Altcoins News
By Dan Saada
1 / 12
XRP has made headlines again, this time breaking past its previous all-time high to trade above $3.60. The surge, which saw XRP reaching a peak of $3.
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The biggest catalyst came from Washington, where three major crypto-related bills successfully cleared the U.S. House of Representatives.
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In parallel, XRP got a major institutional boost as ProShares introduced the first XRP futures ETF in the U.S.
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The shift is already drawing major attention. Top asset managers such as Franklin Templeton, Grayscale, 21Shares, and Bitwise have filed for XRP-related investment products,…
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The regulatory outlook also appears to be tilting in XRP’s favor. Observers are closely watching for any movement from the U.S.
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In fact, the growing confidence is being reflected in prediction markets. Polymarket, a leading decentralized prediction platform, now estimates an 88% chance that a spot XRP ETF…
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Attention is now turning to two critical dates—July 21 and July 25—when decisions regarding leveraged XRP ETFs could be finalized.
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Meanwhile, activity in the derivatives market is surging. According to Coinalyze, XRP open interest jumped by 25% in the last 24 hours, reaching $4.6 billion.
9 / 12
CoinGlass data supports this spike in trading activity. In the past 24 hours, XRP liquidations totaled $88.54 million, surpassing Bitcoin’s $79.
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The broader market experienced significant volatility as a result. More than 153,000 traders were liquidated in a single day, leading to over $577 million in forced position…
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The recent gains are underpinned by rising interest from institutional players and large holders, often referred to as whales.
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This recent rally marks a dramatic turnaround for XRP, which spent years burdened by regulatory uncertainty and market hesitation.
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