XRP Price Prediction: XRP Soars 6% As Ripple-BNY Mellon Deal Sparks LET Mining’s XRP Plan

The XRP price has soared 6% in the last 24 hours to trade at $2.57 on a 19% pump in the daily trading volume to $6.3 billion.

XRP Price Soars As Ripple Partners With BNY Mellon

The surge in XRP price comes as Ripple announces a major partnership with BNY Mellon, Wall Street’s oldest bank, which will now serve as the custodian for Ripple’s stablecoin, RLUSD. This marks a significant milestone in Ripple’s stablecoin roadmap and highlights its long-term commitment to blockchain infrastructure.

In response to this momentum, cloud mining platform LET Mining launched a new “Smart Cloud Mining Strategy” designed for XRP holders. Although XRP itself cannot be mined, LET Mining enables users to stake their XRP and participate in cloud mining services. This allows users to earn daily passive income while benefiting from the continued growth of the XRP price.

XRP Price Breaks Out as Bulls Target $3.50 in Fresh Rally

The XRPUSDT trading pair on the daily chart has broken out of a long sideways trading range, jumping above $2.58 and showing strong bullish momentum. The breakout follows a slow buildup over several months, where the price formed a rounded bottom pattern. XRP price is now eyeing the next key resistance zone between $3.00 and $3.50.

The breakout came after XRP swept “sell-side liquidity” near the $2.00 area. This means many traders were likely stopped out, allowing bigger players to buy at lower prices. Once that liquidity was cleared, the price quickly pushed higher, confirming a shift in market direction. A bullish market structure shift (MSS) is now in place, further strengthening the outlook.

Momentum is also confirmed by the Relative Strength Index (RSI), which is currently at 74.11. This shows that XRP is in a strong uptrend. While an RSI above 70 is usually considered overbought, in breakout situations like this, it often means more gains are coming before any major pullback happens.

XRP Price Breakout Sustains Above $2.50 Breakout Zone

The chart shows a resistance zone between $3.00 and $3.50. This is where sellers may step in, as it marks a key level from earlier highs. If XRP can hold above the breakout zone around $2.50, there’s a strong chance it will push toward that resistance. A clean break above $3.50 could open the way to even higher levels.

For now, traders will be watching to see if XRP can keep building on this momentum. A small dip toward $2.50 would offer a chance to re-enter before the next leg higher. But if the price falls below $2.00, it may signal the breakout has failed.

In short, XRP looks strong after a clear breakout from its recent pattern. With strong momentum and key resistance levels ahead, the next few days will be important. If buying pressure continues, XRP could be on its way to $3.50 or even higher.