XRP Drops 5% Below $1.11 as Ripple Backs Water.org RLUSD Initiative; $1.05 Support in Focus

$XRP lost roughly 5% and broke under $1.11 after sellers reasserted control at the $1.1750 ceiling, dragging the token lower in step with $BTC and $ETH. The move into a fresh corrective leg coincided with Ripple joining a Water.org initiative tied to RLUSD, the project's stablecoin. With the $1.11 handle now surrendered, market participants are watching the $1.05 level as the next structural support.

The Level That Gave Way

XRP's failure at $1.1750 is the mechanism worth noting here. That area acted as resistance, and once buyers could not push price through it, the corrective leg accelerated. The 5% decline placed the token back below $1.11, a zone that had provided a floor in recent sessions. Broad market direction did not help: XRP tracked Bitcoin and Ethereum lower, suggesting the selling pressure was not XRP-specific but amplified by macro crypto sentiment.

Ripple's RLUSD Enters Charitable Waters

Ripple joined Water.org's push tied to RLUSD — Ripple's stablecoin product. Water.org, the nonprofit co-founded by Matt Damon and Gary White focused on global water access, is the named partner. The source does not detail the financial terms or scale of the initiative, so the on-chain or capital commitment behind the tie-up remains unclear. What the pairing does do is position RLUSD in a cause-marketing context, a move that tends to surface during price weakness as projects seek narrative support outside of price action. Skeptics will note that a stablecoin partnership with a nonprofit does not itself generate protocol revenue or token demand in any direct, traceable way.

$1.05: The Number Traders Are Watching

With $1.11 now acting as overhead rather than floor, the next reference point the source flags is $1.05. That level will determine whether the current corrective leg finds a base or extends further. XRP's price action remains tethered to broader conditions: so long as Bitcoin and Ethereum remain under pressure, isolated XRP catalysts — charitable RLUSD programs included — are unlikely to decouple the token meaningfully to the upside.