XRP News Today: Bulls Eye ETFs, SEC Appeal, and Crypto Bills; BTC Hits $122k

XRP Hits $3 as Crypto Legislation Trump’s Ripple Case

On Monday, July 14, XRP broke through the crucial $3 threshold for the first time since February 2025. Investor optimism over lawmakers passing crucial crypto legislation during Crypto Week (July 14 – July 18) boosted XRP demand.

Markets expect a vote on three crucial crypto bills this week, including GENIUS, CLARITY, and Anti-CBDC. The GENIUS Act will deliver regulatory clarity to the stablecoin market, potentially boosting RLUSD adoption. Rising RLUSD adoption may fuel XRP demand since the token can act as a bridge currency to facilitate transactions. Notably, the GENIUS Act would make its way to President Trump’s desk if passed.

Ripple Chief Legal Officer Stuart Alderoty underscored the significance of Crypto Week, stating:

“As Congress works on historic crypto legislation this week, the stakes couldn’t be higher: 55 million Americans own crypto—and three in four say we need smart, clear laws. These bills are designed to protect everyday Americans who own and use digital assets.”

While the GENIUS Act focuses on stablecoins, the CLARITY Act would loosen the SEC’s grip on the digital asset space. The Act addresses the treatment of secondary sales, aligning with court rulings such as Judge Analisa Torres’ Programmatic Sales of XRP ruling.

The Act would end the regulatory uncertainty that enabled the SEC to file charges against Ripple in 2020, contributing to ETH flipping XRP for the #2 spot by market cap. Significantly, Section 203 should also end any debate on whether the SEC will withdraw its appeal against the Programmatic Sales ruling.

Will the SEC Withdraw Its Appeal in Crypto Week?

As lawmakers focus on crypto legislation, SEC Chair Atkins and the Commissioners must vote on dropping the appeal in the Ripple case. The next SEC closed meeting is slated for Thursday, July 17. An end to the challenge against the Programmatic Sales ruling would close the case and pave the way to a US XRP-spot ETF market.

The combination of clear regulatory frameworks for stablecoins and crypto and an XRP-spot ETF market could be a boon for XRP holders.

Since Ripple announced it would drop its cross-appeal, XRP has soared from $2.0692 to a July 14 high of $3.0337. Ripple CEO Brad Garlinghouse’s testimony on Capitol Hill contributed to the gains.

XRP Price Outlook: Crypto Votes the SEC Appeal Vote, and ETF Headlines

XRP jumped 4.37% on Monday, July 14, following Sunday’s 3.56% breakout and closing at $2.9593 Extending its winning streak to seven sessions, the token outperformed the broader crypto market, which advanced 0.79%, lifting the total market cap to $3.7 trillion.

XRP’s near-term price trajectory hinges on US lawmakers’ crypto votes on Capitol Hill, the SEC’s appeal vote, and US XRP-spot ETF developments.

A breakout above the July 11 high of $3.0337 could pave the way toward the 2025 high of $3.3999. A sustained move through $3.3999 may enable the bulls to target the 2018 all-time high of $3.5505.

Conversely, a drop below $2.75 could bring $2.50 into play, potentially exposing the 50-day Exponential Moving Average (EMA).

Explore our full XRP forecast here for key breakout zones and timing insights.

Bitcoin Soars as Market Catalysts Fuel Demand Frenzy

While XRP logged a seven-day winning streak, bitcoin (BTC) struck a new all-time high of $122,057 (Binance Exchange) on July 14. Several catalysts have fueled the latest rally, including:

• Legislative developments: Passing the CLARITY Act could turn the focus to the Bitcoin Act.
• Crypto Capital Gains Tax: Rumors of President Trump planning to remove crypto capital gains tax
• US BTC-spot ETF inflows: Total net inflows reached $2.718 billion in the week ending July 11.

Market intelligence platform Santiment remarked on BTC’s record-breaking run, stating:

“Despite plenty itching to get in, there has been a common narrative growing that BTC will fall down to certain market values to allow better entry points. Social media sentiment is actually showing mainly disbelief and trader fatigue, rather than the same level of excitement as previous rallies. As prices move in the opposite direction of retail’s expectations, this level of doubt can be taken as a signal that this rally may not be over with just yet.”

US BTC-Spot ETF Market Eyes Seven-Day Inflow Streak

US BTC-spot ETF inflows have been pivotal to the current breakout. Before last week, ETF issuers reported combined net inflows of over $1 billion in just three trading sessions since launch. Last week, net inflows exceeded $1 billion on Thursday and Friday, underscoring robust demand. On July 14, the US BTC-spot ETF market could extend its inflow streak to eight sessions. According to Farside Investors:

• Grayscale Bitcoin Mini Trust (BTC) had net inflows of $12.7 million.
• Meanwhile, ARK 21Shares Bitcoin ETF (ARKB )reported net outflows of $99.6 million.
• Fidelity Wise Origin Bitcoin Fund (FBTC) saw net outflows of $26.1 million.

With BlackRock (BLK) iShares Bitcoin Trust (IBIT) and Investo Galaxy Bitcoin ETF’s (BTCO) flow data pending, total US BTC-spot ETF outflows reached $97.3 million. Another solid day of inflows for IBIT would keep the winning streak alive.

Julio Moreno, Head of Research at CryptoQuant.com, commented:

“ETFs have now surpassed last year’s amount invested in Bitcoin ($) up to this moment in the year.”

BTC Price Outlook: Legislation and Spot ETF Flows in Focus

BTC rose 0.92% on July 14, following Sunday’s 1.72% gain and closing at $119,720.

The near-term price trajectory depends on several key factors, including legislative developments, Fed policy guidance, and spot ETF flow trends.

Potential scenarios:

• Bearish Scenario: Legislation setbacks, hawkish Fed cues, and ETF outflows. A combination of these may drag BTC toward $110,000, potentially bringing the 50-day Exponential Moving Average (EMA) into play.
• Bullish Scenario: Bipartisan votes for crypto bills, dovish Fed rhetoric, and ETF inflows. Under these scenarios, BTC could target $125,000.

What to Watch

Investors should closely track the key drivers, which could dictate if XRP and BTC can hit new record highs. These include:

• Ripple case updates: SEC appeal plans.
• Legislative developments: Hearings and lawmaker votes.
• Fed guidance: Hawkish or dovish guidance.
• ETF market flows: Flow trends crucial for BTC’s supply-demand balance.

See where analysts expect XRP and BTC to head as legal and political risks evolve.