XRP Hits Seven-Day High at $2.19 as Accumulation and Bullish Signals Fuel Rally
XRP has surged to a weekly high of $2.19, marking a notable recovery from its year-to-date low of $1.61 in early April. Increased accumulation by holders and bullish technical indicators suggest potential for further gains.
XRP Surges to Weekly High Amid Increased Demand
XRP has seen a significant surge, reaching a seven-day high of $2.19. Since its year-to-date low of $1.61 on April 7, holders have been accumulating the asset, driving up its value. Technical indicators, including a golden cross on the MACD, suggest that the gains may continue. The MACD indicator measures an asset’s price trends and momentum, and forms a golden cross when its MACD line crosses above its signal line, often viewed as a key signal of a shift toward long-term upside.
XRP Set To Skyrocket 500% — Could It Dethrone Ethereum By 2028?
XRP is making a strong comeback among the major contenders at the top of the crypto market. Standard Chartered anticipates a surge of 500% by 2028, enough to surpass Ethereum in market capitalization. Such a scenario would place Ripple at the heart of the new digital balances, just behind Bitcoin. This rise is supported by the momentum of tokenization, the increasing commitment of institutions, and a regulatory environment on the path to improvement. In a report published on Tuesday, April 8, 2025, Geoffrey Kendrick, global head of crypto research at Standard Chartered, predicts that the price of XRP will reach $12.50 by the end of 2028, representing a 500% increase. The hierarchy of cryptos could be about to shift.
Ripple Acquires Hidden Road for $1.25 Billion, Highlighting Crypto-TradFi Convergence
Ripple, a prominent cryptocurrency firm, has purchased prime brokerage Hidden Road for $1.25 billion. The deal underscores the merging of decentralization and traditional finance. Crypto analyst and Coin Bureau CEO Nic Puckrin views this as a positive trend for Ripple’s blockchain adoption and the price of XRP. The transaction, expected to close by the third quarter of this year, will be mostly cash-based, with a portion paid in XRP tokens and Ripple stock. Hidden Road, which handled $3 trillion in fund transfers in 2024, started during a crypto downturn but now operates in a different scenario where attitudes toward crypto have changed.
XRP at Critical Crossroads: $1.30 Target Looms
The fourth-largest cryptocurrency, XRP, has slipped to a 3-month low after dropping below the psychological price of $2. On-chain metrics have been bearish, with XRP’s open interest declining by 3.78%, signaling decreasing market activity as traders exit their positions. Renowned market analyst Ali Martinez believes that XRP is breaking out of a head-and-shoulders pattern, setting the stage for a potential move to $1.30, indicating a trend reversal.
