XRP’s Pivotal Moment: Senate Hearing Could Shape Future as Digital Commodity

On July 9, 2025, the US Senate Banking Committee will host a landmark hearing titled 'From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,' featuring Ripple CEO Brad Garlinghouse among key industry leaders. This event is poised to address critical regulatory questions surrounding XRP, with potential implications for its classification as a 'digital commodity' under CFTC oversight. Market participants are closely watching for clarity that could catalyze XRP's next major price movement and institutional adoption.

Something Big Is Coming For XRP On July 9—Here’s Why It Matters

The US Senate Banking Committee is set to host a pivotal hearing titled 'From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets' on July 9. Ripple CEO Brad Garlinghouse will testify alongside key industry figures, sparking speculation about regulatory clarity for XRP.

The hearing could determine whether certain tokens, including XRP, are classified as 'digital commodities' under CFTC oversight rather than securities regulated by the SEC. This comes as Ripple withdraws its cross-appeal in the SEC case, signaling potential resolution of the long-running legal battle.

Market participants view this as a watershed moment for XRP, with Judge Torres' 2023 ruling on secondary market sales potentially serving as precedent. The outcome may reshape the regulatory landscape for digital assets in the United States.

XRP Breaks Out Above Key Moving Averages, Eyes $2.50 Target

XRP has surged past its 50, 100, and 200-day exponential moving averages, signaling a potential shift in momentum after months of stagnation. The breakout from a recent compression zone suggests a new directional trend may be forming, replacing the choppy trading that dominated much of Q2 2025.

An ascending triangle pattern has emerged, with buyers consistently stepping in at higher lows. The Relative Strength Index (RSI) sits at 57, well below overbought territory, indicating room for further upside. However, the $2.50 level looms as a critical resistance zone—a historical reversal point that could trigger profit-taking.

Volume remains the linchpin. While buying activity has improved, XRP lacks the decisive surge needed to confirm bullish conviction. Sustained participation could pave the way to $2.50; fading volume risks another false breakout.

Ripple’s Escrow Strategy Signals Massive XRP Release Over Next 6–10 Years

Ripple’s longstanding XRP escrow program may be entering its final phase, with analysts projecting a full unlock of the remaining 36.4 billion XRP within six to ten years. The current release rate of 300 million XRP monthly WOULD deplete the escrow in a decade, but accelerated strategies could shorten the timeline significantly.

A shift to 400 million XRP monthly releases starting in 2026 would exhaust reserves in 7.5 years. More aggressive approaches—adding 100 million XRP annually to monthly unlocks—could empty the escrow in just six years. This impending supply influx carries profound implications for XRP’s market dynamics and price trajectory.

While Ripple maintains that escrow releases bolster ecosystem liquidity, investors are scrutinizing potential supply-side pressures. The company’s global expansion and evolving U.S. regulatory landscape may further influence the timing and scale of future XRP distributions.

XRP Price Nears Critical Breakout as Analysts Eye $2.6 Target

XRP is showing signs of a potential bullish breakout as it approaches the completion of an inverse head and shoulders pattern. The cryptocurrency has gained 2.5% in the last 24 hours and nearly 7% over the past week, currently trading at $2.33.

Analyst Ali Martinez highlights the $2.35 level as a key resistance point, with a sustained break above potentially propelling XRP toward $2.6. The pattern's confirmation could trigger significant upside momentum, though previous attempts to breach this level have faltered.

Other market observers are even more optimistic, suggesting short-term targets as high as $2.69 if XRP can decisively clear the $2.4 barrier. The coming days will test whether the digital asset can capitalize on its recent upward trajectory.