Crypto News
XRP closed at $1.51 after falling 8.2% overnight, trading between $1.48 and $1.63 as short-term selling pressure intensified. Grok AI projects XRP could reach $4.25 by the end of 2026 in a full bull market, while Perplexity AI points to rising activity on the XRP Ledger and growing institutional exposure.
Why it matters
The bullish case is increasingly tied to measurable network demand rather than price speculation alone. Active addresses surged 84% to 43,543 across August and September, while daily payments exceeded 2.6 million. Those figures suggest the XRP Ledger is seeing broader use as XRP seeks to recover from its decline from above $3.00 last year.
Institutional participation is also expanding. Bank of Montreal and National Bank of Canada disclosed XRP ETF exposure in recent 13F filings. Evernorth launched its XRPN ticker on Nasdaq and announced a partnership with South Korea's Meritz Securities, adding further exposure to the institutional narrative.
Market impact
The technical picture remains conditional. XRP has reclaimed the $1.50 level, but immediate support is near $1.00, with a break potentially exposing the $0.90 to $0.75 range. The Relative Strength Index stands at 35.75 versus a 40.64 signal line, a 4.89-point deficit that reflects stronger selling pressure.
Holding above $1.50 and breaking the pattern of lower highs would improve the case for the $3.50 forecast cited by Perplexity AI. A move through the $1.10 to $1.20 recovery range is another level bulls need to reclaim, while the XRP Ledger's payment growth and institutional access remain key fundamental signals.
Frequently asked questions
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What price does Grok AI project for XRP in a full bull market?
Grok AI projects that XRP could reach $4.25 by the end of 2026 in a full bull market.
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What is happening to activity on the XRP Ledger?
Active addresses rose 84% to 43,543 across August and September, while daily payments exceeded 2.6 million.
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Which institutions disclosed XRP ETF exposure?
Bank of Montreal and National Bank of Canada disclosed XRP ETF exposure in recent 13F filings.
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What technical level is XRP currently testing?
XRP is testing the $1.50 level after closing at $1.51. A break below nearby support could expose the $0.90 to $0.75 range.
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What does XRP's RSI indicate about short-term momentum?
XRP's RSI is 35.75 versus a 40.64 signal line, a 4.89-point deficit that indicates stronger short-term selling pressure.
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