XRP currently priced at $2.08, showing a 13.7% increase from last week’s low of $1.93
Ripple’s $1.25 billion acquisition of Hidden Road aims to integrate XRP into traditional finance
Coinbase recently launched CFTC-regulated XRP futures contracts through its derivatives arm
XRP network activity surged by 67.5% between April 19-20, ahead of Coinbase’s XRP futures debut
Some analysts project long-term price targets as high as $100, potentially between 2035-2040
XRP is holding steady at $2.08, marking a 13.7% recovery from last week’s low of $1.93. The price action has formed what technical analysts describe as a bull flag pattern, typically indicating potential for continued upward movement.
Support currently sits at $2.08, with traders focused on the critical $2.15 resistance level. If broken, this could open paths to targets at $2.28 and $2.35, which align with Fibonacci extension levels that many traders use for price projections.
The cryptocurrency has shown resilience by maintaining its position above the $2 mark despite broader market uncertainty. This stability has encouraged both retail investors and larger market participants to continue accumulating the digital asset.
Ripple’s recent $1.25 billion acquisition of prime broker Hidden Road represents a major strategic move. Hidden Road is an established player in institutional finance that processes over $10 billion in daily transactions.
The acquisition aims to integrate the XRP Ledger into traditional finance systems. This could reduce settlement times from the current standard of 24 hours to just 3-5 seconds.
This development positions XRP as a contender for institutional-grade settlement solutions. The integration complements Ripple’s existing infrastructure and could drive increased adoption among financial institutions.
Ripple’s RLUSD stablecoin is also gaining traction in the market. Fully backed by USD deposits and cash equivalents, it has reached a market cap of $244 million since its December launch.
The stablecoin is now being incorporated into Hidden Road’s collateral services. This expands Ripple’s presence in cross-border payments, creating a bridge between digital assets and traditional finance.
Coinbase Launches XRP Futures with Regulatory Approval
In another development boosting XRP’s institutional access, Coinbase has launched CFTC-regulated XRP futures contracts through its derivatives arm. The launch received regulatory approval after Coinbase filed to self-certify the product earlier this month.
The futures contracts went live on April 21, following a timely endorsement from the Commodity Futures Trading Commission. This approval comes amid the CFTC’s recent efforts to ease entry barriers into the crypto derivatives sector.
On-chain data shows XRP active addresses increased dramatically just before the futures launch. The number of active addresses jumped from 27,352 to 40,366 between April 19 and April 20, representing a 67.5% surge in network activity.
This spike suggests growing engagement from both retail and institutional participants. Many market observers believe this increased activity directly relates to the anticipated expansion of market access through derivatives.
Market Sentiment and Price Projections
Despite these positive developments, XRP’s spot price has seen a modest decline of 1.26% in the past 24 hours. This reflects the broader market consolidation and investor caution typical during periods of structural change.
For technical traders, XRP remains in a tight range between support at $2.04 and resistance at $2.15. A breakout above $2.15 could put higher targets of $2.18 and $2.24 in play, while the long-term trendline remains intact.
Some market analysts maintain highly optimistic long-term projections. Edoardo Farina, founder of trading group Alpha Lions Academy, suggests that holding 1,000 XRP tokens could yield life-changing returns in the coming years.
Holding just 1,000 $XRP could be a life-changing decision in the years to come.
More conservative analysis from market resource Changelly projects XRP could reach $100 between 2034 and 2040. Telegaon offers similar timeframes, suggesting the $100 milestone might materialize between 2035 and 2040.
These projections would require substantial growth from the current $2.08 price point. At $100, XRP would need to achieve a 4,900% increase from today’s valuation.
Data from Santiment confirms that investors across various size categories have been accumulating XRP since February. Addresses holding between 1,000 and 100 million XRP tokens have collectively added 1.63 billion tokens worth over $3.2 billion during this period.
The next key level for traders to watch remains the $2.15 resistance zone. A clean break above this level with increased volume would likely confirm the continuation of the bullish pattern currently forming on the charts.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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