The Senate Committee on Agriculture, Diet, and Forestry has now slated a market construction listening to on Tuesday, July 15, titled ‘Stakeholder Views on Federal Oversight of Digital Commodities.’
The total Home will think about the CLARITY Act, often known as the Digital Asset Market Readability Act of 2025 (H.R.3633), subsequent week, dubbed ‘Crypto Week’.
Will the SEC Vote to Drop Ripple Case Attraction?
Investor focus will return to the Ripple case on Thursday, July 10. The SEC is about to carry its second closed assembly since Decide Analisa Torres rejected the events’ second movement for an indicative ruling on settlement phrases. A vote in favor of withdrawing the attraction towards the Programmatic Gross sales of XRP ruling would allow Ripple and the SEC to file motions to dismiss with the US Courtroom of Appeals and resolve the case.
The shifting regulatory panorama and optimism over the SEC’s potential withdrawal boosted XRP demand. Forward of the July 9 shut, Market Intelligence platform Santiment remarked:
“XRP’s market worth has hit a 7-week excessive, crossing above $2.39 for the primary time since Could twenty third. What to observe for are the rising quantity & collective balances of whales holding no less than 1M XRP. There are presently 2,742 wallets holding no less than 1M XRP, one off from yesterday’s all-time excessive of two,743. Moreover, these 1M+ wallets collectively maintain 47.32B XRP, as they proceed to point out confidence within the #4 market cap’s future.”
XRP Worth Outlook: Laws, SEC Attraction Vote, and ETF Headlines
XRP rallied 4.03% on Wednesday, July 9, following Tuesday’s 1.74% acquire, closing at $2.4056. The token outperformed the broader crypto market, which superior 2.64%, lifting the whole crypto market cap to $3.42 trillion.
XRP’s near-term value outlook hinges on the SEC’s attraction vote, the CLARITY Act’s progress, and US XRP-spot ETF developments.
A breakout above the July 9 excessive of $2.4285 might open the door to retesting the Could excessive of $2.6553. A sustained transfer via $2.6553 might allow the bulls to focus on $3 and the 2025 excessive of $3.3999.
Conversely, a drop beneath $2.3 might expose the 50-day EMA and probably the essential $2.2 help degree.
