XRP Price Soars as Ripple ETF Approaches $250 Million Milestone

XRP Achieves Major Surge Following Ripple ETF Growth

XRP has captured crypto investors’ attention this week, staging its most substantial price rally in months. From April lows, XRP price has surged almost 80%, reaching a five-month high on July 11. This extraordinary rebound comes as the broader digital asset market enjoys heightened investor interest, sparked by record-breaking Bitcoin gains and fresh regulatory developments.

Key Drivers Behind XRP’s Impressive Performance

Several critical factors have contributed to XRP’s bullish momentum. First, Bitcoin’s (BTC) climb to a new all-time high of $118,300 has triggered a flood of capital into cryptocurrency markets, with XRP benefiting significantly. In parallel, excitement around the newly launched Teucrium 2X Long Daily XRP ETF (XXRP) has spurred additional inflows, with the fund’s assets swelling to an impressive $248 million. Notably, the XXRP ETF has seen consistent weekly inflows since its debut in April, alongside a significant uptick in daily trading volume.

The XXRP ETF stands apart from typical exchange-traded funds due to its higher expense ratio of 1.89%, compared to the industry standard below 0.50%. However, it compensates with a leveraged structure, seeking to deliver twice the daily return of the XRP price. This approach has attracted investors despite the cost: in the last five days, a 24% jump in XRP translated to an impressive 51% surge in XXRP’s value.

Regulatory Developments and CEO Appearances Fuel Optimism

Renewed optimism was further fueled by Ripple CEO Brad Garlinghouse’s recent engagement in Washington, D.C., as lawmakers debated the CLARITY Act — a legislative proposal aimed at defining clear regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) when it comes to cryptocurrencies. Garlinghouse’s presence underscored Ripple’s proactive approach to shaping the future of crypto regulation.

XRP Technical Analysis: Signs Pointing to Continued Gains

On the technical front, daily price charts reveal that XRP has broken above a key descending trendline that had limited its price action since January — a bullish shift indicative of a potential long-term uptrend. Both the 50-day and 100-day Exponential Moving Averages (EMAs) have formed a bullish crossover, while the Average Directional Index (ADX) has climbed to 25, signaling a strengthening trend.

Traders and analysts are now watching closely as XRP eyes a return to its year-to-date peak of $3.3930. With positive momentum from both the ETF sector and ongoing legal clarity efforts, the stage appears set for remarkable developments in XRP’s journey.