Overview

• XRP recorded a 13% one-day rally and a 25.5% weekly gain to trade near $2.77 on July 11.
• Futures open interest in XRP hit $7.2 billion, marking a six-month high after 24-hour open interest jumped over 20% and derivatives trading volume surged more than 100%.
• Ripple CEO Brad Garlinghouse’s Senate testimony before the Banking Committee heightened regulatory visibility and lifted market sentiment.
• Bitwise CIO Matt Hougan has endorsed XRP for its role in real-world asset tokenization, attracting fresh institutional interest in the XRP Ledger.
• Over the past 12 months, XRP has climbed about 507%, outperforming major cryptocurrencies including Bitcoin and Ethereum.