XRP Rebound or Drop? Ripple Teams Up with Revolut, Zero Hash for RLUSD
Ripple has partnered with Revolut and Zero Hash to expand access to its RLUSD stablecoin. The move aims to strengthen RLUSD's position in the market and challenge the dominance of USDT and USDC.
Meanwhile, XRPUSD appears to have found intraday support after a bearish move on the H1 chart. The price saw a strong bounce at a key level that had previously acted as a reaction point multiple times.
Revolut, Zero Hash Enable RLUSD Access
Revolut and Zero Hash customers can now access RLUSD on both the XRPL and Ethereum networks. The partnership seeks to enhance cross-border transactions by improving security and efficiency.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
— Ripple (@Ripple) February 5, 2025
Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa
The announcement comes as the Trump administration emphasizes the role of US dollar-backed stablecoins in the economy. Ripple has stated that it will continue to focus on compliance while adapting to market demands.
XRPUSD Faces Resistance, Key Support Level
The XRPUSD H1 chart shows that the price encountered resistance at 2.52600, leading to a strong bearish move. However, it bounced at 2.32750, where a Hammer pattern formed. Buyers may look to go long if the level produces a bullish reversal pattern.
Conversely, if the price breaks below 2.32750, sellers might consider going short after breakout confirmation followed by a bearish reversal pattern.
Meanwhile, DeepSeek AI analyzed Ripple’s legal situation, adoption of its On-Demand Liquidity (ODL) platform, and market trends to develop its predictions.
The model suggests that XRP could trade between $3.50 and $5.00 by the end of 2025. A favorable outcome in Ripple's legal case is expected to increase investor confidence and drive institutional adoption, with a 70% probability of a positive result.
Increased use of Ripple's ODL platform by financial institutions could raise XRP demand, contributing to its value. Broader market sentiment, influenced by Bitcoin's performance and global economic conditions, will also affect XRP's price trajectory.
Recent Key Developments Involving Ripple
Ripple has partnered with Portuguese currency exchange provider Unicâmbio to offer instant international payments between Portugal and Brazil. The service uses Ripple’s payments platform, which incorporates digital assets to facilitate cross-border settlements.
$XRP is now approved for cross border payments in Brazil and Portugal! 💳💥 pic.twitter.com/C1c1szKpFS
— John Squire (@TheCryptoSquire) February 10, 2025
Ripple whales, or large investors, have attracted attention due to their continued buying activity. Recent data reveals that these investors acquired 520 million XRP tokens during a recent price dip.
The SEC's reassignment of key staff members, including Jorge Tenreiro, has raised questions about the agency’s approach to cryptocurrency cases like Ripple. Tenreiro, who previously oversaw the SEC's litigation in cases such as Ripple and Coinbase, has been moved to the IT department. This shift has sparked speculation on how it may impact future decisions regarding Ripple’s ongoing legal battles.
Ripple has also recently donated $100,000 in XRP to support communities affected by the California wildfires. The donation was made through The Giving Block platform, benefiting organizations such as World Central Kitchen and GiveDirectly.
Ripple is donating $100,000 in XRP through @TheGivingBlock to @WCKitchen and @GiveDirectly to aid in wildfire relief efforts in California.
— Ripple (@Ripple) January 14, 2025
Thanks to @rookisaacman, our donation will be doubled.
You can help families and first responders too. Your crypto, cash and stock…
In the decentralized finance (DeFi) space, Ripple has partnered with Chainlink to integrate its RLUSD stablecoin with DeFi applications on the Ethereum blockchain. This collaboration aims to enable trading and lending features, expanding the use case of RLUSD in the growing DeFi market.
Discussions around XRP’s potential inclusion in a US crypto reserve continue, with some raising concerns over centralization. Ripple’s David Schwartz defended the decentralization of the XRP Ledger, highlighting its resilience to manipulation and reinforcing the network's independence from centralized control.
XRP Drama: Ripple CTO Fires Back at Centralization Claims
— Mario Nawfal’s Roundtable (@RoundtableSpace) January 26, 2025
The decentralization of XRP is under the microscope again, with Ripple’s CTO David Schwartz dismantling claims from Bitcoin maxi Pierre Rochard.
Rochard accused Ripple of having the power to tweak XRPL code, unlock… pic.twitter.com/NdQKtRHGQB
Ripple is also making strides in Japan, with expectations that banks will adopt the XRP Ledger by 2025. According to SBI CEO Yoshitaka Kitao, this initiative is aimed at improving cross-border payments and currency conversions for remittances, helping to enhance the efficiency of Japan’s financial infrastructure.
Lastly, the XRP Ledger (XRPL) briefly experienced a disruption due to an issue with its consensus mechanism, which caused validations to fail and led to ledgers "drifting apart." Ripple's CTO, David Schwartz, noted that the issue was resolved after at least one validator operator reset the consensus to a validated ledger state, restoring normal operations on the network.