After years of enduring crypto winters and regulatory uncertainty, XRP is back in the spotlight, experiencing a powerful rally that has captured the attention of both retail and institutional investors. On July 20, XRP surged past $3.50, registering a +5% gain driven by key developments in U.S. legislation and bullish market indicators.
One of the major catalysts behind this rally is the passing of the Genius Act in the U.S. Congress, which enhances the legal status and utility of cryptocurrencies, including XRP. This legislative milestone has significantly boosted market sentiment, fueling optimism for broader crypto adoption.
During daily trading, XRP hit a high of $3.64, and many prominent analysts believe this upward momentum is far from over. Veteran trader Peter Brandt has projected a further rise of 60%, suggesting that XRP could soon reach around $4.47, provided current conditions hold.
Moreover, activity from crypto whales has increased notably. Just recently, $70 million worth of XRP was moved into Coinbase, signaling strong accumulation from large investors. Technical indicators are also aligning with the bullish narrative. The appearance of a "Golden Cross" pattern in MVRV (Market Value to Realized Value) supports the possibility of a continued upward trend. In addition, the formation of a parabolic angle and a sharp increase in trading volume further indicate high-momentum growth.
Despite the strong rally, investors should remain cautious. A correction is always possible, particularly if short-term traders begin to take profits. However, the broader outlook remains optimistic. If U.S. regulatory frameworks continue to evolve positively and cryptocurrencies are included in mainstream investment portfolios such as retirement plans, XRP’s momentum is likely to continue in the short to medium term.
For long-time holders who have withstood the volatility of past years, the current surge may finally represent the breakthrough they have been waiting for. With price targets ranging between $8 to $10, XRP could be on the verge of a historic run—but as always, high reward comes with high risk. Do your own research and trade responsibly.
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