XRP News Today: XRP Jumps 17% on Grayscale ETF Approval, Institutional Interest Surges

On July 4, 2025, the cryptocurrency market witnessed varied movements among key tokens, including Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL). Despite the absence of new public statements from leadership, technical indicators suggested potential price shifts influenced by market conditions.

Ethereum's co-founder, Vitalik Buterin, has been focused on scaling and long-term projects, with no recent public insights on price movements. The market's attention remains on Ethereum's roadmap and technological advancements rather than immediate price impacts.

Technical indicators for XRP suggested a potential rally to $3.40 if the support holds. Solana's performance enhancements and protocol upgrades have contributed to its market stability, with a bullish potential indicated by a break above key Exponential Moving Averages (EMAs). Conversely, ADA remains below major EMAs, presenting a challenge for traders expecting an upward trend. The bullish trends and price expectations reflect market sentiment without recent confirmation from founding teams.

The recent approval of Grayscale’s Digital Large Cap Fund conversion into an Exchange-Traded Fund (ETF), which includes XRP among other digital assets, has sparked substantial institutional interest and potential price appreciation for XRP. This approval has led to a rise in XRP's open interest, indicating heightened trading activity. Following the announcement, XRP's price increased by 5%, crossing the $2.29 mark. This move reflects the SEC's willingness to accommodate diverse crypto funds under its regulatory umbrella. Institutional flows in XRP, resulting from Grayscale’s ETF status, could channel large-scale capital inflow into the cryptocurrency. This move is likely to affect related tokens like BTC, ETH, SOL, and ADA, thus influencing broader crypto market dynamics. Historical market patterns suggest that similar ETF approvals have previously driven all-time highs for Bitcoin and benefited correlated altcoins. Analysts predict an "altcoin ETF summer," expecting potential ETFs for LTC, DOGE, and others. The SEC's progressive actions may set a precedent for future crypto-based financial products. According to the analyst's forecast, further regulatory approvals for crypto-indexed ETFs are anticipated in the near future. The increased odds of an XRP ETF approval have contributed to a significant upswing in XRP's price, jumping 17% this week. This surge in open interest signals the return of derivatives traders and the growing interest in XRP. The recent banking license application by Ripple has increased the interest of futures traders in the altcoin. Within 24 hours, Ripple’s open interest increased by 8% to $4.62 billion, its highest in more than one month. The rising open interest is from the traders who are opening long positions that the XRP price will rise, because the long/short ratio is back to a neutral level of 1, while it remains above 2 on Binance. Moreover, all the positions that had been opened by Hyperliquid whales on July 3 were longs at press time. The falling wedge breakout hints that the XRP price could make a strong upward trend, with a 78% rally to $3.96 likely to happen. This rally becomes even more likely to happen considering the ongoing efforts by Ripple to get regulatory greenlight to expand into the banking industry. The RSI indicator is actively defending the 50 mean level, and Ripple has continued to fluctuate above this metric, indicating that the momentum remains bullish despite facing weakness. If the indicator continues its ascent and forms a higher high, it will confirm the breakout from the trendline resistance and clear the way for the XRP price to rally to $3.96.

Solana (SOL) is currently trading at $147.16, experiencing a 24-hour price decrease of 3.91%. Its market capitalization stands at $78.48 billion. SOL experienced a weekly price gain of 8.16%, a monthly dip of -3.06%, and a six-month decline of -30.58%. The data indicates noticeable volatility over the past six months. The crypto market has dipped by 1.26% to $3.33 trillion amid mixed sentiment, with Bitcoin (BTC) and Ethereum (ETH) sliding as NFT and DeFi sectors also record declines. Positive regulatory developments affecting Ethereum have seen traders anticipate a price jump above $3,000. However, ETH could drop to $1,750 as it inches closer to this level. From a technical standpoint, analysts identified a bullish flag pattern during Q1, indicating a potential rally towards $3.50 this summer, eclipsing its former all-time high. Gemini predicts leading altcoins XRP, SOL and ADA could reach $20, $500 and $5.66 respectively by late-2025 amid renewed market strength.

In summary, the cryptocurrency market on July 4, 2025, showed varied movements among key tokens, with technical indicators suggesting potential price shifts. Ethereum's focus remains on long-term projects, while XRP's potential rally and Solana's stability are influenced by technical factors and regulatory developments. The approval of Grayscale’s ETF and the banking license application by Ripple have sparked institutional interest and potential price appreciation for XRP. The market's attention is on technological enhancements and regulatory clarity, with potential increases in value pending team updates and economic indicators. The overall sentiment reflects a mix of gains and losses, with traders anticipating price jumps and potential rallies for leading altcoins.