XRP Breaks Below $1.1620 Support as Ripple Deploys RLUSD for Water Access Initiative

XRP4.48%

XRP broke below key trendline support at $1.1620 and risks sliding toward the $1.10 level, according to technical analysis shared by Bitcoin.com News. The token fell beneath its 100-hourly simple moving average with the moving average convergence divergence (MACD) gaining momentum in the bearish zone.

Meanwhile, Ripple has integrated its RLUSD stablecoin into Water.org's Get Blue campaign to accelerate humanitarian aid. The initiative, launched in January 2026, deploys Ripple's infrastructure to move funds across borders to microfinance partners in emerging markets in minutes rather than days. Water.org has reached 90 million people and targets 200 million by 2030, with RLUSD circulation now exceeding $1.5 billion since its December 2024 debut.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments