XRP News Today: XRP Consolidates Above ATH Monthly Close With 5% Daily Gain

XRP, the cryptocurrency associated with Ripple, is currently experiencing a significant period of consolidation above its previous all-time high (ATH) monthly close. This consolidation, which has been ongoing for eight months, is seen as a strong bullish signal by analysts. The current price of XRP is approximately $2.6246, reflecting a 5% daily gain. This price point is crucial as it marks a period of stability following a historic surge, with the cryptocurrency having experienced a substantial increase in value over the past months.

According to analyst CredibleCrypto, XRP has one of the cleanest impulsive price structures since its inception. This technical setup is being described as equally, if not more, structurally bullish compared to Bitcoin’s fifth wave projection toward $150,000. The analyst pointed to what he described as one of the cleanest impulsive price structures since XRP’s inception. As of the latest update, XRP is trading at $2.6246, reflecting a 5% daily gain.

According to Elliott Wave projections, XRP could enter a five-wave parabolic advance, potentially targeting the $30+ range. This projection is based on the cryptocurrency's technical setup, which is seen as highly bullish. The move is part of an institutional expansion strategy targeting cross-border regulated markets in Brazil and Europe. Tokenized products will include fixed income and equity instruments issued using Ripple’s infrastructure and Ripple Payments network.

Ripple announced that Mercado Bitcoin plans to tokenize over $200 million in real-world assets on the XRP Ledger. This move underscores XRPL’s increasing relevance in tokenization and institutional finance. The announcement highlights XRPL’s speed and security as key reasons for the integration. The move is part of an institutional expansion strategy targeting cross-border regulated markets in Brazil and Europe. Tokenized products will include fixed income and equity instruments issued using Ripple’s infrastructure and Ripple Payments network.

XRP recently broke out of a descending channel and is now testing the Fibonacci resistance at $3.0555. This level represents the 38.2% retracement zone. A successful close above it could open the door to the next major target of $9.5946. MACD indicators support this bullish case, with signals showing a potential crossover and declining bearish pressure. XRP is holding above the $2.18 support zone, reinforcing a strong technical base. Analysts said increasing buying volume could confirm a macro breakout toward $10 in the coming months as optimism builds around Ripple’s regulatory progress and ecosystem growth.