XRP News Today: XRP Surges 3% as Missouri Bill Boosts Crypto Appeal

XRP, the cryptocurrency associated with Ripple, has been experiencing a notable price surge, with a more than 3% increase at the time of writing, trading at $2.43. This rally can be attributed to several factors, including legislative developments and increased adoption.

One significant factor driving the price increase is House Bill 594, currently under discussion in Missouri. If passed, this bill would allow residents to deduct all capital gains taxes from profits made on cryptocurrencies like Bitcoin and XRP. This tax exemption could be a major incentive for crypto investors in the U.S., potentially boosting XRP's appeal and value.

Additionally, the number of XRP holders has increased by 11% so far in 2025, indicating growing interest and adoption of the cryptocurrency. Furthermore, XRP is now accepted as a payment method on the travel booking site Travala.com, expanding its real-world use cases.

On the technological front, Ripple is making strides with XRP's integration with Cosmos and the development of EVM sidechains, which facilitate interoperability between different blockchains. Ripple's custody service has also introduced shared MPC wallets for safer storage, and the company is making progress in the tokenization space, converting real-world assets into digital tokens on the XRP Ledger.

Analyst Ali Charts has predicted that if XRP can break out of its current chart pattern, it might surge as high as $15. Technical indicators such as RSI and stochastic RSI are showing bullish signals, suggesting a potential breakout in the near future.

According to various analysts' forecasts, the price of XRP on May 13, 2025, is predicted to range between $2.1101 and $2.720, with a potential average price of around $2.472. These forecasts are based on current market conditions and the potential for a bullish breakout. However, it is important to note that these predictions are subject to change as new information becomes available.

XRP's price indicators are sending multiple buy signals, supported by low exchange inflows. The SuperTrend has turned green for the first time since March, setting the stage for gains toward $3.00. However, surging long positions liquidations alongside falling Open Interest may slow XRP's uptrend. Ripple (XRP) price continues its upward trajectory, trading at $2.40 on Monday, fueled by a widespread bullish surge spearheaded by Bitcoin (BTC) breaking past the $100,000 mark last week. Multiple buy signals from crucial indicators suggest that XRP can potentially extend the rally, targeting $3.00 in the coming days, especially if the derivatives market Open Interest (OI) recovers.

XRP's price has broken above a long-term descending trendline resistance, mirroring positive sentiment across the crypto market. The uptrend above the trendline comes amid a major slump in exchange inflows from over 2 billion to 14.5 million XRP. Falling exchange inflows often signal reduced sell-side pressure, as investors prefer to hold onto their tokens in self-custody as opposed to moving them to exchanges. The daily chart reveals a solid bullish structure supported by multiple buy signals. The SuperTrend recently shifted below XRP's price, supporting the ongoing uptrend. This trend-following indicator signals when to buy and when to sell. When XRP's price is above the SuperTrend line, it signals a bullish momentum. With the SuperTrend line below XRP's price, dynamics could favor a larger-than-expected breakout aiming for highs above $3.00.

The Moving Average Convergence Divergence (MACD) indicator shows a clear uptrend above the center line. The MACD line (0.0557) above the signal line (0.0318) signals a robust bullish momentum. Similarly, the expanding green histograms confirm this short-term bullish outlook, corroborated by the Relative Strength Index (RSI) at 61.77. The RSI indicator shows that XRP is neither overbought nor oversold, leaving room for more bullish wiggle. Declining Open Interest may hinder XRP's upward momentum. Derivatives data reveals a 2.21% drop in OI to $6.64 billion and a 27.24% decline in the trading volume to $5.74 billion. OI represents the total number of outstanding derivative contracts that haven't been settled, like futures or options. When OI falls, it signals that traders are closing positions, reflecting reduced confidence or interest in XRP's price direction. Coupled with the drop in trading volume, the uptrend could face significant challenges. Long positions liquidation reached $8.85 million in the last 24 hours compared to approximately $762,000 in shorts. A total of $9.61 million has been wiped out, implying that the market is volatile, calling for caution among traders betting on a price increase to $3.00.

XRP price has formed a bullish pennant pattern and is in the fifth phase of the Elliot Wave, pointing to more gains. On May 13, 2025, the price of XRP is predicted to be $2.52, with a maximum of $2.53 and a minimum of $2.52. This prediction is based on the current market conditions and the potential for a bullish breakout. The price of XRP on May 14, 2025, is predicted to be $2.52, with a maximum of $2.53 and a minimum of $2.52. This prediction is based on the current market conditions and the potential for a bullish breakout. The price of XRP on May 15, 2025, is predicted to be $2.53, with a maximum of $2.54 and a minimum of $2.53. This prediction is based on the current market conditions and the potential for a bullish breakout. The price of XRP on May 16, 2025, is predicted to be $2.53, with a maximum of $2.54 and a minimum of $2.53. This prediction is based on the current market conditions and the potential for a bullish breakout. The price of XRP on May 17, 2025, is predicted to be $2.54, with a maximum of $2.55 and a minimum of $2.54. This prediction is based on the current market conditions and the potential for a bullish breakout. The price of XRP on May 18, 2025, is predicted to be $2.55, with a maximum of $2.56 and a minimum of $2.55. This prediction is based on the current market conditions and the potential for a bullish breakout.