Ripple is putting fresh money into the XRP Ledger ecosystem, and it’s getting traders to look at XRP again.
Ripple increases funding for XRPL projects
Ripple recently announced new funding for developers building on the XRP Ledger. The company plans to support projects through grants and strategic investments.
The goal is simple: grow the ecosystem and bring more real use cases to the network.
Ripple said the funding will focus on areas like decentralized finance (DeFi), tokenizing real-world assets, and building blockchain tools for businesses. The company also wants to encourage projects that follow regulatory rules, which could make institutions more comfortable using the network.
By backing developers and new projects, Ripple hopes to improve liquidity, attract bigger players, and strengthen the technology behind the XRP Ledger. Over time, this could increase demand for XRP as the network’s main utility token.
XRP price holding steady around $1.40
Right now, XRP is trading near $1.40. The price has been moving in a narrow range after a sharp drop earlier in February that briefly pushed it close to $1.20 before bouncing back.
Since then, the market has been relatively calm. XRP has mostly stayed between $1.35 and $1.50, which often suggests traders are accumulating while waiting for the next big move.
The first resistance level to watch is around $1.50, while stronger resistance sits near $1.60, where the price was previously rejected. If XRP manages to break above $1.60, it could push toward $1.80.
On the downside, $1.35 is the key support level. If that breaks, the next important level is around $1.20.
Technical indicators show momentum is still weak but improving. The RSI is around 42, which means the market is not oversold anymore but still lacks strong bullish energy. Meanwhile, the DMI indicator suggests sellers still have a slight advantage, although their control is starting to fade.
For now, traders are watching closely. A strong move above $1.50, especially with higher trading volume, could signal that XRP is ready for a bullish breakout.
