XRP is experiencing a resurgence, trading above the $2.60 mark after weeks of sideways movement. The token’s positive trend is driven by not just technical factors, but also significant development initiatives from Ripple itself. 1) A US-based XRP ETF has already accumulated over $100 million in assets; 2) The new global trading platform Ripple Prime has launched; and 3) Brazil has launched a $40 million tokenized credit fund powered by the XRP Ledger. These developments signal a tangible shift toward institutional finance for XRP, with positive market sentiment manifesting in price action. What’s driving this comeback? Let’s analyze it through key indicators: On the 4-hour chart, XRP displays strong upward momentum. A decisive bounce from support near $2.20 and subsequent push above $2.60 suggest a return of buyer confidence. The next target sits at $2.80 – a level where previous rallies stalled. If XRP breaks through this resistance, further gains towards $3.00 and possibly $3.25 seem likely. Technical indicators are also indicating bullishness. Volume is picking up as traders show interest, with the MACD crossing above its signal line. Open interest stands at around 122 million, signaling active trading without extreme leverage that can lead to significant liquidations. The net short positions are slowly decreasing, a sign of bears backing off. The overall technical setup suggests a controlled, steady rise. This is not just a fleeting spike; it’s the result of real development and growing institutional support. XRP price’s short-term outlook for the week: If XRP can hold above $2.60, there’s potential for another push towards $2.80. If this level is breached, expect even higher levels potentially reaching $3.00. Beyond that, $3.25 becomes a significant target. The support level at $2.40 acts as the first line of defense with $2.20 providing stronger support. Excitingly, XRP’s price momentum isn’t driven by hype alone; it’s backed by solid developments like the launch of the US-based XRP ETF and Ripple Prime’s global expansion. Moreover, Brazil’s tokenized credit project on the XRP Ledger demonstrates a tangible, regulated application for XRPL in real-world business. If this momentum continues to be supported by strong news and improving charts, this week could mark the beginning of a significant upward trajectory for Ripple’s XRP price. Subscribe to our YouTube channel for daily crypto updates, market insights and expert analysis.