Key Takeaways:
-
The price of XRP has risen to 22% in the last 24 hours, reaching a new full time of $ 3.66.
-
The usual regulation of the US regulation increases tails.
-
Momentum indicators suggest that the XRP has a more room to run: Bull Pennant targets $ 14.
XRP (XRP) The price set a historic milestone, which rises to its highest level on Friday as the major cryptocurrency bills passed the US House and entrepreneurs stacked.
XRP Market Cap passes $ 200 billion milestone
XRP market cap moved 12% in the last 24 hours and 63% in the last 30 daysexceeding the $ 210 billion mark on the first time at a record of a record of $ 216 billion on Friday.
The day -to -day XRP trading volume is more than double the day up to $ 22.5 billion, strengthening the severity of the bulls.
Related: XRP price ‘high rare’ setup eyes 60% get past $ 3, says veteran businessman
The derivatives market also saw its trading volume of more than double the last 24 hours to $ 48.44 billion as the open interest has risen to a new note of $ 10.98 billion.
Price acquisitions were partially -fueled by $ 73.17 million in short to avoid XRP position, compared to more than $ 29 million in long liquids.
New crypto regulation enhances XRP prices
XRP rally comes as Three major pieces of crypto law have passed The US House of Representative, with the Genius Act set to establish a federal framework for stablecoins.
It aligned with ripple’s Rlusd Stablecoin ambitions, strengthening the investor confidence.
🇺🇸 Update: All three crypto bills pass the House-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 the afternoon signing at the White House. pic.twitter.com/f42vfxut59
– Cointelegraph (@cointelegraph) July 17, 2025
Ripple’s application For a US banking license earlier this month, in conjunction with a Federal Reserve Master Account, this is a position for a deeper integration with the financial system.
But already, institutional demand grows as companies such as Vivopower and Webus Plans to buy $ 421 million in XRP For their corporate treasury.
In addition, the increasing speculation -haka around the potential US SPOT XRP Exchange-Traded Fund (ETF) approvalFollowing the success of Bitcoin and Ethereum ETF, it helps to optimize fuel.
The odds of the US Securities and Exchange Commission to approve an XRP ETF area in 2025 were 85% to Friday, according to Polymarket Data.
These positive foundations, combined with the upcoming Ripple resolution of the SEC lawsuit, created a bullish narrative, which drives XRP prices to new heights.
How high is the price of XRP?
The moving average indicator of the difference -away of convergence (MACD) make a bullish cross while the XRP/USD trading pair has proven a bull pennant on the weekly chart.
The MACD is a momentum indicator that complies with the trend that measures the relationship between two exponential moving prices average. It is used to detect potential buys or sell signals, recurrences, and measure price movement strength.
The MACD has made a “bullish cross on XRP,” Says Mikebull Crypto on an X post on Friday, adding:
“The real party is set to start.”
The Weekly KaMag -Kamag -child index (child -child (RSI), Meanwhile, suggests that the XRP has a lot of room to run before reaching the overwhelming level, as in 2018 and December 2024 tops of the cycle.
“The RSI on the weekly chart is nothing close to 2018,” Says pseudonymous cryptohado analyst on an X post on Friday, adding:
“We are in full price discovery mode.”
The Bull Pennant In the weekly project chart a 305% rally at XRP prices up to $ 14.
Many analysts are convinced that the XRP is going to double prices, driven by Institution demand and Other Technical Bullish Setups.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
