XRP Rises on Ripple Expansion, Regulatory Optimism

XRP has rebounded to trade above $2 and is up around 13% this month, bolstered by Ripple’s global expansion and positive regulatory signals. Ripple’s acquisition of prime brokerage firm Hidden Road, which is expanding operations in Abu Dhabi, highlights growing institutional adoption and infrastructure development. Analysts remain bullish, setting short-term price targets between $3 and $6.30, supported by rising trading volumes and accumulation by large holders. The possibility of a spot XRP ETF in the US is fueling further optimism. Some technical indicators suggest a potential price correction, but many view $2 as key support and a buying opportunity. An upcoming SEC vote to possibly lift restrictions and reduce penalties on Ripple could significantly influence XRP's trajectory.