XRP (XRP-USD) has pushed firmly above $3, extending its recovery for the third straight day. At press time, the token was trading at $3.12, up 3.59% in the last 24 hours. This follows a bounce from $2.95 earlier this week, with the move now carrying XRP well above its 50-day simple moving average.
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The price action comes as XRP cements its place as the world’s third-largest cryptocurrency by market cap. Investors who once questioned the token’s resilience are watching as XRP continues to prove it can hold key levels and regain momentum after a bruising few years.
ETFs Give XRP New Legitimacy
Part of the boost came from news that the first U.S.-listed XRP spot ETF is set to launch. Asset manager REX Osprey confirmed that its fund, called XRPR, will soon give investors regulated exposure to XRP through a traditional ETF structure.
At the same time, Grayscale secured approval for its Digital Large Cap Fund (GDLC), which will include XRP alongside Bitcoin, Ethereum, Solana (SOL-USD), and Cardano (ADA-USD). According to Grayscale CEO Peter Mintzberg, this will mark the first multi-crypto exchange-traded product to hit the U.S. market under the new listing standards.
These developments matter because they allow mainstream investors to buy XRP without having to directly manage wallets or tokens. It is another step in pulling XRP further into the financial mainstream.
Ripple Partners with DBS and Franklin Templeton
Ripple also added firepower to its institutional ambitions this week. The company announced a new partnership with DBS Bank (DBSDY) and Franklin Templeton to create repo markets powered by tokenized collateral and stablecoins.
The partnership will use the XRP Ledger to support trading and lending solutions for institutions, including tokenized money market funds. Ripple USD (RLUSD), its upcoming stablecoin, will also play a role. This move shows Ripple is building real-world use cases that could bring long-term adoption.
Trader Says XRP Headed to $10
Not everyone is impressed, but some traders believe this is only the beginning. Oscar Ramos, a well-followed crypto trader, warned doubters not to spread fear, uncertainty, and doubt around XRP.
“Do not FUD XRP or you will regret it,” Ramos wrote, adding that the token is on the verge of a bigger move. He predicts XRP will climb to $10 next, citing Ripple’s growing partnerships and institutional support as fuel for the rally.
Whether that target proves accurate remains to be seen. But the combination of ETF approval, new partnerships, and a rising price chart is giving XRP bulls their strongest narrative in years.
At the time of writing, XRP is sitting at $3.1197.
