XRP Price Prediction: $3 Target in Sight as Technicals and Fundamentals Align

#XRP

• Technical Breakout: XRP is testing upper Bollinger Band with MACD showing bullish convergence
• Fundamental Catalysts: Institutional adoption and regulatory clarity are improving market structure
• Price Targets: $2.50 acts as psychological resistance before potential move to $3

XRP Price Prediction

XRP Technical Analysis: Bullish Signals Emerge as Price Tests Key Levels

XRP is currently trading at 2.5711 USDT, above its 20-day moving average (2.2451), signaling bullish momentum. The MACD histogram shows a narrowing bearish divergence (-0.0627), suggesting weakening downward pressure. Bollinger Bands indicate the price is testing the upper band (2.5045), which could act as resistance. 'The technical setup shows XRP is building momentum for a potential breakout,' says BTCC financial analyst Emma. 'A sustained move above the 20-day MA and upper Bollinger Band WOULD confirm bullish control.'

XRP Market Sentiment: Institutional Adoption and Legal Optimism Fuel Rally

Positive news flow is supporting XRP's price action. BNY Mellon's custody partnership for Ripple's stablecoin highlights growing institutional adoption. Legal developments, including Ripple's partial SEC victory and John Deaton's lawsuit, are creating regulatory clarity. 'The market is reacting to three key catalysts,' notes BTCC's Emma. 'Institutional partnerships mirroring 2017's bull run, whale accumulation NEAR $2.50, and CEO Garlinghouse's $2T stablecoin prediction are all contributing to bullish sentiment.'

Factors Influencing XRP's Price

BNY Mellon to Custody Reserves for Ripple’s RLUSD Stablecoin

Ripple has secured a pivotal partnership with BNY Mellon, the oldest U.S. bank, to custody the dollar reserves backing its RLUSD stablecoin. The move underscores institutional confidence as RLUSD circulation surpasses $500 million.

BNY Mellon, with $52 trillion in assets under custody, will ensure 1:1 backing via cash or short-term Treasuries—mirroring money-market fund standards. The bank’s digital asset division, launched in 2021, continues bridging traditional finance and blockchain.

RLUSD’s growth reflects broader momentum for regulated stablecoins, with Ripple leveraging BNY Mellon’s custodial rigor to bolster trust in its dollar-pegged token.

XRP Price Prediction: Chart Mirrors 2017 Rally—$5 Breakout in Sight?

XRP's current price action is drawing striking parallels to its historic 2017 bull run, with technical indicators suggesting potential for a major upward move. The cryptocurrency has solidified its position above $2.40, demonstrating resilience against market fluctuations.

Trading at $2.42 with a 4.5% daily gain, XRP shows stronger momentum than both Bitcoin and Ethereum in recent sessions. A newly formed bullish trendline anchors support near $2.38, while resistance at $2.45 presents the immediate challenge for bulls.

Market technicians highlight the significance of a breakout above $2.45, which could trigger moves toward $2.60 and potentially test higher psychological barriers at $2.75. The 100-hour moving average provides additional confirmation of the bullish structure.

XRP Tests $2.46 Barrier Amid Bullish Momentum and Regulatory Optimism

XRP surged 2.6% during the July 9-10 trading session, peaking at $2.46 before profit-taking trimmed gains. The rally was fueled by a volume spike to 78.3 million tokens at 07:00 UTC on July 10, breaching key resistance at $2.43. Price action oscillated between $2.351 and $2.443, reflecting 3.85% intraday volatility.

Regulatory tailwinds emerged as Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee, emphasizing XRP's compliance across 60 jurisdictions. Institutional holdings reached record levels—2,743 wallets now custody over 1 million XRP each, aggregating 47.32 billion tokens. Daily trading volume jumped 74% to $4.54 billion, signaling growing confidence in impending regulatory clarity.

XRP Lawyer John Deaton Sues Linqto Founder Over Alleged Securities Fraud Scheme

Prominent XRP attorney John Deaton has initiated a class action lawsuit against William Sarris, founder and former CEO of Linqto, alleging a multi-year securities fraud scheme. The complaint centers on unlicensed offerings and deceptive sales practices impacting thousands of retail investors.

The legal filing claims Sarris orchestrated undisclosed markups as high as 60% on shares of private companies like Ripple, Uphold, and Kraken through Special Purpose Vehicles. Internal memos from 2023-2024 reportedly warned these practices violated multiple federal securities laws.

Deaton's action highlights growing regulatory scrutiny in digital asset markets. The case underscores the importance of compliance as the SEC and FINRA intensify oversight of alternative investment platforms.

Ripple CEO Brad Garlinghouse Predicts $2 Trillion Stablecoin Market Boom

Ripple CEO Brad Garlinghouse forecasts explosive growth for the stablecoin sector, projecting a near-tenfold expansion from $250 billion to $2 trillion within years. Institutional demand and regulatory clarity are driving this seismic shift, with Garlinghouse calling the development "profound." The prediction aligns with U.S. Treasury Secretary Scott Bessent's recent comments on dollar-linked stablecoins reinforcing global dollar dominance.

Ripple's strategic entry into the stablecoin arena comes with RLUSD, launched after years of leveraging third-party solutions. The move signals recognition of growing enterprise demand for compliant crypto instruments. BNY Mellon's custodial endorsement of RLUSD marks a watershed moment—traditional finance is now validating stablecoins as legitimate financial tools.

XRP Whales Accumulate as Price Nears $2.50, $3 Target in Sight

XRP has surged to $2.43, its highest level since May, as on-chain data reveals sustained accumulation by large holders. Santiment reports 2,742 wallets now hold at least 1 million XRP—just one address shy of the all-time record—collectively controlling 47.32 billion tokens. This whale activity typically precedes significant price movements.

Ripple's ongoing advocacy for U.S. regulatory clarity adds fundamental support to the technical bullish case. The combination of institutional buying pressure and improving regulatory prospects has traders speculating about a potential breakout above $3, which would mark a 23% gain from current levels.

Ripple CEO Celebrates Partial Victory in SEC Lawsuit, but Legal Battle Lingers

Ripple CEO Brad Garlinghouse hailed a pivotal court ruling that declared XRP not a security, marking a significant milestone in the company's four-year legal clash with the U.S. Securities and Exchange Commission. Speaking at a Senate Banking Committee hearing, Garlinghouse framed the decision as a watershed moment for crypto regulation—one that establishes precedent for other industry players fighting similar battles.

The victory comes with an asterisk. Former SEC attorney Marc Fagel notes the agency still must formally dismiss its appeal, a process typically requiring 1-2 months for internal voting procedures. Neither party has withdrawn pending appeals as of this reporting.

Garlinghouse used the platform to criticize America's "regulation by enforcement" approach, arguing it has driven blockchain innovation offshore while failing to protect consumers. The comments underscore growing tensions between crypto firms and regulators struggling to fit decentralized assets into traditional securities frameworks.

Will XRP Price Hit 3?

Technical and fundamental factors suggest XRP has a strong chance of reaching $3. The current price (2.5711) needs to break through immediate resistance at 2.5045 (upper Bollinger Band) and then the psychological $2.50 level. Key supporting factors include:

'Given the technical setup and positive catalysts, $3 appears achievable in the near term,' concludes BTCC's Emma. 'The $2.50 level will be critical - a clean break could accelerate momentum toward our target.'