XRP’s price (XRP-USD) has failed to react yet again despite a major move by Ripple in the Asia-Pacific region. The company is planning to buy BC Payments Australia, a deal that serves as a shortcut for Ripple to get its hands on an Australian Financial Services License (AFSL). Instead of waiting in a long line to apply for one, Ripple is simply buying a firm that already holds the credentials. Once the deal closes, Ripple will be able to handle everything from compliance to moving money for Australian customers through one single system.
Ripple Does a Record Double in Payment Volume
The push into Australia makes perfect sense when you look at the growth numbers. Ripple says its payment volume in the Asia-Pacific area nearly doubled last year. The company is already working with local names like Hai Ha Money Transfer and Caleb & Brown. This new license will let the firm scale up even faster, helping it manage a chunk of the $100 billion in total volume it processes across the globe.
Ripple is also working with the Australian government. The firm has joined Project Acacia, a tech-heavy research project led by Australia’s central bank. This project is exploring how to use digital money and tokenized assets to make the country’s financial system faster and cheaper.
The Market Does See a Decoupling of XRP’s Price
While Ripple is winning in the boardroom, the price of XRP hasn’t followed the good news. Nowadays, the price of the coin has decoupled from Ripple’s business progress. This means that even when the company signs a massive deal, the price might stay flat or even drop. Instead, XRP is being moved more by macro factors, big world events like the war in the Middle East or general shifts in investor mood.
When war headlines break, many traders sell risky assets like crypto to move into gold (CM:XAUUSD) or cash. This is why XRP was trading at a modest $1.38 today, seeing only losses despite the Australia news. While the new license is great for the long-term goal of replacing systems like SWIFT, the short-term price is likely to stay stuck between company growth and global tension.
