- XRP price surged nearly 80% from April lows, hitting a 5-month high of $2.9695.
- Teucrium 2X Long Daily XRP ETF (XXRP) nears $250M in assets amid rising inflows.
- Ripple CEO Brad Garlinghouse’s Washington visit boosts investor confidence as the CLARITY Act gains attention.
- Bullish technical signals point to a potential move toward XRP’s YTD high of $3.3930.
XRP Price Surges as Ripple ETF Nears $250M Milestone
Ripple’s XRP token just experienced its strongest weekly rally in months, climbing nearly 80% from April lows to reach $2.9695 on July 11, its highest level since March 2. This surge aligns with renewed momentum across the broader crypto market, led by Bitcoin’s historic breakout above $118,000.
Also Read: XRP Price Surge: Could SBI’s Strategic Reserve Skyrocket XRP to $15?
XRP ETF Inflows Drive Bullish Sentiment
Fueling this XRP rally is the Teucrium 2X Long Daily XRP ETF (XXRP), a leveraged exchange-traded fund that has now reached $248 million in assets under management. The ETF has consistently recorded inflows since its April launch, and trading volume continues to grow week-over-week despite a relatively high expense ratio of 1.89%.
XXRP is designed to deliver twice the daily return of Ripple, making it particularly attractive to aggressive traders. Over the last five days, while XRP surged 24%, XXRP gained a whopping 51%, showcasing the leveraged potential of the fund.
Also Read: XRP Price Prediction July 2025: Can Ripple’s Resurgence Break the $5 Barrier?
Regulatory Optimism Boosted by CLARITY Act
Investors are also buoyed by regulatory developments in Washington, where Ripple CEO Brad Garlinghouse recently appeared in support of the upcoming CLARITY Act. This bill, expected to be a key focus during the upcoming Crypto Week, seeks to clearly divide crypto oversight between the SEC and the CFTC.
What is Clarity Act?
Clarity Act is a proposed US law aimed at establishing clear regulatory guidelines for the digital asset market, particularly concerning digital commodities
This appearance has rekindled optimism that Ripple could gain more legal clarity, a factor that has historically influenced XRP’s market performance.
Technical Indicators Suggest More Upside
Technically, Ripple has broken above a months-long descending trendline, forming the upper boundary of a triangle pattern that began in January. On the chart:
- Bullish crossover between the 50-day and 100-day EMA
- ADX indicator climbs to 25, showing growing trend strength
With momentum building, traders are eyeing the year-to-date high of $3.3930 as the next target.
XRP’s explosive performance is being driven by a perfect storm of bullish fundamentals and technicals—a strong ETF inflow, rising investor confidence, Bitcoin’s record high, and critical regulatory developments. If these trends hold, a new XRP all-time high may not be far off.
