XRP Rallies 4.7% to $1.1105 After Ripple Joins UK Tokenization Taskforce

XRP jumped 4.7% to $1.1105 in 24 hours as Ripple secured a seat on HM Treasury’s 54-firm tokenization taskforce. The initiative targets £33 billion in annual UK economic output by 2035, marking a significant regulatory win for the blockchain payments firm. The move signals growing institutional acceptance of digital assets in traditional finance infrastructure.

Why Ripple’s UK taskforce role matters for XRP

Ripple’s inclusion in HM Treasury’s wholesale digital markets taskforce represents formal recognition of blockchain infrastructure in UK financial policy. The 54-firm group aims to unlock £33 billion in annual economic output through tokenization by 2035. This regulatory clarity reduces uncertainty around XRP’s use case in cross-border payments and settlement, a core Ripple product.

Technical picture shows mixed signals after the rally

XRP’s RSI sits at 39.98, well below the 70 overbought threshold, indicating room for further upside without immediate pullback pressure. The MACD histogram at 0.01 is slightly positive but the signal line remains negative at -0.04, suggesting momentum is fragile. Price at $1.1105 sits comfortably between the Bollinger Band lower support at $1.01 and upper resistance at $1.20, with the ADX at 21.23 showing a weak trend.

Meyka forecasts XRP at $2.43 within one month

Meyka’s one-month forecast of $2.43 implies a 118.8% gain from the current $1.1105 price. The 12-month target of $2.62 suggests 136.0% upside over the year. These projections assume continued regulatory tailwinds and adoption momentum, though forecasts may change due to market conditions, regulations, or unexpected events.

Volume and momentum lag the price move

Trading volume of 1.30 billion sits 69.5% below the 30-day average of 4.27 billion, signaling weak participation in the rally. The Money Flow Index at 46.47 and the Awesome Oscillator at -0.05 both show subdued momentum beneath the surface. This divergence suggests the move may lack conviction if volume does not pick up.

Final Thoughts

XRP’s 4.7% gain reflects genuine regulatory progress, but weak volume and mixed technical signals suggest caution. The taskforce role is a long-term positive, yet the near-term rally appears fragile without stronger buying pressure. Watch whether volume climbs above 3 billion to confirm the move.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.