{"id":86628,"date":"2025-08-07T08:30:30","date_gmt":"2025-08-07T08:30:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86628"},"modified":"2025-08-07T08:30:30","modified_gmt":"2025-08-07T08:30:30","slug":"5-things-to-watch-in-xrp-after-70-july-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86628","title":{"rendered":"5 Things to Watch in XRP After 70% July Surge"},"content":{"rendered":"

TL;DR<\/p>\n

Analyst Crypto King says XRP could reach $7, more than doubling from current price levels.
\nOver 700 million XRP tokens exited Binance in two weeks, reducing exchange selling pressure.
\nXRP\u2019s NVT ratio rose 44% in 24 hours, with value outpacing network activity on-chain.
\nRipple awaits SEC response that may settle XRP\u2019s legal status and unlock institutional operations.<\/p>\n

XRP Price Breakout and Analyst Target<\/h2>\n

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%.<\/p>\n

Crypto analyst Crypto King has pointed out that the XRP price<\/a> 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.<\/p>\n

$XRP<\/a> has been proving its place in the market for a long time.<\/p>\n

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.<\/p>\n

The first two quarters of 2025 were again slow, but after the July breakout, $XRP<\/a> has\u2026 pic.twitter.com\/r8dqNuHDUp<\/a><\/p>\n

\u2014 Crypto King (@CryptoKing4Ever) August 6, 2025<\/a><\/p>\n\n

Drop in Exchange Supply and Change in NVT Ratio<\/h2>\n

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 This shows that a large number of tokens have been withdrawn from the platform.<\/p>\n

\n<\/a>Source: CryptoQuant\n<\/div>\n

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.<\/p>\n

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.<\/p>\n

\n

<\/a>Source: CryptoQuant<\/p>\n<\/div>\n

Legal Ruling and Institutional Moves<\/h2>\n

Ripple\u2019s ongoing legal case with the United States Securities and Exchange Commission may be nearing a final decision. The SEC is expected<\/a> to respond to the company\u2019s 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.<\/p>\n

A ruling in Ripple\u2019s 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.<\/p>\n

Meanwhile, SBI Holdings has applied to launch an XRP exchange-traded fund. Reports suggest<\/a> that businesses may be planning up to $1 billion in XRP purchases for treasury use.<\/p>\n

The post 5 Things to Watch in XRP After 70% July Surge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analyst Crypto King says XRP could reach $7, more than doubling from current price levels. Over 700 million XRP tokens exited Binance in two weeks, reducing exchange selling pressure. XRP\u2019s NVT ratio rose 44% in 24 hours, with value outpacing network activity on-chain. Ripple awaits SEC response that may settle XRP\u2019s legal status and […]<\/p>\n","protected":false},"author":0,"featured_media":86629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86628"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86628"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86629"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}