TLDR
- XRP is trading at $2.41 with a 347.06% gain year-to-date despite yesterday’s flash crash that briefly sent prices down 70% to $0.78 before recovery
- Nasdaq-listed Reliance Global and VivoPower have added XRP to their corporate treasuries, marking institutional adoption as a strategic reserve asset
- Ripple acquired Hidden Road for $1.25 billion to expand institutional finance capabilities and secured regulatory approval from Dubai’s Financial Services Authority
- Technical analysis shows XRP maintaining a bullish Elliott Wave pattern with critical support at $0.60 and potential targets between $27-$34 if the structure holds
- Ripple launched its RLUSD stablecoin in Africa through partnerships with Chipper Cash, VALR, and Yellow Card to enable cross-border payments
XRP is currently trading at $2.41 after experiencing a brief but severe market crash yesterday. The token has gained 347.06% since January 2025.
During the crash, XRP fell nearly 70% in eight minutes, dropping from $2.65 to $0.78. Bitcoin and Ethereum declined 13% and 15% respectively during the same period.
Market analyst Egrag Crypto suggested the drop was designed to liquidate over-leveraged positions. Large short positions were reportedly opened hours before the event.
🚨 #XRP and Crypto Update 🚨 (1/2):
▫️The recent crash was designed to liquidate all #XRP long positions, and I’m here to explain why and how with proofs.
▫️I’ve received many messages in my DMs, so I want to clarify what happened. While I usually focus on predicting the… pic.twitter.com/f7hUvY37IX
— EGRAG CRYPTO (@egragcrypto) October 11, 2025
The token has since recovered and is holding key support levels. XRP continues to trade above $2.00 as investors focus on institutional developments.
Corporate Treasury Adoption Grows
Nasdaq-listed company Reliance Global recently added XRP to its digital treasury. This marks a shift toward treating XRP as a strategic asset rather than a speculative token.
VivoPower also integrated XRP into its treasury system. The company launched XRPFi, a program combining enterprise finance with blockchain yield strategies on the XRP Ledger.
Ripple purchased prime brokerage firm Hidden Road for $1.25 billion. The acquisition allows Ripple to process post-trade operations on the XRP Ledger.
This move positions the token as infrastructure for international financial processes. The deal represents one of Ripple’s largest investments in traditional finance integration.
Global Payment Expansion
Ripple launched its RLUSD stablecoin in Africa through partnerships with three companies. Chipper Cash, VALR, and Yellow Card are facilitating cross-border remittances using the stablecoin.
These partnerships enable blockchain-based settlements for corporate and insurance transactions. The expansion targets regions where traditional banking infrastructure remains limited.
In the United Arab Emirates, Ripple received regulatory approval from the Dubai Financial Services Authority. The company became one of the first blockchain payment providers authorized in the Dubai International Financial Centre.
Ripple formed agreements with Zand Bank and fintech platform Mamo in the region. These partnerships strengthen the company’s presence in Middle Eastern financial markets.
Technical Analysis Points to Key Levels
According to XForceGlobal, XRP is following a Flat corrective pattern in its Elliott Wave cycle. The token broke out of a multi-year descending triangle formation.
Still bullish on the macro.#XRP has chosen the Flat route. We still have this as the final bullish option, and is now within the confirmation stage. From a timing perspective, it's looking great.
This would be our last exhausted option. Below $0.60 would be very bearish. https://t.co/opAeWnOLkQ pic.twitter.com/y4HBn8OUfg
— XForceGlobal (@XForceGlobal) October 12, 2025
Previous market cycles saw XRP drop 78%, 67%, and 52% before establishing higher lows. Each crash was followed by recovery that maintained the longer-term upward structure.
The most critical support level sits at $0.60. A drop below this price would invalidate the bullish structure.
Near-term resistance exists between $3.30 and $3.50. If XRP breaks through these levels, medium-term targets point to $9.30.
The longer-term Elliott Wave count suggests potential prices between $27 and $34 if the pattern completes. These projections depend on the token maintaining current support levels and completing the expected wave structure.
XRP currently trades at $2.14 on some exchanges after testing the 161.8% Fibonacci extension level.
