XRP Surges 70% as ProShares ETF and U.S. Legislation Fuel Rally

XRP's latest price was $, in the last 24 hours. The introduction of the ProShares Ultra XRP ETF marks a significant milestone for XRP, as it is the first leveraged ETF to offer exposure to the digital asset. The ETF does not directly hold XRP, but rather tracks the price of XRP derivatives, which has impacted its trading dynamics. The ETF launch has also coincided with a surge in active addresses on the XRP Ledger, reaching a seven-year high. This increase in activity has not had a cross-asset impact on Bitcoin or Ethereum, indicating that the market is responding specifically to developments related to XRP.

Financial markets have witnessed increased XRP activities without influencing BTC or ETH. The ETF introduction marks a milestone for XRP after SEC litigation, yet official statements on pricing remain limited. Clarity around XRP is key for onboarding institutional flows, according to David Schwartz, CTO of Ripple. Historical ETF launches often generate initial price rallies, later tempering with market stability. The present market dynamics follow similar patterns, stirring speculation within cryptocurrency communities.

XRP's current upswing could instigate correlated movements in high-beta altcoins. Eyes remain on broader market reactions to determine future pricing and technological impacts. Crypto influencer Xaif recently sent waves through the XRP community with a striking post on X, revealing that $29 million worth of XRP changed hands in a single minute. This sudden and intense burst in trading activity has drawn global attention, reinforcing XRP’s growing prominence in the digital asset landscape.

A one-minute trading volume of $29 million is highly unusual, even for a large-cap asset like XRP. Such surges typically point to coordinated activity by whales or institutional players, entities capable of executing massive trades without disrupting market equilibrium. Xaif’s observation comes at a time when XRP’s daily volume has already exceeded $8 billion, reflecting rising investor confidence and liquidity across global markets. This isn’t the first time XRP has experienced a rapid spike in activity. Similar volume bursts have historically preceded major price movements, either as precursors to breakouts or as liquidity reshuffling by large holders. The $29 million spike aligns with this pattern, suggesting that big players are once again maneuvering in preparation for something bigger.

XRP’s current rally comes amid broader macro developments. The approval of U.S. crypto legislation such as the GENIUS Act, alongside increased clarity around digital asset taxation and custody rules, is fueling optimism among institutional investors. The prospect of XRP inclusion in retirement accounts and whispers of a potential spot ETF have also added fuel to the rally. On-chain metrics further validate XRP’s recent momentum. On July 18, the XRP Ledger processed over $1.4 billion in transaction volume, alongside a 50% increase in active wallet addresses. These figures point to real-world utility and user engagement, not just speculative hype.

Thanks to XRP’s ultra-fast processing time (around 3–5 seconds per transaction) and near-zero fees, the network continues to attract payment providers, remittance platforms, and fintech innovators. These fundamentals make XRP well-suited for real-time, high-volume use cases, differentiating it from many of its peers in the digital asset space. The explosive $29 million trade spike captured by Xaif is more than a fleeting anomaly; it’s a strong signal of heightened interest and capital inflow. While volatility remains part of the equation, XRP appears to be entering a more mature phase of its market cycle.

If bullish sentiment holds and regulatory clarity continues to unfold, XRP could retest its all-time high and potentially aim for higher targets. However, success will depend on sustained volume, continued adoption, and broader market stability. In the meantime, all eyes remain on XRP. The speed and scale of recent developments suggest that the asset is once again commanding the spotlight, and perhaps, preparing for its most significant breakout yet. XRP Ledger activity soared, seeing nearly 1.4 million transactions and around 1.5 billion XRP transferred. Network metrics indicate heightened activity reminiscent of previous price surges. As of the latest indexed primary sources, direct quotes from key figures associated with Ripple regarding the July 2025 surge in XRP Ledger activity are not available. Ripple's leaders, including CEO Brad Garlinghouse, have not publicly commented, but network data shows increased volumes. XRP's price climbed, driven by market optimism. Market reactions have been strong, with XRP rallying over 30% recently. The price rallied amid high on-chain transactions, influenced by broader cryptocurrency trends. The recent activity brought XRP prices close to their historical highs. Some analysts view transaction volume as a bullish signal for XRP. Long-term outcomes include potential technological updates and market shifts. Analysts will be watching how this activity influences XRP’s future trajectory and market standing.

XRP is in the spotlight again. The digital currency rose to over $3.65, smashing every previous record and catching the attention of the world. This boom came at a time when significant crypto regulations passed through Congress and the White House, an event many refer to as a historic occasion in the world of digital assets. The spike was recorded in the market data as the price of XRP surpassed the figure of 3.65 before dropping a bit to 3.41. The token gained over 70 percent in a span of one month. The interest in trading went through the roof and the open interest in the derivatives markets reached over 10 billion dollars. It was done by institutional traders, as XRP briefly surpassed Tether, becoming the third-largest cryptocurrency in terms of market capitalization this week. Ripple’s leadership weighed in on the landscape shift. With the caption, “Team Ripple at the White House, celebrating a historic day in crypto!” the CEO posted. I am enjoying the celebrations from a distance, even if I am unable to attend in person. The approval of the GENIUS Act, he said, was the most crypto-friendly move by any U.S. administration to date.

Landmark U.S. legislation turbocharged XRP’s ascent. Government officials greeted digital asset companies and stakeholders at a lavish signing in the White House East Room, as they welcomed the CLARITY and GENIUS Acts into law. The GENIUS Act establishes a regulatory framework for stablecoins and requires issuers to fully back each one-to-one with U.S. dollars or Treasury notes. The purpose of this action is to stabilize the financial system and upgrade the dollar to provide what the administration referred to as a 21st-century upgrade. At the ceremony, the president stated that the legislation would release the potential of dollar-backed stablecoins that was immense, and continued by saying that the moment could become “the biggest financial tech revolution since the creation of the Internet”. Two other bills have passed as well, which introduced stricter control over digital commodities and prevented the Federal Reserve from directly issue a retail central bank digital currency. The green light given to an exchange-traded fund (ETF) by ProShares caused the momentum of XRP to go into overdrive. The ETF, which is now known as the Ultra XRP ETF (UXRP) on NYSE Arca, claims to offer leveraged exposure to the price action of XRP. The ETF allows professional traders and retail traders to aim at twice the daily returns of the token. Experts in the field believe that the crypto market has finally entered its institutionalization phase, thanks to the ETF’s green light, the situation’s apparent legal certainty, and a change in U.S. regulatory attitude. According to ProShares, the company was excited to launch leveraged funds that will provide an opportunity to target the gains associated with industry leaders such as Solana and XRP.

XRP has officially entered what analysts describe as its “parabolic phase”, a pivotal moment that could redefine the digital asset’s trajectory. According to chartist @meta_warior, whose technical analysis was highlighted by Amonyx on X, XRP may be on the verge of a historic rally, with price targets stretching as high as $100 based on logarithmic scale projections. The chart shared by @meta_warior outlines XRP’s journey through four major accumulation bases: Base 1 in 2014, Base 2 during the 2017 bull run, Base 3 between 2021 and 2024, and now Base 4. The asset is currently transitioning out of this final base, marking the beginning of a vertical ascent that mirrors prior explosive moves. This transition aligns with a technical pattern often referred to as the “Parabolic Needle,” a model where prolonged consolidation leads to an aggressive upward spike. The chart also positions XRP within a well-defined logarithmic growth channel that dates back more than a decade.