XRP Surge Tops Latin America as Meliuz Reports Strong Q1 Data
XRP surge has made it the top-performing crypto in Latin America this month. The token jumped over 40% on regional exchanges. Traders attribute the rally to increased remittance flows and improved platform support. On-chain volume also reached record levels. The XRP surge also reflects growing merchant and institutional interest. Meanwhile, Brazilian cashback fintech Meliuz posted stellar Q1 results. Revenue rose 112% year-on-year to R$254 million. Net income hit R$15 million. Growth was driven by new e-commerce partnerships and higher user engagement. This dual development underscores rising crypto adoption across Latam. Traders should watch for continued momentum in XRP. The strong financials from Meliuz may boost confidence in the regional digital economy and support further asset inflows.
Bullish
The unexpected XRP surge in Latin America signals heightened demand for cross-border payments and stronger on-chain activity. Historically, similar remittance-driven rallies—such as during the 2021 crypto boom—led to sustained price appreciation over subsequent weeks. The 40% jump and record volumes suggest both retail and institutional buyers are reallocating capital into XRP. In the short term, traders may capitalize on momentum and increased liquidity, while sustained platform support could drive further gains. Over the longer term, growing merchant adoption and integration into remittance corridors may cement XRP’s role as a bridge currency, underpinning continued upward pressure on price.