A new update has been made available for clients using the digital platform provided for institutional traders, allowing them to access the Ripple USD (RLUSD) stablecoin. Unlike more volatile cryptocurrencies such as Bitcoin and Ethereum, stablecoins are designed to maintain a consistent value, making them appealing to many investors who are deterred by the significant price fluctuations often associated with traditional cryptocurrencies. Stablecoins like RLUSD achieve this stability by being pegged to other assets, which may include other cryptocurrencies, fiat currency, or commodities that are traded on exchanges.
Recent analysis of the XRPUSD hourly chart shows an upward price movement after a bounce at a critical horizontal level, indicating that the market may encounter resistance soon. A successful breakout could trigger further increases in price.
The inclusion of RLUSD is part of a broader initiative to enhance the infrastructure for institutional trading, which involves entities capable of making investments not available to regular retail traders. This space encompasses various players, such as banks, investment firms, and other financial institutions, who have specific investment capabilities. The addition of RLUSD aims to provide institutions with more access to liquid assets within a transparent trading environment.
In another development, the firm recently made headlines with the acquisition of FX HedgePool, a service that specializes in matching institutional swaps. This move builds upon a previously completed acquisition of Cürex’s foreign exchange business, further strengthening their foothold in the foreign exchange market. FX HedgePool brings in valuable expertise in swaps and forwards, thereby enhancing the service offerings to existing institutional clients engaged in FX trading.
In terms of pricing analysis for XRP, the hourly chart indicates that the 2.22600 level has proven to be a significant support zone, as seen by the consolidation of prices at this mark before a notable upward movement occurred, forming a bullish engulfing candle. This price behavior suggests potential for continued positive momentum.
The target resistance level is identified at 2.37350, where the price has faced challenges in the past. Buyers are likely to look for a sustained breakout above this resistance to maintain upward progress. Conversely, if the price meets resistance at this level, it could result in a deceleration of price movement, or trigger a bearish trend on shorter timeframes.
In addition, insights from DeepSeek AI predict the price range of XRP could reach between $3.50 and $5.00 by the end of 2025. Positive developments regarding the ongoing legal challenges faced by Ripple are expected to build investor confidence and increase institutional adoption, showcasing a 70% probability of a favorable outcome in the legal proceedings. Additionally, heightened usage of Ripple’s On-Demand Liquidity platform among financial institutions stands to bolster XRP demand, potentially driving up its value as broader market sentiment—particularly Bitcoin’s performance and general economic conditions—also plays a critical role in influencing XRP’s market trajectory.