Cross River taps Ripple's RLUSD for stablecoin payments integration
- XRP reclaims the 100-day EMA as short-term support but could face an uphill recovery.
- Ripple partners with Cross River Bank to integrate RLUSD on the XRP Ledger for enhanced stablecoin payments.
- XRP upside appears capped by both the 50-day and 200-day EMAs, while a MACD sell signal dampens recovery potential.
Ripple (XRP) ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside.
A break above this area would reinforce the bullish grip. On the downside, a break below $1.30 could accelerate the sell-off toward key psychological levels at $1.20 and $1.00, respectively.
Ripple deepens stablecoin payments as Cross River integrates RLUSD
Cross River Bank, a technology infrastructure platform providing financial solutions, has entered into a strategic partnership with Ripple to integrate RLUSD, a US Dollar-backed stablecoin, into the company’s Core Operating System (COS). The integration taps the XRP Ledger (XRPL) to converge traditional banking and blockchain-based payments within the regulated United States (US) financial system.
“By combining traditional payment technology with RLUSD on the XRPL, Cross River and Ripple are enabling a new settlement option for payment networks, giving issuers and acquirers greater flexibility to settle intraday and reduce settlement latency,” Cross River press release said.
The partnership allows Cross River to support RLUSD payments and integrate stablecoin payments across its institutional-facing platform, thus establishing a new payment rail. Additionally, the integration enables businesses to use stablecoin programmability and near-instant settlement with 24/7 access.
Technical analysis: XRP rises amid dip buying
XRP hovers above $1.34 as bulls take on more risk following the latest correction near $1.30. The token also holds just above the 100-day Exponential Moving Average (EMA) at $1.34 but remains capped by longer-term trend filters. The 200-day EMA at $1.38 and the 50-day EMA at $1.39 sit overhead as a layered resistance band, suggesting rallies remain vulnerable while the pair fails to reclaim these medium- and long-term averages.
Momentum stays soft, as the Moving Average Convergence Divergence (MACD) indicator remains below zero, while the Relative Strength Index (RSI) at 40 hovers below the midline, hinting at lingering downside pressure rather than a decisive bullish turn.
Initial resistance lies at the SuperTrend line near $1.30, with a more meaningful barrier at the 200-day EMA at $1.37, followed by the 50-day EMA at $1.39, which would need to be cleared to shift the broader tone back to constructive. On the downside, the 100-day EMA at $1.34 provides immediate support, and a sustained break below this floor would likely expose XRP to further selling, in line with the still-negative MACD backdrop and the sub-50 RSI reading.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Bitcoin, altcoins, stablecoins FAQs
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Author
John Isige
FXStreet
John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren
