October 14th 2026, 1:16 PM
Ripple Expands in Korea, But XRP Price Struggles
Key Summary
Ripple has signed its fourth Korean institutional partnership of 2026 with Meritz Securities, aiming to bring its custody and tokenization infrastructure into Korea's capital markets. However, XRP price has dropped 9% over the past week, despite the partnership, as it struggles to break above key resistance levels.
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Background
Ripple has signed its fourth Korean institutional partnership of 2026 with Meritz Securities, yet XRP keeps falling anyway.What the Meritz Deal Actually Covers
Ripple announced Tuesday that it will work with Meritz Securities to explore bringing Ripple Custody and tokenization infrastructure into Korea's capital markets. The partnership starts within Meritz's existing securities business and current regulations, then widens in stages as Korea's digital asset framework develops.Ripple's Broader Korean Push
Meritz marks Ripple's fourth Korean institutional partnership this year and its first with a securities firm specifically:- \1\1\1\1
XRP's Price Struggles
Together, these deals span banking, insurance and capital markets, giving Ripple institutional reach across Korea's financial system rather than a single sector. XRP trades near $1.35 after breaking below the rising support line of its symmetrical triangle pattern. The rebound stays weak, with price sitting below both its 200-day EMA at $1.38 and 50-day EMA at $1.39. XRP has dropped more than 9% over the past week, according to Santiment, as leveraged long positions got flushed out and the $1.40 level proved difficult to reclaim.Sentiment Data
Sentiment data backs up the weak price action: AssetBullish-to-Bearish RatioReadingXRP0.92FUD territoryBitcoin0.82FUD territoryEthereum2.05FOMO territorySource: Santiment#XRP#Korea#Ripple#Crypto