XRP jumps 22% into price discovery as market cap hits a record $210B
2025-07-18 10:32:35
Main Idea
XRP's price surged 22% to a new all-time high of $3.66, driven by favorable US regulatory actions, increased trading volume, and bullish market indicators.
Key Points
1. XRP price reached a record high of $3.66, with a 22% surge in 24 hours and a market cap surpassing $210 billion.
2. Three key crypto bills passed the US House, including the GENIUS Act, boosting investor confidence and aligning with Ripple's stablecoin ambitions.
3. XRP's daily trading volume more than doubled to $22.5 billion, with significant short position liquidations contributing to the rally.
4. The odds of a US spot XRP ETF approval in 2025 were at 85%, fueling further optimism in the market.
5. Technical indicators like the MACD and RSI suggest continued bullish momentum, with analysts projecting a potential 305% rally in XRP price.
Description
XRP’s rally to $3.66 all-time high came amid the passage of major crypto bills in the US House, and other positive fundamentals boosting investor confidence.
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