XRP News Today: XRP Surges 27% as Regulatory Clarity and Corporate Moves Fuel Growth

Crypto strategist Pentoshi highlighted the potential for XRP to reach new heights, noting that the cryptocurrency has maintained its structure over the past seven months while other markets experienced significant declines. Pentoshi emphasized that XRP has minimal resistance ahead, as it has not traded at these levels before, positioning it for potential price discovery. He also pointed out that regulatory and corporate developments are aligning to create favorable conditions for XRP.

By Wednesday afternoon, XRP was trading at $3.08, marking a roughly 27 percent increase for the week and nearing its highest close since the 2021 cycle high. Momentum indicators on major trading platforms showed relative-strength indexes in "buy" territory, supporting Pentoshi's view that there is little overhead supply.

The first significant catalyst for XRP's potential rise is the U.S. government's renewed focus on federal stablecoin regulations. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which aims to establish a regulatory framework for stablecoins, has gained traction in the Senate and is expected to secure the necessary votes in the House. This legislative push is part of a broader effort that includes the CLARITY and Anti-CBDC acts, all of which are designed to foster innovation in the stablecoin market.

Ripple, the company behind XRP, is already preparing for this regulatory environment. In July, Ripple filed for a national bank charter and a Federal Reserve master account, which would allow it to custody its dollar-backed RLUSD reserves directly at the Fed. Additionally, Ripple has plans to secure an EU electronic-money-institution license under the Markets in Crypto-Assets (MiCA) regulation, indicating its intention to expand into the European market.

The second major driver for XRP's potential growth is the near-resolution of Ripple's legal battle with the Securities and Exchange Commission (SEC). On June 26, U.S. District Judge Analisa Torres rejected a joint motion by Ripple and the SEC to vacate her permanent injunction and reduce the civil penalty. The next day, Ripple's CEO Brad Garlinghouse announced that the company would drop its cross-appeal, signaling a potential end to the legal dispute. Although the injunction and the full $125 million penalty remain in force, the resolution of the litigation could pave the way for XRP's growth.

With the legal hurdles largely cleared, exchange-traded fund (ETF) issuers have accelerated their filings. ProShares recently launched 2× leveraged futures funds tied to Solana and XRP, noting that spot-based products are still awaiting SEC approval. The SEC has also issued new disclosure guidance to streamline crypto-ETF approvals, indicating a more favorable regulatory environment. Additionally, Trump Media & Technology Group has requested SEC approval for a "blue-chip" basket ETF that would include bitcoin, ether, solana, and XRP, further signaling bipartisan support for crypto-ETFs.

Ripple is also positioning itself for potential acquisitions. The company's chief technology officer, David Schwartz, revealed that Ripple's M&A team is actively pursuing multiple potential acquisitions. Ripple has already acquired prime broker Hidden Road for $1.25 billion this year and is developing an on-ledger lending protocol scheduled for release in the third quarter. These moves could enhance XRP liquidity and justify higher valuations.

Each of these developments—the GENIUS Act, the bank charter and MiCA licenses, the SEC's retreat, the ETF pipeline, and Ripple's acquisition plans—suggests that regulatory uncertainty is diminishing just as institutional distribution channels are opening. While it remains to be seen whether these factors will propel XRP through its previous all-time high of $3.84 from January 2018, the technical setup appears strong, according to Pentoshi's analysis.