XRP has recently stood out in the cryptocurrency market, becoming the focus of attention from various parties.

On July 18, the U.S. SEC announced a complete withdrawal of its appeal against Ripple's programmatic sales, marking the end of a four-year regulatory dispute and providing a definitive judicial confirmation of XRP's "non-security" status. On the same day, the "GENIUS Act" passed with a high vote of 308:122, transferring stablecoin regulatory authority to the Treasury/OCC and weakening the SEC's jurisdiction. With these dual positive developments, XRP has emerged from its regulatory predicament, becoming the "safest crypto asset" in the eyes of institutions.

The market reacted quickly and strongly. On July 18, XRP's price surged nearly 20%, and on-chain data indicated that 2,743 whales purchased 1.4 billion XRP within a single week, setting a historical peak and leading to a liquidity crisis, with its market capitalization rising to $211.9 billion, firmly securing its position as the third-largest cryptocurrency.

Technically, XRP's daily chart has formed an inverse head and shoulders pattern and has broken through the $3.80 neckline. Due to its similarity to the technical pattern of the Elliott Wave cycle of Bitcoin in 2017, many investors are anticipating a replication of Bitcoin's rise, believing that there is significant upside potential in the future.

Additionally, the expectation for XRP's ETF approval is heating up. Bloomberg analyst James Seyffart stated that a futures ETF may be approved in the coming months, and Ripple CEO Brad Garlinghouse also expects to launch it in the second half of 2025. Currently, multiple applications are awaiting approval, which, if granted, would introduce substantial institutional funds. In terms of application scenarios, RippleNet 3.0 achieves cross-border payment confirmations in 3.5 seconds and has completed PoC tests with 23 international banks; the self-developed stablecoin RLUSD has submitted an OCC license application, and it has integrated with Wormhole and launched a permissioned DEX on the XRP Ledger, facilitating institutions' entry into DeFi. All these factors lay a solid foundation for the appreciation of XRP's value.

However, the cryptocurrency market is fraught with risks and uncertainties, and investors should remain rational and manage risks while paying attention to XRP. #xrp #ETH