XRP, the cryptocurrency at Ripple Labs, surpasses the $3.20 barrier in six months and is now preparing to search for a new historic biggest (ATH).
When this memo was published, The XRP priced at $3.25, with 4.3% below $3.40 We reached January 2025.
If the upward trend continues, the third most valuable digital asset There is the impulse needed to break the final resistance of $3.30the level that served as a roof in previous cycles (2018 and 2025).
To achieve this, it will be the gate to mark a new ATH and enter the price discovery zone. That’s what is known as a price level that investors have never run.
The good performance of XRP is explained in part Ripple Labs is running business expansion.
As reported by Cryptonotics, the American company was associated with the UK company Ctrl Alt to enhance the tokenization of Dubai real estate. The project is backed by the local land sector and uses Ripple’s management technology to record deeds in the XRP Ledger network.
Additionally, on July 9th, Ripple became the leading custodian of Stablecoin Ripple USD (RLUSD) reserves, which began in December 2024.
A few days ago, on July 2nd, the company also submitted a request to obtain a national bank license. If approved, RLUSD will be under direct supervision of the office of the Director-General of La Moneda (OCC).
This allows Ripple to always issue and redeem his Stablecoin in dollars, even outside of the bank’s schedule. It will strengthen trust in its operations.
Finally, it should be noted that Proshares, the investment fund manager, has launched a new fund cited in the Stock Market (ETF) utilised in the futures market based on XRP.
The financial product is called ProShares Ultra XRP ETF (UXRP) and provides daily yields of X2 with XRP. The appearance of these devices can increase XRP visibility among institutional investors and create an upward impulse in price.
