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

XRP price jumped 3.5% in 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 groundbreaking pilot with Mastercard, WebBank and Gemini to modernize fiat card payments using its stablecoin, RLUSD, on the XRP Ledger.

Ripple revealed this new initiative at the Swell 2025 event, where it confirmed a partnership with the companies. Together, the companies will explore the use of RLUSD to process fiat card transactions on the XRP Ledger.

Ripple Swell: we collaborate with @MasterCardWebBank and @Gemini to present $RLUSD XRP Ledger settlement for fiat credit card payments, starting with the Gemini XRP Credit Card:

This initiative sets a new benchmark for institutions… pic.twitter.com/7UVhCTfuo0

– Ripple (@ripple) November 5, 2025

The project will be one of the first to show how a regulated bank in the United States can use a regulated stablecoin to settle traditional credit card transactions on a public blockchain.

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

In another development, during a final keynote speech at the Swell event, Ripple CEO Brad Garlinghouse spoke about what lies 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 had a “really healthy balance sheet” and that an IPO was not a priority at the moment.

It was also announced that Ripple had 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 decline since late August, trading in a descending channel pattern that continues to exert bearish pressure on the token.

After bouncing towards the $3.50 area earlier in the year, the Ripple token price lost its bullish momentum and entered a retracement, now hovering near $2.32. This level is near the lower boundary of its descending channel, signaling continued weakness in buying momentum.

The extended downtrend has also brought XRP closer to a critical technical event, a potential Death Cross, where the 50-day simple moving average (MA) is about to cross below the 200-day SMA.

This crossover typically signals the transition from a short-term consolidation into 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 return market sentiment towards bullish territory.

Meanwhile, the Relative Strength Index (RSI) is trading around 41.46, indicating slight bearish momentum but no oversold conditions yet. A decline towards the 30 level could suggest that sellers are running out of steam, potentially setting the stage for a near-term rebound if demand strengthens.

Ripple token sellers maintain control below key resistance

Based on current XRP/USD chart analysis, the Ripple token price remains trapped in a well-defined descending channel. 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 lasting bullish reversal.

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

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

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