XRP News: Ripple RLUSD Approved for Settlement by Singapore Banks, Can It Trigger a 100x Rally?

The Monetary Authority of Singapore (MAS) has expanded Ripple’s Major Payment Institution (MPI) license, allowing it to “broaden its regulated payment services and deliver greater value to Singaporean clients.” This groundbreaking license enables banks and financial institutions to settle crypto transfers using RLUSD. Despite a sharp pullback earlier this week, XRP managed to hold the key $2 support level, with trading volume surging to 3% of the token’s circulating supply.

Singapore MAS Regulatory Breakthrough Opens New Chapter for Institutional Adoption

(Source: Trading View)

A top Asian jurisdiction has approved the use of Ripple USD (RLUSD) as a settlement token for bank transactions, further fueling expectations for a rise in XRP prices as global institutional adoption of XRP appears to be accelerating rapidly. MAS’s expanded license elevates Ripple from a simple payment service provider to a licensed institution capable of participating in bank-grade settlement operations.

Ripple’s press release on Monday highlighted three major advantages of using its payment solutions in Singapore. The most notable is the ability to achieve near-instant payment settlement using RLUSD, Ripple’s native stablecoin. Traditional cross-border payments typically require 3 to 5 business days and involve multiple intermediary banks, each charging fees. In contrast, settlements based on XRP and RLUSD can be completed in seconds, with fees usually below $0.01.

Following this expanded license, demand for RLUSD is likely to soar. Now, banks and other financial institutions can use XRP and RLUSD to settle crypto transfers from apps and similar solutions. This bank-grade official recognition is a key validation of XRP’s long-term value proposition. Over the past few years, Ripple has worked to persuade banks to adopt its RippleNet and ODL (On-Demand Liquidity) solutions, and MAS’s license expansion marks a substantive breakthrough in these efforts.

As a global financial center, Singapore’s regulatory decisions often have a demonstration effect. MAS is known for its rigorous and forward-looking regulatory framework; its recognition of Ripple could prompt similar moves in other jurisdictions. This has profound implications for XRP’s long-term price trajectory, as it shifts from being merely a speculative crypto asset to serving a real financial infrastructure function.

Three Major Advantages of RLUSD for Bank Settlement

Instant Settlement: Payments can be completed in seconds, far surpassing the traditional SWIFT system’s 3-5 days

Ultra-Low Cost: Transaction fees are typically below $0.01, significantly reducing cross-border transfer costs

Transparent and Traceable: All transactions are recorded on the blockchain, providing a complete audit trail

XRP Technical Analysis: The $2 Survival Line and Path to Break $3

Despite a sharp pullback yesterday, XRP successfully held the $2 price level. Trading volume surged to 3% of the token’s circulating supply, reflecting strong buying pressure. This combination of high volume and price stability is typically viewed as a strong accumulation signal in technical analysis, indicating that large investors are using the pullback to accumulate positions.

Maintaining above $2 is crucial for XRP’s long-term outlook. The token has previously dipped below this area multiple times but has rebounded each time. The $2 level is not just a psychological threshold—it’s a confluence of multiple technical factors. From a Fibonacci retracement perspective, $2 is near the 61.8% retracement of the previous rally, a golden ratio support in technical analysis. Volume profile analysis shows significant historical trading activity near $2, meaning many investors’ cost basis is concentrated in this region, motivating them to defend the price during pullbacks.

Despite recent declines, the Relative Strength Index (RSI) shows that negative momentum is waning as bullish divergence emerges. RSI bullish divergence occurs when the price makes a new low but the RSI does not, often signaling that downward momentum is exhausted and a rebound is imminent. This technical signal has been validated multiple times in XRP’s history and is considered one of the reliable indicators of trend reversals.

If XRP holds the $2 level, a bullish breakout from its descending channel should confirm predictions of further price increases. A descending channel is formed when prices fluctuate between two parallel, downward-sloping trend lines; a breakout above the upper boundary typically signals the end of a downtrend and the start of a new rally. Based on the current technical structure, the upper boundary of XRP’s descending channel is around $2.3 to $2.5. A decisive breakout here would set the next target at the key $3 resistance.

$3 is not only a round number but also a significant level reached during the 2021 bull market. Technical analysis has the “prior high resistance” classic theory—previous highs often become resistance during subsequent rallies. If XRP can break and hold above $3, it opens the path to the historical high of $3.84, and potentially a new price discovery phase.

100x Myth vs. Reality: Where Is XRP’s Valuation Ceiling?

While XRP is unlikely to rise 100-fold this year, this latest news could help the token recover from its recent decline. It is therefore still possible for it to reach a new all-time high before year-end. Let’s rationally analyze XRP’s valuation ceiling. From the current price of $2, a 100x increase would mean XRP reaches $200, corresponding to a market cap of about $11 trillion (assuming circulating supply remains relatively stable).

What does this number represent? For comparison, Bitcoin’s market cap at the 2021 bull market peak was about $1.3 trillion, and global gold’s market cap is about $12 trillion. For XRP to reach an $11 trillion market cap, it would be nearly equivalent to the total value of all the gold in the world—logically, this is nearly impossible, at least in the short term. Thus, the 100x narrative is more marketing hype than serious valuation analysis.

However, this doesn’t mean XRP lacks significant upside. If Ripple’s bank-grade settlement solution is truly widely adopted, XRP’s intrinsic value will rise substantially. The global cross-border payments market exceeds $150 trillion; if Ripple captures even 1% of this, combined with appropriate liquidity premiums, an XRP valuation of $10 to $20 is logically plausible. This would represent a 5x to 10x gain from current prices—while not as sensational as 100x, it’s still a substantial return for a mainstream token with a market cap in the tens of billions.

More importantly, MAS’s expanded license provides XRP with a verifiable growth path. Unlike purely speculative assets, XRP can now show investors real usage data: How many banks are settling with RLUSD? What is the daily settlement volume? These data points become fundamental anchors for valuation. As usage grows, the logic behind XRP’s valuation will shift from “crypto speculation” to “financial infrastructure,” attracting more institutional capital.

Accelerated Institutional Adoption and Market Sentiment Shift

Globally, the growing institutional adoption of blockchain-based solutions appears to benefit the entire crypto ecosystem. MAS’s recognition of Ripple not only elevates XRP’s status but also sets a regulatory benchmark for other blockchain projects. This kind of official, institution-level adoption is changing the market’s perception of cryptocurrencies—from “fringe speculation tools” to “viable fintech solutions.”

For XRP, the key is replicating Singapore’s successful model in other markets. Ripple is already operating in multiple countries and regions, including Japan, the UAE, Brazil, and others. If these markets follow Singapore’s lead and approve RLUSD for bank settlements, XRP demand will grow exponentially. Each new market brings more banks, higher transaction volumes, and greater XRP liquidity needs.

However, investors must remain rational. For XRP to reach new all-time highs, it needs not only fundamental support but also favorable overall crypto market conditions. If major tokens like Bitcoin and Ethereum enter deep corrections, it will be difficult for XRP to remain unaffected. Thus, closely monitoring macroeconomic conditions, Federal Reserve policy trends, and regulatory developments is essential for assessing XRP’s outlook.