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XRP News Today: XRP Surges 20% to $2.92 on Bullish Indicators and Institutional Interest
Generated by AI AgentCoin World
Wednesday, Jul 16, 2025 2:40 am ET1min read
XRP has recently made a significant move in the cryptocurrency market, surpassing
and in terms of momentum. The asset has surged to $2.92, breaking through two major resistances at $2.60 and $2.90. This surge is driven by strong technical indicators and favorable market conditions, with the total crypto market capitalization stabilizing above $3.3 trillion and a Crypto Fear & Greed Index at 73, indicating a bullish sentiment.The technical indicators supporting this rally include an RSI at 81, signaling strong buying momentum, and an ADX at 34, indicating a robust bullish trend. Additionally, the EMA 50/200 crossover, the activation of the Squeeze Indicator, and massive volume between $2.00 and $2.40 further validate the price breakout and strengthen the bullish structure.
Beyond the technical aspects, regulatory developments and Ripple’s strategic moves have added fundamental depth to this rally. The end of a four-year litigation with the SEC, which concluded with a relatively modest fine for
, has removed a significant obstacle to institutional adoption. Following this, Ripple filed for a federal banking license, which, if approved, would allow it to play a key role in crypto custody for institutional players.Furthermore, eleven asset managers have filed applications for a spot
ETF, and products like UXRP and SLON have been launched. The prediction platform Polymarket estimates an 85% probability of XRP ETF approval by the end of the year. This dual dynamic of resolving legal uncertainties and growing institutional interest could reshape XRP’s trajectory, potentially driving it to a new all-time high.In summary, XRP’s recent surge is supported by strong technical indicators and favorable market conditions. The resolution of legal issues and increasing institutional interest further bolster its prospects, positioning it as a serious candidate for inclusion in institutional portfolios alongside Bitcoin and Ethereum.
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