Ripple and Bitso Launch MXNB Stablecoin on XRPL

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 12 2026

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Stablecoin Innovation: Ripple and Bitso have launched the MXNB stablecoin natively on the XRP Ledger, bringing regulated Mexican peso liquidity directly into the blockchain, significantly enhancing its application potential in cross-border payments, particularly in the U.S.-Mexico remittance corridor.
Positive Market Reaction: Crypto media personality Paul Barron hailed this move as an “absolute game-changer,” viewing it as a blueprint for blockchain adoption in Latin America, which underscores Ripple's significance in the future of global finance.
Liquidity Enhancement: The XRP Ledger now supports two regulated stablecoins, providing real liquidity options in both U.S. dollars and Mexican pesos, thereby strengthening its core value proposition of fast, low-cost settlement across borders, attracting more activity and increasing demand for XRP.
Strategic Competitive Advantage: By placing regulated peso liquidity directly on the XRPL, Ripple and its partners position themselves to compete directly with traditional remittance services, which is expected to drive blockchain adoption in Latin America and increase market demand for XRP.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.87	0.981	1.072	1.183	1.273	1.384	1.475
Fibonacci	0.981	1.058	1.106	1.183	1.259	1.307	1.384

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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