Ripple has made headlines with major developments, including a partnership with Chainlink to integrate secure on-chain data for its stablecoin, RLUSD, and a high-profile meeting between Ripple’s CEO and former U.S.
President Donald Trump. These updates have sparked bullish sentiments among XRP holders.
Ripple Partners with Chainlink and Meets Trump
On January 7, Ripple announced its collaboration with Chainlink to strengthen its USD-pegged stablecoin, RLUSD. The integration brings Chainlink’s blockchain technology into Ripple’s ecosystem, delivering secure and reliable price data directly on the Ethereum network.
RLUSD, launched in December 2024 after obtaining regulatory approval from the New York Department of Financial Services (NYDFS), operates on both the XRP Ledger and Ethereum networks and currently boasts a market capitalization of $77 million.
Decentralized finance (DeFi) applications require tamper-resistant, real-time price data for stablecoin-based operations such as trading and lending. Through Chainlink Price Feeds, Ripple ensures RLUSD leverages accurate, market-driven data collected from both on-chain and off-chain sources.
This partnership enhances RLUSD’s utility in DeFi platforms and positions it for broader adoption. Johann Eid, Chief Business Officer at Chainlink Labs, commented:
Tokenized assets like stablecoins will continue to accelerate in adoption, and access to critical on-chain data will expedite this process.
Zack Rynes, a community leader at Chainlink, revealed that major DeFi protocols, including Aave, have already begun integrating RLUSD using Chainlink-provided data. Ripple selected Chainlink for its proven ability to deliver reliable data through decentralized infrastructure. Jack McDonald, Ripple’s Senior VP for Stablecoins, stated:
By leveraging Chainlink’s standards, we are providing secure on-chain data and enhancing RLUSD’s use in both institutional and decentralized sectors.
Chainlink technology currently supports trillions of dollars in transactions worldwide, with notable projects like Base (backed by Coinbase) and financial institutions like ANZ using its services.
Ripple CEO Meets Trump
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty recently met with Donald Trump at his Mar-a-Lago estate in Florida. Garlinghouse shared a photo of the dinner meeting, captioned:
A strong start to 2025!
While details of the discussion remain undisclosed, speculation suggests it focused on cryptocurrency regulations. Trump, who has historically expressed skepticism toward cryptocurrencies, could have discussed regulatory frameworks and policies impacting Ripple and the broader blockchain industry.
Ripple Market Analysis
At present, XRP is trading at $2.30, remaining within a consolidation range of $2.00 to $2.73 for the past six weeks. Despite multiple rallies, XRP has been unable to break through the $2.73 resistance level or approach its all-time high (ATH) of $3.31.
Market analysts suggest the current stagnation may persist in the short term. A break below the $2.00 support level could lead to further declines, potentially driving XRP down to $1.50 or lower, negating its current bullish-neutral outlook and causing significant losses for investors.
Looking Ahead
Ripple’s strategic moves, including its partnership with Chainlink and growing institutional engagement, position XRP for potential long-term growth. However, near-term challenges remain, and the cryptocurrency must overcome key resistance levels to reignite its upward trajectory.
As regulatory clarity and technological advancements evolve, Ripple’s efforts to integrate with DeFi and expand its ecosystem may ultimately strengthen its market presence and bring renewed momentum to XRP.
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