XRP Hits $2.35, Then Dips as Senate Testimony Looms
The post XRP Hits $2.35, Then Dips as Senate Testimony Looms appeared on BitcoinEthereumNews.com.
TL;DR Ripple CEO to testify as lawmakers debate XRP’s future under SEC or CFTC oversight. The asset token forms a bullish inverse head-and-shoulders pattern with analysts predicting a 12% breakout. Court denies Ripple-SEC settlement; Senate hearing and Crypto Week may shape XRP’s classification. Garlinghouse Will Testify Before the Senate Ripple CEO Brad Garlinghouse is set to testify before the Senate Banking Committee on July 9. The hearing, titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” will explore how digital assets are traded and regulated in the United States. Garlinghouse confirmed his participation via X, stating he would speak on the need to pass legislation that defines crypto market structure. He will feature along with Summer Mersinger of Blockchain Association, Chainalysis co-founder Jonathan Levin, and Paradigm partner Dan Robinson. Lawmakers are expected to revisit key questions about oversight, including whether assets like XRP fall under the CFTC or SEC. I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Thank you to @BankingGOP Chairman @SenatorTimScott, @SenLummis and @SenRubenGallego (as leaders of the Subcommittee for… — Brad Garlinghouse (@bgarlinghouse) July 7, 2025 XRP Breakout Signals 12% Surge XRP’s price jumped to $2.35 between July 7 and 8 after a sharp rise in trading volume. More than 182 million XRP traded hands during the rally. The price later settled around $2.26, reflecting a slight 0.3% dip in the past 24 hours. Despite the retreat, crypto analyst Ali Martinez said on X, “$XRP is breaking out!” He noted that the token has formed an inverse head-and-shoulders pattern, often viewed as a bullish signal. Martinez said that this setup could lead to a 12% upside in the short term. $XRP is breaking out! pic.twitter.com/y5S8LdYgXG — Ali…
Filed under: News - @ July 8, 2025 11:25 am