XRP price has broken above the $2.32 resistance zone rising by 2.5%, driven by XRP ETF approval odds, surging trading activity on Upbit, and large inflows into derivatives markets.
Consequently, XRP trading volume and market capitaization as per CoinMarketCap, surged by 75% and 2.5% respectively to $3.88B and $137.48B.
XRP ETF Approval Odds Soar to 90%
On Polymarket, the odds of XRP ETF approval by 2025 increased by 19% hitting 90%. The rally comes amid reports that the U.S. Securities and Exchange Commission is poised to push out the 240-day 19b-4 procedure with a single approach that would cut the time substantially.
This new rule could reduce the approval time to just 75 days. An executive from an ETF firm told Reuters that exchanges may submit filings under the new structure within weeks. The potential change would benefit applications linked to Solana, XRP, Dogecoin, and other digital assets awaiting review.
Growing expectations for inclusion in the next batch of approvals have increased market activity around XRP and contributed to its price gains. Moreover, Ripple and the SEC are reportedly moving to dismiss their ongoing appeals, signaling the possible end of a 4-year XRP lawsuit.
CapSign Launches Ripple Equity Fund on XRPL
CapSign CEO Matthew Rosendin released a new on-chain venture equity fund, which works on the XRPL EVM Sidechain. This fund contains 4.7 million Ripple shares worth $125 a piece when last sold on Lingto, estimating its worth to be over $580 million.
Structured using Delaware Series LLCs and smart contracts, the fund allows token-based governance. Investors can vote on share sales and management decisions in real time.
“This is the first time a DAO structure holds real private equity at this scale,” Rosendin said.
A real-time dashboard shows ownership data, estimated share values, active proposals, and fund updates. This initiative brings tokenized equity exposure directly into the XRP ecosystem.
XRP Trading Volume on Upbit Hits $1.94B
XRP trading volume on South Korean exchange Upbit surged to $1.94 billion in a single hour, vastly outpacing Binance’s $90 million. This massive spike coincided with a 2.36% price rise, pushing XRP above the key $2.28 resistance zone.
Open interest in XRP derivatives markets rose by 9.19% to $5.15 billion, indicating more capital entering leveraged positions. At the same time, total derivatives volume climbed 81.07% to $7.35 billion, reflecting strong speculative demand. Options open interest also rose 14.6%, while options volume saw a temporary decline.
This influx of volume and open interest often supports short-term price momentum. The reclaim of the $2.25 Fibonacci level also contributed to technical confidence. According to CasiTrades,
“The reclaim confirms a sentiment shift and marks the end of the accumulation phase.”
Ripple Charter Application and Whale Movements
Ripple’s ongoing application for a U.S. national bank charter is seen as a structural step toward institutional access. The license would allow Ripple to expand into regulated banking and custody services, attracting long-term interest from institutions.
Whale activity has also returned with earlier today, 219.8 million XRP worth $500 million moved between unknown wallets. Such transactions are often linked to repositioning by large holders.
Commenting on the move, crypto analyst Dark Defender noted,
“We are steps ahead. $XRP had the clear breakout. Road to all-time high.”
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .
With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.
His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content.
Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape.
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