Altcoins News
By Evie Vavasseur
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Regulatory Clarity Could Be Imminent. The SEC’s discussion is scheduled for 03:00 UTC on August 7, where it will consider Ripple's…
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SBI’s ETF Filing Draws Attention. At the same time, global institutional interest in XRP appears to be growing.
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Price Action and Technical Indicators. In the last 24 hours, XRP traded between $2.91 and $3.02—covering a 3.7% price range.
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What Traders Are Watching Next. Traders are closely monitoring several key catalysts that could determine XRP’s short-term price…
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Conclusion. XRP’s latest price surge to nearly $3 marks a critical moment in the token’s ongoing recovery.
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XRP surged past the $3 mark on August 7, driven by rising investor confidence as key regulatory and institutional developments unfold.
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This price rally is closely tied to a combination of bullish technical momentum and important macro events. The U.S.
8 / 15
The SEC’s discussion is scheduled for 03:00 UTC on August 7, where it will consider Ripple's request to formally withdraw its appeal.
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Ripple’s legal case has been ongoing for years, and the latest developments suggest that a resolution may finally be near.
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At the same time, global institutional interest in XRP appears to be growing. Japan-based SBI Holdings has officially filed for a Bitcoin-XRP ETF.
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Reports suggest that corporate treasuries are exploring XRP for diversification, with commitments potentially reaching up to $1 billion in purchases.
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In the last 24 hours, XRP traded between $2.91 and $3.02—covering a 3.7% price range. The strongest price movement occurred between 15:00 and 16:00 UTC, when XRP jumped from $2.
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South Korean exchange Upbit was a major contributor to the volume spike, processing over $95 million in XRP trades.
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From a technical standpoint, XRP successfully broke through key resistance levels at $2.87, $2.92, and $2.97. However, it struggled to hold above $3.
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SEC’s 03:00 UTC session to determine whether Ripple’s appeal withdrawal is accepted, potentially finalizing XRP’s regulatory status.
The Currency Analytics
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