Is XRP Price Ready for Crypto Summer? Here is Why Wall Street is Bullish
XRP price has recently experienced a rebound from a crucial multi-month support level, signaling potential bullish momentum. After the crypto capitulation on Tuesday, where $20 billion was wiped out from leveraged traders, XRP has bounced back from its support level of around $2.2.
Despite the rebound, XRP has faced resistance around $2.6, mainly due to the broader crypto-long squeeze. However, in the daily timeframe, the XRP/USD pair is showing signs of a potential reversal pattern. While the XRP/USD pair has been forming lower lows since the October 11 crash, the Relative Strength Index (RSI) has been forming rising divergence, indicating a possible market reversal in the near future.
Ripple, the company behind XRP, has been focusing on building infrastructure for mainstream adoption of XRP following the closure of the U.S. SEC lawsuit. Institutional investors have been diversifying their crypto portfolios away from Bitcoin and Ethereum, thanks to regulatory clarity in the United States. Ripple has made strategic acquisitions throughout the year, such as Hidden Road, GTreasury, and Rail, to facilitate institutional investors building on XRP.
During the Swell 2025 event, Ripple announced partnerships with Mastercard, WebBank, and Gemini to use RLUSD on the XRP Ledger for settling fiat credit card transactions on-chain. Additionally, Ripple secured a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities.
Institutional investors have also been building on XRP through spot exchange-traded funds (ETFs) and Digital Asset Treasury (DAT) companies like Evernorth. The listing of spot XRP ETFs is expected to happen under generic listing standards, further fueling the demand for XRP among institutional investors.
With the anticipation of the Fed’s Quantitative Easing (QE), the demand for XRP is likely to increase even more, as institutional investors continue to show interest in the digital asset. Overall, the future looks promising for XRP as it gears up for a potential breakout amidst bullish momentum and institutional support.
