XRP (CRYPTO: XRP) could be approaching a significant breakout as rising on-chain activity, and Ripple’s expanding institutional partnerships strengthen the bullish outlook.
Is XRP Preparing For A Major Breakout?
In an X post on Sunday, prominent analyst Cryptoinsightuk said XRP’s technical structure and ecosystem developments suggest momentum could be building for a substantial move.
The analyst has been monitoring the $1.22 support level as a potential liquidity sweep and long-entry opportunity.
While additional support remains below current prices, the analyst says XRP’s market structure could support an upward move without another major correction.
Cryptoinsightuk highlighted Ripple’s acquisition of the X handle of XRP and XRP.org domain, arguing that the move could bring greater visibility to the cryptocurrency.
The analyst also pointed to improving on-chain metrics and renewed activity across the XRP ecosystem.
- Santiment data noted that XRP Ledger’s non-empty wallets hit a record 8.24 million, while daily network growth surged to 4,772 new wallets, the fifth-largest spike since March.
- The recent Fuzzy and Evernorth announcement could further connect institutional XRP treasury adoption with the broader meme coin market, potentially attracting new participants.
On the other hand, Cryptoinsightuk cautioned that none of these developments individually guarantees a rally.
Ripple Expands XRP Ledger Adoption With Aviva Investors
Ripple announced on Monday that Aviva Investors tokenized a share class of its nearly $29 billion Sterling Liquidity Fund on XRP Ledger, following a similar USD fund launch in July.
Aviva now holds over $116 million across its tokenized funds, including $66 million in the new sterling share class.
The launch uses a digital twin structure that preserves the regulated fund framework while enabling on-chain representation.
Ripple highlighted XRPL’s low-cost transactions and settlement capabilities as institutional finance moves toward 24/7 markets.
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