XRP has performed excellently in the encryption market recently, 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 a four-year regulatory dispute, with XRP being judicially determined 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 regulation of 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 favorable developments have helped XRP shake off 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 18, the price of XRP surged nearly 20%. On-chain data shows that within a single week, 2,743 large wallets cumulatively bought 1.4 billion XRP, setting a new historical record. Liquidity has tightened, and the market capitalization has increased to $211.9 billion, firmly securing its position as the third largest encryption currency.
On the technical level, XRP has formed an inverted head and shoulders pattern on the daily chart, successfully breaking through the neckline resistance at $3.80. Due to its similarity to the 2017 Bitcoin Elliott Wave cycle, the market is full of expectations for XRP's future upside potential, believing that it may replicate Bitcoin's strong rally 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 a formal launch in the second half of 2025. Several ETF applications are awaiting approval, and if approved, they will attract a significant influx of institutional capital.
In terms of application, RippleNet 3.0 achieves cross-border payment confirmation in 3.5 seconds and has completed proof-of-concept tests with 23 international banks; the self-developed stablecoin RLUSD has submitted an OCC license application, and has also integrated with Wormhole to launch 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 ensure proper risk control and fund management. #山寨季来了？#