XRP News Today: XRP's Fight for $3.60 Could Signal a New Era in Crypto Payments

XRP, the digital asset issued by Ripple, has seen significant volatility in recent weeks, with analysts and investors speculating on its potential for a major breakout. After a period of consolidation, XRP is drawing attention due to both technical indicators and broader market developments. The token has been trading within a symmetrical triangle on the USDT chart, a pattern that can signal an impending price movement either upward or downward. Currently, XRP remains above key moving averages, suggesting a potential bullish breakout. If the price breaks the upper boundary of the triangle, it could move beyond the broader ascending channel, which has guided price action over recent months [2]. On the XRP/BTC chart, a similar consolidation pattern is in play, with the price positioned just above critical moving averages and the 2,400 SAT support level. While a definitive breakout has not yet occurred, the asset is holding above key technical levels, pointing to a constructive near-term outlook [2].

On a broader scale, XRP’s price action has been supported by fundamental developments. Ripple has been working to expand its cross-border payment solutions, which use XRP as a bridge currency to facilitate faster and lower-cost international transfers. Ripple CEO Brad Garlinghouse has suggested that XRP could capture 14% of SWIFT’s global payments volume within five years, an estimate that, if realized, would translate to $21 trillion in annual transaction volume. This potential adoption of Ripple’s services by financial institutions could drive increased demand for XRP, especially as it is used for on-demand liquidity [1].

Regulatory developments have also played a role in shaping XRP’s trajectory. The recent resolution of the long-standing lawsuit between Ripple and the SEC has removed a major overhang, potentially opening the door for XRP to be included in exchange-traded funds (ETFs). The SEC has delayed its decision on two ETF applications for XRP, with rulings expected in late October. The regulatory environment appears to be shifting in favor of cryptocurrency, with the current SEC leadership and broader U.S. policy trends suggesting a more accommodating stance toward digital assets [3].

Market sentiment has also been influenced by broader macroeconomic conditions. Inflationary pressures and the Federal Reserve’s cautious approach to rate cuts have weighed on XRP’s performance in recent months. Despite a 20% decline from its peak, XRP remains up 39% for 2025, and investors are watching for signs that the market is preparing for another rally. Technical analysis suggests that XRP could test key resistance levels near $3.60 if the bullish momentum continues, particularly after a recent rebound from the $2.76 support level [4].

Looking ahead, XRP faces both opportunities and challenges. The potential for inclusion in ETFs and increased adoption of Ripple’s payment services present strong tailwinds. However, macroeconomic risks and the historically difficult path to a tenfold return in market value remain hurdles. With a current market cap of around $170 billion, achieving a tenfold increase would require a market capitalization of $1.7 trillion—only Bitcoin has reached such a level. While this may be challenging, the token’s role in cross-border payments and recent regulatory clarity make it a compelling asset for investors with a longer-term perspective [1].

Source:

[1] Could Ripple (XRP) Deliver 10x Returns? (https://finance.yahoo.com/news/could-ripple-xrp-deliver-10x-132000630.html)

[2] Ripple Price Analysis: Is XRP Preparing for One Final Rally Before Big Correction (https://cryptopotato.com/ripple-price-analysis-is-xrp-preparing-for-one-final-rally-before-big-correction/)

[3] 1 Reason Why Now Is the Time to Buy XRP (https://finance.yahoo.com/news/1-reason-why-now-time-143100256.html)

[4] Big Rebound Coming? XRP Targets $3.60 After Drop (https://coincu.com/analysis/xrp-targets-3-60-after-drop/)