XRP has recently performed well in the encryption market, becoming a focal point of interest for investors and institutions.

On July 18, the U.S. Securities and Exchange Commission (SEC) announced the withdrawal of its appeal against Ripple's programmatic sales, marking the end of this four-year regulatory dispute, with XRP being judicially recognized as not a security.
On the same day, the U.S. Congress passed the GENIUS Act with a vote of 308 to 122, transferring the regulatory authority over stablecoins from the SEC to the Treasury Department and the Office of the Comptroller of the Currency (OCC), significantly weakening the SEC's regulatory scope. These two major positive developments help XRP shed regulatory shadows and are seen as the "safest encryption asset" in the eyes of institutional investors.
The market reacted swiftly to the news. On July 18th, the price of XRP surged nearly 20%. On-chain data shows that within a single week, 2,743 large wallets accumulated 1.4 billion XRP, setting a new historical high, liquidity tightened, and the market capitalization rose to $211.9 billion, firmly securing its position as the third largest encryption currency.
From a technical perspective, XRP has formed an inverse head and shoulders pattern on the daily chart, successfully breaking through the neckline resistance at $3.80. Due to its similarity to the Elliott Wave cycle of Bitcoin in 2017, the market is filled with expectations for XRP's future upward potential, believing it may repeat Bitcoin's strong bullish trend from back then.
In addition, the approval progress of XRP-related ETFs has also attracted much attention. Bloomberg analyst James Seyffart expects that the XRP futures ETF will be approved in the coming months, and Ripple CEO Brad Garlinghouse anticipates an official launch in the second half of 2025. Several ETF applications are waiting for approval, and if approved, they will attract a large influx of institutional capital.
In terms of application, RippleNet 3.0 achieves cross-border payment confirmation in 3.5 seconds, completing proof-of-concept tests with 23 international banks; the self-developed stablecoin RLUSD has submitted an OCC license application, and at the same time, it has integrated with Wormhole and launched a permissioned decentralized exchange (DEX) on the XRP Ledger, providing significant support for institutions entering the DeFi space. These factors lay a solid foundation for the long-term value growth of XRP.
However, the risks in the encryption market still exist. Investors need to remain calm while paying attention to XRP and implement good risk control and capital management. #打榜优质内容#