business
XRP jumps 3% above $1.14 as institutional buying meets key resistance test
Key takeaways
- • Ripple said Bitso's MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Payments on Decentralized Exchange infrastructure, expanding regulated cross-border settlement between the U.S.
- • Ripple's RLUSD and Bitso's MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, adding another institutional use case for XRPL infrastructure.
- • The initiative builds around XRPL's Permissioned DEX, a framework aimed at regulated financial participants rather than retail users.
Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February.The next test sits higher up, as every major recovery this year has stalled before reaching the $1.20-$1.25 area.
• Ripple said Bitso's MXN-backed stablecoin MXNB will launch on the XRP Ledger and integrate with its Payments on Decentralized Exchange infrastructure, expanding regulated cross-border settlement between the U.S. and Mexico.
• Ripple's RLUSD and Bitso's MXNB are designed to provide on-chain dollar and peso liquidity for enterprise payment flows, adding another institutional use case for XRPL infrastructure.
Article preview — originally published by CoinDesk. Full story at the source.
Read full story on CoinDesk →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from CoinDesk alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop