XRP Holds $1.40 Support While RLUSD Eyes Asia and Missouri Moves on Reserve
XRP is trading at $1.42, down 0.41% in the past 24 hours, holding just above a technical support cluster that analysts have been watching closely as the broader Ripple ecosystem adds institutional weight from two directions at once. Ripple’s RLUSD stablecoin has entered Singapore’s central bank sandbox for a live trade finance pilot, and Missouri’s legislature has advanced a bill that would make XRP an official state reserve asset. The price action looks modest; the structural developments do not.
Price Holds, But the Chart Tells a Careful Story
XRP touched a session high of $1.4650 before sellers pushed it back through $1.45 and $1.44 in succession, breaching the 61.8% Fibonacci retracement level drawn from the $1.3612 swing low to that peak. Demand re-emerged around $1.3850, which corresponds to the 76.4% retracement, preventing a deeper reversal. That level held, and XRP has since stabilized in the $1.40 to $1.42 band, as covered in this publication’s earlier analysis of XRP’s $1.387 support test.
The Relative Strength Index sits at approximately 46, below the neutral 50 line, indicating that bearish momentum still controls the short-term tape. XRP also trades beneath its 20-day moving average at $1.41 and well below its 200-day moving average at $2.09. The MACD lines remain flat in negative territory with no bullish crossover in sight. Analyst BitGuru noted on March 24 that XRP is “moving inside a key accumulation zone after a long downtrend and recent falling wedge breakdown,” adding that “price is now stabilizing around 1.40 support, showing signs of base formation.” That is a reasonable read of the structure, though it depends entirely on buyers defending $1.38 to $1.3850 on any further test.
A separate signal from the derivatives market adds weight to the cautious optimism: XRP’s estimated leverage ratio dropped sharply to 0.14, suggesting that leveraged traders have been largely flushed from positions. Analyst CW observed that “all investors using leverage have been liquidated,” and that leverage ratio lows historically coincide with price bottoms. A comparable washout occurred in November 2024, when XRP fell toward $0.90 before recovering. The pattern is not a guarantee, but it does reduce the fuel available for a forced selling cascade, which is structurally constructive even if it feels uncomfortable in the moment.
For the bulls, the immediate targets are $1.4250, then $1.44, then $1.4650. A decisive close above $1.4650 would open a path toward $1.50 and $1.5250. On the downside, a daily close beneath $1.3620 would accelerate selling pressure toward $1.35 and potentially $1.3320. Those are the levels that matter over the next several sessions.
RLUSD Enters Singapore’s MAS Sandbox With a Real Commercial Purpose
The more consequential development for the Ripple ecosystem this week is not the price chart. Ripple has entered Singapore’s BLOOM sandbox, an initiative operated by the Monetary Authority of Singapore designed to extend settlement capabilities for tokenized bank liabilities and regulated stablecoins. The pilot pairs Ripple with supply chain finance firm Unloq, using Unloq’s SC+ platform to bundle trade obligations, settlement conditions, and financing workflows into a single execution layer, with RLUSD handling actual money movement on the XRP Ledger.
The specific use case being tested is consequential: cross-border trade payments that release automatically when predefined shipment conditions are verified. Both Ripple and Unloq have described the current trade finance system as “built on layers of manual verification, documentary credits, and correspondent banking relationships that can take days or weeks to settle.” That is not hyperbole; it is an accurate characterization of how documentary credits and letters of credit have functioned for over a century. Replacing even a fraction of that friction with programmable settlement on a regulated stablecoin rail is a genuinely high-value proposition.
RLUSD launched in December 2024 and carries a market capitalization approaching $1.5 billion, ranking it ninth among stablecoins. This Singapore pilot is one of the clearest institutional applications the token has been attached to since launch. The sandbox structure provides regulatory cover for genuine experimentation rather than deployment theater, which matters because MAS is one of the more technically demanding central bank frameworks in Asia. Success here would carry real credibility into other jurisdictions.
This Asian push complements Ripple’s earlier drive into Australia, where the company is pursuing an Australian Financial Services License through the acquisition of BC Payments Australia Pty Ltd. The geographic logic is deliberate: Asia-Pacific trade finance volumes are enormous, settlement inefficiencies are deeply embedded, and regulatory frameworks in Singapore and Australia are advanced enough to make licensed stablecoin pilots viable. Ripple is not experimenting randomly; it is building a licensed, regulated corridor network across the region, with RLUSD as the settlement instrument and the XRP Ledger as the infrastructure.
Missouri Advances XRP Reserve Bill
On the legislative front, Missouri’s House Committee Substitute for HB 2080, sponsored by Representative Ben Keathley, has cleared the Commerce Committee with a 6-2 “Do Pass” recommendation. The bill proposes placing XRP alongside Bitcoin, Ethereum, Solana, and USDC in a state-managed reserve. Missouri would not be the first state to consider digital asset reserves, but including XRP alongside Bitcoin in the same legislative framework represents a meaningful step in how XRP is categorized at the policy level.
The practical effect of a state reserve bill depends heavily on implementation, budget allocation, and whether the bill survives the full legislative process. But the regulatory signal is real. Legislators choosing to include XRP in a formal reserve framework are implicitly accepting its commodity classification, which aligns with the joint SEC and CFTC interpretation issued earlier this year. Legislative legitimacy compounds: each state that formalizes a reserve position makes it easier for the next to do the same.
Who Benefits, and What the Convergence Points Toward
The most instructive way to read this week’s XRP developments is not as three separate stories but as three data points on a single trajectory. The price consolidation above $1.40 reflects a market that has digested significant downside since the $3.60 peak in July 2025, with leverage largely cleared and technical signals beginning to cluster around a potential floor. The RLUSD Singapore pilot represents Ripple converting regulatory access into a live commercial test of the proposition that has always underpinned the XRP thesis: that programmable, near-instant cross-border settlement can outcompete the correspondent banking stack. The Missouri bill represents the political economy beginning to reflect that same thesis at the state level.
The beneficiaries are institutional participants who have positioned early in RLUSD infrastructure, supply chain finance operators who stand to cut settlement times from days to minutes, and jurisdictions like Singapore that gain first-mover advantage in regulated stablecoin trade finance. The parties most exposed to disruption are correspondent banks and traditional trade finance intermediaries whose margin depends precisely on the friction that Ripple and Unloq are targeting.
XRP’s price at $1.42 looks unimpressive against a 200-day moving average of $2.09, and that gap is real. But infrastructure buildout does not move in lock-step with token price, and the structural work being done at the MAS sandbox level and in state legislatures is the kind that tends to matter when the macro environment turns. The leverage is cleared, the regulatory architecture is advancing, and the commercial pilots are live. That is a foundation worth building on, not a case for complacency, but a reason to treat the current consolidation as a setup rather than a verdict.
