XRP (CRYPTO: $XRP) has fallen below its widely-watched $1 U.S. level to $0.98 U.S., its lowest price since November 2024.
The slide comes as Ripple, the payments company closely associated with XRP, announced its third Korean partnership of the year, with Jeonbuk Bank.
Going forward, Jeonbuk Bank will offer Ripple payments for cross-border transfers.
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That followed custody and wallet infrastructure deals with Kyobo Life Insurance and Kbank in Korea earlier this year.Â
However, a growing number of Ripple partnerships does not appear to be helping XRP’s price.Â
XRP has steadily declined amidst the “crypto winter” that has gripped the market for digital assets since October 2025.Â
XRP had traded above $3 U.S. a year ago but has drifted lower in recent months, falling below $1 U.S. on Aug. 18.
There are signs that Wall Street sees a recovery in XRP’s price on the horizon. Professional traders appear to be betting that the price will rise in coming weeks and months.
Futures markets show $2.78 billion U.S. worth of options contracts on XRP, with bets that the price will rise outpacing bets that it will fall by about three-to-one.
XRP is designed to make global money transfers fast and cheap. Transactions on the XRP Ledger typically settle in less than five seconds and cost less than a penny to execute.
