XRP news today centers on a possible game-changing decision from the SEC. On July 6, XRP broke a two-day losing streak. This move comes ahead of a potential SEC announcement that could end the long-running Ripple case.
The SEC’s earlier closed meeting on July 3 didn’t yield any public update. Some experts think the July 4 holiday might have delayed it. If the SEC votes to drop its appeal soon, XRP could rally sharply. All eyes now turn to the next closed SEC meeting on July 10, where key votes may happen.
The XRP community is hopeful that the SEC will vote to withdraw its appeal. If approved, it would confirm XRP’s non-security status. That outcome could open doors for XRP-spot ETFs and speed up Ripple’s US growth plans.
So far, the SEC has supported easing restrictions. They’ve already backed lifting the ban on XRP sales to institutional investors. A full settlement would further validate the earlier ruling on XRP’s legal standing.
On Sunday, XRP rose 2.4%, closing at $2.2727. A move above $2.3275 could test the May high of $2.6553. Breaking past $2.6553 might lead XRP toward $3 and even challenge the 2025 high of $3.3999.
Still, if selling pressure builds, XRP might retest support around $1.9299, especially if it slips below its 50-day EMA.
Meanwhile, Bitcoin (BTC) is gaining strength. BTC closed at $109,229 on July 6, up for the second day in a row. Analysts say BTC demand remains bullish even after a large 80,000 BTC wallet movement.
Upcoming crypto legislation in the U.S. could further boost market confidence. The Senate Banking Committee will discuss crypto regulation this week. Clearer rules may end the SEC’s enforcement-heavy approach and attract more capital to digital assets.
BTC’s price could be influenced by several factors, including Fed policy signals, trade developments, and ETF flows. A bullish combination of these could push BTC toward its all-time high of $111,917. A bearish outlook, however, might drag BTC closer to $100,000.
In summary, both XRP and BTC are at pivotal points. Key developments like Ripple’s SEC appeal, crypto laws, ETF updates, and market signals will shape where prices go next.
Stay tuned for more XRP news today as the Ripple case nears its conclusion and the crypto market prepares for possible big moves.
