Price Analysis View Non-AMP

Breaking: Ripple’s XRP Hits New ATH Following Successful Crypto Week

Published by
Steve Muchoki

Ripple Labs-backed XRP rallied over 11 percent in the last 24 hours to hit a new all-time high (ATH) of above $3.5 on Thursday, July 17, during the late North American trading session. The large-cap altcoin, with a fully diluted valuation of about $345 billion, recorded a 105 percent surge in its daily average traded volume to hover about $17.3 billion at the time of this writing.

As a result of the heightened volatility, more than $66 million was liquidated from XRP leveraged markets, with the short traders accounting for nearly $48 million. 

Key Metrics for XRP Signal Bullish Sentiment

The XRP pump to a new all-time high was preceded by a sharp uptick in its futures Open Interest (OI) in the last few months. According to market data from Coinglass, XRP’s OI surged to over $10 billion, signaling the emergence of more speculative traders.

According to data analysis from Coinglass, the XRP funding rate has shifted to positive peaks in the past few weeks, signaling bullish sentiment. Historically, sustained positive funding rates are associated with bullish sentiment and vice versa.

Top Reasons Behind Today’s Pump

The XRP pump above $3.5 for the first time in its history was majorly triggered by the passage of three crypto bills in the United States House of Representatives. The imminent legal clarity will help Ripple scale its product rollout in the United States including its Ripple USD (RLUSD).

The XRP bullish outlook is also bolstered by the robust fundamentals of Ripple including the imminent closure of the lawsuit filed by the SEC. Consequently, more institutional investors have been adopting XRP as a hedge against inflation and a treasury management tool.

What Next?

The XRP pump to new ATH has coincided with the recent Ethereum (ETH) price rally above $3.4k. With the Bitcoin dominance losing ground to the altcoin market, the odds of a 2025 altseason happening have surged significantly.

From a technical analysis standpoint, XRP price has followed a similar bullish fractal pattern to the 2017 rally.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Crypto Bills Pass Final House Vote: GENIUS Act Headed to President Trump’s Desk

The United States House of Representatives has passed all three crypto bills—the Clarity Act, the…

July 18, 2025

Bit Origin Secures $500M to Launch Dogecoin Treasury: DOGE Price Aims Parabolic Rally Amid Network Growth

The Dogecoin (DOGE) network is gradually heating up with bullish activities following the recent Ethereum…

July 17, 2025

Top Crypto Coins Under $1 To Buy Today — Monster Altcoin Season Meets Bull Run

Altcoin giants under $1 are flashing breakout signals, backed by news, on-chain surges, and explosive…

July 17, 2025

Michael Saylor Reveals Bitcoin Secret as MSTR Surges 3,558%

Bitcoin believer and Strategy executive chairman Michael Saylor is back in the spotlight. In a…

July 17, 2025

Top 3 Meme Coins Crypto Whales Are Watching: Pepeto, PEPE, DOGE

Meme tokens continue to break expectations. Once dismissed as mere hype, they’re now being tracked…

July 17, 2025

As Shiba Inu Trends Again, Analysts Say Ozak AI Might Be the Utility Breakout of the Year

Shiba Inu has returned to market attention as its chart formation nears a potential breakout…

July 17, 2025