- Ripple partners with Stripe-owned Privy to expand XRP Ledger payment services.
- Whales accumulated 16.46 million XRP in five days despite falling prices.
- XRP now faces resistance on its path toward $2.
Ripple has partnered with Stripe-owned Privy to expand wallet services on the XRP Ledger (XRPL), giving developers new tools to build payment applications. The development comes as large investors continue accumulating XRP despite its recent price decline.
Announced on October 13, the integration allows developers to create embedded wallets that support XRP, Ripple USD (RLUSD), and other XRPL-based assets. Meanwhile, XRP traded near $1.16 on November 8, leaving investors watching whether whale buying can help drive a recovery toward $2.
Ripple and Privy Bring Embedded Wallets to XRP Ledger
The partnership introduces programmable wallet infrastructure that allows businesses to integrate digital asset payments into their applications. Developers can create wallets, manage assets, and authorize transactions without building separate wallet systems.
Through Privy’s infrastructure, users can access XRP, RLUSD, and other XRPL-based assets without manually managing private keys. They can also retain the option to export their wallet credentials.
The integration also supports the x402 payment standard, which enables automated transactions between applications and AI agents. Developers can use server-side wallets to facilitate payments for services such as data access and computing resources.
Markus Infanger, RippleX’s senior vice president, said the integration would make it easier for developers to build payment applications on the XRP Ledger.
The network has already recorded more than eight million funded accounts and over $1 trillion in cumulative value transferred. Privy also plans to introduce additional features, including transaction policy controls and network fee sponsorship.
However, the partnership has not yet disclosed expected transaction volumes or how much additional XRP demand the integration could generate.
XRP Whales Accumulate 16.46 Million Tokens as Price Falls
XRP’s price weakness has not stopped large holders from increasing their positions. Market analyst Ali Martinez reported that whales accumulated more than 16.46 million XRP over five days.
The purchases occurred as XRP retreated from approximately $1.34 during the previous week to around $1.16 on November 8. Despite the accumulation, buying activity has yet to reverse the broader downward trend.
The price also faces resistance around $1.60, a level that has emerged as an important barrier for buyers. Martinez has identified a potential inverse head-and-shoulders pattern, although the formation remains unconfirmed.
A sustained move above $1.60 could strengthen the recovery outlook and bring the $2 psychological level into focus. From $1.16, XRP would need to gain approximately 72.4% to reach that target.
$0.99 Support Could Become Critical for XRP
Despite whale accumulation, several market indicators continue to point to weakness.
Recent market analysis identified support between $1.04 and $1.16, leaving XRP vulnerable if buyers fail to defend the current price range. Martinez has also highlighted $0.99 as a potential support level following the XRP’s breakdown below the midpoint of its trading channel.
ETF activity presents another challenge. XRP investment products recorded approximately $529,500 in net outflows between November 2 and November 6, suggesting that institutional demand remains weak.
Meanwhile, GraniteShares has postponed the launch of its leveraged XRP ETFs until November 30, delaying another potential development in the market.
For now, XRP faces a difficult recovery path. Whale accumulation and Ripple’s expanding payment infrastructure offer positive developments, but the price must overcome key resistance levels before a move toward $2 becomes more realistic.
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