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XRP News Today: Market Focus Turns to ETFs and SWIFT Rivalry; BTC Dips on Fed Sentiment

By:
Bob Mason
Published: Aug 16, 2025, 04:37 GMT+00:00

Key Points:

  • SEC files final status report as Ripple case nears resolution, shifting focus to ETFs and bank license plans.
  • Wellgistics integrates XRP Ledger, boosting blockchain payments across 6,500 pharmacies and 200 manufacturers.
  • Institutional demand rises as companies add XRP to balance sheets, highlighting growing confidence post-case.
XRP News Today

SEC Files Final Status Report with the US Court of Appeals

XRP steadied as the SEC vs. Ripple case drew closer to a formal resolution. The SEC filed a status report with the US Court of Appeals. US defense attorney James Filan shared the latest court filing, stating:

“The SEC has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court.”

Though procedural, the filing marked another crucial step toward resolving the Ripple case. Ripple and the SEC previously filed a Joint Stipulation of Dismissal on August 7, formally withdrawing their appeals in the case.

As the dust settles from the Ripple case, market focus has shifted to Ripple’s pursuit of a US-chartered bank license, efforts to challenge SWIFT, rising institutional adoption, and XRP-spot ETFs. The end to the Ripple case has fueled institutional demand for XRP.

Wellgistics Health SEC Filing Highlights XRP Merits

This week, Wellgistics Health, a Nasdaq-listed pharmaceutical company, announced the integration of XRP Ledger into its payments program.

Bill Morgan remarked:

“What was amazing in the announcement was how Wellgistics comments on the high fees, delays, and inefficiencies of traditional banking and contrasts with all the great features of XRP we have come to know and love.”

Morgan shared details of the announcement, which included:

  • The program will enable pharmacies to pay for products and move funds instantly and cost-effectively, without needing to rely on traditional banking and credit card networks.
  • Gives independent pharmacies access to blockchain-based payments.
  • Calls it an XRP-based payment solution at scale.
  • The company services 6500 independent pharmacies and 200 manufacturers.

For context, Wellgistics Health had previously filed an S-1 form with the SEC. The Company stated its intent to adopt XRP as a treasury reserve asset. The pharma company also expected to implement a payment solution, using the XRP Ledger (XRPL) to facilitate secure, low-cost, and real-time payments between the Company, its pharmacy customers, their manufacturers, and vendor partners.

Wellgistics Health’s announcement underscored real utility and use for XRP and XRPL, potentially crucial for XRP’s price outlook.

Institutions adding XRP to their balance sheet have drawn the attention of investors, likely triggered by the agreement to end the Ripple case. Last week, Bill Morgan commented on increased institutional demand, stating:

“That is four companies I have identified in less than a week just from their SEC filings on top of many others disclosed over the last few months holding XRP.”

The companies include Quantum Biopharma Ltd., Worksport Ltd., Hyperscale Data Inc., and Flora Growth Corp.

XRP Price Outlook: Banking License, Treasury Reserve Asset, and Spot ETFs in Focus

XRP slipped 0.07% on Friday, August 15, after the previous session’s 5.78% slide, closing at $3.0809. The token outperformed the broader market, which fell 0.96% to a total crypto market cap of $3.91 trillion.

In the near-term, XRP’s price outlook hinges on several key catalysts, including:

  • XRP-spot ETF news.
  • XRP Treasury Reserve Asset adoption
  • Ripple’s progress in obtaining a US-chartered bank license.
  • SWIFT-related updates.
  • Legislative developments.

A breakout above the $3.2 resistance level could allow the bulls to target the August 8 high of $3.3826. A sustained move above $3.3826 may pave the way toward the July 18 all-time high of $3.6606 (Binance Exchange).

However, a drop below $3 may bring the 50-day Exponential Moving Average (EMA) into play. If breached, the August 3 low of $2.7254 would likely come into play.

XRP Daily Chart affirms bullish price signals.
XRPUSD – Daily Chart – 160825

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

BTC Dips: US Economic Data Reverse Fed Rate Cut Bets

While XRP saw modest losses, falling expectations of aggressive Fed rate cuts weighed on Bitcoin (BTC) demand.

A jump in US producer prices, upbeat US labor market data, and resilient retail sales tempered bets on aggressive Fed rate cuts.

Producer prices rose 3.3% year-on-year in July, following a 2.4% increase in June, with core producer prices surging 3.7% (June: 2.6%). Economists view producer prices as a leading inflation indicator, signaling a potential pickup in inflation. Initial jobless claims dropped from 227k (week ending August 2) to 224k (week ending August 9).

Retail sales increased 0.5% month-on-month in July, after a 0.9% rise in June, potentially fueling demand-driven inflation.

According to the CME FedWatch Tool, the chances of a September Fed rate cut fell from 100% on August 13 to 92.1% on August 15.

A less dovish Fed rate path could dampen demand for risk assets, including BTC. Notably, BTC fell from its August 14 record high of $123,731 to a low of $116,904 following the US data.

BTC reaction to US data.
BTCUSD – Daily Chart – 160825

US BTC-Spot ETFs Snap Inflow Streak

Easing bets on multiple Fed rate cuts affected the US BTC-spot ETF market flows on Friday, August 15. Key flow trends included:

  • iShares Bitcoin Trust (IBIT) reported net inflows of $114.4 million.
  • Meanwhile, Grayscale Bitcoin Trust (GBTC) had net outflows of $81.8 million.
  • ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $46.7 million.

Notably, BlackRock (BLK) iShares Bitcoin Trust avoided outflows for eight sessions. However, total US BTC-spot ETF outflows reached $14.1 million on August 15, snapping a seven-day inflow streak.

BTC Price Outlook: Fed Rate Cut Bets and Spot ETF Flows in Focus

BTC fell 0.74% on Friday, August 15, following the previous session’s 3.54% loss, closing at $117,527.

Several key events will dictate the near-term price trajectory. These include:

  • Fed monetary policy stance: FOMC Meeting Minutes, Fed speakers, and the Jackson Hole Symposium
  • US Jobless Claims and Services PMI.
  • Legislative developments on Capitol Hill.
  • BTC-spot ETF flows.

Potential scenarios:

  • Bearish Scenario: Legislative setbacks, stronger US economic data, hawkish Fed cues, and ETF outflows. A combination of these may drag BTC below $115,000 and the 50-day Exponential Moving Average (EMA).
  • Bullish Scenario: CLARITY Act’s progress on Capitol Hill, softer US data, dovish Fed rhetoric, and ETF inflows. In this case, BTC could target the record high of $123,731.
BTC Daily Chart sends bullish price signals.
BTCUSD – Daily Chart – 160825

Key Market Drivers to Fuel or Derail a Breakout

Traders should monitor the following key events to determine whether XRP and BTC climb to new all-time highs:

  • XRP-spot ETF headlines.
  • Legislative news: The CLARITY Act.
  • US Economic Data.
  • Fed commentary: Hawkish or dovish signals.
  • 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.

About the Author

Bob Masonauthor

With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.

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