6% slide in XRP despite Ripple's projected $900M annualised revenue

• $900 million is Ripple’s projected annualised product revenue run rate at the end of 2026. Expansion across its financial services business underpins that outlook.
• Alongside Ripple’s US dollar-backed RLUSD stablecoin, XRP continues to serve as a bridge asset for cross-border transactions, CEO Brad Garlinghouse said.
• Following a 6% fall, XRP is putting support at $1.24 to the test.

XRP has fallen 6.6% on Thursday. The decline comes despite Ripple’s forecast for annualised product revenue of $900 million by the end of 2026.

$150B cumulative volume nears for Ripple payments network as RLUSD grows

With more than 60 payout markets enabling international money transfers, Ripple’s payments network remains on course for $150 billion in cumulative transaction volume by the end of 2026, the company reported.

Ripple CEO Brad Garlinghouse described the shift in financial infrastructure: “As traditional and digital finance converge, market infrastructure is migrating to modern rails. Settlement is moving to real-time, 24/7, and tokenized assets can be traded, financed and used as collateral,” he said.

Across payments, digital asset custody, stablecoins, prime brokerage and treasury management, Ripple’s infrastructure serves more than 1,700 institutions, corporations and enterprises, according to the company.

RLUSD, Ripple’s US dollar-backed stablecoin, reached a market capitalisation of $2.6 billion after growth of more than 88% year-to-date, the company also noted. Ripple said the enterprise-grade digital dollar operates throughout its product suite, with uses including payment settlement and on-chain markets.

XRP retains cross-border bridge role, says Garlinghouse

Critics argue that demand for XRP could weaken as RLUSD’s market capitalisation approaches $2.6 billion. Rejecting that view, Garlinghouse maintained that XRP serves as a bridge asset for cross-border payments alongside Ripple’s expanding stablecoin and financial services operations.

Speaking to Bloomberg in an interview, Garlinghouse said: “Anyone who doesn't think that XRP is at the heart of everything Ripple does is kind of missing the big picture from my point of view,”

Rather than competing with XRP, RLUSD complements it, he explained. The stablecoin provides businesses with access to digital asset infrastructure; XRP performs a separate function in cross-border transactions.

Asked what XRP could offer that RLUSD could not, Garlinghouse replied: “A stablecoin is by definition a stable coin of one token, of one dollar,” He added that a dollar-denominated stablecoin alone cannot meet the requirements of every currency corridor.

On XRP’s role, he said: “XRP continues to be an asset we use as a bridge asset between different currency pairs.”

His remarks frame XRP as a possible intermediary in currency-to-currency transfers. RLUSD, by contrast, caters to customers that need US dollar-denominated settlement.

Garlinghouse also highlighted the appeal of a neutral intermediary: “Having a neutral bridge asset that's very very very low cost and scalable is something we think will continue to be appealing to different corridors,” he added.

$1.24 support under test: XRP technical outlook

The near-term outlook remains bearish on XRP’s daily chart, with the correction extending beneath the short- and medium-term Exponential Moving Averages (EMAs). Overhead, the 20-, 50- and 100-day EMAs form a concentrated resistance band. A 14-day Relative Strength Index (RSI) near 35 and an oversold Stochastic around 16 point to strong downward momentum that is nevertheless approaching exhaustion.

A sustained rebound would first require XRP to regain the EMA cluster at $1.33 to $1.35. Above that band, resistance stands at $1.37, followed by the previous barrier at $1.48 and a major resistance area around $1.66. Below current levels, the horizontal line near $1.24 provides immediate support. Lower support lies at $1.17 and then $1.04, while $0.98 forms a more distant floor should selling intensify.

(The technical analysis of this story was written with the help of an AI tool. Know more.)