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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/19/2026

XRP Dips Below $1 Despite Korean Bank’s Ripple Payments Adoption

What happened: Jeonbuk Bank became the first Korean regional bank to deploy Ripple Payments for cross-border business remittances, targeting local importers, IT firms, and content creators.

XRP Dips Below $1 Despite Korean Bank’s Ripple Payments Adoption

What happened: Jeonbuk Bank became the first Korean regional bank to deploy Ripple Payments for cross-border business remittances, targeting local importers, IT firms, and content creators. Despite this, XRP’s price fell below $1 for the first time since November 2024, trading around $0.99. Ripple has not confirmed whether the new flows will settle in XRP, RLUSD, or fiat, and the price decline is attributed to broader crypto market weakness and regulatory uncertainty.

Why it matters: The divergence between real-world adoption of Ripple’s payment infrastructure and XRP’s price performance underscores ongoing debates about the utility and value accrual of native tokens. The lack of clarity on settlement assets in Ripple’s deals further complicates the investment case for XRP holders.

Source: CoinDesk