XRP nears $1.10 as Ripple deploys RLUSD for water funding

XRP fell toward $1.10 after breaking a bullish trendline at $1.1620 and moving below its 100-hour simple moving average. The token also traded below the 38.2% Fibonacci retracement level. The MACD indicator is in bearish territory and the RSI is below 50.

A liquidation wave of about $14 million pushed XRP to a year-to-date low near $1.188. Market participants identify the $1.10 area as a near-term support level and watch for further selling pressure.

Ripple announced that its regulated dollar stablecoin, RLUSD, will be used to move funds for Water.org’s Get Blue campaign. The initiative launched in January 2026 at the World Economic Forum in Davos.

Ripple plans to use RLUSD and Ripple Payments to transfer funds to Water.org’s microfinance partners in emerging markets in minutes instead of days, with the goal of accelerating funding for local lending programs that finance water and sanitation projects.

Water.org, co-founded by Matt Damon and Gary White, reports it has reached about 90 million people and aims to reach 200 million by 2030. Founding corporate partners for Get Blue include Gap Inc., Amazon, Starbucks and Ecolab, with additional supporters such as AccuWeather and TikTok.

RLUSD received approval from New York’s financial regulator and debuted in December 2024. Circulation has risen past roughly $1.5 billion and is approaching $2 billion. Ripple has previously used the stablecoin in philanthropic transfers to broaden payment reach.

Ripple materials describe commercial deployments that use XRP and RLUSD for real-world payments and merchant integrations, covering a network of merchants and payment flows that the company says reach millions of endpoints.

For traders and investors, the immediate question is whether XRP can hold the $1.10 threshold or face deeper selling in the short term.