XRP defends $1 while Bitcoin holds $63K. See key support and resistance levels for XRP, BTC, SHIB and ZEC on August 18.
The Jeonbuk Bank collaboration marked Ripple's third Korean partnership this year, following those with Kyobo Life Insurance and Kbank.
The digital asset XRP continues to trade in the vicinity of $1 following a wave of bearish momentum that temporarily drove prices beneath this psychological threshold. Current pricing data from TradingView shows XRP at approximately $1.0026, representing a modest 1% recovery from its recent bottom.
Ripple announced its collaboration with Jeonbuk Bank, a regional financial institution in South Korea, to implement its international payments infrastructure for corporate clients. The partnership was revealed on August 18, 2026.
Jeonbuk Bank will use Ripple's 24/7 cross-border payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple's RLUSD stablecoin.
Increased whale activity in XRP suggests potential market shifts, highlighting the influence of large holders on asset dynamics and liquidity. XRP whale transactions surge 280% in 24 hours.
Jeonbuk Bank, a regional South Korean bank, has ditched the SWIFT network and adopted Ripple Payments for increasing efficiency, according to an Aug. 18 announcement.
Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.
Ripple partnered with Jeonbuk Bank to provide near real time cross border settlement for South Korean businesses using Ripple Payments.
XRP is attempting to stabilize around the crucial $1.00 level, but the latest price action has yet to produce a convincing bullish reversal. After briefly slipping below the psychological support zone, XRP is trading near $1.002, putting the cryptocurrency at one of its most important technical levels of 2026.
Rakuten Wallet did not add XRP spot trading in isolation. According to senior analyst Yasuo Matsuda, the move reflects a specific theory the exchange has been building toward: that crypto payments have been stuck for years behind two unsolved problems, and that solving both together, not separately, is what finally makes real-world settlement viable.
Kbank's Ripple partnership could accelerate blockchain adoption in South Korea's banking sector, challenging traditional payment systems. Kbank, not Jeonbuk Bank, is leading South Korea's Ripple Payments push.