Could Ripple’s ‘Multiple Acquisitions’ and XRP Ledger Upgrades Trigger XRP's Breakout above $2.60?
XRP price has remained between $2.00 and $2.60 since early March, but several factors indicate a potential breakout into double digits. Ripple's acquisition of Hidden Road for $1.25 billion aims to attract institutional investors, with plans for more acquisitions underway. Upgrades to the XRP Ledger (XRPL) will enhance programmability and introduce a new lending protocol, improving scalability and interoperability for cross-border payments and DeFi applications. The launch of CME XRP futures has generated over $542.8 million in trading volume, reflecting strong institutional interest. A potential spot XRP ETF approval is anticipated, with a 76% likelihood by year-end, which could further increase capital inflows. Technical analysis suggests XRP may break out above $2.65, potentially reaching prices between $8 and $30.
