XRP Price Slumps as Webus Unveils XRP-Powered Tokenized Travel Rewards Platform

The XRP price has dropped 3.5% in the last 24 hours, to trade at $2.41, on a 17% surge in the daily trading volume, to $4.53 billion.

This price drop comes after Nasdaq-listed Webus International announced plans to integrate XRP settlement into its upcoming tokenized travel rewards exchange, targeting the $20 billion loyalty market.

The blockchain-driven platform will allow travelers to redeem and convert reward points across airlines, hotels, and transport networks using XRP for instant, borderless, and cost-efficient settlements. CEO Nan Zheng said the project aims to unify the fragmented global loyalty landscape.

Webus has filed with the U.S. SEC to launch the platform, which will roll out in phases, starting with pilot programs in North America and Asia. This move follows Webus’s earlier SEC filing with Samara Alpha Management LLC to manage up to $300 million in XRP as part of its treasury strategy.

The development adds to Ripple’s expanding ecosystem, which has seen over $1 billion in monthly stablecoin transactions on XRPL. With institutional interest surging—$61.6 million in XRP inflows over 18 weeks—Ripple’s network continues to grow, further supported by CME Group’s new futures and options for the token.

XRP Shows Signs of Bullish Reversal After Sharp Drop

XRP price shows early signs of a bullish reversal after falling below $2.00 last week. The token has bounced back and is now trading around $2.40, suggesting buyers slowly return to the market. The move comes after a strong sell-off that tested XRP’s key support zone between $2.10 and $2.30.

The daily chart shows XRP forming a falling wedge pattern, which often signals a potential trend reversal. The upper resistance of the wedge is near $3.00, and if XRP breaks above this level, the next target price could be around $3.50. This would mark a possible 40% to 45% increase from current prices.

XRPUSDT Analysis Source. Tradingview

Earlier in September, XRP had a false breakout, which led to another decline. But this time, the price structure looks stronger, and the recovery is backed by better buying pressure. The RSI indicator, currently at about 41, also suggests that XRP is moving out of the oversold zone. A move above 50 could confirm growing bullish momentum.

For the short term, traders are watching if XRP can hold above $2.50. Staying above this level for several days could confirm a bullish reversal and attract more buyers. If that happens, the price could move toward the next resistance levels at $3.00 and $3.50.

Despite the recent market weakness, XRP’s ability to recover quickly from its lows shows that traders still have confidence in the token. If the upward momentum continues, XRP could repeat its strong performance from earlier this year, when it surged from $1.50 to $4.00.