Is Every Bank Launching a Stablecoin Quietly Building the Case for XRP?

$XRP ($XRP) fell 3.74% to $1.39 on March 22, trading 62% below its July 2025 all-time high of $3.65, as open interest collapsed 75% from its peak and leveraged positions continued to unwind.

The price decline coincides with broader macro pressure from the US-Iran war, surging oil, and fading Fed rate cut expectations that have weighed on risk assets across the board.

How Bank Stablecoins Could Drive $XRP Demand

While $XRP’s price slides, a structural bull case is gaining attention. Qualified Family Office Professional Jake Claver argued on X (Twitter) that every bank launching its own stablecoin creates a new currency that needs to communicate with every other currency.

Every bank launching a stablecoin is essentially creating another currency that needs to talk to every other currency

That’s not competition for $XRP….that’s the problem $XRP was built to solve

More stablecoins means more fragmentation & more fragmentation means more demand for…

— Jake Claver, QFOP (@beyond_broke) March 22, 2026

That fragmentation, Claver said, is not competition for $XRP. It is the exact interoperability problem Ripple built $XRP to solve.

More stablecoins mean more isolated liquidity pools, and more isolation increases demand for a neutral bridging layer sitting in the middle.

Versan Aljarrah, founder of Black Swan Capitalist, framed $XRP holders as participants positioning for a broader financial reset, gaining early access to the infrastructure of a new payment system.

Those holding $XRP aren’t just investors, they’re positioning for the reset. As the system shifts, they become part of a new class of wealth, operating within the rails of the next financial system. This is about access, liquidity, and being early to the infrastructure.

— Versan Aljarrah – Black Swan Capitalist (@VersanAljarrah) March 22, 2026

$XRP Price Performance”> $XRP Price Performance. Source: BeInCrypto

$XRP Open Interest Signals Weak Conviction

Analyst Xaif Crypto flagged that $XRP open interest has dropped 75% from its peak. Binance remains the only exchange with meaningful derivatives activity. Leverage has exited, but conviction-based buying has not replaced it.

$XRP OI down 75% from the top.

Binance is still the only adult in the room but even they can’t hide what this chart is screaming. Leverage left. Conviction didn’t show up.

You know what that means. https://t.co/fqahyrdUIn pic.twitter.com/1o6jXlQzLc

— Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) March 22, 2026

Notwithstanding, institutional infrastructure around $XRP continues to expand independently of price. Evernorth Holdings filed an S-4 with the SEC on March 18 to go public through a SPAC merger with Armada Acquisition Corp. II.

The firm holds 473 million $XRP valued at roughly $685 million and plans to list on Nasdaq under the ticker XRPN. Ripple, SBI Holdings, and Pantera Capital back the venture.

Whether the stablecoin fragmentation thesis translates into measurable on-chain demand for $XRP as a bridge asset remains unproven.

However, the gap between declining price and expanding infrastructure is the tension driving the current debate among $XRP analysts heading into Q2 2026.

The post Is Every Bank Launching a Stablecoin Quietly Building the Case for $XRP? appeared first on BeInCrypto.

Source