XRP has been on a roll, folks. With an impressive 8.37% spike, it jumped to a high of $3.2, its highest point since February, and it's up by 81% from its June lows. And here's the kicker: some big signs are pointing to a potential jump to $5 or even beyond this month.
XRP Futures Open Interest
First off, the XRP futures market is buzzing. Open interest hit a record high of $8.3 billion this week, a serious jump from under $1 billion just a few months ago. CoinGlass data doesn't lie, people.
Plus, the weighted funding rate has been climbing steadily since June 28, hitting its highest level in over a week. When the funding rate is positive, traders are basically saying, “We expect this bad boy to rise.” Looks like they might be onto something.
XRP ETFs Are Gaining Traction
Then there's the ETF side of things. The Teucrium 2x Long Daily XRP ETF is seeing massive growth, with assets soaring past $285 million in just three months. Not bad for a fund with a 1.89% expense ratio, right? And let’s talk about the big boys, Bitwise and Franklin Templeton have proposed XRP ETFs, which are looking more likely to get SEC approval by the day. The chances of that happening? Almost 90%, according to Polymarket. Looks like Wall Street is starting to take XRP seriously.
Ripple's Expanding Ecosystem
Ripple isn’t just sitting back and letting the price rise on its own. The company has been working hard to grow the XRP Ledger ecosystem. In a recent partnership with Ctrl Alt and the Dubai Land Department, Ripple is now involved in tokenized real estate title deeds. That's a pretty big deal, and it follows Ripple’s newly acquired license to operate in the UAE.
In partnership with Ctrl Alt and the Dubai @Land_Department, Ripple Custody will deliver scalable and secure storage for the Dubai Land Department’s tokenized real estate title deeds, which have been issued on the XRP Ledger - enabling fractional ownership, transparency, and…
— Ripple (@Ripple) July 16, 2025
Ripple’s also teaming up with heavyweights like Bank of New York Mellon, AMINA Bank, and OpenPayd. Meanwhile, the Ripple USD market cap has jumped to over $517 million, and that’s only going up as the GENIUS Act gains traction.
XRP's Technicals Are Looking Strong
On the technical front, XRP is looking bullish. The daily chart shows that it’s broken above the upper boundary of a symmetrical triangle that’s been forming for the last seven months.
This pattern screams “bullish pennant,” which is a classic continuation signal. XRP’s staying above the 50-day and 200-day Exponential Moving Averages, meaning the bulls are definitely in control. Now, the next major level to watch is the all-time high of $3.3815. If XRP breaks above that, we could be looking at a possible breakout toward the psychological resistance at $5.
So, if you’ve been sleeping on XRP, it might be time to wake up. The signs are all there—rising open interest, expanding ETFs, Ripple's growing ecosystem, and technicals pointing upward. This could be the start of something big.
Gunel Ismayilova
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