XRP Just Hit a New ATH and I’m Still in My Pajamas 🚀

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I woke up this morning to the news that Ripple‘s XRP had rallied over 11 percent in the last 24 hours, hitting a new all-time high (ATH) of above $3.5. I was still in my pajamas, sipping coffee, and wondering what all the fuss was about. 🤔

Apparently, the large-cap altcoin, with a fully diluted valuation of about $345 billion (yes, billion!), recorded a 105 percent surge in its daily average traded volume to hover about $17.3 billion. That’s a lot of zeros, folks! 💸

As a result of the heightened volatility, more than $66 million was liquidated from XRP leveraged markets, with the short traders accounting for nearly $48 million. I guess you could say they got “short-changed” 😂.

The Usual Suspects: Key Metrics for XRP Signal Bullish Sentiment 📊

The XRP pump to a new all-time high was preceded by a sharp uptick in its futures Open Interest (OI) in the last few months. According to market data from Coinglass, XRP’s OI surged to over $10 billion, signaling the emergence of more speculative traders. Because what’s a party without a few speculators, am I right? 🎉

According to data analysis from Coinglass, the XRP funding rate has shifted to positive peaks in the past few weeks, signaling bullish sentiment. Historically, sustained positive funding rates are associated with bullish sentiment and vice versa. But let’s be real, who needs history when you have Twitter? 📱

The Perfect Storm: Top Reasons Behind Today’s Pump ⛈️

The XRP pump above $3.5 for the first time in its history was majorly triggered by the passage of three crypto bills in the United States House of Representatives. The imminent legal clarity will help Ripple scale its product rollout in the United States, including its Ripple USD (RLUSD). Because who doesn’t love a good regulatory framework? 📚

The XRP bullish outlook is also bolstered by the robust fundamentals of Ripple, including the imminent closure of the lawsuit filed by the SEC. Consequently, more institutional investors have been adopting XRP as a hedge against inflation and a treasury management tool. Because who doesn’t love a good hedge? 🌟

What’s Next? 🤔

The XRP pump to new ATH has coincided with the recent Ethereum (ETH) price rally above $3.4k. With the Bitcoin dominance losing ground to the altcoin market, the odds of a 2025 altseason happening have surged significantly. Buckle up, folks! 🚀

$XRP just hit a new all-time high and it’s just getting started!

— Ali (@ali_charts) July 17, 2025

From a technical analysis standpoint, XRP price has followed a similar bullish fractal pattern to the 2017 rally. But let’s be real, who needs technical analysis when you have a good narrative? 📚

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2025-07-18 01:37