# Ripple Partners With Jeonbuk Bank as XRP Price Slips Below $1

**Published:** 2026-08-18T18:14:24.873Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/f499771d-6e0e-4e97-bca3-d08f7f542589

Ripple has signed Jeonbuk Bank for cross-border payments, but XRP remains under pressure, trading below $1 for the first time in nine sessions.

XRP closed at $0.9943 on Monday, marking a breakdown below the $1 psychological floor as the token struggles to maintain momentum despite Ripple’s latest institutional expansion in South Korea [1]. The price action reflects a broader trend of weakness, with the asset down over 1% on the day and more than 2% over the past week, making it the weakest performer among major tokens during this period [2].

| At a glance | |
|---|---|
| XRP Price | $0.9943 |
| 24h Change | -1% |
| Key Level | $1.00 (Support/Resistance) |
| Catalyst | Jeonbuk Bank partnership |

## Institutional expansion in Korea
Jeonbuk Bank, a regional lender based in Jeonju, has become the first South Korean regional bank to deploy Ripple Payments for cross-border remittances [1]. The service aims to replace the traditional SWIFT network—which often requires multiple intermediaries and takes days to settle—with a system capable of completing transfers in seconds or minutes [3]. The partnership targets the bank's global business clients, including IT startups, online content creators, and import-export firms [1].

This agreement marks Ripple’s third major institutional partnership in Korea this year, following deals with Kyobo Life Insurance and Kbank [1]. While these partnerships span custody, treasury management, and payment infrastructure, the company has not publicly disclosed the specific settlement assets for the Jeonbuk Bank deployment [3]. Ripple did not confirm whether the service will utilize XRP, its dollar-pegged stablecoin RLUSD, or other digital assets, noting that Ripple Payments can support various combinations of fiat and crypto depending on regulatory requirements [3].

## Market positioning and technical outlook
The disconnect between Ripple’s corporate deal flow and XRP’s market performance remains a focal point for traders. While Ripple has been actively signing agreements with financial institutions, XRP has drifted downward from highs above $3 seen last year [2]. On-chain data shows that tokenized real-world assets on the XRP Ledger total approximately $1.38 billion, with RLUSD accounting for more than 60% of that figure, yet this activity has not translated into sustained buying pressure for the native token [2].

Technical indicators suggest further downside risk. The Parabolic SAR has flipped bearish at $1.0271, and the 20-day EMA at $1.0283 now serves as immediate overhead resistance [1]. Futures open interest remains significant at roughly $2.78 billion, with long positions outnumbering shorts by a ratio of more than three-to-one on major exchanges like Binance and OKX, even as social sentiment regarding the token has reached its most negative point in three months [2].

## What to watch
*   **$0.98 Support:** A daily close below this level would confirm a technical breakdown, according to current market analysis [1].
*   **$1.03 Resistance:** A strong close above this level is required to delay the current bearish trend [1].
*   **Asset Disclosure:** Any future product announcements or on-chain transaction records identifying the specific settlement assets used by Jeonbuk Bank will be critical to determining if these partnerships drive actual demand for XRP or RLUSD [3].

Whether Ripple’s institutional infrastructure strategy can eventually decouple from the token’s price volatility remains the central question for market participants. For now, the lack of confirmed XRP usage in these bank deployments leaves the link between corporate adoption and token demand unproven [3].

## Sources
1. Benzinga — [Ripple Lands First Korean Regional Bank Deal as XRP Struggles to Hold $1 - Benzinga](https://www.benzinga.com/crypto/cryptocurrency/26/08/61268369/ripple-lands-first-korean-regional-bank-deal-as-xrp-struggles-to-hold-1)
2. Cryptonews — [XRP slips below $1 even as a Korean regional bank adopts Ripple Payments](https://cryptonews.net/news/altcoins/33310390/)
3. Crypto — [Ripple signs first Korean regional bank payments deal](https://crypto.news/ripple-signs-first-korean-regional-bank-payments-deal/)

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Cite as: TrendWatcher, "Ripple Partners With Jeonbuk Bank as XRP Price Slips Below $1", https://www.trendwatcher.in/article/f499771d-6e0e-4e97-bca3-d08f7f542589