XRP Surges Past Key Resistance, Targets $3.40 All-Time High
XRP has broken through critical resistance levels, signaling a potential sustained uptrend. The cryptocurrency, which had been trading sideways for an extended period, has now emerged from a bull flag pattern—a technical formation often indicative of sharp price advances. With current momentum pointing toward targets of $3.20 and ultimately the record $3.40 level, XRP is trading at $2.76 with a 7% daily gain, showcasing its tendency for rapid, uninterrupted moves. This development has reignited bullish sentiment among traders and investors, who are now eyeing a potential retest of its all-time high. As of July 30, 2025, the market is closely watching whether XRP can sustain this breakout and continue its upward trajectory.
XRP Breaks Key Resistance, Eyes $3.40 All-Time High
XRP has surged past critical resistance levels, signaling a potential sustained uptrend. The cryptocurrency, long confined to a sideways trading range, has now broken free from its bull flag pattern—a technical formation often preceding sharp price advances.
Current momentum suggests targets of $3.20 and ultimately the record $3.40 level. Trading at $2.76 with 7% daily gains, XRP exhibits its characteristic tendency for rapid, uninterrupted moves once momentum builds.
Elliott Wave analysts note the emergence of a 'one-two setup' pattern, mirroring the configuration that accurately predicted last year's rally. Immediate resistance now lies between $2.90-$3.00, with traders watching for a potential retest of historic peaks.
ProShares Announces XRP ETF Launch Set for July 2025 Amid Crypto Market Optimism
ProShares, a leading asset management firm, has confirmed the launch of its XRP Exchange Traded Fund (ETF) on July 18, 2025. The ETF's listing on the DTCC platform signals regulatory readiness and market demand, positioning it as a pivotal development in the crypto investment landscape.
The announcement coincides with XRP's upward trajectory, fueling expectations of heightened institutional interest. Analysts anticipate the ETF will simplify crypto exposure for large-scale investors, potentially driving further capital inflows into the digital asset space.
Market observers highlight the timing as strategic, aligning with broader crypto adoption trends. The ETF's introduction could catalyze renewed attention on XRP's utility and value proposition within payment-focused blockchain applications.
Ripple’s XRP Lawsuit: Clarity Pending Despite Early Victory Declaration
Ripple CEO Brad Garlinghouse's March 2024 proclamation of victory in the SEC lawsuit now appears premature as legal proceedings linger. While the SEC initially dropped its case and Ripple withdrew its cross-appeal, final resolution awaits court approval of penalty adjustments and injunction vacatur.
Former SEC attorney Marc Fagel suggests such declarations WOULD typically raise regulatory concerns if made by public companies during pending litigation. The crypto community now eyes August 15 for potential clarity, maintaining XRP's position in a regulatory gray area despite Ripple's earlier triumphant stance.
XRP Lawsuit Resolution Unlikely Before July 14, Says Former SEC Attorney
Speculation about a potential settlement between Ripple and the SEC before July 14 has been dismissed by former SEC attorney Marc Fagel. The XRP community's anticipation grew after a closed-door SEC meeting, but Fagel emphasized the lengthy process required for enforcement recommendations. "Not on a weekend they won’t," he stated, noting that such decisions typically take one to two months for SEC review and a formal vote.
Legal experts, including James K. Filan, support Fagel's view, pointing out that Judge Analisa Torres currently has no jurisdiction over the case. The absence of a pending motion further reduces the likelihood of an imminent resolution. Market participants are advised to temper expectations as the legal process unfolds.
ProShares XRP ETF Launch on July 18 Could Catalyze Ripple Price Rally
XRP is reclaiming the spotlight as ProShares confirms the debut of its XRP-linked ETF on July 18, 2025—a strategic timing coinciding with crypto Week. The fund’s appearance on the DTCC platform and final SEC amendment under Rule 485(b)(1)(iii) signal institutional readiness. Analysts anticipate fresh capital inflows from heavyweight investors, potentially propelling XRP’s valuation.
Market momentum already shows promise: Teucrium’s Leveraged XXRP ETF has amassed $160 million in assets despite steep fees, while daily volumes for XRP derivatives surge 4-5x above average. The ETF’s launch dovetails with rumors of a 'Crypto Blue Chip ETF' tied to Trump’s Truth Social platform, where XRP reportedly features as a core holding.
XRP Sees Unprecedented $2.39B Net Inflow in One Hour on Upbit
XRP recorded a historic $2.39 billion net inflow within a single hour on Upbit, South Korea's largest crypto exchange by volume. Chad Steingraber, a prominent XRP community figure, highlighted this milestone, noting that the asset had never before seen $1 billion in hourly net inflows until now.
The surge follows earlier spikes, including a $1.58 billion inflow on July 7 and $1.98 billion in trading volume the same day. Upbit has emerged as the epicenter of this activity, with Steingraber tracking escalating volumes and inflows over consecutive days.
