XRP News Today: XRP Surges 3.6% Amid Market Volatility and Institutional Interest

XRP, the cryptocurrency associated with Ripple, experienced a significant surge, rising by 3.6% over the past 24 hours. The token reached a peak of $2.33 before stabilizing around $2.25. This upward movement was driven by buyers capitalizing on market volatility, as XRP overcame resistance at $2.21 and established new support at $2.29. Despite a brief pullback to $2.23, the token's bullish momentum remained strong, indicating renewed confidence among investors.

The recent price action of XRP reflects broader market dynamics influenced by global economic tensions. Ongoing trade disputes between the U.S. and China have created volatility in risk assets, yet XRP has shown resilience, outperforming many of its peers. This performance underscores the growing confidence in XRP's utility for cross-border settlements, a key feature that sets it apart in the cryptocurrency landscape.

Central-bank divergences on interest rates have also played a role in driving rotation into digital assets, with XRP benefiting from increased trading activity during major policy announcements. This trend highlights the token's appeal as a hedge against economic uncertainty and a potential safe haven for investors seeking to diversify their portfolios.

Speculation around a spot XRP ETF, along with large block trades on major exchanges, suggests that institutions are quietly accumulating the token. This accumulation is likely positioning for the next regulatory catalyst, which could further boost XRP's price. The combination of institutional interest and technical indicators points to a bullish outlook for the token, with analysts eyeing a potential run toward $2.40 if current support levels hold.

Technical analysis of XRP's price action reveals that the token has cleared resistance at $2.21 and is now testing $2.30 as the next hurdle. The $2.246–$2.29 zone has been confirmed as new support through multiple tests, indicating strong conviction among both buyers and sellers. The volume profile shows heavy volume spikes during breakouts and pullbacks, further supporting the bullish narrative. According to the analyst's forecast, the price action aligns with a Fibonacci extension off the day’s low, suggesting a potential target of $2.40 if the current support holds.