Amidst the cacophony of the digital world, XRP has emerged like a phoenix from the ashes, posting its most significant weekly rally in months. The token has surged nearly 80% from the lows of April, reaching a five-month high on Friday. This meteoric rise is a testament to the broader strength in the crypto market, as investors, like moths to a flame, flock to risk assets, buoyed by fresh regulatory winds and Bitcoin’s record-breaking ascent.
On July 11, the Ripple (XRP) token soared to $2.9695, its highest point since March 2, fueled by three key factors: Bitcoin’s (BTC) unprecedented surge to an all-time high of $118,300, the accelerating inflows into the newly minted leveraged XRP ETF, and the renewed optimism following Ripple CEO Brad Garlinghouse’s appearance in Washington, where he charmed the political elite ahead of the proposed CLARITY Act. 🎩✨
With bullish technical signals, including a triumphant breakout from a months-long triangle pattern, traders are now eyeing a return to the coin’s year-to-date peak of $3.3930. The stars, it seems, are aligning for XRP.
The recently launched Teucrium 2X Long Daily XRP ETF (XXRP) has been a magnet for investors, with its assets swelling to $248 million. Since its debut in April, the ETF has seen inflows every week, and its daily volume has skyrocketed. 📈💥
The XRP ETFs seeing surge in volume today, like 4-5x the norm, especially the 2x one $XXRP, which is up 27% today, 55% this week with $120m in volume.. Teucrium rewarded for getting out early.. ht @Todd_Sohn
— Eric Balchunas (@EricBalchunas) July 11, 2025
The surge in inflows into XXRP is particularly noteworthy given its hefty costs. Unlike most ETFs, which boast an expense ratio of less than 0.50%, the XXRP fund’s ratio stands at a staggering 1.89%. This means that a $10,000 investment will set you back about $189. But hey, you get what you pay for, right? 🤷♂️
The XXRP ETF aims to make up for the high fees by offering twice the daily return of Ripple’s price. For instance, while XRP price jumped by 24% in the last five days, the XXRP stock skyrocketed by 51% in the same period. Talk about bang for your buck! 💸🚀
The price surge was also influenced by Garlinghouse’s presentation in Washington, where politicians held a hearing on the upcoming CLARITY Act. This bill, under consideration during the upcoming Crypto Week, seeks to clarify the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission, much to the delight of crypto enthusiasts. 🎉,
XRP Price Technical Analysis
The daily chart reveals a strong rally this week, with Ripple’s token price breaking above the descending trendline that has connected the highest swings since January. This was the upper side of the triangle pattern, a bullish signal if ever there was one.
The 50-day and 100-day Exponential Moving Averages have formed a bullish crossover, and the Average Directional Index has climbed to 25, indicating a strengthening trend. Therefore, the most likely scenario is a continued rise, with the next key target being the year-to-date high of $3.3930. The future, it seems, is bright for XRP. 🌞
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2025-07-12 11:10