XRP News Today: Will the US Declare XRP a Strategic Reserve Asset? BTC Hits $119k

Treasury, Payments, and Capital Payments: Corporate America Embraces XRP

Corporate filings and hopes for XRP-spot ETF approvals drove demand for XRP.

Last week, US firm Wellgistics Health filed an S-1 with the SEC, fueling speculation about corporate interest in XRP for treasury reserve purposes.

Pro-crypto lawyer Bill Morgan reviewed the filing, dismissing speculation about firms holding XRP as a treasury reserve, stating:

“WH is not only planning to hold XRP as a treasury reserve. It plans to implement a payment solution leveraging the XRPL to facilitate low cost real time payments between WH, its pharmacy customers and its manufacturer, and vendor partners. This is real business utility for the XRPL.”

Morgan also outlined WH’s other plans for XRP, adding:

“WH also intends to issue equity or debt securities or other capital raisings to use the proceeds to purchase more XRP. WH also intends to use its XRP holdings as collateral for capital raising transactions. There is also a reference to WH using its XRP holdings to create income streams.”

While WH’s plans reflect corporate interest in XRP, its weak financials have raised skepticism. Former SEC lawyer Marc Fagel remarked:

“Wellgistics (not to be confused with Webistics, the pump & dump scam on The Sopranos) has minimal sales and net losses, minimal assets, and a Going Concern opinion from the auditor.”

Will the US Government Identify XRP as a National Strategic Reserve Asset?

While Wellgistics may have a limited impact on XRP adoption, a looming crypto report may materially shift the supply-demand balance.

On Wednesday, July 30, the President’s Working Group on Digital Assets report will be publicly available. The Working Group could recommend that the US administration build its crypto stockpile, potentially including XRP as a national strategic reserve asset.

According to Arkham, the US government does not hold XRP as part of its crypto asset stockpile, primarily comprising 198,012 BTC, 347.446 million USDT, and 59,951 ETH.

A jump in US government demand for XRP could coincide with the SEC dropping its appeal in the Ripple case. An appeal withdrawal may expedite the approval of pending XRP-spot ETF applications, potentially boosting institutional demand for XRP.

XRP Price Outlook: SEC Appeal, Banking Licenses, and ETFs in the Spotlight

XRP rallied 2.34% on Sunday, July 27, following Saturday’s 0.76% gain, closing at $3.2403. The token outperformed the broader market, which advanced 1.83%, taking the total crypto market cap to $3.89 trillion.

XRP’s near-term price outlook hinges on two key catalysts, including the SEC’s appeal vote and XRP-spot ETF-related updates. However, Ripple’s progress in obtaining a US banking license, eating into SWIFT’s volume, and US lawmakers passing the CLARITY Act may also boost XRP demand.

A breakout above $3.3 could enable the bulls to target the $3.5 level. A sustained move above $3.5 may bring the July 18 all-time high of $3.6606 into play. Conversely, a drop below the $3 level may expose the $2.8 level.

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

Bitcoin Hits Four-Session High as the US and the EU Shake on a Trade Deal

While XRP advanced on hopes of the SEC dropping its appeal, bitcoin (BTC) reacted to news of the US and the EU reaching a historic trade deal.

On Sunday, July 27, President Trump announced the trade agreement, stating:

“The European Union is going to agree to purchase from the United States $750 billion worth of energy. They are going to agree to invest into the United States $600 billion more than they’re investing already. […]. They’re agreeing to open up their countries to trade at zero tariff, so that’s a very big factor. […]. And they’re agreeing to purchase vast amounts of military equipment.”

On the levies, President Trump said:

“We are agreeing that the tariff straight across for automobiles and everything else will be a straight across tariff of 15%.

Averting a full-blown trade war between the two largest economies was crucial for risk sentiment, boosting demand for cryptos, including BTC and XRP.

Sunday’s US-EU trade deal preceded this week’s third round of high-level US-China trade talks. After trade deals with the EU, Japan, and the UK, a trade agreement with China would mean the world’s top four economies by GDP have signed deals with the US.

Notably, trade deals, including lower tariffs, could cool US import prices and inflationary pressures. A softer inflation outlook may raise bets on a Fed rate cut, lifting the appetite for BTC and the broader crypto market. The FOMC interest rate decision and press conference are slated for Wednesday, July 30. Economists expect the Fed to keep interest rates at 4.5%, giving the rate statement and press conference more weight.

BTC Price Outlook: Trade Developments, the Fed, and Spot ETF Flows in Focus

BTC rose 1.31% on July 27, following Saturday’s 0.24% gain, closing at $119,393.

The near-term price outlook hinges on several potential price catalysts. These include:

• The CLARITY Act’s progress on Capitol Hill.
• US President’s Working Group’s stance on BTC as a strategic reserve asset.
• The Fed’s interest rate decision and policy outlook.
• BTC-spot ETF flows.

Potential scenarios:

• Bearish Scenario: Legislation roadblocks, US government advises against BTC stockpiling, hawkish Fed rhetoric, and ETF outflows. A combination of these may pull BTC toward $115,000, potentially exposing the 50-day Exponential Moving Average (EMA).
• Bullish Scenario: Bipartisan support for crypto bills, recommendation to build on the US BTC stockpile, dovish Fed cues, and ETF inflows. Under these scenarios, BTC could target the all-time high of $122,057.

What to Watch

Investors should continue to track the key drivers, which will likely determine whether XRP and BTC can hit new record highs. These include:

• Ripple case updates: Pending SEC appeal vote.
• US Presidential Working Group Report: Recommendations for crypto stockpiling.
• Legislative developments: Progress on Capitol Hill.
• Fed guidance: 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.