Axelar and Ripple Partnership Boosts XRP Ledger Interoperability
In February 2025, blockchain interoperability protocol Axelar (AXL) announced a strategic partnership with fintech giant Ripple to enhance the XRP Ledger (XRPL). This collaboration aims to improve cross-chain connectivity, unlocking new use cases for XRPL and fostering developer adoption.
Key benefits of the partnership include:
- Seamless multi-chain integration for XRPL.
- Expanded utility for XRP beyond traditional payment solutions.
- Increased liquidity and developer engagement.
👉 Learn more about Axelar’s cross-chain solutions
Canary Capital Files S-1 for Axelar Spot ETF
Adding to Axelar’s momentum, Canary Capital submitted an S-1 registration with the U.S. SEC for a spot ETF tracking the Axelar token (AXL). This ETF would provide exposure to AXL’s cross-chain capabilities across major ecosystems, including:
- XRPL
- Hedera
- Solana
- Bitcoin
Following the filing, AXL surged 14%, reflecting strong market optimism.
XRP Price Stability and Technical Outlook
At press time, XRP trades at $2.51, up 1.31% in 24 hours. Technical indicators suggest:
- RSI at 50.25: Neutral momentum, allowing room for upward or downward movement.
- MACD bullish: Signal line crossover supports short-term upside potential.
- EMA-20 recovery: Key support level holds at $2.48.
FAQ
Q: How does the Axelar-Ripple partnership benefit XRP?
A: It enhances XRPL interoperability, enabling cross-chain applications and attracting developer activity.
Q: What is the significance of the Axelar ETF filing?
A: Institutional interest in AXL could extend to XRP, reinforcing long-term adoption.
Q: Is XRP currently overbought?
A: The neutral RSI suggests balanced momentum, with potential for both gains and corrections.
Q: What’s next for XRP price action?
A: A retest of $2.48 (EMA-20) could determine near-term direction.
Conclusion
The Axelar-Ripple collaboration marks a pivotal step for XRPL’s growth, while the AXL ETF filing signals institutional confidence in cross-chain infrastructure. With XRP holding steady, traders eye key technical levels for breakout opportunities.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.