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Ripple has just announced a big development for the XRP Ledger (XRPL) community in the Asia-Pacific (APAC) region. Partnering with Tenity Global, Ripple is set to launch an XRPL Accelerator Program aimed at supporting blockchain startups and developers across APAC.
The program will run for 12 weeks and focus on some of the hottest sectors in crypto right now: real-world asset (RWA) tokenization, institutional decentralized finance (DeFi), and AI-powered blockchain applications. Selected projects could receive up to $200,000 in funding to help bring their ideas to life.
Ripple’s APAC Managing Director, Fiona Murray, opened up about Singapore’s growing status as a leader in digital innovation, saying this accelerator will help unlock new talent and practical use cases on the XRP Ledger.
XRP Price Outlook: Signs of a Short-Term Breakout
Meanwhile, XRP’s price action is showing some strength in line with broader crypto market movements. As Bitcoin, Solana, and Ethereum enjoy short-term gains, XRP too has started to push higher.
XRP recently broke above a key resistance level around $2.25.If this breakout holds, the next target zone lies between $2.31 and $2.35.
If XRP can close a daily candle above $2.35, it could rally further towards $2.43-$2.44, and possibly test recent highs near $2.60. That would represent about a 10% upside move from current levels.
As always in crypto, Bitcoin’s price direction tends to influence altcoins like XRP. With the crypto market looking a bit more bullish in the short term, XRP traders and holders might see some positive price action ahead, as long as Bitcoin holds its ground.