XRP has regained attention in the crypto markets after confirming a bullish pennant pattern on its weekly chart, with a breakout above the descending trendline at $2.21 on July 3, 2025. This technical development, coupled with Ripple's application for a U.S. banking license and the SEC's approval, has fueled Optimism for a potential surge to $3.20. The token currently trades at $2.26, reflecting a 6.85% weekly gain from its $2.06 low. With futures open interest nearing $5 billion, the stage is set for significant upside momentum in the coming weeks.
XRP Price Eyes $3.20 as Futures Open Interest Nears $5 Billion
XRP has re-emerged as a focal point in crypto markets after confirming a bullish pennant pattern on its weekly chart. The breakout above the descending trendline at $2.21 on July 3, 2025 signals potential for significant upside momentum.
The token currently trades at $2.26, marking a 6.85% weekly gain from its $2.06 low. This upward movement coincides with Ripple's application for a U.S. banking license and the SEC's approval of Grayscale's Digital Large Cap Fund as a spot ETF.
Market dynamics show accelerating institutional interest, with XRP futures open interest surging 30% to $4.75 billion in just 10 days. The 68% long/short ratio across exchanges reflects strong bullish sentiment, though it raises liquidation risks should the rally falter.
XRP Mining Promises High Returns Through Cloud Mining Platform
XRP Mining, a UK-based cloud mining platform, claims to enable users to earn up to $37,000 daily using just a mobile phone or computer. The service, which requires no hardware investment, targets investors seeking passive income and low-threshold financial opportunities.
Regulated by the UK government since 2018, the platform serves over 5 million users across 150 countries. It leverages AI-driven computing power and green energy to simplify cryptocurrency mining, eliminating the need for technical expertise or expensive equipment.
The offering comes as demand for accessible crypto participation grows globally. However, the platform's extraordinary profit claims warrant scrutiny, as cloud mining operations often face skepticism regarding sustainability and transparency.
Ripple Expands RLUSD Supply with 16M Token Issuance Amid Growing Institutional Demand
Ripple has minted an additional 16 million RLUSD tokens from its treasury, pushing the stablecoin's circulating supply past 485 million. The accelerated production reflects surging demand for the USD-pegged asset in cross-border transactions and institutional crypto portfolios.
AMINA Bank has become the first traditional financial institution to formally endorse RLUSD, signaling a strategic shift toward digital asset integration. The Swiss-based bank's public support could catalyze further adoption among risk-averse financial entities.
The consecutive treasury issuances demonstrate Ripple's aggressive positioning of RLUSD as a liquidity pillar for XRP-powered payment corridors. Market observers note the stablecoin's growth trajectory mirrors institutional crypto adoption patterns seen during Ethereum's DeFi expansion phase.
XRP Market Activity Surges Amid ETF Speculation and Regulatory Uncertainty
XRP derivatives markets show heightened activity as open interest climbs 2.98% to $4.61 billion, while spot trading volume jumps 8.26% to $7.73 billion. The surge coincides with improved ETF approval odds, now standing at 87% after a 16-point increase.
Regulatory headwinds persist, however. The SEC's halt of Grayscale's proposed ETF—which WOULD have included XRP—casts doubt on near-term approvals. Probability of a July 31 ETF launch plunged 39 percentage points to just 14%.
Market technicians note XRP's consolidation above key support levels, with some analysts projecting a breakout toward $2.25 if current momentum holds. Banking license progress at Ripple continues to fuel institutional interest despite the regulatory overhang.
Judge Drops Bombshell Ruling on XRP: What It Means for Ripple and Crypto Investors
U.S. District Judge Analisa Torres delivered a decisive ruling on June 26, 2025, rejecting a joint motion by Ripple and the SEC to amend a prior settlement. The court upheld a permanent injunction against Ripple's institutional sales of XRP and maintained the full $125 million penalty, citing procedural impropriety and the absence of exceptional circumstances.
The ruling triggered an immediate 5% drop in XRP's price, erasing $2 billion in market capitalization. Technical indicators show the asset testing critical support at $2.00 amid heightened volatility. Ripple's announcement of next steps provided modest stabilization.
Legal experts highlight the precedent-setting nature of the decision, which prioritizes public interest over private settlements. The $102.6 million civil penalty and $19.4 million in pre-judgment interest remain enforceable, despite proposals to halve the fine and lift the sales ban.
XRP’s Market Dynamics Capture Attention with Rising Open Positions
XRP is drawing significant investor interest as open positions surge to $4.61 billion, marking a 2.98% increase. Market analysts attribute this momentum to growing speculation around ETF approval, which could redefine XRP's role in the crypto ecosystem.
Regulatory optimism continues to fuel the rally, though hurdles remain. The absence of clear ETF approval timelines leaves the sustainability of this demand uncertain. Coinglass data underscores the asset's heightened trading activity, reflecting broader market appetite for altcoins with institutional potential.
