XRP Price Prediction: KBank Picks Ripple For Cross-Border Transfers As XRP Loses $1.40 Support

• XRP trades at $1.3921, down 0.61%, breaking below $1.40 with the 20 and 50-day EMAs now flipped to resistance.
• KBank, exclusive banking partner of South Korea‘s Upbit, is testing Ripple’s Palisade wallet for on-chain remittances to UAE and Thailand.
• Longs absorbed $4.59M in 24h liquidations against $94.41K for shorts as options volume doubled to $2.66M.

XRP trades at $1.3921 on April 28, down 0.61%, slipping below the $1.40 level that has acted as support through most of April, as South Koreas KBank announces a Ripple partnership for on-chain cross-border remittances and the chart resolves a multi-month triangle to the downside.

XRP Daily Chart: Triangle Breaks Down, $1.40 Flips To Resistance

XRP built a descending triangle from the January low near $1.20, lower boundary rising from that base and upper boundary capping every rally below $1.60 through March and April. Todays session broke below $1.40 on rising volume, resolving the pattern to the downside.

The 20-day EMA at $1.4059 and 50-day at $1.4142 are both just above current price, now resistance after the breakdown. The Supertrend at $1.2993 never flipped bullish during the entire triangle formation and remains the deeper support if selling continues. The next levels below current price are $1.37 and $1.31, with the Supertrend the last line before the January low comes back into view.

XRP Key levels for April 29

• Supertrend support: $1.2993
• Next downside level: $1.3700
• Deeper support: $1.3100
• Current price: $1.3921
• $1.40 resistance: $1.4000
• 20-day EMA resistance: $1.4059
• 50-day EMA resistance: $1.4142

KBank And Ripple: South Koreas Biggest Digital Bank Tests Onchain Remittances

KBank, the exclusive banking partner of South Korean crypto exchange Upbit with 15 million customers, announced a Ripple partnership on April 27 to test onchain cross-border remittances. Phase one of the proof-of-concept is complete, and phase two is now evaluating transfer speed, cost, and stability to the UAE and Thailand using Palisade, a wallet platform Ripple acquired earlier this year.

Standard SWIFT transfers route through multiple correspondent banks, settling over days with fees charged at every step. Onchain transfers settle in minutes with a single network fee. That gap is what KBank is testing, and it sits against a backdrop where South Korea is finalizing its Digital Asset Basic Act covering stablecoins, custody, and tokenized assets.

KBank flagged it is building stablecoin infrastructure ahead of the law, making this both a live product test and a regulatory preparation move. Koreas daily crypto volumes on Upbit regularly rival its mainstream stock exchanges, so the stakes for getting this infrastructure right are real.

XRP Derivatives: Longs Taking Heavy Losses As Options Bets Double

Futures volume rose 28.34% to $3.00B while OI dropped 2.99% to $2.49B, volume climbing while OI falls means positions are being closed into the move rather than fresh shorts being added. Options volume more than doubled, up 103.95% to $2.66M, with options OI up 4.15% to $50.55M, reflecting traders hedging around the breakdown rather than outright directional positioning.

The long/short ratio sits at 0.9242, leaning short. Binance and OKX top traders both lean long at ratios above 2.35, but the liquidation data tells the real story. Over 24 hours, longs absorbed $4.59M against just $94.41K for shorts. Buyers are taking nearly fifty times more pain than sellers, consistent with a breakdown where longs built near $1.40 support are getting stopped out as that level gives way.

XRP Price Prediction: April 29 Outlook

• Upside: XRP reclaims $1.40 on a daily close, flipping the 20 and 50-day EMAs back to support. The KBank partnership gives the recovery a fundamental anchor, and a clean close back above $1.40 with volume would invalidate the triangle breakdown. The next target above that is the $1.47 to $1.50 range where the triangles upper boundary last traded.
• Downside: XRP holds below $1.40 and the selling continues toward $1.37 and then $1.31. Longs absorbing nearly all of the liquidation pain points to continued pressure on buyers at current levels, and the Supertrend at $1.2993 becomes the key level if $1.31 gives way.