The XRP price saw a 3.5% increase over the past 24 hours, trading at $2.32 as of 2:47 a.m. EST. This occurred despite a 39% plunge in trading volume, which fell to $5.5 billion.
This development follows Ripple's announcement of a significant pilot program in partnership with Mastercard, WebBank, and Gemini. The initiative aims to modernize fiat card payments by utilizing Ripple's stablecoin, RLUSD, on the XRP Ledger.
Ripple revealed this new endeavor at its Swell 2025 event, confirming the collaboration with these established firms. The companies will collectively explore the use of RLUSD for processing fiat card transactions on the XRP Ledger.
Ripple Swell: We’re collaborating with @Mastercard, WebBank, and @Gemini to introduce $RLUSD settlement on the XRP Ledger for fiat credit card payments, starting with the Gemini XRP Credit Card: https://t.co/36yoNBtM9f
This initiative sets a new benchmark for institutional… pic.twitter.com/7UVhCTfuo0
— Ripple (@Ripple) November 5, 2025
This project is positioned to be one of the first to demonstrate how a US-regulated bank can leverage a regulated stablecoin for settling traditional credit card transactions via a public blockchain.
Ripple's stablecoin, RLUSD, will function as the blockchain-based settlement mechanism for fiat transactions initiated through the Gemini Credit card.
In other news from the Swell event, Ripple CEO Brad Garlinghouse delivered a final keynote address. He discussed the company's future trajectory, key trends anticipated for 2026, and Ripple's commitment to enhancing crypto infrastructure for financial utility.
Garlinghouse also shared that Ripple maintains a "really healthy balance sheet" and that an initial public offering (IPO) is not currently a priority for the company.
Additionally, it was announced that Ripple has successfully raised $500 million in common equity. This funding round was led by Fortress Investment Group and Citadel Securities, valuing the company at $40 billion.
XRP Price Faces Bearish Pressure As Death Cross Looms
The XRP price has been experiencing a sustained decline since late August. It is currently trading within a falling channel pattern, which continues to exert bearish pressure on the token.
Following an earlier rally towards the $3.50 zone, the Ripple token price lost its upward momentum and entered a retracement phase. It is now hovering near the $2.32 mark, which is close to the lower boundary of its falling channel, indicating a continued weakness in buying momentum.
This prolonged downtrend has brought XRP close to a critical technical event: a potential Death Cross. This occurs when the 50-day Simple Moving Average (SMA) is poised to cross below the 200-day SMA.
Such a crossover is typically a signal of a transition from short-term consolidation to a broader bearish phase, often accompanied by increased downside volatility.
Currently, the 50-day SMA is positioned at $2.65, just above the 200-day SMA at $2.62. This forms a tight confluence zone of resistance that XRP must overcome to shift market sentiment back towards bullish territory.
Meanwhile, the Relative Strength Index (RSI) is trading around 41.46, suggesting mild bearish momentum but not yet indicating oversold conditions. A dip towards the 30 level could suggest that sellers are losing momentum, potentially setting the stage for a short-term rebound if demand strengthens.
Ripple Token Sellers Maintain Control Below Key Resistance
Based on the current XRP/USD chart analysis, the Ripple token's price remains confined within a well-defined descending channel. Immediate resistance is observed near the $2.65 level, which aligns with both the 50-day and 200-day SMAs. This forms a significant confluence barrier that must be breached for any sustained bullish reversal to occur.
Should bulls successfully drive the price of XRP above $2.80, it could indicate a short-term recovery aiming for the $3.00–$3.20 range. This area is where the upper boundary of the falling channel pattern and historical resistance converge.
However, if the price fails to hold the lower boundary near $2.20, the XRP price could face further downside pressure. The next significant support level is anticipated to form around the $2.00–$1.90 region.
Related News
- •Bitcoin Price Prediction: BTC Slides 2% As ETFs Bleed, CryptoQuant Warns Of Drop To $72K
- •Ethereum Price Prediction As 10X Research Says Shorting Ethereum Is A Good Bitcoin Hedge
- •Strategic Bitcoin Reserve The “Only Solution” To Offset US’ “Burgeoning Debt,” Says Sen. Lummis