XRP (XRP) Price

XRP saw a $60 million drop in open interest alongside a plunging RSI, indicating forced liquidations. Historically, such market resets have often preceded significant price recoveries.

XRP fell 14% weekly after breaking $1.35 support, triggering over $25M in long liquidations. Analysts now eye potential drops to $0.92 or $0.87.

Crypto analyst Crypto Patel predicts XRP could reach $10, creating numerous millionaires, but only for those who accumulated below $1. His chart highlights a long-term symmetrical triangle breakout, with key support zones between $0.70 and $1. While XRP recently corrected from an all-time high of $3.65, a stabilization in the accumulation region could trigger a massive rally toward the $10 target.

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Crypto analyst Steph Is Crypto predicts a potential XRP recovery based on a decade-long trendline and a double bottom pattern near $1.12. Drawing parallels with XLM's recent performance, he suggests that if XRP holds support and closes weekly above $1.30, a significant upside rally could follow, contrary to current market sentiment.

The CLARITY Act's inclusion in the US Senate agenda has triggered a surge in XRP, with investors viewing clear regulations as a catalyst for wider crypto adoption and expanded institutional access.

Binance has expanded its platform to include nine XRP-related financial products, offering its 300 million users diverse exposure ranging from spot ETFs to leveraged options. Notably, the listing includes XRPN, linked to Evernorth, an active XRP treasury company going public via a SPAC merger. This move, alongside existing U.S. spot ETFs, signifies a major structural shift, increasing institutional access and potentially reducing circulating supply through treasury accumulation.

Dave Portnoy vows to hold his XRP and Bitcoin despite significant losses, citing a strategic million-dollar rationale for staying invested in the volatile crypto market.

The perceived rivalry between XRP and SWIFT may be based on a misunderstanding of their distinct roles. Experts argue that SWIFT serves primarily as a messaging layer, while XRP acts as a settlement asset. Consequently, major banks are likely adopting a hybrid approach, integrating blockchain messaging protocols alongside traditional infrastructure rather than choosing one over the other, suggesting a collaborative future for global payments.

Despite a recent 10% price drop amid broader market declines, Ripple continues to expand through key partnerships involving its RLUSD stablecoin and a new Washington D.C. office. While XRP spot ETFs recently saw their first daily outflow, they maintain strong cumulative inflows exceeding $1.42 billion, though whale selling pressure poses short-term risks.