XRP continues to stamp its authority in the crypto space, given that it recently topped CoinMarketCap’s most bullish poll after garnering more than 1.1 million votes.
Therefore, this poll shows that 91.3% of participants believe XRP has all it takes to become one of the top 100 cryptocurrencies.
This outcome might be due to a potential mix of ecosystem catalysts, investor sentiment, and technical setups.
For instance, XRP’s open interest continues to soar above the $4 billion mark, signalling heightened market liquidity and activity.
Technical indicators also paint a bullish XRP picture with market analyst Vlad Hryniv recently stipulating, “XRP is flashing bullish signals after bottoming around April 7. A W-shaped double bottom is forming — often a strong reversal pattern. If we break above $2.35–$2.36 resistance, next stops are $2.44 and possibly $2.60.”
XRP is also primed to soar to the psychological price of $5 upon exiting an ascending triangle.
At the time of this writing, XRP was traversing the $2.25 zone, according to CoinGecko data.
Ripple’s $5 Million Investment in APAC
To spur blockchain innovation in the Asia-Pacific (APAC) region, Ripple intends to pump in more than $5 million via its University Blockchain Research Initiative (UBRI).
This move is meant to nurture next-generation blockchain talent in Australia, Taiwan, Singapore, Japan, and South Korea.
Therefore, Ripple intends to enhance APAC’s potential as a strategic hub for real-world deployment, innovation, and blockchain talent.
Through this investment, the above nations will be able to catalyze developer ecosystems on the XRP Ledger (XRPL) and boost academic infrastructure.