XRP News Today: Quantum Biopharma Adds 100K XRP to Crypto Treasury

XRP is making waves again, not just in the charts but also in institutional portfolios. According to lawyer and crypto advocate Bill Morgan, financial data filed with the SEC confirms that Quantum Biopharma has added 100,000 XRP to its crypto treasury earlier this year. The firm already holds Bitcoin, Solana, and Dogecoin, and this move further reinforces the growing trend of diversified institutional crypto adoption.

Challenging Bitcoin Maxis with Real Capital

Morgan, on a serious note, took a subtle jab at Bitcoin maximalists. He pointed out that institutions like Quantum are putting their money where their analysis is, unlike maxis, who often ridicule other assets without offering real financial justification. By spreading their investments across multiple blockchains, Quantum is embracing a multi-chain future, and XRP seems to be a central piece of that strategy.

XRP Price and Derivatives Market Heat Up

In the meantime, the current sentiment for XRP remains mixed. In the last 24 hours, XRP surged nearly 7% to $2.31, riding on a wave of bullish momentum in the broader market. Supporting this upswing, Coinglass reported a 3% rise in XRP open interest, reaching $4.03 billion, which is a sign of intensified capital inflows. The OI-weighted funding rate climbed to 0.0096%, indicating growing leveraged long positions.

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However, the data isn’t entirely bullish. Long liquidations hit $9.27 million in the past 24 hours, slightly outweighing short liquidations at $6.46 million. Yet, the long/short ratio remains balanced at 0.996, showing only a minor tilt against bullish positions.

XRP Faces Key Resistance

Technically, XRP is trying to recover past dynamic resistance levels. Though yesterday’s 3.35% bounce brought it closer to breaking above the 50-day and 100-day EMAs near $2.24. A clean close above these levels could fuel a rally toward the $2.33 trendline, which has been acting as resistance since January.

The MACD indicator flashes a buy signal with growing green histogram bars, but the RSI at 49 suggests a lack of strong momentum. XRP may be at a peak point. All eyes are on whether institutional demand can drive the breakout.

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