XRP News Today: XRP Price Surges 50% as Institutional Interest and Regulatory Clarity Boost Confidence

Analysts are increasingly optimistic about XRP, pointing to its tight price structure and growing institutional interest as signs of a potential surge beyond $30. For over eight months, XRP has maintained a price above $1.90, a former resistance level that has now become a key support. This resilience has attracted traders who view the token's long consolidation as a prelude to a new upward movement.

According to analyst CrediBULL Crypto, XRP’s price movement aligns with the Elliott Wave model, suggesting that the next leg could potentially reach $12 in the short term and $32 by 2026. The current pause is seen as a necessary reset before momentum resumes. This forecast is based on the analyst's interpretation of the price movement and market trends.

Ripple, the company behind XRP, is nearing the end of its prolonged legal battle with the SEC. The company has dropped its cross-appeal, indicating a desire to finalize the case. Additionally, Ripple has applied for a national bank charter and access to the Fed’s payment rails, which, if granted, would position it as the first fully regulated crypto-native bank in the U.S. This regulatory clarity could further boost investor confidence in XRP.

Network usage for XRP is also accelerating, with the XRP Ledger handling over 1.6 million transactions and $500 million in daily volume. Ripple’s plans to launch a stablecoin and expand its CBDC infrastructure, which now spans over 50 countries, reinforce expectations of increased token utility. These developments suggest that XRP is becoming more integrated into the global financial system, which could drive further adoption and price appreciation.

Investor Vincent Van Code believes XRP could rise to $50 in the next cycle, driven by ETF speculation and surging institutional interest. A spot XRP ETF, he says, could bring tens of billions into the market. Meanwhile, Ripple’s partnerships, including with the Saudi central bank, hint at future use cases in areas like oil settlement. These partnerships and potential ETF approvals could significantly increase the demand for XRP, driving its price higher.

As macro and sector momentum align, XRP’s slow build-up may soon give way to explosive upside. The cryptocurrency's strong fundamentals, growing institutional interest, and potential for spot ETFs make it a compelling bet for investors looking for major upside potential. However, it is important to note that the cryptocurrency market is highly volatile, and investors should conduct thorough research before making any investment decisions.