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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%
08/18/2026

XRP Dips Below $1 for First Time Since 2024 Despite Korean Bank Adopting Ripple Payments

What happened: XRP fell below the $1 mark for the first time since November 2024, trading at around $0.

XRP Dips Below $1 for First Time Since 2024 Despite Korean Bank Adopting Ripple Payments

What happened: XRP fell below the $1 mark for the first time since November 2024, trading at around $0.98 in Asian markets, even as Jeonbuk Bank became the first Korean regional bank to deploy Ripple’s 24/7 cross-border payment service. The bank’s new service targets importers, exporters, and IT startups, but it remains unclear whether XRP or Ripple’s RLUSD stablecoin will be used for settlement. RLUSD now represents $845 million of the $1.38 billion in tokenized assets on the XRP Ledger.

Why it matters: The price decline comes despite growing institutional adoption of Ripple’s technology in Korea, highlighting a disconnect between real-world partnerships and token demand. Ambiguity over which asset underpins settlement flows may be undermining XRP’s price, even as futures open interest remains high and social sentiment turns negative. This episode illustrates the limits of equating enterprise deals with direct token appreciation, especially when alternative settlement assets are in play.

Source: Coindesk