XRP has finally crossed the $3 barrier to a level it has not seen in months. The price surge follows days of attempting to break past solid resistance levels at $2.93. The surge is largely attributed to rising interest from Whales, real-world collaborations, and a positive sign from U.S. crypto regulations.
A few days ago for a brief time XRP did cross the $3 mark, but it was on some exchanges and not all, as of now it’s on almost every exchange be it centralised or decentralised.
US crypto regulations can assist Ripple and XRP
There’s an important movement in the U.S. regarding crypto regulations. Legislators are moving forward with the three prominent bills, the GENIUS Act (stablecoins focused), the CLARITY Act, and the Anti-CBDC Surveillance State Act.
There is also public support from President Donald Trump, who stated that 11 out of 12 politicians he met are supporting the bills.
As the bills move forward, firms like Ripple, which has backing for both XRP and its regulated stablecoin RLUSD, stand to gain considerably. Ripple already has offices in the U.S., Europe, and Asia, and more defined rules would allow it to expand more smoothly.
Real-world adoption is growing
Ripple signed two big deals in recent days. The Dubai Land Department is now tokenizing real estate ownership on the XRP Ledger. In the meantime, Mercado Bitcoin, one of Latin America’s biggest exchanges, is going to tokenize 200 million dollars’ worth of traditional assets on the same blockchain.
These are developments demonstrating that XRP is being employed for something beyond trading; it’s becoming relevant in real-life finance.
Whales are supporting XRP
On July 15, 235 million dollars in XRP futures were exchanged on the CME exchange. The open interest has doubled since June. New XRP wallet addresses are also increasing.
Though some technical metrics indicate momentum will lose steam, XRP breaking through $3 still marks a significant milestone.
What’s next
XRP is climbing due to increasing investors, strong real-world alliances, and backing from future U.S. crypto regulations.
If the trends persist, XRP may cross its all-time high of $3.40 and will make a new all -time high $4.80 as predicted, sooner rather than later.
Also Read: Ripple Partners with Ctrl Alt to Expand in Middle East
