July kicks off with a positive note for the XRP token as the price witnesses significant upward momentum. The Ripple token hit a multi-year high in January 2025 but consolidated with the rest of the crypto market before investors’ interest reignited. Just today, the price has surged 3.6% and even higher on the weekly frames as macroeconomic and technical factors support a bullish move.
Top Reasons Why XRP Price is Up Today
With a 3.6% surge today and 9.3% over the week, the price of XRP is currently $2.38. Along with that, its market capitalization is at $140.7B with $3.33B in trading volume. Notably, this surge happened as various technical and economic factors influenced investors’ sentiments.
With the token emerging from a 32-week symmetrical triangle, it’s attaining nearly a month’s high. CoinGlass data shows that the open interest in XRP futures has reached a new peak of $5.56B, a 10% increase today and a 33% increase since June 22.
Crypto analyst Ripplesinwales highlights that the token’s technical indicator, Bollinger Band, is on the same level, which has resulted in a 600% rally in the past. Other factors like the MACD histogram and RSI leave room for upside, fueling the surge.
$XRP has been in a 32 week consolidation
Same duration consolidation occurred in 2017
Week 33 could be explosive 😅 pic.twitter.com/HImaSFLhbp
— Ripples 🏴☠️ 🪖 (@Ripplesinwales) July 9, 2025
Not to forget, the ProShares’ XRP Futures ETF is targeting a July 14 launch after clearing the DTCC listing token. Trump’s Blue Chip Crypto ETF also allocated 2% of its funds to XRP, giving the Ripple tokens the much-needed institutional exposure.
Besides, the broader crypto market is up with a shift in investor sentiments and crypto-related developments. In this, the upcoming Crypto Week discussing top crypto bills also played a significant role.
What’s Coming Next for XRP Price?
This month, multiple events could affect the Ripple token price, including Brad Garlinghouse’s testifying before the Senate today. As the discussion is on XRP and the regulatory clarity, its price could get a boost. Besides the developments in spot ETF launch, Crypto Week and others could continue to affect the price.
Crypto analysts have already predicted a rally to $2.38, followed by $2.60 and $3.40 once it closes above $2.28 with high trading volume. The first target is already achieved, increasing the odds of the other two.
However, experts also believe that the failure to hold $2.25 support could result in a crash to $2.21 (demand zone).
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
✓ Share: