- XRP reserves on Bitpanda surged 797% in just one hour, signaling massive investor demand.
- JP Morgan officially recognized Ripple as a “heavyweight in the age of CBDCs” at Money20/20.
- XRP trades around $2.80, with growing institutional support and rising CBDC adoption boosting long-term outlook.
XRP has been buzzing across the crypto space lately, and honestly—it’s not hard to see why. JP Morgan, the banking giant, has now labeled Ripple a “heavyweight in the age of CBDCs.” That’s not just a throwaway line, it’s an institutional stamp of approval. At the same time, XRP reserves on exchanges shot up by a staggering 797% in just one hour, sparking fresh debates around price action and what role XRP might play in the future of money.
Bitpanda’s XRP Reserves Surge 797% in One Hour
One of the biggest shockwaves came from Europe. Bitpanda Exchange suddenly boosted their XRP stash from around 156,000 tokens to more than 717,000 in just 60 minutes. That’s a near 8x jump—797% to be exact. Market watchers at first thought maybe it was just a liquidity shuffle or maintenance. But the exchange later hinted this spike was tied directly to surging demand, with XRP being flagged as a “highly-sensitive” asset, especially under today’s regulatory spotlight.
Lukas Enzersdorfer-Konrad, Bitpanda’s deputy CEO, even said he believes Ripple’s coin could smash through its previous all-time high of $3.65 once altseason truly gets underway. Given that the Altseason Index currently sits at 61, the odds of that happening might not be far-fetched.
JP Morgan Gives Ripple a Seat at the Big Table
Meanwhile, at the Money20/20 conference, JP Morgan highlighted Ripple in its official materials under the “Money reimagined” banner. That’s a big deal—because it places Ripple right in the middle of conversations about Central Bank Digital Currencies (CBDCs) and the future of payments worldwide.
The discussions ranged from developed markets working on the Digital Dollar and Digital Euro, to emerging economies that might actually adopt Ripple’s tech to leapfrog outdated financial infrastructure. Crypto researcher SMQKE captured the moment best: “JP Morgan considers Ripple a heavyweight in the age of the CBDCs.” It’s not every day you hear traditional banking leaders talk about crypto like that.
XRP Price, Market Action, and CBDC Connection
Price-wise, XRP is sitting near $2.80 right now, according to CoinGecko. That’s about 25% off its recent peak, but despite the dip, reserves on exchanges are still swelling. More than $14.8 million of the $17.7 million in daily liquidations came from long positions—showing that traders aren’t shying away from risk even after pullbacks.
Zooming out, the bigger narrative becomes clear. With 49 countries running CBDC pilots and over 100 exploring digital currencies, XRP’s recognition by JP Morgan is like fuel for its long-term story. Nigeria, Jamaica, and the Bahamas already have national digital currencies live. If XRP continues to be positioned as a backbone for cross-border CBDC transactions, the upside might stretch way beyond short-term price moves.
For now, the takeaway is simple: XRP is no longer just a speculative bet—it’s being acknowledged by banks, governments, and whales alike. That mix of institutional validation and swelling reserves might just rewrite the XRP price prediction models we’ve all been using until now.
