Quick overview

XRP price slides to $2.32 as Ripple’s global trials expand. XRPL adoption grows, but chart signals bearish pressure below key resistance.

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XRP is at $2.32, down 2.91% in 24 hours, with a market cap of $136 billion. Despite the recent drop, adoption of the XRP Ledger (XRPL) is growing among banks, fintechs and regulators globally.

From Santander’s real-time payment app “One Pay FX” to UBS’s early integration of RippleNet, institutions are proving XRPL’s real-world use case. Bank of America is testing XRP’s speed, while Onafriq’s deal with Ripple now connects 35 African countries to RippleNet. In the UK, Archax is using XRP to tokenise real-world assets, and Ripple is building a sidechain for Ethereum-compatible smart contracts.

Governments aren’t sitting out either. XRP is being trialled in the UK’s FCA sandbox and in Hong Kong’s e-HKD project. Despite mixed progress—like Bhutan’s stalled CBDC pilot—Ripple is committed to long-term blockchain infrastructure innovation.

XRP/USD

Technically XRP/USD is in a short-term downtrend. On the 2H chart the price is trading inside a descending channel, having bounced off support at $2.28. It’s yet to reclaim the 50-EMA at $2.39 which has been acting as dynamic resistance.

Candlesticks show indecision with small bodied Dojis indicating market hesitation. The MACD confirms weakening momentum as the signal lines diverge below the zero mark. Key resistance is at $2.36 and $2.44, support down at $2.22 and $2.16.

This is a patient setup: unless XRP breaks the upper channel, rallies will continue to fade.

Ripple’s XRPL roadmap includes launching an Ethereum-compatible sidechain, deploying smart contracts with the Hooks Amendment and cross-chain transfers via Axelar. The Liquidity Hub is expanding to 35+ countries including South Africa and Brazil, allowing institutions to convert crypto to fiat in seconds.

But regulation is still unclear. The US still hasn’t given full clarity even as FinCEN and the DOJ have classified XRP as a virtual currency. Ripple is still investing in infrastructure projects like the UK’s Digital Pound Foundation.

XRPL is getting institutional buy in—but the chart says wait.