XRP broke above the $3.20 level due to institutional capital and demand from the market. South Korean exchange Korbit had announced a sale of approximately 10 million XRP on 17th July 2025. The token momentum is the culmination of a chain of political and regulatory events that have propelled the asset’s bull trend.
Korbit’s Large XRP Transfer
Korbit’s almost 10 million XRP sale has been a profitable one for investors. The enormous sale, as digital strategist John Squire opines, is an indicator of confidence since it was done in a non-converted state by means of fiat or stablecoins. These kinds of sales are more reflective of liquidity management on the part of the company and not an urgency to sell. Such business acumen is reflective of general bullishness within the crypto universe.
Political Tensions Fueling XRP’s Rally
Recent remarks from former President Donald Trump regarding Federal Reserve policy have lent a bullish bent to Ripple. Trump’s pressure on Federal Reserve Chairman Jerome Powell can pressure monetary policy into paradigm shifts, arguably in the form of rate cuts. These trends are predicted by analysts such as Levi Rietveld to propel XRP into a mega-breakout, rather nicely into the $4 region.
Technical Analysis Supports Bullish Momentum
Near-term XRP price movement supports technical analysis justification of bull trend. Double bottom charting pattern has been observed, and the maximum resistance levels have been $3.06 and $3.07. The trade value today at $3.27 is 33.7% higher than the last week because rumors have started circulating regarding listing a 2x leveraged XRP futures ETF. However, such technical and speculative support sets XRP on a trajectory for additional growth.
Regulatory Clarity and Institutional Interest
XRP has also become increasingly popular on the tailwind of growing institutional interest. Grayscale has even included XRP in its Digital Large Cap Fund, a testament to institutional approval. In addition, hearings in the U.S. House of Representatives for crypto legislation such as the GENIUS and CLARITY Acts are working towards creating a facilitative set of regulations. These are the forces behind Ripple’s plans and move against condemnation of the place of the token. Moreover, market observers are tracking the performance of the coin as it shoots towards new highs in weeks ahead.
