- RLUSD stablecoin growth and U.S. Senate hearings support XRP’s increasing relevance in institutional payments and ETF filings.
- On-chain data shows whale accumulation near $2.10–$2.30, signaling confidence and potential fuel for further upside price continuation.
XRP is trading at $2.36, reflecting a healthy upward continuation with a 3.08% daily gain and over 8% in the last week. The price is positioned firmly above the key structural level at $2.30, signaling a confirmed breakout from the previous consolidation zone that held for over a month.
XRP’s market capitalization now stands at $139.6 billion, solidifying its position as the fourth-largest digital asset globally, and its trading volume over the last 24 hours has risen beyond $3.49 billion, reflecting increased investor demand and liquidity presence across all major exchanges.
Technically, XRP is in the midst of a strong breakout structure. The asset has pushed above an ascending triangle formation, with price action showing rising momentum into the $2.43–$2.48 region.
If this level is breached with volume, the next phase targets will move toward $2.60 and $2.85, which previously served as both rejection zones and high-volume nodes during the January distribution cycle.
On the fundamental side, Ripple’s RLUSD stablecoin has reached over $500 million in market capitalization and is now being integrated directly into XRP Ledger-based liquidity systems. This has created a growing demand for native XRP liquidity pairs and strengthened RippleNet’s infrastructure for cross-border payments.
Furthermore, Ripple CEO Brad Garlinghouse’s participation in U.S. Senate hearings has significantly boosted confidence among institutional observers, as it signals a shift toward clearer legal definitions and regulatory acceptance for XRP’s utility in traditional finance.
JUST NOW: RIPPLE $XRP CEO BRAD GARLINGHOUSE DISCUSSES RIPPLE'S NEW BANKING PARTNERSHIP pic.twitter.com/qBtv7hundj
— The Wolf Of All Streets (@scottmelker) July 9, 2025
This has been reinforced by the inclusion of XRP in several pending crypto ETF filings, especially those focused on blue-chip digital assets, which is helping solidify the narrative around XRP’s institutional relevance.
XRP Ledger itself continues evolving with technical upgrades, including native AMM deployment and the implementation of Hooks smart contract primitives, which have opened the door for lightweight DeFi protocols to launch directly on XRPL.
Validator distribution continues to decentralize, and the network’s average transaction time remains at around 3–4 seconds with ultra-low fees, keeping XRP one of the most scalable and cost-efficient payment layers in the space.
On-chain data further confirms rising whale accumulation in the $2.10–$2.30 region, indicating strong support and renewed accumulation by high-volume actors.
If price continues to build above $2.35, the breakout has enough fuel to attempt a run toward $2.85 and challenge the macro high at $3.40. A clean move beyond that point may trigger cycle-level extension targets toward $5.00 and above.
