XRP Breaks Past $2.90 in Explosive Rally

XRP surged to $2.9292, decisively breaking through the $2.60 resistance that held back rallies for most of 2025.

XRP Reclaims Market Standing

The token reclaimed its spot as the third-largest cryptocurrency by market cap, outperforming both Bitcoin and Ethereum in recent sessions.

SEC Appeal Dropped, Case Closed

In late June, the SEC officially withdrew its appeal in the long-standing Ripple case, closing a chapter of four years of legal uncertainty for the company.

Ripple’s Strategic Expansion

On July 2, Ripple filed for a federal bank charter with the Office of the Comptroller of the Currency, signaling plans for major growth in financial services.

ETF Filings and Product Launches

Eleven asset managers have applied for spot Ripple ETFs, while ProShares has already launched leveraged XRP products, increasing institutional exposure.

Technical Indicators Show Strength

The ADX reading of 34 confirms strong trending momentum, well above the 25 threshold. Meanwhile, the RSI at 81 points to overbought levels but suggests the bullish momentum could continue.