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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
pluang ai news

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.

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