Ripple’s latest funding campaign for the XRP Ledger brings renewed attention to XRP, with traders closely watching whether the ecosystem’s expansion can translate into sustained price momentum.
Although the Ripple token (XRP) remains range-bound near $1.40, the announcement could reinforce long-term bullish sentiment regarding the network’s growth prospects.
In a recent blog post, Ripple detailed expanded financial support for developers building on the XRP Ledger (XRPL), including grants and strategic investments targeting compliance-focused DeFi, real-world asset (RWA) tokenization, and enterprise-grade blockchain solutions.
The initiative aims to increase liquidity, broaden institutional participation and strengthen basic infrastructure.
By prioritizing regulated DeFi applications and tokenization frameworks, Ripple positions XRPL as a scalable, enterprise-ready network aligned with global financial standards. The move shows Ripple’s strategy of combining institutional partnerships with the growth of local developers, a combination that could increase long-term demand for XRP as a utility asset within the ecosystem.
XRP Price Analysis
XRP is currently trading around $1.40, up slightly on the day, as price action consolidates after a sharp decline in early February that briefly pushed the token towards $1.20 before a rebound.
Since this capitulation, XRP has traded in a tight range of $1.35 to $1.50, signaling potential accumulation. Immediate resistance lies near $1.50, with a higher ceiling around $1.60, where an earlier rejection occurred.
A confirmed break above $1.60 could open the door to $1.80. On the other hand, key support remains at $1.35, followed by the psychological level of $1.20.
Meanwhile, the RSI (14) is near 42, below the neutral mark of 50, indicating moderate bullish momentum but more oversold conditions. Meanwhile, the DMI shows that the negative trendline remains ahead, although the gap is narrowing, suggesting that bearish pressure may be weakening.
A decisive move above $1.50, especially on rising volume, would be necessary to confirm a bullish shift.