XRP has surged to $3.16, breaking out of a two-month compression phase, indicating renewed investor confidence. The cryptocurrency's bullish momentum has traders targeting resistance levels around $3.60, though analysts warn of potential short-term pullbacks. In a significant regulatory development, the Hong Kong Monetary Authority (HKMA) has proposed easing capital requirements for banks holding regulated digital assets. This initiative aims to align with Basel Committee standards, potentially boosting institutional liquidity and adoption of tokenized financial products. The HKMA's proposal includes lower capital charges for stablecoins with strong governance, positioning Hong Kong as a leader in tokenized finance.