Ripple News and XRP Price Update Today: July 1

Ripple remains a major talking point in crypto as XRP struggles to hold the $1 level amid an extended bear market. On July 1, XRP is trading around $1.04, down about 20% on a monthly basis, according to the report. Despite the price pressure, Ripple is pushing ecosystem developments, including joining Open USD as a day-one integration partner. Open USD (OUSD) is a stablecoin for large-scale global payments built by Open Standard, with an expected launch later in 2026; its backers include BlackRock, Visa, Mastercard, American Express and Coinbase. Earlier, Ripple received Japanese Financial Services Agency approval to launch its RLUSD stablecoin in Japan and said it committed $25 million in RLUSD to support U.S. small businesses and programs for military veterans. Institutional interest is supported by XRP ETF inflows totaling nearly $1.5 billion since launch, though whales have reduced exposure.