#XRP

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𝙒𝙝𝙮 𝙞𝙨 𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙐𝙥 𝙏𝙤𝙙𝙖𝙮?

July kicks off with a positive note for the XRP token as the price witnesses significant upward momentum. The Ripple token hit a multi-year high in January 2025 but consolidated with the rest of the crypto market before investors’ interest reignited. Just today, the price has surged 3.6% and even higher on the weekly frames as macroeconomic and technical factors support a bullish move.

With a 3.6% surge today and 9.3% over the week, the price of XRP is currently $2.38. Along with that, its market capitalization is at $140.7B with $3.33B in trading volume. Notably, this surge happened as various technical and economic factors influenced investors’ sentiments.

With the token emerging from a 32-week symmetrical triangle, it’s attaining nearly a month’s high. CoinGlass data shows that the open interest in XRP futures has reached a new peak of $5.56B, a 10% increase today and a 33% increase since June 22.

Crypto analyst Ripplesinwales highlights that the token’s technical indicator, Bollinger Band, is on the same level, which has resulted in a 600% rally in the past. Other factors like the MACD histogram and RSI leave room for upside, fueling the surge.

Not to forget, the ProShares’ XRP Futures ETF is targeting a July 14 launch after clearing the DTCC listing token. Trump’s Blue Chip Crypto ETF also allocated 2% of its funds to XRP, giving the Ripple tokens the much-needed institutional exposure.

Besides, the broader crypto market is up with a shift in investor sentiments and crypto-related developments. In this, the upcoming Crypto Week discussing top crypto bills also played a significant role.

Crypto analysts have already predicted a rally to $2.38, followed by $2.60 and $3.40 once it closes above $2.28 with high trading volume. The first target is already achieved, increasing the odds of the other two.