This week, XRP was expected to see a significant rise, but the actual outcome has left many investors feeling let down.
The last week has been quite dynamic for Ripple and its cryptocurrency XRP, featuring new collaborations and important updates related to both the company and its digital asset.
In this article, we will highlight the main developments and discuss the factors contributing to the token’s decline in value.
Major Achievements in Wall Street and Korea
Before we analyze XRP’s pricing shifts, let’s look at some noteworthy announcements from the week. Ripple bolstered its collaboration with the Wall Street powerhouse Brevan Howard, enhancing access to a multi-asset prime brokerage to meet rising demand and integrate investment frameworks.
This partnership under Ripple Prime is designed to optimize operations for the Wall Street firm across a variety of asset classes, including traditional finance and cryptocurrencies, thereby improving capital efficiency. This development follows Ripple’s $500 million investment round in 2025, in which Brevan Howard participated, marking a pivotal moment in their partnership following the SEC settlement.
On the other side of the globe, another significant development is occurring in South Korea. Meritz Securities has teamed up with Ripple to enhance its digital asset infrastructure in the region, with a focus on tokenization and custody solutions. This agreement aims to adapt to the evolving market and regulatory landscape in South Korea, complementing Ripple’s growing presence in the country, which also includes collaborations with K Bank and Kyobo Life Insurance.
RLUSD and XRP ETFs
Ripple’s stablecoin, introduced in December 2024, has recently gained momentum in terms of both market capitalization and usage. The launch of Ripple Mint, a platform for institutional clients to access, mint, and manage the stablecoin seamlessly, has contributed to its increased adoption.
This growth has led to RLUSD surpassing a significant milestone, with its market cap exceeding $2.5 billion. RLUSD is now the 40th largest cryptocurrency overall and ranks eighth among stablecoins, narrowing the gap with PayPal USD (PYUSD), which has a market cap of approximately $2.88 billion.
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Meanwhile, the interest in XRP through exchange-traded funds has reportedly dropped by 94% week-on-week. During the past two weeks, inflows plummeted from over $75.5 million to less than $4.75 million. This week has shown no improvement, with only one day recording positive inflows ($3.14 million) and two days lacking any reportable data.
XRP Price Decline
As the new week began, XRP attempted to break through the $1.51-$1.53 resistance level decisively. Analysts like Ali Martinez had predicted a potential breakout, while ChartNerd echoed this sentiment, setting a target range of $1.80-$2.00.
However, on-chain analysis revealed troubling trends. CryptoQuant reported a major rise in XRP deposits to Binance, with about 1.6 billion tokens transferred to the exchange in the last month, significantly increasing selling pressure.
The outcome was notable. Instead of surpassing the $1.51-$1.53 resistance, XRP faced rejection and fell below the $1.40 mark earlier today. It has experienced a decline of over 6% in the past week, with its market value now below $90 billion.
The primary factors for this downturn include the plummeting demand for ETFs, heightened selling pressure due to large token transfers to Binance, and a broader market correction. Bitcoin recently dipped to $82,200 for the first time in over two weeks, while Ethereum saw a nearly 6% drop for the week.