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XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments

XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments

Bitget-RWA2025/11/06 04:04
By:Bitget-RWA

- XRP sees 21,595 new wallets in 48 hours, Santiment's largest surge in eight months, as price rebounds from $2.2 support. - Technical indicators show bullish RSI divergence and potential reversal patterns, with $2.6 resistance as key hurdle. - Ripple's $500M institutional investment and Mastercard-led RLUSD integration boost XRP's institutional adoption and regulatory clarity. - Ethereum's ecosystem expansion and potential XRP ETF listings amplify crypto summer optimism amid Fed's QE expectations.

The digital asset sector is undergoing a notable transformation as 21,595 new

wallets were established in just two days, representing the most substantial increase in the past eight months, based on data from Santiment. This surge coincides with XRP’s price bouncing back from a crucial support zone, reigniting confidence among both retail and institutional investors. Since a significant market downturn in October 2025, the altcoin has repeatedly challenged the $2.2 support mark, and its recent inability to surpass the $2.6 resistance level may indicate a possible trend reversal, according to a .

Technical signals for XRP are showing bullish momentum. The daily chart for the XRP/USD pair reveals a potential reversal formation, with the Relative Strength Index (RSI) displaying a bullish divergence even as prices have made lower lows since October 11, 2025, as highlighted by Coinpedia. Such divergences are often seen before a shift in market direction, historically pointing to short-term rallies for digital currencies. In addition, Ripple’s recent acquisitions, including firms like Hidden Road and Rail, have strengthened its infrastructure, helping XRP gain prominence in institutional investment portfolios, Coinpedia further reported.

XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments image 0

Interest from large-scale investors in XRP is being driven by clearer regulatory guidelines in the United States and the resolution of Ripple’s prolonged legal battle with the SEC. Ripple has also revealed a $500 million strategic funding round, led by Fortress Investment Group and Citadel Securities, valuing the company at $40 billion, according to Coinpedia. Moreover, Ripple’s partnerships with Mastercard, WebBank, and Gemini to bring RLUSD to the XRP Ledger for on-chain fiat transactions highlight the asset’s increasing mainstream acceptance, Coinpedia noted.

The wider blockchain industry is also experiencing growth. Projects built on Ethereum are gaining momentum, with the

Foundation introducing the at Devcon to nurture new ventures. At the same time, seven Ethereum-based protocols have come together to create the (EPAA), aiming to protect the $100 billion DeFi sector from excessive regulation. The alliance is committed to values such as on-chain openness and universal access to decentralized finance, supporting EPAA’s mission to influence policy through technical knowledge, as reported by .

Investors are keeping a close eye on the potential approval of spot XRP ETFs, which could boost demand, especially as the Federal Reserve is expected to implement quantitative easing (QE), a trend noted by Coinpedia. Grayscale’s Ethereum Mini Trust ETF, which began staking Ether in October 2025, demonstrates similar institutional enthusiasm for crypto, as referenced in the

.

With the expansion of XRP wallets and the growth of the Ethereum ecosystem coinciding with broader economic trends, the market seems set for a potential “crypto summer.” Nevertheless, traders remain vigilant, as XRP still faces significant resistance at the $2.6 level, Coinpedia concluded.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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