Ripple Expands Use Case With RLUSD, XRP Still Stuck in Downtrend XRP is currently trading around $1.42, showing a slight upward move in line with the broader crypto market as Bitcoin stays above $71,000. The overall mood is somewhat positive, but not very strong. Ripple is working on expanding its practical uses by joining Singapore’s BLOOM sandbox, which is overseen by the Monetary Authority of Singapore. Their aim is to make cross-border payments more efficient through blockchain technology. They are testing faster settlement processes on the XRP Ledger with the help of the Unloq platform. An important element here is RLUSD, a stablecoin designed to automatically trigger payments once shipments are confirmed. This helps cut down delays and can make trade finance smoother. Looking at the data, interest in XRP is gradually picking up. Futures open interest has risen to $2.42 billion, indicating some renewed activity, though it hasn’t reached recent highs. ETF flows show small inflows for XRP, while Bitcoin and Ethereum have seen outflows. This points to cautious, moderate interest rather than strong conviction. Based on technical analysis, XRP remains in a downtrend. The price is below key moving averages and continues to form lower highs and lows. The descending trendline is still intact, meaning sellers have the upper hand. The bounce from the $1.37–$1.40 support area has been weak, and the price was rejected near $1.46–$1.48, which now acts as resistance. XRP’s upside looks limited as long as it stays below the $1.50–$1.55 range. If the price fails to break past $1.48 again, we can likely expect another drop. Falling below $1.36 could push the price down toward $1.25–$1.20. On the other hand, a strong breakout above $1.48 could lead to a short-term rise toward $1.70–$1.90. However, the overall trend won’t turn bullish unless it clears $1.90. Briefly, the fundamentals are improving, but the chart remains weak. For now, the safer strategy is to wait or consider selling near resistance until a clear reversal shows itself. $XRP ‌