XRP News Today: XRP Wallet Surge Fuels Crypto Summer Optimism Amid Institutional Bet

The cryptocurrency market is witnessing a significant shift as 21,595 new XRP wallets were created within 48 hours, marking the largest surge in eight months, according to Santiment data. This development comes as XRP price rebounds from a critical support level, sparking renewed optimism among investors and institutional players. The altcoin has tested its $2.2 support threshold multiple times since a major October 2025 market crash, with recent rejection at the $2.6 resistance level suggesting potential for a reversal, according to a Coinpedia analysis.

XRP's technical indicators are aligning with bullish signals. The XRP/USD pair has formed a potential reversal pattern on the daily chart, with the Relative Strength Index (RSI) showing rising divergence despite lower lows since October 11, 2025, Coinpedia noted. This divergence often precedes a market turnaround, a dynamic that has historically signaled short-term gains for crypto assets. Meanwhile, Ripple's strategic focus on infrastructure—bolstered by recent acquisitions of firms like Hidden Road and Rail—has positioned XRP as a key player in institutional portfolios, the Coinpedia piece added.

Institutional demand for XRP is being fueled by regulatory clarity in the U.S. and the closure of the long-standing SEC lawsuit against Ripple. The company has also announced a $500 million strategic investment led by Fortress Investment Group and Citadel Securities at a $40 billion valuation, the Coinpedia article reported. Additionally, Ripple's collaboration with Mastercard, WebBank, and Gemini to integrate RLUSD on the XRP Ledger for onchain fiat transactions underscores growing mainstream adoption, Coinpedia noted.

The broader crypto ecosystem is also seeing momentum. Ethereum-based initiatives are gaining traction, with the Ethereum Foundation launching the Founders Lab Mentorship Program at Devcon to support emerging projects. Meanwhile, seven Ethereum protocols have formed the Ethereum Protocol Advocacy Alliance (EPAA) to defend the $100 billion DeFi ecosystem from regulatory overreach. The alliance emphasizes principles like on-chain transparency and global access to decentralized finance, aligning with the EPAA's goal of shaping policy through technical expertise, according to BeInCrypto.

Market participants are closely watching the potential listing of spot XRP ETFs, which could accelerate demand amid the Federal Reserve's anticipated quantitative easing (QE) policies, a trend Coinpedia highlighted. Grayscale's Ethereum Mini Trust ETF, which began staking Ether in October 2025, reflects similar institutional interest in crypto assets, as noted in the Grayscale SEC 10-Q report.

As XRP's wallet growth and Ethereum's ecosystem expansion intersect with macroeconomic factors, the market appears poised for a "crypto summer" scenario. However, traders remain cautious, with the XRP price still facing hurdles at its $2.6 resistance level, the Coinpedia piece concluded.