XRP’s price surged past the crucial $1 level, reaching around $1.06, supported by renewed buying momentum and positive developments in regulatory clarity across Europe. The emergence of the EU’s MiCA framework, which effectively endorses Ripple’s operations within the European Union, has boosted institutional investor confidence in the token.
Technical indicators showed XRP moving out of oversold territory, attracting dip buyers amid a broader positive sentiment in the crypto market. Bitcoin also gained traction, rising close to $60,300 with a near 2% increase, mirroring a rise in overall market capitalization and supporting an optimistic outlook for major cryptocurrencies.
At the same time, Ripple’s Chief Executive voiced criticism of prominent Bitcoin accumulation strategies. Brad Garlinghouse directly challenged Michael Saylor’s approach, which heavily relies on balance-sheet accumulation of Bitcoin, labeling it a form of “financial engineering” that fails to add long-term value to the industry. Instead, Garlinghouse emphasized the need for developing usable products, payment systems, and network infrastructure that foster real-world adoption.
While acknowledging Bitcoin’s role in the crypto ecosystem, Garlinghouse warned that focusing too much on purchasing Bitcoin as a treasury asset may divert attention from practical growth and innovation. He pointed to market stress signals, such as reduced valuation of a related funding vehicle’s shares, as evidence that over-leveraged strategies carry inherent risks.
Meanwhile, XRP-focused exchange-traded funds (ETFs) showed robust inflows, reflecting increasing investor interest. Daily net inflows of over $15 million pushed total net assets close to $935 million, with Bitwise leading the gains at nearly $12 million. Other significant holders included Franklin’s XRPZ ETF and Canary, with notable asset values exceeding $230 million each. Some fund managers like Grayscale and 21Shares reported no new inflows in the same period.
Technically, XRP maintains a steady position above the $1.00 support level, trading within a bullish channel on the four-hour charts. The immediate resistance sits near $1.10, highlighting a potential breakout zone if buying pressure continues. Failure to hold above the $1 level, however, could trigger retests closer to this base, underscoring its importance as a key price floor.