PayPal (PYPL) announced on July 28 that it will allow account holders to make international payments using cryptocurrencies, including XRP. The move enables cost savings of up to 90% while offering immediate access to funds. The service will support over 100 cryptocurrencies and connect with major wallets such as Coinbase, OKX, Binance, Kraken, Phantom, MetaMask, and Exodus.
PayPal stated:
“We’re making all of this, and more, easily accessible through Pay with Crypto, a new payment method allowing merchants to reach over 650 million crypto users.”
The company confirmed that “Pay with Crypto” will roll out to U.S. merchants in the coming weeks, covering nearly 90% of the $3 trillion crypto market cap. Supported tokens include BTC, ETH, USDT, XRP, BNB, Solana, USDC, and more.
PayPal CEO Alex Chriss emphasized the platform’s impact on businesses:
“We’re removing barriers for global growth. Businesses can accept crypto payments, pay lower fees, access funds instantly, and even earn 4% on balances stored as PYUSD.”
PayPal’s shares rose 0.31% to close at $78.22, their highest level in five months.
Regulatory Shifts Bolster XRP Adoption
The U.S. Administration and SEC are signaling a softer stance on crypto regulation, fueling mainstream integration of digital assets. The National Crypto Association welcomed PayPal’s move, stating:
“Crypto is becoming part of how people move money. Twenty-three percent of non-holders say they’d use crypto if they could spend it easily. Steps like this make that possible.”
Two major events this week could significantly impact XRP’s trajectory. On July 30, the Presidential Working Group on Digital Asset Markets will release its long-awaited report, reportedly considering designating assets such as XRP as strategic reserves.
Additionally, on July 31, the SEC is set to vote on withdrawing its appeal in the Ripple case regarding XRP’s programmatic sales. Dropping the appeal would end the case, clearing the path for XRP-spot ETFs and potentially triggering strong price momentum.
XRP Forms Ascending Channel, Targets 560% Surge from $3.15 to $20.90
On July 29, 2025, XRP/USDT weekly chart showed an ascending channel pattern, a bullish formation marked by parallel upward-sloping trendlines that signal consistent higher highs and higher lows. This pattern often indicates sustained buying pressure and growing momentum.
The chart suggests XRP could rise by 560%, climbing from its current price of $3.15 to the projected target of $20.90 if the breakout confirms. The strong upward projection aligns with the channel’s measured move, where the height of the channel is applied to the breakout point.
The 50-week EMA at $2.03 continues to act as solid support, reinforcing bullish sentiment. XRP’s recent breakout attempt above the upper channel boundary signals strong market interest, especially with volume increasing. This technical setup coincides with fundamental drivers such as PayPal’s XRP integration and the pending SEC vote on withdrawing its Ripple appeal, both of which could further fuel demand.
If bulls maintain momentum and hold XRP above the breakout zone, the chart points to a potential rally toward $20.90. The alignment of bullish technical patterns with upcoming regulatory events adds weight to the case for a significant upside move.
XRP RSI Near Bullish Zone Signals Strengthening Momentum
On July 29, 2025, XRP’s Relative Strength Index (RSI) on the weekly chart stood at 63.51, moving toward the overbought threshold of 70. The RSI, a momentum oscillator that measures the speed and change of price movements, indicates that XRP is gaining strong buying pressure but has not yet entered an overbought condition.
The RSI’s upward trend reflects growing bullish momentum after bouncing from a mid-50s level earlier this month. This move suggests renewed strength following previous consolidation phases. The RSI crossing above its signal line at 56.39 further supports the bullish case, pointing to continued market optimism.
If XRP’s RSI pushes closer to 70 without sharp divergence from price action, it could confirm sustained upward momentum aligned with the ascending channel breakout. This reinforces the potential for a strong rally toward $20.90 if buying pressure remains consistent. The RSI’s current positioning shows room for growth while staying below overbought levels, indicating XRP still has technical space to extend its upside move.
XRP MACD Flips Bullish, Reinforcing Uptrend Momentum
On July 29, 2025, XRP’s Moving Average Convergence Divergence (MACD) showed a clear bullish reversal. The MACD line rose to 0.27537, crossing well above the signal line at 0.18959, confirming a shift in market momentum toward buyers. Additionally, the histogram turned positive, reflecting increasing bullish pressure after weeks of negative readings.
The MACD’s upward slope highlights strengthening momentum following its rebound from a deep negative zone earlier this year. This technical setup aligns with XRP’s ascending channel breakout and RSI climb, indicating that bulls are regaining control. The positive divergence between price and MACD supports expectations of further upside.
As long as the MACD maintains its current trajectory above the signal line and the histogram expands, XRP could sustain its rally. This indicator reinforces the potential for a strong move toward the projected target of $20.90, especially as it coincides with favorable catalysts like PayPal’s integration of XRP and regulatory developments.
XRP SMI Points to Strengthening Bullish Momentum
XRP’s Stochastic Momentum Index (SMI) registered at 49.72, while its signal line stood at 43.53. The SMI’s recent crossover above the signal line confirms growing bullish momentum, indicating that buying pressure is accelerating.
The SMI, which measures price momentum relative to its median range, shows XRP climbing from oversold territory earlier this year to its current position near the upper zone. This shift signals sustained upward strength and supports the case for a continued rally. Historically, similar crossovers near the midpoint have preceded strong bullish swings.
If XRP’s SMI continues rising toward the 60–70 level without sharp reversals, it will further validate the price breakout and align with other indicators such as RSI and MACD. Together, these momentum signals strengthen the outlook for potential surge toward $20.90 in line with the ascending channel projection.
