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XRP Falls 20% in June to $1.08, Despite Ripple Joining Visa-Backed Open USD Stablecoin

Price Volatility Market Analysis

2026-07-02 18:02:24

XRP1.84%

According to IBTimes US, XRP declined roughly 20% in June, closing the month around $1.04 and opening July 2 near the $1.08 to $1.10 resistance band, its weakest level since late 2024.

Ripple announced several partnerships last week, including joining Open USD, a dollar stablecoin backed by Visa, Mastercard, Stripe, BlackRock, and 140+ other companies, and being named a settlement partner in Mastercard's new AI-payments network. The CLARITY Act also advanced toward regulatory clarity with a scheduled New York hearing. Despite these developments, XRP did not gain materially on the news.

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.

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