XRP price surges as new Ripple ETF nears $250m milestone
2025-07-12 08:08:31
Main Idea
XRP experienced its biggest weekly rally in months, driven by Bitcoin's surge, inflows into a leveraged XRP ETF, and renewed investor optimism following Ripple CEO Brad Garlinghouse's Washington appearance.
Key Points
1. XRP surged nearly 80% from April lows to a five-month high of $2.9695 on July 11, mirroring Bitcoin's record-breaking run.
2. The Teucrium 2X Long Daily XRP ETF (XXRP) saw assets grow to $248 million, attracting investors despite its high expense ratio of 1.89%.
3. The XXRP ETF offers twice the daily return of Ripple’s price, with XXRP stock jumping 51% in five days compared to XRP's 24% rise.
4. Technical indicators, including a bullish crossover of the 50-day and 100-day Exponential Moving Averages, supported the rally.
5. Investor optimism was boosted by Ripple CEO Brad Garlinghouse's appearance in Washington ahead of the CLARITY Act hearing.
Description
XRP just posted its biggest weekly rally in months, surging nearly 80% from April lows to hit a five-month high on Friday. The rally mirrors broader strength across the crypto market, as investors pile into risk assets amid fresh regulatory momentum and a record-breaking run for Bitcoin. The Ripple ( XRP ) token jumped as high as $2.9695 on July 11, its highest level since March 2, driven by three key factors: Bitcoin’s ( BTC ) surge to an all-time high of $118,300, accelerating inflows into the...
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