Ripple Partner Cross River Bank Powers Elon Musk’s X Money
Highlights
- Elon Musk’s X Money is now available to some Premium+ users.
- Ripple partner Cross River Bank serves as the primary banking partner for X Money.
- It's a major step toward turning X into an everything app after Big Charts launch, likely integrating XRP in future.
Elon Musk’s X Money begins rolling out to some of Premium+ users today, with “everything app” payments feature gaining momentum. X Money is using Ripple’s long-term partner Cross River Bank as banking infrastructure for its services, sparking speculation over XRP and other crypto integration in the future.
Elon Musk Launches Digital Payments Service X Money
X Money, the payments and digital wallet system integrated into Elon Musk’s X platform, is rolling out to select users with features like peer-to-peer transfers, a Visa debit card, and high-yield savings options.
— Elon Musk (@elonmusk) June 25, 2026
While currently fiat-focused and backed by traditional rails, its banking infrastructure provider Cross River Bank is a long-standing partner with Ripple since 2014.
FDIC member Cross River Bank serves as the primary banking partner for X Money, holding user deposits and offering up to $10M in FDIC insurance through the X Cash Sweep Program. It would power key elements like card issuance and payment processing.
This brings XRP into the spotlight, sparking speculation about future cross-border efficiency, stablecoin support, or even direct token integration. Cross River uses XRP Ledger to enable faster and lower-cost cross-border transfers.
The XRP Army claimed a likely infrastructure overlap for deposits and instant settlement. Meanwhile, Elon Musk’s X Money launch coincided with Ripple’s push to provide tradFi with payments and tokenization infrastructure. XRP’s strengths in liquidity and speed could prove valuable.
While X Money remains primarily a fiat-based service in its early public access phase, Elon Musk earlier hinted about potential crypto integration.
As CoinGape reported earlier, Elon Musk’s X launched Big Charts for stocks and crypto, expanding its Smart Cashtags feature. Users can see larger real-time charts and posts for BTC, ETH, XRP, HYPE, DOGE, TSLA, MSTR, COIN, and others.
Will XRP Price Rebound?
XRP price pared gains after rebounding more than 3% after the crypto market crash. The price is currently trading at $1.03, with a 24-hour low and high of $1.01 and $1.08, respectively. Furthermore, trading volume has increased by 25% in the last 24 hours, indicating a rise in interest among traders.
Analyst Ali Martinez pointed out that XRP is testing a major volume block at $1.06. On-chain data from the UTXO Realized Price Distribution (URPD) showed over 830 million XRP changed hands at the price.
It makes it a key support level to watch. If XRP plunges, the next support levels based on volume are $0.80, $0.62, and $0.51.
CoinGlass data showed selling in the derivatives market amid crypto options expiry. The total XRP futures open interest dropped 1.83% to $2.31 billion in the last 4 hours.
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