XRP Price Prediction: Bullish Momentum Targets $3 as Legal Clarity and Utility Fuel Optimism

XRP has shown a strong rebound from its key support level at $2.08, sparking renewed bullish sentiment among analysts who now eye the $3 mark. This optimism is driven by Ripple’s improving legal clarity and its growing utility in cross-border payments. Meanwhile, Mutuum Finance (MUTM), an emerging DeFi project, is gaining attention with its Phase 4 presale, offering tokens at $0.025 and attracting over 8,400 buyers. The cryptocurrency market continues to watch these developments closely as XRP and MUTM display promising potential.

XRP Price Prediction: Bounces From Strong Support, Eyeing $3; MUTUM Finance Gaining Traction

XRP has rebounded sharply from key support near $2.08, reigniting bullish sentiment as analysts target the $3 mark. Renewed Optimism around Ripple’s legal clarity and increasing utility in cross-border payments is fueling momentum. Meanwhile, Mutuum Finance (MUTM), an emerging DeFi player, is gaining traction with its Phase 4 presale offering tokens at $0.025. Over 8,400 buyers have acquired tokens, raising a total of $6.9 million. Investors participating in this phase could earn a 140% profit when the token reaches $0.06 at its exchange launch.

HashKey Launches Asia’s First XRP Tracker Fund with Ripple Backing

HashKey Capital has launched Asia’s first XRP tracker fund with Ripple as the anchor investor. This is HashKey’s third crypto tracker, following the launch of Bitcoin and Ethereum ETFs in partnership with Bosera. Vivien Wong, a partner at HashKey Capital, confirmed Ripple’s support for the fund and mentioned plans for more crypto investment tools, including a potential project to tokenize a money market fund on the XRP Ledger.

HashKey Launches Asia’s First XRP Investment Fund for Institutions

HashKey has launched Asia’s first XRP investment fund aimed at professional investors. Ripple is supporting the initiative as an early investor. The fund offers a faster and more cost-effective alternative to traditional cross-border payment systems and aligns with HashKey Capital’s goal of bridging conventional finance with digital asset markets. Investors can subscribe using cash or in-kind contributions and can redeem or subscribe to shares monthly. CF Benchmarks, renowned in global ETF markets, will provide the fund’s benchmark.

Ripple-Backed Hidden Road Achieves Broker-Dealer License Approval

Ripple Labs-owned Hidden Road has announced that its subsidiary, Hidden Road Partners CIV US LLC, has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a FINRA-member broker-dealer. This approval allows Hidden Road to enhance its recently launched fixed income prime brokerage platform, which currently offers Fixed Income Repo and Global Funding services. The designation as a broker-dealer enables Hidden Road to provide both new and existing institutional clients with a comprehensive suite of regulatory-compliant services, including prime brokerage, clearing, and financing for fixed income assets. Noel Kimmel, President at Hidden Road, emphasized the importance of this registration.

XRP Volume Drops Over 20% Amid Market Indecision

Technical indicators like the RSI and Ichimoku Cloud suggest a neutral trend for XRP, with no strong bullish or bearish dominance. The price action remains confined between key support and resistance levels, making the next breakout direction uncertain. The RSI is currently at 46.82, signaling neutral momentum in the market. This neutral zone has persisted since April 7, with the RSI dropping from 57.30 three days ago, indicating a recent decline in buying pressure. This suggests cooling interest or a possible shift in sentiment among traders.