5 Things to Watch in XRP After 70% July Surge

News

TL;DR

XRP increased by 70% in July 2025 after a slow start to the year. This move followed a major breakout in November 2024 that resulted in a 585% price gain. XRP traded at $3 at press time, with a 2% gain in the past 24 hours. Over the last seven days, the price has dropped by just over 4%.

Crypto analyst Crypto King has pointed out that the XRP price broke out of a long-term downtrend that lasted from July 2023 through late 2024. After a brief correction, the token began moving upward again recently. The analyst has set a price target of $7. If reached, this would represent a gain of more than 150 percent from the current price.

$XRP has been proving its place in the market for a long time.

It stayed in a downtrend from July 2024 to November, but after that, it broke out and gave a strong return of about 585 percent.

The first two quarters of 2025 were again slow, but after the July breakout, $XRP has pic.twitter.com/r8dqNuHDUp

Crypto King (@CryptoKing4Ever) August 6, 2025

Recent data from CryptoQuant shows that XRP exchange reserves fell from around 3.02 billion to 2.3 billion between July 24 and August 7. This shows that a large number of tokens have been withdrawn from the platform.

In fact, traders often transfer assets off exchanges when they intend to hold for a longer time. A lower supply on exchanges may lead to less selling pressure.

At the same time, the NVT ratio for XRP rose sharply. In the past 24 hours, it climbed 44% to reach 225. This metric compares the market value of a token to the volume of on-chain transactions. A high reading can mean that market value is growing faster than network activity. While price moved up, the actual usage of the token on the network showed less growth.

Source: CryptoQuant

Ripples ongoing legal case with the United States Securities and Exchange Commission may be nearing a final decision. The SEC is expected to respond to the company’s request to withdraw its appeal at 03:00 UTC on August 7. A broader ruling could follow by mid-August. If the appeal is dropped, XRP could gain full legal clarity in the United States.

A ruling in Ripples favor would also unlock $125 million currently held in escrow. The firm would be allowed to restart its full-scale operations, and more than 1,700 contracts could be released to the public.

Meanwhile, SBI Holdings has applied to launch an XRP exchange-traded fund. Reports suggest that businesses may be planning up to $1 billion in XRP purchases for treasury use.

Articles You May Like

When Will The Bitcoin Correction End? The Support Level That Holds The Key
This Level Could Be Bitcoin’s Hidden Trap Where Volatility Erupts
Ethereum Price Battles Key Levels Will Buyers Step Back In?
Over 56 Million Whale Trades on Binance, Is Bitcoin Headed for Another Correction?
Solana (SOL) Poised for Move Can It Clear This Barrier?