Is XRP About to Break New All-Time Highs? Larry David Thinks So 🤷‍♂️

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So, I was just sitting here, minding my own business, when I heard about XRP. You know, the cryptocurrency that’s been making all the noise. Now, with all these bullish indicators—like derivatives data, new wallet addresses, and even some favorable legislation in the U.S.—I’m starting to think, “Maybe I should get in on this.” But then again, I’m Larry David, so I’m probably just going to complain about it.

XRP Maintains Uptrend Above Key Support

Earlier this week, XRP started a new uptrend, breaking past the $3.02 resistance zone. It’s like when you finally get that stubborn jar open, and now it’s just cruising. The rally gained some serious steam after settling above $2.840, which is like when you finally get that last piece of gum out of your hair. Currently, XRP is holding well above $2.95 and the 100-hour Simple Moving Average, which is a fancy way of saying it’s got some serious support. 📈

A decisive break above $3.29 could lead to a retest of January’s high near $3.40. But if XRP can’t keep up the momentum, it might pull back to the $2.880–$2.750 support zone. It’s like when you’re running a race and you’re just about to win, but then you trip and fall. 🏃‍♂️💨

Derivatives Market Shows Strong Bullish Sentiment

One of the main reasons XRP is looking so bullish is the explosive growth in the derivatives market. According to CoinGlass, the notional open interest for XRP perpetual futures hit a new record of $8.8 billion on Wednesday. Bitget and Binance are leading the charge with $1.94 billion and $1.48 billion in leveraged XRP positions, respectively. It’s like when everyone at the party is betting on the same horse. 🐎💰

This level of open interest suggests a lot of market participation and investor confidence. Positive funding rates across major exchanges indicate that traders are willing to pay premiums to maintain long positions. As Greg Magadini, director of derivatives at Amberdata, put it, “When people are trying to FOMO, and they think the price is going to go up, they’re willing to pay a higher interest rate to leverage long.” It’s like when you’re so sure you’re going to win the lottery that you buy every ticket in the store. 🎟️💸

Retail Demand and XRP Ledger Adoption on the Rise

Retail traders are also jumping on the XRP bandwagon, driven by its wide availability and growing use case. Glassnode reported that the number of new addresses joining the XRP Ledger averaged 8,690 on Monday—more than tripling from April lows. This rise in adoption signals a potential uptick in demand and utility, which could translate into higher prices. It’s like when everyone starts using the same app, and suddenly it’s everywhere. 📱💥

Carlos Guzman of GSR noted that traders are flocking back to well-known altcoins like XRP as confidence returns to the market. The renewed interest also coincides with Ripple’s push to expand its infrastructure through Ripple Payments and the RLUSD stablecoin in key markets such as the U.S., Europe, and Asia. It’s like when a band you used to love suddenly becomes popular again, and everyone’s talking about them. 🎸🎶

Legislative Momentum Could Fuel XRP’s Next Rally

Legislation out of Washington is adding fuel to XRP’s upward movement. President Donald Trump has voiced support for crypto-focused bills such as the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. House Representative French Hill indicated in an interview with CNBC that the House has enough votes to pass all three bills. It’s like when your favorite team gets a new coach who’s actually good. 🏈🏆

These actions should be a relief for Ripple Labs, particularly as the company continues to gain institutional traction. Experts believe that the passage of the legislation should bring a more friendly regulatory environment, boosting investor sentiment and perhaps supporting more optimistic XRP price predictions. It’s like when the rules of a game finally make sense, and everyone can play. 📜✨

Matt Kreiser of Messari added that XRP’s regulatory-compliant blockchain architecture positions it well to take advantage of regulatory clarity—especially if the U.S. becomes increasingly crypto-friendly. It’s like when you finally get the hang of a new game, and you start winning. 🎮🏆

Technical Indicators Favor a Bullish Outlook

Technically, XRP has a bullish configuration. The MACD indicator is still in the buy signal, and the price is resting above all the significant EMAs like the 50-day ($2.37), 100-day ($2.30), and 200-day ($2.16). These are likely to serve as a fall-back support in the event of an intra-day dip. It’s like when you’re playing a game, and you have all the power-ups. 🛡️🔥

However, caution is advised. The Relative Strength Index (RSI) is more than 81, suggesting the market could be overheated. A fall in RSI may signal an imminent cooling off before the next rise. It’s like when you’re running a marathon, and you need to slow down a bit before you can sprint to the finish. 🏃‍♂️🚶‍♂️

XRP Price Prediction: All Eyes on a New ATH

With the current momentum, most investors are looking at the $3.40 level as the next major target. With XRP prices holding above $3.25 and investor demand at new records, everything is in place for a breakout. A break above $3.20 could establish bullish momentum and lay the groundwork for a new XRP all-time high. It’s like when you’re about to set a new personal best, and you can feel it. 🏆🏆

Looking even in the longer term, analysts are optimistic on the XRP price forecast for 2025, with expectations of continued institutional adoption, favorable regulation, and practical uses supporting long-term appreciation. However, short-term volatility is always a concern, especially as market participants monitor the situation in the Ripple vs. SEC lawsuit and general market sentiment. It’s like when you’re playing a game, and you know there might be a few bumps in the road, but you’re still excited to see where it goes. 🚗🗺️

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2025-07-17 18:10