Quick overview

Live XRP/USD Chart

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XRP experienced one of its most aggressive short-term rallies, driven by both technical momentum and a notable rise in on-chain activity.

According to recent payment volume data, XRP transferred over $1.1 billion in accounts on July 18, the highest in over a month. This suggests investor confidence has returned, and the ecosystem is undergoing significant change.

 

XRP is undergoing a price surge. In less than three weeks, the asset has nearly doubled in value, climbing from below $2.40 in early July to over $3.60. It broke through key resistance levels, including $2.39, $2.68, and most recently $2.80, establishing support zones.

A possible short-term cooldown might happen since the RSI is above 80 and nearing overbought levels. However, the recent increase in transaction volume suggests this might be more than just a speculative pause.

Meanwhile, Brad Garlinghouse shared photos of the Ripple team at the White House, where they watched US President Donald Trump sign the recently approved Genius Act. Ripple’s CEO highlighted that today was a historic day for the cryptocurrency industry because the Act “marks a shift from the US” and introduces transparent and friendly regulation for the $250 billion stablecoin market, reflecting the traditionally cautious approach to cryptocurrency..