Summary
- XRP fell below $1 and is the weakest major token over the past day and week, even as Ripple expands its institutional partnerships.
- Ripple’s new deal with South Korea’s Jeonbuk Bank brings near real-time cross-border payments to regional business customers but does not clarify which stablecoin powers the transfers.
- Ripple’s push of its RLUSD stablecoin as the main settlement asset helps explain why growing institutional adoption has not lifted XRP, even as traders maintain heavily long futures positions amid increasingly negative social sentiment.
XRP fell below $1 on Tuesday, down over 1% on the day and more than 2% on the week, the weakest of the major tokens on both views.
The slide came as Ripple, the company most associated with XRP, revealed its third Korean partnership of the year, with Jeonbuk Bank becoming the first regional bank in the country to deploy Ripple Payments for cross-border transfers.
This follows custody and wallet infrastructure deals with Kyobo Life Insurance and Kbank earlier in 2026. Jeonbuk Bank was founded in 1969 in Jeonju, in Korea’s south-west, and is the dominant lender in its home province.
Bank transfers today hop between intermediary banks over the SWIFT messaging network and can take days to arrive. Ripple says its route settles in seconds to minutes and runs around the clock, which the bank will offer to business customers including importers, exporters, IT startups and online content creators.
In a release shared with CoinDesk, Ripple called describes the service as delivering near real-time stablecoin cross-border settlement, without specifying which asset moves the money.
