XRP: Regulatory Easing, Can It Open the Path to a Surge?
Recently, in the cryptocurrency sphere, XRP's popularity has soared, attracting significant attention from investors. On July 18, two major pieces of news stirred the market.
The U.S. Securities and Exchange Commission (SEC) urgently held a closed-door meeting and fully withdrew its appeal against Ripple's programmatic sales, ending XRP's four-year regulatory dilemma, confirming its 'non-security' status through judicial means, and freeing it from policy constraints. On the same day, the 'GENIUS Act' was passed with a high vote, transferring the regulatory authority over stablecoins and weakening the SEC's jurisdiction, marking a double boon for XRP, shifting it from being suppressed by regulation to being regarded as a 'safe asset' by institutions.
The market quickly responded positively. On July 18, XRP's price surged nearly 20%, becoming the market's focal point. On-chain data was astonishing, with 2,743 whales buying 1.4 billion XRP in a single week, setting a historical high, leading to liquidity tightening, with a market cap reaching $211.9 billion, firmly holding the position of the third-largest cryptocurrency.
From a technical perspective, XRP's trend looks promising. The daily chart formed an inverse head and shoulders pattern, breaking through the neckline at $3.80. Compared to Bitcoin's miraculous surge in 2017, XRP's technical pattern is similar, and investors are filled with expectations for its future upside potential.
The anticipation of ETF approval and expansion of application scenarios also add to its positive outlook. After the SEC dropped its appeal, the chances of XRP ETF approval rose to 85%. Bloomberg analysts stated that a futures ETF might be approved within months, with Ripple expecting to launch an ETF in the second half of 2025, and there are already applications under review. In terms of application scenarios, RippleNet 3.0 achieved cross-border payment confirmations in 3.5 seconds, completing tests with 23 banks; it has applied for a license for its self-developed stablecoin and launched a permissioned decentralized exchange to enhance XRP's usability.
Currently, with regulatory obstacles for XRP eliminated, prices rising, ETF approval on the horizon, and a rich array of application scenarios, its market position is stabilizing, and the outlook is optimistic. However, the cryptocurrency market is high-risk and unpredictable, and investors should remain rational and cautious, managing risks effectively.
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