XRP Surges 4.5% as Institutional Interest Grows
XRP has shown renewed strength in the crypto markets, rallying 4.5% between July 7 and 8, driven by surging trading volume and growing institutional demand. The price peaked at $2.35 before consolidating around $2.26, forming a key support level that has absorbed multiple sell-offs.
Over 182 million XRP were traded during peak sessions, signaling increasing liquidity and investor interest.
ETF Optimism and Grayscale Exposure Drive Sentiment
A significant catalyst behind XRP’s momentum is the recent addition to the Grayscale Digital Large Cap Fund, marking the first inclusion since previous regulatory restrictions were lifted. Furthermore, ten XRP spot ETF applications are currently under U.S. regulatory review, with decisions expected in the coming months.
ETF approval speculation and Ripple’s bank charter ambitions have helped fuel a bullish narrative around XRP.
Technical Analysis: Support Confirmed, Next Resistance at $2.38
Between 05:00 UTC on July 7 and 04:00 UTC on July 8, XRP climbed from $2.25 to $2.35, showing strength during the 13:00–16:00 UTC window, where trading volume reached 144M–182M XRP.
- Initial resistance at $2.32 triggered light profit-taking.
- The price pulled back and stabilized at $2.26, now serving as critical support.
- A recovery rally from $2.25 to $2.30 between 04:22–04:33 UTC was driven by a spike in volume nearing 1 million XRP at 04:29.
The $2.25–$2.26 range continues to act as a buy zone, with multiple intraday bounces reinforcing its significance.
On-Chain Strength Suggests Further Upside Potential
Beyond price action, on-chain metrics show growing user activity and wallet engagement, supporting XRP’s position as one of the most technically resilient large-cap cryptocurrencies in Q3 2025.
Analysts say a clean break above $2.38 could open the door to $3.40, especially if ETF decisions trend positive.
Diagnosis
With institutional backing, ETF momentum, and a stable technical structure, XRP is positioned for a potential breakout. If bulls reclaim the $2.38 resistance, the path toward $3.00–$3.40 becomes increasingly viable.
For now, holding above the $2.26 support will be key for maintaining bullish momentum as the next leg upward develops.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.