XRP News Today: XRP Gains 350% Annually Despite Market Downturn

XRP, the cryptocurrency associated with Ripple, has shown resilience despite a recent market downturn, trading at $2.24. While it has experienced a slight dip in the short term and a 12% decrease over the past month, XRP has demonstrated impressive performance over the past year, with a 350% annual gain.

Ripple CEO Brad Garlinghouse has recently sparked bullish speculation by suggesting that the XRP Ledger could capture 14% of SWIFT’s global liquidity within the next five years. This shift would result in $21 trillion in volume flowing through the XRPL, a significant milestone that could have profound implications for the long-term XRP price prediction.

Garlinghouse made this prediction at the XRP Ledger Apex 2025 event in Singapore. He emphasized his interest in capturing a portion of SWIFT’s total liquidity rather than its messaging. Currently, SWIFT processes around 44 million messages per day, while the XRP Ledger handles between 500,000 and 1 million payments daily. Despite the disparity, the XRP Ledger’s recent growth suggests it is on the right track to compete with SWIFT.

Ripple has seen substantial growth since its legal battle with the SEC concluded. For instance, the XRP Ledger witnessed a 400% increase in new wallets in Q4 2024, and Q1 2025 brought news of Ripple’s $1.25 billion acquisition of credit network Hidden Road. Additionally, the SEC is currently assessing applications for 10 spot-based XRP ETFs, which, if approved, could further boost the XRP price.

Technical analysis indicates that XRP is nearing a breakout from a pennant pattern that has been forming since the end of 2024. If XRP can surpass its resistance level at around $2.33, it could potentially reach $2.5 by the end of the month. From there, it is projected to return to $3 by the end of July, with ETF approvals potentially sending it to $4 by the end of 2025.

For traders looking to diversify beyond major tokens like XRP, there are several interesting newer coins to consider. One such coin is Solaxy (SOLX), a Solana-based token that has raised an impressive $48.1 million in its ICO. Solaxy is launching a layer-two network for Solana, aiming to provide ultra-low transaction fees and confirmation times, as well as instant bridging between itself and its parent chain. It is positioned to become a major hub for DeFi and meme token trading, with plans to launch its own DEX and token launchpad soon after the Solaxy mainnet goes live.