XRP News Today: XRP Surges 47.7% Year to Date as USA Today Endorses It for $500 Investments

XRP has emerged as one of the top-performing cryptocurrencies in recent weeks, with its price bouncing from a pullback and gaining momentum across major exchanges. The token has risen to a 47.7% year-to-date gain, drawing attention from both retail and institutional investors. In a recent article, USA Today labeled XRP as “the smartest cryptocurrency to buy with $500 right now,” citing its growing adoption and improved regulatory climate in the U.S. [1]. The recommendation, authored by Will Ebiefung of The Motley Fool, highlights XRP’s role in cross-border payments and the launch of Ripple USD (RLUSD), which Ebiefung argues could enhance the token’s utility and mainstream appeal [1].

The bullish sentiment surrounding XRP is reflected in recent technical indicators. On the 4-hour chart, the price has broken out of a descending triangle pattern, re-entering the $3 level and surpassing key resistance points. The Relative Strength Index (RSI) has climbed above the midpoint, indicating strengthening buying pressure. Analysts suggest that if this breakout is sustained, XRP could reach $3.30 in the short term, with further potential to rise to $4 in the coming weeks and $10 by the end of the year [1]. These price forecasts, however, remain speculative and hinge on continued institutional interest and market confidence.

Ebiefung’s recommendation may amplify trading volumes and attract a broader investor base, particularly given USA Today’s large and diverse audience. The increased attention could also encourage more institutional players to consider XRP as part of their portfolio strategies, especially with the ongoing development of regulatory clarity in the U.S. [1]. This shift may represent a broader trend where cryptocurrencies are increasingly viewed as viable assets for diversification and long-term growth.

While the article primarily focuses on XRP, it also introduces Bitcoin Hyper (HYPER), a new Layer 2 project aiming to integrate Bitcoin with the speed and flexibility of Solana. The presale of HYPER has already raised over $7 million, with early investors seeking exposure to a faster and cheaper DeFi-enabled Bitcoin experience. However, these details are separate from the XRP-focused price prediction and institutional interest highlighted in the USA Today article.

Source: [1] XRP Price Prediction: USA Today Calls XRP the Smartest $500 Buy – Institutions Coming? (https://cryptonews.com/news/xrp-price-prediction-usa-today-calls-xrp-the-smartest-500-buy-institutions-coming/)