🔹 Price & Technical Action
XRP surged ~6–10% intraday alongside Bitcoin’s rally, with prices jumping from about $2.42 to as high as $2.79. The breakout from a descending wedge pattern accompanied by high volume indicates bullish momentum .
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🔹 Regulatory & Institutional Moves
Ripple nears U.S. banking license, a milestone likely to boost institutional trust and liquidity for XRP .
Ripple partners with BNY Mellon to custody its new stablecoin reserves—another strong signal of deeper integration into traditional finance .
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🔹 Legal Outlook
A court docket cleanup letter indicates that the long-running SEC vs. Ripple lawsuit may be approaching final resolution .
Grayscale has sued the SEC after delays in their multi-crypto ETF approval—which includes XRP—raising questions around the timing and approval of spot crypto ETFs .
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🔹 Ecosystem Developments
A surge of XRP holders (300% increase) are using BJMINING’s cloud-mining services, converting XRP holdings into mining power for passive income .
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🔎 Market Outlook
Analysts are increasingly confident. One suggests potential rallies toward $11–$30 after outperforming key moving averages .
Another notes that 6.6 million XRP holders, ETF buzz, and breakout chart patterns point to a large-scale breakout .
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📝 Summary: XRP continues its strong rally, driven by bullish technicals and positive market sentiment following Ripple’s institutional and regulatory progress. Key upcoming catalysts include banking license approval and the SEC vs. Ripple lawsuit's conclusion. Meanwhile, Grayscale’s legal action around ETF delays adds extra volatility to watch.