XRP Price Surges as Buyers Anticipate Major Technical Breakout
 Ripple’s high-profile acquisition of Hidden Road has sparked fresh enthusiasm within the 
  XRP 
 market, as investors look forward to a potential breakout with the cryptocurrency holding steady above $2.40. The blockchain solutions provider completed a $1.25 billion transaction to transform Hidden Road into Ripple Prime, marking its debut in the global multi-asset prime brokerage sector, according to a 
 Zycrypto report 
. This move is designed to accelerate institutional crypto adoption by incorporating Ripple’s RLUSD, a stablecoin pegged to the US dollar, into brokerage offerings and shifting post-trade processes to the XRP Ledger (XRPL) to cut expenses, the report notes. 
  Traders are reacting to this development, with XRP futures on CME Group reaching nearly $27 billion in notional volume over the last five months, as highlighted in an 
  FXStreet article 
. The introduction of regulated XRP derivatives in April has drawn significant institutional attention, and the OI-weighted funding rate—a measure of trader sentiment—jumped to 0.0059% last week, indicating increasing bullishness, according to FXStreet. Analysts point out that persistent rises in funding rates often come before short-term price surges, but caution remains since open interest is still below the $9 billion peak seen in October. 
 Institutional backing for XRP is on the rise. Evernorth Holdings Inc., supported by Ripple, now holds 261 million XRP, worth $639.45 million, as reported by 
  Yahoo Finance 
. The company aims to launch a publicly listed XRP treasury, which could become the largest institutional stake in the asset. Ripple’s broader acquisition approach—including previous purchases of Metaco and GTreasury—strengthens its infrastructure and is expected to boost demand, as earlier reports have outlined. 
 Technical analysis points to a possible breakout for XRP. Analyst Ali, in a 
  Coinotag analysis 
, identified a TD Sequential buy signal, suggesting a reversal after a period of volatility. The price is consolidating above $2.35, with major resistance at $2.42 and $2.72; surpassing these could spark a rally toward $2.55–$2.65, according to a 
 TradingView analysis 
. However, sellers remain active, and a drop below $2.32 could lead to further declines toward $2.20, as TradingView warns. 
 The outlook for XRP is further strengthened by hopes for spot ETF approvals. Should regulators approve XRP ETFs, inflows could rival Bitcoin’s $61.8 billion milestone, with initial investments projected at $5–10 billion, as previously estimated by Coinotag. Analysts such as Steven McClurg from Canary Capital note that past leverage effects have caused XRP’s market cap to soar over 272 times with relatively small inflows. If institutional adoption follows trends seen with 
  Bitcoin 
 and 
 Ethereum 
 ETF launches, the token could reach $18–$19 per unit. 
 Industry experts like Bill Morgan remain optimistic about XRP’s long-term prospects, viewing it as a strong contender for 2026 alongside 
  Chainlink 
 due to increasing real-world use and supply constraints, as discussed in a 
 Coinpedia piece 
. With Ripple’s ecosystem growing and technical momentum building, XRP’s future will depend on overcoming key resistance levels and achieving regulatory certainty in the months ahead.