📈 XRP is putting on a spectacular performance – over the past 12 months, it has outperformed Bitcoin by an astonishing 277%. All this without an ETF, without DeFi yield opportunities, yet with massive interest from major players. Is this the start of a parabolic rise?
XRP Outshines Bitcoin: No ETF, No DeFi, Yet Huge Gains
While Bitcoin has gained a solid 88% since July 2024, XRP has skyrocketed by an incredible 277%. The XRP/BTC ratio jumped from 0.00000902 to 0.0000303, confirming a strong uptrend. According to crypto analyst Kyle Chassé, the most impressive part is that XRP achieved this without ETF approval, DeFi rewards, or government backing.
But that may soon change. ProShares is launching its leveraged Ultra XRP ETF on the NYSE Arca today, July 18. Other financial giants like Franklin Templeton and Bitwise have also filed applications for their own XRP ETFs. Wall Street is starting to pay attention.
XRP Just Hit a New All-Time High – Analysts Expect More to Come
XRP recently surged past $3.66, surpassing its previous all-time high of $3.40 from 2018. Analyst Dark Defender posted on X: “Buckle up!” – referencing the classic cup-and-handle pattern, a bullish formation that often precedes major breakouts.
Institutions Are Doubling Down – More Growth Ahead?
Institutional interest in XRP is rising rapidly. On July 11, CME recorded $235 million in daily trading volume for XRP and Micro XRP futures – a new record. This suggests that institutional investors are positioning for the next price wave.
Ripple has also partnered with Ctrl Alt to introduce institutional-grade custody for tokenized real estate titles on the Dubai market using the XRP Ledger. Meanwhile, Webus International has created a $300 million XRP reserve, managed by Samara Alpha Management, according to a recent SEC filing.
XRP Getting Closer to DeFi
Although the XRP Ledger doesn’t yet support native staking, platforms like Uphold are working on wrapped solutions that would allow users to earn yields. Moreover, a new Ethereum-compatible sidechain has attracted over 1,300 smart contracts, signaling increased integration with the broader DeFi ecosystem.
Summary: XRP in the Spotlight – Is a Price Breakout Inevitable?
🚀 XRP is exceeding expectations. Without traditional advantages like ETFs or staking, it has carved out a strong position thanks to price action, institutional interest, and technological developments. If further ETFs are approved and XRP expands its DeFi functionality, this altcoin could become one of the key winners in the next crypto cycle.
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