Crypto enthusiasts are celebrating as XRP prices surge, gaining momentum alongside a renewed optimism in the market following recent developments. A diplomatic trade agreement between the US and China has reignited investor confidence, boosting the entire cryptocurrency landscape. This positive sentiment is particularly evident in XRP’s price increase, which saw significant jumps after Bitcoin surpassed $85,000 last week. On-chain data shows large investors are actively buying at these points, indicating heightened market volatility over the coming weeks. 28% increase marks a surge for XRP, now trading at a high of $2.12. With an average daily volume of $3.8 billion, this momentum is further supported by strong interest in XRP futures. Open Interest has risen from $2.87 billion on April 9th to $3.41 billion today, suggesting investors are bullish about long positions and potential for further price climbs. Technical analysis confirms a parabolic rally with XRP breaking through its historical high of $1.90 set in 2021. The weekly chart now shows it’s poised to break free from the descending wedge formation, commonly associated with strong upward trends. With sustained gains above the long-standing downtrend seen since the beginning of the year, XRP could enter a new price discovery phase. Increased institutional interest in XRP is another factor driving the price surge. This is attributed to the finalization of the SEC vs. Ripple lawsuit, which has boosted investor confidence and further propelled demand for Ripple’s payment solutions. A recent deal worth $1.25 billion with Hidden Road, a leading prime broker, and the continued filing of XRP-based spot ETF applications in the US are further evidence of this growing institutional interest.