XRP Price Surge

XRP is experiencing unprecedented buying pressure, targeting a new all-time high of $4 amid a resurgent cryptocurrency bull market.

In the past week, XRP’s market capitalization surged by $40.54 billion, rising from $165.82 billion to $206.36 billion. This massive inflow drove the token’s price to $3.49, representing a 24.65% increase on the weekly timeframe.

XRP Price Prediction

With XRP gearing up for a breakout, Finbold consulted OpenAI’s ChatGPT for insights on where the asset could be headed by year-end. If current momentum holds, XRP could trade between $5 and $7 by December. ChatGPT noted that this surge will likely be fueled by sustained investor demand, reinforcing market momentum. Additionally, the anticipated decline in Bitcoin (BTC) dominance may redirect capital into altcoins, signaling the start of an altseason, with XRP, as a top-tier token, poised to gain significantly.

Growing regulatory clarity in the U.S. is also optimistic. After years of legal uncertainty, clearer rules are helping reduce risk for both institutional and retail investors. This aligns with the U.S. enacting the Genesis Act, providing a legal framework for stablecoins and pushing towards resolving the legal battle between Ripple and the SEC.

Why XRP is Breaking Out

Beyond broader market trends, XRP’s rally is driven by several key developments. Notably, momentum picked up following the approval of the ProShares XRP Futures ETF on July 19, renewing institutional interest. This move mirrors Bitcoin’s ETF-fueled surge earlier this year. Furthermore, 11 spot XRP ETF applications are awaiting review, with traders estimating an 88% chance of approval by year-end.

On-chain activity spiked as well, with 1.7 billion XRP moved on July 18, marking the highest daily volume in a year, indicating potential whale accumulation, a traditionally bullish signal.

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