XRP Set to Regain $3 Threshhold as Price Rises on JPMorgan’s Institutional Crypto Trading Plans

The XRP price surged 1.55% over the past 24 hours to $1.91 on a 20% increase in the daily trading volume to $4.21 billion.

This increase in the XRP price comes as JPMorgan, the largest bank in the U.S., is exploring ways to offer crypto trading to its institutional clients as interest in digital assets continues to grow. According to reports, the plan is still in its early stages, with the bank deciding which crypto products it will provide.

The bank is considering services such as spot crypto trading and derivatives, but no final decision has been made. JPMorgan is mainly responding to rising client demand and improving regulatory clarity in the crypto market. Any move forward will depend on demand, risks, and regulatory approval.

So far, JPMorgan’s main crypto exposure has stemmed from its partnership with Coinbase, which enables customers to link their bank accounts to crypto wallets. However, competition is increasing as other major U.S. banks, including PNC Bank, have started offering Bitcoin trading to their clients.

Despite CEO Jamie Dimon’s skepticism toward crypto, JPMorgan has continued to expand its crypto activities. The bank has tokenized assets on Ethereum and Solana, filed for Bitcoin-linked investment products, and allows clients to use Bitcoin and Ethereum as collateral for loans.

XRP Price Signals a Bullish Reversal Ahead

The XRP/USDT trading pair shows the ripple token price is trading at $1.93, following a 1.55% gain over the past 24 hours. The chart highlights key zones and patterns that suggest potential bullish momentum in the near term.

XRP has been oscillating between the identified support zone near $1.80–$1.85 and resistance levels at around $2.50. The support zone has repeatedly acted as a strong floor, preventing further downside, while the resistance zones have capped rallies during previous attempts.

XRPUSDT Analysis Source: Tradingview

The rounded bottom formation signals a potential bullish reversal. As the price continues to consolidate near the support area, the rounded shape suggests a buildup before a possible upward breakout.

Further confirming this bullish setup is the RSI (Relative Strength Index) at 43.12. The RSI has recently risen from oversold territory, indicating reduced selling pressure and the possibility of further upside momentum. A sustained move above 50 on the RSI could strengthen the bullish case and signal renewed buying interest.

Should XRP break above the immediate resistance zone near $2.50, the next potential target would be the $2.80–$3.00 area, where historical resistance has been observed. Conversely, if the support zone fails to hold, XRP could retest lower levels around $1.80.