coinpedia 2025-05-13 02:57:18

Why is XRP Price Going Up Today?

The post Why is XRP Price Going Up Today? appeared first on Coinpedia Fintech News XRP has been seeing a nice price push lately and at the time of writing, it is up by more than 3%. Trading at $2.43, there are a few reasons why XRP is rallying. . One of the biggest factors is a new bill being discussed in Missouri called House Bill 594. If it passes, it would let people in the state deduct all capital gains taxes from profits made on things like Bitcoin and XRP. That means if someone makes money trading these, they won’t have to pay taxes on those profits — and that’s huge news for crypto investors in the U.S. XRP Adoption Continues to Rise in 2025 Another reason is that more people are holding XRP than ever before. So far in 2025, the number of XRP holders has gone up by 11%, showing growing interest in the coin. On top of that, XRP is now being accepted as a payment method on the travel booking site Travala.com. That means people can use XRP to book hotels and flights, giving it more real-world use. The Ripple team is also making progress on the technology side. XRP is being integrated with Cosmos and building something called EVM sidechains, which basically makes it easier for different blockchains to connect and work together. Plus, Ripple’s custody service now supports a new system for safer storage called shared MPC wallets. They’re also doing well in the tokenization space — that’s where real-world assets like property or stocks are turned into digital tokens on the XRP Ledger. Lastly, on the price prediction side, analyst Ali Charts said that if XRP can break out of its current chart pattern, it might jump as high as $15. Right now, technical indicators like RSI and stochastic RSI are showing bullish signals, hinting that a breakout could be coming soon.