Crypto
XRP Stuck Near $1.38 as Mastercard Expands its XRP Ledger Ties
XRP is currently trading near $1.38 after failing to break through its descending channel. The token's price has stalled below the $1.47-1.50 breakout zone, which traders have been watching closely.
Mastercard's expansion into the XRP Ledger ecosystem may be a positive sign for the token's future. The company has joined the upcoming XRP Ledger Hackathon as a sponsor and is continuing to explore RLUSD-based settlement on the network.
The derivatives market remains active, with CoinGlass reporting $990.60 million in XRP spot volume and $4.35 billion in futures turnover. Derivatives activity still dominates spot trading, but the ratio has eased slightly from previous levels.