XRP extended its rally following dovish comments by Federal Reserve Chair Jerome Powell at Jackson Hole, reaching intraday highs of $3.09 as institutional trading volumes surged. On-chain data from Kaiko indicates that large buy orders from U.S.-based investment funds drove over $150 million in XRP exchange inflows on Monday, reflecting renewed confidence in the token’s prospects after the conclusion of Ripple’s protracted litigation with the U.S. Securities and Exchange Commission. This regulatory clarity has unlocked new capital, with traded volume on major derivatives venues increasing by 35% over the past 24 hours.
Analysts at CD Analytics and Amberdata have identified key resistance levels near $3.20 and $3.50, noting that a decisive break above these thresholds could trigger rapid extensions toward $5–$8, driven by reduced supply on exchanges and growing institutional allocations. Network metrics show a decline in supply held on centralized exchanges to historic lows, suggesting accumulation by long-term investors and custodial services. Meanwhile, open interest in XRP futures rose by 22% as traders positioned for a continued upside move, with cash-and-carry arbitrage desks adjusting funding strategies to manage basis spreads.
The report also highlighted emerging use cases for XRP in cross-border settlement corridors, where its distributed ledger technology offers sub-second transaction finality and low friction. Regional banks in the Middle East and Asia are conducting pilot projects to integrate XRP liquidity rails for corporate payment flows, potentially tapping into multibillion-dollar remittance corridors. As macroeconomic conditions evolve, including potential rate cuts later in the year, XRP’s yield-bearing gateway products and institutional derivatives offerings may attract further inflows, reinforcing the token’s role as a bridge asset for on-chain and off-chain treasury operations.
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