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$XRP price jumped on Monday, July 21, continuing a trend that started on June 22 when it bottomed at $1.9121.
Ripple ($XRP) jumped to $3.55, up by over 120% from its lowest point in April, and technicals point to more gains later this year.
The token’s rally accelerated after Donald Trump signed the $GENIUS Act into law on Friday. This law benefits $XRP because Ripple Labs launched $RLUSD stablecoin in December last year.
RLUS meets all the rules set in the $GENIUS Act and has continued to gain market share in the industry. Its market capitalization has jumped to over $520 million as it continues to close in on PayPal’s PYUSD.
In a statement last week, a stablecoin analysis company noted that $RLUSD was the safest stablecoin, citing its transparency and the fact that its assets are stored with Bank of New York Mellon.
Built for enterprise use cases, $RLUSD delivers the security, compliance, and scale global businesses demand.
— Ripple (@Ripple) July 18, 2025
We appreciate @bluechip_org’s A rating and recognition of $RLUSD as the market’s most trusted stablecoin. https://t.co/431ysEVEVU
$XRP price has also surged as demand from retail and institutional investors jump. Data shows that the Teucrium 2x $XRP ETF has continued to add assets three months after its launch. Its assets under management are approaching the key milestone at $500 million.
The ongoing surge in XXRP assets is a sign that Wall Street investors are receptive to altcoin funds. As such, it is likely that inflows into spot $XRP ETFs will be robust when approved by the Securities and Exchange Commision.
The same trend is happening in the futures market, where $XRP’s futures open interest jumped to a record high of $10.8 billion. That is a big increase from the year-to-date low of below $500 million.
$XRP price technical analysis
The daily chart shows that the Ripple price has staged a strong comeback this year. It moved from a low of $1.6100 in April to $3.54 today. It has remained above the 50-day and 200-day Exponential Moving Averages.
The coin has formed a cup-and-handle pattern, with its lower side at $1.61 and its upper side at $3.40. This gives it a depth of about 52%.
Measuring the same distance from the cup’s upper side gives the target price at $5.2, much higher than the current $3.5. A drop below the support at $3 will invalidate the bullish view.