In July 2025, the Crypto Assets market welcomed a new pattern. XRP exhibited an exceptionally strong momentum, achieving a rise of over 10% multiple times within a single day, breaking through the historical high of $3.5. This astonishing performance pushed its market capitalization above $200 billion, firmly securing the third position in the Crypto Assets market capitalization rankings.

In mid-July, the US stablecoin regulatory bill was passed in the House of Representatives, and this positive news became a catalyst for the surge in XRP prices. Between the 17th and 18th, XRP's daily increase reached 15%, driving up other well-known Crypto Assets such as ADA and DOGE.

It is worth noting that XRP's recent trend has shown characteristics of decoupling from Bitcoin. Even in the case of Bitcoin consolidating or retracing, XRP has still managed to continuously reach new highs, indicating that a significant amount of capital is flowing into the XRP market.

Analyzing the core driving factors behind XRP's current rise, it mainly includes favorable policy regulations and technical breakthroughs. On the policy front, the expectation of U.S. pension funds entering the market brings new opportunities for XRP. As a project considered to have 'strong compliance attributes' and based in the U.S., XRP is likely to become the preferred choice for institutional investors. Additionally, with the approval of other Crypto Assets ETFs, the market's optimistic sentiment towards an XRP spot ETF is also heating up.

On the technical side, XRP first stabilized above $2 on the annual line in early 2025, breaking the curse of 'breakthrough followed by a drop' that had persisted for the past 8 years, confirming a reversal of the long-term trend. In July, XRP quickly rebounded after retracing to the lower edge of the channel, forming a typical bull market 'slow rise, fast drop' structure.

A series of factors have jointly driven XRP to emerge with a strong market performance independent of Bitcoin, bringing new vitality and possibilities to the Crypto Assets market. However, investors still need to be cautious and closely monitor market trends and changes in the regulatory environment.