XRP News Today: XRP Gains 38.9% in Q3 2024 Despite Altcoin Slump, Backed by Institutional Interest and July Trends

XRP is demonstrating resilience in Q3 2024, posting a 38.9% gain as of July 2025 amid broader altcoin declines, supported by historical July performance and growing institutional interest. Cryptorank data highlights the coin’s average monthly growth of 10.9%, reinforcing its outperformance despite market volatility [1]. Historical trends show XRP has closed July with double-digit gains over the past five years, including 48.1% in July 2020 and 47.6% in July 2023, suggesting seasonal strength [1].

Recent volatility, however, has introduced short-term challenges. XRP dropped 10.57% in 24 hours to $3.08 following a peak of $3.46, linked to a $175 million liquidation event on Upbit, South Korea’s largest exchange. Bitcoin’s rising dominance to 61.21% has also impacted altcoin dynamics, though XRP’s surging trading volume—up 141.92% to $17.18 billion in 24 hours—indicates robust liquidity and investor confidence [1].

Institutional adoption is a key driver. Nature’s Miracle Holding, a NASDAQ-listed firm, allocated $20 million to XRP treasuries, signaling traditional finance’s growing recognition of the asset [1]. Analysts note that whale accumulation and regulatory clarity could further fuel demand, with some forecasts citing a $10 price target for 2025 if Ripple secures favorable legal rulings [2]. Conversely, a breakdown below the $3.34 support level could test $3 and $2.80, depending on macroeconomic conditions [2].

Market participants are closely monitoring technical indicators. XRP’s RSI at 78 suggests overbought conditions, while chain activity metrics reflect sustained buying pressure. A 52.5% rally over two weeks, driven by heavy whale activity, has pushed XRP’s market capitalization to $215 billion—a 500% increase since July 2024—highlighting its divergence from peers like Solana [4].

The broader crypto landscape remains volatile, with altcoins under pressure as traders unwind bullish positions. XRP’s recent 10% correction to $3.17 has stabilized its position among top 10 cryptocurrencies by market cap, but its trajectory will hinge on institutional inflows and regulatory developments. A long-term holder’s 1,300% return underscores the asset’s potential amid prolonged uncertainty [9].

As July nears its close, XRP’s ability to reclaim and sustain the $3.34 support level could determine its short-term direction. Analysts emphasize that technical strength, institutional flow, and regulatory clarity will shape its performance, with the July close serving as a critical benchmark [5].

Sources: [1] [XRP Shows Potential for Positive July Close Amid Market Volatility and Institutional Interest](https://en.coinotag.com/xrp-shows-potential-for-positive-july-close-amid-market-volatility-and-institutional-interest/); [2] [XRP News Today: XRP's 3% Drop to $3.44 Not Bearish](https://www.ainvest.com/news/xrp-news-today-xrp-3-drop-3-44-bearish-reversal-chain-activity-rsi-78-suggest-rally-intact-2507/); [4] [Analyst Says People Will Regret Not Going All In on XRP](https://thecryptobasic.com/2025/07/23/analyst-says-people-will-regret-not-going-all-in-on-xrp/); [5] [Is the Bullish Momentum Over for XRP?](https://www.bitrue.com/blog/is-the-bullish-momentum-over-for-xrp); [9] [Long-Term XRP Holder Reveals Plan That Earned](https://coincentral.com/long-term-xrp-holder-reveals-plan-that-earned-1300-investment-gain/).