Gate News message, April 16 — XRP rose 4% to $1.41 yesterday (April 15), with the fourth-largest cryptocurrency rebounding after struggling for nearly four consecutive weeks.
Several factors contributed to the rally. Ripple announced a new partnership with Kyobo Life Insurance in South Korea to test tokenized government bond settlement using blockchain, signaling institutional adoption of its technology. Meanwhile, a post from Solana’s official account mentioning “XRP” went viral, sparking positive engagement across both XRP and Solana communities. Broader market strength also played a role: global tensions between the U.S. and Iran eased, pushing stock markets higher with Nasdaq and S&P 500 hitting new records, while Bitcoin climbed near $75K. Additionally, XRP ETFs recorded substantial inflows, with data showing growing institutional interest in recent days.
Technically, XRP remains down nearly 63% from its peak, suggesting early recovery rather than full breakout. The current key support level is $1.38, with the 200-day moving average positioned around $1.35.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Ledger RWA Activity Surges 875%, Tokenized Assets Near $2.5 Billion
Recent activity in real-world assets on the XRP Ledger has surged by 875%, reaching a tokenized value of $2.3–$2.5 billion. Over 100 tokenized assets are supported, driven by institutional interest in blockchain for finance. However, regulatory fragmentation poses challenges for global scaling.
GateNews44m ago
Altcoin XRP Forms Elliott Wave on the Weekly Price Chart, Potential Bullish Divergence Ahead?
Altcoin XRP forms Elliott Wave on the weekly price chart.
A potential bullish divergence lies ahead for XRP price.
Can Ripple’s XRP go on to set a new ATH this year?
Several altcoins continue to show promising price pump indicators across their various price charts, allowing analysts t
CryptoNewsLand2h ago
XRP ETF Assets Reach $1.08B as Fresh Inflows Hit $11.87M
XRP exchange traded funds saw inflows of $11.87 million, increasing total assets to $1.08 billion, reflecting sustained institutional interest and confidence in XRP's role in cross-border payments amidst growing demand for crypto ETFs.
GateNews5h ago
ETF Launch Fails to Stem Tide As XRP Sinks to $1.81, Lowest Since April
Crypto asset manager Bitwise’s launch of a spot XRP exchange-traded fund on Nov. 20 failed to lift the token, which fell to $1.81 — its weakest level since April — before a broader Nov. 21 sell‑off drove monthly losses above 20%.
ETF Launch Followed by Double-Digit Losses
The highly
Coinpedia5h ago
Ripple Executive Details XRP Ledger's Role in Institutional Finance at Paris Blockchain Week
Ripple's Marcus Infiner outlined a strategy for institutional adoption of blockchain at Paris Blockchain Week, emphasizing collaboration between crypto firms and traditional finance. He highlighted the XRP Ledger's compliance and efficiency for cross-border payments and on-chain markets, advocating for integration into existing systems.
GateNews7h ago
SBI Holdings Launches 10 Billion Yen Blockchain Bond With XRP Rewards
SBI Holdings has launched SBI START Bonds, a 10 billion yen blockchain-based bond program for retail investors, offering interest payments and XRP token rewards. The initiative highlights SBI's partnership with Ripple and aims to integrate digital assets into traditional finance.
GateNews8h ago
