What factors are driving the 20% price surge in XRP?

The price of XRP has experienced a significant surge, driven by a confluence of factors that have created a perfect storm for the cryptocurrency. Here are the key drivers behind its 20% price increase:

1. **Legal and Regulatory Developments**: The passage of the GENIUS Act, a federal framework for stablecoins, has been a significant catalyst for XRP's rise. RLUSD, Ripple's USD-pegged stablecoin, is benefiting from this legislation and the ongoing regulatory clarity it brings to the stablecoin sector.
2. **Institutional Interest and Partnerships**: The appointment of BNY Mellon as the primary custodian for RLUSD reserves has bolstered institutional confidence in XRP. This partnership aligns with Ripple's broader strategy to connect traditional finance with blockchain, elevating the legitimacy and adoption potential of RLUSD.
3. **Market Expansion and Adoption**: Ripple's internal XRP transfer worth $738 million between wallets fuels speculation and highlights the growing utility and value of XRP within Ripple's ecosystem. Additionally, the launch of XRP ETFs and the U.S. legislation impacting stablecoins have contributed to increased demand and price appreciation.
4. **Crypto Market Overdrive**: The broader crypto market, buoyed by institutional investments and legislative support, has surged, with Bitcoin and Ethereum reaching new heights. This overall bullish sentiment has undoubtedly influenced XRP's upward trajectory. The Crypto Market Cap has reached $4 trillion for the first time, indicating a strong market-wide rally.
5. **Technical Factors and Market Sentiment**: XRP's price pattern and technical indicators suggest a strong bullish trend. The token has been rallying since June 22, and the recent surge was triggered by a 25% increase over the past week, with XRP futures open interest hitting a record $11 billion.

In summary, XRP's 20% price surge is a result of a combination of legal and regulatory developments, institutional interest and partnerships, market expansion and adoption, crypto market overdrive, and technical factors and market sentiment. These factors have collectively created a favorable environment for XRP's price to soar.

Crypto XRPUSD Percentage Change For Recent 2 Weeks Day By Day
|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|XRPUSD|XRPUSD.UDC|Ripple|20250709|4.0202|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250710|5.9657|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250711|7.2700000000000005|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250712|0.26|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250713|3.53|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250714|4.31|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250715|-1.31|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250716|4.04|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250717|14.62|UDC|
|XRPUSD|XRPUSD.UDC|Ripple|20250718|-1.95|UDC|