XRP Rallies as Ripple Bets $6m on Squid to Embed XRPL
XRP rallied, rising 3.44% to $1.36 as Ripple invests $6 million in Squid as part of a broader plan to embed its XRP ledger into the emerging interoperability layer that is steadily reshaping how blockchains connect and exchange value.
Trading volume has started to ease, down 33% in the last 24 hours to $1.44 billion, with market capitalisation at $84.2 billion. XRP price movement mirrored overall crypto market momentum, boosted by optimism around US-Iran peace talks.
Data from a crypto exchange showed that the total crypto market cap increased by 2.77% in the last 24 hours, with Bitcoin gaining 2.93%.
XRP’s 3.44% move closely tracks this beta-driven upswing. A key macro catalyst noted in social chatter is the reduced geopolitical risk from the Iran-Israel ceasefire, which is seen redirecting capital flows back into digital assets.
Technically, XRP is testing the 78.6% Fibonacci retracement level at $1.36. The immediate bullish scenario requires a clean break and close above the $1.40 resistance to target $1.46.
The bearish risk is a rejection here and a break below the recent swing low of $1.31, which could see a retest of the $1.29–$1.30 consolidation support.
The 24-hour gain is a beta-driven recovery, supported by subtle on-chain accumulation. For the uptrend to extend, XRP needs to decisively reclaim higher resistance levels.
Ripple has deepened its push into cross-chain infrastructure with a $6 million investment in Squid, a routing protocol that already spans more than 100 blockchains and processes over $6 billion in routed transactions.
Other key investors in the funding include Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital. Crypto analysts said the move goes beyond a typical funding round.
It signals Ripple’s intent to embed the XRP Ledger (XRPL) into the emerging interoperability layer that is steadily reshaping how blockchains connect and exchange value. Squid’s core innovation is its intent-based execution model, which removes the need for manual bridging.
Instead of users moving assets step by step between networks, they simply define what they want to do, and the system automatically handles routing, liquidity sourcing, and settlement through market makers and Trusted Execution Environments. XRP Rebounds to $1.38 as Ripple Partners Project Eleven
