XRP The Giant is Attracting Large Funds

Market Overview

XRP surged to $2.78 (+8.22%) thanks to acceptance from institutions, regulatory progress, and technical breakout. With a market capitalization exceeding $170 billion, XRP is asserting its position as a leading cryptocurrency asset, attracting significant capital inflows from institutions.

Main Drivers from Institutions

• Partnership with BNY Mellon: Custody of the RLUSD stablecoin increases trust from institutions

• Bank License Application: The application filed on July 11 could allow for regulated financial services

• ETF Momentum: Decision from ProShares expected on July 14; ten applications are under review

• Whales Accumulating: 2,743 wallets are holding 1 million XRP or more (totaling 47.32 billion coins)

Technical & Trading Outlook

Current support lies in the range of $2.25-$2.45; if it surpasses $2.85, the next target is $3.00. Trading volume has surged from large orders confirming institutional buying activity. RSI indicates an overbought status in the short term but still maintains a positive uptrend in the long term.

Community Insights

XRP Surpasses $170 Billion Strong Uptrend Continues Ripple Expands Banking Range

Sentiment remains at 92.5% positive on Binance Square, focusing on XRP's intermediary role in connecting the traditional financial ecosystem and cryptocurrencies.#XRP $XRP