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 This shows that a large number of tokens have been withdrawn from the platform.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.