XRP Price Today: Mastercard Expands XRPL Presence as ETF Demand Supports XRP

Mastercard is expanding its presence around the XRP Ledger ecosystem at a time when XRP is struggling to hold onto a sharp August rally.

The payments company has joined the upcoming XRP Ledger Hackathon in New York as a sponsor, according to XRPL Commons. The 36-hour event is scheduled for Oct. 24–25, immediately before Ripple’s Swell conference, and will focus on areas including protocol development, agentic finance and lending.

The sponsorship is notable because Mastercard’s involvement with Ripple-linked infrastructure extends well beyond a developer event. In June, the company said it would broaden its settlement capabilities to regulated stablecoins, including Ripple USD, or RLUSD, across several networks including the XRP Ledger.

Ripple and Mastercard had already announced a separate initiative involving WebBank and Gemini to explore RLUSD-based settlement for card transactions on XRPL. The project remains an exploration rather than a confirmed commercial rollout.

<iframe src=”https://widgets.coincodex.com/w/557b895a-67bf-4e84-8a8e-6b13e7fc752b?site=coinpaper&mode=light” width=”100%” height=”420” frameborder=”0” style=”border:0;background:transparent;border-radius:0px;”></iframe>XRP Gives Back Part of Its August Rally