#USCryptoWeek
XRP price surges as new Ripple ETF nears $250m milestone.
XRP just posted its biggest weekly rally in months, surging nearly 80% from April lows to hit a five-month high on Friday. The rally mirrors broader strength across the crypto market, as investors pile into risk assets amid fresh regulatory momentum and a record-breaking run for Bitcoin.
The ripple token jumped as high as $2.9695 on July 11, its highest level since March 2, driven by three key factors: Bitcoin’s surge to an all-time high of $118,300, accelerating inflows into the new leveraged XRP exchange traded fund, or ETF, and renewed investor optimism following Ripple CEO Brad Garlinghouse’s appearance in Washington ahead of the proposed CLARITY Act.
Combined with bullish technical signals—including a breakout from a months-long triangle pattern—the rally has traders eyeing a return to the coin’s year-to-date peak of $3.3930.
The recently launched Teucrium 2X Long Daily XRP ETF (XXRP) continued to attract investors, with its assets increasing to $248 million. It has experienced inflows in every week since its launch in April, and its daily volume has increased significantly.#ShariaEarn #Write2Earn #Xrp🔥🔥 #TradingStrategyMistakes $XRP $BTC $ETH