XRP’s Jaw-Dropping 22% Leap!

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Oh my, oh me! It seems XRP has gone utterly bonkers! 🤯 Here are the juicy bits:

  • XRP’s price has skyrocketed 22% in the last 24 hours, reaching a new all-time high of $3.66. One can almost hear the champagne corks popping! 🥂

  • Those clever folks in the US have been making favorable regulatory noises, which has added a delightful tailwind to XRP’s sails.

  • The momentum indicators are grinning from ear to ear, suggesting XRP has plenty more room to frolic and play. The bull pennant is targeting a whopping $14! 🎉

XRP (XRP) price has set a historic milestone, rising to its highest level on Friday as major cryptocurrency bills passed the US House and traders piled in like a bunch of excited schoolchildren on a sugar high.

The XRP Market Cap: A Whopping $200 Billion!

The XRP market cap has surged 12% over the last 24 hours and 63% in the last 30 days, surpassing the $210 billion mark for the first time to a record high of $216 billion on Friday. One wonders if it’ll ever stop growing! 🤔

XRP’s daily trading volume has more than doubled on the day to $22.5 billion, reinforcing the intensity of the bulls. It’s a bit like a game of musical chairs, but with more money and fewer chairs! 💸

The derivatives market saw its trading volume more than double over the last 24 hours to $48.44 billion, while the open interest climbed to a new record of $10.98 billion. It’s a regular money fest! 🎊

The price gains were partially fueled by $73.17 million in short XRP position liquidations, compared to just over $29 million in long liquidations. Ah, the sweet taste of victory! 🏆

New Crypto Regulation: A Boost for XRP!

XRP’s rally came as three key pieces of crypto legislation passed the US House of Representatives, with the GENIUS Act set to establish a federal framework for stablecoins. Ripple‘s RLUSD stablecoin ambitions are looking rather rosy, if you ask me! 🌹

This aligns with Ripple’s application for a US banking license earlier this month, alongside a Federal Reserve master account, positioning it for deeper integration into the financial system. It’s all about the Benjamins, baby! 💸

🇺🇸 UPDATE: All three crypto bills have passed the House – CLARITY Act (294-134), GENIUS Act (308-122), and Anti-CBDC Act (219-210).

The GENIUS Act now heads to President Trump’s desk for signing tomorrow afternoon at the White House.

— CryptoMoon (@CryptoMoon) July 17, 2025

But wait, there’s more! Institutional demand is growing as companies like VivoPower and Webus plan to purchase $421 million in XRP for their corporate treasuries. It’s a shopping spree, and everyone’s invited! 🛍️

Additionally, increasing speculation around potential US spot XRP exchange-traded fund (ETF) approvals, following the success of Bitcoin and Ethereum ETFs, is helping fuel optimism. The odds of the US Securities and Exchange Commission approving a spot XRP ETF in 2025 were at 85% as of Friday, according to Polymarket data. Fingers crossed, everyone! 🤞

These positive fundamentals, combined with Ripple’s upcoming resolution of its SEC lawsuit, have created a bullish narrative, which is driving XRP price to new heights. It’s a bit like a game of Jenga, but with more blocks and fewer wobbles! 🎲

How High Will XRP Price Go?

The moving average convergence divergence indicator (MACD) produced a bullish cross as the XRP/USD trading pair validated a bull pennant on the weekly chart. The MACD is a trend-following momentum indicator that measures the relationship between two exponential moving averages of the price. It’s a bit like a magic crystal ball, but with more math and fewer sparkles! 🔮

The MACD has produced a “bullish cross on XRP,” said Mikybull Crypto in an X post on Friday, adding:

“The real party is set to begin.”

The weekly relative strength index (RSI) suggests that XRP has more room to run before reaching overheated levels, such as in the 2018 and December 2024 cycle tops. It’s a bit like a game of musical chairs, but with more money and fewer chairs! 💸

“The RSI on the weekly chart is nowhere close to 2018,” said pseudonymous analyst CryptoHado in an X post on Friday, adding:

“We are in full price discovery mode.”

The bull pennant on the weekly chart projects a 305% rally in XRP price to $14. Numerous analysts are convinced that XRP is on its way to double-digit prices, driven by institutional demand and other bullish technical setups. It’s a bit like a game of poker, but with more chips and fewer bluffs! 🃏

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2025-07-18 13:30