Latest XRP news: Price drop and optimism for institutional adoption
XRP has been under pressure, with its current price hovering around $2.12-$2.19, representing a 4.44% drop in the last 24 hours. This decline is framed within a broader cryptocurrency market correction and has caused the RSI indicator to show 'oversold' levels. Volatility and declining trading volume suggest possible weakness in bullish momentum.
Key updates:
Despite the price drop, there are news injecting optimism about institutional adoption and future developments of XRP:
* Institutional interest:
* There are rumors of a possible collaboration between Aramco, the Saudi oil giant, and XRP in an asset tokenization agreement.
* VivoPower, a company listed on Nasdaq, plans to invest $121 million in XRP for its treasury.
* Webus International Limited is exploring a funding strategy of up to $300 million to establish an XRP reserve fund for its global payment solutions.
* The launch of an XRP lending platform for U.S. public companies is anticipated in the third quarter of 2025.
* Regulatory advancements:
* Despite the current uncertainty with the SEC, the odds of approval for an XRP ETF have increased to 83% on Polymarket.
* The SEC has already initiated the formal review of WisdomTree's spot XRP ETF application.
* Ripple has argued to the SEC that fungible cryptocurrencies in secondary sales should not be considered securities.
* Acquisitions and projections:
* Ripple acquired Hidden Road, which has launched OTC cryptocurrency swaps in the U.S., expanding options for its clients.
* Analysts project a potential 48% rebound in XRP if the ETF is approved, with some suggesting a long-term potential of $3.40 or more.
In summary, although XRP faces challenges in the short-term market, growing institutional adoption and regulatory advancements could be key factors for its future performance.
