XRP News Today: XRP Surges 70% in Three Weeks Amid Institutional Accumulation and Regulatory Support

XRP technical analyst Egrag Crypto has predicted that the price of XRP could surge to $45, citing increased activity on the XRP Ledger as a key indicator. This forecast has sparked a mix of optimism and skepticism within the financial community, with some investors and analysts closely monitoring the potential impact on market behavior. However, Ripple's executives, including CEO Brad Garlinghouse, have remained silent on the matter, leaving the market to speculate on the validity of the prediction.

Egrag Crypto's prediction is based on historical patterns observed in the XRP market. The analyst has stated that the forecast relies exclusively on the repetition of historical cycles, asserting that "charts don't lie." Despite this bold prediction, there is no direct evidence from Ripple or SWIFT to corroborate the forecast. The financial community is observing the XRP market carefully, but there is no indication of immediate shifts in institutional involvement, as Ripple officials have not proposed any policy changes.

Community sentiment is divided, with some supporting Egrag Crypto's analysis and others remaining skeptical. The potential impacts on XRP's value remain speculative, and observers are encouraged to rely on official Ripple channels and broader crypto market trends for guidance. Data from XRP’s past suggests that such rapid growth could occur, though official sources are yet to validate current forecasts.

Another analyst, Great Mattsby, has forecasted a 1,300% surge in the XRP price, coinciding with a notable increase in activity on the XRP Ledger. This surge in activity is marked by significant institutional accumulation of 2.2 billion XRP, indicating a growing interest and confidence in the cryptocurrency. The XRP Ledger's rising activity and institutional accumulation suggest a bullish outlook for the cryptocurrency, with analysts predicting that XRP could exceed its all-time highs. This prediction is based on bullish chart patterns, whale accumulation, and the high odds of ETF approval.

The price of XRP has shown remarkable resilience, breaking above key resistance levels and surging by 70% over the past three weeks. This upward trajectory is driven by renewed momentum, positive regulatory commentary, and broader crypto industry breakthroughs. The rally was fueled by positive SEC commentary and a joint announcement from U.S. financial regulators allowing banks to offer crypto custody services. Increased activity on the XRP Ledger and a decline in SWIFT transaction volumes indicate a growing preference for blockchain solutions in finance. Ripple co-founder Chris Larsen's transfer of over $25 million in XRP to Coinbase further heightened interest and confidence in the cryptocurrency.

The XRP price has also broken out after months of consolidation, soaring nearly 90% from its June lows to hit a new all-time high of $3.65. This followed a long consolidation phase in which XRP displayed impressive resilience at the $1.90–$2 support zone. Despite broader market volatility and a cautious investor tone triggered by ongoing regulatory scrutiny, XRP steadily held key levels, underpinned by the weekly 20 SMA, which helped prevent deeper selloffs. The lack of breakdown below $2 suggested buyers were quietly accumulating. The late June bounce from the $1.90 region was the trigger. In just two weeks, XRP smashed through resistance and retested the $3 level before breaking out completely.

The upward pressure on XRP was catalyzed by remarks from SEC Commissioner, who addressed the crypto community’s concern over XRP spot ETF delays. She clarified that the delay was purely procedural—not a rejection. This was enough to reassure markets, especially as discussions of broader regulatory alignment gained traction. The real breakthrough came with the joint announcement from the Federal Reserve, FDIC, and OCC that U.S. banks could begin offering crypto custody services. This move represented a major green light for institutions and pushed crypto prices higher across the board. Bitcoin shot to a record, and XRP surged to $3.65, reflecting renewed institutional appetite and confidence in crypto legitimacy.

In parallel with XRP’s rally, the XRP Ledger (XRPL) saw a marked rise in activity. Meanwhile, SWIFT—the traditional international payments network—registered a decline in transaction volumes. While the shift is still gradual, it points to increasing traction for blockchain-based solutions in global finance. XRP’s speed and low transaction costs are helping it emerge as a practical alternative to aging banking infrastructure. Further boosting sentiment, reports surfaced that Ripple co-founder Chris Larsen transferred over $25 million worth of XRP to Coinbase, catching the attention of both retail and institutional watchers. While not a direct price driver, the move added to the buzz around XRP’s renewed relevance in the crypto landscape.