XRP Holds Near $1.15 as RLUSD Reaches 1.8M Indonesian Users, Ripple Backs Flutterwave

XRP News XRP slipped through a closely watched technical threshold this week after forming a death cross on the hourly chart, where the 50-period moving average crossed below the 200-period line. The altcoin retreated for four consecutive sessions, sliding from the $1.29 high printed on June 15 to a local low near $1.11 before stabilizing around $1.14. The pullback erased much of the rebound that began June 11 from $1.09. Sellers repeatedly capped the advance at the daily 50-day moving average near $1.29, a level XRP has failed to clear since mid-May, leaving the token boxed between $1.05 and $1.29 in a tightening range. Ripple's RLUSD gained a foothold in Southeast Asia after listing on FLOQ, a licensed Indonesian digital-asset platform serving more than 1.8 million registered users. The move broadened RLUSD's visibility in one of the region's fastest-growing markets and positioned the token as a settlement and payments instrument rather than a purely speculative stablecoin. FLOQ chief executive Yudhono Rawis framed the listing as a milestone for Indonesia's expanding financial sector, citing rising demand for transparent, fully reserved digital assets. The fully backed token pairs fiat-pegged stability with on-chain speed, targeting institutions that want more efficient cross-border value transfer and reconciliation across regulated venues. Ripple deepened its payments ambitions by announcing an investment in Flutterwave, the African fintech, with the stated goal of expanding stablecoin use across cross-border corridors. The deal underscores a strategy of pairing RLUSD and XRP-based settlement rails with established regional payment networks to capture remittance and enterprise treasury flows. Africa remains a high-cost remittance market, and integrating blockchain-based settlement could compress fees and shorten clearing times for merchants and consumers alike. The partnership extends a run of Ripple tie-ups aimed at embedding its blockchain infrastructure into real-world money movement, reinforcing the argument that utility, not short-term price action, will ultimately drive adoption. On the infrastructure side, the XRP Ledger advanced with the release of xrpld 3.2.0, accompanied by fresh security initiatives surrounding its forthcoming Lending Protocol. Developers detailed new safeguards for the lending framework and for Single Asset Vaults, components designed to expand on-chain credit and yield functionality across the network. The work signals an effort to harden core financial primitives before they handle live capital, reducing the risk of logic errors in critical contract paths. Strengthening these modules is central to broadening the ledger's atomic swap and settlement capabilities as Ripple pushes XRPL beyond simple value transfer toward a fuller suite of decentralized financial services. Security firm Common Prefix disclosed a collaboration with the RippleX team focused on formally verifying the XRP Ledger's Lending Protocol and Single Asset Vaults. The engagement uses Lean4, a formal proof language employed to mathematically validate that critical components behave exactly as specified, catching potential flaws that conventional testing can miss. Formal verification is increasingly viewed as a gold standard for protocols managing pooled funds, where a single overlooked edge case can cascade into losses. By subjecting its lending logic to mathematical proof before launch, the network aims to reassure institutions wary of smart-contract risk and to differentiate XRPL's approach to building on-chain credit infrastructure. RLUSD's footprint widened further as XRP/RLUSD spot trading pairs went live within the Gate ecosystem, tightening the link between Ripple's stablecoin and its native token. Adding direct XRP-to-RLUSD markets gives traders a dollar-denominated settlement leg without routing through unrelated stablecoins, improving liquidity and pricing efficiency for the pair. The expansion coincides with RLUSD's broader push into regulated markets, from Southeast Asia to global exchanges, as Ripple builds out distribution for the asset. Together these listings reflect a deliberate effort to position RLUSD as connective tissue across the wider Ripple ecosystem rather than an isolated product confined to a single venue. COINOTAG's proprietary 42-indicator composite scoring engine rates the $1.18 resistance at 72/100, the strongest overhead barrier, driven by the confluence of the Fibonacci 0.236 retracement, the R3 pivot and the previous day's high; nearer resistance at $1.15 scores 62/100 from the pivot point and R1. On the downside, the engine grades $1.08 support at 67/100, anchored by the lower Bollinger Band and Donchian channel, with $1.11 close behind at 65/100 via the Fibonacci 0.114 and ATR lower band. Derivatives stay cautiously long: open interest near $672 million carries a 3.11 long/short ratio (75.7% long) and a thin 0.0026% funding rate, while a Fear & Greed reading of 23 signals extreme fear. With RSI at 41 in a bear market-leaning downtrend, a reclaim of $1.18 opens room toward $1.21, whereas a daily close below $1.08 would invalidate the recovery thesis.COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.