Will XRP Soar to $5 in July? 4 Comical Reasons Why!

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Oh, the world of cryptocurrencies, where every day is a new act in the grand comedy of finance! XRP, the jesting jester of the crypto court, has once again leaped over a significant barrier, crossing an important resistance level this month. With technical and fundamental indicators pointing to further gains, could it be that our dear XRP is destined to reach the lofty heights of $5? 🤔💰

Ripple (XRP), in a fit of audacity, has soared to a high of $3.05, its most exalted position since February, and a staggering 81% rise from its nadir in June. Let us, dear readers, explore the top reasons why this coin might just continue its ascent to $5 and beyond this month. 🚀

XRP Futures Open Interest and Funding Rate: A Tale of Rising Fortunes

There are signs, my friends, that the demand for XRP in both spot and futures markets is on a most robust and upward trajectory. According to CoinGlass, futures open interest has leapt to a record high of $8.3 billion this week—a far cry from the mere $1 billion it was a few months ago. 📈

The weighted funding rate has remained positively buoyant since June 28, reaching its zenith in over a week. A rising funding rate, you see, is often a harbinger of traders’ expectations that the coin’s future price will be higher than it is today. 📊

XXRP ETF Inflows: The Wall Street Waltz

Meanwhile, the Teucrium 2x Long Daily XRP ETF, which offers leveraged exposure to the token, has continued its dance of growth. Its assets have swelled to over $285 million in under three months, a most impressive figure for a fund with a 1.89% expense ratio. 🎵💰

This trend suggests that more mainstream XRP ETFs, such as those proposed by Bitwise and Franklin Templeton, could soon attract the attention of Wall Street investors. The odds of these ETFs being approved by the Securities and Exchange Commission have, according to Polymarket, jumped to nearly 90%. 🎉

XRP Ledger Ecosystem Growth: A Symphony of Partnerships

Ripple Labs, ever the conductor of the XRP Ledger orchestra, is working tirelessly to expand its ecosystem. Recently, the company has partnered with Ctrl Alt and the Dubai Land Department to provide scalable and secure storage for tokenized real estate title deeds. This follows Ripple’s receipt of a 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 has also partnered with companies like Bank of New York Mellon, AMINA Bank, and OpenPayd, among others. At the same time, the Ripple USD (RLUSD) market cap has surged to over $517 million, a trend that may accelerate if the GENIUS Act passes. 🚀💰

XRP Price: A Bullish Ballet of Technicals

The daily chart, dear readers, reveals that XRP has broken above the upper boundary of a symmetrical triangle that has formed over the past seven months. This pattern, a bullish pennant, is a classic continuation signal. 📈

XRP remains above the 50-day and 200-day Exponential Moving Averages, a clear indication that the bulls are in control. The next major level to watch is the all-time high of $3.3815. A breakout above this level could pave the way for gains toward the psychological resistance at $5. 🎉

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2025-07-16 16:35