Several factors suggest a potential rally for the digital asset, with analysts eyeing a re-test of its February 4 high of $2.78. Three key catalysts stand out: Ripple’s expanding partnerships, strengthening on-chain metrics, and ongoing developments in XRP Exchange-Traded Funds (ETFs).

Ripple Expands Cross-Border Payment Network

Ripple recently announced a deal with Unicâmbio, a top Portuguese currency exchange provider, to bolster cross-border payments between Portugal and Brazil. With this, the company further expands in Latin America, where it has already engaged with a few financial institutions, including Mercado Bitcoin and Travelex Bank.

Ripple sealed a deal with Unicâmbio, a leading Portuguese exchange, to enhance Portugal-Brazil cross-border payments. Source: Ripple via X

Unicâmbio wants to use Ripple’s payment solutions to further its business by providing speedier and more cost-efficient transactions for the people of both countries. These integrations are the kindling that XRP needs to fuel demand, acting as a bridge currency in the remittance sector. The higher the adoption of RippleNet, the chances of higher liquidity and more market activity for XRP, thereby emboldening the bulls.

On-Chain Metrics Indicate Positive Momentum

Blockchain intelligence firm Santiment has reported a steady increase in the number of XRP holders throughout 2025. Active wallet addresses remain above the 2024 average, a sign of sustained user engagement. Additionally, the total supply of XRP held in profit has declined, suggesting reduced selling pressure. This metric indicates that investors are opting to hold their XRP rather than liquidate their holdings, which could contribute to a price rally in the coming weeks.

Blockchain analytics firm Santiment reports a continuous rise in XRP holders throughout 2025. Source: Santiment

Moreover, technical indicators point toward a strengthening bullish trend. The Relative Strength Index (RSI) for XRP/USDT is currently at 40 and sloping upwards, signaling increasing buying momentum. Similarly, the Moving Average Convergence Divergence (MACD) chart shows shortening red histogram bars, indicating waning negative momentum. If this trend continues, XRP could break past resistance at $2.52 and move closer to its previous high of $2.78.

XRP ETF Developments Gain Traction

The race for an XRP spot ETF in the U.S. has intensified, with CoinShares filing for an XRP ETF with Nasdaq. This follows recent filings by the CBOE BZX Exchange on behalf of Bitwise, 21Shares, and Canary Capital, indicating growing institutional interest in the asset.

Nasdaq has filed a rule change request with the SEC to list the CoinShares XRP ETF. Source: JackTheRippler via X

Nick Forster, founder of Derive.xyz, commented on the increasing ETF filings:

“There’s significant market anticipation surrounding XRP and other crypto ETFs. While regulatory challenges remain, a green light on any of these filings could trigger a wave of institutional inflows, potentially driving XRP’s price upward.”

Ripple (XRP) was trading at around $2.51, up 2.78% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Despite the optimism, ETF approvals take time, and their impact on XRP’s short-term price action remains uncertain. However, the increasing number of applications suggests that institutional players see long-term potential in the digital asset.

Bloomberg’s James Seyffart, shared his odds of ETF approvals for various digital assets. It highlights the firms that have submitted S-1 filings for spot ETFs, key 19b-4 filing dates, Litecoin and Dogecoin stand out with higher approval probabilities—90% and 75%, respectively—due to their likely commodity classification. On the other hand, Solana, XRP, and Dogecoin face more regulatory hurdles, with approval odds sitting at 70%, 65%, and 75%. Still, 65% is good news for XRP holders.

Spot ETF Approval Odds, Source: X

Can XRP Reach Double-Digit Gains?

With strong fundamentals in place, analysts believe XRP could rally nearly 14% in the short term and retest its February 4 high. Looking further ahead, some speculate on XRP’s ability to reach $15 if widespread adoption accelerates.

Analyzing the U.S. Manufacturing Index, an elliptical curve, and Fibonacci levels, XRP eyes beyond $15. Source: CryptoMitchX on TradingView

Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) remains a crucial factor in shaping its market trajectory. A favorable ruling could significantly boost investor confidence and drive further gains.

As Ripple continues to expand its global network and regulatory clarity improves, the XRP price may be positioned for substantial growth. However, market conditions, adoption rates, and macroeconomic trends will play critical roles in determining the asset’s long-term price trajectory.