XRP News Today: XRP Surges 32% in July Amid Rising Institutional Interest

Recent data from Google Trends indicates a significant increase in global search interest for the term “buy XRP,” suggesting a renewed focus on the Ripple token. This surge in search volume, while not reaching previous highs, marks the highest level of interest in several months, reflecting evolving market dynamics. According to COINOTAG, such spikes in search activity often imply that potential gains may already be factored into XRP’s current price, indicating a need for caution among investors.

Google Trends data shows that the query “buy XRP” has seen a notable increase in search volume, currently scoring 33 out of 100 on a five-year scale. Although this figure is below the December 2024 peak, it represents the most substantial surge in interest for the token in recent months. This renewed attention coincides with XRP’s price movements, which have seen the token briefly surpass the $3 mark before settling around $2.84. This data suggests that investors are increasingly considering XRP as a viable asset amidst ongoing market fluctuations.

Historical analysis reveals that periods of low search interest, such as those from mid-2022 through most of 2023, often coincided with favorable buying opportunities for XRP. Conversely, sharp increases in search queries like “buy XRP” tend to emerge when the token has already appreciated significantly, implying that much of the potential upside may be priced in. This pattern aligns with traditional market behavior where heightened retail interest can signal a near-term market top rather than a sustained rally.

Currently trading at approximately $2.84, XRP has gained nearly 25% over the past week, reflecting strong momentum following a brief surge above $3. This price action has attracted both retail and institutional attention, with market participants closely monitoring regulatory developments and Ripple’s ongoing legal matters. The token’s performance amidst broader crypto market volatility underscores its resilience and the growing interest in digital assets with established use cases.

COINOTAG analysts emphasize that while increased search interest can be a bullish indicator, it should be interpreted with caution. Their research indicates that spikes in queries related to purchasing XRP often precede periods of price consolidation or correction. Investors are advised to consider these signals alongside fundamental factors such as Ripple’s partnerships, regulatory updates, and overall market sentiment to make informed decisions.

The recent surge in “buy XRP” search interest, coupled with the token’s strong price performance, highlights a pivotal moment for XRP investors. While the increased attention reflects positive momentum, historical patterns suggest caution as gains may already be priced in. Staying informed through credible sources and monitoring market indicators will be essential for navigating XRP’s evolving landscape.

XRP, the cryptocurrency associated with Ripple, has experienced a significant surge in price, reaching $2.96. This upward momentum is supported by rising institutional interest and the breaking of key resistance levels. The open interest in XRP futures has reached $7.2 billion, indicating a growing market participation. As of the latest data, the XRP price stands at $2.98, marking a 32% increase since the start of July. The market capitalization has swelled by $30 billion over the past month, reflecting the strong bullish sentiment surrounding the token.

The recent price action, combined with historical patterns and growing institutional interest, has fueled speculation that XRP could be on track for a major breakout. Analysts and investors are zeroing in on a rare technical signal, which has historically preceded significant price rallies. The combination of these factors has led to ambitious long-term targets, with some analysts predicting that XRP could reach as high as $50.

The XRP price has shown remarkable resilience, climbing to around $2.84, marking a 5% gain in the past 24 hours. The token recently touched $2.90, its highest level since March, before retreating slightly. Over the past week, XRP has gained more than 23%, signaling renewed bullish momentum in the market. Despite the broader crypto landscape awaiting a confirmed “altcoin season,” XRP has managed to outperform many of its peers. Out of the top 100 non-stablecoin assets, only 28 have outpaced Bitcoin over the last 90 days. XRP’s performance stands out, driven by technical indicators and long-term bullish sentiment.

One of the most compelling catalysts behind the latest XRP price prediction is a rare three-candle formation on the monthly chart. This formation, identified by market analyst EGRAG Crypto, consists of three consecutive bullish monthly candles, which historically have been followed by consolidation phases and then explosive gains. The first such instance in XRP’s history led to an 8,000% rally in 2017, and the second instance resulted in a 1,506% surge by January 2018. According to EGRAG, the latest pattern, confirmed in late 2023, suggested a period of 12-month consolidation, which has now concluded. He projects that this could lead to a breakout that potentially pushes XRP to $50, with more moderate targets around $10 and $27 also in play.

While long-term projections remain ambitious, near-term traders are watching $4 as the next key resistance level. Crypto educator Edoardo Farina stated that seeing XRP above $4 “as early as this week” wouldn’t be surprising. That would mark a 50% increase from current levels and surpass XRP’s all-time high of $3.85 from January 2018. The move could be fueled by a rapid influx of buying pressure, particularly if investor sentiment shifts from cautious optimism to full-blown FOMO.

Recent developments on the institutional front further support the bullish ripple price prediction. Ripple Labs has expanded its partnerships, notably teaming up with BNY Mellon to provide custody services for its RLUSD stablecoin, which now ranks among the top 10 by market cap. This partnership aims to attract institutional players seeking exposure to the XRP Ledger and its ecosystem. Moreover, XRP-based ETFs are beginning to take shape. Futures products from ProShares and others launched in July, and the SEC is currently reviewing over 10 spot-XRP ETF applications. If even one of these gets approved, analysts believe it could significantly boost both demand and price.

Despite growing momentum, XRP is not without risks. The ongoing Ripple vs. SEC lawsuit continues to cast uncertainty over the token’s regulatory future. Although several rulings have favored Ripple, any unexpected legal twist could introduce volatility. Still, technical indicators remain bullish. The Fear & Greed Index is firmly in “Greed” territory at 74, and XRP has posted 18 green days in the last 30, with average swings of nearly 7%. Short-term XRP predictions suggest a modest dip to around $2.75 by August 12, though this may be part of a healthy correction within a larger upward trend.

With bullish technical patterns, strong weekly performance, and increasing institutional interest, XRP coin price is gaining momentum both in the short and long term. The combination of historical candle formations, ETF developments, and Ripple’s expanding ecosystem are aligning in a way that has many traders optimistic. While a 1,966% rally to $50 may sound ambitious, past XRP cycles have delivered similar returns under the right conditions. Whether XRP hits $4 this week or $50 down the line, the XRP crypto market appears to be entering a pivotal phase. For now, investors are watching closely, as XRP news continues to dominate headlines across both retail and institutional circles.