1. Whale movements indicate increasing optimism
In a notable development, reports from platform X indicate that a "crypto whale" purchased 19 million units of XRP worth $61 million in a single transaction through Upbit. This activity from large investors reflects an increasing confidence in XRP's potential, especially after recent positive developments in the market. Such large transactions are often an indicator of bullish expectations, as investors bet on a potential rise in prices.
2. The price stabilizes above the key support level at $3
According to recent analysis from Invezz, the price of XRP has stabilized around the $3 level after a recent decline of 3.6%. Despite this pullback, the currency has maintained its important psychological support at $3, reinforcing optimism for a potential rise if market conditions improve. Analysts point out that closing XRP above the daily resistance level at $3.40 could open the way for surpassing the recent high of $3.66 and possibly reaching new historical levels. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support this bullish bias.
3. Ending the legal battle with the SEC boosts optimism
One of the most significant developments affecting XRP recently is the conclusion of the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). Ripple's CEO, Brad Garlinghouse, announced that the company would not seek a joint appeal in the case, indicating a final settlement. This decision paves the way for a potential XRP ETF launch, with Nate Geraci, president of THE ETF Store, noting the possibility of participation from major firms like BlackRock. Ending this dispute removes one of the biggest obstacles to XRP adoption in the U.S., which could boost institutional demand.
4. New strategic partnerships support XRP growth
VivoPower announced the selection of a Ripple subsidiary as a strategic partner to support its digital asset management and cryptocurrency mining strategy. This partnership enhances XRP's position as a reliable financial tool in the institutional sector. Ripple is also continuing to expand its presence in global markets, having applied for a MiCA license in Europe to bolster its operations on the continent. These steps reflect Ripple's commitment to expanding the use of XRP in cross-border payments.
5. Launch of XRP ETF funds in Canada boosts confidence
In Canada, Purpose Investments and 3iQ launched two XRP ETFs on the Toronto Stock Exchange. Purpose announced a waiver of management fees until February 2026, making the fund attractive to investors. These developments indicate increasing institutional interest in XRP, especially after the settlement with the SEC, enhancing the potential for wider adoption of the currency.
6. Price forecasts: Potential rise or correction?
Analysts expect a potential price increase for XRP between July and September 2025, with targets ranging from $3.70 to $10, especially if the price can break through the resistance level at $2.40. However, there are warnings of a potential correction if the price fails to maintain upward momentum, with support levels at $2.99 or even $2.73.
7. Market analysis and future forecasts
Reports suggest that XRP is experiencing renewed momentum thanks to increasing institutional inflows and futures trading volume reaching about $4 billion. This momentum is also supported by expectations of interest rate cuts by the Federal Reserve, which could boost the cryptocurrency market overall. However, some analysts warn of volatility risks, especially with the focus of new investors potentially leading to sharp corrections if profit-taking begins.
Future Vision
As an investor interested in XRP, the currency appears to be in a promising transitional phase. The end of the dispute with the SEC and the increase in institutional partnerships, such as with VivoPower, enhance growth potential. However, attention should be paid to potential market volatility, especially with key resistance levels at $3.40. If you are considering investing or increasing your holdings, it may be wise to monitor legal developments and price movements around these levels. Activating alerts on platforms like Investing.com can help you stay informed of any changes.
🌟Final Advice
XRP remains one of the most closely followed cryptocurrencies thanks to its innovative technology and Ripple's global partnerships. However, as with any investment, remember that the cryptocurrency market is highly volatile. Conduct your own research and consider consulting a financial advisor before making investment decisions.