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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.