The XRP Ledger is getting Ripple’s payments business — Effect on XRP?

Key Summary

Ripple President Monica Long announced plans to move customer transaction volume onto the XRP Ledger, linking the payments business with lending pools on XRPL, and potentially making XRP a source of income for businesses. This integration could lead to XRP being used in lending pools that fund Ripple's payment customers, but its impact on the token's price is uncertain. XRP was trading at $1.49, down 1.7% in 24 hours, with recent price fluctuations ranging between $1.47 and $1.55, and technical indicators indicating a neutral RSI and zero Chaikin Money Flow.