XRP’s Sudden Rise: A Scandalous Affair?

by

It is with a degree of astonishment, and perhaps a touch of skepticism, that one observes the recent elevation of XRP’s value. Indeed, a rise of 2.94% to $2.48 over the past twenty-four hours! A most respectable, though somewhat impertinent, outperformance of the general crypto market, which contented itself with a mere 0.9% advance. One suspects a certain… intrigue at play, fueled by the machinations of Ripple and the inevitable curiosity of those substantial figures in the financial world. 🧐

Ripple’s New Venture: A Prime Display of Ambition

On the twenty-fourth of October, Ripple completed the acquisition of Hidden Road, a brokerage of some promise, and has, with a flourish, renamed it Ripple Prime. Rather bold, don’t you think? This establishes Ripple as the first crypto firm to command a global prime brokerage, offering institutions direct access to XRP, Ripple USD, and RLUSD for settlements and as collateral. Such ease of access! One can only imagine the possibilities… and the potential for a decidedly brisk trade across the more than 300,000 FX derivative markets. Truly, a daring scheme!

This development follows a series of acquisitions – five, to be precise, since 2023 – demonstrating Ripple’s relentless pursuit of respectability within established financial circles. It is to be hoped they know what they are about. One should pay particular attention to the proliferation of the RLUSD stablecoin on Ripple Prime, which could further cement XRP’s position in the eyes of traditional investors. A stablecoin, how quaint.

Derivatives and ETFs: A Sign of Serious Intent?

The interest exhibited by institutions is further evidenced by activity in derivatives. Since May of 2025, a rather substantial $26.9 billion in notional XRP options have been traded – an average of $213 million per day! One must concede, it is a rather dizzying sum. A modest 567,000 contracts changed hands, against a daily spot volume of 600 million XRP.

Also Read : XRP ETF Timeline Explained: Will The Price Hit New ATHs?

And now, the first U.S. XRP ETF, christened ECARP, has amassed over $100 million in assets under management! A considerable boon, and no doubt delighting the hedge funds and wealth managers who have deigned to invest. 😮

The CME-listed XRP derivatives exhibit a growing open interest, now reaching 10,100 contracts, an indication, one supposes, of increasing institutional participation. Analysts, those often-optimistic souls, suggest that ETF inflows may alleviate selling pressure, further bolstering XRP’s price. One remains… unconvinced, but willing to be pleasantly surprised.

XRP Price Analysis

From a technical perspective, XRP has reclaimed the $230 support, where a notable 70% of recent activity occurred. The RSI (14) rests at a neutral 39.69, while the MACD flirts with a bullish crossover. All quite technical, and rather beyond the comprehension of many, myself included.

Fibonacci retracement suggests a resistance at $250 (38.2%), aligning with the EMA 30 at $261. A breach of $261, it is predicted, could target $273. However, one must be mindful of potential hazards – 6 million XRP were recently transferred to exchanges, a signal, perhaps, of impending sales from those discerning (and possibly greedy) whales. 🐳

Read More

2025-10-25 14:10