Zinger Key Points
- Ripple secures major legal victory and announces a stablecoin partnership with BNY.
- Traders target a breakout to $2.60, calling this the final blow-off phase for XRP.
- Get daily-updated rankings across momentum, growth, value, trends, and quality to spot the strongest stocks in any market.
XRP XRP/USD has been gaining momentum, with a partnership with BNY on stablecoin custody fueling speculation that a breakout for the token may be close.
Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
XRP | XRP/USD | $2.37 | $140.5 billion | +4.9% |
Bitcoin | BTC/USD | $109,268.24 | $2.17 trillion | -0.3% |
Ethereum | ETH/USD | $2,660.94 | $321.2 billion | +3.1% |
Trader Notes: Crypto chart analyst Ali Martinez has identified a breakout pattern for XRP, setting a near-term target at $2.60.
More Crypto Online also sees XRP tracking its projected bullish path, maintaining a target of $2.57, provided it holds key support above $2.245.
Another trader, Mags, says XRP has entered its final blow-off stage, a phase that historically leads to rapid price acceleration.
Statistics: Coinglass data shows XRP open interest spiking by 12.2% to $5.5 billion in a single day, while derivatives trading volume expanded by 7.2%. Options volume and open interest jumped by 239% and 8.3%.
Liquidations in the past 24 hours hit $7.5 million, with shorts accounting for $6.3 million, suggesting a powerful short squeeze is underway.
Community News: Ripple CEO Brad Garlinghouse testified that Ripple was the first major U.S. company sued by the SEC back in 2020.
He called the case a "death threat" to the industry.
Four years later, Ripple emerged victorious, with XRP legally not classified as a security, a landmark win for the crypto space.
In parallel, Ripple announced BNY Mellon will act as primary custodian for its stablecoin RLUSD's reserves.
Launched in December 2024, RLUSD has already exceeded $500 million in circulation, placing it among the top 20 USD stablecoins.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.