XRP News Today: Ripple's Infrastructure Gambit: XRP Poised for $2.65 Breakout as Institutional Bet Grows

XRP Price Gains Traction - Buyers Pile In Ahead Of Key Technical Breakout

Ripple's landmark acquisition of Hidden Road has ignited renewed optimism in the XRP market, with investors eyeing a potential breakout as the cryptocurrency stabilizes above $2.40. The blockchain infrastructure firm finalized a $1.25 billion deal to rebrand Hidden Road as Ripple Prime, marking its first foray into owning a global multi-asset prime brokerage firm, according to a Zycrypto report. This strategic move aims to streamline institutional adoption of crypto by integrating Ripple's U.S. dollar-backed stablecoin, RLUSD, into brokerage services and migrating post-trade operations onto the XRP Ledger (XRPL) to reduce costs, the report adds.

Market participants are responding to the catalyst, with XRP futures trading near a $27 billion notional volume on the CME Group over the past five months, according to an FXStreet article. The launch of regulated XRP derivatives in April has attracted institutional interest, while the OI-weighted funding rate—a proxy for trader confidence—surged to 0.0059% last week, signaling growing bullish sentiment, the FXStreet piece notes. Analysts observe that sustained funding rate increases often precede short-term price rallies, though caution persists as open interest remains below October's $9 billion peak.

Institutional support for XRP continues to expand. Ripple-backed Evernorth Holdings Inc. now controls 261 million XRP, valued at $639.45 million, according to Yahoo Finance. The entity plans to establish a publicly traded XRP treasury, potentially creating the largest institutional holding of the asset. Meanwhile, Ripple's broader acquisition strategy—having previously secured Metaco and GTreasury—positions it to strengthen infrastructure and drive demand, as earlier reporting described.

Technical indicators suggest XRP is poised for a breakout. The TD Sequential buy signal, identified by analyst Ali in a Coinotag analysis, marks a potential turning point after weeks of volatility. Price action shows consolidation above $2.35, with key resistance at $2.42 and $2.72; a breach of these levels could trigger a rally toward $2.55–$2.65, per a TradingView analysis. However, bears remain active, with a drop below $2.32 posing a risk of further declines to $2.20, the TradingView piece warns.

The XRP price narrative is further bolstered by expectations of spot ETF approvals. If regulators greenlight XRP ETFs, inflows could mirror Bitcoin's $61.8 billion benchmark, with projections suggesting $5–10 billion in initial capital, a Coinotag projection indicated earlier. Analysts like Steven McClurg of Canary Capital highlight historical leverage effects, where modest inflows have driven XRP's market cap to surge by over 272x in the past. This dynamic could propel the token toward $18–$19 per unit, assuming institutional adoption aligns with patterns seen in Bitcoin and Ethereum ETF launches.

Long-term optimism is shared by industry figures such as Bill Morgan, who positions XRP as a 2026 contender alongside Chainlink due to real-world adoption and supply shocks, as discussed in a Coinpedia piece. With Ripple's ecosystem expanding and technical momentum building, XRP's trajectory hinges on clearing critical resistances and securing regulatory clarity in the coming months.