XRP $3 Moment of Truth: Can Buyers Regain Price Control?
XRP surged to a new record high in July, buoyed by crypto regulatory developments, and ETF optimism, but profit-taking and whale...
Quick overview
- XRP surged to an all-time high of $3.65 in July, driven by positive regulatory news and increased institutional interest.
- Profit-taking and significant whale activity have since brought XRP's price back near the crucial $3 threshold.
- Market sentiment remains cautious as traders await developments in Ripple's ongoing legal battle with the SEC.
- SunnyMining has introduced a cloud mining service for XRP holders, providing a new way to earn passive income.
XRP surged to a new record high in July, buoyed by bullish sentiment, crypto regulatory developments, and ETF optimism, but profit-taking and whale activity have brought price levels back near the crucial $3 threshold.
XRP Breaks Out Amid Crypto Tailwinds
Ripple’s XRP posted a dramatic rebound in July, rallying nearly 90% from its June lows to an all-time high of $3.65, fueled by renewed enthusiasm in the broader cryptocurrency market. The rebound was driven by a confluence of supportive news: optimism surrounding regulatory clarity, positive statements from the U.S. Securities and Exchange Commission (SEC), and a broader institutional push into crypto services. XRP’s performance stood out against the backdrop of a bullish July for crypto assets, with Bitcoin also notching fresh highs before cooling off.
After months of sideways trading, XRP found strong footing around the $1.90–$2.00 range, quietly accumulating strength even as overall market sentiment remained cautious. That foundation set the stage for a fast-moving breakout in late June, with XRP smashing through the psychologically key $3.00 level, briefly pulling back, and then accelerating toward its new peak in early July.
SEC Reassurances and Institutional Adoption Spark Optimism
A major tailwind came from SEC Commissioner Caroline Crenshaw, who clarified that recent delays in the approval process for an XRP spot ETF were procedural and not rejections. The comments helped ease market fears, particularly as chatter around regulatory alignment gained momentum. Around the same time, a joint announcement from the Federal Reserve, FDIC, and OCC that U.S. banks could now offer crypto custody services gave institutional investors the green light to increase exposure, further accelerating XRP’s rally.
Price Reversals Follow Whale Movements and Sentiment Shift
However, the bullish momentum began to fade this week as Bitcoin slipped back to $111,000 and XRP retreated toward the $3.00 level. Monday’s attempt to revisit the highs failed to hold, despite XRP reaching $3.64 intraday. The drop coincided with alleged large-scale transfers from Ripple co-founder Chris Larsen, who reportedly moved over $140 million worth of XRP to exchange-linked wallets beginning on July 17. This included 50 million XRP, split across known trading platforms and new wallets with no prior transaction history, raising concerns about potential selling pressure.
Legal Developments and August Outlook
With August 15, 2025, looming as the next key date in Ripple’s ongoing legal standoff with the SEC, traders remain highly sensitive to news flow. Former SEC attorney Marc Fagel weighed in, suggesting that a resolution may still take one to two months, even after a key ruling. Nonetheless, the market remains hopeful for a settlement, which could remove a long-standing overhang on XRP’s valuation.
SunnyMining Launches XRP Cloud Mining Solution
In parallel with XRP’s price action, SunnyMining has launched a new remote cloud mining service tailored for XRP holders. Users can activate mining by depositing XRP without needing specialized hardware, offering an alternative form of passive income. Rewards are distributed daily, giving idle tokens a new utility dimension.
Outlook: XRP now hovers just above the $3.00 line—a level that has become both a psychological and technical battleground. A sustained hold above this mark could reignite upward momentum toward new highs, while a break lower risks returning XRP to its previous $2.00–$3.00 range. With macro and legal headlines set to dominate August, XRP’s next move may depend more on Washington than Wall Street.
Ripple XRP Live Chart
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