Elon Musk’s X has officially started rolling out its new payment service, X Money, to a limited group of Premium+ users.
The new feature introduces a digital wallet that allows users to send peer-to-peer payments, use a Visa debit card, and earn returns on cash balances held within the platform. For now, the service operates entirely through traditional banking systems rather than cryptocurrency.
A key part of the launch is X’s partnership with Cross River Bank, which serves as the primary banking provider for X Money.
Cross River handles customer deposits, payment processing, debit card services, and the platform’s cash management program. Eligible balances can receive up to $10 million in FDIC insurance through the bank’s sweep program.
The partnership has attracted significant attention from the crypto community because Cross River has worked with Ripple since 2014. Over the years, the bank has used technology connected to the XRP Ledger for certain cross-border payment services.
As a result, some XRP supporters believe this relationship could eventually open the door for XRP or blockchain-based payment solutions to become part of X Money in the future.
However, there is currently no evidence that this will happen.
Neither X nor Cross River Bank has announced any plans to integrate XRP, Ripple technology, or any other cryptocurrency into the platform. At launch, X Money relies entirely on conventional banking infrastructure.
Still, speculation continues because Elon Musk has previously expressed interest in building broader financial services into X, including the possibility of future crypto-related features.
At the same time, X has expanded its Smart Cashtags feature, allowing users to view larger real-time charts for both cryptocurrencies and stocks directly within the platform.
Assets supported include Bitcoin, Ether, XRP, Dogecoin, Tesla, Coinbase, and several others, giving users easier access to market data without leaving the app.
Meanwhile, Ripple continues to push for clearer crypto regulations in the United States.
The company recently launched a mobile advertising campaign near the U.S. Capitol, encouraging lawmakers to pass the CLARITY Act. Ripple argues that the legislation would provide clearer rules for digital assets, strengthen consumer protections, support innovation, and help the United States remain competitive in the growing digital asset industry.
While attention remains focused on X Money, XRP traders are also watching the token’s price action closely.
XRP recently recovered slightly after the broader crypto market selloff and was trading around $1.04 after moving between $1.01 and $1.08 during the previous 24 hours.
According to crypto analyst Ali Martinez, the $1.06 level is particularly important because a large amount of XRP previously changed hands around that price. More than 830 million XRP were traded near that level, making it a significant support zone.
If XRP falls below that area, Martinez believes the next major support levels could be found around $0.80, $0.62, and $0.51.
At the same time, derivatives traders appear cautious. Data from CoinGlass shows that XRP futures open interest recently declined by about 2% to roughly $2.35 billion, suggesting that some traders are reducing leveraged positions as volatility remains elevated across the crypto market.
For now, X Money is firmly rooted in traditional banking, but Cross River’s long-standing relationship with Ripple has kept speculation alive. Whether XRP eventually becomes part of the platform remains unknown, but the launch has already renewed interest in the connection between X, Ripple, and the future of digital payments.
