XRP is surging and Curve Dao token got a revamp:
XRP has recently experienced a significant surge, nearing its all-time high of $3.84 set in 2018. As of July 28, 2025, XRP is trading at approximately $3.27.
Factors Driving XRP's Recent Surge
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Regulatory Clarity: In March 2025, Ripple Labs settled its long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), agreeing to a $50 million fine. This settlement provided much-needed regulatory clarity, allowing institutional investors to re-enter the market with confidence. Finance Magnates
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Institutional Adoption: Following the regulatory settlement, Grayscale added XRP to its Digital Large Cap Fund, marking a significant endorsement from traditional finance. Additionally, the launch of the Purpose XRP ETF on the Toronto Stock Exchange under the ticker XRPP has expanded access for institutional investors.
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Technical Breakouts: XRP's price action has shown bullish patterns, including a breakout above the $2.38 resistance level. Analysts suggest that if current momentum continues, XRP could target price levels between $5.25 and $6.19, based on technical indicators.
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Broader Market Rally: The overall cryptocurrency market has been bullish, with Bitcoin reaching new highs. This positive sentiment has spilled over to altcoins like XRP, contributing to its price increase.
Trending Cryptocurrencies This Week
Several cryptocurrencies have gained attention recently:
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Pudgy Penguins (PENGU): This NFT-themed meme coin surged nearly 290% in July, driven by increased NFT sales and social media buzz.
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Conflux (CFX): Gained approximately 170% due to anticipation of its 3.0 upgrade and involvement in a China-backed stablecoin project.
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Bonk (BONK): A meme coin on the Solana blockchain, it rose over 140% following a massive token burn and increased trading volume.
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Ethena (ENA): Experienced a 105% increase, bolstered by a major exchange listing and corporate backing.
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Curve DAO Token (CRV): Saw an 85% rise after its V3 upgrade, enhancing its position in the DeFi sector.
These developments indicate a dynamic and rapidly evolving cryptocurrency market, with various tokens experiencing significant movements due to technological advancements, institutional interest, and market sentiment.