TL;DR
- XRP rose 21.9% in 7 days to hit $3.42, setting records in market cap, spot and derivatives volume, and $10.98B in open interest.
- The U.S. Congress passed new stablecoin regulations, and Ripple applied for a banking license.
- Liquidations pushed XRP past $3.65 and into price discovery; the MACD points to $14, and the RSI still shows room for further gains.
XRP climbed 21.9% over the past seven days and 5.1% in the last 24 hours, reaching $3.42. Its market cap surpassed $210 billion, spot trading volume topped $23.5 billion, and derivatives volume doubled to $48 billion. Open interest in futures contracts hit a record $10.98 billion.
The U.S. House of Representatives passed three bills, including the GENIUS Act, to regulate stablecoins. This boosted investor confidence and improved Ripple’s legal standing. The company applied for a banking license and a master account with the Federal Reserve—tools to ease integration into the traditional financial system. VivoPower and Webus also disclosed $421 million in token purchases for their treasuries. According to Polymarket, the odds of an XRP spot ETF being approved in the U.S. rose to 85%.
Over the past few hours, $73.17 million in short positions and $29 million in longs were liquidated. That buying pressure helped XRP break above its previous all-time high of $3.65, a level that had held for more than seven years. Clearing that resistance triggered price discovery mode, with no historical levels to limit further upside.
How High Can XRP Go?
Technically, the MACD flashed a bullish signal after confirming a continuation triangle on the weekly chart. That pattern suggests a potential 305% move up to $14. The weekly RSI remains far from overbought territory, indicating room for further gains without immediate exhaustion.
Ripple still holds $150 million worth of XRP in escrow as collateral for a pending settlement with the SEC, awaiting approval from Judge Analisa Torres. The deal includes a $50 million fine for unregistered sales.
For now, XRP keeps the market on edge. Every session in price discovery mode raises the question of just how far Ripple’s token could go in the coming months
