XRP Primed for $3.40 Surge as SEC Decision Looms – Bulls Take Charge

XRP's moment of truth arrives as regulators prepare to vote—and traders are betting big.

The sleeping giant awakens

After years of regulatory purgatory, XRP's chart is printing the most bullish pattern since its 2018 ATH. Whales accumulated 120 million tokens last week alone—someone knows something.

SEC showdown incoming

Thursday's vote could either validate XRP as the compliance champion or send lawyers scrambling (again). Either way, volatility guarantees paydays for nimble traders.

Wall Street's watching

Traditional finance still scoffs at 'magic internet money'—while quietly building positions through OTC desks. The $3.40 target? Just a pitstop if institutional FOMO kicks in.

Remember: the 'smart money' usually front-runs the news. And nothing moves markets like regulators pretending they understand blockchain.

Ripple Drops Cross-Appeal, Raising Odds of SEC Withdrawal

Much of the current xrp price momentum comes after Ripple voluntarily dropped its cross-appeal in the SEC lawsuit. The move, seen as a strategic signal of cooperation, followed Judge Analisa Torres’ rejection of a joint motion that would have included a reduced penalty and lifted restrictions on XRP institutional sales.

While Judge Torres declined to endorse the settlement, Ripple’s decision to abandon its cross-appeal has renewed investor belief that the SEC may follow suit. If the Commission reveals on July 17 that it is dropping the appeal, it could bring an official close to the years-long legal battle.

Such a resolution WOULD remove a major overhang on XRP and clear the path for further regulatory clarity, potentially triggering a bullish breakout past the 2025 high of $3.3999 and towards the all-time high of $3.5505, last seen in 2018.

XRP in the Spotlight During Crypto Week

The Ripple case is not the only factor supporting XRP’s bullish outlook. Legislative developments in Washington are adding to market optimism. During a July 9 Senate Banking Committee hearing, Ripple CEO Brad Garlinghouse strongly advocated for regulatory clarity, urging lawmakers to pass the Digital Asset Market Clarity (CLARITY) Act.

Garlinghouse used the platform to highlight inconsistent enforcement by the SEC and emphasized the need for defined roles for both the SEC and CFTC in regulating crypto markets. The CLARITY Act aims to establish that framework and also includes consumer protection measures, such as prohibiting the commingling of customer assets—one of the failures that led to FTX’s collapse.

This week, dubbed “Crypto Week” by analysts, the House is set to vote on three critical bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. Additionally, the SEC may unveil a framework for crypto-spot ETFs, which could fast-track approval for an XRP-spot ETF—another potential catalyst for XRP price gains.

XRP Price Prediction: What’s Next?

XRP has posted strong gains, rising from $2.0692 on July 6 to a recent high of $2.9727 on July 11. It remains one of the top-performing assets in the crypto market, buoyed by legal optimism and legislative momentum.

For the bulls, a breakout above $2.9727 would open the path to retesting the 2025 peak of $3.3999. If that level is surpassed, XRP could challenge its all-time high at $3.5505. A sustained MOVE above $3.40 would mark a significant technical and psychological breakthrough for the token.

However, the bullish case is not without risk. If the SEC delays or decides not to withdraw its appeal, or if the expected crypto legislation stalls in Congress, XRP may face renewed selling pressure. A drop below $2.50 could trigger a retest of the $2.40 level and expose the 50-day EMA as the next major support.

Key Levels to Watch:

• Resistance: $2.9727, $3.3999, $3.5505

• Support: $2.50, $2.40, 50-day EMA

Broader Crypto Market: Bitcoin Hits New All-Time High

While XRP is gaining ground, Bitcoin (BTC) also made headlines by hitting a new all-time high of $121,209 on July 14. Weekly net inflows into BTC spot ETFs reached $2.718 billion, reflecting continued institutional demand. The market is also pricing in a potential Fed rate cut in September, adding fuel to the rally.

Bitcoin closed at $118,625 on July 13, up 1.72% on the day. Analysts believe favorable legislation, a dovish Fed, and sustained ETF inflows could push BTC above $120,000 in the NEAR term. Conversely, negative surprises on any of these fronts could drive BTC back toward $110,000.

Final Thoughts

XRP’s recent surge is the result of a powerful combination of legal developments, policy clarity, and market momentum. As the SEC’s July 17 meeting looms and crypto bills move through Congress, the coming days could prove pivotal for the XRP price prediction.

A favorable resolution to the Ripple case and positive legislative progress could push XRP into uncharted territory for 2025—potentially surpassing $3.40 and challenging its all-time high.