XRP has risen more than 3%, trading near the $1.33 to $1.35 range after a recent market-wide decline.
The uptick came as Ripple CEO Brad Garlinghouse pointed to increasing engagement from traditional finance(TradFi) institutions.
In a March 30 post on X, he described a noticeable change in how the sector views cryptocurrencies.
XRP has moved higher today, recovering part of its recent losses as market sentiment improved.
The rebound followed renewed focus on institutional adoption across the crypto sector.
Investors reacted to fresh insights from industry leadership on evolving demand trends. The shift highlights growing links between traditional finance and digital assets.
Ripple highlights growing institutional demand for Crypto
Garlinghouse drew a contrast between past skepticism and current market behavior. He referenced earlier criticism from Warren Buffett, who once labeled Bitcoin “rat poison.”
He also mentioned Jamie Dimon, who has repeatedly referred to Bitcoin as a “pet rock.”
Today, however, large institutions are actively exploring stablecoins and digital asset infrastructure. He pointed to Ripple’s RLUSD stablecoin, which recently crossed the $1.5 billion mark.
That milestone reflects increasing usage and broader market acceptance. The company continues to prioritize practical applications through partnerships with financial institutions worldwide.
XRP and RLUSD now play a role in connecting traditional systems with blockchain-based solutions.
Beyond adoption, Garlinghouse addressed Ripple’s performance during ongoing market volatility. He highlighted recent regulatory developments involving the SEC and CFTC.
He also pointed to the proposed CLARITY Act as part of a broader regulatory shift. In remarks shared with Fox Business, he indicated that clearer rules could support long-term industry growth.
The remarks underline a changing narrative around crypto adoption. Institutional interest continues to build, shaping market direction.
XRP’s rebound aligns with that trend, as investors respond to stronger ties between traditional finance and digital assets.
Technical analysis – XRP holds $1.35
XRP price remains in a broader upward trend, with buyers taking the lead in the market. Price is now trading near $1.357, up 2.31% in 24 hours.
Immediate resistance sits near $1.50, where previous rebounds stalled. Key support appears around $1.30, with deeper protection near $1.20.
The RSI sits near 43, showing weak momentum but not oversold conditions. RSI remains below its signal line, suggesting mild bearish pressure.
The MACD is still below the zero line, reflecting lingering downside momentum. However, the histogram is flattening, indicating that selling pressure is slowly easing.
