Why is XRP Going Up Today (July 18)?

Jakarta, Pintu News – Ripple Labs-backed XRP (XRP) surged more than 20% in the past 24 hours and hit a new all-time high (ATH) above $3.6.

The large-cap altcoin, with a fully diluted valuation of around $345 billion, recorded a 138% spike in its average daily trading volume. As a result of the high volatility, over $66 million was liquidated from the XRP leveraged market, with short traders accounting for nearly $48 million of the total.

So, why has the XRP price increased today?

XRP Price Up 20.45% in 24 Hours

On July 18, 2025, XRP was trading at $3.64, or approximately IDR 59,690, marking a 20.45% surge over the past 24 hours. Within that timeframe, the price dipped to a low of IDR 49,016 before climbing to the all-time high of IDR 59,690.

According to CoinMarketCap, XRP’s market capitalization now stands at around $212.54 trillion, with trading volume in the last 24 hours rising 138% to $21.9 billion.

Read also: Bitcoin Soars to $120,000 — Is the Road to $250K Just Beginning?

XRP Key Metrics Show Bullish Sentiment

According to Coinpedia, XRP’s price surge to a new all-time high was preceded by a sharp increase in Open Interest (OI) in futures trading over the past few months.

Based on market data from Coinglass, XRP’s OI surged to over $10 billion, signaling the emergence of more speculative traders.

According to data analysis from Coinglass, XRP’s funding rate has shifted to positive peaks in recent weeks, indicating bullish sentiment.

Historically, a consistently positive funding rate is usually associated with bullish sentiment, and vice versa.

Key Reasons Behind Today’s XRP Price Spike

XRP’s price surge to above $3.6 for the first time in its history was primarily triggered by the passage of three crypto bills in the United States House of Representatives.

This imminent legal clarity is expected to help Ripple expand its product launch in the US, including Ripple USD(RLUSD).

The bullish view on XRP is also reinforced by Ripple’s solid fundamentals, including the imminent resolution of the lawsuit filed by the SEC.

As a result, more and more institutional investors have started adopting XRP as a hedge against inflation as well as atreasury management tool.

So, What’s Next?

XRP’s price surge to a new all-time high coincides with the Ethereum (ETH) price rally that recently broke $3,400.

Read also: XRP Price Set for a 20% Drop Before Its Next Big Surge, On-Chain Data Warns!

With Bitcoin’s (BTC) declining dominance over the altcoin market, the likelihood of an altseason in 2025 increases significantly.

From a technical analysis perspective, the current price movement of XRP is following a bullish fractal pattern similar to the 2017 rally.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Breaking: Ripple’s XRP Hits New ATH Following Successful Crypto Week. Accessed on July 18, 2025