XRP price prediction as Ripple announces funding push for XRP Ledger

robot
Abstract generation in progress

Ripple’s latest funding push for the XRP Ledger is drawing renewed attention to XRP, with traders closely watching whether the ecosystem expansion can translate into sustained price momentum.

Summary

  • Ripple boosts XRPL funding: New grants and investments aim to accelerate DeFi, tokenization, and enterprise adoption.
  • XRP consolidating near $1.40: Price remains range-bound between $1.35 and $1.50 after February volatility.
  • Breakout level to watch: A move above $1.50–$1.60 could signal bullish continuation, while $1.35 remains key support.

While the Ripple token (XRP) remains range-bound near $1.40, the announcement might reinforce bullish long-term sentiment around the network’s growth prospects.

In a recent blog post, Ripple detailed expanded financial backing for developers building on the XRP Ledger (XRPL), including grants and strategic investments targeting compliance-first DeFi, real-world asset (RWA) tokenization, and enterprise-grade blockchain solutions.

The initiative is designed to deepen liquidity, expand institutional participation, and strengthen core infrastructure.

By prioritizing regulated DeFi applications and tokenization frameworks, Ripple is positioning XRPL as a scalable, enterprise-ready network aligned with global financial standards. The move shows Ripple’s strategy of pairing institutional partnerships with grassroots developer growth, a combination that could enhance long-term demand for XRP as a utility asset within the ecosystem.

XRP price analysis

XRP is currently trading around $1.40, up modestly on the day, as price action consolidates following a sharp early-February decline that briefly drove the token toward $1.20 before a rebound.

XRP price prediction as Ripple announces funding push for XRP Ledger - 1XRP price analysis | Source: Crypto.NewsSince that capitulation move, XRP has traded within a tight $1.35–$1.50 range, signaling potential accumulation. Immediate resistance stands near $1.50, with a stronger ceiling around $1.60, where prior rejection occurred.

A confirmed breakout above $1.60 could open the door toward $1.80. On the downside, key support remains at $1.35, followed by the psychological $1.20 level.

Meanwhile, the RSI (14) sits near 42, below the neutral 50 mark, indicating subdued bullish momentum but no longer oversold conditions. Meanwhile, the DMI shows the negative trend line still leading, though the gap is narrowing, suggesting bearish pressure may be weakening.

A decisive move above $1.50, particularly on rising volume, would be needed to confirm a bullish shift.

XRP-2.8%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)