XRP Gains 8.7% to $1.54 Amid Bullish Chart and New Custody Service

XRP climbed 8.7% in 24 hours, reaching $1.54 and briefly touching $1.57 before settling back near the $1.54 level.

Peter Brandt’s Long‑Term Projection

Veteran trader Peter Brandt shared a monthly chart on X that he says implies an eventual advance to $5.40. He emphasized that the chart is a price outlook, not a documented trade, and that any claim of a trade would require proof of entry and exit.

Price Action Details

During the session XRP traded between $1.41 and $1.57, a range of about 11%. The low of $1.41 occurred early, followed by a steady rise that peaked at $1.57 before easing back to $1.54.

Institutional Developments

South African lender Absa launched Absa Digital Asset Custody, a service built on Ripple’s custody technology, marking the first rollout of the partnership announced 11 months earlier.

Asset manager 21Shares highlighted four pillars for XRP’s investment case: regulatory clarity, institutional access, measurable utility, and fixed supply. The firm noted growing activity on the XRP Ledger (XRPL), including about $4 billion in tokenized assets and roughly $1.6 billion of RLUSD, with more than half circulating on XRPL.

Regulatory Context

The rally followed the U.S. Senate’s 49‑50 vote rejecting cloture on the CLARITY Act. Ripple’s legal team reiterated that the outcome does not alter XRP’s established legal position as a digital commodity.