XRP Eyes $7 as Goldman Sachs & BNY Mellon Tokenize $7.1T
XRP is poised for a major breakout after completing a classic cup-and-handle pattern, with leading analyst Crypto Bull forecasting a $7 target on strong volume. Trading around $2.91, XRP’s technical setup aligns with a broader forecast of a potential 200% rally to $9.63 over the next cycle. Concurrently, Goldman Sachs and BNY Mellon have launched an initiative to tokenize $7.1 trillion in money market funds, aiming to streamline settlements, reduce costs, and enable real-time transactions. Ripple’s blockchain infrastructure and XRP liquidity solutions have been integrated into this project, highlighting Ripple’s role in bridging legacy finance with digital rails. For traders, the technical signal on XRP combined with high-profile institutional adoption underlines both short-term trading opportunities and a long-term shift toward blockchain-based asset management.
Bullish
The news is bullish for XRP on two fronts. Technically, completing a cup-and-handle pattern on higher timeframes often leads to explosive rallies; a confirmed breakout toward $7 would represent a near 140% gain from current levels. Institutionally, Goldman Sachs and BNY Mellon’s decision to tokenize $7.1 trillion in money market funds signals deepening trust in blockchain infrastructure. Ripple’s integration underscores XRP’s growing utility in high-value settlements. This mirrors past events where major banks adopting blockchain (eg, Barclays’ R3 consortium) lifted associated tokens. In the short term, traders may chase the breakout momentum; in the long term, large-scale tokenization projects could secure sustained demand for XRP, bolstering liquidity and market confidence.