Key takeaways:
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XRP worth surged 22% during the last 24 hours, reaching a brand new all-time excessive of $3.66.
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Favorable regulatory motion within the US is including tailwinds.
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Momentum indicators recommend XRP has extra room to run: bull pennant targets $14.
XRP (XRP) worth set a historic milestone, rising to its highest stage on Friday as main cryptocurrency payments handed the US Home and merchants piled in.
XRP market cap passes $200 billion milestone
The XRP market cap has surged 12% during the last 24 hours and 63% in the last 30 days, surpassing the $210 billion mark for the primary time to a document excessive of $216 billion on Friday.
XRP’s each day buying and selling quantity has additionally greater than doubled on the day to $22.5 billion, reinforcing the depth of the bulls.
Associated: XRP price ‘highly rare’ setup eyes 60% gain past $3, veteran trader says
The derivatives market too noticed its buying and selling quantity greater than double during the last 24 hours to $48.44 billion whereas the open curiosity climbed to a brand new document of $10.98 billion.
The value beneficial properties have been partially fueled by $73.17 million briefly XRP place liquidations, in comparison with simply over $29 million in lengthy liquidations.
New crypto regulation boosts XRP worth
XRP’s rally got here as three key pieces of crypto legislation passed the US Home of Representatives, with the GENIUS Act set to ascertain a federal framework for stablecoins.
This aligns with Ripple’s RLUSD stablecoin ambitions, boosting investor confidence.
🇺🇸 UPDATE: All three crypto payments have handed the Home – CLARITY Act (294-134), GENIUS Act (308-122), and Anti-CBDC Act (219-210).
The GENIUS Act now heads to President Trump’s desk for signing tomorrow afternoon on the White Home. pic.twitter.com/f42VfXuT59
— Cointelegraph (@Cointelegraph) July 17, 2025
Ripple’s application for a US banking license earlier this month, alongside a Federal Reserve grasp account, positioned it for deeper integration into the monetary system.
Nevertheless, institutional demand is already rising as corporations like VivoPower and Webus plan to purchase $421 million in XRP for his or her company treasuries.
Moreover, growing hypothesis round potential US spot XRP exchange-traded fund (ETF) approvals, following the success of Bitcoin and Ethereum ETFs, helps gas optimism.
The percentages of the US Securities and Change Fee approving a spot XRP ETF in 2025 have been at 85% as of Friday, in response to Polymarket data.
These constructive fundamentals, mixed with Ripple’s upcoming decision of its SEC lawsuit, have created a bullish narrative, which is driving XRP worth to new heights.
How excessive will XRP worth go?
The shifting common convergence divergence indicator (MACD) produced a bullish cross as the XRP/USD buying and selling pair validated a bull pennant on the weekly chart.
The MACD is a trend-following momentum indicator that measures the connection between two exponential shifting averages of the worth. It’s used to identify potential purchase or promote alerts, development reversals and gauge the energy of worth actions.
The MACD has produced a “bullish cross on XRP,” said Mikybull Crypto in an X publish on Friday, including:
“The true celebration is ready to start.”
The weekly relative energy index (RSI), means that the XRP has extra room to run earlier than reaching overheated ranges, such as within the 2018 and December 2024 cycle tops.
“The RSI on the weekly chart is nowhere near 2018,” said pseudonymous analyst CryptoHado in an X publish on Friday, including:
“We’re in full worth discovery mode.”
The bull pennant on the weekly chart tasks a 305% rally in XRP worth to $14.
Quite a few analysts are satisfied that XRP is on its approach to double-digit costs, pushed by institutional demand and other bullish technical setups.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
