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XRP Bursts 12% Higher as Ripple Taps BNY Mellon. This Is Just the Start! 

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XRP surged 12% after Ripple named BNY Mellon as custodian for its stablecoin.

XRP Bursts 12% Higher as Ripple Taps BNY Mellon. This Is Just the Start! 

XRP (XRP-USD) is back in motion. After weeks of range-bound churn, the token surged 12% following Ripple’s announcement that BNY Mellon will act as the primary custodian for its RLUSD stablecoin. It’s a move that could finally push XRP from speculative altcoin to serious layer-one utility play — and traders are already pricing that in.

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The rally has XRP hovering around $2.36, with technical setups hinting at targets as high as $2.87 in the short term and $3.72 if the broader structure plays out. There’s no hype here — just a solid chart, a credible narrative, and heavyweight backing from legacy finance.

Ripple Just Anchored Itself to Wall Street’s Oldest Bank

The deal to bring BNY Mellon, a 240-year-old banking giant, on board as the RLUSD custodian is no small partnership. It places Ripple’s stablecoin strategy in a different league and signals long-term infrastructure building. The stablecoin, which currently runs on both Ethereum and the XRP Ledger (XRPL), still sees 87% of its activity on Ethereum, according to DefiLlama.

But the intent is clear. Ripple is playing for migration. If RLUSD activity starts shifting meaningfully to XRPL, XRP becomes the underlying asset supporting stablecoin liquidity and settlements — with better fees and speed than Ethereum.

Analysts like Crypto Eri are already framing this as a long-game pivot. XRP holders are being asked for patience, but the roadmap is coming into focus: native smart contract functionality, native stablecoin traffic, and now, big-bank validation.

A Breakout the XRP Charts Were Begging For

Technically, XRP just cleared a major inverse head-and-shoulders pattern on the daily chart, flipping $2.30 from resistance to support. The neckline break points to a first upside target of $2.87, which would mark a roughly 20% movefrom the breakout zone.

On the 3-day chart, the setup gets even louder. XRP appears to be exiting a multi-month descending triangle, and while these formations often break lower, a breakout during an uptrend often confirms continuation.

If that plays out, XRP could push toward $3.72 by August, a 55% rally from here, in line with broader altseason energy and institutional interest.

XRP Is Still Tied to Patience

The narrative shift is subtle but critical. This isn’t about XRP being “next” in a hype cycle. It’s about XRP beginning to act like the asset Ripple always said it could be — deeply tied to settlements, financial infrastructure, and real transactional utility.

BNY Mellon is now literally holding the keys. And if RLUSD becomes a primary use case for XRPL, it puts XRP in a different category of asset: not just an altcoin, but a native gas layer for a purpose-built chain.

At the time of writing, XRP is sitting at $2.36.

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