XRP News Today: XRP Surges 42% in July as Whales Accumulate Amid Regulatory Optimism

XRP surged 42% in July 2025 amid growing bullish sentiment and favorable regulatory developments, with traders monitoring the $3.30 level as a potential catalyst for further gains toward $3.60 [1]. However, following a peak of $3.66 on July 18, the token has corrected by 14%, trading at $3.13 as of July 30 [2]. This pullback coincided with a 21% drop in XRP futures open interest, which fell from $11.2 billion to $8.57 billion, suggesting reduced leverage and heightened liquidation risks [2]. Analysts caution that continued downward pressure could push the price below the critical $2.60 support level [2].

Whale activity indicates a more optimistic outlook. On July 29, large wallet holders accumulated 60 million XRP, signaling that major participants see the recent dip as an opportunity to buy [2]. This accumulation contrasts with the broader market correction, hinting at underlying confidence in XRP’s longer-term trajectory.

Looking ahead, Coinbase’s planned launch of nano XRP perpetual futures on August 18 is expected to boost long-term bullish sentiment. The contract, valued at 500 XRP and settled in USD, introduces a more precise tool for traders to manage exposure to price movements [2]. This product is seen as a potential catalyst for attracting U.S. investors and reinforcing investor confidence in the asset.

Technically, XRP has pulled back from the upper Bollinger Band and is now testing the mid-band near $3.12. A break below this level could bring the price closer to $2.67 [2]. The Relative Strength Index (RSI) has fallen to 57 from overbought territory, indicating neutral momentum, though further downside could signal bearish pressure [2]. Traders are closely watching the $3.00–$3.12 range for signs of a potential bullish reentry.

Long-term optimism is also fueled by expectations of a potential XRP-based ETF. Some analysts, referencing the Elliott Wave theory, suggest that XRP is entering a Wave 5 bullish phase that could drive a breakout [3]. While these are speculative interpretations, they align with broader market enthusiasm driven by regulatory progress [3].

In summary, XRP’s July rally has entered a consolidation phase, marked by reduced leverage and whale accumulation. While technical indicators remain mixed, the launch of new financial products and continued buying by large holders suggest that XRP may maintain upward momentum in the coming months. However, traders should remain cautious as key levels are tested in the near term.

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Sources:

[1] XRP Soars 42% In July: Will The Rally Continue In August? (https://www.benzinga.com/crypto/cryptocurrency/25/07/46760234/xrp-soars-42-in-july-will-the-rally-continue-in-august)

[2] XRP Futures OI Tank, But Whales Keep Buying (https://cryptorank.io/news/feed/22c59-xrp-futures-oi-tank-but-whales-keep-buying)