XRP, the Ripple crypto token, is trading at the psychological $1 line where it’s been dancing around for weeks. That stability is now colliding with a rumor spreading through crypto Twitter. Rumor has it that Standard Chartered has somehow given XRP a backdoor into BRICS Pay.
BRICS Pay itself is the payment settlement system floated by Brazil, Russia, India, China, and South Africa as an alternative to dollar-denominated trade rails. There’s a catch worth flagging before the FOMO sets in.
Yes, Ripple Payments is live with multiple regulated Brazilian institutions and is powering real cross-border and stablecoin settlement flows in the country.✅
Many still expect an explicit BRICS announcement.🙇♂️
However, this is the scalable strategy Ripple chose to push XRP.📈… https://t.co/NTH8rSfnEf pic.twitter.com/fVN3q4t5Jc
— SMQKE (@SMQKEDQG) August 17, 2026
No official BRICS Pay statement mentions XRP, Ripple, or the XRP Ledger (XRPL), as the claim traces back to community inference. What’s actually confirmed is Jeonbuk Bank in South Korea reportedly dropped SWIFT in favor of Ripple-powered payment rails, and Ripple Prime closed a $275 million bond offering to shore up ecosystem liquidity. Whale transfers on XRPL reportedly jumped 280% in 24 hours, even as the price barely moved.
Can Ripple XRP Price Hit $1.05 This Week?
At $1, XRP has reclaimed the $1 level intraday, with the 24-hour range running from $0.9962 to $1.0036. That’s a tight band of consolidation. CoinGecko’s tracking shows a roughly 2% pullback over the past week, even with today’s green candle, which points to a market still deciding on direction rather than committing to one.
Support sits near $0.98–$0.99, where on-chain data shows buyers stepping in previously. Resistance is the $1.00–$1.02 zone, the exact ceiling XRP keeps testing and failing to clear with volume.
Bull case: a confirmed institutional catalyst (say, actual BRICS Pay news) triggers a breakout past $1.02, opening room toward $1.05. Base case: continued sideways chop between $0.99 and $1.01 as the market waits for verification. Bear case: the rumor gets officially debunked, sentiment sours, and price retests $0.98 support.
Traders watching the broader XRP-XLM price context should treat this week’s action as a decision point, not a trend.
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Here’s the uncomfortable truth for anyone holding Ripple XRP hoping for a BRICS-fueled 10x: even a full breakout to $1.05 is a roughly 5% move on an asset with a market cap already in the tens of billions.
Rumor-chasing at this scale caps upside hard. That’s precisely the calculus pushing traders toward earlier-stage plays where a confirmed catalyst could still mean multiples rather than just percentages.
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