XRP Surges 1.618% as GENIUS Act Passes House, ETF Launches

XRP's latest price was $3.40, down 3.733% in the last 24 hours. In a significant development for the cryptocurrency landscape, the GENIUS Act, which proposes a stablecoin framework centered around Ripple’s RLUSD, has garnered substantial institutional interest. This legislation, awaiting President Trump’s signature, has passed the House with bipartisan support and is scheduled to be signed on July 18, 2025. The GENIUS Act introduces a federal framework for stablecoins, with Ripple’s RLUSD expected to be the core asset within this system. Market participants anticipate that this framework will serve as a gateway for increased institutional activity and signal a broader shift toward clearer cryptocurrency regulation. Two more crypto bills, the CLARITY Act and the Anti-CBDC Act, have also moved along with the GENIUS Act. The GENIUS Act passed by a majority with 308 to 122 votes, with more than 100 Democratic votes recorded in the House in favor. However, there is still no action on the CLARITY Act in the Senate, and it is not likely to impact immediate market activities. The crypto communities are eagerly awaiting the signing of the GENIUS Act, with analysts predicting that the recent surge in XRP may extend as more regulatory certainty is established. This legislative change is seen as a game-changer, as the figure has been attained by XRP without an ETF approval being passed.

In a pivotal move for digital asset adoption, the ProShares Ultra XRP ETF (ticker: UXRP) is now officially live. This development, confirmed by crypto community source RippleXity on X, signals a major advancement in bringing XRP to traditional financial markets through regulated investment products. ProShares, renowned for its lineup of leveraged and inverse ETFs, has expanded its offerings with the launch of UXRP, an exchange-traded fund designed to deliver 2x daily exposure to the performance of XRP. This allows investors to gain amplified access to XRP price movements without the technical complexities of owning the asset directly. Through derivatives and futures contracts, the fund aims to mirror XRP’s daily returns, appealing to both institutional players and high-risk-tolerant retail investors. The SEC filing specifies that the proposed effective date for UXRP was July 18, 2025, under paragraph (b) of the applicable rules. With the ETF now live, ProShares has officially ushered XRP into the growing family of crypto-linked ETFs traded on U.S. markets. The debut of UXRP follows a wave of crypto ETF approvals in the United States, including spot Bitcoin ETFs approved in early 2024 and Ethereum ETFs greenlit. While UXRP is not a spot ETF, its leveraged structure reflects growing regulatory openness toward offering advanced XRP-related financial products to the public. This shift in regulatory tone has been made possible, in part, by the legal clarity achieved in Ripple Labs’ multi-year battle with the SEC. In 2023, U.S. District Judge Analisa Torres ruled that XRP sold on secondary markets does not qualify as a security. That decision was a watershed moment, providing the legal foundation for institutions like ProShares to launch XRP-based investment vehicles with confidence. The official SEC registration lists ProShares Trust as the registrant, headquartered at 7272 Wisconsin Avenue in Bethesda, Maryland. Richard Morris of ProShare Advisors LLC is named as the agent for service. Legal support for the filing was provided by attorneys Allison M. Fumai and Mark D. Perlow of Dechert LLP, an established legal firm with deep expertise in ETF compliance and regulatory filings. These details reflect the formal structure behind UXRP’s approval and underscore the seriousness with which traditional finance is now approaching XRP integration.

The ETF launch comes at a time of renewed investor interest in XRP, which recently broke its all-time high of $3.40 and surged to $3.60, hitting the 1.618 Fibonacci extension, a key level often targeted in major market rallies. With XRP now entering price discovery territory, a leveraged ETF like UXRP arrives at a strategically significant moment for investors looking to maximize exposure to future gains. RippleXity’s announcement on X was met with widespread excitement across the XRP community, with many seeing this as a major step forward in mainstreaming XRP as a legitimate investment vehicle. Summarily, the launch of the ProShares Ultra XRP ETF represents more than just another financial product, it signals a new level of institutional acceptance for XRP. By offering leveraged exposure in a regulated structure, UXRP opens the door for broader participation in the XRP market and elevates the asset’s standing among top-tier cryptocurrencies like Bitcoin and Ethereum. As investor appetite for crypto exposure continues to grow, UXRP provides a timely and powerful tool for those seeking to capture XRP’s upside within a traditional financial framework.

XRP Open Interest (OI) has surged to a new all-time high, surpassing $10 billion across major crypto exchanges. This jump in futures activity comes as the XRP price climbs toward $3.48, its highest level in years. Historically, rising Open Interest has often coincided with significant price rallies, suggesting the potential for further upside in XRP’s trajectory. Reports from Coinglass have revealed that the total Open Interest in XRP futures has climbed to a fresh ATH of $10.49 billion, reflecting a sharp increase in trading activity and capital inflows into the derivatives market. Notably, the Open Interest broke ATH targets after it exceeded the $9 billion mark, with trading activity continuing to accelerate, according to a recent X post by crypto analyst Captain Redbeard. Coinglass chart data from July 18, 2025, shows that XRP is currently trading at approximately $3.5, marking a significant recovery from its prolonged consolidation period just above $2 in recent months. The spike in Open Interest is reportedly driven by some of the top crypto exchanges, with Bitget leading with $2.21 billion, followed by Binance at $1.83 billion, Gate at $1.69 billion, Bybit at $1.53 billion, and other platforms contributing to the overall increase. Binance, the dominant player in XRP futures, has seen its Open Interest vault from around $544.4 million on March 11, 2025, to nearly $2 billion in just four months. This reflects a broader trend where major exchanges, including Bitmex, Coinbase, OKX, and Hyperliquid, witness multiple hundred-million-dollar positions being opened by traders betting on XRP’s next move. The correlation between Open Interest and price action often serves as a crucial signal in the derivatives market. Usually, when OI climbs alongside price, it suggests strong bullish momentum backed by real capital. Conversely, a surge in OI without a corresponding price increase can raise concerns over potential leverage traps or looming liquidations. In the case of XRP, both Open Interest and price appear to be rising, indicating sustained market confidence and the possibility of an even stronger uptrend.

The XRP price is eyeing higher levels this bull cycle, as crypto analyst Armando Pantoja has forecasted three upside targets for the altcoin in 2025. Firstly, the analyst announced that XRP has officially entered price discovery territory after smashing through the long-standing resistance level of $2.98. This breakout now marks the possible start of another bull phase, with XRP expected to hit an immediate target of $4 soon. Pantoja’s Projections also extend to a bullish target of $6.37 and even $8.12 before the end of 2025. These targets are based on Fibonacci Extension levels and historical cycle patterns, indicating that XRP could still be in the early phases of a larger breakout. Payment giant SWIFT has seen a significant decline in its transaction volume—a new development that coincides with a surge in transactions on the XRP ledger. The XRP ledger is gaining momentum as demand continues to surge, as evidenced by the increase in network activity, particularly the significant rise in transaction volume. The cross-border payment giant has seen an increase in bullish sentiment, validating the notion that it is bound to go mainstream in the long term. On the other hand, SWIFT is experiencing a decline in transaction volume, with a 15% drop recorded, according to a report from crypto analyst Paul Barron. The new development may be due to other unknown factors, but crypto market players suggest it could point to a more significant shift, a change in approach to global payments. The development positions Ripple as a go-to platform with the capacity to enable long-term scalability, utility, and valuation. Additionally, the XRP ledger is emerging as a bridge between the traditional finance world and the digital currency ecosystem. Although Ripple has emerged as a strong competitor, especially after capturing 15% of SWIFT’s trading volume, one market participant believes that SWIFT could utilize Ripple in the long term. Software developer and outspoken crypto market player Vincent Van Code made a big declaration, stating that SWIFT might adopt Ripple as an alternative settlement platform. “The big surprise will be when SWIFT announces it will use Ripple/XRP as an alternative settlement for interbank payments. You don’t always have to destroy your opposition. Just scare them enough to make sure they play with you.” He wrote. He proceeded to assert that Ripple could fix the underlying problems of SWIFT, “…know this is no conspiracy, but a possible outcome.” He added.

Significant legislative advancements have emerged in the cryptocurrency sector within the United States government. Three critical bills pertaining to digital assets recently cleared the House of Representatives. Included among these is the GENIUS Act, which focuses on establishing a regulatory framework for stablecoins. With these bills progressing alongside previously approved Senate measures, the broader legislative package moves towards the desk of President Trump, marking a notable development for the regulatory landscape. Amidst this evolving regulatory backdrop, XRP achieved a major milestone, reaching a new peak valuation within the current market cycle. This marks the first time in seven years that the digital asset has surpassed its previous highest recorded valuation point, signaling renewed market attention. The surge in trading activity coincided with this milestone, evidenced by the open interest for XRP derivatives contracts reaching an unprecedented level of $10 billion, indicating significant capital engagement with the asset. Market observation also notes considerable transactional activity associated with key figures. Reports indicate that Chris Larsen, one of the co-founders of Ripple, executed transactions involving tens of millions worth of XRP tokens during this period of heightened market activity. Looking ahead, analysts present optimistic projections for XRP's future trajectory, albeit contingent on broader market movements. The researcher known as Ripple Van Winkle suggests that XRP has the potential to reach double-digit valuation figures in the event of a substantial rally in the leading cryptocurrency, Bitcoin. Specifically, the analysis posits that if Bitcoin attains a price level of $140,000, XRP could potentially surge into a range between $10 and $14, reflecting expectations of a significant altcoin market expansion.