XRP Hits $3.84 ATH as Retail Buyers Flood In Fast

• XRP reaches $3.84 ATH amid favorable US crypto legislation and retail investor surge.
• Institutional demand grows as VivoPower and Webus plan $421 million in XRP purchases.
• XRPs bullish momentum backed by technical indicators, signaling potential 305% rally to $14.

XRP has reached a new all-time high (ATH) of $3.84, a 7.02% surge in the past 24 hours. This price movement marks a significant milestone, and XRPs market capitalization has also hit a record $206 billion. The rally comes in the wake of favorable crypto legislation in the United States, which has boosted investor confidence.

Meanwhile, the increase in the tokens price is a direct result of the market responding positively to the passage of key crypto bills in the US House of Representatives. This legislative shift is seen as a strong signal for the future of digital assets in the US, and XRP appears to be one of the primary beneficiaries of this momentum.

Retail Interest Pushes XRP Higher

As XRP surged to its ATH, retail investors have been a significant factor in this rally. “Were seeing a clear wave of retail flood in,” said analyst Dom traderview2, highlighting the rapid increase in net buying on major exchanges like Coinbase and Kraken.

Consequently, the relatively lower price of XRP compared to other top cryptocurrencies has made it more attractive to retail buyers. The perception of value from obtaining more coins per dollar has likely played a role in driving this surge.

The boost in retail interest has led to a sharp increase in XRPs daily trading volume, which now stands at $22.5 billion. This jump indicates that retail buyers are actively engaging with the token, helping to fuel its rise.

Institutional Demand and Regulatory Developments

Institutional demand for XRP is also growing, with companies such as VivoPower and Webus planning to purchase $421 million in XRP for their corporate treasuries. The recent regulatory developments in the US are further supporting the growth of the tokens institutional appeal.

Moreover, the passing of bills related to stablecoins, such as the GENIUS Act, aligns with Ripples RLUSD stablecoin ambitions and positions XRP as a key player in the evolving financial system. Ripple is currently applying for a US banking license and a Federal Reserve master account.

This suggests that the company is positioning itself for deeper integration into traditional financial systems. These developments are expected to support further growth for the crypto.

Technical Indicators Point to Continued Bullish Momentum

XRPs technical indicators suggest the price could continue to climb. The Moving Average Convergence Divergence (MACD) has produced a bullish cross, signaling a positive trend. The Relative Strength Index (RSI) on the weekly chart also shows that XRP has room to run before reaching overbought levels.

The tokens bull pennant formation on the weekly chart projects a potential 305% rally, with a target price of $14. This reinforces the bullish outlook for XRP, driven by both retail and institutional demand, as well as the favorable market conditions created by recent regulatory changes.