Mastercard Boosts XRP Ledger Support Amid Ongoing Price Volatility

Mastercard is increasing its involvement in the XRP Ledger ecosystem by sponsoring an upcoming hackathon in New York. This move highlights Mastercard's growing interest in Ripple-linked infrastructure, despite XRP struggling to maintain gains from a sharp rally in August.

XRP experienced a 43.7% price increase in one week during the August rally, supported by strong Korean trading and positive U.S. ETF inflows totaling $77.47 million. However, prices have since retreated from a high near $1.45 to around $1.38.

Despite this pullback, institutional demand remains strong, with significant inflows into U.S. spot XRP ETFs totaling about $1.55 billion recently.