XRP ended a two-day losing streak on Sunday, July 6, as market participants turned their focus to an upcoming U.S. Securities and Exchange Commission (SEC) decision in the Ripple case.
On July 3, the SEC held a closed-door meeting, the first since Judge Analisa Torres rejected the joint motion from the SEC and Ripple requesting an indicative ruling on proposed settlement terms. Ripple also confirmed that it would drop its cross-appeal. However, no official statement followed the meeting, leaving XRP prices unchanged despite the legal developments.
Analysts believe the lack of communication may be due to the Fourth of July holiday period. If the Commissioners held a vote during the July 3 meeting, the SEC could announce a decision—possibly to withdraw its appeal—on Monday, July 8.
Next SEC Meeting Set for July 10
Attention is now shifting to the SEC’s July 10 closed meeting, where a formal vote could appear on the agenda. The focus will be on whether SEC Chair Paul Atkins and other Commissioners move to end the appeal process.
Previously, the SEC voted to lift the injunction that restricted Ripple from selling XRP to institutional investors. It also agreed to reduce Ripple’s penalty from $125 million to $50 million. However, the agency has not yet voted to officially withdraw its appeal, which remains a required step.
SEC Commissioner Caroline Crenshaw is expected to oppose any such vote, as she has voiced concerns that the settlement terms favor Ripple. According to legal observers, Ripple would not drop its cross-appeal unless the SEC also agreed to end its appeal process.
Case Resolution Could Open Door for XRP ETF
A formal end to the SEC v. Ripple lawsuit could establish several key legal outcomes:
It would reinforce the ruling that XRP’s programmatic sales do not constitute securities transactions.
It would confirm XRP is not a security under U.S. law.
It would also remove legal barriers to Ripple’s XRP sales to institutional investors.
These outcomes may also set the stage for an XRP-spot ETF market and support Ripple’s broader U.S. expansion.
XRP Weekly Chart Shows Falling Wedge Pattern With 362% Upside Toward $10.45
The XRP to US Dollar (XRP/USD) weekly chart, published on July 7, 2025, displays a clear falling wedge pattern forming after a major price rally earlier in the year. This chart uses Bitstamp data and was created with TradingView. At the time of the chart, XRP trades at $2.26, slightly down by 0.08% for the week.
A falling wedge is a chart pattern where price moves lower between two converging downward-sloping trendlines. Although the price appears to drop, the pattern often signals that buyers are gaining strength. A breakout above the upper trendline may trigger a sharp move to the upside.
In this case, XRP formed the wedge after a steep rally, followed by weeks of declining highs and lows. The candle structure stays above the 50-week Exponential Moving Average (EMA), which now stands at $1.85. This level continues to act as long-term support.
If the wedge confirms with a breakout, XRP could climb 362% from the current level and reach the target near $10.45. The chart marks this zone with a blue resistance line and an upward arrow. This projection comes from measuring the height of the wedge’s widest section and applying it from the breakout point.
Volume has remained steady, now at 762,560 XRP, while price action continues to compress. The candles also show higher lows forming within the wedge, which often signals weakening selling pressure.
As long as XRP holds above the 50-week Exponential Moving Average and breaks the wedge’s resistance, technical conditions support the move toward the $10.45 level. However, a clear breakout is still required for the pattern to confirm.
XRP Weekly RSI at 53.02 Signals Balanced Momentum With Slight Uptrend Developing
The XRP to US Dollar (XRP/USD) Relative Strength Index (RSI) chart, published on July 7, 2025, shows a 14-period RSI value of 53.02. This chart uses Bitstamp data and was created using TradingView. The current RSI sits just above the neutral midpoint of 50, indicating a balanced momentum between buyers and sellers.
The RSI is a momentum indicator that measures the speed and change of price movements on a scale of 0 to 100. Readings above 70 typically suggest overbought conditions, while values below 30 reflect oversold pressure. A value near 50 usually signals a neutral trend or consolidation phase.
At the moment, XRP’s RSI line is positioned slightly above its own moving average, which is at 52.72. This crossing hints at a mild recovery in upward momentum. The indicator recently rose after bouncing from the 40–45 range in mid-2025, reflecting an easing of selling pressure.
Both the RSI line and its moving average are beginning to slope upward. This change shows that XRP may be shifting out of a consolidation period. However, the strength remains moderate, and the RSI does not suggest any extreme buying or selling behavior.
Overall, XRP’s weekly RSI reflects a stable market. Traders are not showing excessive excitement or panic. The RSI structure supports a steady phase with possible momentum building slowly in favor of buyers.
XRP Weekly MACD Shows Bearish Momentum Slowing With MACD Line at 0.07843
The XRP to US Dollar (XRP/USD) Moving Average Convergence Divergence (MACD) chart reflects weakening bearish pressure. The chart was created using TradingView and uses Bitstamp data, applying the standard 12-26-9 MACD settings.
MACD uses two key lines to track momentum: the MACD line (blue), currently at 0.07843, and the signal line (orange), currently at 0.12375. When the MACD line crosses below the signal line, it suggests selling pressure. In this chart, the MACD line remains below the signal line, confirming ongoing bearish momentum.
However, the histogram—which shows the difference between the two lines—is shrinking, now reading -0.04532. This narrowing histogram suggests that the strength of the downtrend is fading.
Earlier in 2025, XRP’s MACD line climbed above 0.60 during a strong bullish phase, but it has declined steadily since then. After the peak, several weeks of red histogram bars signaled intense selling. Recently, these red bars have shortened, indicating a possible shift in momentum.
While the MACD still shows a bearish structure, the pace of decline has slowed. This suggests that sellers are losing control, and a momentum shift could occur if the MACD line crosses above the signal line in the coming weeks.