XRP News Today: XRP Nears All-Time High as ETP Approval Looms July 31

The cryptocurrency market showed a modest uptick on July 31, 2025, with 75 of the top 100 digital assets by market capitalization registering gains over the past 24 hours. However, the overall market capitalization declined by 3.6% to $3.96 trillion, with total trading volume hitting $154 billion. Bitcoin and Ethereum both posted minor gains, trading at $118,386 and $3,860 respectively, reflecting cautious optimism in the market [1].

XRP, the native token of the XRP Ledger, rose 0.9% to $3.15, aligning with the generally positive sentiment among top-tier cryptocurrencies. This price movement coincided with growing speculation around the potential approval of an exchange-traded product (ETP) for XRP, which could serve as a catalyst for broader institutional adoption and increased liquidity [1].

Gemini, a major digital asset exchange, highlighted the possibility of significant price gains for XRP should an ETP be approved on July 31, 2025. The firm emphasized that such an approval would reinforce XRP’s regulatory clarity and institutional appeal, potentially unlocking billions in new capital. Gemini analysts noted that the token is already trading near its all-time high of $3.84 and could break through this level if institutional interest intensifies [1].

The firm further pointed to rising whale accumulation and increased wallet activity as early signs of bullish positioning ahead of the potential ETP decision. On-chain data suggests that investors are preparing for a possible surge, with market conditions appearing favorable for a continuation of the upward trend. Gemini projected a short-term price breakout to $4.70 and an extended rally to $5.60, both well above the token’s previous peak [1].

Analysts also observed that the broader market was influenced by comments from U.S. Federal Reserve Chair Jerome Powell, who indicated that rate cuts were not imminent. While this signaled caution among investors, the crypto market demonstrated resilience. JPMorgan analysts noted that over $60 billion in new capital had entered crypto markets in 2025, driven by ETF adoption, venture capital, and renewed confidence. This trend suggests that XRP could benefit from similar inflows if an ETP is approved [1].

The potential approval of an XRP ETP would mark a critical milestone in the token’s regulatory journey. Following years of legal challenges, XRP now finds itself in a unique position among cryptocurrencies due to its clear legal status. This regulatory clarity is seen as a key differentiator that could attract institutional investors seeking compliant exposure to the crypto market. The approval would further validate XRP’s utility in cross-border settlements and other financial applications [1].

Despite the positive outlook, the market is not without risks. The ETP approval is not guaranteed, and regulatory developments remain subject to change. However, the current data and market trends suggest that XRP is well-positioned to capitalize on a favorable outcome. Institutional adoption, regulatory progress, and strong on-chain activity all point to a potential breakout scenario for the token.

In the broader context, the market’s resilience was also reflected in the performance of other major cryptocurrencies. Ethereum, for example, rose by 1.5%, reinforcing optimism around upcoming upgrades and broader blockchain adoption. U.S. BTC and ETH spot ETFs recorded continued inflows, with the latter seeing 19 consecutive days of positive flows. This trend highlights the maturing nature of the crypto market and the increasing role of institutional investors [1].

As the July 31 deadline approaches, investors and analysts are closely monitoring regulatory developments and on-chain indicators to gauge the potential impact on XRP and the broader market. A successful ETP approval could set a new precedent for the token, redefining its market narrative and attracting broader institutional participation.

Source: [1] Why Is Crypto Up Today? – July 31, 2025 (https://cryptonews.com/news/why-is-crypto-up-today-july-31-2025/)