XRP Nears Historic Peak: Whale Accumulation and Regulatory Clarity Fuel Bullish Momentum
XRP is on the verge of reclaiming its all-time high as a 10% price surge brings it within striking distance of the $3.40 peak set in 2018. With weekly gains of 37% and a dramatic 120% increase in daily trading volume, reaching $12-$14.2 billion, the cryptocurrency is demonstrating strong bullish momentum. Notably, whale wallets holding between 100 million and 1 billion XRP have accumulated an additional 2.2 billion tokens, worth approximately $7.1 billion, signaling robust institutional confidence. This accumulation, coupled with growing regulatory clarity and favorable macroeconomic conditions, has analysts optimistic about XRP's potential to break through its previous record. Currently trading between $3.25 and $3.29, XRP's trajectory suggests a pivotal moment for the digital asset, with the market closely watching for a potential breakout.
XRP Nears All-Time High Amid 10% Surge and $12B Volume Spike
XRP's price surged nearly 10% in 24 hours, reaching $3.29—just shy of its 2018 peak of $3.40. Weekly gains hit 37%, fueled by a 120% spike in daily trading volume to $12-$14.2 billion. Whale wallets holding 100M-1B XRP accumulated 2.2B tokens ($7.1B worth), signaling institutional confidence.
Regulatory clarity and macroeconomic tailwinds amplified bullish momentum. The token now trades between $3.25-$3.29, with analysts citing breakout potential above the $3.40 resistance level. Market data from Brave New Coin's XRP Liquid Index confirms the rally's intensity.
Ripple’s XRP Hits New All-Time High Amid Crypto Market Rally
XRP surged 11% to a record $3.50 during Thursday’s North American session, propelled by a 105% spike in trading volume to $17.3 billion. The rally triggered $66 million in Leveraged liquidations, with short sellers absorbing 73% of the losses.
Futures data reveals a telling backdrop: open interest ballooned past $10 billion as funding rates turned decisively positive. These metrics typically signal sustained bullish positioning among derivatives traders.
The breakout coincides with regulatory tailwinds—three digital asset bills cleared the U.S. House this week, injecting Optimism across crypto markets. Ripple’s legal clarity following last year’s SEC case continues to buoy institutional interest in the sixth-largest cryptocurrency.
U.S. House Passes Landmark Crypto Legislation, XRP Surges 16%
The U.S. House of Representatives approved three pivotal cryptocurrency bills on July 17, marking a historic moment for the industry. The GENIUS Act, now en route to the President's desk, is poised to become the first major crypto law in U.S. history. The bill garnered robust bipartisan support, passing with 308 votes in favor, including over 100 Democrats.
XRP rallied sharply on the news, climbing 16% to $3.52 as market participants celebrated the regulatory clarity. The CLARITY Act, which seeks to resolve jurisdictional conflicts between the SEC and CFTC, also cleared the House with a 294-134 vote. These developments signal a turning point for crypto regulation after years of industry advocacy.
Eleanor Terrett, a prominent crypto journalist, noted the rarity of such unified legislative action. The WHITE House is expected to formalize the GENIUS Act imminently, potentially unlocking new institutional participation in digital asset markets.
Ripple (XRP) Hits All-Time High: What’s Driving the Price Surge?
Ripple's XRP surged to a record $3.45 this week, now trading at $3.59, fueled by bullish market sentiment and institutional interest. The milestone reflects growing confidence in altcoins, with XRP leading the charge.
ProShares launched three XRP futures ETFs—Ultra XRP, UltraShort XRP, and Short XRP—on July 14, broadening access for traders. Regulatory clarity and technical momentum further solidify XRP's position in crypto's evolution.
XRP Surges to Record High Amid Altcoin Rally, Market Cap Tops $210 Billion
XRP shattered a seven-year price ceiling, peaking at $3.64 on July 18 as altcoins gained momentum across digital asset markets. The token now trades at $3.59, marking an 18% daily surge and 40% weekly gain.
Market capitalization swelled to $212 billion, eclipsing Tether for third place among cryptocurrencies. Trading volumes exploded—spot activity jumped 135% to $19 billion, while derivatives markets saw open interest climb 27% to $11.1 billion.
Ripple's regulatory advancements appear catalytic. The firm's recent application for a U.S. National Trust Bank charter with Circle signals deeper integration into traditional finance frameworks.
Exclusive Report: Coinpedia’s Fact Check Uncovers WazirX’s Alleged 55M XRP Transfers
An anonymous Twitter user @TOOFAANARMY has raised concerns over WazirX, one of India's leading crypto exchanges, allegedly transferring 55.25 million XRP (worth approximately ₹1,500 crore) to Binance and other wallets between February 2023 and July 2024. The transactions occurred just before a reported ₹2,000 crore hack, sparking speculation about insider involvement.
WazirX CEO Nischal Shetty dismissed the allegations, clarifying that the transfers were routine user withdrawals and deposits. Shetty emphasized that the exchange has long practiced consolidating tokens into cold wallets for security, a standard procedure in the industry. The wallet in question was publicly listed on WazirX’s Proof of Reserves.
