XRP was little changed over the past 24 hours, rising from $2.194 to $2.264 and defying the broader digital asset market’s uncertainty. The token’s rally comes amid intensifying global trade tensions, with major economies implementing new tariffs that have rattled markets.
Despite these headwinds — and a second consecutive week of institutional outflows totaling $28.2 million as reported by CoinShares — XRP has shown resilience, underscoring its potential utility in cross-border payments.
The U.S. government’s Digital Asset Stockpile, announced in March 2025 and which includes XRP, continues to provide a solid fundamental backdrop even as price consolidation tests investor confidence.
News Background
- Ripple CEO Brad Garlinghouse denied plans to acquire Circle but has expanded its stablecoin strategy with RLUSD, positioning it as on-ledger collateral on the XRP Ledger.
- Ripple’s acquisition of Hidden Road hints at ambitions beyond traditional crypto applications, focusing on infrastructure and bridging the gap between decentralized finance and traditional finance.
- In the UAE, Ripple is working on tokenized real estate, turning theory into practice with tangible asset experiments.
Technical Analysis Recap
- XRP climbed from $2.194 to $2.264 over the past 24 hours.
- Price action formed a clear uptrend with strong support at $2.190-$2.195, despite institutional outflows.
- Resistance emerged at $2.284 during the 19:00 hour, with volume spiking to 39.6 million.
- A notable breakout occurred during the 15:00 hour, where XRP surged 2.5% on volume of 84.7 million units.
- XRP faced a modest pullback to $2.255 before rebounding in the final hour, climbing 0.9% from $2.260 to $2.265.
- The final 15 minutes of trading saw particularly strong momentum, with higher lows and increasing volume indicating bullish sentiment.
Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
