XRP Price Climbs 3.5% on Ripple’s RLUSD Pilot with Mastercard

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The XRP price jumped 3.5% over the past 24 hours to trade at $2.32 as of 2:47 a.m. EST even as trading volume plunged 39% to $5.5 billion.

This comes as Ripple unveiled a ground-breaking pilot with Mastercard, WebBank, and Gemini to modernize fiat card payments using its stablecoin, RLUSD, on the XRP Ledger.

Ripple unveiled this new initiative at the Swell 2025 event, where it confirmed a partnership with the firms. Together, the companies will explore using RLUSD to process 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

The project will be one of the first to show how a US-regulated bank can use a regulated stablecoin to settle traditional credit card transactions over a public blockchain.

Ripple’s stablecoin, RLUSD, will serve as a blockchain-based settlement tool for a fiat transaction initiated through the Gemini Credit card.

In another development, during a final keynote at the Swell event, Ripple CEO Brad Garlinghouse talked about what’s ahead for Ripple and XRP, key trends to watch in 2026, and plans to double down on crypto infrastructure for financial utility.

Garlinghouse revealed that the company has a “really healthy balance sheet” and that an IPO is not a priority at the moment.

It was also announced that Ripple has raised $500 million via common equity, 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 in a sustained drop since late August, trading within a falling channel pattern that continues to exert bearish pressure on the token.

After rallying toward the $3.50 zone earlier in the year, the Ripple token price lost upward momentum and entered a retracement, now hovering near $2.32. This level sits near the lower boundary of its falling channel, signaling continued weakness in buying momentum.

The prolonged downtrend has also brought XRP close to a critical technical event, a potential Death Cross, where the 50-day Simple Moving Average (MA) is poised to cross below the 200-day SMA.

This crossover typically signals the transition from short-term consolidation to a broader bearish phase, often accompanied by increased downside volatility.

Currently, the 50-day SMA stands at $2.65, just above the 200-day SMA at $2.62, forming a tight confluence zone of resistance that XRP must overcome to shift market sentiment back toward bullish territory.

Meanwhile, the Relative Strength Index (RSI) is trading around 41.46, indicating mild bearish momentum but not yet oversold conditions. A dip toward the 30 level could suggest sellers are losing steam, potentially setting the stage for a short-term rebound if demand strengthens.

XRP price/USD Chart Analysis Source: GeckoTerminal — XRP/USD Chart Analysis Source: GeckoTerminal

Ripple Token Sellers Maintain Control Below Key Resistance

Based on the current XRP/USD chart analysis, the Ripple token’s price remains trapped within a well-defined descending channel. The immediate resistance lies near $2.65, aligning with both the 50-day and 200-day SMAs, forming a major confluence barrier that must be reclaimed for any sustained bullish reversal.

If bulls manage to push the price of XRP above $2.80, it could signal a short-term recovery toward $3.00–$3.20, where the upper boundary of the falling channel pattern and historical resistance converge.

However, failure to hold the lower boundary near $2.20 could expose the XRP price to further downside, with the next support likely forming around the $2.00–$1.90 region.