XRP Surges 0.8% to $2.17 on Ripple's Acquisition and Market Optimism

XRP has recently surged in price, reaching approximately $2.17, drawing significant market attention. This upward trend is driven by broader market optimism and positive developments surrounding Ripple's ETF. The token's resurgence is particularly notable as altcoin volumes across the board have shown signs of recovery.

The recent price increase of XRP can be attributed to a combination of macroeconomic factors and strategic moves by Ripple. The broader rebound in risk assets, spurred by the decision to temporarily pause tariff enforcement, has lifted sentiment across crypto markets. Additionally, Ripple's acquisition of Hidden Road, a global prime brokerage and credit network serving over 300 institutional clients, has provided a significant boost. This acquisition could expand the real-world application of the XRP Ledger, potentially enhancing XRP's utility and institutional demand.

XRP's price saw an intraday gain of around 0.8%, hovering near $2.15. This move coincides with a bullish crossover on the hourly chart, where the 50 SMA crossed above the 100 SMA. Increased buying interest is reflected in the healthy uptick in volume. Speculative hopes that Ripple may be closing in on a final resolution with the SEC have also brought in short-term bulls, further fueling the price surge.

From a chart perspective, the daily candle has closed above the 20 SMA for three straight sessions, suggesting a trend reversal. The Accumulation/Distribution Line (ADL) is climbing, indicating strong accumulation. If broader market sentiment holds and regulatory headlines favor XRP, a recovery toward $3+ in 2025 is plausible. The hourly chart shows a strong cluster of support near $2.11–2.13, where the 100 SMA and 200 SMA are consolidating. The price bouncing off this level multiple times shows firm buyer interest. On the daily chart, XRP has breached the 50 SMA and is heading for the 100 SMA near $2.24. If it breaks this resistance, $2.50 could be the next target. The rising ADL suggests that buyers are gradually regaining control.

In the short term, XRP looks ready to test the $2.24–2.30 resistance zone. If it clears this with volume, a quick move to $2.50 is expected. However, if it faces rejection, the price could slide back to $2.05 support. The market is cautiously bullish, which is usually a good sign for steady gains. With bullish momentum forming, XRP looks attractive for short-term traders aiming for the $2.50 range. Long-term holders may want to watch the tariff situation closely, but overall, the charts are warming up, and XRP could be waking up from its multi-month slumber.