XRP Coin continues its journey below the $2.3 support level, pressured by fluctuations in BTC prices. Despite this, financial giants like Morgan Stanley remain optimistic about the ongoing excitement in the cryptocurrency market. Similarly, analysts from JPMorgan have conveyed their bullish outlook. Meanwhile, the CEO of Ripple has shared ambitious targets for 2026. With significant developments involving XRP Coin, we take a quick look at the essential details.
Ripple (XRP) 2026 Roadmap
For cryptocurrency enthusiasts, Ripple (XRP) holds a special place, having sustained its position as one of the largest altcoins for years. Following the conclusion of recent legal proceedings, there is anticipation for the approval of an XRP Coin ETF and accelerated growth. This year, Ripple made headlines by acquiring three major companies for around $2.4 billion, stating its presence in the market by launching Ripple Prime after transforming Hidden Road, which was purchased for approximately $1.25 billion.
Following an intensive acquisition spree, Ripple’s CEO Brad Garlinghouse suggested it is time to slow down. No active acquisitions are expected until 2025, allowing the team to focus more on internal development and integration of the newly acquired companies.
“We will probably slow down the acquisition frenzy by 2026, which will greatly satisfy our corporate development team.”
The consecutive acquisitions marked a significant chapter for Ripple, and the company is experiencing a bustling year packed with strategic initiatives.
“Ripple aims to become a blockchain infrastructure company, and I believe we’re leading the way in this. Point. We cater to institutional customers and financial institutions. Unlike other crypto firms, we have focused on acquiring assets that could be deemed traditional finance assets.”
Focusing on tokenization and the transformation of traditional finance, Ripple recently secured half a billion dollars in investment, pushing its valuation beyond $40 billion. Last week, XRP Coin attracted over $40 million in institutional investments, making it the third most invested altcoin after Solana, sustaining its allure. With anticipated closure and spot ETF approval, investors might soon witness a more robust XRP Coin.
XRP Coin Short Position
Not everyone anticipates a rise in XRP; such is the reality of the market dynamics. A Hyperliquid whale opened two highly leveraged short positions totaling $140 million against Bitcoin and XRP Coin today. This whale gained over $3 million in nine hours, drawing suspicions of possessing insider knowledge, reminiscent of an October 10th event where a whale acted similarly. This fuels concerns about a potential significant downturn in cryptocurrencies, possibly following a Supreme Court decision.
The whale placed a 20x leverage short position on BTC at an entry of $102,978. Meanwhile, the XRP Coin short position stands at $2.3 support, again at 20x leverage.