XRP News Today: XRP Gains 91.3% Support as Bullish Signals Emerge

Ripple’s XRP has garnered significant attention in the cryptocurrency community, with a recent poll indicating that 91.3% of participants believe the digital asset has the potential to become one of the top 100 cryptocurrencies. This overwhelming support is likely driven by a combination of ecosystem catalysts, investor sentiment, and technical indicators.

The poll, which received over 1.1 million votes, highlights the growing confidence in XRP's prospects. Market analyst Vlad Hryniv has noted that XRP is showing bullish signals, having bottomed around April 7. He predicts that if the cryptocurrency breaks above the $2.35–$2.36 resistance level, it could potentially reach $2.44 and even $2.60. Additionally, XRP's open interest has surged above the $4 billion mark, indicating increased market liquidity and activity.

Technical analysis further supports the bullish outlook for XRP. The cryptocurrency is currently forming a W-shaped double bottom, a pattern often associated with strong reversals. Furthermore, XRP is poised to reach the psychological price of $5 as it exits an ascending triangle pattern. At the time of writing, XRP was trading around the $2.25 zone.

Ripple's commitment to fostering blockchain innovation in the Asia-Pacific region is another factor contributing to the positive sentiment surrounding XRP. The company plans to invest over $5 million through its University Blockchain Research Initiative (UBRI) to nurture next-generation blockchain talent in Australia, Singapore, Japan, and South Korea. This investment aims to enhance the region's potential as a strategic hub for real-world deployment, innovation, and blockchain talent. By catalyzing developer ecosystems on the XRP Ledger (XRPL) and boosting academic infrastructure, Ripple is positioning XRP for long-term growth and adoption.