XRP Jumps 12 % After Major Ripple Partnership Reveal

While market attention oscillates between innovations and institutional strategies, XRP stood out this week with a 12 % increase. This surge is not accidental, as Ripple has just appointed BNY Mellon, a pillar of American finance, as the custodian of its stablecoin RLUSD. In a climate where institutional adoption of cryptos is intensifying, this strategic alliance could well redefine the role of XRP in the crypto economy and strengthen its positioning against giants like Ethereum.

Ripple appoints BNY Mellon to secure its stablecoin RLUSD

On July 1, 2025, Ripple officially announced the appointment of BNY Mellon as the principal custodian of its stablecoin RLUSD, whose supply has been adjusted . This decision, welcomed by investors, coincided with a sharp rise of XRP, whose price rose from $2.15 to $2.40, nearly a 12 % increase over the week.

The arrival of BNY Mellon , founded in 1784 and considered one of the pillars of American institutional finance, considerably strengthens Ripple’s credibility in the strategic stablecoin arena. The announcement comes as Ripple seeks to position its RLUSD as a viable alternative to the dominant stablecoins already in circulation.

According to DefiLlama data , RLUSD is currently operational on both Ethereum and the XRP Ledger (XRPL) blockchain, but its activity remains largely concentrated on the former :

• 87 % of RLUSD activity today takes place on Ethereum, showing that the stablecoin’s integration into the XRPL ecosystem is still limited ;

• The partnership with BNY Mellon could mark a decisive step toward a more significant migration to XRPL, promising faster and cheaper transactions ;

• It anticipates a future integration of smart contracts on the XRPL mainnet, making RLUSD more competitive against its Ethereum rivals, especially in speed and transaction fees ;

• Crypto analyst Eri highlights that Ripple is betting on a long-term strategy: “Ripple (the company) is a long-term player, requiring patience from XRP investors who expect a real impact on the market through utility.”

These elements show a clear intention by Ripple to strengthen the real utility of XRP as a pivot crypto in the adoption of RLUSD on its own network.

A technical setup favorable for a new bullish cycle

Alongside the fundamental announcements, technical analysis also strengthens the bullish outlook around the XRP price . Recently, the crypto broke a neckline of an inverted head-and-shoulders pattern on its daily chart, a configuration generally interpreted as a bullish reversal signal.

This bullish breakout occurred around $2.30, which now acts as a key support level. According to projections from this structure, the next technical target is at $2.87, representing a potential 20 % increase from the breakout point.

But that’s not all: a longer-term reading, on a three-day chart, reveals a possible breakout of a multimonth descending triangle, identified by analyst Mikybull Crypto.

He commented on social network X: “XRP finally breaks a key resistance”. He underscores the potential magnitude of the move if the bullish structure is confirmed. In this scenario, the next price target mentioned would be $3.72 by August, representing an increase of over 55 % from the current level.

If XRP manages to hold its current levels and confirm this double technical breakout, it could enter a new phase of valuation, this time driven by both strong fundamentals and consistent chart dynamics, as evidenced by the bullish explosion perceived by analysts . In the medium term, the future of the crypto could depend on Ripple’s ability to accelerate RLUSD adoption on XRPL, while capitalizing on growing institutional investor interest.