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XRP surges 12% as Ripple secures $500M funding, new Mastercard partnership, and major on-chain wallet growth. XRP price eyes breakout above key $2.35 resistance.
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Ripple’s $40B valuation, RLUSD stablecoin adoption, and soaring XRPL activity fuel XRP rally. Analysts predict key XRP price targets at $2.50, $2.70, and beyond.
The crypto market is flashing green again after yesterday’s crowd-driven sell-off, signaling a swift shift in sentiment. Bitcoin (BTC) has rebounded above $103,800, while Ethereum (ETH) is back to $3,440, marking a sharp recovery. Amid the broader rebound, XRP has emerged as one of the day’s strongest performers, rallying over 12% in the past 24 hours.
XRP Price Today
At the time of writing, XRP is trading around $2.30, after bouncing from support near $2.15. The token has regained strong traction following a steep sell-off earlier this week, reflecting renewed investor confidence and growing network activity.
Why Is XRP Price Surging?
The latest XRP rally can be attributed to a mix of on-chain growth, fresh institutional partnerships, and major funding announcements from Ripple, all of which have fueled optimism across the XRP ecosystem.
- Ripple announced a $500 million funding round led by Fortress Investment Group and Citadel Securities, pushing its valuation to $40 billion. The round saw participation from major players like Pantera Capital, Galaxy Digital, and Brevan Howard, underscoring institutional confidence in Ripple’s long-term vision.
- Over $95 billion in total payments processed
- $1 billion+ RLUSD stablecoin market cap
- 75 global regulatory licenses and 6 acquisitions in two years
- Analysts believe this scale of backing could pave the way for a potential Ripple IPO in 2026, a development that would significantly boost XRP’s market appeal.
- Ripple also unveiled a partnership with Mastercard, WebBank, and Gemini to integrate its new stablecoin, Ripple USD (RLUSD), for fiat credit card settlements on the XRP Ledger (XRPL).
- The collaboration will launch the Gemini XRP Credit Card, offering faster, transparent, and compliant cross-border payments.
- Ripple stated the initiative “sets a new benchmark for institutional efficiency”, signaling growing adoption of XRPL in mainstream finance.
- XRP Ledger Activity Surges, According to Santiment’s On-chain data, 21,595 new XRP wallets were created in just 48 hours, marking the largest growth in eight months. This spike in wallet creation aligns with rising on-chain transaction volume, suggesting a new wave of investors entering the XRP ecosystem.
XRP Price Analysis: What’s Next?
Technically, XRP is attempting to reclaim momentum after rebounding from the $2.15 support zone.
- Support Levels: $2.15, $2.00
- Resistance Levels: $2.35, $2.50, $2.70
A confirmed break above $2.35 could trigger a quick squeeze toward $2.50, potentially leading to a retest of $2.70. However, rejection at this zone might drag XRP back to the $2.15–$2.00 range.
On the higher time frame, the broader bullish outlook remains intact as long as XRP holds above $1.75. A breakout above $2.69–$2.84 could open the door for an extended rally toward $3.40, with an eventual target near the $5 region if market sentiment continues improving.
Despite short-term volatility, XRP’s fundamentals are strengthening rapidly, driven by expanding real-world utility, new enterprise integrations, and rising investor participation. With Ripple’s stablecoin (RLUSD) gaining traction and institutional capital flowing in, analysts expect XRP to remain one of the key altcoins to watch in the coming weeks.