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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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  • Reviewed by: Zameer Attar
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    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

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    Why XRP Price is Up Today?

    XRP Price today surged r 2.94% to $2.48 over the past 24 hours, outperforming the broader crypto market, which saw a modest 0.9% gain. The rally comes amid growing institutional interest, fueled by Ripple’s recent strategic moves and market developments.

    Ripple Prime Launch Boosts Institutional Adoption

    On October 24, Ripple finalized its acquisition of prime brokerage Hidden Road, rebranding it as Ripple Prime. This marks Ripple as the first crypto firm to operate a global multi-asset prime brokerage, providing institutions with direct access to XRP, Ripple USD, and RLUSD for cross-border settlements and collateral. Integration with Ripple’s custody and payment infrastructure is expected to accelerate XRP adoption across more than 300,000 FX derivatives markets.

    The launch follows Ripple’s aggressive expansion, with five major acquisitions since 2023, highlighting the company’s push into institutional finance. Key indicators to watch include RLUSD stablecoin adoption on Ripple Prime, which could further strengthen XRP’s utility in traditional markets.

    XRP Derivatives and ETF Growth Signal Strong Institutional Demand

    Institutional demand for XRP is also reflected in derivatives activity. Since May 2025, XRP options have reached $26.9 billion in notional volume, averaging $213 million per day, while 567K options contracts traded versus a daily spot volume of 600 million XRP. 

    Also Read : XRP ETF Timeline Explained: Will The Price Hit New ATHs?

    Meanwhile, the first U.S. XRP ETF, ECARP, has surpassed $100 million in assets under management (AUM), offering regulated exposure to XRP and attracting interest from hedge funds and wealth managers.

    CME-listed XRP derivatives have seen open interest rise to 10,100 contracts, indicating growing institutional participation. Analysts suggest that ETF inflows could reduce sell pressure, further supporting XRP’s price.

    XRP Price Analysis 

     From a technical standpoint, XRP reclaimed the $230 support level, where 70% of recent volume was traded. The RSI (14) sits at 39.69, indicating neutral momentum, while the MACD nears a bullish crossover. 

    Fibonacci retracement shows 38.2% at $250, aligning with the EMA 30 at $261, suggesting that a break above $261 could target $273.

    However, traders should note potential risks, with 6 million XRP moved to exchanges in the past week, signaling possible selling pressure from whales.

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