XRP has officially shattered its previous all-time high, surging to $3.65 following the U.S. House of Representatives’ approval of three major crypto bills—one of which is the highly anticipated Genius Act. The legislation aims to provide clearer regulatory frameworks for digital assets and now awaits final sign-off from President Donald Trump.
This political progress has ignited strong bullish sentiment around Ripple’s XRP, pushing the token up more than 20% in 24 hours. With this momentum, analysts are eyeing future resistance levels at $3.80, $4.33, and even $4.72 in the coming weeks.
Why Is XRP Soaring?
1. Legislative Clarity:The U.S. House passing crypto-positive legislation is a landmark move. The Genius Act, in particular, proposes a clear legal path for digital assets—something investors have long awaited.
2. Lawsuit Closure:The long-standing SEC vs. Ripple lawsuit appears to be over, with both parties reaching an agreement. This removes one of the biggest barriers for XRP adoption and investor confidence.
3. ETF Anticipation:Speculation is mounting around a potential XRP ETF approval in the U.S., with market analysts placing over 85% odds of approval before year-end.
4. Institutional Demand:Behind the scenes, major institutions are increasing exposure to Ripple's payment network. Growing adoption of its underlying technology continues to drive bullish fundamentals.
5. Retail FOMO:The retail crowd is re-entering the crypto market with full force, riding the wave of optimism across Bitcoin, Ethereum, and now XRP.
Technical Overview: Support & Resistance
XRP has established strong support in the $2.90–$3.00 range. As long as it holds above this zone, the bullish trend remains intact. A break above $3.80 would confirm another leg up, with $5 becoming a realistic short-term goal by the end of July.
However, if profit-taking emerges, a minor correction could briefly bring prices down to the support range, creating a potential re-entry opportunity for bulls.
Market Context
This XRP rally is part of a broader crypto resurgence. Over $500 billion in capital has re-entered the digital asset market in the past two weeks. Bitcoin has reclaimed $123,000, while Ethereum has surged to $3,400.
Quote:
“The momentum XRP is showing reflects a new era for crypto—driven by policy clarity, institutional buy-in, and renewed investor trust.”— Sandeep Baisane, Senior Crypto Analyst, CryptosNewss.com
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