XRP Soars Past $2.20 Despite Security Breach, Eyes $3 Milestone as Institutional Interest Surges
Ripple’s native cryptocurrency, XRP, broke past a key resistance level of $2.20 on Tuesday, defying a significant cybersecurity scare tied to its development ecosystem. The rally reflects growing market confidence, supported by fresh institutional momentum and bullish investor sentiment.
XRP Price Rallies Amid Renewed Optimism
The XRP token is currently trading around $2.22, showing strong upside momentum. Technical indicators, including the Relative Strength Index (RSI) and both the 50-day and 100-day Exponential Moving Averages (EMAs), continue to point toward bullish sentiment. Analysts are now setting their sights on the next psychological barrier: $3.00.
This positive trend follows recent remarks by U.S. President Donald Trump, who confirmed that he has no plans to remove Federal Reserve Chair Jerome Powell and even urged proactive interest rate cuts. The statement triggered a surge across risk assets, pushing up Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.
Ripple Development Hit by Security Breach
Despite the price action, the Ripple ecosystem faced a serious security issue. The official JavaScript library used to build XRP applications xrpl.js was compromised in a supply chain attack. Hackers inserted malicious code designed to steal wallet seeds and private keys within several versions of the open-source npm package.
Security firm Aikido labeled the incident a “potentially catastrophic breach,” warning that hundreds of thousands of applications relied on the affected library. The malicious code was embedded in the /src/index.ts file, cleverly masked to avoid detection.
Developers have been strongly advised to:
- Rotate private keys
- Disable master keys
- Upgrade to xrpl.js version 4.2.5
XRP Ledger Foundation Acts Quickly
The XRP Ledger Foundation moved swiftly to remove the infected versions from its repositories and confirmed that major platforms, including XRPScan, First Ledger, Gen3 Games, and Xaman Wallet, were not impacted by the breach.
For added safety, users operating on the 2.14.x branch should immediately update to version 2.14.3 to eliminate any risk.
Despite the scare, XRP’s price remained resilient, signaling strong investor confidence. The token’s market capitalization has climbed to over $125 billion, with its fully diluted value approaching $215 billion, based on CoinGecko data.
Institutional Investment in XRP on the Rise
XRP’s recent price surge aligns with a broader shift in institutional interest. Since Trump’s 2024 election win, the token has skyrocketed more than 300%.
Several major asset managers are now awaiting SEC approval to launch XRP-backed ETFs, reflecting a potentially transformative moment for the Ripple ecosystem.
In another notable move, Coinbase has launched XRP futures contracts on its U.S.-based derivatives exchange, a clear sign of expanding institutional demand.
Additionally, Uphold CEO Nancy Beaton announced that RLUSD, a Ripple-linked stablecoin, can now be converted into gold, with all transactions automatically bridging through XRP, boosting real-world use cases.
Outlook: XRP Bulls Target $3, but Risks Remain
While XRP eyes a push toward the $3.00 mark, analysts caution that a drop below key support levels (the EMAs) could trigger a retreat toward $2.00 or even $1.80.
Still, data from Coinglass reveals rising open interest and a bullish long-to-short ratio of 1.02, indicating that most traders are betting on continued gains.
At press time, XRP is holding firm near $2.20, standing as a symbol of both technical strength and increasing institutional validation.
The latest developments show that Ripple (XRP) is navigating both opportunity and risk. With legal challenges still unfolding and new technical threats emerging, the road ahead may be bumpy. But as institutional backing grows and broader market sentiment improves, XRP remains one of the most watched and promising digital assets in the crypto space.
