XRP News Today: XRP Surges 56% in July Amid ETF Hopes, SEC Uncertainty; BTC at $117k

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

On Monday, July 21, XRP revisited levels near its July 18 all-time high of $3.6629 before easing back. Legislative developments on Capitol Hill drove XRP demand rather than sentiment toward the SEC vs. Ripple case. XRP soared from $2.2998 to its record high in response to Ripple CEO Brad Garlinghouse’s testimony at the Senate Banking Committee hearing on July 9 and the progress of crypto bills.

The signing of the GENIUS Act and the passing of the CLARITY Act to the Senate pave the way for clear rules of the road. A clear crypto regulatory framework and the anticipated end of the Ripple case have put RLUSD, XRP, and Ripple in the spotlight.

However, XRP may face stern resistance at the $3.66 level as investors grow impatient over the SEC’s silence about its appeal withdrawal plans. The July 24 closed SEC meeting is the next opportunity for Chair Paul Atkins and the Commissioners to vote on withdrawing the appeal against the Programmatic Sales of XRP ruling.

Judge Analisa Torres rejected the SEC and Ripple’s joint motion for an indicative ruling on settlement terms on June 26. Will a four-week lead time be enough for the agency to vote and drop the appeal? Former SEC lawyer Marc Fagel has warned it could take 1-2 months for the agency to vote on an enforcement recommendation, stating:

“But since we don’t know when exactly the enforcement staff decided to recommend dismissing the appeal in response to the Judge’s 6/26 order, it’s pure speculation.”

SEC Appeal Withdrawal Delays Stall XRP-Spot ETF Approvals

Despite XRP’s recent surge, the SEC’s internal processes are potentially delaying the approval of XRP-spot ETFs. BlackRock (BLK) may also be keeping an iShares XRP Trust filing on ice until the case concludes, a potential price catalyst.

Nevertheless, the anticipation of an appeal withdrawal and approval of XRP-spot ETFs has given XRP the edge over its peers. Ranking third by market cap ($206.14 billion), XRP has soared 56% in July to date, outperforming Solana (SOL)’s 28% gain despite REX-Osprey’s SOL-spot ETF launching on July 2.

ETF Store President Nate Geraci recently remarked on the potential success of an XRP-spot ETF market, stating:

“We’ll see what happens when the spot ETFs are approved. But XRP Army ‘way’ more passionate than I think people realize. If I had to rank passion based on my experience on this platform: 1) BTC, 2) XRP, 3) HBAR, 4) ETH, 5) SOL.”

Considering the impact of recent inflows into ETH-spot ETFs ($2,281.4 million, week ending July 18) on ETH’s price trajectory, XRP could soar to unprecedented highs. ETH has gained 51% in July.

XRP Price Outlook: Working Group Report, the SEC Appeal Vote, and ETF Headlines

XRP rose 2.8% on Monday, July 21, following Sunday’s 0.87% gain and closing at $3.5528. The token outperformed the broader crypto market, which advanced 0.56%, bringing the total crypto market cap to $3.86 trillion.

XRP’s near-term price outlook depends on the SEC’s appeal vote, US XRP-spot ETF-related news, and the CLARITY Act’s progress on Capitol Hill.

A breakout above the July 18 all-time high of $3.6629 could enable the bulls to target $4 level. A sustained move above $4 may bring the $5 mark into play. Conversely, a drop below the crucial $3.4 support level could signal a fall toward the $3 level.

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

BTC Snaps Three-Day Losing Streak

While XRP advanced on anticipation of a shift in supply-demand dynamics, bitcoin (BTC) ended its three-day losing streak. Several key drivers boosted BTC demand, including:

• On July 21, MicroStrategy (MSTR) announced a purchase of 6,220 BTC for ~$739.8 million at ~$118,940 per bitcoin. As of 07/20/2025, the firm hodls 607,770 BTC acquired for ~$43.61 billion at ~$71,756 per bitcoin.
• A 12-day BTC-spot ETF inflow streak, with total net inflows of $6,113.1 million.
• Speculation about the US Government planning to acquire BTC as a strategic reserve asset. The Presidential Working Group in Digital Asset Markets is set to release its first Crypto Policy Report on July 22.
• US legislative developments: Regulatory clarity could boost retail and institutional demand.

US BTC-Spot ETF Market Streak Hinged on IBIT Flows

The US BTC-spot ETF market extended its inflow streak to twelve sessions on July 18. However, a 13-day inflow streak hinges on BlackRock’s (BLK) iShares Bitcoin Trust (IBIT). IBIT has reported total net inflows of $4,552.5 million in July. According to Farside Investors, key flow trends for July 21 included:

• ARK 21Shares Bitcoin ETF (ARKB) reported net outflows of $77.5 million.
• Grayscale Bitcoin Trust (GBTC) saw net outflows of $36.7 million.
• Fidelity Wise Origin Bitcoin Fund (FBTC) had net outflows of $12.8 million.

With iShares Bitcoin Trust flow data pending, total US BTC-spot ETF outflows reached $131.4 million.

BTC Price Outlook: CLARITY Act, Working Group Report, and Spot ETF Flows in Focus

BTC rose 0.13% on July 21, partially reversing Sunday’s 0.48% loss to close at $117,398.

The near-term price outlook depends on several crucial drivers. These include the CLARITY Act’s progress on Capitol Hill, Strategic Reserve Asset-related developments, and spot ETF flow trends.

Potential scenarios:

• Bearish Scenario: Legislation setbacks, silence on building the US government’s BTC stockpile, hawkish Fed cue, and ETF outflows. A combination of these may push BTC toward $115,000, potentially bringing the 50-day Exponential Moving Average (EMA) into play.
• Bullish Scenario: CLARITY Act’s progress, recommendations to increase the US government’s BTC holdings, dovish Fed cues, and ETF inflows. Under these scenarios, BTC could target the all-time high of $122,057.

What to Watch

Investors should closely monitor the key drivers, which could dictate 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: The CLARITY Act’s 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.