Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate on July 9, 2025, marking a significant shift from legal battles to leading policy discussions. His testimony emphasizes that XRP is not a security, highlighting that Ripple holds over 60 global licenses and that U.S. crypto policy is driving innovation offshore. With the hearing titled “From Wall Street to Web3,” Garlinghouse urges Congress to act, stating, “Money should move like information and XRP is the key.” This event places XRP at the center of crypto legislation debates, signaling a major turning point for Ripple.

Speculation is mounting that the SEC could announce the end of its case against Ripple this Saturday. If this happens, analysts believe it could signal a coordinated shift, including Fedwire adopting Distributed Ledger Technology (DLT) alongside ISO20022 standards. Such a move would align the U.S. financial infrastructure with blockchain-based systems, potentially positioning XRP at the core. Market watchers say this could lead to a massive price breakout for XRP, driven by utility, clarity, and institutional confidence. If true, XRP may soon reach levels the market hasn’t yet imagined.

Trump’s Truth Social is reportedly applying to launch a “Crypto Blue Chip ETF,” featuring XRP, Bitcoin, Ethereum, and Solana. This marks a dramatic shift in U.S. political alignment with crypto, especially XRP, which has long faced regulatory pressure. The move could legitimize XRP on Wall Street, offering institutional access and reshaping its narrative. Combined with Ripple’s push for a national bank charter and growing real-world XRPL utility, the ETF may open the door to broader adoption. As power circles embrace XRP, analysts warn its price may not stay retail-level for long.

The cryptocurrency market has seen significant developments surrounding Ripple (XRP) and its associated legal and regulatory landscape. The SEC’s recent rule changes aim to cut the number of spot crypto ETF approvals by 69%, indicating a more stringent regulatory environment. However, this move is seen by some as a strategic effort to suppress the XRP price, given the ongoing legal battle between Ripple and the SEC.

The Ripple vs. SEC lawsuit has been a focal point for XRP investors, with the Senate recently spotlighting the case. This legal battle has had a profound impact on XRP’s price, which has shown renewed bullish traction this week. XRP climbed to $2.30, backed by strong on-chain metrics, favorable technical indicators, and growing institutional interest. After consolidating for over a month, XRP has rallied more than 20% over the last 16 days, sparking renewed confidence in a potential move toward the much-anticipated $3.40 target.

The recent surge in XRP’s price comes after weeks of tight-range trading and signals a potential breakout. XRP is now showing firm support in the $2.25–$2.26 zone, an area that has consistently absorbed sell pressure and helped fuel the current upward momentum. A key resistance zone has formed between $2.33 and $2.38, which traders are watching closely. A clean break above this band could pave the way for further gains toward $3.04, and ultimately the $3.40 target, if bullish momentum sustains.

Several technical factors support the bullish XRP price prediction. The MACD recently flashed a golden cross for the first time since May, suggesting a shift back to mid-term bullish momentum. Meanwhile, the Relative Strength Index (RSI) has reclaimed the neutral 50 level, indicating strengthening buying pressure. However, repeated daily closes below the 170-day trendline and a looming gravestone doji suggest a potential downside reversal.

Institutional support and regulatory developments are also fueling confidence in XRP. The addition of XRP into Grayscale’s Digital Large Cap Fund and Ripple’s pursuit of a US national bank charter are seen as significant milestones. If successful, Ripple would be permitted to operate as a federal-regulated trust bank, further tightening the integration of its services with traditional finance and cementing the long-term case for Ripple XRP usage in cross-border payments.

The ongoing positivity regarding XRP spot ETF approvals is another key factor. Ten XRP ETFs are pending approval by the SEC, with a likely announcement within October 2025. Approvals of such ETFs would unlock a wave of institutional fund inflows, potentially further increasing the XRP price projection for 2025. Analysts are largely optimistic about XRP’s trajectory, predicting that if it can hold above the $2.25 support area, XRP would push towards intermediate resistance at $2.69 and $3.04, before taking on the longer-term target at $3.40. In a longer-term bull story, technical targets via Fibonacci extensions point to the possibility of a rally to $4.36, nearly a 90% rise from here. However, traders caution that momentum will have to be supported by either a regulatory spark like ETF approval or a significant rise in institutional demand.

The combination of positive technical patterns, growing institutional support, and long-term holder conviction is positioning XRP for a potentially explosive move. With regulatory clarity improving and the Ripple vs. SEC court saga largely behind it, XRP is emerging as one of the most structurally bullish assets in the current crypto cycle. Whether it reaches $3.40 or beyond may depend on how quickly the next wave of capital arrives—and how resilient buyers remain in the face of volatility.