XRP Price Slump Defies Positive Developments as Garlinghouse Takes Aim at Dimon

The spat between Ripple's chief executive Brad Garlinghouse and JPMorgan's head Jamie Dimon has escalated, with Garlinghouse accusing Dimon of deliberately misrepresenting a key crypto bill. The Digital Asset Market Clarity Act (H.R. 3633) aims to clarify regulatory responsibilities for digital assets, but Garlinghouse claims it would harm JPMorgan's payment empire if passed.

The bill could force Ripple to reduce its XRP holdings, currently exceeding the 20% threshold allowed under one clause. Despite this risk, investors are pouring money into US spot ETFs tracking XRP, with cumulative net inflows of $1.436 billion since November 2025.

Ripple's AI-powered payment system is gaining traction, with the XRPL AI Starter Kit launched on June 10. The toolkit allows autonomous AI agents to make payments using XRP or RLUSD, and Mastercard has signed on as a launch partner for its 'Agent Pay for Machines' service.

Meanwhile, cross-border payments are expanding, with Ripple deepening its partnership with Mexican crypto exchange Bitso. This creates a direct settlement route between the United States and Mexico, bypassing traditional correspondent banks.