The post XRP price soars 24% last week: what’s next for the Ripple token? appeared on BitcoinEthereumNews.com.

XRP rallies 24% on SEC approval of XRP-linked ETFs from ProShares and Grayscale. Volume explodes with over 182 million tokens traded, signaling strong institutional and retail demand. Breakout above $3.20 clears long-term resistance, unlocking upside targets up to $6.50. XRP took the crypto market by surprise last week, jumping nearly 24% and hitting new all-time high levels.  The token climbed to $3.27 and briefly spiked to $3.64 during intraday trading, marking a big breakout after months of stagnation. The rally seems to have been sparked by a mix of factors: buzz around newly approved ETFs, fresh interest from big institutional players, and solid technical momentum. All of it played out against the backdrop of an overall bullish mood in the crypto space, giving XRP the fuel it needed to take off. What drove XRP price rally? ETFs became one of the big reasons behind XRP’s breakout. After years of waiting, July saw the SEC finally approve several XRP-linked exchange-traded funds, ProShares and Grayscale among them. That opened the door for serious money to get involved. Once those products started trading on US exchanges, the floodgates opened. XRP volumes exploded, with more than 182 million tokens changing hands at one point. It wasn’t just hype; there was real buying from both institutions and retail investors jumping at the new access. Adding to the momentum, Grayscale brought XRP back into its Digital Large Cap Fund, the first time since the regulatory fog started to clear. It’s a signal that Wall Street is getting more comfortable with XRP’s legal standing. At the same time, Ripple’s push to secure a US bank charter is giving investors more confidence that the company and its token are moving toward firmer regulatory footing. Key technicals  XRP didn’t just make headlines last week; it made a real move.…

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Filed under: News - @ July 19, 2025 1:29 pm