Quick overview

Live XRP/USD Chart

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XRP was notably absent from the White House’s recent digital asset report, which emphasizes major tokens and regulatory frameworks. The report frequently references Bitcoin and Ethereum. Bitcoin, Ethereum, Solana, Chainlink, and Uniswap are extensively covered in the 166-page digital asset policy report.

Bitcoin leads with 129 mentions, underscoring its key role in the crypto space.

The report emphasizes Bitcoin’s core technology by mentioning Satoshi Nakamoto 36 times and discussing proof-of-work consensus 12 times. Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which highlights advancements in blockchain connectivity, is noteworthy. Ethereum and Solana are well-known smart contracts that support decentralized applications.

The company Ripple is mentioned twice, but the XRP token is not mentioned at all.

Ripple (XRP) has maintained support above $3 amid a hawkish stance from the U.S. Federal Reserve (Fed). Investors are analyzing Jerome Powell’s remarks during a press conference to gauge the Fed’s potential course of action following its decision not to change interest rates in July. Powell stated that regarding any possible policy shift in September, the central bank has “made no decisions.” He emphasized the need to support long-term inflation expectations and prevent a one-time price level increase from turning into a persistent inflation issue

Currently, XRP is trading sideways within the support range of $3 bandwidth. Bulls seem committed to initiating a trend reversal, targeting the record high of $3.65 reached on July 18, despite a decline in futures open interest and trading volume.

In related news, the task force led by U.S. President Donald Trump is set to publish a policy report on virtual assets. This report will address several critical topics affecting the digital asset sector, including the White House’s stance on tokenization and U.S. dollar-pegged stablecoins, as well as broader market regulation.