XRP is once again in the spotlight as speculation mounts around the potential approval of a U.S.-based XRP ETF.
With the token currently trading at $3.20 and showing a steady uptrend throughout July, investors are asking how far this rally can go if regulatory green lights finally come through.
The recent price action reflects a sharp rise from $2.09 in late June to a peak of over $3.50 by mid-July, before cooling slightly and stabilizing above the $3 mark. Despite a modest weekly decline of 8.46%, short-term momentum appears intact, with hourly and daily gains back in positive territory. Market cap is nearing $190 billion, signaling robust investor interest.
A potential XRP ETF would mark a historic moment — providing regulated exposure to XRP for institutional players and retail traders alike. If approved, this could trigger a wave of inflows similar to the impact seen with Bitcoin and Ethereum ETFs, lifting XRP toward new record highs.
While XRP’s previous all-time high of $3.84 in 2018 remains unbroken, an ETF-backed rally could realistically push the token into the $4-$6 range, with bullish models even hinting at $10 if broader market conditions remain favorable and legal clarity around Ripple fully materializes.
XRP has already shown signs of strength heading into late July. With ETF speculation heating up and a strong market setup, XRP could be gearing up for another breakout phase. However, much depends on regulatory outcomes and broader macro trends. For now, $3.20 may just be the beginning.
