XRP Soars 9% as Ripple’s Partnerships and ETF Demand Fuel Bullish Outlook

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<a href="https://jpykr.com/xrp-usd/">Ripple</a> (<a href="https://pricpr.com/xrp-usd/">XRP</a>) News Today: May 13

Ripple, the company that created the cryptocurrency XRP, is back in the news thanks to new partnerships with several prominent companies.

The token’s price has increased by 9% in the last month, and continued interest from institutional investors hints that it could climb even higher.

Partnerships and More

This week, Ripple secured $200 million in financing through a debt facility managed by Neuberger Specialty Finance, a division of the investment firm Neuberger.

This new funding will allow Ripple Prime (previously Hidden Road) to grow its services and assist a wider range of institutional clients. Ripple also highlighted the increasing need for dependable, large-scale financial solutions in both traditional and digital asset markets. Noel Kimmel, President of Ripple Prime, commented on the development.

This new facility allows us to expand with our clients by boosting profitability, speeding up our response times, and using our capital more effectively. Neuberger Specialty Finance understands our business and asset-based finance well, and their investment demonstrates the strength of our prime services platform and our potential for future growth.

Peter Sterling, head of Neuberger Specialty Finance, praised Ripple Prime for creating a new brokerage platform that successfully blends cutting-edge technology and flexibility with the strong security and reliability of traditional banking.

The move attracted attention from many in the crypto world. Vincent Van Code, a well-known user on X, suggested this signals Ripple’s entry into providing real financial liquidity.

They predict that the value of Land will increase dramatically, from $200 million to $20 billion on the blockchain. They also believe XRP will become essential not just for transferring assets, but also for providing margin trading capabilities.

Levery, a Brazilian company specializing in fintech and blockchain infrastructure, has partnered with Ripple UDAX and FGV, a local research foundation, to help Latin American banks access on-chain liquidity. UDAX, or the University Digital Asset Xcelerator, is a collaborative project between Ripple’s University Blockchain Research and UC Berkeley.

The ETF Front

Demand for spot XRP ETFs is increasing, with investors pouring millions of dollars into them each day. May 11th saw a particularly large influx of over $25 million – the highest amount since January. Before that, more money flowed *out* of these ETFs than *in* on April 30th.

When new money is invested in these products, the companies issuing them need to purchase real XRP to support the shares being sold. This consistent buying pressure can increase XRP’s price, particularly if demand exceeds the amount available.

Several companies, including Canary Capital, Bitwise, Franklin Templeton, Grayscale, and 21Shares, offer these types of ETFs in the United States. Since their introduction, these ETFs have collectively attracted over $1.36 billion in investments.

RLUSD’s Progress

While Ripple is famous for its cryptocurrency, XRP, it also offers a stablecoin called RLUSD, which is designed to always be worth the same as one U.S. dollar.

Launched in late 2024, RLUSD has quickly been adopted by major financial institutions and exchanges like BNY Mellon, Binance, and OKX. Most recently, Quick AI announced that RLUSD is now supported on its Q402 payment system.

The announcement states that users can now pay with RLUSD without needing to worry about gas fees, as Q402 handles the transaction costs. Each payment will also include a Trust Receipt – a secure, digital record that can be easily shared and verified directly in a web browser.

Currently, the stablecoin is valued at nearly $1.6 billion, ranking it as the 56th largest cryptocurrency by market capitalization.

XRP Price Outlook

The asset is currently trading around $1.42, having risen a strong 9% in the last month. Several signs point to a potential further price increase. Recently, well-known analyst Ali Martinez noted that the TD Sequential indicator is suggesting a buying opportunity for XRP, with a possible price target of $1.82 if it can break past the $1.45 resistance level.

Santiment, an analytics platform, recently reported a record number of token holders – 332,230 wallets now hold at least 10,000 tokens.

Generally, when more investors with significant holdings are buying and holding XRP, it suggests they’re confident in its long-term potential, rather than just trying to profit from quick price changes. This is particularly interesting because XRP has been trading below its previous peak for much of the year, indicating that many investors are choosing to buy when prices are down, instead of following upward trends, according to the team.

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2026-05-13 17:59