XRP hit a new all-time high this week, establishing itself as a key player in the crypto ecosystem. Its price was boosted by regulatory developments and rumors of a possible ETF in the United States. What's next?
Experts predict that XRP could be entering a new phase of appreciation, supported by strong regulatory signals and growing interest from structured funds.
The new all-time high of $3,65, reached on July 18, marked a turning point for the cryptocurrency, which momentarily surpassed the market leader, Bitcoin, and other altcoins such as Solana as the focus of attention in the crypto ecosystem.
The recent passage of the GENIUS Act by the US Congress has reinforced this growing narrative, as it provides a clear and transparent legal framework for stablecoin issuers, including Ripple and its digital currency, RLUSD. Current conditions, both technical and regulatory, present a favorable environment for XRP, although some risks of a correction persist in the short term, according to experts.
XRP consolidates above $3
XRP's rally consolidated strongly after breaking above $3,60, fueled by a daily trading volume exceeding $22.500 billion, according to data from CoinGecko. Although the cryptocurrency's price has retreated slightly to the $3,45 area, technical indicators continue to show bullish signs.
For experts, the formation of a 'Golden Cross' and a positive MACD in place since late June reinforce the possibility of a new phase of price discovery for XRP.
Source: CoinGecko
Technical analysts have been pointing out that a daily close above $3,50 could pave the way towards $4, while a definitive break of the ATH at $3,65 would mark the Home of a new phase of appreciation. However, the Relative Strength Index (RSI) at overbought levels suggests caution regarding possible short-term corrections.
The GENIUS Act establishes the new framework for stablecoins
The passage of the GENIUS Act by the US Congress has been one of the most relevant catalysts for XRP's rally this week.
As this outlet has previously reported, this legislation establishes strict 1:1 backing requirements for stablecoins in the country, in addition to requiring periodic audits and federal licensing for issuers to ensure stability and user protection. However, with its approval, Ripple, as the issuer of RLUSD, directly benefits from this new regulatory environment, which provides certainty and increasingly positions the United States as a leader in financial innovation.
Ripple CEO Brad Garlinghouse publicly celebrated the passage of the GENIUS Act, highlighting that creates a clear and simple framework that unlocks the potential of dollar-backed stablecoinsr. Ripple has currently applied for a national banking license and a master account with the Federal Reserve, reinforcing its strategy of integration with the traditional financial system.
In all this context, Garlinghouse has been emphatic in his vision of XRP as an active 'bridge' between the traditional financial system and the new digital economy. In Senate testimony earlier this month, he asserted that there's no reason the United States shouldn't be the global leader in digital assets and blockchain, while also suggesting that the XRP Ledger (XRPL) could capture up to 14% of the global liquidity currently processed by SWIFT. If this happens, as he envisions, it could position Ripple as a key player in the cross-border payments ecosystem.
For his part, Ripple CTO Stuart Alderoty supported the passage of the GENIUS Act, ensuring that this will be the legal framework that will expand the use and adoption of XRP and RLUSD with legal certainty and transparency.
BUY XRP HEREXRP ETF: The Next Big Price Catalyst?
The launch of the futures ETF by ProShares, called 'ProShares Ultra XRP ETF' (UXRP) This has been another turning point for Ripple's cryptocurrency. This fund, approved by the SEC and NYSE Arca this month, offers 2x leveraged exposure to XRP futures. Its listing marked a regulatory milestone for the digital asset, which has faced various challenges in recent years.
In its early days, UXRP It saw significant trading volume and attracted estimated institutional inflows of over $500 million. Experts believe investor demand for this product could push the price of XRP to higher levels.
Likewise, the possibility of the SEC approving an XRP spot ETF is also on the radar, with the probability of approval hovering around 95% according to experts and the crypto community. If authorized by the SEC for trading on the US market, this financial product would allow investors to access XRP without having to directly hold the cryptocurrency, which would expand its adoption in traditional brokerage accounts.
However, despite the enthusiasm, analysts also warn of potential technical corrections, which could push the XRP price towards $3,00 or even $2,80, especially in the event of intense profit-taking. Still, the number of new addresses on the XRP network has increased, and whales continue to accumulate large amounts of this cryptocurrency, indicating growing adoption.
What to expect from the price of XRP?
XRP has managed to position itself as the protagonist of the crypto ecosystem this week, supported by regulatory advances, institutional interest, and favorable technical signals.
With the launch of a leveraged ETF and the passage of the GENIUS Act, XRP is at a crucial juncture. Although risks of a correction persist, the current scenario suggests that Ripple's cryptocurrency could continue to steal the show in the coming weeks.
