- XRP consolidation above ATH signals strong bullish momentum building ahead.
- Mercado Bitcoin will tokenize $200M in assets on the XRP Ledger.
XRP is positioning for a major price move as consolidation extends above its previous all-time high monthly close. Crypto analyst CredibleCrypto reported that XRP has been consolidating for eight months above its prior monthly ATH, previously set near $0.50.
The analyst pointed to what he described as one of the cleanest impulsive price structures since XRP’s inception. As of the latest update, XRP is trading at $2.6246, reflecting a 5% daily gain.
According to Elliott Wave projections, XRP could enter a five-wave parabolic advance, potentially targeting the $30+ range. Compared to Bitcoin’s fifth wave projection toward $150,000, XRP’s technical setup is being described as equally, if not more, structurally bullish.
XRP Ledger to Host $200M in Tokenized Real-World Assets
Ripple announced that Mercado Bitcoin plans to tokenize over $200 million in real-world assets on the XRP Ledger. The move is part of an institutional expansion strategy targeting cross-border regulated markets in Brazil and Europe. Tokenized products will include fixed income and equity instruments issued using Ripple’s infrastructure and Ripple Payments network.
Ripple highlighted XRPL’s speed and security as key reasons for the integration. The announcement underlines XRPL’s increasing relevance in tokenization and institutional finance.
CoinCryptoNewz also reported that Ripple has applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC). The company aims to operate nationwide and bring its RLUSD stablecoin under federal oversight.
XRP Eyes $10 Mark as Technical Setup Strengthens
XRP recently broke out of a descending channel and is now testing the Fibonacci resistance at $3.0555. This level represents the 38.2% retracement zone. A successful close above it could open the door to the next major target of $9.5946.
MACD indicators support this bullish case, with signals showing a potential crossover and declining bearish pressure. XRP is holding above the $2.18 support zone, reinforcing a strong technical base.
Analysts said increasing buying volume could confirm a macro breakout toward $10 in the coming months as optimism builds around Ripple’s regulatory progress and ecosystem growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
