Why is $XRP going up?

Deep Dive

1. Primary Catalyst: Regulatory Milestones

The U.S. House passed the GENIUS Act on 17 July 2025, which clarifies stablecoin rules and prohibits a CBDC (CoinMarketCap).
This legislation, now headed to President Trump’s desk, is seen as a
tailwind for Ripple’s U.S. expansion plans, including its RLUSD
stablecoin. XRP’s price spiked 8% immediately after the vote, aligning
with historical patterns where regulatory progress triggers rallies.

2. Supporting Factors: Whale Activity & ETF Speculation

Ripple-associated whales moved 1B XRP ($3.64B) on 17 July, the largest daily transfer since January 2025 (TheCCPress).Co-founder Chris Larsen transferred $26M XRP to Coinbase, interpreted as strategic positioning rather than bearish signaling given his retained $8.3B stake (CoinMarketCap).Markets are pricing in 65% probability of an XRP ETF approval by Q4 2025, per Polymarket data.

3. Technical Context: Overheated but Bullish

RSI(7) at 95.08 shows extreme overbought conditions, yet prices held above the $3.35 pivot point.MACD histogram turned positive (+0.101) on 17 July, confirming upward momentum.

Fibonacci extensions suggest $4.55 as next target if $3.64 support holds.

Conclusion

XRP’s surge combines regulatory tailwinds, whale-driven liquidity, and FOMO in derivatives markets. While technicals warn of consolidation risks, the GENIUS Act’s passage could sustain institutional interest.

Watchlist: Can XRP decouple from Bitcoin if the SEC lawsuit concludes favorably this week?