Crypto traders woke up today to green pastures thanks to Bitcoin's excellent performance, which broke the resistance of $12,000 per coin and dragged the rest of the market with it.
And though there’s been considerable buzz around DeFi and Ethereum lately, it looks like this could be XRP’s week to shine. Following a jump of nearly 8% over the last 24 hours, Ripple’s XRP is now trading right around $0.32 per coin.
That’s close to its yearly high for 2020. XRP reached a price of $0.336 in February, prior to the market crash in March.
XRP technicals
After a significant drop last Tuesday which sunk XRP to $0.26, Ripple's token has managed to recover, showing a relatively rapid day-to-day growth, to the delight of swing traders.
Based on the token's performance throughout the year, XRP has now broken the last remaining resistance level before testing its yearly high.
If tomorrow's candle doesn't correct to a lower mark, XRP hodlers may soon have good reason to be wringing their hands in anticipation. Based on the coin’s relative strength index (RSI), however, XRP is currently overbought. But the “Bitcoin effect” may be enough to bring some optimism to the XRP Army.
XRP fundamentals and market sentiment
Besides Bitcoin, Ripple (the company) has been making some waves of its own. And though there is often a difference between what Ripple does and how XRP behaves, some see a direct relationship between the two.
The Financial Times reported last week that Ripple was pivoting its business, aiming now to become the so-called “Amazon of payments,” which sparked a fair amount of controversy within the crypto community.
While the US dollar won’t give up its position as the world’s reserve currency any time soon, it’s definitely getting weaker compared to alternatives such as Bitcoin, wrote Brad Garlinghouse, the CEO of Ripple (XRP), on Twitter today.
“A year ago, many decried crypto as a scam, and now a majority of govts are looking seriously at blockchain. It addresses frictions (i.e. settlement, transparency, etc) that were assumed VERY hard to solve before. Crypto is up 80% while USD is down 3% YTD,” Garling...
Ripple CEO Brad Garlinghouse's optimism had two interpretations, one of which was that Ripple was looking to reinvent itself in the face of a lack of positive results. Low adoption of its technology combined with the falling price of XRP could be influencing a shift in strategy and a search for new use cases.
Following the backlash, however, Garlinghouse pleaded his case: Ripple, he said, was not changing its philosophy. The CEO shared some data over Twitter which indicated growth for the firm, and success in providing blockchain solutions for the traditional payments world.
1/ My fav skeptics are active today! (@FT@nathanielpopper) Ripple has absolutely no plans to ‘reset’ our strategy. Using XRP to solve a real-world, $10T problem, like cross-border payments, is working (1/4) https://t.co/Gkf70dq7G6
What do Solana tokens PENGU, FARTCOIN, and PUMP all have in common?
They’re all featured in some of the most popular prediction markets on Myriad Markets this week, where predictors can put their knowledge to the test about their future prices and performance compared to other tokens.
But that’s not all. Myriad users can also make predictions about pop culture, crypto, and more, with markets available across Ethereum networks Abstract and Linea.
Below, you’ll find some of the markets getting t...
Will Hyperliquid’s native token continue to ride the HYPE and hit $69.69 by September? Degens are betting on it, but the odds aren’t currently in HYPE bulls’ favor.
Hyperliquid has captured the attention of the crypto trading trenches in recent months, with the platform generating roughly $1.78 trillion in derivatives trading volume in the last year, per a Dune dashboard from SeaLaunch. Naturally, Hyperliquid’s native token HYPE—which powers the platform—has likewise generated a ton of interest,...
X owner Elon Musk said early Thursday that the once-popular Vine is set to return "in AI form," with the video-sharing app’s co-founder, Rus Yusupov, then posting what appeared to be an AI-generated video.
As the news spread, the Solana meme coin Vine Coin—which was launched by Yusupov in January—skyrocketed in value.
We’re bringing back Vine, but in AI form
— Elon Musk (@elonmusk) July 24, 2025
Yusupov reposted one of his old X posts that stated, “Imagine a feed of short viral AI videos,” and...
