XRP News Today: XRP Surges 80% as Regulatory Clarity and ETF Launch Boost Sentiment

XRP, the native token of the Ripple network, has recently experienced a significant price surge, marking its most substantial weekly rally in months. The token climbed nearly 80% from its April lows, reaching a five-month high of $2.9695 on July 11. This rally was driven by several key factors, including the broader strength across the crypto market, Bitcoin's surge to an all-time high, and renewed investor optimism following Ripple CEO Brad Garlinghouse’s appearance in Washington ahead of the proposed CLARITY Act.

The CLARITY Act, a bill under consideration, aims to clarify the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission in regulating cryptocurrencies. Garlinghouse’s presentation in Washington, where politicians held a hearing on the upcoming bill, contributed to the positive sentiment surrounding XRP. The bill, if passed, could provide much-needed regulatory clarity for the crypto industry, potentially boosting investor confidence in XRP and other digital assets.

In addition to regulatory developments, the launch of the Teucrium 2X Long Daily XRP ETF (XXRP) has been a significant driver of the recent price surge. The ETF, which aims to offer twice the daily return of Ripple’s price, has attracted substantial investor interest since its launch in April. Its assets have increased to $248 million, with inflows in every week since its inception. The ETF’s daily volume has also increased significantly, reflecting growing investor demand for leveraged exposure to XRP.

The XXRP ETF’s high expense ratio of 1.89% has not deterred investors, as the fund’s performance has been impressive. For example, while XRP’s price jumped by 24% in the last five days, the XXRP stock surged by 51% in the same period. This performance has been driven by the ETF’s leveraged structure, which amplifies the daily returns of XRP.

Technical analysis also supports the bullish outlook for XRP. The daily chart shows that Ripple’s token price staged a strong rally this week, moving above the descending trendline that connects the highest swings since January. The 50-day and 100-day Exponential Moving Averages have formed a bullish crossover, and the Average Directional Index has risen to 25, indicating that the trend is strengthening. Therefore, the most likely scenario is one where the coin continues to rise, with the next key target being the year-to-date high of $3.3930.

The recent price surge in XRP reflects broader strength across the crypto market, as investors pile into risk assets amid fresh regulatory momentum and a record-breaking run for Bitcoin. The ongoing inflows into the XXRP ETF, combined with bullish technical signals, suggest that the rally in XRP may continue in the near term. However, investors should be aware of the high expense ratio of the XXRP ETF and the potential risks associated with leveraged investments.