$XRP something no one is tslking about this. Why’s the price up today⁉️
$XRP rose 3.93% in 24h due to institutional adoption progress, technical breakout, and bullish stablecoin momentum.
1. BNY Mellon partnership for Ripple’s RLUSD stablecoin custody boosted confidence.
2. Break above key resistance ($2.36) triggered short-term momentum.
3. Regulatory optimism grew after Ripple’s CEO testified at a Senate hearing.
Deep Dive
1. Primary Catalyst: Institutional Momentum
Ripple announced BNY Mellon as the custodian for its RLUSD stablecoin on July 10, 2025 (Ripple CEO). RLUSD’s market cap crossed $500M, reinforcing XRP’s utility in Ripple’s payment ecosystem. This follows Ripple’s banking license application, which could deepen ties with traditional finance.
2. Technical Context
XRP broke above its 200-day SMA ($2.36) and Fibonacci 23.6% retracement ($2.30), confirming bullish momentum. The RSI-14 at 65.46 suggests room for upside before overbought conditions. However, low trading volumes ($5.3B vs. $10B+ during major rallies) hint at fragility.
3. Supporting Factors
• Regulatory clarity: Ripple’s CEO highlighted its 2023 court win during a Senate hearing, easing investor concerns (Garlinghouse).
• Stablecoin growth: Analysts project the stablecoin market could reach $2T, benefiting Ripple’s ecosystem.
• Japan’s SBI Group enabled crypto conversions for credit card points, expanding XRP’s retail use case.
Conclusion
XRP’s rally reflects institutional progress and technical momentum, but sustainability depends on holding $2.36 support and RLUSD adoption. Will regulatory tailwinds offset lingering low-volume risks in the short term?
