XRP News Today: XRP Surges 12% to $2.85 as Institutional Interest Grows

XRP, the cryptocurrency associated with Ripple, has been garnering significant attention as analysts speculate whether it could outperform Bitcoin. The recent surge in XRP's price, coupled with strong technical indicators and growing institutional interest, has sparked optimism among traders. The price of XRP jumped nearly 12% in a 24-hour period, reaching a high of $2.97 before settling at $2.85. This puts the token within close proximity of the $3 mark, a level it has not touched since 2018. With a market cap now exceeding $170 billion, XRP has re-entered the top four cryptocurrencies by market capitalization, attracting the attention of traders who are betting on a sustained upward trend.

The bullish indicators for XRP are numerous. The price has broken past key resistance at $2.60 and is holding above all major exponential moving averages (EMAs). The Relative Strength Index (RSI) is in overbought territory at 81.05, a classic setup for a potential explosive follow-through. Volume is surging across both spot and derivatives markets, and open interest has climbed to $7.2 billion. Additionally, whales are reportedly holding $3.8 billion worth of XRP, further bolstering the bullish sentiment.

The macroeconomic backdrop is also playing a significant role in XRP's recent performance. The Securities and Exchange Commission (SEC) has confirmed that XRP is not a security, which has alleviated some regulatory concerns. Moreover, there is growing speculation around the possibility of an XRP exchange-traded fund (ETF). Ripple's new stablecoin, RLUSD, is gaining traction, adding to the optimism surrounding XRP. These developments suggest that XRP is not just experiencing a comeback but is positioning itself to challenge Bitcoin's dominance in the next major leg up.

While XRP is stealing headlines with predictions of outperforming Bitcoin, another cryptocurrency, Remittix (RTX), is quietly making waves with explosive momentum. Remittix has already raised over $16 million and sold 550 million tokens. The cryptocurrency is targeting the $250 trillion global remittance market with its PayFi protocol, which allows users to send crypto that lands as fiat in any bank account without the need for complex wallets or conversions. This feature makes it particularly appealing for freelancers and businesses in underserved regions.

Remittix's smart design empowers businesses to accept crypto through its KYC-enabled Pay API, supporting over 30 fiat currencies and more than 50 crypto pairs. The flat-fee structure with no hidden FX charges and support for mainstream and underserved regions further enhance its appeal. Early investors in Remittix are already celebrating a 400% gain in 2025, with analysts predicting more upside ahead. As XRP price flirts with $35 forecasts, RTX may be the one actually racing ahead. Traders are advised to keep an eye on both cryptocurrencies but to bet smartly.