Ripple Expands Stripe Payment Ecosystem... XRP Aims to Reclaim $1.50

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Ripple is expanding the scope of utilization for XRP Ledger (XRPL) developer tools with global online payment service Stripe and Layer 1 blockchain Tempo. XRP (Ripple) is trading at $1.45, up 3%, attempting to reclaim $1.50, but Watcher.Guru drew a line, stating that this price increase is not directly linked to Ripple's Stripe and Tempo-related developments.

According to cryptocurrency media outlet Watcher.Guru on September 21 (local time), Ripple announced that it is expanding the XRPL AI Starter Kit to Stripe and Tempo. Version 1.1 supports the Machine Payment Protocol (MPP) and Open Wallet Standard, providing a development environment for artificial intelligence (AI) agents to pay for online services such as data and computing resources using cryptocurrencies and stablecoins.

The new developer kit is designed to allow software to access wallets across multiple blockchains through a single common interface. Ripple developer Ajit Kulkarni explained that XRPL will provide a preferential option for developers building payment services. Watcher.Guru reported that Ripple is expanding its blockchain services, increasing accessibility for fintech companies to more easily utilize related technologies.

Ripple's stablecoin RLUSD will also be utilized in the AI-based payment ecosystem. Jazzi Cooper, Product Lead at RippleX, stated that the goal is to make XRP and RLUSD preferred options for developers building services. RLUSD is a stablecoin pegged 1:1 to the US dollar and can be used as a payment method when AI agents purchase data or computing resources.

In terms of price, XRP traded at $1.45 on Monday, up 3% during the day, attempting to recover the $1.50 mark it had fallen from in August. However, Watcher.Guru emphasized that the current upward trend is not stemming from Ripple's Stripe and Tempo-related developments. It explained that the two matters are separate developments, and Ripple's related collaborations cannot be seen as directly leading to an increase in XRP price.

Watcher.Guru analyzed that XRP is currently moving in line with the overall upward trend of the cryptocurrency market. It explained that XRP is rising along with the market, especially as international oil prices have fallen below $100. Therefore, the outlet's analysis suggests that Ripple's expansion of its payment ecosystem and the short-term price increase of XRP need to be viewed separately.

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