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XRP – the third largest cryptocurrency by market capitalization – is drawing significant attention as it reached a new historical peak of $3.66 on July 18. The uptrend began from a low of $1.9 established on June 22, creating an impressive recovery in the context of supportive policy and technical factors.
🏛️ Macroeconomic News Driving the Uptrend
Three important cryptocurrency laws have just been passed in the United States, notably:
CLARITY Act: Clarifying the legal framework for digital assets
GENIUS Act: Supporting innovation and development in the blockchain field
Third Act (name not specified): Enhancing investor protection and promoting transparency
These laws not only create a solid legal framework for the market but also help to foster trust and capital flow from major institutions.
🔁 ProShares, one of the leading ETF issuers, has filed for the establishment of the first XRP futures ETF fund. Additionally, 11 other asset management companies are awaiting approval for XRP-related ETF products, raising the probability of approval to 88% by December 2025, according to analysts.
📈 Technical Analysis: Strong Structure – Is Breaking $4 Within Reach?
Currently, the price of XRP is hovering around $3.45, slightly up +0.25% in the past 24 hours. Since the peak of $3.66 on July 18, the price has maintained a narrow range from $3.35 to $3.48, indicating a healthy accumulation phase rather than a deep correction.
👉 Key support: $3.34
👉 Important resistance zone: $3.60 – $3.66
👉 Potential breakout point: $3.70 and then $4.00
A "Golden Cross" – when the MA50 crosses above the MA200 – is about to form on the daily chart, a classic technical signal for a strong uptrend in the medium and long term.
🌐 Is the Altcoin Season Approaching?
According to CoinMarketCap's Altcoin Season Index, the index is currently at 47. If this index exceeds 75, the market officially enters "altcoin season," where coins other than BTC often surge. XRP is standing out as a leading candidate in this new cycle, with capitalization, liquidity, and institutional interest all rising.
🔍 Conclusion: XRP Not Exceeding $4 Is Not a Failure
The fact that the price has not exceeded $4 is not a negative signal, but reflects a stable and necessary accumulation phase. When market momentum returns – possibly from ETF news or the official start of the altcoin season – XRP has the potential to break through and move straight towards the $4 range and beyond.
🎯 Key Levels to Watch in the Short Term:
$3.34 – if this support holds, the uptrend remains intact
$3.66 – breaking the old peak will trigger strong FOMO flow
$4.00 – an important technical target, if exceeded will create a breakthrough in market sentiment
👉 Do you think XRP can break $4 in August? Or does it need more time? Let's closely monitor and prepare the right strategy! 🚀$XRP