XRP Is Down 24% This Year and Chainlink Is Down 4%. Is Adoption the Reason for the Gap?

Chainlink keeps signing major banks while XRP lands its logo on college football fields, yet both coins are still deep in the red. The real question is whether any of these deals actually forces anyone to buy the coin.

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The XRP (CRYPTO:XRP) price traded at $1.41 on September 5, down 24% since January 1, while Chainlink (CRYPTO:LINK) traded at $11.74, down 4%. That’s a wide gap between two coins that move with the same market.

One explanation is that Chainlink keeps signing banks and payment firms to use its software, and XRP doesn’t. But both coins are down close to half over twelve months, Chainlink by 48% and XRP by 50%, so would bank deals explain a gap that nearly disappears over a full year?

Chainlink Keeps Signing Banks and the Chainlink Price Keeps Falling

Chainlink sells software that feeds outside information into a blockchain, because a blockchain can’t read a share price, an interest rate or a payment confirmation without help, which is why banks deal with it. Chainlink has worked with SWIFT since 2024 on letting banks send blockchain payments through the messaging system they already use. S&P Global put its stablecoin ratings on Chainlink in 2025, and SBI Group signed a partnership in August 2025.