After a months-long lull, XRP has returned to the spotlight — now trading above $3.50, with weekly gains exceeding 20%. The rally has sparked fresh hopes among holders, fueled by speculation over an SEC resolution and the long-anticipated arrival of a spot XRP ETF. But behind the bullish candles lies a cautionary tale: the legal fog isn’t cleared yet, and euphoria may be running ahead of fundamentals.
Despite Ripple’s decision to withdraw its cross-appeal in the ongoing SEC case, the Commission has yet to formally end its own. While a vote is expected in the coming days (possibly as soon as July 24), no final decision has been announced. Without closure, the regulatory shadow lingers — and the market knows it. After tagging a local high of $3.66, XRP quickly retraced, reflecting the nervousness under the surface.
Then there’s the ETF narrative. Many assume a spot XRP fund is “next in line” following Ethereum’s green light. But this assumption skips one key detail: there is no formal ETF filing yet, and the SEC hasn’t signaled any fast-tracking. Even if the case is dismissed next week, institutional adoption is not guaranteed.
On-chain activity and futures open interest suggest serious money is watching — maybe even preparing to enter. But history reminds us that XRP has often been a magnet for hype-driven cycles, with brutal reversals for latecomers.
What Should Investors Watch For?
SEC's next move: A clear dismissal of its appeal could unlock new bullish momentum. Any delay, however, risks triggering a wave of profit-taking.
Volume behavior: Sustained inflows above $8–9 billion daily may validate trend continuation. Weakening volume near resistance is a red flag.
Narrative vs. reality: The ETF buzz sounds promising — but until real filings and frameworks exist, it’s a hope trade, not a certainty.
Final Thoughts
XRP is hot again — no question. But the market is pricing in a victory that hasn’t been sealed yet. That makes this a trader’s market, not a passive holder’s paradise. If you’re in, tighten your risk, stay alert, and avoid emotional exposure. If you’re out, don’t chase; the best trades often come after clarity — not before it.
Sometimes, sitting still is the smartest move in a fast-moving market.