XRP News Today: XRP Surges 4.5% as Grayscale Adds to Fund, ETF Hopes Rise

XRP, the cryptocurrency associated with Ripple, has shown significant strength recently, surging 4.5% between July 7 and 8, reaching a peak of $2.35 before stabilizing around $2.26. This rally was fueled by high trading volumes, with over 182 million XRP changing hands during peak hours. Despite broader market hesitation, XRP has demonstrated sustained strength, forming solid support zones that suggest continuation potential if key resistance levels are broken.

One of the key drivers behind XRP's recent performance is the addition of XRP to Grayscale's Digital Large Cap Fund. This move, coupled with ten pending XRP spot ETF applications awaiting U.S. regulatory decisions, has bolstered investor confidence. The anticipation of regulatory clarity, along with Ripple's ongoing pursuit of a U.S. bank charter, has provided a bullish narrative for the asset.

Analysts view XRP as one of the most technically promising large-cap tokens. A clean break above the $2.38 resistance level could open upside targets toward the $3.40 zone. This optimism is supported by strong on-chain activity and renewed institutional interest. The technical structure of XRP, with its resilient support zones and potential for further gains, positions it favorably amidst macroeconomic uncertainties.

Despite the broader market's risk-off sentiment due to escalating global trade disputes and geopolitical risks, XRP has emerged as a standout performer. The cryptocurrency's ability to navigate these challenges, bolstered by its technical strength and institutional backing, makes it a notable player in the current market landscape. As regulatory decisions loom and institutional interest continues to grow, XRP's trajectory remains a focal point for investors and analysts alike.