Summarize the content using AI
ChatGPT
Grok
In a dramatic market shift, XRP’s price surged by 4.9% over the past 24 hours, reaching $2.35 and marking the strongest rise of the week. The breakthrough of the critical resistance at $2.30, coupled with increasing institutional trading volume, has set investors’ sights on the $2.50 benchmark. Meanwhile, Dogecoin $0.166972 saw a modest dip, trading at $0.1657, yet its structural outlook remains stable. The price movements of both altcoins reflect a cautious market structure driven by professional investors.
Ripple and Mastercard’s Strategic Collaboration Boosts XRP Demand
The key catalyst in XRP’s momentum was the launch of a new payment pilot on the XRP Ledger by Ripple $2 , Mastercard, WebBank, and Gemini, which is RLUSD-backed. This initiative marks the first instance of a regulated bank in the US conducting real credit card transactions on a public Blockchain.
With RLUSD circulating supply exceeding $1 billion under the New York Trust Charter, the pilot project has expanded Ripple’s ecosystem testing into corporate infrastructures beyond cross-border payments.
XRP
Market data reveals that the breakout, triggered by a $164 million trading volume, propelled XRP to $2.39. The transformation of the resistance level into a support at $2.32 signifies strength, while an uptick in the RSI indicator suggests that momentum remains intact. Continued inflow of institutional funds is deemed crucial for XRP’s trajectory toward the $2.50–2.60 range.
Institutional Balance in Dogecoin’s Trajectory
For Dogecoin, initial institutional acquisitions focused around $0.1620 at the week’s onset. Profit-taking near the $0.1670 range caused a brief price softening, yet the channel structure’s integrity indicates sustained upward trends.
Supported by a trading volume of $774 million, the continued rise underscores strong professional investor interest. Analysts believe that Dogecoin’s resilience at $0.1620 is critical for maintaining channel integrity. Sustained closures above $0.1670 could bring the $0.17–0.175 range back into focus.
