Key Highlights
- X has started rolling out X Money to select Premium+ users with features like peer-to-peer payments.
- Cross River Bank’s Ripple partnership has fueled XRP speculation, but there is no official confirmation that X Money will support XRP
- XRP remains in focus as trading activity rises, with analysts watching the $1.06 price level while futures open interest declines.
Elon Musk’s X platform has started rolling out X Money to some Premium+ users, marking a major step in its plan to turn X into an “everything app.” The new payment service launched on Friday and gives selected users access to features like sending money to other users, a Visa debit card, and high-yield savings.
While the service is currently built around regular money, its partnership with Cross River Bank has sparked fresh talk about whether XRP and other cryptocurrencies could become part of the platform in the future.
X Money starts with everyday payments
X Money is still in its early stage and is only available to a limited number of users. The goal is to let people do more than post and chat on X by adding everyday financial services to the platform.
Early users can transfer money between accounts, use a Visa debit card for payments, and earn interest through savings features. For now, everything runs on traditional banking systems, not cryptocurrencies.
The financial services behind X Money are powered by Cross River Bank, which acts as the platform’s banking partner. The bank is responsible for holding customer deposits, processing payments, and supporting the Visa debit card. It also powers the X Cash Sweep Program, which offers up to $10 million in FDIC insurance on eligible deposits. This means user funds are protected through the banking system while the service continues its rollout.
Ripple partnership brings XRP into the conversation
Even though X Money does not currently support crypto payments, Cross River Bank’s history with Ripple has caught the attention of many people in the crypto industry.
The bank has been working with Ripple since 2014 and has used the XRP Ledger to help make cross-border payments faster and cheaper. Because of that relationship, some members of the XRP community believe the same technology could one day be used by X Money if the platform decides to add digital assets.
So far, however, there has been no official announcement that XRP will be added to X Money. Neither X, Elon Musk, Ripple, nor Cross River Bank has confirmed any plans to use XRP or any other cryptocurrency in the payment service.
At this point, the discussion is only based on the bank’s earlier work with Ripple, not on a confirmed partnership involving X Money. However, The Crypto Times has reached out to the team for a comment on this.
XRP price drops 8% in a week
Meanwhile, this launch comes as XRP itself faces pressure due to the overall crypto market sell off. At press time, the asset is trading for $1.04, representing just 0.81% within a day. However, the token has lost over 8% in a week from a high of $1.15.
Trading volume as also dropped by 2.43% as traders retire for the weekend, with the volume sitting at $2.56 billion
Crypto analyst Ali Martinez in a recent post on X, XRP is now testing an important price level around $1.06. Using on-chain data from the UTXO Realized Price Distribution (URPD), Martinez noted that more than 830 million XRP changed hands at that level.
This makes it an important area to watch because it could act as support. He added that if XRP falls below that level, the next support prices could be around $0.80, $0.62, and $0.51.
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