XRP News Today: Will BlackRock Fuel the Next XRP Rally?

SEC vs. Ripple: Will the SEC Finally Drop the Appeal?

Speculation of an SEC retreat in the Ripple case and looming XRP-spot ETF approvals have reignited investor demand, pushing XRP back above $3.15.

The token snapped a three-day losing streak, rising 0.76% on Saturday, July 26. Reversing a 0.09% loss from Friday, XRP closed the session at $3.1663. XRP outperformed the broader crypto market, which advanced 0.31%, lifting the total crypto market cap to $3.82 trillion.

Despite the SEC’s silence on its appeal plans, XRP’s hold above $3 underscores market optimism that the agency will drop the appeal. The next SEC closed meeting and potential vote on withdrawing the appeal is on July 31.

An appeal withdrawal is likely a crucial stepping stone toward the approval of pending XRP-spot ETF applications. Approval of the spot ETFs could potentially drive the token to new highs. Demand for BTC, ETH, and SOL through spot ETFs has contributed to major breakouts.

• BTC struck a record high of $122,056 on July 14, as total net inflows into spot ETFs reached $17,347 million (Jan 2 – July 14).
• ETH has surged 52% to a seven-month high of $3,860 in July to date. Total net inflows into ETH-spot ETFs have soared from $1,133.3 million in June to $4,573.3 million in July to date.
• SOL-spot ETFs have seen total net inflows of $120.2 million since launch, sending SOL to a five-month high of $206.31.

Even without an XRP-spot ETF, the token has rallied 43% in July to date, outperforming BTC (+10%), SOL (+21%), but trailing ETH (+52%). However, BlackRock’s (BLK) application for an iShares XRP Trust will likely be crucial for the success of an XRP-spot ETF market.

The ETF issuer’s iShare Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) have dominated the crypto-spot ETF space.

XRP Price Outlook: SEC Appeal Developments and ETF News

The near-term price outlook hinges on the SEC’s appeal vote and XRP-spot ETF-related news. An SEC appeal withdrawal could trigger the next XRP rally. The launch of a spot ETF could send XRP past its all-time high of $3.6606, potentially paving the way to $5.

XRP Price Action: Technical Indicators Signal Bullish Setup

Daily Chart

XRP trades well above the 50-day and the 200-day Exponential Moving Averages (EMA), affirming bullish momentum.

• On the upside, a breakout above $3.3 could signal a move toward $3.5. A sustained move through $3.5 may pave the way to the July 18 high of $3.6606.
• On the downside, a drop below $3.1 could enable the bears to target sub-$3 levels.

The 14-day Relative Strength Index (RSI) sits at 62.47, indicating XRP could climb to $3.6606 before entering overbought territory (RSI > 70).

Broader Market Outlook

The SEC’s appeal vote remains crucial. However, XRP remains exposed to external catalysts.

Broader macro headwinds—trade tensions and Fed monetary policy signals—may continue to influence sentiment. Rising trade tensions and a hawkish Fed policy stance would likely weigh on XRP, while trade deals and rising bets on a Fed rate cut could boost sentiment.

Looking ahead, the CLARITY Act, SEC appeal-related updates, and ETF-related updates will be the primary drivers of XRP’s performance.

Click here for expert XRP price forecasts and upcoming SEC deadlines.