Altcoins News

Story: XRP Eyes $3 Breakout as Ripple Case Reaches U.S. Senate Spotlight

By MikeT

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Ripple CEO to Address Regulatory Challenges in Senate Hearing. On Wednesday, July 9, Brad Garlinghouse will speak before the Senate Banking Committee in a…

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XRP Price Targets $3 as ETF Buzz Builds. XRP closed at $2.311 on Tuesday, July 8, gaining 1.74% and outperforming the broader crypto…

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ETF Developments Could Drive XRP and Broader Market. The broader crypto market is also eyeing potential ETF, Truth Social, the social platform linked…

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Bitcoin Targets $110,000 as U.S. Lawmakers Tackle Crypto Bills. While XRP prepares for a breakout, Bitcoin (BTC) is pushing higher amid key legislative…

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Outlook: XRP and BTC Poised for Breakouts If Momentum Holds. Both XRP and Bitcoin are showing bullish patterns as legal clarity and institutional developments…

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XRP is once again in the spotlight as Ripple CEO Brad Garlinghouse prepares to testify before the U.S.

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This comes at a time when the crypto community is closely watching the Securities and Exchange Commission (SEC) for a potential decision on whether to withdraw its appeal in the…

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On Wednesday, July 9, Brad Garlinghouse will speak before the Senate Banking Committee in a hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.

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“Ripple was the tip of the spear,” Garlinghouse said. “We were the first major U.S. crypto company sued by the SEC, and we prevailed.

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His comments are expected to draw attention to the SEC’s ongoing appeal regarding programmatic XRP sales and Ripple’s own move to withdraw its cross-appeal.

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Technical indicators show that if XRP can break above the recent high of $2.3539, it could move toward $2.6553.

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However, a downside move below the 50-day EMA could push XRP toward the $2.20 support level, with the 200-day EMA acting as the next line of defense.

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The broader crypto market is also eyeing potential ETF, Truth Social, the social platform linked to Donald Trump’s Media and Technology Group, filed for a new Crypto Blue Chip…

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Last week, the SEC also approved a rule change for Grayscale’s Digital Large Cap Fund (GDLC), which includes XRP.

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If the SEC withdraws its XRP appeal, it could remove a major roadblock to spot XRP ETFs starting in the U.S., potentially unlocking significant capital inflows.

The Currency Analytics

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