XRP Price Prediction: Three Factors Help It Break Through $2.32 Resistance Level, Is a New High Imminent?

The price of XRP has successfully broken through the key resistance level of $2.32, with a daily rise of 2.5%. The momentum for this round of pump mainly stems from three major factors: the soaring expectations for XRP ETF approval, the surge in trading volume on local CEX in South Korea, and the massive capital inflow into the derivation market.

Gate market shows that XRP has slightly retreated, currently reported at 2.2594 USD, with a slight drop of 0.45% in 24 hours.

According to CoinMarketCap data, XRP 24-hour volume has risen by 75% to $3.88 billion, with its market cap increasing by 2.5% to $137.48 billion, indicating a significant increase in market activity.

XRP ETF approval probability soars to 90%? SEC new regulations may accelerate approval

The prediction platform Polymarket shows that the probability of XRP ETF approval before 2025 has surged significantly to 90%, a 19% increase. This optimistic sentiment stems from the possibility that the U.S. SEC may implement a new regulation: drastically shortening the original 240-day 19b-4 approval process to just 75 days. ETF company executives have revealed to Reuters that exchanges may submit applications based on the new framework in a matter of weeks.

This potential change will benefit the ETF applications of various crypto assets including Solana (SOL), XRP, Dogecoin (DOGE). The market's strong expectations for XRP to possibly be included in the next batch of approved lists is key to driving up its price. Additionally, Ripple is reportedly seeking to dismiss mutual lawsuits with the SEC, which may end a four-year legal dispute and clear regulatory hurdles for XRP.

Major Innovation: CapSign Launches XRP Equity Fund on XRPL

CapSign CEO Matthew Rosendin announced the launch of a revolutionary on-chain venture capital fund on the XRPL EVM sidechain. The fund holds 4.7 million shares of Ripple stock (estimated based on the recent trading price of $125 per share on the Lingto platform), with a total value of over $580 million.

The fund adopts a Delaware series LLC structure and smart contract management, achieving token-based real-time governance. Investors can vote instantly on stock sales and management decisions. Rosendin calls this the first DAO structure to hold such a large-scale real private equity. The real-time dashboard will display ownership, valuation, proposals, and fund dynamics, bringing tokenized equity directly into the XRP ecosystem.

South Korea's strength: Local CEX XRP volume surged to $1.94 billion

The XRP volume on Korea's largest exchange surged to an astonishing $1.94 billion in just one hour, far exceeding another CEX's $9 million during the same period. This massive trading directly drove the price of XRP to rise by 2.36%, successfully breaking through the key resistance level of $2.28.

Derivation market frenzy: Unopened contracts surge, bullish sentiment is strong

• XRP derivation open interest ( OI ) surged 9.19%, reaching $5.15 billion, indicating a significant influx of new capital into leveraged positions.
• The total volume of derivatives soared 81.07%, reaching $7.35 billion, reflecting strong speculative demand.
• The open interest for options also increased 14.6%, although the options trading volume has slightly pulled back in the short term. Such large capital inflows usually support short-term price momentum. XRP's successful recovery of $2.25 Fibonacci key level also enhances technical confidence. Analyst CasiTrades pointed out: "The recovery of this position confirms a shift in market sentiment, marking the end of the accumulation phase."

Ripple applies for a banking license & major whale activity: What will be the future trend of XRP?

Ripple's ongoing application for the U.S. National Bank Charter is seen as an important step towards institutionalization. If approved, Ripple will be able to expand regulated banking and custody services, attracting more compliant institutional funds for long-term investment.

On-chain monitoring shows that XRP whales are active again: This morning, 219.8 million XRP (worth approximately $500 million) were transferred between unknown wallets. Such large transactions are usually associated with adjustments in large holders' positions. Well-known analyst Dark Defender commented on this: "We are a few steps ahead. $XRP has clearly broken through, and the path to a new all-time high (ATH) is open."