XRP Surges Toward $3: Main Factors Driving the Rally

XRP is trading near the $3 mark after gaining 2.98% in the past 24 hours, supported by a surge of bullish momentum across regulatory, institutional, and real-world utility fronts.

The token now holds a market cap of nearly $175 billion, ranking #3 among cryptocurrencies. Here are the three key drivers fueling this latest breakout:

1. Dubai real estate tokenization boosts real-world adoption

Ripple’s partnership with Ctrl Alt to tokenize property titles in Dubai has sparked renewed investor confidence. This government-backed initiative will see real estate ownership recorded on the XRP Ledger, with entry-level investments starting at just AED 2,000 (~$545). It marks the first time a Middle Eastern land registry will run on a public blockchain. Combined with Ripple’s DFSA-approved RLUSD stablecoin and growing UAE presence, the deal strengthens XRP’s use case as a cross-border utility token.

2. SEC lawsuit rumors fuel legal optimism

Unverified reports suggest the SEC may vote to dismiss its long-standing lawsuit against Ripple during a closed-door meeting scheduled for July 18. While speculative, this development aligns with XRP’s 60% 30-day rally and growing regulatory clarity under the Trump administration. A formal case dismissal would remove one of the largest legal overhangs on the token, potentially unlocking a new wave of institutional participation.

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3. Record CME futures volume reflects institutional demand

On July 11, CME Group reported $235 million in notional volume for XRP and Micro XRP futures contracts—its highest single-day total to date. More than 9,100 contracts were traded, representing over 82 million XRP. The cumulative notional volume since launch has now surpassed $1.6 billion, underlining growing institutional interest in XRP as a tradable asset.

As XRP consolidates near $2.95, a confirmed breakout above $3 could trigger further upside if legal clarity and institutional inflows continue to strengthen.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.