XRP News Today: XRP Surges 277% Against Bitcoin, Hits $3.66 Record High

XRP, the cryptocurrency developed by Ripple Labs, has recently made significant strides, outperforming Bitcoin by an impressive 277%. This surge has pushed XRP to a new record high of $3.66, sparking considerable interest and speculation within the cryptocurrency community. Analysts are now eyeing the next potential milestone for XRP, with some predicting that it could reach $4.80 in the near future. This optimism is fueled by several factors, including the growing buzz around Exchange-Traded Funds (ETFs) and increasing institutional demand for XRP.

In the last 12 months, XRP has climbed 277% against Bitcoin, while Bitcoin rose about 88%. The XRP/BTC ratio jumped from 0.00000902 to 0.0000303, showing clear relative strength. What makes this impressive is the lack of support tools XRP doesn’t have, such as no U.S.-approved spot XRP ETF yet, no major corporate treasury wave, and no native DeFi yield baked into the network. Despite these limitations, buyers showed up, with XRP trading around $3.44, reflecting a gain of 4.5% seen in the last 24 hours, not far from the fresh $3.66 all-time high. One year ago, XRP was about $0.44, that’s a 9x gain.

Institutional interest in XRP is heating up fast. ProShares is set to launch its Ultra XRP ETF, giving investors leveraged exposure. Big names like Franklin Templeton, Bitwise, and Teucrium are also lining up with active ETF filings. This institutional interest is further evidenced by the recently reported record-breaking daily volumes for XRP and Micro XRP futures, signaling strong institutional XRP demand growth.

Ripple isn’t slowing down, it continues building real-world use. It recently partnered with Ctrl Alt to bring institutional-grade custody to Dubai’s real estate market, enabling tokenized property titles on the XRP Ledger. Its Ethereum-compatible sidechain is also booming, hosting 1,300+ smart contracts since June. This expansion of Ripple's technology and partnerships is likely to further drive the demand for XRP.

Crypto analyst Kyle Chassé says XRP’s strength isn’t a fluke. He sees $3.80 as the next near-term level to watch, followed by $4.80 if momentum holds. Other market watchers say that if ETF approvals advance and whales keep accumulating, double-digit price targets could enter the conversation later in the cycle. This optimism is based on the growing institutional interest and the potential approval of ETFs for XRP, which could provide a more accessible and regulated way for investors to gain exposure to the cryptocurrency.