Altcoins
Here’s When XRP Price Is Expected to Surge
Crypto markets are bloodied! This week’s brutal sell-off has sent altcoins tumbling, with once-favorite XRP falling below the critical $0.50 mark.
Although XRP has suffered an 11% decline this week alone and Bitcoin has not escaped unscathed, some analysts are predicting a potential turnaround for XRP in July.
Read on to find out why XRP is at a crossroads and what the coming weeks may hold for this controversial coin.
Exchange rate risk Technical Analysis
Currently trading at $0.4354 in a prevailing downtrend, XRP is under scrutiny. The Ripple Effect, a well-known XRP commentator, has highlighted a critical technical pattern: the breakout of a significant triangle formation on the XRP price chart. According to this analysis, a weekly close around $0.42 could trigger a sharp sell-off.
The commentator suggests potential buying targets at $0.12-0.14 and $0.07-0.08, proposing these levels as attractive entry points ahead of an expected price rally between 2026 and 2030.
Impact of Ripple vs SEC Case
Since the lawsuit began in 2020, XRP’s price has been significantly impacted by ongoing debates over its classification as a security. A pivotal moment occurred last July, when XRP was deemed not to be a security, sparking market optimism. However, the case is now in the resolution phase and could extend into mid-2026, potentially delaying any substantial price rally until the legal ambiguity is resolved.
The latest update indicates that a jury will soon make a decision on the status of XRP.
Market Forecast
The Ripple Effect predicts that the case could potentially drag on until July 2026, which could impact XRP’s price trajectory. However, Ripple CEO Brad Garlinghouse is optimistic, suggesting that the case could conclude by the end of this year, with some industry insiders predicting a ruling as early as this month.
The resolution of the case is expected to trigger a significant increase in XRP prices, underscoring the need for investors to be patient.
Pro-XRP lawyer Fred Rispoli predicts that Judge Torres could issue a summary judgment in the SEC case against Ripple by the end of this month. After three years, a resolution seems imminent, with Ripple’s recent filings bolstering their position. The XRP community eagerly awaits a verdict by July 31, although Rispoli humorously suggests a possible outcome by July 13.
Understanding Market Sentiment
In a surprising development, XRP has seen a notable transfer of 37.39 million tokens, worth approximately $16.06 million, from a major holder to Bitstamp, a major cryptocurrency exchange. This substantial whale dump suggests a potential decline in bullish sentiment regarding the resolution of the SEC case.
Despite the overall cryptocurrency market downturn, this whale move could be a strategic response to mitigate potential losses. XRP is currently trading at $0.4355, reflecting a slight increase of 0.68% over the past 24 hours.
Hold or Fold? The next few weeks could be decisive for XRP. Stay tuned!