XRP surpassed $2.60, boosted by ETF rumors and increasing confidence in regulatory clarity after years of legal battles.
U.S. Congress is preparing to vote on three major crypto bills that could reshape asset classification and trading frameworks.
Market sentiment suggests growing institutional interest in XRP as speculation around a ProShares ETF listing continues to build.
XRP saw a sharp price increase last week as speculation over a potential ETF launch intensified. A tweet suggesting that asset manager ProShares could introduce an XRP ETF by July 18 gained traction online. Attorney John Deaton, known for defending XRP in legal battles, responded to the post with optimism. Although the official listing remains unconfirmed, the discussion has stirred significant interest in the market.
The recent momentum follows years of legal uncertainty surrounding XRP. The legal clarity achieved after prolonged litigation with the SEC now appears to be laying the groundwork for institutional-grade financial products. The timing aligns with a critical legislative window in the United States, adding weight to the speculation.
Market Responds as XRP Crosses $2.60 with Strong Momentum
XRP outperformed other top tokens, breaking above $2.60 during a week of broader market volatility. Technical indicators, such as the Relative Strength Index, show the token in overbought territory. However, traders remain more focused on regulatory signals and the rumored ETF launch than on cooling indicators.
The ETF speculation comes as U.S. lawmakers prepare to vote on three crypto-focused bills. These include the GENIUS Act for stablecoin oversight, the CLARITY Act to structure digital markets, and the Anti-CBDC Surveillance State Act. Together, they represent a potential overhaul of how digital assets are treated under federal law.
Institutional Readiness Meets Legal Momentum in XRP’s Case
Legal wins and product development around XRP suggest growing institutional acceptance. While the ETF date of July 18 remains uncertain, the market reaction shows a growing belief that XRP is now aligned with regulatory and investment-grade standards. The rising interest reflects a turning point for the asset, once caught in regulatory limbo.
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