XRP Surges 6.2% Amid Legal Whisperings: Last-Minute Bull Run or Trap?

01 August 2025 | Crypto Pulse Update

The crypto market is holding its breath again—XRP just posted a sudden 6.2% surge in the past 12 hours, jumping from $0.582 to $0.618 amid whispers of a closed-door settlement update in the SEC vs Ripple lawsuit. Volume spiked 93% compared to the 7-day average, nearing $1.4B, while open interest rose by 11%, hinting at leveraged positions aligning with bullish expectations.

Unlike typical altcoin runs, XRP’s latest candle broke cleanly above its 50-EMA on the 4H chart for the first time since July 17, triggering short squeeze zones and flipping momentum indicators. RSI climbed to 72, confirming overbought conditions, while the Bollinger Bands widened rapidly—usually preceding high volatility events.

What’s Different This Time?

Unlike past speculative waves, this move is supported by abnormal whale movement. Over 270M XRP were moved off Binance and Coinbase in the last 8 hours, suggesting accumulation by large holders preparing for a potential legal catalyst. Glassnode data shows a 9-week low in exchange reserves for XRP.

Bot Strategy Zones (Next 72H):

Grid entries between $0.602–$0.628

Target profit zones: $0.644 and $0.659

Stop cluster rebalancing if price dips below $0.588

DAY-BY-DAY FORECAST:

Day 1: Likely sideways action at $0.61–$0.62 as whales reposition

Day 2: Intraday breakout attempt to $0.644 if legal rumor is confirmed

Day 3: Minor retrace to $0.607 if volume wanes

Day 4: Strong bounce potential on legal confirmation news

Day 5: Probable retest of $0.66 with market-wide uplift

This XRP breakout may be the ignition spark for late Q3 altcoin rotation. While legal outcomes remain uncertain, the market is clearly pricing in optimism ahead of facts.

#XRP #CryptoNews #AltcoinUpdate #MarketMomentum #WhaleAlert