Emilie Krishna Deic

XRP is currently trading around 2.10 USD, holding its position as the #4 cryptocurrency by market capitalization, which sits at approximately $127 billion.¹ ² In the last 24 hours, the asset has seen relatively flat movement, with reports indicating a slight increase of 0.13% and a minor decrease of 0.28% across different exchanges.¹ ²
Recent technical analysis suggests a bullish short-term outlook, with the price printing a “bullish engulfing” candle pattern and reclaiming the daily pivot point as it heads to test the daily 200 Exponential Moving Average .⁷ Analysts are watching this level closely, noting that overcoming it would be a very bullish signal and that “Wave 1 of 3” appears to be underway locally.³ Some market commentary has even pointed to potential for a 75% surge targeting $3.57, citing Bollinger Bands and other indicators.⁴
On the development front, a crypto founder has announced that tokenized Gold is coming to the XRP Ledger, a move that is being hyped as a significant expansion of the ledger’s utility.⁵ Additionally, Ripple CEO Brad Garlinghouse recently appeared on 60 Minutes to discuss the company’s $150 million legal battle with the U.S. Securities and Exchange Commission .⁶ He emphasized that Ripple is not seeking to avoid regulation but is advocating for clear, consistent rules of the road, arguing that XRP is not a stock and should not be subject to traditional securities laws.⁶
The XRP Ledger continues to be utilized for its low-cost transactions , speed , and scalability , positioning itself as a competitor to traditional payment networks like SWIFT for cross-border transfers.