XRP Skyrockets: Game-Changing Developments Fuel Unstoppable Market Rally

XRP just flipped the script—again. The embattled token's 30% surge this week proves the market's memory is shorter than a crypto winter.

Breaking Through the Noise

While regulators play whack-a-mole with other altcoins, XRP's infrastructure partnerships are delivering real-world utility (and making bagholders finally breathe again).

The Institutional Effect

Three Fortune 500 firms quietly integrated RippleNet this quarter—because nothing screams 'adoption' like corporate America hedging its bets with a 'security' that isn't.

Liquidity Tsunami Ahead

With ODL corridors expanding faster than a DeFi exploit, XRP's price action suggests traders are frontrunning the next liquidity wave. Because in crypto, the 'fundamentals' always arrive fashionably late to the party.

Just don't tell the SEC.

$2 announced its application for a national banking license on July 2, Wednesday. These developments collectively strengthen market confidence that the price might surpass the $3 threshold.

ContentsXRP Options Market Shows Strong Indicators of GrowthCurrent Outlook of the XRP/BTC Pair

XRP Options Market Shows Strong Indicators of Growth

According to data provider Amberdata, since July 1, the $3 call options have been the most traded contracts, with investors engaging in aggressive buying while market makers positioned on the opposite side. If the price exceeds $3 by the expiration date of July 25, buyers will gain. In contrast, the $2.80 call option primarily sees sellers in action, reinforcing the belief in higher short-term price targets.

The increasing interest in options aligns with the widespread belief that a spot XRP ETF is nearly certain to be approved. The analysts’ 95% probability estimate notably raises expectations for rapidly growing institutional demand.

Ripple’s national banking license application also bolsters institutional confidence. CEO Brad Garlinghouse highlighted that approval WOULD bring both state (NYDFS) and federal oversight, aiming to set an unprecedented trust standard in the stablecoin market. Market participants assess that this regulatory framework could expand the utility areas for XRP coin.

Current Outlook of the XRP/BTC Pair

Since the peak in April, the XRP/BTC pair on Binance has been limited by a narrowing falling wedge formation. The price’s breakout above the upper trend line on July 2 indicates a loss in the sellers’ strength and a shift in the market dynamics favoring buyers. Falling wedges are often precursors to upward movements, and this breakout has opened pathways for XRP to aim for higher values against Bitcoin$109,801.

However, the 50 and 100-day simple moving averages are still below the 200-day average with a downward inclination. It’s essential to acknowledge that moving averages are lagging indicators. Hence, signals from the formation are considered more critical than the negative crossover of the averages. The market is pricing in both the technical breakout and the ETF approval along with Ripple’s licensing process, supporting the upward potential.

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