potential 35% rally to $2.

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Ripple burns 15M RLUSD tokens amid fluctuating stablecoin supply and rising market cap.

Ripple burns 15M RLUSD tokens amid fluctuating stablecoin supply and rising market cap.

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Whales buy $2.2B in XRP, boosting price near $1.41 with potential rise to $2.10

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Whale wallets have accumulated about 1.54 billion XRP tokens worth $2.2 billion in 96 hours, signaling strong investor confidence as XRP trades near $1.41. This large-scale buying reduces XRP's circulating supply, potentially supporting higher prices...

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