XRP Price Surges 13% to $3.36 as Ripple Secures Major Acquisition Deal

XRP Price Surges 13% to $3.36 as Ripple Secures Major Acquisition Deal - Blockchain.News

Quick Take

• XRP currently trading at $3.36 (+13.22% in 24h) • XRP RSI at 62.94 shows healthy bullish momentum without overbought conditions • Ripple's $200 million acquisition of stablecoin platform Rail drives institutional confidence

What's Driving Ripple Price Today?

The XRP price surge to $3.36 stems primarily from Ripple's strategic acquisition of Rail, a stablecoin infrastructure company, announced yesterday for $200 million. This move significantly strengthens Ripple's position in the competitive $279 billion stablecoin market, particularly enhancing capabilities for its RLUSD token.

Market sentiment has turned decisively positive as investors anticipate the SEC's decision on Ripple's appeal withdrawal. The regulatory clarity this could provide has pushed XRP price beyond the $3 psychological barrier, with the token breaking through multiple resistance levels in the past 24 hours.

Adding to the bullish momentum, Ripple's RLUSD stablecoin has secured institutional backing from major players including BNY Mellon as custodian and Swiss AMINA Bank as the first direct banking supporter. This institutional adoption validates Ripple's broader ecosystem beyond XRP trading.

The company's valuation milestone of $15 billion, ranking 23rd among global private companies according to CB Insights, further reinforces investor confidence. This valuation surpasses established firms like Klarna, highlighting Ripple's growing market position.

However, the recent rally follows a challenging period where XRP price declined 9% earlier this week due to institutional selling pressure, finding temporary support at $2.75 before the current recovery.

XRP Technical Analysis: Strong Bullish Signals Emerge

Ripple technical analysis reveals robust bullish momentum across multiple timeframes. XRP's RSI reading of 62.94 indicates healthy buying pressure without reaching overbought territory, suggesting room for further upside movement.

The XRP/USDT pair is trading well above all major moving averages, with the current $3.36 price significantly higher than the 200-day SMA at $2.45. This positioning above long-term averages confirms the strong bullish trend that has characterized XRP price action.

XRP's MACD shows a slight bearish divergence with the histogram at -0.0080, though the overall MACD remains positive at 0.0853. This suggests short-term consolidation rather than trend reversal, particularly given the strong underlying fundamentals.

The Bollinger Bands analysis shows XRP trading at 75.43% of the band width, approaching the upper band at $3.56. This positioning indicates strong momentum while highlighting potential resistance ahead.

Ripple's stochastic indicators paint an extremely bullish picture, with %K at 97.04 and %D at 79.43, suggesting XRP price maintains strong upward momentum despite being in overbought territory on this oscillator.

Ripple Price Levels: Key Support and Resistance

Based on Binance spot market data, XRP faces immediate resistance at $3.65, with stronger resistance at $3.66 representing a critical breakout level. The 52-week high of $3.55 serves as another key psychological barrier that XRP has recently challenged.

Ripple support levels provide clear risk management zones for traders. The immediate support sits at $2.73, coinciding with recent consolidation areas. Should this level fail, stronger support at $1.91 represents a major demand zone that has historically attracted institutional buying.

The current XRP price of $3.36 sits comfortably above the pivot point at $3.24, indicating bullish market structure. The 20-day SMA at $3.16 provides dynamic support, while the 50-day SMA at $2.74 offers longer-term trend support.

XRP's daily ATR of $0.20 suggests moderate volatility, providing opportunities for swing traders while maintaining manageable risk levels for position traders.

Should You Buy XRP Now? Risk-Reward Analysis

For aggressive traders, XRP price action presents a compelling risk-reward setup. Entry above $3.40 with stops below $3.24 (pivot support) targets the $3.65-$3.66 resistance zone, offering approximately 1:2 risk-reward ratios.

Conservative investors might consider dollar-cost averaging on any pullback to Ripple support levels around $2.73-$3.16. This approach capitalizes on the strong fundamental backdrop while managing downside risk from potential profit-taking.

Swing traders should monitor XRP's behavior at current levels, as a decisive break above $3.65 could trigger momentum buying toward new yearly highs. Conversely, rejection at resistance with high volume might signal short-term distribution.

The regulatory overhang remains a key risk factor, though recent developments suggest positive resolution probability. Based on Binance spot market data showing $891 million in 24-hour volume, institutional interest remains robust despite earlier selling pressure.

Conclusion

XRP price momentum appears sustainable given the combination of positive fundamental catalysts and supportive technical conditions. The Rail acquisition demonstrates Ripple's strategic expansion beyond traditional payment rails, while potential SEC resolution removes a major uncertainty. Traders should monitor the $3.65 resistance level closely, as a breakout could accelerate the rally toward new yearly highs, while failure might trigger consolidation back to the $3.16-$3.24 support zone.

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