XRP and Bitcoin Market Update - July 3, 2025

Author: Bob Mason

Published: July 3, 2025

Key Highlights

• XRP gained 2.87% on July 2, with a target breakout above $2.3275.
• Ripple is applying for a national banking charter, indicating a move towards regulated finance.
• SEC's decision on its appeal against Ripple is anticipated, which could significantly impact XRP's price.
• Bitcoin (BTC) reached $109,793, driven by expectations of a Fed rate cut.

XRP Price Dynamics

XRP's recent performance shows a 2.87% increase, closing at $2.2346. The price trajectory is closely tied to the SEC's upcoming decision regarding its appeal against Ripple's previous court ruling. A breakout above the recent high of $2.3275 could lead to further gains, potentially reaching $2.6553 and even $3.00. Conversely, a drop below the 50-day EMA could expose lower support levels.

SEC vs. Ripple Case

On July 3, the SEC is expected to hold a closed meeting to discuss its appeal against the ruling on XRP's programmatic sales. Ripple has indicated it will not pursue its cross-appeal, which may influence the SEC's decision to withdraw its appeal. Former SEC lawyer Marc Fagel noted that the process could take several weeks, but may be expedited.

Ripple's Banking Charter Application

Ripple's CEO, Brad Garlinghouse, announced the company's application for a national banking charter from the OCC, which would allow Ripple to operate under both state and federal oversight. This move is seen as a significant step towards mainstream finance and could enhance trust in its stablecoin offerings.

Bitcoin Market Movements

Bitcoin experienced a rebound, closing at $108,846, driven by rising expectations of a Fed rate cut following disappointing labor market data. The ADP reported a drop in private payrolls, which has heightened speculation about the Fed's monetary policy direction. BTC's price is influenced by various factors, including economic data, legislative developments, and ETF flows.

ETF Inflows and Market Sentiment

BTC-spot ETFs saw significant inflows, with Fidelity's Bitcoin Fund leading with $184 million. This surge in demand reflects growing investor interest in Bitcoin as a risk asset amid changing economic conditions. The overall sentiment in the crypto market remains bullish, with analysts closely monitoring the SEC's decisions and economic indicators.

Conclusion

Investors are advised to keep an eye on developments related to the SEC vs. Ripple case, legislative news, and economic data releases, as these factors will play a crucial role in shaping the future price movements of XRP and Bitcoin.