XRP just fell below $1, hitting its weakest point in a week — even as Ripple seals a major new deal with Jeonbuk Bank in Korea to slash cross-border payment times from days to seconds. It’s the third Korean partnership this year, following Kyobo Life and Kbank, but here’s the twist: Ripple hasn’t confirmed if its own stablecoin, RLUSD, is powering this service. That ambiguity may explain why XRP’s price isn’t responding to the growing institutional adoption. While Ripple keeps expanding its banking and asset management network, the disconnect between partnerships and token performance leaves investors watching closely to see if the strategy pays off.
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