XRP News Today: Bitcoin, Ethereum, XRP surge on institutional interest, regulatory developments

Bitcoin, Ethereum, and XRP have all experienced significant price increases today, driven by a combination of institutional interest, strategic acquisitions, and regulatory developments. Bitcoin has surged past its recent consolidation phase, trading near its short-term peak. This upward momentum is supported by Metaplanet's 42% jump in Q2 revenue, which is closely tied to its aggressive Bitcoin strategy. Additionally, institutional accumulation has led to a record low in exchange supply, suggesting a potential supply shock. The acquisition of Lolli by Thesis, which integrates BTC rewards with Mezo and tBTC, further enhances Bitcoin's utility and attracts new users to Bitcoin-linked DeFi.

Ethereum is leading the rally today, fueled by substantial capital inflows. BITDIGITAL's $163 million ETH treasury acquisition and SharpLink Gaming's $30.7 million investment have bolstered Ethereum's appeal to institutional investors. Whale accumulation continues to rise, with on-chain data indicating $57.7 million in large-scale transactions and a surge in DeFi activity. Technically, Ethereum has broken through key resistance at $2,487 and is now targeting $2,651. The RSI stands at 67.16, nearing overbought territory, but the price action remains bullish with strong volume support. The Bollinger Bands show expansion, indicating increased volatility with an upward bias.

XRP has also shown renewed strength, reclaiming the $2.26 level with strong buying pressure. The 4H chart shows a clear bounce from the $2.214 support zone, and the RSI at 61.85 suggests continued upside potential. Bollinger Bands are widening, and the price is nearing resistance at $2.2937, with a key breakout level at $2.323. Sentiment has turned bullish following Ripple's application for a U.S. national banking license, which could legitimize XRP's role in traditional finance. The SEC's approval of Grayscale's spot ETF, including XRP, has further reduced regulatory headwinds. If XRP breaks above $2.323, it could extend toward $2.50. Key support rests at $2.142, with the middle Bollinger Band providing dynamic support at $2.214.

In summary, the recent price increases in Bitcoin, Ethereum, and XRP are driven by a combination of institutional interest, strategic acquisitions, and regulatory developments. Bitcoin's surge is supported by Metaplanet's revenue growth and institutional accumulation, while Ethereum's rally is fueled by significant capital inflows and whale accumulation. XRP's strength is bolstered by Ripple's banking license application and the SEC's ETF approval. These developments have created a bullish sentiment in the crypto market, with strong technical indicators and institutional buzz driving prices higher.