XRP Trading Volume Rebounds Past $5B Amid Market Surge

XRP is once again drawing significant attention in the cryptocurrency space, with its trading volume surpassing the $5 billion mark following a major market shift. This renewed bullish sentiment around XRP signals strong investor confidence and growing momentum for the digital asset in early July 2025.

Over the last 24 hours, XRP trading surged by an impressive 86%, pushing daily volume to over $5.03 billion. This dramatic leap comes on the heels of a prolonged period of diminished trading interest, marking a sharp reversal from the stagnation XRP experienced in recent weeks. The uptick reflects broader market enthusiasm as crypto assets rally in tandem.

Concurrently, the XRP price climbed 4% within the same timeframe, reaching $2.28. This move continues a recovery that began midweek when the token bounced back from a low of $2.15. XRP even touched an intraday high of $2.31, signaling increasing optimism among traders and market observers.

Fueling further interest is news from Ripple, the blockchain firm behind XRP. Ripple’s CEO, Brad Garlinghouse, revealed that the company is pursuing a national bank charter in the United States. This strategic step aligns Ripple with institutional finance and places it in the same regulatory arena as stablecoin leader Circle, which made a similar move recently. The announcement has been met with widespread anticipation, adding another layer of optimism to XRP’s outlook.

The derivatives market has also shown strong signs of bullish engagement. The $3 strike call option has emerged as the top-traded among XRP options, reflecting speculation that the token could soon test or surpass this key price level. A rise in open interest for the $3 calls highlights the growing conviction among investors betting on a continued upward trajectory for XRP.

Technically, XRP has managed to break above its 50-day simple moving average (SMA), which currently sits at $2.233. This level has historically acted as a ceiling for XRP, capping advances in previous months. Having successfully pushed past it, analysts are now curious whether XRP can maintain momentum and solidify a new support level above this average.

Should XRP continue its rise, the next significant resistance appears around the 200-day SMA at $2.36. Beyond that, traders are eyeing the $2.65 level, which if cleared, could pave the way for a challenge of the long-anticipated $3 price point. However, market watchers note that sustained progress will depend on consistent demand and the absence of strong downward pressure.

Despite the growing positivity, it remains essential to monitor potential downside risks. XRP has shown a near-term floor around the $2 level. This support has held firm through recent volatility, and any breach of this foundation could expose the cryptocurrency to renewed bearish sentiment.

As it stands, XRP’s resurgence in both volume and price signals a revitalized phase for one of the market’s most influential digital assets. With Ripple aiming to embed itself deeper into the U.S. financial infrastructure and traders showing renewed enthusiasm in the options market, all eyes are on whether XRP can ride this momentum to new highs in the coming weeks.

Related: Expert Advice: Sell XRP If You’re Confused

This recent activity underscores XRP’s evolving role in the broader cryptocurrency landscape and raises important questions about its long-term potential amid increasing regulatory engagement and institutional interest.