Ripple (XRP) surged 25.8% this week, surpassing $170 billion in market cap, once again becoming the third-largest cryptocurrency by market cap. XRP supporters broke through the key resistance level of $2.80, outperforming Bitcoin and Ethereum as the cryptocurrency market continues to hit new all-time highs.
We are closely monitoring the rise of XRP (XRP) at HashJ, interpreting its price action and providing expert insights into future trends.
Ripple (XRP) ETF Listing: A Disruptive Move for Institutional Investors
ProShares will list the first Ripple (XRP) futures ETF in the United States on July 18, 2025, which is significant and will make it easier than ever for institutional investors to obtain XRP.
The momentum has prompted 11 major asset managers, including Bitwise, Grayscale, Franklin Templeton, and 21Shares, to file applications, which has become a vote of confidence in XRP on Wall Street.
Legal Clarity in Sight: Ripple’s Dispute with the SEC Is About to Be Settled
There is also positive momentum on the regulatory front. Market speculation that the SEC may withdraw its appeal in the Ripple case, which will further solidify the 2023 court ruling that XRP sales to retail investors are not securities.
Polymarket believes that there is an 88% chance that the spot XRP ETF will be approved by December 2025. July 21 and July 25 are two dates that could finalize the leveraged ETF and kick off wider ETF acceptance.
Multi-year Technical Breakout: XRP Targets $6-8
The weekly chart for XRP shows that it has broken out of the symmetrical triangle that has formed since its all-time high of $3.84 in 2018. XRP is currently trading at $2.79, and volume and momentum are proving that this is the right move.
As XRP retraces its 200-week MA at $1.05, the technical picture suggests that it has a solid foundation for further gains. Current resistance is at $3.19, followed by $4.31, with the ultimate target around $6.00.
