XRP’s price is making headlines again. On July 14, it touched $3 for the first time in years, rising nearly 8% within a single day, now eyeing an ATH. This move isn’t happening in isolation. Simultaneously, Bitcoin just hit a new all-time high at $123,000, and the total crypto market cap crossed $3.79 trillion.
XRP is currently priced at $3, market cap valuing $177.8 billion and a 24-hour trading volume valuing at $11.08 billion.
The reason for XRP’s surge is Ripple’s application for a Federal Reserve master account and the news that ProShares ETF is going live on July 18. If Ripple gets approval, it would mean direct access to the U.S. payment system for its RLUSD stablecoin, cutting out middlemen and reducing risks for banks and institutions using its services.
This isn’t some vague crypto promise. A Fed master account puts Ripple in the same league as traditional financial institutions, giving XRP a more solid footing in regulated finance.
Adding to that, the Federal Reserve officially rolled out its ISO 20022 upgrade today. This global payment standard helps banks communicate more efficiently. XRP has long been positioned as ISO 20022-compliant, and now, that alignment has real-world weight. It’s also why traders are suddenly paying fresh attention to XRP.
From a chart perspective, XRP has pushed past the $2.72, it has broken the ascending resistance level and is hovering around the key $3 mark. Trading volume has spiked too, up nearly 50% over the last 24 hours.
But things aren’t all smooth sailing. Indicators show the market might be overheating. The daily RSI is over 81, while the weekly reading is above 92, both suggesting that XRP might be due for a breather.
If XRP holds above $3 by the end of the day, traders see $3.20 to $3.25 as the next stop. If momentum stays strong, $3.40 or even $3.50 is possible. But if XRP slips below $2.90, things could pull back quickly. Support sits at $2.80, with deeper fallback zones around $2.60 if sellers step in hard.
For now, XRP’s rally looks tied to real developments, not just hype. Ripple’s regulatory moves and global payment system upgrades have given it new life in a crowded crypto market. Whether that translates into a sustained breakout depends on how the next few days play out. But for the first time in a while, XRP is back in focus for both traders and institutions alike.
Also Read: Bitcoin Price Hits All-Time High of $121,000, Eyes $125K Next
