Elon Musk's X Money Launches, Backed by Ripple Partner Cross River Bank
Elon Musk's X Money launches with Ripple partner Cross River Bank. Here's what it means for XRP, Ripple, and the latest XRP price outlook.
Elon Musk’s vision of turning X into an all-in-one platform has reached another milestone after X Money officially began rolling out to a limited group of Premium+ users.
The new payment service marks the company’s first public step toward integrating financial services directly into the social media platform.
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The rollout was confirmed by Elon Musk himself and Benji Taylor, who announced that X Money is now available to a subset of Premium+ subscribers.
According to the X posts, the service launches with several built-in features and user perks, accompanied by an in-app welcome preview highlighting its capabilities.
One detail that has attracted significant attention from the cryptocurrency community is X Money’s banking partner.
Cross River Bank, a long-time Ripple partner, serves as the primary banking institution supporting the payment platform.
That relationship has renewed discussions about Ripple and XRP, although there is currently no official confirmation that X Money uses Ripple’s technology or XRP for payments.
Cross River Bank Powers X Money Infrastructure
Cross River Bank plays a central role in the launch of X Money.
The financial institution provides the banking infrastructure behind the service, including payment processing, customer deposits, card issuance, and the X Cash Sweep Program, which offers FDIC insurance coverage for eligible funds.
The partnership is notable because Cross River Bank has maintained a relationship with Ripple since 2014.
Over the years, the bank has worked with Ripple on payment technology, particularly in areas related to cross-border financial services.
That existing relationship has naturally led to speculation that Ripple’s technology could eventually become part of X Money’s broader ecosystem.
However, no announcement from X, Elon Musk, Cross River Bank, or Ripple has confirmed such an integration.
At this stage, X Money operates as a fiat-based payment platform supported by traditional banking infrastructure rather than blockchain settlement.
No Official XRP Integration Has Been Announced
The launch of X Money represents a significant milestone for Elon Musk’s broader plan to transform X into a platform that combines social networking, payments, and financial services.
At the same time, Cross River Bank’s involvement has created fresh interest in Ripple because of the bank’s long-standing partnership with the blockchain payments company.
What has not been confirmed is whether Ripple’s payment technology or XRP will play any role in X Money’s operations.
Until an official announcement is made by X, Ripple, or Cross River Bank, any expectation of XRP integration remains speculation rather than confirmed development.
For now, the rollout demonstrates that X Money is entering the market with an established banking infrastructure while leaving the door open for future financial innovations.
XRP Community Watches the Development Closely
Although X Money does not officially support XRP, the involvement of Ripple’s long-time banking partner has placed the digital asset back in focus.
At the time of writing, the XRP price stood at $1.05, representing a 1.6% gain over the past 24 hours.
Over the past week, XRP has declined 7.9%, while its 30-day performance shows a 21.6% loss. On a yearly basis, the cryptocurrency remains 50.9% below its level from twelve months ago.
XRP also remains well below its all-time high of $3.65, reached on July 18, 2025.
At its current price of $1.05, the token trades roughly 71.3% below that record level.
Notably, XRP’s trading activity has remained healthy despite the recent correction.
XRP recorded approximately $2.52 billion in 24-hour trading volume, indicating that market participation remains strong even as prices continue to trade below previous highs.
Even so, earlier market analysis also identified $1.06 as an important price area that traders are monitoring.
If $1.06 fails, analysts like Celal Kucuker have pointed to $0.80, $0.62, and $0.51 as potential downside support zones based on historical trading activity and on-chain volume distribution.
But if XRP establishes support above that level, sentiment could improve, and the token could regain the key resistance at $1.24.
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