XRP News Today: XRP Surges 7.99% to $2.79 on Partnerships and Regulatory Gains

Ripple’s native token, XRP, has surged to a four-month high, reaching nearly $3 before slightly correcting. This impressive price surge is attributed to several key catalysts, including strategic partnerships, regulatory advancements, and market sentiment.

One of the primary drivers behind XRP’s recent rally is Ripple’s collaboration with BNY Mellon, where the bank is positioned as the custodian of RLUSD, Ripple’s stablecoin. This partnership has significantly boosted confidence in Ripple’s institutional integration, driving XRP’s price above $2.46 and cementing its position as a major player in the cryptocurrency market. Additionally, Ripple’s application for a U.S. national banking license and a Federal Reserve master account signals its commitment to regulatory compliance. This move could redefine XRP’s role in financial systems and further strengthen its utility, attracting institutional investors.

The surge in XRP's price has also been fueled by a notable increase in network activity and social media engagement. The network behind the token saw an impressive growth, with nearly 7,000 new wallets created within 24 hours. This growth was accompanied by a significant rise in retail interest, with 5.5% of all crypto discussions centered around XRP, the highest level since mid-March when Ripple’s CEO announced the end of the prolonged legal battle between the company and the US SEC. Furthermore, the number of large wallets holding at least a million tokens had risen to an all-time high, indicating strong institutional support.

Another key factor contributing to XRP’s rally is the overall market resurgence. XRP was not the only cryptocurrency in a consolidation phase for weeks. Bitcoin, the market leader, was in a similar state despite some volatility experienced during the Israel-Iran war. However, it broke out on Wednesday evening and led the entire market into the promised land. After surging to a new all-time high of almost $119,000 on Friday, many altcoins followed suit, including XRP. Being the first, biggest, and arguably most important digital asset, BTC’s moves effect significantly the rest of the market.

Despite the positive momentum, XRP faces several challenges. A system glitch briefly displayed XRP prices at an astronomical $691,667, raising concerns about Ripple’s price reporting systems. These vulnerabilities could deter institutional adoption if not addressed. Furthermore, speculation over the SEC’s decision on XRP ETFs and testimony from Ripple’s CEO before the Senate Banking Committee have kept XRP in the regulatory spotlight. ProShares’ planned launch of XRP futures ETFs further underscores growing institutional interest.

XRP also faces criticism for centralized token distribution and allegations of market manipulation. These factors could limit its long-term adoption and hinder price stability. The cryptocurrency market's recent surge has been fueled not just by Bitcoin's ascent but also by a quieter revolution in regulatory clarity. This regulatory clarity has contributed to the bullish sentiment surrounding XRP.

As of July 12, 2025, XRP is in a strong bullish trend, with key technical indicators supporting upward momentum. The current price of $2.79 reflects a 7.99% increase in 24 hours, with a 24-hour high of $2.98 and a low of $2.55. The short-term momentum, as indicated by the SMA7 ($2.48) and EMA12 ($2.44), suggests strong upward movement. Longer-term trends, confirmed by the SMA50 ($2.24) and SMA200 ($2.37), indicate a bullish crossover. Momentum indicators such as the RSI (14) at 80.06 suggest strong demand, while the MACD at 0.1107 with a widening histogram signals bullish acceleration. The Stochastic Oscillator, with %K at 78.08 and %D at 81.70, suggests potential consolidation after recent gains. XRP is trading above the upper Bollinger Band ($2.66), indicative of bullish momentum but also overextension. Key resistance levels are at $2.98, with support at $2.77 and stronger support at $1.96.

In the short term, XRP may test $3.00-$3.29, driven by ETF momentum and institutional adoption. In the medium term, if Ripple secures its banking license and ETFs gain traction, XRP could break above $3.50, targeting new all-time highs. Long-term, sustained regulatory clarity and adoption could propel XRP toward $5.00, provided centralized supply concerns and technical vulnerabilities are addressed.

However, regulatory uncertainty, market manipulation, and technical vulnerabilities pose significant risks. Delays or rejections in Ripple’s banking license application could negatively impact XRP’s price. Allegations of price suppression and centralized token distribution could deter institutional investors. Recurring glitches, like the recent $691,667 price error, raise concerns about Ripple’s blockchain infrastructure. Additionally, XRP’s overbought RSI and Bollinger Band positioning suggest a potential short-term pullback.

Ripple (XRP) is riding a wave of bullish momentum, fueled by major partnerships, regulatory advancements, and ETF anticipation. While the technical outlook remains strong, traders should remain cautious about overbought conditions and long-term risks. As Ripple continues to solidify its position within institutional finance, XRP could be poised for significant growth, making it a cryptocurrency to watch closely in the months ahead.