XRP Soars to $2.40 Amid Ripple’s Strategic Partnership with BNY Mellon for RLUSD Custody
XRP has surged to $2.40 this week, driven by a combination of technical bullishness and a groundbreaking partnership between Ripple and BNY Mellon. The banking giant has been appointed as the custodian for Ripple's dollar-pegged stablecoin, RLUSD, marking a significant step toward institutional adoption and credibility for the XRP ecosystem. Technical indicators are overwhelmingly positive, with the 20-period EMA crossing above key moving averages, signaling strong buyer dominance. As of July 27, 2025, XRP's position near the upper bounds of its trading range suggests further upside potential. This development underscores Ripple's growing influence in the financial sector and highlights the increasing institutional interest in digital assets.
XRP Tests $2.40 as Ripple Partners with BNY Mellon for RLUSD Custody
XRP surged to $2.40 this week, buoyed by technical bullishness and Ripple's strategic alliance with BNY Mellon. The banking giant now serves as custodian for Ripple's dollar-pegged stablecoin RLUSD, injecting institutional credibility into the ecosystem.
Technical indicators flash green across timeframes. The 20-period EMA's crossover above key moving averages signals buyer dominance, while XRP's position NEAR the upper Bollinger Band suggests volatility may fuel further upside. A sustained break above $2.40 could open the path to $2.70.
Market Optimism grows as regulatory clarity advances. The token's reclaiming of the 0.382 Fibonacci level at $2.268—untouched since May—marks a potential inflection point. Trading volume and open interest suggest conviction behind the move.
Senate Banking Committee Expresses Skepticism Over Crypto Self-Regulation
Republican and Democratic senators voiced concerns during a Senate Banking Committee hearing about a proposed crypto market structure bill, with particular apprehension around allowing the industry to self-regulate. Sen. John Kennedy (R-LA) likened the potential outcome to a spilled urine sample, referencing Congress's past experience with tech giants writing their own rules.
The hearing focused on perceived loopholes in the House's CLARITY Act, which is set for a vote next week. Ripple CEO Brad Garlinghouse and other crypto leaders faced pointed questions about the risks of inadequate oversight in the rapidly evolving digital asset space.
XRP Price Surges Amid Ripple’s Regulatory Push & Institutional Backing
XRP's price has surged following a series of strategic moves by Ripple, including its application for a U.S. banking license and plans for a USD-backed stablecoin. These developments signal Ripple's intent to bridge cryptocurrency with traditional finance, bolstering investor confidence.
The application for a national banking charter, if approved, WOULD position Ripple as a federally regulated trust bank, enabling expanded services like digital asset custody and payment settlements under U.S. banking law. CEO Brad Garlinghouse's recent appearance before the U.S. Senate further underscores the company's push for regulatory clarity.
Market momentum has shifted in favor of buyers, with XRP gaining value amid improving fundamentals and macroeconomic conditions. The asset's long-term utility is now being reassessed as Ripple cements its role in the evolving financial landscape.
Could XRP Price Repeat Its 2017 Breakout and Surge Past $5?
XRP has completed a 32-week consolidation phase, drawing striking parallels to its pre-breakout pattern in 2017. Analysts note the cryptocurrency now sits at a critical juncture, with Week 33 potentially triggering a significant upward move.
The current technical setup mirrors 2017's structure, where a similar consolidation preceded a historic rally. Key resistance levels have been breached, with XRP holding firmly above $2.32 amid strengthening momentum.
Chart patterns reveal a multi-year symmetrical triangle breakout, suggesting the foundation for a substantial price movement may be in place. Market observers are watching for confirmation of this bullish thesis in the coming weeks.
Ripple (XRP) Surges to $2.39 Amid Bullish Momentum and Regulatory Optimism
Ripple's XRP rallied to $2.39, marking a 3.50% gain in 24 hours as bullish technical indicators and favorable developments converge. The cryptocurrency benefits from lingering optimism around its partial SEC lawsuit victory in 2023, with fresh reports suggesting further regulatory clarity may emerge.
Global adoption of Ripple's On-Demand Liquidity solutions accelerates, particularly in Europe and Asia-Pacific corridors. Blockchain analytics reveal heightened whale accumulation, signaling institutional interest. Traders eye key resistance levels for potential breakout opportunities as momentum builds.
XRP Price Forecast: Analyst Predicts Potential 455% to 2,000% Rally
XRP may be on the verge of one of its most significant rallies yet, according to prominent crypto analyst EGRAG Crypto. Historical patterns and technical indicators suggest a potential breakout, with conservative estimates pointing to $9.50 and more aggressive projections reaching $37.50—a 455% to 2,000% surge from current levels.
EGRAG's analysis highlights a recurring three-stage pattern in XRP's price cycles: a breakout above the Exponential Moving Average (EMA), a retest, and an explosive rally. The 2017 cycle saw XRP gain over 2,000%, peaking at $3.80, while the 2021 cycle delivered a 455% surge to $1.96. The recent EMA retest in April 2025 signals a similar bullish phase may be underway.
Short-term charts also show upward momentum, with XRP testing key resistance levels. "The structure is maturing as expected," EGRAG noted, emphasizing the alignment of technical and cyclical factors for a major price movement.
