XRP Soars 300% in 30 Days as Global Finance Flips the Script

Ripple's XRP just mooned past every skeptic's spreadsheet—crushing resistance levels like a bull in a crypto china shop.

The catalyst? Old money finally blinked.

Central banks from Singapore to Switzerland are quietly testing XRP-led liquidity corridors. Meanwhile, Wall Street's legacy rails—SWIFT, nostro accounts, the whole creaky plumbing system—are getting outmaneuvered by blockchain's 3-second settlements. (Take that, $6 trillion in trapped capital.)

Institutional FOMO hits different

Hedge funds that mocked "grandma's crypto" last year now hold record XRP futures. Even the IMF's latest report nods to "tokenized solutions" through gritted teeth. The irony? Banks spent a decade lobbying against Ripple—now they're paying $10M+ for enterprise licenses.

Watch the dominoes fall

With Japan's megabanks going live on XRP-powered remittances next quarter, the real question isn't if traditional finance adopts—it's how fast they'll rebrand their reluctance as "visionary strategy."

Developments in the U.S. and Japan

The U.S. Securities and Exchange Commission (SEC) has scheduled a review of Ripple’s appeal withdrawal decision, which was planned for August 7th at 03:00 UTC. This review has reignited discussions on whether XRP will be classified as a security under U.S. law. Concurrently, Japan-based SBI Holdings has moved forward with its Bitcoin$0.000047-XRP exchange-traded fund application, reigniting corporate interest.

Speculation has emerged suggesting that certain companies might acquire approximately $1 billion worth of XRP. These institutions aim to diversify their asset management portfolios. SBI Holdings’ application is speculated to further amplify international interest in XRP.

Summary of Price Movements

Within the last 24 hours, XRP traded in the range of $2.91 to $3.02, with a notable surge observed between 15:00 and 16:00 UTC. During this period, XRP’s price increased from $2.95 to $3.02, nearing triple the average daily trading volume. Particularly on the Upbit exchange, transactions amounted to a staggering $95 million.

As the trading session concluded, XRP prices stabilized between $2.98 and $3.00. This consolidation suggested that investors were keenly monitoring ongoing market developments, aiming to predict short-term price movements.

Technical Analysis and Future Outlook

According to technical data, XRP surpassed resistances at $2.87, $2.92, and $2.97, yet failed to maintain above $3.02, before retreating to $2.98. During this period, the buying volume reached 2.11 million units in just 10 minutes.

The $2.98 mark emerged as a crucial short-term support. If the price sustains at this level, targets are anticipated at $3.05 and $3.14. The results of the ETF application and announcements from the SEC are expected to have significant price implications.

Market participants are closely watching the SEC’s decision and the implications of the ETF filing. Furthermore, trading volumes on platforms like Korea’s Upbit and other global exchanges underscore sustained investor interest. All eyes remain on the forthcoming statements from the SEC and institutions.

Ripple$0.006991 CEO Brad Garlinghouse remarked, “Regulatory clarity could positively impact XRP and the entire market.”

The anticipated legal and institutional developments are expected to have the potential to steer XRP’s price direction. Experts suggest that in the medium term, the price may test new resistance levels. News in the coming weeks from both U.S. and international entities could be pivotal in shaping price movements.