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The XRP price edged up a fraction of a percentage in the past 24 hours to trade at $3.142 as of 3:46 a.m. EST, with a 4% rise in trading volume to $5.8 billion.
This comes as Bloomberg analyst Eric Balchunas projects XRP ETF (exchange-traded fund) approval by early September, following the US Securities and Exchange Commission’s (SEC) updated listing standards for crypto exchange-traded products (ETPs).
According to Balchunas, the change could pave the way for several altcoin ETFs. Balchunas emphasized that the updated standards mainly impact cryptocurrencies with existing derivatives activity, including major assets like XRP, Dogecoin, and Solana.
The SEC's "Listing Standards" for crypto ETPs is out via new exchange filing. BOTTOM LINE: Any coin that has futures tracking it for >6mo on Coinbase's derivatives exchange would be approved (below is list). It's about a dozen of the usual suspects, the same ones we had at 85% or… https://t.co/QlzZnta7Yv pic.twitter.com/CmBr8XxAcM
— Eric Balchunas (@EricBalchunas) July 30, 2025
An approval could mean that XRP gains more exposure in the crypto space, which could be a catalyst for the Ripple token price.
After a 41% monthly surge and 380% gains over the year, XRP could be gearing up for its next moonshot.
XRP Price Breaks Out From Bearish Triangle
The XRP price has recently broken out of a descending triangle pattern, a typically bearish formation, but in this case, the breakout was to the upside, signaling a bullish reversal.
That triangle, defined by a flat support around $2.10 and descending resistance from the $3.68 level, had been compressing Ripple token price action for months.
The breakout occurred decisively, pushing the XRP price as high as $3.68 before encountering resistance and now consolidating near $3.14.
Meanwhile, the 50-day Simple Moving Average (SMA) is rising and currently sits at $2.607, while the 200-day SMA is at $2.4539 on the 1-day timeframe. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross around the $2.42 zone, cementing the bullish outlook.
Moreover, the Relative Strength Index (RSI) is at 57.43, showing that the market has cooled off from overbought levels and is now in a healthy consolidation phase, neither overbought nor oversold.
As long as the price of XRP holds above the key breakout level near $2.94 (also the 0.236 Fibonacci retracement), the bias remains bullish. If buying momentum returns, XRP could retest the $3.68 high and potentially move toward $4.00.
Conversely, a breakdown below $2.60 might lead to a deeper correction toward the $2.10 region, where previous resistance now acts as support.
Meanwhile, investors are piling into a new BTC-themed token called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Races Past The $6 Million Mark – Next 10X Crypto?
Bitcoin Hyper aims to become BTC’s first full-fledged layer-2 (L2) execution network, built from the ground up to surpass the Bitcoin blockchain’s performance limits.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
The project also functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Bitcoin Hyper is here to supercharge Bitcoin.
Built on the Solana Virtual Machine, it brings lightning-fast, low-cost transactions to Bitcoin’s ecosystem perfect for payments, meme coins, and powerful dApps.
With zk-proofs and Layer 1 anchoring, it’s fast and secure.
Presale is… pic.twitter.com/qMi0sZb7Ld— halo (@haloETH) May 11, 2025
Investors are betting big on the idea, having pumped over $1.5 million into the project’s presale in the last week alone, pushing the total amount collected to over $6 million. ‘
Additionally, if you buy and stake now, you could unlock a 168% APY. However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER for $0.012475 each using crypto or a bank card.
Buy before the next price increase in about 31 hours.
Visit the Bitcoin Hyper website.
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