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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 unveiled this new initiative at the Swell 2025 event, where it confirmed a partnership with the companies. Together, the companies will explore how RLUSD can be used to process fiat card transactions on the XRP Ledger.
Ripple Swell: We collaborate with @MasterCardWebBank, and @Twin introduce $RLUSD settlement on the XRP Ledger for fiat credit card payments, starting with the Gemini XRP credit card: https://t.co/36yoNBtM9f
This initiative sets a new benchmark for institutional… pic.twitter.com/7UVhCTfuo0
— Ripple (@Ripple) November 5, 2025
The project will be one of the first to show how a US-regulated bank can use a regulated stablecoin to settle traditional credit card transactions over a public blockchain.
Ripple’s stablecoin, RLUSD, will serve as a blockchain-based settlement instrument for a fiat transaction initiated via the Gemini credit card.
In another development, Ripple CEO Brad Garlinghouse spoke during a final keynote at the Swell event about what’s ahead for Ripple and XRP, the top trends to watch in 2026, and plans to double down on crypto infrastructure for financial utility.
Garlinghouse revealed that the company has a “really healthy balance sheet” and that an IPO is not a priority at the moment.
It was also announced that Ripple has raised $500 million through common equity, led by Fortress Investment Group and Citadel Securities, values 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 within a descending channel pattern that continues to put bearish pressure on the token.
After rallying towards the $3.50 zone earlier this year, the Ripple token price lost upward momentum and entered a retracement, now hovering near $2.32. This level is near the lower limit of the descending channel, indicating continued weakness in buying momentum.
The prolonged downtrend has also brought XRP close to a critical technical event, a potential Death Cross, with the 50-day Simple Moving Average (MA) poised to fall below the 200-day SMA.
This crossover typically signals the transition from short-term consolidation to a broader bearish phase, often accompanied by greater downside volatility.
Currently, the 50-day SMA stands at $2.65, just above the 200-day SMA at $2.62, forming a narrow confluence zone of resistance that XRP must overcome to return market sentiment to bullish territory.
Meanwhile, the Relative Strength Index (RSI) is trading around 41.46, indicating mild bearish momentum, but not yet oversold. A dip towards the 30 level could indicate that sellers are losing steam, potentially paving the way for a near-term recovery if demand picks up.
Ripple Token Sellers Maintain Control Under Key Resistance
Based on the current XRP/USD chart analysis, the price of the Ripple token remains trapped within a well-defined descending channel. Immediate resistance is near $2.65, in line with both the 50-day and 200-day SMAs, and represents a key confluence barrier that will need to be reclaimed for any sustained bullish reversal.
If bulls manage to push the price of
However, if the lower limit is not held around $2.20, the XRP price could fall further, with the next support likely to form around $2.00-$1.90.
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