XRP has been trading between $2.00 and $2.60 since early March, with no clear upward or downward trend. This long period of sideways movement has made the market seem quiet, but that could soon change. Several signs—including shifts in trading volume, investor sentiment, and broader market patterns—hint that XRP might be preparing for a major move. If momentum builds, there’s a growing chance the price could break out of its current range and climb into double digits.
Bank of America Embraces XRP Ledger for All Transactions
A bold claim has surfaced on Twitter, stating that Bank of America is now completing 100% of its internal transactions using the XRP Ledger and XRP. According to the post, this major development signals a significant shift in how traditional finance may begin to integrate blockchain technology.
It also highlights the XRP Ledger’s role in unlocking access to the global real estate market, estimated at over $654 trillion. This transformation is reportedly being powered by RealFi and the REAL token, which is said to be deflationary by design, with 20% of its total supply being burned. If accurate, this suggests a significant step toward merging blockchain utility with real-world assets.
Ripple Plans XRPL Upgrade and Wormhole Integration
Ripple has revealed plans to enhance the XRP Ledger (XRPL) with more advanced features, including improved smart contract capabilities and the launch of a new lending system, according to David Schwartz. At the same time, Ripple’s collaboration with Wormhole focuses on enhancing XRPL’s ability to connect with other blockchains, particularly as it prepares to roll out its EVM-compatible sidechain.
Ripple Upgrades Could Boost XRP Demand and Price
Similar to Ethereum’s growth, these enhancements aim to improve scalability and connectivity, potentially increasing XRP’s use in cross-border transactions and decentralized finance. As Ripple builds stronger infrastructure and forges new partnerships, wider adoption may follow, potentially lifting XRP’s price above its present levels.
Key $2.65 Level Could Trigger XRP Rally
TradingView has highlighted that XRP’s next major price surge is likely to kick off once buyers manage to push the price above the $2.65 mark, which currently serves as the upper boundary of its consolidation phase. Surpassing this key resistance could clear the way for XRP to rally toward the $3 level and potentially climb even further, signaling renewed momentum for the cryptocurrency.
Final Thoughts
XRP is at a critical juncture, having remained between $2.00 and $2.60 for some time. Big news, such as Bank of America using the XRP Ledger for all its internal transactions and Ripple’s plans to enhance the network with new features and improved connections with other blockchains, suggests that things might be about to change.
With these upgrades and new partnerships, XRP could break out of its current price range. If it moves above the key $2.65 level, it could quickly rise to $3 or higher. All these signs suggest that XRP could be poised for a significant upward move, as more people adopt it and demand continues to grow.
