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Reading: Ripple and Mastercard Propel XRP to New Heights
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COINTURK NEWS > Altcoin News > Ripple and Mastercard Propel XRP to New Heights
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Ripple and Mastercard Propel XRP to New Heights

In Brief

  • XRP's price surged by 4.9%, reaching $2.35, driven by institutional trading.

  • The XRP Ledger pilot by Ripple and Mastercard boosts XRP's market demand.

  • Dogecoin maintains its trend with institutional support around $0.1620-$0.1670.

İlayda Peker
İlayda Peker 1 month ago
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In a dramatic market shift, XRP’s price surged by 4.9% over the past 24 hours, reaching $2.35 and marking the strongest rise of the week. The breakthrough of the critical resistance at $2.30, coupled with increasing institutional trading volume, has set investors’ sights on the $2.50 benchmark. Meanwhile, Dogecoin $0.1377 saw a modest dip, trading at $0.1657, yet its structural outlook remains stable. The price movements of both altcoins reflect a cautious market structure driven by professional investors.

Contents
Ripple and Mastercard’s Strategic Collaboration Boosts XRP DemandInstitutional Balance in Dogecoin’s Trajectory

Ripple and Mastercard’s Strategic Collaboration Boosts XRP Demand

The key catalyst in XRP’s momentum was the launch of a new payment pilot on the XRP Ledger by Ripple $2.03, Mastercard, WebBank, and Gemini, which is RLUSD-backed. This initiative marks the first instance of a regulated bank in the US conducting real credit card transactions on a public Blockchain.

With RLUSD circulating supply exceeding $1 billion under the New York Trust Charter, the pilot project has expanded Ripple’s ecosystem testing into corporate infrastructures beyond cross-border payments.

XRP

Market data reveals that the breakout, triggered by a $164 million trading volume, propelled XRP to $2.39. The transformation of the resistance level into a support at $2.32 signifies strength, while an uptick in the RSI indicator suggests that momentum remains intact. Continued inflow of institutional funds is deemed crucial for XRP’s trajectory toward the $2.50–2.60 range.

Institutional Balance in Dogecoin’s Trajectory

For Dogecoin, initial institutional acquisitions focused around $0.1620 at the week’s onset. Profit-taking near the $0.1670 range caused a brief price softening, yet the channel structure’s integrity indicates sustained upward trends.

Supported by a trading volume of $774 million, the continued rise underscores strong professional investor interest. Analysts believe that Dogecoin’s resilience at $0.1620 is critical for maintaining channel integrity. Sustained closures above $0.1670 could bring the $0.17–0.175 range back into focus.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 6 November, 2025 - 10:40 am 6 November, 2025 - 10:40 am
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