XRP Could See $3 Breakout as Franklin Templeton Highlights Its Role in Cross-Border Payments
XRP is back in the spotlight as Franklin Templeton, the global investment giant, reaffirmed the token’s importance for cross-border transactions. Roger Bayston, the firm’s head of digital assets, described XRP as “a foundational building block for cross-border transaction efficiency,” emphasizing its ability to enable fast, low-cost settlements for institutions moving money internationally.
Bridging Traditional Finance and Crypto
Franklin Templeton isn’t new to the XRP ecosystem. In September, it partnered with Singapore’s DBS Bank and Ripple to offer tokenized money market funds on the XRP Ledger, giving institutional investors new trading and lending options. Analysts say such partnerships strengthen XRP’s position in traditional finance and could soon show up in the token’s price.
Since mid-October, the launch of XRP ETFs has drawn $1.07 billion in inflows, bucking the trend of outflows from other crypto assets. Franklin Templeton’s own XRP fund alone reported $28.6 million in weekly volume. In comparison, Bitcoin saw $2.8 billion in outflows during the same period, suggesting that institutions are shifting capital toward XRP and other regulated tokens.
Technical Outlook: Eyes on $3 Resistance
XRP is currently trading around $1.83, recovering well from its November 2024 low near $0.50. Analysts are watching the $3–$3.05 range closely; a decisive weekly close above this level could trigger a breakout toward the July 2025 high near $3.50, which also aligns with projected 2026 upside targets.
The weekly RSI sits in the low-to-mid 40s, indicating a corrective phase rather than a full bearish trend. As long as XRP stays above the mid-$1.50 zone, the technical picture favors consolidation leading to a potential reversal rather than a deeper drop.
Could Meme Coins Ride XRP’s Momentum?
Traders are also eyeing related projects like Pepenode (PEPENODE), a mine-to-earn browser game that has raised nearly $2.5 million during the presale. The project allows users to “mine” coins virtually, aiming to replicate the success of PEPE tokens during XRP’s previous rally. Pepenode presale tokens are currently priced at $0.0012161 and can be purchased with ETH, BNB, USDT, or even a credit/debit card.
With institutional adoption and technical indicators pointing toward potential strength, XRP could be gearing up for a breakout above $3, sparking fresh interest across both mainstream and niche crypto markets.
