XRP has surged past $3 for the first time in years, driven by rumors of a potential SEC vote to dismiss its lawsuit against Ripple Labs. A closed-door meeting scheduled for July has sparked speculation, though legal experts advise caution. Former SEC lawyer Marc Fagel emphasized that the agenda remains confidential, and any claims about its contents are purely speculative. This development has reignited Optimism among XRP investors, but the market remains cautious pending official confirmation.
XRP News: Will Ripple vs SEC End This Thursday?
XRP surged past $3 for the first time in years amid rumors of a potential SEC vote to dismiss its lawsuit against Ripple Labs. A closed-door meeting scheduled for July has fueled speculation, though legal experts caution against premature conclusions.
Former SEC lawyer Marc Fagel noted that while a resolution may be imminent, the agenda remains confidential. "Anyone claiming to know what’s on the agenda is speculating," he said. The token has gained nearly 60% in the past month, driven by market optimism.
XRP Breaks Key Resistance, Analysts Predict Major Rally to $38
XRP has surged past the $2.6 resistance level, a barrier that held firm since March, accompanied by significant trading volume. The altcoin briefly tested $3 before retreating, yet whale accumulation data suggests confidence in further upside.
Technical analyst Gert van Lagen highlights a 7-year double bottom and ascending triangle pattern, historically reliable indicators of bullish breakouts. His chart analysis projects a parabolic MOVE toward $38, citing precedent where similar patterns yielded 2x their initial targets.
Regulatory tailwinds bolster the case: the SEC's approval of ProShares' Leveraged XRP ETF has injected optimism into the market. The $2.6 zone now acts as a fair value gap, likely attracting buyers during retracements.
XRP Futures Volume on CME Hits Record $235 Million as Institutional Demand Grows
CME Group's XRP futures market is gaining traction among sophisticated investors, with trading volume reaching a record $235 million on Friday. The payments-focused cryptocurrency has seen cumulative trading volume hit $1.6 billion since its May 19 launch, according to CME Active Trader data.
The surge reflects growing institutional interest in regulated crypto derivatives. CME's Bitcoin and ether futures are already established as benchmarks for professional market participation. XRP contracts come in two sizes: standard (50,000 XRP) and micro (2,500 XRP), catering to different investor profiles.
Ripple, the company behind XRP's cross-border payment technology, is pursuing regulatory approvals on both sides of the Atlantic. The firm has applied for a U.S. banking charter and is reportedly seeking a MiCA license to expand its European operations.
Ripple and Ctrl Alt Partner to Tokenize Dubai Real Estate on XRP Ledger
Ripple has entered a strategic partnership with UAE-based tokenization platform Ctrl Alt to digitize Dubai's real estate market. The collaboration will leverage Ripple's institutional custody services to store tokenized property title deeds issued by the Dubai Land Department on the XRP Ledger (XRPL).
Ctrl Alt, recently authorized by Dubai's VIRTUAL Assets Regulatory Authority (VARA), will use Ripple's infrastructure for secure storage and lifecycle management of fractionalized real estate assets. This move aligns with Dubai's government-led initiative to modernize property ownership through blockchain technology.
The partnership follows Ripple's growing presence in the Middle East, including its DFSA license approval and recent collaborations with Zand Bank and Mamo. The company has also secured approval for its RLUSD stablecoin within the Dubai International Financial Centre.
XRP Surges 27% in a Week, Reclaims Third-Largest Crypto Spot
XRP has demonstrated remarkable performance in 2025, trading at $2.96 as of July 14—a 27% weekly gain—with its market capitalization soaring to $164 billion. The resurgence cements its position as the third-largest cryptocurrency, fueled by strong institutional interest and speculative momentum. Open interest nearing $7.2 billion underscores this trend.
Institutional adoption has accelerated since May, when CME Group launched cash-settled XRP futures, including micro-contracts for broader accessibility. Whale wallets holding at least 1 million XRP reached a record 2,743 addresses, controlling over 40% of the circulating supply. ProShares’ upcoming XRP futures ETF, set to debut on July 18, marks a watershed moment as the first U.S.-regulated XRP derivatives product. Eleven asset managers, including Grayscale and Franklin Templeton, have filed for similar ETFs.
Regulatory clarity has further bolstered confidence. The SEC’s dismissal of its securities lawsuit against Ripple removed a longstanding overhang. President Trump’s endorsement of XRP’s inclusion in a U.S. digital asset reserve and his public call for ETF approval added political tailwinds. Ripple’s global infrastructure expansion continues to drive utility, with technical indicators now eyeing a decisive breakout above the $3 resistance level.
Best Crypto to Buy Today: XRP Poised for 60% Rally
XRP surged nearly 25-26% in the week ending July 13, marking its strongest weekly performance since November. The rally appears driven by aggressive whale accumulation and a rare technical pattern. Veteran chartist Peter Brandt identified a "compound fulcrum" setup, suggesting a potential 60% rally to $4.47.
On-chain data reveals wallets holding over 1 million XRP reached record highs, controlling 47.3 billion coins—a 2.2 billion increase since early July. The Net Unrealized Profit-Loss metric indicates XRP is in a "belief-denial" phase, signaling sustained bullish sentiment without panic selling.
Technical analysis points to a critical support level at $1.80. A breakout could propel XRP toward the $4.40-$4.47 range, with some analysts targeting $4.35-$4.40 by month-end. The upcoming ProShares XRP futures ETF, launching July 18, adds further momentum to the bullish case.
