XRP News Today: XRP Surges 311.52% Yearly Breaks $2 Mark

XRP has recently broken through the $2.00 mark, with traders now setting their sights on the next resistance level at $2.30. This breakout has been supported by a significant increase in trading volume, indicating strong market interest and potential for further gains. The cryptocurrency has found support between key Fibonacci levels, which suggests that the bullish trend may continue.

According to analysis, XRP is currently trading at $2.00, representing a substantial increase of 311.52% over the past year. The circulating supply of XRP is 58.93 billion tokens, with a market capitalization of $118.32 billion. The volume-to-market cap ratio stands at 4.33%, indicating active trading and growing liquidity in the market. The 24-hour trading volume has surged by 64.71%, reaching $5.13 billion, which further supports the notion of increased market activity.

XRP’s recent pullback found support between the 0.618 and 0.886 Fibonacci levels, which are crucial technical indicators. This retracement zone suggests that the cryptocurrency could be poised for a new move toward the $2.30 resistance level. The daily Relative Strength Index (RSI) is currently at 43.68, while the Moving Average Convergence Divergence (MACD) remains below the signal line, indicating mild pressure but no sharp decline.

Institutional interest in XRP has been growing, with multiple Exchange-Traded Fund (ETF) applications filed with the Securities and Exchange Commission (SEC). A final decision on these applications is expected by October 17, 2025. The approval of these ETFs could significantly boost market confidence and drive further demand for XRP.

VivoPower, a company that recently invested $121 million in XRP as part of its treasury reserve strategy, has announced a partnership with the Flare blockchain. This move is expected to generate yield from its XRP holdings and position the cryptocurrency for increased institutional exposure. The growing institutional interest and technical strength of XRP suggest a positive outlook for the cryptocurrency in the near future.