XRP News Today: Bulls Eye $3.40 as Crypto Week Drives Momentum; BTC Hits New High
By Bob Mason | Updated: July 14, 2025, 04:34 GMT+00:00
Ripple Sees Renewed Hope as SEC Appeal Vote Looms
XRP, the native token of Ripple Labs, is steadily gaining momentum with bulls targeting a key resistance level of $3.40 amid a dynamic week for cryptocurrency markets. The catalyst behind the rally is intensifying speculation over a potential end to the longstanding SEC versus Ripple legal battle, alongside broader legislative and market developments.
The U.S. Securities and Exchange Commission (SEC) is set to hold a critical closed-door meeting on July 17, 2025, which may include a formal vote to drop its appeal in the Ripple case. This move could mark a turning point for XRP, which has outperformed the wider crypto market in recent days. Since Ripple’s announcement of dropping its cross-appeal, XRP surged from $2.0692 to a high of $2.9727 on July 11, igniting optimism for further gains.
The SEC and Ripple had earlier agreed to drop their respective appeals conditional on a favorable ruling by Judge Analisa Torres on settlement terms, which would have lowered Ripple’s penalty from $125 million to $50 million and lifted an injunction restricting XRP sales to institutional investors. Despite the judge rejecting the joint motion, Ripple’s decision to drop its cross-appeal signals the possibility of an SEC withdrawal from the case. Such an official move could propel XRP beyond previous highs.
Currently, XRP trades near $2.83 (as of July 13 close), well below its 2018 all-time high of $3.55 and its 2025 peak of $3.40. A confirmed SEC exit could be the spark for XRP to reclaim and potentially surpass these resistance levels, targeting $3.40 and beyond.
Legislative Developments Brighten Crypto Outlook
The legal drama surrounding XRP coincides with significant momentum in Washington, D.C., as lawmakers debate the future regulatory framework for digital assets. On July 9, 2025, Ripple CEO Brad Garlinghouse testified before the Senate Banking Committee during the "From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets" hearing. He advocated for the speedy passage of the Digital Asset Market Clarity (CLARITY) Act.
Garlinghouse emphasized the need for clear legal guidelines and regulatory certainty to prevent arbitrary enforcement, criticizing recent SEC actions as inconsistent and aggressive toward the industry. The CLARITY Act aims to define clear jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission (CFTC), among other provisions. Notably, it would prohibit exchanges from mixing customer funds with their own, a direct response to failures like the FTX collapse.
This week is pivotal for crypto legislation, with planned House votes on the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. Additionally, the SEC may unveil a framework for crypto-spot Exchange-Traded Funds (ETFs), potentially fast-tracking approvals for XRP-based ETFs. If successful, these advances could elevate XRP’s market position, potentially surpassing Ethereum to become the second-largest cryptocurrency by market capitalization.
XRP Price Outlook: Breaking Key Thresholds
XRP’s recent gains—3.56% on July 13 alone—bolster hopes for further appreciation. Technical observers note that a breakout above the July 11 high of $2.9727 could open the door for bulls to challenge the 2025 high of $3.3999. Further momentum may even bring the all-time 2018 peak of $3.5505 into reach.
Conversely, should XRP fall below critical support at $2.50, it may revisit $2.40 and test its 50-day Exponential Moving Average (EMA), which could indicate short-term weakness.
Bitcoin Hits Record High Amid Spot ETF Inflows
While XRP rallies, Bitcoin (BTC) continues to steal headlines by reaching new all-time highs. Early trading on July 14 saw BTC touch $118,999 on Binance, propelled by several favorable factors:
- Increasing bipartisan support and expected legislative frameworks for cryptocurrency.
- Sustained inflows into U.S. BTC-spot ETFs, with net inflows reaching $2.718 billion for the week ending July 11, marking five consecutive weeks of positive inflows.
- Fed policy expectations, with markets pricing a 64.6% probability of a rate cut by September, slightly down from earlier estimates.
BTC’s price climbed 1.72% on July 13 to $118,625, reversing a minor loss from the day before. Market participants are closely watching legislative developments and Federal Reserve signals, which will influence whether Bitcoin’s momentum continues.
What Investors Should Monitor This Week
The upcoming days are crucial for determining the near-term trajectories of XRP and BTC. Key factors to observe include:
- The SEC’s decision on dropping the Ripple case appeal.
- Congressional voting outcomes on crypto-related legislation such as the CLARITY Act.
- The Federal Reserve’s tone on monetary policy amid ongoing economic data.
- ETF market flows, which remain a critical barometer for institutional demand in Bitcoin and potentially XRP.
Analysts expect significant price action depending on these legal and political developments, potentially triggering new record highs for both cryptocurrencies.
About the Author
Bob Mason brings over 28 years of financial industry expertise, working with global rating agencies and multinational banks. Currently, he specializes in covering currencies, commodities, and alternative asset classes with a focus on European and Asian markets.
For more detailed analysis and real-time updates on XRP, Bitcoin, and the wider cryptocurrency market, stay tuned to FXEmpire’s Crypto News section.