Key Highlights:
- Ripple’s CEO stated that XRP is central to its new product, Ripple Prime.
- The cryptocurrency XRP is poised to challenge the $3 resistance level based on bullish technical indicators.
XRP signals a possible 35% increase as strong technical patterns merge with fresh developments. Notably, Ripple’s CEO, Brad Garlinghouse, emphasized the company’s vision of an ‘internet of value’, asserting that XRP is integral to its operations.
Technical Indicators for XRP
XRP’s price structure shows resilience, rebounding from a key support line within its ascending triangle pattern. Historical data reveals that similar support levels have previously triggered significant recoveries, including jumps of 70-80% in 2025.
As of the latest updates, XRP has surged over 8% following its interaction with the trendline, coinciding with the 50-week exponential moving average (EMA) set at $2.33.
Market forecasts suggest a potential rally towards $3.45 by December, assuming past trends hold true.
Ripple Prime’s Impact on XRP
Ripple’s growing institutional strategy provides a favorable backdrop for XRP’s bullish trajectory. Recently, Ripple announced its acquisition of Hidden Road, rebranding it as Ripple Prime, becoming the first crypto firm to establish a global multi-asset prime brokerage while serving existing institutional clients. According to Ripple’s announcement:
“Ripple’s foundational digital asset infrastructure across payments, crypto custody and stablecoin, as well as the use of XRP, will complement the services offered within Ripple Prime.”
CEO Brad Garlinghouse remarked that this acquisition is a significant step toward realizing the ‘internet of value,’ reiterating XRP’s central role in Ripple’s initiatives.
Many analysts predict that XRP will continue rising, driven by Garlinghouse’s endorsement. For instance, trader Credibull Crypto mentioned that Ripple’s extensive XRP holdings incentivize the company to support the token’s appreciation.
Furthermore, Ripple’s plans to purchase $1 billion in XRP tokens under the ‘XRPN’ ticker on the Nasdaq substantiate this bullish sentiment.
Trader Zeiierman Trading also expressed confidence that XRP could exceed the $3 mark following the Hidden Road deal, insisting it is now strategically positioned for institutional adoption.
Disclaimer: This article does not offer investment advice. All trading entails risks, and it is vital for readers to conduct thorough research before making decisions.
