XRP Joins Linux Foundation x402 Standard Backed by 40 Organizations

XRP News

Ripple has joined the Linux Foundation’s newly launched x402 Foundation as a premier member, bringing the XRP (XRP) token and its RLUSD stablecoin into an open-source standard for machine payments. The x402 Foundation oversees the x402 protocol, which lets AI agents, APIs and applications send and receive payments directly over HTTP. It launches with backing from 40 organizations, including Amazon Web Services, American Express, Circle, Coinbase, Google, Mastercard, Shopify, Stripe and Visa. Ripple has already integrated x402 support on the XRP Ledger, arguing that the XRP network’s 3-to-5-second deterministic settlement and predictable fees make it well suited to autonomous agent transactions.

On-chain data shows Ripple burned another 10 million RLUSD on Tuesday, sending the tokens to a null address from the RLUSD Treasury and extending a run of near-daily supply reductions. The tracker recorded burns on July 13, twice on July 10, and on July 9, 8, 7 and 6, following a 20-million-token mint on July 6. RLUSD’s market capitalization now sits near $1.52 billion, down from roughly $1.9 billion in late May — a contraction of about $380 million, or 20%. Fiat-backed stablecoins routinely mint and burn to align supply with redemptions, so the reductions do not necessarily signal weakening demand.

Stablecoin treasury platform Velocity raised $38 million in a Series A round led by Dragonfly and FirstMark, with Ripple joining alongside Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures and Wintermute Ventures. Founded in 2025, Velocity builds software that links stablecoin networks to banking, custody, compliance and settlement systems for corporate finance teams and payment providers. The round lifts its total funding to roughly $50 million. The raise underscores intensifying competition in institutional stablecoin rails: industry data pegged 2025 stablecoin payment volume at $390 billion, of which $226 billion moved between businesses — a market Ripple is actively courting through RLUSD and the XRP Ledger.

A widely circulated AI-model forecast projects XRP could reach $3 to $5 by the end of 2026, citing institutional demand and the token’s utility in cross-border settlement. As an altcoin still trading near $1.11 and well below its all-time high, that range would imply roughly a tripling to near five-fold gain from current levels. Such model-generated targets carry no guarantee and should be weighed against XRP’s prevailing downtrend, but they reflect growing narrative interest in the payments use case. The projection lands as Ripple expands RLUSD utility and positions the XRP Ledger for AI-agent and enterprise settlement — the same fundamentals cited to justify the bullish thesis.

Spot order-flow data paints a more cautious near-term picture. On Binance, XRP’s Cumulative Volume Delta — the running net difference between executed market buy and sell orders — sat around negative 6.93 million, signaling that selling still outweighs buying. The metric tracks whether a price trend is backed by genuine liquidity, and its persistence in negative territory points to lingering distribution rather than accumulation. XRP’s 30-day price-CVD confirmation score held near 0.84, a relatively constructive reading, yet not strong enough to confirm a durable trend reversal. Until that delta flips positive, short-term momentum for the token is likely to stay subdued despite intermittent recovery attempts.

On the daily chart, XRP remains locked inside a descending channel that has framed price action since the start of the year. The token was recently rejected near the $1.22-$1.29 supply zone — a region reinforced by the 100-day moving average — before retracing toward the $1.02-$1.08 demand zone that buyers have repeatedly defended since late June. That band is now the pivotal level: a successful hold could fuel another relief rally toward channel resistance, while a decisive break below would invalidate the stabilization attempt and expose the channel’s lower boundary. The broader bear-market structure keeps caution warranted while price trades under its major moving averages.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine rates the $1.2151 resistance at 84/100 — our strongest overhead level — driven by a confluence of the volume point of control, the 0.382 Fibonacci retracement and the upper Bollinger Band, with a secondary barrier at $1.1367 scored 82/100 on the 0.236 Fibo and the 50-day SMA. Immediate support at $1.0971 scores 60/100, anchored by a high-volume node and the Ichimoku Kijun. Derivatives lean crowded-long: open interest near $693 million, a mildly positive 0.0040% funding rate and a 2.91 long/short ratio (74% long) that risks a squeeze if support fails. With RSI at 49, a bullish MACD cross, Fear & Greed at 22 (Extreme Fear) and Bitcoin dominance near 69.5%, reclaiming $1.1367 would favor bulls; losing $1.0971 invalidates the bounce.