XRP Rally Continues as JPMorgan Eyes Crypto-Backed Loans

The XRP rally is showing signs of sustainability despite a recent price dip, highlighting ongoing investor interest and strong network fundamentals. While market corrections are a typical part of any bull cycle, current trends suggest that Ripple’s digital asset may still have room for upside movement.

After a strong performance throughout July, XRP saw a temporary pullback to $3.44, dropping by about 3% within a day. However, this downward move doesn’t necessarily signal the end of its rally. According to technical metrics, XRP remains above key support levels, indicating continued bullish sentiment in the market.

A major indicator supporting this outlook is the asset’s on-chain activity. On July 21 alone, the XRP Ledger processed over 1.35 million payments. This spike in transactions reflects strong usage and interest in the network, even during times of short-term corrections. Such robust figures rarely coincide with the onset of a downward market trend, lending further confidence that the rally is far from over.

Adding to this optimism is the fact that XRP appreciated more than 70% in July. Naturally, some cooling off is expected after such a significant rally. The Relative Strength Index (RSI) currently stands at 78 — a level typically indicative of overbought conditions. Yet in strong bull markets, elevated RSI levels can remain persistent without triggering major reversals, especially when supported by healthy network metrics.

While Ripple and XRP continue to capture attention, the traditional finance world is also showing increased interest in crypto assets. Banking giant JPMorgan is reportedly considering a groundbreaking policy shift that could expand the adoption of digital currencies in mainstream finance. According to recent reports, JPMorgan is exploring the possibility of allowing customers to borrow cash by using Bitcoin and Ethereum as collateral.

This proposal, if realized, would mark a substantial change for the banking landscape. Unlike current practices, where collateral is largely limited to crypto-related financial products like exchange-traded funds (ETFs), the bank is evaluating the direct acceptance of BTC and ETH. Should this initiative move forward, JPMorgan would position itself ahead of other Wall Street players such as Goldman Sachs, which has not yet adopted similar lending options.

The ability to secure loans through major cryptocurrencies as collateral could introduce a wider array of financial strategies for both institutional and retail investors. It also underscores a growing institutional acceptance of cryptocurrencies as legitimate financial assets with practical use cases beyond speculation.

Meanwhile, excitement continues in the meme coin segment of the crypto industry, particularly around Shiba Inu (SHIB). A recent social media post from the team behind SHIB hinted at an ambitious potential surge. According to the @Shibizens account, which is affiliated with the SHIB community, the team believes that the meme token is currently in a stronger position than ever before and may be on the verge of a massive movement.

The post evokes comparisons to 2021, when SHIB shocked the market by gaining 800% within a single week. The team suggests that despite current market volatility, SHIB could be primed for another explosive breakout. They emphasized that crypto markets can shift rapidly, and a single week could change the outlook dramatically — especially for highly speculative assets like meme coins.

In summary, XRP appears to remain in a healthy position despite a recent dip, supported by strong on-chain data and enduring investor confidence. At the same time, traditional finance is beginning to embrace crypto assets, with JPMorgan signaling a potential move toward broader digital asset adoption through collateral-backed loans. And in the world of meme tokens, SHIB’s enthusiastic community continues to fuel speculation of another big rally reminiscent of earlier bull cycles.

Related: XRP Price: $12M Max Pain for Bears

Taken together, these developments reflect a crypto market that, while facing natural cycles of gain and correction, continues to evolve and mature across different sectors — from utility-driven assets like XRP to institutional integration and community-led tokens.